AUSTRALIA

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FTSE edges up as Tate soars

The FTSE edged up on Wednesday, led by sugar and sweetener maker Tate & Lyle and banking consolidation talk, but miners and oils limited gains as some commodity prices fell.
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Ministers at odds over Amex labour plan

Federal ministers Amanda Vanstone and Kevin Andrews are at odds over plans by American Express to have Japanese workers take jobs at a Sydney call centre.
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Resource boom 'raising executive demand'

The resource boom is causing demand for executives to reach record levels, and could trigger an executive skills shortage and higher executive wages, new research shows.
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Japan imports of U.S. beef slump after ban lifted

Japanese imports of U.S. beef totaled only 105 tonnes in August, the first full month of shipments since Tokyo reopened the market to meat from the United States, government data showed on Thursday.
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Tap Oil takes 85% in Philippine project

Australia's Tap Oil Ltd has taken an 85 per cent stake in an oil exploration project in the Sulu Sea in the southern Philippines, local partners in the consortium said on Wednesday.
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Newmont sees lower gold sales ahead

Newmont Mining Corp said its gold sales would drop this year and next but would recover in 2008 and 2009 when projects in the United States, Ghana and Australia reach full production.
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CFOs want simpler annual reports

Australia's chief financial officers (CFOs) are pressing for shorter corporate annual reports, and they want them distributed over the internet instead of posted.
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AWB manager accused of taking kickbacks

A former AWB manager was accused by one of his colleagues of collecting $US16 million ($A21.3 million) in kickbacks from wheat shipments to Saddam Hussein's regime, the Cole inquiry has been told.
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Many breadwinners underinsured: survey

As the author CS Lewis once put it, 100 per cent of us die. But this statistic seems to be lost on many Australians, with too many bread winners punting on longevity, leaving them underinsured when it comes to supporting their families if they suddenly die, a new survey shows.
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Cole inquiry to release AWB documents

More than 300 secret documents linked to the AWB kickbacks scandal are expected to start being released on Tuesday as the long-running Cole inquiry resumes its public hearings.
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Telstra CEO against board appointment

Telstra is warning the forced appointment of former federal government spin doctor Geoff Cousins to the company's board could affect the sell-off of the government's final stake in the telco.
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Banton laments lack of Hardie compo

If only James Hardie Industries could pay compensation as fast it doubled its own directors' pay, disgusted victims advocate Bernie Banton lamented.
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Canadian investor to avoid Telstra offer

Canadian institutional investor Erik Sardain is looking for an exciting investment opportunity in Australia over the next few months, and at the moment it doesn't look like the $8 billion Telstra share offer quite fits the bill.
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Straits Resources 'plans $400m IPO'

Australia's Straits Resources Ltd plans to sell some of its Asian energy and trading assets in an initial public offering of around $US400 million ($A529 million) in Singapore in the fourth quarter, sources close to the deal said.
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FTSE 100 Climbs On Strong Results, Oil Caps Gains

Britain's FTSE 100 pushed ahead on Thursday, buoyed by strong results and bullish earnings forecasts, but gains were capped by continued weakness in crude prices, hitting oil heavyweights and utilities.
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Lockheed Fears Budget Setback for F-35 Jet

Lockheed Martin Corp.'s $276.5 billion F-35 Joint Strike Fighter program, the costliest U.S. arms acquisition project, may be set back by moves in Congress to slow initial production, a top company official said on Wednesday.
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India Seeks to Import Liquified Natural Gas

The head of the India's state-owned Oil and Natural Gas Corp. (ONGC) said on Tuesday that the company was in talks with parties in Egypt, Qatar and Australia to import at least five million tons of Liquefied Natural Gas (LNG) annually.

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