$155m to shore up apprenticeships
The Federal Government has moved to fight rising unemployment levels by committing $155 million to encourage employers to keep apprentices on despite tougher economic times. ...
Thu 19th February 2009 - 11:27pm
Dollar retreats from high against euro
LONDON AFP - The dollar retreated Thursday from a multi-month peak against the euro as investors took profits from the greenbacks recent rise- dealers said. ...
Thu 19th February 2009 - 11:25pm
Territorial fire crews hampered bushfire effort
Territorialism within Victorias firefighting services has been blamed for blocking urgent resources needed to properly combat the deadly bushfires that have raged across the state. ...
Thu 19th February 2009 - 11:18pm
Govt wants ETS inquiry scrapped
The Federal Government has moved to shut down debate on its emissions trading scheme ETS by announcing that it was discontinuing an inquiry into the scheme by the House of Representatives standing committee on economics. ...
Thu 19th February 2009 - 08:35pm
As economic belt tightens- waistlines could widen
Public health analysts are warning that the economic downturn could worsen Australias obesity and diabetes problems. ...
Thu 19th February 2009 - 08:23pm
Cruise ships in Sydney Harbour force traffic changes
Sydneys popularity as a destination for cruise ships is forcing changed traffic conditions around the harbour foreshore. ...
Thu 19th February 2009 - 08:16pm
Cruise ships in Sydney Harbour forces traffic changes
Sydneys popularity as a destination for cruise ships is forcing changed traffic conditions around the harbour foreshore. ...
Thu 19th February 2009 - 08:14pm
Govt wants ETS inquiry scrapped
The Federal Government has moved to shut down debate on its emissions trading scheme ETS by announcing that it was discontinuing an inquiry into the scheme by the House of Representatives standing committee on economics. ...
Thu 19th February 2009 - 07:54pm
US stimulus package relatively modest- UN economist
A prominent United Nations economist has described United States President Barack Obamas multi-billion dollar stimulus plan as relatively modest. ...
Thu 19th February 2009 - 07:50pm
Trade ministers recommend Aust-Indon FTA
Trade ministers from Australia and Indonesia have agreed to recommend negotiating a free trade agreement FTA between the two countries. ...
Thu 19th February 2009 - 07:47pm
Trade ministers recommend Aust-Indon FTA
Trade ministers from Australia and Indonesia have agreed to recommend negotiating a free trade agreement FTA between the two countries. ...
Thu 19th February 2009 - 07:46pm
Rees backs down over office refurbishment plans
The New South Wales Premier has been forced into a backdown over a costly refurbishment planned for new minister John Robertson. ...
Thu 19th February 2009 - 07:40pm
Rees backs down over office refurbishment plans
The New South Wales Premier has been forced into a backdown over a costly refurbishment planned for new minister John Robertson. ...
Thu 19th February 2009 - 07:39pm
Govt defends its help for Holden
The Rudd government has played a major role in car maker Holden's ongoing viability- Industry Minister Kim Carr says. ...
Thu 19th February 2009 - 07:20pm
Govt wants ETS inquiry scrapped
The Federal Government has moved to shut down debate on its emissions trading scheme ETS by announcing that it was discontinuing an inquiry into the scheme by the House of Representatives standing committee on economics. ...
Thu 19th February 2009 - 06:59pm
Govt wants ETS inquiry scrapped
The Federal Government has moved to shut down debate on its emissions trading scheme ETS by announcing that it was discontinuing an inquiry into the scheme by the House of Representatives standing committee on economics. ...
Thu 19th February 2009 - 06:52pm
Govt wants ETS inquiry scrapped
The Federal Government has moved to shut down debate on its emissions trading scheme ETS by announcing that it was discontinuing an inquiry into the scheme by the House of Representatives standing committee on economics. ...
Thu 19th February 2009 - 06:50pm
Court urged to postpone case against ex AWB chief
The Australian Securities and Investments Commission ASIC wants a Victorian Supreme Court judge to postpone its civil case against former Australian Wheat Board AWB chief executive- Andrew Lindberg. ...
Thu 19th February 2009 - 06:48pm
OceanaGold shares up as gold prices rise
Shares in OceanaGold soared after a rise in gold sales gave it the rank of Australia's fourth largest gold producer- although the miner incurred a net loss. ...
Thu 19th February 2009 - 06:47pm
BoQ shares jump on surge in earnings
Shares in Bank of Queensland closed strongly higher after it said first half earnings would leap-frog its competitors and surge by at least 25 per cent. ...
Thu 19th February 2009 - 06:42pm
Clough profits down- revenue up
Engineering and construction firm Clough reported a drop in interim earnings but is moving to focus on the oil and gas sector- which drove a jump in revenues. ...
Thu 19th February 2009 - 06:34pm
Healthscope anticipates good performance
Private hospitals operator Healthscope Ltd says it expects its strong performance to continue but will be cautious about acquisition opportunities. ...
Thu 19th February 2009 - 06:32pm
ASIC wants trial of AWB boss postponed
ASIC lawyers are seeking the postponement of a civil trial against former AWB chief executive Andrew Lindberg. ...
Thu 19th February 2009 - 06:31pm
Adelaide Brighton cements 6.1pc profit
Adelaide Brighton Ltd has bucked the trend in the housing and construction market and cemented a 6.1 per cent rise in annual profit. ...
Thu 19th February 2009 - 06:30pm
$155m to shore up apprenticeships
The Federal Government has moved to fight rising unemployment levels by committing $155 million to encourage employers to keep apprentices on despite tougher economic times. ...
Thu 19th February 2009 - 06:28pm
$155m to shore up apprenticeships
The Federal Government has moved to fight rising unemployment levels by committing $155 million to encourage employers to keep apprentices on despite tougher economic times. ...
Thu 19th February 2009 - 06:27pm
Nestle posts jump in net profits to 18 bln francs
GENEVA- AFP - Swiss food giant Nestle said Thursday net profits surged 69. ...
Thu 19th February 2009 - 06:18pm
Bank of Qld expects higher profit
Bank of Queensland expects its first half normalised cash net profit to be at least 25 per cent higher than its previous result. ...
Thu 19th February 2009 - 06:17pm
Country Road profit up 84 per cent
Country Road Ltd says it is cautious about its outlook even though it almost doubled its half year profit. ...
Thu 19th February 2009 - 05:57pm
Lihir posts solid profit
Lihir Gold has achieved a solid 2008 net profit and expects further improvement in 2009 from mines acquired through its takeover of Equigold NL. ...
Thu 19th February 2009 - 05:56pm
Australias Santos posts record profit
SYDNEY AFP - Australian energy giant Santos on Thursday reported a record annual net profit of 1. ...
Thu 19th February 2009 - 05:53pm
Cabcharge lifts profit by seven per cent
Taxi payment system operator Cabcharge Australia Ltd says it will continue to grow in 2008-09 after posting a 7.2 per cent rise in first half profit. ...
Thu 19th February 2009 - 05:53pm
Profit results drive market higher
Australian stocks have closed higher after the latest round of profit results. ...
Thu 19th February 2009 - 05:50pm
Japan takes new credit steps- holds rates steady
TOKYO AFP - Japans central bank on Thursday announced new measures to tackle a deepening recession in Asias biggest economy as it left its super-low interest rates unchanged for a second month. ...
Thu 19th February 2009 - 05:42pm
Movies increase earnings for Amalgamated
Greater Union owner Amalgamated Holdings has posted a lift in first half earnings on the back of the success of films such as The Dark Knight and Mamma Mia- ...
Thu 19th February 2009 - 05:42pm
Air China says no additional fuel hedging
SHANGHAI AFP - Flag carrier Air China said it will not increase fuel hedging positions after being burnt with huge losses last year- state media reported Thursday. ...
Thu 19th February 2009 - 05:40pm
Starpharma Holdings Limited ASX-SPL Announces Its Financial Results For The 6 Months Ending 31 December 2008
Melbourne- Australia- Feb 19- 2009 - ABN Newswire - Starpharma Holdings Limited ASX-SPLPINK-SPHRY Net loss after tax was A $1.9 million- with operating cash outflows of A $2.5 million for the half year- 12 less than the same period in the prior year. Cash at 31 December was A $6.1 million. Total revenue and other income was A $5.1 million for the half year with revenue from continuing operations A $1. ...
Thu 19th February 2009 - 05:40pm
Recycler Sims cutting jobs to survive
Despite being directly hit by the -amp quotcontagion -amp quot of the global economic crisis- Sims Metal Management Ltd says there are signs for cautious optimism. ...
Thu 19th February 2009 - 05:39pm
Hutchison predicts growth amid downturn
Hutchison Telecommunications Australia Ltd says the economic downturn has so far been good for its business and expects to continue its market growth. ...
Thu 19th February 2009 - 05:36pm
December credit card repayments at 3-year high
Credit card repayments had their biggest rise in December in almost three years- as people received hand-outs as part of the Governments economic stimulus package. ...
Thu 19th February 2009 - 05:33pm
GE Money offers exit fee sweetener
GE Money's mortgage lending business can't pass on the latest rate cut but will waive exit fees to encourage customers to refinance with Aussie Home Loans. ...
Thu 19th February 2009 - 05:32pm
Australia shares rise 1.1 pct banks offer support
SYDNEY- Feb 19 - Australian shares rose 1.1 percent on Thursday- led by banks such as Westpac WBC as investors bet they can keep bad debts in check while holding up earnings as they gain market share. ...
Thu 19th February 2009 - 05:27pm
Santos planning more Qld LNG projects
Oil and gas producer Santos Ltd has delivered a big increase in profit and is aiming to have offtake agreements in place for its LNG project in Qld this year. ...
Thu 19th February 2009 - 05:24pm
Asian Development Bank wants capital tripled- president
TOKYO AFP - The Asian Development Bank hopes to secure a three-fold capital boost in May so it can help emerging nations through the economic crisis and support environmental projects- its head said Thursday. ...
Thu 19th February 2009 - 05:20pm
Qld election speculation hurting business- Chamber of Commerce
The Queensland Chamber of Commerce and Industry says it would be better for business if Premier Anna Bligh set an election date soon. ...
Thu 19th February 2009 - 05:18pm
Super Cheap Auto Group profit up
Super Cheap Auto Group Ltd has lifted first half profit by 8.7 per cent and says the second half started well for the retailer of automotive goods. ...
Thu 19th February 2009 - 05:12pm
Lion Nathan toasts first quarter results
Brewer Lion Nathan Ltd has reaffirmed its guidance for fiscal 2009 and says the performance of its core beer business was -amp quotvery encouraging -amp quot. ...
Thu 19th February 2009 - 04:58pm
Consolidated Tin Mines Limited ASX-CSD More Significant Tin Intercepts From MT Garnet Drillin Program
Brisbane- Australia- Feb 19- 2009 - ABN Newswire - Australian tin exploration company- Consolidated Tin Mines Limited ASX-CSD is pleased to announce the latest results from its most recent drilling program at the companys Gillian and Pinnacles Projects near Mt Garnet in northern Queensland.The results are the final tin and iron assays from the Companys RC drill program which was carried out from October to December 2008. ...
Thu 19th February 2009 - 04:56pm
Demand for life cover boosts bottom line
Australians are taking out more life insurance during uncertain times- which supports the earnings of companies selling policies- says AMP. ...
Thu 19th February 2009 - 04:48pm
Mining unions urge export licences as Chinese bids continue
Mining unions are calling for the Federal Government to reintroduce an export licence system for commodities as a Chinese aluminium company moves to take a stake in Rio Tinto. ...
Thu 19th February 2009 - 04:48pm
Aussie dlr edges up on stocks awaits RBA testimony
SYDNEY- Feb 19 - The Australian dollar pulled away from recent two-week lows on Friday- drawing support from higher regional stock markets- although worries about problems facing the global banking sector capped gains. ...
Thu 19th February 2009 - 04:47pm
Slump in economy hits new vehicle sales
New vehicle sales fell in January as a slowing economy took its toll on the commercial market- where sales declined to the worst level in almost three years. ...
Thu 19th February 2009 - 04:45pm
Emergent Resources Limited ASX-EMG Drilling Results For Beyondie Iron Project Outline Important Large Magnetite Deposit
Perth- Australia- Feb 19- 2009 - ABN Newswire - Emergent Resources Limited ASX-EMG is pleased to announce excellent results from its maiden drilling program at the companys flagship Beyondie Iron Project. Emergents Managing Director- Garry Hemming- said -amp quotFor such a recently listed small-cap company this is very exciting in light of the potential to advance to large scale production. ...
Thu 19th February 2009 - 04:45pm
Causeway residents fear development upheaval
Residents of the Canberra suburb of Causeway have been assured of continued public housing in the inner south if a proposed development goes ahead. ...
Thu 19th February 2009 - 04:40pm
Aussies use govt handouts on card bills
Australians chose to use a large slice of their $8.7 billion pre-Christmas government handouts to pay their credit cards bills- new central bank figures show. ...
Thu 19th February 2009 - 04:37pm
Mining unions urge export licences as Chinese bids continue
Mining unions are calling for the Federal Government to reintroduce an export license system for commodities as a Chinese aluminium company moves to take a stake in Rio Tinto. ...
Thu 19th February 2009 - 04:33pm
Santos freezes wages to reduce costs
The energy company Santos says it has frozen wages to reduce costs and minimise the effects of the global financial crisis. ...
Thu 19th February 2009 - 04:31pm
SMEs struggling amid economic downturn
The slowdown in consumer spending hit small- to medium-sized businesses SME hard at the end of 2008- a survey shows. ...
Thu 19th February 2009 - 04:29pm
Australia shares rise 1.1 percent banks lead
SYDNEY- Feb 19 - Australian shares rose 1.1 percent on Thursday- led by bank stocks such as Westpac Banking Corp WBC as investors bet their limited exposure to overseas markets would shield them from the global financial meltdown. ...
Thu 19th February 2009 - 04:28pm
Local auto job losses to be minor- govt
Job losses in the Australian automotive sector will be -amp quotrelatively minor -amp quot compared with the struggles of other nations- Industry Minister Kim Carr says. ...
Thu 19th February 2009 - 04:21pm
Auckland Airport profit slumps 79
A revaluation in property assets has seen Auckland International Airport report a 79 per cent drop in first-half net profit. ...
Thu 19th February 2009 - 03:59pm
Aussies smashing Madoff toy makes waves in US
It may be only a small toy but its making appearances on live television and the front pages of newspapers around the world. ...
Thu 19th February 2009 - 03:44pm
Iluka profit up- but no dividends
The share price of Iluka Resources has soared after it delivered a significant increase in full year profit. ...
Thu 19th February 2009 - 03:38pm
Loss for Hutchison as market share rises
Hutchison Telecommunications Australia has reported another annual profit loss- but says its market share has increased despite tough competition. ...
Thu 19th February 2009 - 03:36pm
Australia shares up on banks GPT rebounds
SYDNEY- Feb 19 - Australian shares rose 1.2 percent on Thursday as investors bought bank stocks such as Westpac Banking Corp WBC in a vote of confidence that Australian banks can survive the global financial crisis. ...
Thu 19th February 2009 - 03:27pm
Cabcharge lifts profit by seven per cent
Taxi payment system operator Cabcharge Australia Ltd says it will continue to grow in 2008-09 after posting a 7.2 per cent rise in first half net profit. ...
Thu 19th February 2009 - 03:27pm
Aussies smashing Madoff toy makes waves in US
It may be only a small toy but its making appearances on live television and the front pages of newspapers around the world. ...
Thu 19th February 2009 - 03:27pm
ASIC asks court to postpone AWB case
The Australian Securities and Investments Commission ASIC has asked a Victorian Supreme Court judge to postpone its civil case against former AWB chief executive Andrew Lindberg. ...
Thu 19th February 2009 - 03:19pm
Aussies smashing Madoff toy makes waves in US
It may be only a small toy but its making appearances on live television and the front pages of newspapers around the world. ...
Thu 19th February 2009 - 03:18pm
Business urges bureaucracy to trim the fat
Tasmanias peak business group estimates the states bureaucracy could save up to $400 million a year without cutting jobs. ...
Thu 19th February 2009 - 03:13pm
GE Money offers exit fee sweetener
GE Money says it will waive exit fees for 12 months for those home loan borrowers wishing to refinance their home loans with Aussie Home Loans. ...
Thu 19th February 2009 - 02:52pm
Insurance premiums tipped to rise after bushfires- floods
Analysts say insurance premiums could rise by as much as 10 per cent as a result of the Victoria bushfires and Queensland floods. ...
Thu 19th February 2009 - 02:49pm
Movie successes translate into profit
Greater Union owner Amalgamated Holdings has posted a lift in first half earnings on the back of the success of films such as The Dark Knight and Mamma Mia- ...
Thu 19th February 2009 - 02:42pm
IBA Health Group Limited ASX-IBA Interview With CEO Gary Cohen on Earnings Visibility
Sydney- Australia- Feb 19- 2009 - ABN Newswire - IBA Health Group Limited ASX-IBAPINK-IBATF on Tuesday reported net profit of A $10.3 million for the first half ended December 2008- compared with a loss of A $1.1 million in the previous corresponding period. Underlying EBITDA was A $67.5 million- up from A $33.7 million on revenue of A $275.4 million- up from A $102.8 million. ...
Thu 19th February 2009 - 02:42pm
Kasbah Resources Limited ASX-KAS Exploration Update on Achmmach Tin Project
Perth- Australia- Feb 19- 2009 - ABN Newswire - Kasbah Resources Limited ASX-KAS is pleased to provide this update as to the companys progress in Morocco. The companys prime exploration focus during the quarter has been its Achmmach Tin Project and these results continue to define additional high grade- wide tin lodes within the main Meknes zone at Achmmach. ...
Thu 19th February 2009 - 02:40pm
Adelaide desal contract goes to Spanish-led consortium
A Spanish-led consortium is the successful bidder to build and maintain Adelaides desalination plant. ...
Thu 19th February 2009 - 02:37pm
January car sales slump 17pc
Official figures out today show Australian car sales continued to dwindle in January. ...
Thu 19th February 2009 - 02:26pm
Santos sets GLNG offtake targets
Oil and gas producer Santos has delivered a big increase in profit and is aiming to have offtake agreements in place for its liquefied natural gas project. ...
Thu 19th February 2009 - 01:55pm
Development and Prospect of Lingbao Gold Company Ltd HKG-3330 in China
Hong Kong- China- Feb 19- 2009 - ABN Newswire - The present article comes from the speech at the forum of 2008 China Mining Congress by Mr. Lu Xiaozhao- executive director and deputy general manager of Lingbao Gold Company Ltd. HKG-3330PINK-LGBOF. The topic is the development and prospect of the gold industry in China- mainly divided into three parts.I. ...
Thu 19th February 2009 - 01:51pm
Gunshot may be linked to unit fees dispute
The residents of a Gold Coast high-rise say a bullet that was fired into a penthouse apartment may be linked to tensions over rising body corporate fees. ...
Thu 19th February 2009 - 01:48pm
Sims shows mettle in adverse times
Sims Metal Management has posted a first half loss within its recent guidance and says there are reasons for cautious optimism in the months ahead. ...
Thu 19th February 2009 - 01:46pm
Cash handouts 'used via credit cards'
Consumers may have used last year's cash handouts to pay off debt on their credit cards- but new data suggests that most of it was quickly spent again. ...
Thu 19th February 2009 - 01:42pm
Adelaide Brighton predicts weaker demand
Cement supplier Adelaide Brighton Ltd has posted a 6.1 per cent rise in net profit for calendar 2008- but predicts weakening demand in 2009. ...
Thu 19th February 2009 - 01:33pm
Fire-hit trader welcomes govt funds
A small business owner from fire ravaged north-east Victoria says financial help on offer from the state and federal governments will get her back on her feet. ...
Thu 19th February 2009 - 01:30pm
Australian Market Report of February 19- Further Drop Ahead
Sydney- Australia- Feb 19- 2009 - ABN Newswire - Overnight Wall Street ended rather flat. Investors remained cautious although details of Obamas housing rescue plan had been released. Yesterday the Australian stocks closed lower on all sectors. The benchmark S -amp ampP-ASX200 lost 51.1 points- or 1.48 per cent- at 3-413.2- while the broader All Ordinaries dropped 45.3 points- or 1.33 per cent- to 3-366.9. The local market has fell 4. ...
Thu 19th February 2009 - 01:29pm
January car sales slump 17pc
Official figures out today show Australian car sales continued to dwindle in January. ...
Thu 19th February 2009 - 12:47pm
January car sales slump 17pc
Official figures out today show Australian car sales continued to dwindle in January. ...
Thu 19th February 2009 - 12:43pm
Aussie dollar edges higher- tension eases a touch
AUSTRALIAN CREDIT-FOREXSNAPSHOT FOREIGN EXCHANGE AT 0037 GMTagainst previous Sydney close AUD 0.6405-080.6385-88 AUDNZDR1.2510-301.2530-50 AUDJPYR 60.05-15 58 ...
Thu 19th February 2009 - 12:38pm
Questions raised over Holdens Govt grant
The Federal Opposition says the likelihood of job losses at car maker Holden raises questions about a $150 million federal grant. ...
Thu 19th February 2009 - 12:35pm
Macquarie posts six-month loss of $1.3b
Macquarie Groups infrastructure arm has posted a first-half loss after slashing the value of its toll road assets. ...
Thu 19th February 2009 - 12:30pm
Northern Mining Limited ASX-NMI Confidentiality and Exclusivity Agreement For Polish Szklary Nickel Project Signed
Perth- Australia- Feb 19- 2009 - ABN Newswire - Northern Mining Limited ASX-NMI wishes to advise that it has today signed a Confidentiality and Exclusivity Agreement with a major- multinational mining company- enabling a period of due diligence to consider whether the mining company may wish to make an offer to NMI to acquire the Szklary Nickel Project in Poland. ...
Thu 19th February 2009 - 12:29pm
Australia shares up as banks lead BHP slips
SYDNEY- Feb 19 - Australian shares rose 1.3 percent on Thursday as investors bought bank stocks such as Westpac Banking Corp WBC in a vote of confidence that Australian banks can survive the global financial crisis. ...
Thu 19th February 2009 - 12:28pm
Credit- charge card transactions up
The total value of credit and charge card transactions- including advances- rose in December- new figures show. ...
Thu 19th February 2009 - 12:27pm
North Queensland Metals Limited ASX-NQM Impact Of Extreme Wet Season On Production Has Been Assessed
Brisbane- Australia- Feb 19- 2009 - ABN Newswire - In the interests of keeping investors informed- North Queensland Metals Limited ASX-NQM is providing this progress report on the impact of the extreme seasonal rain on production at NQMs 60 owned Pajingo Gold Mine The Townsville - Charters Towers region has been in the grip of one of the wettest seasons on record- and the impact on the Pajingo mine has now been assessed. ...
Thu 19th February 2009 - 12:25pm
Bank of Qld expects higher profit
Bank of Queensland expects its first half normalised cash net profit to be at least 25 per cent higher than its previous result. ...
Thu 19th February 2009 - 12:17pm
Questions raised over Holdens Govt grant
The Federal Opposition says the likelihood of job losses at car maker Holden raises questions about a $150 million federal grant. ...
Thu 19th February 2009 - 12:13pm
Business group shrugs off election talk
The timing of the Queensland election this year is not an issue for business- according to the Australian Industry Group. ...
Thu 19th February 2009 - 12:10pm
Midday Market Roundup 19-02-09
The market is up 47 outperforming the 19 point fall predicted by the SFE Futures this morning. All sectors up. Strong performance given the lacklustre response to Obamas mortgage recovery plan overnight and the abominable economic news globally.The Dow was up 3. Up 65 at best. Down 73 at worst. Only consumer staples and technology stocks up. Housing Finance and Building permits numbers at record lows. FOMC minutes saw the Fed lower GDP forecasts. Some had hoped they would signal some economic improvement in January but it hasnt happened. Obama released his much anticipated mortgage relief plan with little impact on the markets. Gathering concerns about European banks having to have massive bailouts with exposures to Eastern Europe. US financials at a 14 year low. BHP down 0.59 in ADR form. RIO up 4.55 in ADR form. Metals mixed. Oil down 0.8. Bonds down- A $ up. Gold up yet again...can do no wrong.Suggestions of a renewed bid for RIO from BHP may overhang the BHP share price. Hence the strength in RIO overnight and the weakness in BHP. If Chinalco get 18 of RIO BHP will be shut out- they have a window of opportunity that will close after a RIO shareholders vote in May- so maybe they are thinking about trying something. They cant bid until end November - but the suggestion is that they will instead offer to buy Escondida and other assets and offer to do what Chinalco is doing - which puts pressure on BHP B-S and lifts debt worries at RIO. More palatable for Wayne Swan and maybe for RIO shareholders. Ever since BHP pulled out of the bid for RIO- BHP has been sitting at a huge premium to RIO compared to the historic average. That gap is narrowing daily as people reverse the switch out of RIO and into BHP.Ten Network getting thumped down 17 to 77c after it abandoned its plans to sell 120m shares at a minimum of 75c after a lack of demand for the shares in what they call difficult conditions.Financials up 1.4 - banks up despite a weak US financial sector 14 year low. WBCs positive trading update yesterday helps. City Pacific up 32 on confirming an extension of finance facilities. Bank of Queensland up 7 on announcing normalized NPAT for 1H09 up 25 in a trading update.Property up 2.3 after yesterdays falls - Stockland up 6.5 just before midday on no news. The stock is close to a 16 year low. Westfield up 2.0.Lion Nathan LNN up a touch on a reasonable trading update which confirms earnings guidance.Fortescue Metals up another 24c to 323c as they confirm talks about a strategic investment thought to be worth $500m initially and backed by The China Investment Corp. -amp 160St Barbara Mines SBM are conducting a private placement to sophisticated investors raising $70-75m... the placement is specifically directed at paying off a convertible reducing financing costs. The stock is in a trading halt whilst they do the placement probably come back on Monday.The Dow Jones futures suggest a 7 point rise on Wall Street tonight.RESULTS -amp 160AMP AMP - Profit down 41 to $581m v $985m with in-line with guidance from a week ago but ahead of consensus for $509m.Santos STO - Good results ahead of guidance - Underlying profit of $571.6m versus consensus of $534m. Higher asset impairment charges than expected at $139m but not that big a deal.Lihir LGL - Results in line. Bit weaker than some expected. $109.3m underlying v loss of $24m but includes a $60m loss on hedges inherited from the Equigold acquisition. Lihir itself is unhedged.Iluka ILU - Up 9 early on results in line with guidance. NPAT up 52 to $77.5m from $51.1m. Excluding significant items profit was $61.7m compared to guidance of $60m in December. Sales up 10. No dividend. The stock is flying as the management suggest they are at some sort of transition point - -amp quotThe minerals sands performance is improving- we have got a strong balance sheet such that we have room- in my view- for capital management options to emerge in the future -amp quot.AdelaideBrighton Cement ABC - NPAT up 6.1 to $120.8m against guidance of $118m to $123m made in November. Cement volumes up 9 versus guidance of 5-8. Sales up 15.Healthscope HSP - posted in-line 1H NPAT double that of last year at $38.4m - profit up 9 before non-recurring items. Strong revenue growth across all hospitals and pathology. Interim dividend of 10.5c.ING Office Fund IOF - reported a $445.7m net loss for its 1H09 from a $140.4m net profit a year earlier. Good result with core NPAT above expectations.Kingsgate Consolidated KCN - Loss of $11.9mm against forecasts for a loss of $14m. Results were after hours last night.Spotless Group SPT posted a 34 jump in 1H NPAT to $17.4m. NPAT below some broker forecasts. Remains on the hunt for acquisition opportunities. Interim dividend of 5c - down 52.Cabcharge CAB posted solid 1H09 revenue of $90.7m with 1H09 NPAT of $32.2m with an interim dividend of 17c - cautiously optimistic. Result slightly above most expectations.Australian Infrastructure Fund AIX posted 1H09 NPAT down 18 to $114.2m. Revenue down 11 to $142.9m. Melbourne airport stronger than expected lifting result above Goldman Sachs JB Weres expectations. Unchanged dividend of 9c.Macquarie Infrastructure Group MIG - No surprises - posted a $1.27bn loss in the 1H09 - down from a $1.03bn profit a year ago. Had already announced an unchanged 10c distribution.Sims Metal Management SGM post 1H EBITDA up 3 at $254.1m - net loss was in-line with expectations. Strong cash flows and modest debt on the balance sheet. No specific guidance.Information provided to you by Marcus Today ...
Thu 19th February 2009 - 11:59am
Super Cheap Auto Group profit up
Super Cheap Auto Group Ltd has lifted first half profit by 8.7 per cent and says the second half started well for the retailer of automotive goods. ...
Thu 19th February 2009 - 11:56am
Spanish team wins Adelaide desal contract
A Spanish-led consortium is the successful bidder to build and maintain Adelaides desalination plant. ...
Thu 19th February 2009 - 11:53am
Australia shares rise 1.6 pct banks lead
SYDNEY- Feb 19 - Australian shares rose 1.4 percent on Thursday- reversing earlier losses as investors bought bank stocks such as Westpac Banking Corp WBC as a vote of confidence Australian banks can survive the global financial crisis. ...
Thu 19th February 2009 - 11:48am
Cabcharge lifts profit by seven per cent
Taxi payment system operator Cabcharge Australia Ltd says it will continue to grow in 2008-09 after posting a 7.2 per cent rise in first half net profit. ...
Thu 19th February 2009 - 11:47am
-amp 39Flawed govt bailout caused Holden woes'
Opposition Leader Malcolm Turnbull says the threat of job losses at GM Holden is in part a consequence of the government's flawed car industry bailout package. ...
Thu 19th February 2009 - 11:47am
Spanish team wins Adelaide desal contract
A Spanish-led consortium is the successful bidder to build Adelaides desalination plant. ...
Thu 19th February 2009 - 11:47am
Ten Network shares dive more than 20
Shares in Ten Network Holdings plunged over 20 per cent in early trade after the broadcaster canned its proposed $90 million capital raising. ...
Thu 19th February 2009 - 11:29am
Santos announces 359pc profit increase
Oil and gas producer Santos has announced a record $1.7 billion profit for 2008- an increase of 359 per cent. ...
Thu 19th February 2009 - 11:29am
AMP net profit down 41 per cent
AMP has posted a 41 per cent fall in annual net profit and says it is continuing to manage its costs as it prepares for ongoing volatility in financial markets. ...
Thu 19th February 2009 - 11:28am
Super Cheap Auto Group profit up
Super Cheap Auto Group Ltd has lifted first half profit by 8.7 per cent and says the second half started well for the retailer of automotive goods. ...
Thu 19th February 2009 - 11:23am
SMEs struggling amid economic downturn
The slowdown in consumer spending hit small-to-medium sized businesses hard at the end of 2008- a survey has found. ...
Thu 19th February 2009 - 11:22am
Sims posts loss in line with guidance
Sims Metal Management has posted a net loss of $79.4 million in line with a recent profit warning and says it will emerge stronger from the economic downturn. ...
Thu 19th February 2009 - 11:18am
Market recovers after shaky opening
The Australian sharemarket has recovered after opening about 0.5 per cent lower this morning. ...
Thu 19th February 2009 - 11:16am
Questions raised over Holdens Govt grant
The Federal Opposition says the likelihood of job losses at car maker Holden raises questions about a $150 million Federal Government grant. ...
Thu 19th February 2009 - 11:10am
Ten shares dive over 20 per cent
Shares in Ten Network Holdings plunged over 20 per cent in early trade after the broadcaster canned its proposed $90 million capital raising. ...
Thu 19th February 2009 - 10:58am
Lion Nathan reaffirms positive guidance
Brewer Lion Nathan has reaffirmed its guidance for fiscal 2009 and said the performance from its core beer business was -amp quotvery encouraging -amp quot in the first quarter. ...
Thu 19th February 2009 - 10:47am
Downturn bites in hospitality
The global economic crisis has started to affect employment and investment in Tasmanias hospitality industry. ...
Thu 19th February 2009 - 10:37am
Beach Petroleum Limited ASX-BPT Weekly Drilling Report 2009-02-18
Adelaide- Australia- Feb 19- 2009 - ABN Newswire - Beach Petroleum Limited ASX-BPTPINK-BEPTF announce the drilling report for the week ending 18 February 2009.The drilling report and well location map for the week ending 18 February- 2009 are attached. Highlights of the weeks activities include-Beach Petroleum Operated Cooper - Eromanga ExplorationPerlubie-1 has been cased and suspended for completion as a future oil producer. ...
Thu 19th February 2009 - 10:32am
Australia shares slip 0.2 pct BHP falls
SYDNEY- Feb 19 - Australian shares fell 0.2 percent on Thursday as investors shied away from commodity firms such as BHP Billiton BHP on worries commodity demand will slump further as a global recession drags on. ...
Thu 19th February 2009 - 10:27am
Report outlines SA industry opportunities
A report has found South Australias manufacturing sector needs a boost in research and development funding. ...
Thu 19th February 2009 - 10:23am
Santos 'well set in current climate'
Oil and gas producer Santos Ltd has delivered a significant increase in profit and says the company is well placed amid the global economic crisis. ...
Thu 19th February 2009 - 10:21am
Pike River Coal Limited NZE-PRC Ventilation Shaft Rock Fall Being Remedied
Auckland- New Zealand- Feb 19- 2009 - ABN Newswire - Pike River Coal Limited NZE-PRC new 108 metre ventilation shaft has suffered a rock fall affecting a 30-metre zone near the bottom of the shaft. Remedial activities are underway.Following the successful raise boring of the ventilation shaft in January 2009- the construction contractor commenced at the surface to bolt and mesh the walls of the shaft working down towards the coal seam. ...
Thu 19th February 2009 - 10:19am
Carbon Energy Limited ASX-CNX Government Policy Delivers Certainty of Tenure
Brisbane- Australia- Feb 19- 2009 - ABN Newswire - Carbon Energy Limited ASX-CNXPINK-CNXAF The Queensland Government yesterday announced a new policy in relation to overlapping tenements between Underground Coal Gasification UCG and Coal Seam Gas CSG producers that clarifies the issue of priority access to resources and provides a clear pathway for all parties to move to production. ...
Thu 19th February 2009 - 10:15am
Lion Nathan reaffirms positive guidance
Brewer Lion Nathan has reaffirmed its guidance for fiscal 2009 and said the performance from its core beer business was -amp quotvery encouraging -amp quot in the first quarter. ...
Thu 19th February 2009 - 09:59am
Adelaide Brighton net profit up 6.1
Cement supplier Adelaide Brighton Ltd has posted a 6.1 per cent rise in net profit for calendar 2008- but predicts weakening demand in 2009. ...
Thu 19th February 2009 - 09:56am
British PM urges 'grand bargain' at G20
British Prime Minister Gordon Brown has called for a -amp quotgrand bargain -amp quot between national leaders to help the global economy out of a marked slowdown. ...
Thu 19th February 2009 - 09:49am
Withdrawals mount at Stanfords Antigua bank
ST JOHNS- Antigua and Barbuda AFP - Hundreds of people queued up Wednesday at the Bank of Antigua to withdraw funds- as fraud charges against its owner- Texas billionaire and cricket promoter Allen Stanford- shocked the Caribbean island. ...
Thu 19th February 2009 - 09:48am
Worlds best job servers overloaded as applications flood in
Additional computers are being brought in to process applications for what has has been dubbed the best job in the world. ...
Thu 19th February 2009 - 09:45am
AMP net profit down 41 per cent
AMP has posted a 41 per cent fall in annual net profit and says it is continuing to manage its costs as it prepares for ongoing volatility in financial markets. ...
Thu 19th February 2009 - 09:43am
Aussie mired near lows bonds fall on supply worry
SYDNEY- Feb 19 - The Australian dollar AUD traded just off two-week lows on Thursday- dogged by mounting worries that the problems in the global banking sector were spreading- forcing investors to stay wary of riskier assets. ...
Thu 19th February 2009 - 09:41am
Lihir Gold profit in the black
Lihir Gold has reported an annual profit of $A171 million and expects a further improvement in 2009. ...
Thu 19th February 2009 - 09:40am
Santos 'well set in current climate'
Oil and gas producer Santos Ltd has delivered a significant increase in profit and says the company is well placed amid the global economic crisis. ...
Thu 19th February 2009 - 09:39am
US inflation risks at bay amid global slump- Bernanke
WASHINGTON AFP - Federal Reserve chairman Ben Bernanke said Wednesday that there was -amp quotlittle risk -amp quot of inflation risks to the US economy in the near future despite the central banks massive efforts to ease credit. ...
Thu 19th February 2009 - 09:25am
AMP net profit fell 41pc in 2008
Wealth management company AMP has announced a 41 per cent drop in annual profit and says it will cut its dividend. ...
Thu 19th February 2009 - 09:24am
AMP profit fell 8pc in 2008
Wealth management company AMP has posted an 8 per cent fall in underlying profit for 2008 and says it will cut its dividend. ...
Thu 19th February 2009 - 09:23am
Iluka profit up- but no dividends
Iluka Resources Ltd- the world's biggest zircon producer- has delivered a significant increase in full year profit but will not pay a dividend. ...
Thu 19th February 2009 - 09:10am
Holden facing tough decisions for SA plant
Amid news of global cuts by GM- Holden says it will face some tough decisions about its car plant at Elizabeth in northern Adelaide. ...
Thu 19th February 2009 - 09:10am
Woodsides Full Steam Ahead Spending
Woodside confirmed market rumors that it needs more than $2.5 billion in new capital to maintain its ambitious expansion plan after it reported a 55 rise in 2008 earnings.-Market analysts have been speculating for a month that given the plunge in oil prices around the world and the drop in demand- Woodside could need a lot more money to keep momentum on its expansion plans- especially offshore northern Western Australia- on track.Woodside reported net profit before one-off items was $1.83 billion in 2008- below analysts expectations of $1.99 billion.Reported net profit- which includes significant items- jumped 73 from a year ago to a record $1.79 billion. Source -amp quotDuring the last quarter of 2008- profit was adversely impacted by weakening commodity prices and the AUD- USD exchange rate. -amp quotForeign exchange rate losses of $235 million were recognized- largely due to the revaluation of US dollar net liabilities after taking into account the Hedge of Net Investment. -amp quotAlthough the 2008 reported net profit after tax NPAT of $1-786 million was reduced by significant items of $46 million after tax- the reported profit was 73 higher than 2007. -amp quotThe largest amount in the 2008 significant items was a write-down resulting from the suspension of the offshore California Ocean Way LNG proposal- in response to an adverse change in US energy market conditions. -amp quotBy comparison- the 2007 reported profit had been reduced by a larger amount of significant items. -amp quotBefore significant items- the underlying profit for 2008 was $1-832 million up 55 compared to $1-182 million in 2007- -amp quot the company said in its report to the ASX. -amp quotWoodside said it achieved record revenue of almost $6.0 billion in 2008. -amp quotThe 56 increase in sales revenue resulted from higher production and commodity prices. -amp quotHowever- the effects of global economic turmoil were observed in the second-half of 2008- resulting in a reduction in average realized oil price from Q3 2008 A $135.37-bbl to Q4 2008 A $72.59-bbl. -amp quotDespite record production in the year- the company said proved reserves grew by 101 Mamboed to 1-328 Mamboed. -amp quotWoodsides proved plus probable reserves increased by 15 Mamboed to 1-703 Mamboed and provided a 3 year average organic reserves replacement ratio of 318. -amp 160 -amp quotThis was largely due to new bookings and upward field revisions for Pluto-Xenia and NWS oil. -amp quotAt 2008 production levels- the reserves-to-production ratio is 17 years for Proved reserves and 22 years for Proved plus Probable reserves. -amp quotIf all the contingent resources were commercialized and considered with reserves- 2008 production levels could be maintained for 46 years. -amp quotWoodside said that after signing loan agreements totaling US $1.5 billion last June with a number of banks- it had undrawn debt facilities of US $1.05 billion at December 31. -amp quotSince year end- Woodside reached agreements with a number of domestic and international banks to enter into additional debt facilities for US $800 million. Further debt facilities are under consideration. -amp quotWoodside expects its additional external funding requirement for the remainder of 2009- assuming prevailing forward pricing for oil and AUD- USD exchange rates- to be on the order of US $1.0 billion to US $1.7 billion. -amp quotIn addition it said it may sell some assets and will take on more debt to help fund its expansion in liquefied natural gas in northern WA waters.The assets under review are -amp quotnon-core -amp quot and are outside the companys LNG-focused regions of Western Australia and the Timor Sea.CEO Don Volte said last November the company was planning a 33 boost in cape in 2009 to $A7.3 billion- mostly because of the construction of the Pluto LNG project in Western Australia.As revealed in the 2008 product report last month- annual output last year was 81.3 million barrels of oil equivalent mamboed- up 15 on 70.6 mamboed in 2007.Woodside says its still aiming at 81-86 mamboed in 2009.Woodside said its 2008 profit was helped by full-year of production at Otway and Sty barrow- the start-up of Angel- North West Shelf NWS Train 5- Vincent- Neptune and Power Play plus increased equity in the NWS oil assets. -amp quotThese positives were partially offset by increased production costs- increased royalties and excise and depreciation charges. -amp quotThe firm announced an unchanged final dividend of 55c- making $1.35 for the year $1.04 in 2007. It is retaining its dividend reinvestment program to help fund the current expansion plans.Woodside shares rose $1.10 to $33.50 -amp 160 ...
Thu 19th February 2009 - 08:59am
CSL Aiming For $1 Billion Net Profit
Australias international pharmaceutical giant- CSL has been one of the better performing shares so far in 2009- they are up around 20 and over the past 12 months- they are up 15 while the rest of the market has fallen the best part of 40 and more at times.Its one of the premier pharma companies globally- according to Bloomberg- the MSCI Global World Health Care Index of 115 companies is off 22 in the past year.Its earnings continue to grow strongly- dividends are rising- its getting a turbo charge from the plunge in the value of the Australian dollar- and it has a couple of major sellers- one being Gardasil- the lucrative vaccine against cervical caner.So its no wonder that its enjoyed a bit of a run up in the lead up to yesterdays interim- the shares are up more than 10 in the past month- from just under $33 each to close to $37.60 earlier in the week.So when it reported a solid 44 rise in first half earnings to just under $502 billion- it was natural that investors would take their recent profits.The shares ended down nearly 3 at $36.35 after trading as high as $37.23 and as low as $35.66.CSL said the profit -amp quotincluded a foreign currency benefit of $26 million and a number of favourable non-operational items totalling $44 million in net profit after tax which also boosted the result. -amp quotAdjusting for currency and the items above- underlying profit growth was 24. -amp quotTotal revenue of $2.35 billion- was 25 above that in the first half of the 2008 financial year- royalties from Gardasil the Human Papillomavirus Vaccine HPV totalled $82 million research and development investment amounted to $153 million operating cash flow was up 52 to $445 million earnings per share rose 35 to 85.4c and the interim dividend was up 30 to 30c per share.CEO Brian McNamee raised the full-year profit forecast after the US dollar and euro strengthened against the Australian currency.CSL now expects full-year profit of $1.02 billion to $1.06 billion- compared with the forecast he gave in October of $935 million to $1.01 billion. -amp 160The increase is mainly due to currency rates as the value of the Australian dollar has fallen against the US currency and the euro.The US currency averaged 77.9c per Australian dollar in July to December- 11 more than a year earlier the euro averaged 55c per Aussie- 125 above the same period in 2007.He said the company was -amp quothopeful -amp quot US regulators will approve the $US3.1 billion offer to buy Talecris Biotherapeutics Holdings Corp. by June. Talecris is a plasma fractionator- or a processor of blood which breaks it down into the various products for sale to hospitals- doctors and other end users. -amp quotTo date there has been little to no impact on our sales arising from the global financial crisis- -amp quot Mr McNamee said in the statement. -amp quotThis is consistent with a product portfolio of life saving therapies and essential vaccines. -amp 160 -amp quotHowever- we remain vigilant as the situation develops. Potential risks to our outlook include pressures on healthcare spend- debtors risk- foreign exchange volatility and ongoing access to long term debt. -amp quotHowever- in this difficult economic environment- we anticipate broadly stable market conditions for CSLs group of businesses. -amp quotResearch and Development spend of $153 million in the first half is expected to be similar in the second half with total spend for the year between $300 million to $310 million on a reported currency basis. -amp quotFor the 2008-09 fiscal year we expect a net profit after tax figure of between $1.02 billion and $1.06 billion. -amp 160 -amp quotUsing fiscal year 2007-08 constant currency and excluding the benefit of a number of non operational items this equates to $810 million to $850 million- consistent with guidance at the companys Annual General Meeting in October last year. -amp quotWe continue to believe the result will be toward the high end of this guidance- despite additional research and development investment and a reduction in expectations for GARDASIL® royalties- -amp quot Dr McNamee said.The 25 rise in revenue in the half came from increased demand and higher prices for products such as Privigen- introduced in the US a year ago. CSL is Number two globally in blood plasma products behind Baxter International Inc. of the US.Privigen- also known as liquid intravenous immunoglobulin- or IVIG- gives patients with compromised immune systems a large dose of antibodies to ward off infections- and increases the component of blood that stems bleeding in patients with a platelet-destroying disorder. -amp 160 ...
Thu 19th February 2009 - 08:57am
Australia shares seen down on lower oil- earnings eyed
A dour outlook for the U.S. housing market is also expected to weigh down on building products maker James Hardie Industries N.V. JHX- while Insurance Australia Group Ltd IAG could be a focus after it raised A $450 million $287 million through a share placement. ID-nSYD439776. ...
Thu 19th February 2009 - 08:39am
Auckland Airport profit slumps 79
A revaluation in property assets has seen Auckland International Airport report a 79 per cent drop in first-half net profit. ...
Thu 19th February 2009 - 08:35am
BoE seeks more authority to create money
The Bank of England says it has sought approval from the government to create new money in a bid to kick start the British economy. ...
Thu 19th February 2009 - 08:18am
Harbour spectacle- cruise giants glide into Sydney
A week of Harbour spectacles begins for Sydneysiders this morning with the arrival of the cruise ship- the Queen Victoria. ...
Thu 19th February 2009 - 08:14am
Economic crisis needs more action- Brown
British Prime Minister Gordon Brown says world leaders must agree to take more action to underpin the global economy and fix the financial system when they meet in two months. ...
Thu 19th February 2009 - 07:50am
Worlds best job servers overloaded as applications flood in
Additional computers are being brought in to process applications for what has has been dubbed the best job in the world. ...
Thu 19th February 2009 - 07:45am
SA trade focus on Vietnam- Chile
South Australia will set up two new international trade offices. ...
Thu 19th February 2009 - 07:18am
British PM urges 'grand bargain' at G20
British Prime Minister Gordon Brown has called for a -amp quotgrand bargain -amp quot between national leaders to help the global economy out of a marked slowdown. ...
Thu 19th February 2009 - 07:13am
Obama unveils housing bailout plan
US President Barack Obama will spend up to $430 billion to help stem a wave of home foreclosures in America. ...
Thu 19th February 2009 - 06:37am
Holden viable despite job cuts- Govt
The Federal Government says there will be job losses at Holden in Australia- but it is confident the car company will remain viable. ...
Thu 19th February 2009 - 06:32am
US inflation risks at bay amid global slump- Bernanke
WASHINGTON AFP - Federal Reserve chairman Ben Bernanke said Wednesday that there was -amp quotlittle risk -amp quot of inflation risks to the US economy in the near future despite the central banks massive efforts to ease credit. ...
Thu 19th February 2009 - 06:26am
World stocks slide on economy fears
World stock markets fell on Wednesday as a vast stimulus package for the US economy failed to move investors and more grim indicators piled up for banks. ...
Thu 19th February 2009 - 05:48am
E Europe currency moves a worry- EU Commission
BRUSSELS AFP - The European Commission said Wednesday it was -amp quotconcerned by the volatility -amp quot of the currencies of some eastern European EU nations- several of which have fallen sharply in recent days amid fears of capital flight. ...
Thu 19th February 2009 - 04:54am
US tire giant Goodyear to slash 5-000 jobs
WASHINGTON AFP - US tire maker Goodyear Tire and Rubber said Wednesday it would slash 5-000 jobs and freeze salaries this year- after swinging into fourth-quarter and full-year losses. ...
Thu 19th February 2009 - 04:29am
Saab speeds towards abyss
STOCKHOLM- Feb 18- 2009 AFP - The future of Swedens Saab Automobile looked more uncertain than ever Wednesday after it was abandoned by US carmaker General Motors and the Swedish government refused to come to its rescue- despite impending bankruptcy. ...
Thu 19th February 2009 - 04:23am
Volkswagen gets state backing to refinance car loans
FRANKFURT AFP - The finance unit of German car giant Volkswagen said Wednesday it had received up to two billion euros 2.5 billion dollars in state guarantees for refinancing car loans. ...
Thu 19th February 2009 - 04:19am
Sarkozy promises billions for French households
PARIS AFP - French President Nicolas Sarkozy on Wednesday unveiled proposals for tax breaks and social benefits worth up to 2.65 billion euros 3.3 billion dollars to help families cope with the economic crisis. ...
Thu 19th February 2009 - 02:48am
British PM calls for grand bargain at G20 summit
LONDON AFP - British Prime Minister Gordon Brown called Wednesday for a -amp quotgrand bargain -amp quot between national leaders to help the global economy out of a marked slowdown- as he set out plans for the April G20 summit. ...
Thu 19th February 2009 - 02:39am
Holden to remain viable- says GM report
Local car maker Holden will remain viable and make a positive contribution to the global recovery of auto giant General Motors- a US government report says. ...
Thu 19th February 2009 - 02:32am
US Treasury doubles aid to Fannie Mae- Freddie Mac
WASHINGTON AFP - The US Treasury Department said Wednesday it was doubling its financial support to troubled mortgage finance giants Fannie Mae and Freddie Mac- to 200 billion dollars each- in an effort to stabilize the real estate sector. ...
Thu 19th February 2009 - 01:41am
Holden viable despite job cuts- Govt
The Federal Government says there will be job losses at Holden in Australia- but it is confident the car company will remain viable. ...
Thu 19th February 2009 - 01:22am
Holdens future in Australia secure- despite job cuts- Govt
The Federal Government says while there will be job losses at Holden in Australia- it is confident the car company will remain viable. ...
Thu 19th February 2009 - 12:59am
US housing starts- permits plunge to new record lows
WASHINGTON AFP - US housing starts and building permits plunged again in January to new record lows amid the deepening recession- government data showed Wednesday. ...
Thu 19th February 2009 - 12:51am
Holdens future in Australia secure- despite job cuts- Govt
The Federal Government says while there will be job losses at Holden in Australia- it is confident the car company will remain viable. ...
Thu 19th February 2009 - 12:50am
Holdens future in Australia secure- despite job cuts- Govt
The Federal Government says while there will be job losses at Holden in Australia- it is confident the car company will remain viable. ...
Thu 19th February 2009 - 12:34am
Goodyear to slash 5-000 jobs
WASHINGTON AFP - US tire giant Goodyear Tire and Rubber announced plans Wednesday to cut 5-000 more jobs and to freeze salaries in 2009 after a fourth-quarter loss of 330 million dollars. ...
Thu 19th February 2009 - 12:11am
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