Kingsgate shares slump on $300m charge

KINGSGATE Consolidated shares have slumped after the gold miner announced job cuts and a $300 million impairment charge caused by weak gold prices. Kingsgate said it would reduce staff as it undertakes a new mine operation plan at its Challenger...

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Carr flags overhaul of refugee tribunals

THE federal government is set to overhaul Australia's refugee tribunal system in an effort to counter the recent surge in boat arrivals, claiming many are not bona fide asylum seekers, but actually economic migrants. Foreign Minister Bob Carr...

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Bishop arrested in Vatican bank probe

A BISHOP has been arrested in connection with the sweeping probe of the scandal-plagued Vatican bank, known as the Institute for Works of Religion (IOR), Italian media reports. The Corriere della Sera website alleged on Friday that the arrested...

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SA formally signs Murray water plan

SOUTH Australia has formally signed the Murray-Darling Basin Plan, which Premier Jay Weatherill says will deliver certainty for the state's irrigators and river communities. The intergovernmental agreement with the commonwealth and other basin...

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Toll Holdings warns of job cuts

TRANSPORT and logistics group Toll Holdings has warned it will cut jobs due to the poor performance of its global freight services business. The comments came as the company announced a $200 million writedown on the value of its global forwarding...

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US expects more Taliban attacks

THE United States says it expects the Taliban to continue to mount attacks in Afghanistan even as the rebels hold peace talks from their new office in Qatar. Taliban gunmen and bombers using fake NATO identification attacked an entrance to the...

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Sizzler weighs on Collins Foods

Collins Foods will review menus at its Sizzler restaurants following a drop in sales. Source: AAP PROFIT at Australia's largest KFC franchisee has grown by 43 per cent, but investors are more concerned about its struggling Sizzler business....

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Gillard survives final caucus meeting

As the Labor leadership rumours continue, Julia Gillard will face a caucus without Kevin Rudd (pic). Source: AAP PRIME Minister Julia Gillard is maintaining her grip on the leadership as the window for a change to Kevin Rudd narrows. Mr...

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Newcrest brings on its own investigation

Gold miner Newcrest will conduct an independent review of its market disclosure practices. Source: AAP GOLD miner Newcrest has brought in an experienced banking and financial executive to review its disclosure practices amid a scandal over...

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Gaming firms score court win over Vic govt

Two leading gaming companies have won a court battle against the Victorian government. Source: AAP VICTORIA'S two big gaming companies have won court action against the state government over levies of more than $42 million imposed on them....

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PNG leader slams oppn's 'race attack'

PNG's leader says a racially motivated attack on him by the nation's opposition is disgraceful. Source: AAP PAPUA New Guinea Prime Minister Peter O'Neill says a racially motivated attack on him by the nation's opposition leader is disgraceful....

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Tokyo stocks finish 1.26% lower

TOKYO stocks have closed down 1.26 per cent, erasing early gains that were stoked by a solid victory for Prime Minister Shinzo Abe's ruling coalition in elections ahead of national upper house polls next month. The benchmark Nikkei 225 index on...

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Gunmen kill 9 foreign tourists in Pakistan

GUNMEN dressed as paramilitary police killed nine foreign tourists in an unprecedented attack in the Himalayas of northern Pakistan, in a security failure bound to embarrass the new government just weeks after it took office. The gunmen stormed...

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Bad weather hits India flood rescue ops

BAD weather is hampering rescue operations in rain-ravaged northern India where up to 1,000 people are feared to have died in landslides and flash floods that have left pilgrims and tourists stranded in remote mountains without food or water. ...

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Mob attacks pensioners in Nicaragua

A MOB suspected to be made up of supporters of Nicaraguan President Daniel Ortega attacked a protest by senior citizens over pension payouts, drawing outrage from political, business and religious groups. About 300 people wearing printed government...

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