Campbell Newman News
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Queensland’s state government is selling half its stake in Aurizon Holdings Ltd., Australia’s biggest transporter of coal by rail, for about A$806 million ($839 million) to pay down debt, the Treasurer said.
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Queensland’s state government is selling half its stake in Aurizon Holdings Ltd., Australia’s biggest transporter of coal by rail, for about A$806 million ($839 million), the Australian Financial Review reported.
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Brisbane faces water shortages after floods muddied supplies, forcing the main treatment plant for Australia’s third-most populous city to close.
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Tornadoes in Australia’s Queensland state felled trees and power lines as ex-tropical cyclone Oswald dumped heavy rain and moved toward New South Wales bringing damaging winds and possible flooding.
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Australian Prime Minister Julia Gillard confronts mounting challenges to her own re-election after her Labor party suffered a landslide poll defeat in Queensland, leaving her with allies governing just two of the nation’s six states.
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Australia’s ruling Labor party this week faces its first loss of power in Queensland since 1996, after a surging exchange rate eroded the job market of a state that’s been a battleground in national elections.
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Australian Prime Minister Julia Gillard’s Labor party suffered its worst defeat at a state election in Queensland, deepening her challenge before a national ballot due in 2013.
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Australia’s Queensland state is set for a change of government, with early vote counting in today’s election showing the opposition Liberal National Party will end 14 years of Labor rule, according to the Australian Broadcasting Corp.
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Coal export ports on Australia’s eastern coast closed as ex-tropical cyclone Oswald dumped heavy rain on Queensland state and moved south toward New South Wales, prompting emergency services to issue flood warnings.
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Queensland, Australia’s most indebted state, is aiming to return its budget to surplus in 2014-15 as Premier Campbell Newman attempts to win back its AAA credit rating.
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