Business

Melbourne named world's most livable city for sixth straight year

The choice of the city as one of the best places to live in and do business by multinationals like Lockheed and IBM was confirmed anew when a business magazine named Melbourne for the sixth straight year the most liveable city in the world.

Business

Fed's Williams says rate hikes 'make sense,' and sooner than later

Low rates have pushed up stock prices and any change might cool investor enthusiasm. ANALYST'S TAKE: "There is clearly strong disagreement within the Fed with regards to the timing of further rate hikes", Angus Nicholson of IG said in a report.

Business

Guns N' Roses to tour Australia in 2017

Limited Edition Not In This Lifetime Tour merchandise, hand-painted leather jackets and more will be available for purchase. John Varvatos is celebrating the new pop-up shop with an opening party Friday from 3-7 p.m. The poster, which appears legitimate, says the band will play at Western Springs Stadium in Auckland and Westpac Stadium in Wellington over Waitangi Weekend in 2017.

Business

Fed minutes: Conditions could 'soon warrant' a rate hike

Japan's Nikkei swung between gains and losses, but settled up 0.4 per cent at the close, down 2.2 per cent for the week. "We might be seeing some profit taking in action", said Bernard Aw, market strategist at IG in Singapore. U.S. gold climbed 0.4 percent to $1,354.60 an ounce. The euro slipped 0.2 percent to $1.13320 EUR= after touching $1.1366 overnight, its highest since June 24.

Business

Fed minutes: Conditions could 'soon warrant' a rate hike

Japan's Nikkei swung between gains and losses, but settled up 0.4 per cent at the close, down 2.2 per cent for the week. "We might be seeing some profit taking in action", said Bernard Aw, market strategist at IG in Singapore. U.S. gold climbed 0.4 percent to $1,354.60 an ounce. The euro slipped 0.2 percent to $1.13320 EUR= after touching $1.1366 overnight, its highest since June 24.

Business

Premier Oil Returns To Profit, Raises Production Target

Production has been flat year on year, at 61,000 boe/d, compared with 60,400 last year and efficiency has been running at 93%. "Premier should be able to deliver a record production rate of over 100kboe/d in our view". Operating cash flow meanwhile was reduced at US$108.7mln, from US$513mln in the first half of a year ago. Net debt is slightly lower on end-Q1 position at $2.63bn, compared with $2.2bn at the end of a year ago.