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Australian share market loses 1pc in early trade

2014-10-13 02:38:05| Grocery - Topix.net

The Benchmark ASX 200 index was 50 points, or 0.5 per cent, lower at 5,138 by 10:22am , while the broader All Ordinaries was also down 1 per cent at 5,134. The major banks were all down around 1 per cent early on, while the smaller regional banks had slightly heavier falls, as did Macquarie.

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Australian city council divests from fossil fuels

2014-10-10 07:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: The City of Moreland, north of Melbourne, has become the first municipality in the state of Victoria to ditch holdings in fossil fuels companies, following calls from campaigners to cut ties with the businesses most responsible climate change. The city council become the latest to sign up to the growing global divestment movement, joining Seattle in the US, Oxford in the UK and Dunedin in New Zealand. On Wednesday the council voted to rule out future investment in coal or gas companies and...

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BAE delivers Australian Navy's first LHD vessel

2014-10-10 01:00:00| Naval Technology

BAE Systems has delivered the first of two landing helicopter dock (LHD) vessels, Nuship Canberra, to the Royal Australian Navy (RAN), paving the way for its planned commissioning next month.

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Nudie readies Australian TV ad for Kids Nudie - video

2014-10-09 14:41:27| Daily beverage news and comment - from just-drinks.com

Australian juice company Nudie is set run the first television advert for its namesake range of children's juices in its home market.

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Leading Australian pension fund ditches coal holdings

2014-10-09 09:59:00| Climate Ark Climate Change & Global Warming Newsfeed

RTCC: An Australian pension fund worth $8 billion says it will ditch holdings in coal companies, branding climate change a very real investment risk. Local Government Super is one of Australias largest public sector funds, with 90,000 members, and is the first to publicly announce plans to divest from coal. In a statement, LGS chief executive Peter Lambert said the fund believed support for carbon intensive forms of energy like coal and oil from tar sands were no longer sound investments. With...

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