Business PM - Packer's Sri Lanka vision

Wednesday November 13, 2013
Afternoon Edition 
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Packer's Sri Lanka vision
Colin Kruger 4:02PM | Just days after receiving approval for his Barangaroo casino, James Packer is making his most public pitch yet to build a $400m resort in Sri Lanka.

Biggest slump in six weeks
Sally Rose 5:04PM | Local shares plunged on growing fears the US Federal Reserve will soon cut its stimulus, with a sell-off in the big banks leading falls.

Gail Kelly's pay slips to $9.2m
Madeleine Heffernan 3:39PM | Gail Kelly, chief executive of Westpac, took a small pay cut in 2013 but remains among the country's best paid bosses.

Business News Wire

2:25PM DuluxGroup forecasts profit growth
1:00PM Westpac's Gail Kelly paid $9.2m
1:00PM Weak jobs market undercuts wages
12:06PM Seven flags glimmer of Xmas cheer
12:06PM FMG to pay back $1bn early
Comment & Analysis
ASIC is examining share acquisitions by two David Jones directors.
Elizabeth Knight
If you look at what the numbers show, things are much more complicated than they may first appear.
Clancy Yeates
There is no one more demure, no one more reclusive in corporate Australia than Anton Billis.!
Michael West
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Markets
Around the Markets at 5:06PM EST, 13 Nov 2013
Dow Jones 15750.67 – 32.43 – 0.21%
Nasdaq 3919.92 + 0.00 + 0.00%
Hang Seng 22581.28 – 320.13 – 1.40%
NZ 50 4918.659 + 2.99 + 0.06%
CAC 4263.78 + 0.00 + 0.00%

End of day figures for Dow Jones and Nasdaq
All others figures are intraday (20 min delay)

Quotes & Charts
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Business Videos
French President Francois Hollande hosts over 20 European leaders for a summit to tackle youth unemployment across Europe but few are expecting quick fixes to emerge.

Blogs

Transurban boss Scott Charlton has put excitement back into listed toll roads.
Adele Ferguson at

Executive Style

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