Published on March 10, 2010 by Technology Slice
Housing Supply Not Enough – Melbourne is facing an low supply of housing that isn’t currently meeting the demands of a growing population.
Melbourne is likely to give a higher share of its GDP to housing than before, or risk a further increase in housing prices and rents to balance supply and demand.
Unlike most countries rocked [...]
Tags: 2000s, Assistant Governor, Australia, Challenges, Dwelling, Economics, economy, Gdp, Global Financial Crisis, Housing Supply, Infrastructure Provision, Levels Of Government, Pace, Philip Lowe, Planning Guidelines, Population Melbourne, Rents, Supply And Demand
Posted in Money
Published on March 10, 2010 by Technology Slice
Facet Biotech Sold – Drug and medical products company Abbott Laboratories said Tuesday it will buy Facet Biotech Corp. for about $450 million in cash, expanding the company’s access to biotechnology drugs, including a potential treatment for multiple sclerosis.
Facet and its partner Biogen Idec plan to move the potential multiple sclerosis drug daclizumab into late-stage [...]
Tags: Abbott Laboratories, Biogen, Biogen Idec, Biotechnology Drugs, Boards Of Directors, Cancer Treatments, Cash And Marketable Securities, Centerview Partners, Chicago Ill, Daclizumab, Facet, Financial Adviser, Medical Products Company, Multiple Sclerosis, North Chicago, Redwood City Calif, Sclerosis Drug, Stage Development, Stages Of Development, Time Charge
Posted in Money
Published on March 9, 2010 by Technology Slice
Petrol Prices Rising – Petrol prices have returned to their pre-price war heights with the national average price of unleaded rising 3.7 cents in the week to March 7.
Fresh data from the Australian Institute of Petroleum shows the price of a litre of unleaded fuel has risen everywhere except the Northern Territory.
In Victoria the price [...]
Tags: Australian Institute Of Petroleum, Australian Motorists, Economist, Institute Of Petroleum, Litre, Major Oil Companies, Margin Pressures, Margins, Northern Territory, petrol prices, Petrol Stations, Price Changes, Price War, Profit Margin, Sebastian, Unleaded Fuel, victoria
Posted in Money
Published on March 9, 2010 by Technology Slice
Chile Quake Cost 8 Billion – QBE Insurance has warned industry-wide payouts linked to last month’s devastating Chilean earthquake could exceed US$8 billion.
Speaking to investors in London QBE chief executive Frank O’Halloran warned costs of this size would probably trigger a series of price rises across the reinsurance industry which is expected to shoulder [...]
Tags: Acquisition Opportunities, Acquisitions, Aftershocks, Catastrophe Losses, Chief Executive, Chile, Chilean Earthquake, Citigroup, Commercial Insurers, Frank O, Halloran, Insurance, Investors, Magnitude, Qbe Insurance, Quake, Reconstruction Efforts, Reinsurance Industry, S Central, South Regions
Posted in Money
Published on March 9, 2010 by Technology Slice
Business Confidence High – Business confidence and conditions strengthened in February a four month high, but growth remains below the highs seen in late 2009, a survey shows.
But businesses were caught unprepared for the surge in February, as inventories declined and hiring slowed.
The National Australia Bank (NAB) business confidence index gained four points to plus-19 [...]
Tags: Australia Business, Bounce, Business Confidence, Chief Economist, Confidence Index, Employment Index, Extent, Five Points, Four Points, Index Business, Inventories, nab, National Australia Bank, Oster, Profitability, Rose, Stocking, Surprise, Transport Business, Uptick
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