Loan discount for low-emission vehicles

Discounted loans will be made available for people in the market for a low-emission vehicle under a new $50 million agreement. Australian lender Firstmac and the Clean Energy Finance Corporation have agreed ...

  • Qld government to release gas plan AAP - 26 minutes ago

    The Queensland government aims to maximise gas exploration and its related economic benefits with an action plan to be released next year. The terms of reference have been handed to industry leaders ahead of government consultation this year about the issues within Queensland's petroleum and gas industry, which supports about 145,000 jobs, amid increasing demand. "By 2018, Queensland is expected to be the fourth-largest LNG exporter globally and by the end of the decade, Australia has the potential to be the world's leading LNG exporter," Minister for Natural Resources and Mines Dr Anthony Lynham said.

  • Russia upgrades military despite economy AAP - 42 minutes ago

    Tens of thousands of troops take part in war games showing off the military's readiness for all-out war. The muscle flexing suggests that Russia's economic woes so far are having no impact on the Kremlin's ambitious military modernisation program. Most Russian economic sectors face a 10 per cent cut in 2015 as Russia heads into recession.

  • Webjet on track to lift full year earnings AAP - 47 minutes ago
    Webjet on track to lift full year earnings

    Online travel company Webjet is on track to lift underlying earnings to $27 million despite a rise in costs and foreign currency fluctuations. Webjet says total transaction values - or the price it sells ...

  • Incitec faces profit hit over gas deal AAP - 1 hour 27 minutes ago

    Explosives and fertiliser maker Incitec Pivot is facing a steep reduction in gas supply at its ammonium nitrate plant in Queensland which could hit its profits. Incitec says that if there were to be a sustained and consistent 20 per cent fall in gas supply over a 12-month period, the company's net profit could suffer a $22 million hit.

  • Credit card debt down, but HECS debt rises AAP - 1 hour 35 minutes ago
    Credit card debt down, but HECS debt rises

    Australians are paying off their credit cards and saving more, but HECS debt is at a 14-year high. Record low interest rates are helping people pay their debts, with four out of 10 households debt free in the June quarter, a report by St George and the Melbourne Institute shows. The survey found that the number of households with credit card debt remained around six-year lows of just under 30 per cent.

  • Ukraine's finance chief Jaresko AAP - 1 hour 42 minutes ago

    War-torn Ukraine is a long way from Wood Dale, Illinois. It's been a baptism of fire for the 49-year-old former banker, who only got her Ukrainian citizenship the day she was appointed minister in December but has lived in the country for more than two decades. Corruption is endemic throughout Ukraine.

  • Aust stocks deep in the red AAP - 1 hour 56 minutes ago

    Big falls in commodity prices and more turmoil on Shanghai's stock market have pushed Australian shares deep into the red. Bloomberg News reported that trading had been halted in more than a third of companies trading on the Shanghai and Shenzhen stock markets after hundreds of companies requested suspensions. The heavy falls on Wednesday came after the Australian stock market enjoyed its best gains in nearly five months during the previous session as investors waited for the next developments in the Greek financial crisis.

  • $A down after Chinese stocks plunge 7pct AAP - 2 hours 2 minutes ago

    The Australian dollar has lost ground amid continued declines in Chinese equity markets. At 1200 AEST on Wednesday, the currency was trading at 74.17 US cents, down from 74.85 cents on Tuesday. Around ...

  • Stocks to watch at noon on Wednesday AAP - 2 hours 30 minutes ago

    Stocks to watch on the Australian stock exchange at noon on Wednesday: BHP - BHP BILLITON - down 62 cents, or 2.36 per cent, at $25.63 FMG - FORTESCUE METALS GROUP - down 6.5 cents, or 3.64 per cent, at ...

  • N Korea has new showcase airport terminal AAP - 2 hours 42 minutes ago

    North Korea has opened a sleek new airport terminal, hailing it as a showcase of leader Kim Jong-Un's achievement after its construction had to be stopped halfway and redone at his whim. "The terminal was built in a modern way from the gatepost to the airport to departure lounge, entry formalities hall, service halls, etc," the Korean Central News Agency (KCNA) said. Pictures released by KCNA showed a glass-fronted, marble-floored terminal, a far cry from the old, drab socialist-style building.

  • Prima announces share purchase plan AAP - 3 hours ago

    Cancer treatment developer Prima Biomed is seeking to raise at least $5 million through an offer of new shares to eligible shareholders at five cents each. Each shareholders can subscribe for up to $15,000 of new shares under the share purchase plan. The funds from the share purchase plan will be used partly to start two new clinical trials of Prima's lead product, IMP321, to treat metastatic breast cancer.

  • Aust stocks open lower on China concerns AAP - 3 hours ago

    The Australian share market has opened lower after sharp falls in commodity prices on concern about China's turbulent stock market. Iron ore fell 4.6 per cent to $49.70 US a tonne overnight, close to April's 10-year low of $46.70. Nickel fell nine per cent and copper has hit a six-year-low while iron ore had been down for nine straight days, CommSec market analyst Juliana Roadley said.

  • Iron ore under $US50 AAP - 4 hours ago

    Iron ore prices have plunged below $US50 a tonne for the first time in nearly three months, heaping more pressure on Australian miners. The spot price for Australia's biggest export plunged $US2.70, or 5.1 per cent, to $US49.60 a tonne on Tuesday. Patersons economist and analyst Tony Farnham said investors were fretting about oversupply in the steelmaking commodity and near-term growth prospects for China, the biggest destination for Australian iron ore.

  • Aust shares open lower AAP - 4 hours ago

    The Australian share market has opened lower. At 1010 AEST on Wednesday, the benchmark S&P/ASX200 index was down 60.2 points, or 1.08 per cent, at 5,521.2, while the broader All Ordinaries index was down ...

  • Greece is starting to see tourists cancel AAP - 4 hours ago

    This is the reality facing tourism in Greece this year, as the peak summer season in the popular destination is threatened by a financial crisis of frightening proportions. Up until now, the charming cafes and outdoor restaurants near the Acropolis have remained overflowing with tourists, but considering the bad publicity of the past week's events, many businesses say they are beginning to see cancellations and a slowdown in reservations. "Our future bookings are down 20 to 30 per cent," said Edward Fisher, who owns and operates Athens Backpackers and Athens Studios, with prime locations near the Acropolis that cater mostly to youthful travellers without mega-budgets.

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