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Commonwealth Bank of Australia first-half profits to exceed $4.7b

2016-02-07 12:01:30| Automakers - Topix.net

Investors will examine how much Commonwealth Bank of Australia has managed to offset pressure on its profit margins through last year's mortgage interest rate hikes when the country's biggest bank reports its first-half profits on Wednesday. With banks competing fiercely for borrowers, profit margins will be a key focus for CBA, which is predicted to deliver a first-half profit of more than $4.7 billion - an annual increase of about 2 per cent - and an interim dividend of $1.98 a share, consensus estimates indicate.

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U.S. beef in danger of losing Japan trade to Australia

2016-02-06 20:49:00| National Hog Farmer

By P. Scott Shearer, Bockorny Group, Washington, D.C. TPP will help level playing field The USDAs Economic Research Service in a recent report, Tariff Reforms and the Competitiveness of U.S. Beef in Japan, said the United States is at risk of losing $100 million in beef exports to Japan as a result of the Japan-Australia Economic Partnership Agreement that took effect last year. read more

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Australia raises AUD 544 mln in 1,800 MHz band auction

2016-02-05 08:46:00| Telecompaper Headlines

(Telecompaper) Optus, Telstra, TPG and Vodafone all secured spectrum in Australia's 1,800 MHz band auction, resulting in total proceeds of AUD 543.5 million, the Australian Communications and Media Authority announced. Optus will pay the most, at AUD 196 million, Testra AUS 191 million, TPG Internet AUD 88 million and Vodafone AUD 68 million. The auction of regional lots of 2x5MHz started in November last year and ran for 29 working days. The new frequencies are expected to help the operators strengthen 4G coverage throughout the country. The 1,800 MHz band is already used extensively in major cities. The technology-neutral licences are valid until June 2028. 

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BHP Billiton selects Fugro for Pyrenees project offshore Australia

2016-02-05 01:00:00| Offshore Technology

BHP Billiton Petroleum has selected Fugro to provide services for its Pyrenees Phase III installation project offshore in Western Australia.

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i-Tech Awarded Long-Term Contract with BP Australia

2016-02-04 13:32:00| Offshore Technology

i-Tech is pleased to announce that it has been awarded a contract for drill support ROV services by BP Australia.

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