Byline: David Rogers Sep 04, 2017 (The Australian - ABIX via COMTEX) -- North Korea's latest hydrogen bomb test weighed on sharemarkets in the Asia-Pacific region on 4 September. The Hang Seng Index was down 0.8 per cent, the Nikkei 225 was 0.9 per cent lower and South Korea's Kospi shed 1.2 per ... (Publication: Australasian Business Intelligence)
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Markets Slide as Korean Tension Escalates
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Linfox Buys Lion's Share to Take Full Control of BevChain Drinks Venture
Byline: Jenny Wiggins Sep 04, 2017 (The Australian Financial Review - ABIX via COMTEX) -- Linfox has moved to full ownership of BevChain, the drinks distribution and warehousing venture it started with Lion in 2006. It was initially focused on sole distribution of Lion's products, but later took on ... (Publication: Australasian Business Intelligence)
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Platinum's Pick Wins Hearts & Minds Benefit
Byline: Jonathan Shapiro Sep 04, 2017 (The Australian Financial Review - ABIX via COMTEX) -- Fund managers such as Platinum Asset Management founder Kerr Neilson and Hamish Douglass of Magellan took part in a stock-picking competition at the Sohn Heart & Minds conference in November 2016. Funds ... (Publication: Australasian Business Intelligence)
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Network's New Deal Lets CBS Put Gun to Fox's Head
Byline: Elizabeth Knight Sep 04, 2017 (The Age - ABIX via COMTEX) -- Although most of the Ten Network's creditors will be paid all outstanding debts if the CBS deal proceeds, rival media group 21st Century Fox is likely to lose substantially from the deal. Fox is owed about $A200m under its content ... (Publication: Australasian Business Intelligence)
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We'd Back Minority ALP Rule: Greens
Byline: Troy Bramston Sep 04, 2017 (The Australian - ABIX via COMTEX) -- Australian Greens leader Richard Di Natale says that he could not envisage the party supporting a minority federal Liberal government any time soon. However, he says the Greens would be willing to support a minority Labor ... (Publication: Australasian Business Intelligence)
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Heat on ACTU as Outsourced Jobs Row Flares
Byline: Ewin Hannan Sep 04, 2017 (The Australian - ABIX via COMTEX) -- AustralianSuper and IFM Investors are being pressured over their majority stake in Ausgrid. The electricity firm is outsourcing 35 jobs to India and has forced some of the soon-to-be redundant Australian staff to go to India to ... (Publication: Australasian Business Intelligence)
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Failing Co-Op Leaves Dairy Men with Sour Taste
Byline: Sue Neales Sep 04, 2017 (The Australian - ABIX via COMTEX) -- Long-time Murray Goulburn supplier Jim Munro has had enough of the struggling dairy processor. The Victoria-based dairy farmer says the "last straw" for him was seeing how much its executives were paid in 2016-17, despite it ... (Publication: Australasian Business Intelligence)
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NXT Plan 'May Help' Media Web Titans
Byline: Rosie Lewis Sep 04, 2017 (The Australian - ABIX via COMTEX) -- Senator Nick Xenophon has acknowledged that his revised proposal to give tax breaks to smaller media companies does not significantly differ from the one that was rejected by the Federal Government. Some Coalition MPs have ... (Publication: Australasian Business Intelligence)
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Field for CBA Race Whittled
Byline: James Eyers Sep 04, 2017 (The Australian Financial Review - ABIX via COMTEX) -- The Commonwealth Bank of Australia has announced several board changes as it begins searching for a successor to CEO Ian Narev. Launa Inman and Harrison Young will step down at the AGM in November, and Andrew ... (Publication: Australasian Business Intelligence)
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BHP's Olympic Dam Set to Cash in on Copper Revival
Byline: Simon Evans Sep 04, 2017 (The Australian Financial Review - ABIX via COMTEX) -- BHP Billiton has been testing the heap leach process on ore from its Olympic Dam copper mine in South Australia since mid-2013. The resources group will undertake further trials of the process over the next ... (Publication: Australasian Business Intelligence)
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Steady as She Goes for RBA on Interest Rates
Sep 04, 2017 (The Australian - ABIX via COMTEX) -- The consensus of market economists is that the Reserve Bank of Australia will leave the cash rate unchanged at 1.5 per cent in September. Paul Brennan of Citigroup notes that domestic data has generally matched the RBA's forecasts since its board ... (Publication: Australasian Business Intelligence)
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North Korean Fallout Hits Shares
Byline: Angus Peniston-Bird Sep 04, 2017 (The Australian - ABIX via COMTEX) -- The Australian sharemarket lost ground on 4 September 2017, with the S&P/ASX 200 easing 0.4 per cent to close at 5,702 points. Rio Tinto was down 0.9 per cent at $A67.68 and the Commonwealth Bank shed 1.4 per cent to end ... (Publication: Australasian Business Intelligence)
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Five Ways to Fix the Grid without New Coal Power
Byline: Ben Potter Sep 04, 2017 (The Australian Financial Review - ABIX via COMTEX) -- The Australian Energy Market Operator has produced a report into dispatchable power supply on the east coast, and its release is expected shortly. There are at least five areas on which the report is likely to ... (Publication: Australasian Business Intelligence)
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Fallout over Cladding Could Slow Development
Byline: Michael Bleby Sep 04, 2017 (The Australian Financial Review - ABIX via COMTEX) -- Professional indemnity insurers are increasingly seeking to insert in policies covering private building certifiers clauses that exclude them from liability in regard to non-compliant building cladding . As a ... (Publication: Australasian Business Intelligence)
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Lift Output or Standards Will Fall: Treasury
Byline: Karen Maley Sep 04, 2017 (The Australian Financial Review - ABIX via COMTEX) -- New data shows that labour productivity in Australia by grew by an average of 1.8 per cent annually in the five years to 2015-16. Growth in productivity has averaged 1.4 per cent over the last 15 years and 1.6 ... (Publication: Australasian Business Intelligence)
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Shorten Releases His Citizenship Proof
Byline: Rosie Lewis Sep 04, 2017 (The Australian - ABIX via COMTEX) -- Opposition Leader Bill Shorten has tabled paperwork in Federal Parliament which shows that he ceased being a British citizen in June 2006. The declaration followed weeks of pressure on Shorten to confirm his citizenship status. ... (Publication: Australasian Business Intelligence)
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Studio Deals Blamed for Collapse of Ten
Byline: Darren Davidson Sep 04, 2017 (The Australian - ABIX via COMTEX) -- Administrator KordaMentha has released a report which concludes that Ten Network did not become insolvent until 13 June, and that there is no evidence as yet to suggest that Ten directors acted improperly or were in breach ... (Publication: Australasian Business Intelligence)
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iSelect Hits the Shopping Centres to Win over Customers
Byline: Alice Uribe Sep 04, 2017 (The Australian Financial Review - ABIX via COMTEX) -- iSelect will place kiosks in shopping centres around Australia in an effort to attract more business from customers. CEO Scott Wilson says iSelect, like the health insurance companies that it sells policies for, ... (Publication: Australasian Business Intelligence)
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Stevens to Share Global View with Ellerston Advisory Role
Byline: Jonathan Shapiro Sep 04, 2017 (The Australian Financial Review - ABIX via COMTEX) -- Former Reserve Bank of Australia governor Glenn Stevens has joined Ellerston Capital's new Ellerston Global Macro fund as an advisor. Stevens retired from the RBA in September 2016. Brett Gillespie, the ... (Publication: Australasian Business Intelligence)
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Adamantem Rejected 'Settlement' Offer
Byline: Vesna Poljak Sep 04, 2017 (The Australian Financial Review - ABIX via COMTEX) -- Private equity firm Pacific Equity Partners has launched legal action against Adamantem Capital. Adamantem was started by former PEP executives Anthony Kerwick and Rob Koczkar, who left PEP in 2014. PEP alleges ... (Publication: Australasian Business Intelligence)
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