Lloyds profits fall 75pc in 2008
In Britain- Lloyds Banking Group has announced a 75 per cent slump in its net profit for 2008 and is forecasting a loss for this year. ...
Fri 27th February 2009 - 11:49pm
US govt to take 40 stake in Citigroup
Citigroup says it has reached a deal that will give the US government up to a 40 per cent stake in the struggling bank. ...
Fri 27th February 2009 - 11:48pm
US govt to take 40 stake in Citigroup
Citigroup says it has reached a deal that will give the US government up to a 40 per cent stake in the struggling bank. ...
Fri 27th February 2009 - 11:41pm
Aussie companies to do it easier in Asia
Australian companies will have greater access to Asia after Trade Minister Simon Crean signs off on a trade pact with south-east Asian nations. ...
Fri 27th February 2009 - 09:42pm
Crean seals Aust- NZ ASEAN deal
Trade Minister Simon Crean has signed a deal that will link Australia and New Zealand with the 10 members of the Association of Southeast Asian Nations. ...
Fri 27th February 2009 - 09:18pm
Crean set to seal Aust- NZ ASEAN deal
Trade Minister Simon Crean is about to sign a deal that will link Australia and New Zealand with the 10 members of the Association of Southeast Asian Nations. ...
Fri 27th February 2009 - 08:44pm
US registers 667-000 new jobless claims
New jobless claims rose more than expected last week and the number of Americans continuing to receive unemployment benefits has topped 5.1 million. ...
Fri 27th February 2009 - 08:20pm
China shows signs of recovery- official
China's economy is showing signs of recovering even though the impacts of the global crisis are still being felt- a senior planning official says. ...
Fri 27th February 2009 - 08:19pm
German jobless rate up to 8.5 in Feb
Germany's unemployment rate climbed at a slower pace in February than the previous month- but economists have warned that a long rise lies ahead. ...
Fri 27th February 2009 - 08:18pm
Slump hits Japan's factories- workers
Japan's factory output has dived- car production has plunged and more workers are hitting the streets- data showed on Friday. ...
Fri 27th February 2009 - 08:16pm
Crown 'holding up' despite writedowns
Gaming firm Crown says its Australian casino operations are so far holding up against the downturn and it will hang on to its North American and UK assets. ...
Fri 27th February 2009 - 08:10pm
Iraq economy must not depend on oil- PM
Iraq's prime minister is urging an end to his country's dependence on oil and gas as the country's sole source of revenue. ...
Fri 27th February 2009 - 07:57pm
UK's Lloyds faces staggering $24b loss
Britain's Lloyds Banking Group says its HBOS operations made a pre-tax loss of STG10.8 billion $A23.77 billion last year. ...
Fri 27th February 2009 - 07:47pm
Carr urges Pacific Brands to retain local jobs
Federal Industry Minister Kim Carr says he has asked Pacific Brands to see if it can maintain jobs in Australia. ...
Fri 27th February 2009 - 07:34pm
Slump hits Japan's factories- workers
Japan's factory output has dived- car production has plunged and more workers are hitting the streets- data showed on Friday. ...
Fri 27th February 2009 - 07:25pm
QBE sees hope in possible acquisitions
QBE Insurance Group has cut its forecast for premium revenue growth and warned that calendar 2009 will be a tough year. ...
Fri 27th February 2009 - 06:59pm
Harvey Norman reports rare profit fall
Electronics and furniture retailer Harvey Norman Holdings has delivered a rare profit fall and warns trading conditions remain challenging. ...
Fri 27th February 2009 - 06:53pm
WAN circulation rises in Jan- Feb
The publisher of Western Australia's main daily newspaper says circulation improved during January and February under new management. ...
Fri 27th February 2009 - 06:52pm
Winemakers predict 20 drop in harvest
Australian wine producers predict a 20 per cent drop in this year's harvest due to devastating crop damage from the heatwave in Victoria and South Australia ...
Fri 27th February 2009 - 06:46pm
Sony president to step down in April
Japan's Sony Corp says its president Ryoji Chubachi will step down in April and Howard Stringer will take over his position while also staying on as chairman. ...
Fri 27th February 2009 - 06:41pm
Govts Fair Work Bill attracts Senate criticism
The Federal Opposition says a Senate inquiry into the Governments proposed workplace relations laws has raised concerns the changes will lead to job losses. ...
Fri 27th February 2009 - 06:39pm
Debit cards gain in popularity- survey
The growing use of credit card surcharges and a reluctance to accumulate too much debt have pushed consumers towards debit cards- a survey has found. ...
Fri 27th February 2009 - 06:32pm
Credit demand could leave rates on hold- economist
An economist says the latest private credit figures may mount a case for the Reserve Bank to leave interest rates on hold next month. ...
Fri 27th February 2009 - 06:32pm
China shows signs of recovery- official
China's economy is showing signs of recovering even though the impacts of the global crisis are still being felt- a senior planning official says. ...
Fri 27th February 2009 - 06:31pm
Downer EDI maintains guidance
Infrastructure and engineering company Downer EDI has maintained its forecast of double-digit profit growth- saying demand remains sound. ...
Fri 27th February 2009 - 06:30pm
Toy seller Funtastic posts annual loss
Toy wholesaler Funtastic Ltd says its earnings for calendar 2008 were hit by the financial crisis and loss of ABC Learning business. ...
Fri 27th February 2009 - 06:29pm
Credit demand could leave rates on hold- economist
An economist says the latest private credit figures may mount a case for the Reserve Bank to leave interest rates on hold next month. ...
Fri 27th February 2009 - 06:26pm
Credit demand could leave rates on hold- economist
An economist says the latest private credit figures may mount a case for the Reserve Bank to leave interest rates on hold next month. ...
Fri 27th February 2009 - 06:14pm
QBE sees hope in possible acquisitions
QBE Insurance Group has cut its forecast for premium revenue growth and warned that calendar 2009 will be a tough year. ...
Fri 27th February 2009 - 05:57pm
Market closes flat after slippery day
The Australian share market has closed flat after moving in and out of the red through the day. ...
Fri 27th February 2009 - 05:50pm
Connex met obligations on Oaks Day- watchdog finds
An investigation has found Connex acted appropriately during a major rail problem during last years Spring Racing Carnival. ...
Fri 27th February 2009 - 05:47pm
Consolidated Media sees testing times
James Packer's Consolidated Media Holdings has posted a huge first half profit slump but says it's well positioned for a testing second half. ...
Fri 27th February 2009 - 05:46pm
Gloucester shares surge on takeover bid
Gloucester Coal shares surged 26 per cent after its largest shareholder Noble Group launched a $310 million takeover in a bid to trump Whitehaven Coal. ...
Fri 27th February 2009 - 05:46pm
Fairfax in $684m raising as CFO departs
Fairfax Media has launched a $684 million capital raising to help pay down debt- and announced the departure of its chief financial officer. ...
Fri 27th February 2009 - 05:43pm
Union slams Telstra call centre closures
A major union has condemned Telstras decision to close four call centres- leaving 366 people out of work. ...
Fri 27th February 2009 - 05:38pm
PaperlinX expects demand to return
PaperlinX says it expects demand to improve next year after lower volumes and the sale of its Australian Paper business saw it post a $560 million H1 loss. ...
Fri 27th February 2009 - 05:34pm
Engineering company plans 150 new jobs
A Perth-based engineering company has announced plans to create up to 150 jobs in Bendigo- in central Victoria. ...
Fri 27th February 2009 - 05:34pm
OZ Minerals wins time to refinance debt
Takeover target OZ Minerals has been granted a four-week extension to refinance its debt and says it is close to finalising two asset sales to foreign entities. ...
Fri 27th February 2009 - 05:32pm
Buoyant Woolworths posts 10 profit rise
Woolworths has generated a 10.3 per cent rise in first half profit and plans to take on another 7-000 workers as its pushes toward a stronger annual result. ...
Fri 27th February 2009 - 05:22pm
GPT 'well advanced' with asset sale
GPT Group says the property trust is well advanced with an asset sale program- after reporting a $3.25 billion annual net loss amid. ...
Fri 27th February 2009 - 05:21pm
Testing times ahead for Packer's CMH
James Packer's Consolidated Media Holdings has posted a huge first half profit slump but says it's well positioned for a testing second half. ...
Fri 27th February 2009 - 05:21pm
Crown 'holding up' despite writedowns
Gaming firm Crown says its Australian casino operations are so far holding up against the downturn and it will hang on to its North American and UK assets. ...
Fri 27th February 2009 - 05:16pm
Australians cut debt on economic fears
A slowing economy and a fear of losing their job is motivating many Australians to slash their debt- economists say. ...
Fri 27th February 2009 - 04:49pm
Australia shares end flat Woolworths- QBE drop
SYDNEY- Feb 27 - Australian shares ended flat on Friday as gains in banks were offset by losses in Woolworths Ltd WOW and QBE Insurance Group Ltd QBE after their profits missed estimates. ...
Fri 27th February 2009 - 04:47pm
Former Mitsubishi employees want more work- union
The Manufacturing Workers Union says up to 40 per cent of former Adelaide Mitsubishi employees have only secured part-time or casual work. ...
Fri 27th February 2009 - 04:43pm
JB Hi-Fi blunder sparks ACCC warning
The consumer watchdog is warning companies to make sure customers get what they pay for after a woman found images on her supposedly new mobile phone. ...
Fri 27th February 2009 - 04:42pm
Affordable housing sales up in ACT
A report by a real estate analyst says there has been a fundamental shift in the Canberra property market. ...
Fri 27th February 2009 - 04:40pm
Affordable housing sales up in ACT
A report by a real estate analyst says there has been a fundamental shift in the Canberra property market. ...
Fri 27th February 2009 - 04:39pm
Wholesale public service job cuts ruled out
The Tasmanian Premier has told senior public servants that there will be no wholesale redundancies in the bureaucracy. ...
Fri 27th February 2009 - 04:32pm
Swan pounces on Woolies jobs boost
Treasurer Wayne Swan says the announcement of thousands of new jobs in the retail sector shows its efforts to stimulate the economy are working. ...
Fri 27th February 2009 - 04:31pm
Australian shares flat Woolworths drops
SYDNEY- Feb 27 - Australian shares ended flat on Friday- with gains in banks offsetting declines in retailer Woolworths Ltd WOW and QBE Insurance Group Ltd QBE on disappointing earnings. ...
Fri 27th February 2009 - 04:26pm
Oz Minerals warns of more cutbacks despite takeover talk
Mining company Oz Minerals has warned further cuts to its operations are possible- even if a proposed Chinese takeover goes through. ...
Fri 27th February 2009 - 04:24pm
Automotive Technology Group Limited ASX-ATJ Half Yearly Report Shows Expansion Into China And United Arab Emirates
Perth- Australia- Feb 27- 2009 - ABN Newswire - The principal activity of Automotive Technology Group Limited ASX-ATJ and the entities it controlled for the six months ended 31 December 2008 remained the same as last year- being the manufacture and distribution of the patented range of SprintexR Superchargers and Vee Two aftermarket and performance motorcycle accessories. ...
Fri 27th February 2009 - 04:23pm
Testing times ahead for Packer's CMH
James Packer's Consolidated Media Holdings has posted a huge first half profit slump but says it's well positioned for a testing second half. ...
Fri 27th February 2009 - 03:51pm
Harvey Norman profit falls 56
Harvey Norman Holdings has delivered a rare profit fall and warns trading conditions remain challenging- after consumer spending slumped last year. ...
Fri 27th February 2009 - 03:50pm
China syndrome- buying plasmas does zero for Aust jobs
At the jobs summit urgently convened by NSW Premier Nathan Rees at Darling Harbour- the China syndrome was identified as a major flaw in Australias current strategic thinking. ...
Fri 27th February 2009 - 03:50pm
QBE shares fall 4 on bleak forecast
QBE Insurance Group has cut its forecast for premium revenue and warned that 2009 will be a tough year- prompting a four per cent decline in its share price. ...
Fri 27th February 2009 - 03:49pm
Crown announces $409m first-half loss
Growth in casino revenue has failed to stop Crown posting a first-half loss. ...
Fri 27th February 2009 - 03:27pm
Gloucester shares surge on takeover bid
Gloucester Coal shares surged 28 per cent after its largest shareholder Noble Group launched a $310 million takeover in a bid to trump Whitehaven Coal. ...
Fri 27th February 2009 - 03:20pm
Japans factory output suffers biggest ever drop
TOKYO AFP - Japan has announced that factory output plummeted a record 10 percent last month and consumer spending tumbled- deepening worries about Asias largest economy as the recession showed no signs of easing. ...
Fri 27th February 2009 - 03:19pm
Safety authority rejects mine inspection criticism
Workplace Standards Tasmania has rejected suggestions its mining inspectorate division is understaffed. ...
Fri 27th February 2009 - 03:15pm
Credit demand up- but consumers wary
Borrowing rebounded in January but consumers continue to reduce their debt as fears of a recession loom. ...
Fri 27th February 2009 - 03:13pm
GPT 'well advanced' with asset sale
GPT Group says the property trust is well advanced with an asset sale program- after reporting a $3.25 billion annual net loss amid. ...
Fri 27th February 2009 - 02:51pm
Minmetals awaits Govt approval for Oz Minerals takeover
OZ Minerals has confirmed the Chinese state-owned company Minmetals has lodged its takeover application with the Foreign Investments Review Board. ...
Fri 27th February 2009 - 02:50pm
Another agency reassessing Qld Govts AAA rating
A second global rating agency is assessing the Queensland Governments AAA position. ...
Fri 27th February 2009 - 02:48pm
Another agency reassessing Qld Govts AAA rating
A second global rating agency is assessing the Queensland Governments AAA position. ...
Fri 27th February 2009 - 02:47pm
Gold Coast jobs wont move offshore- Telstra says
Telstras regional manager for the Gold Coast says no positions are being moved offshore after 80 call centre workers in the region lost their jobs. ...
Fri 27th February 2009 - 02:45pm
Rio- Chinalco tie-up a dodgy deal for shareholders
The Australian Shareholders Association says small investors are getting a bad deal from Rio Tintos proposed tie-up with Chinalco. ...
Fri 27th February 2009 - 02:42pm
Moody's puts Qld AAA rating on review
Ratings agency Moody's has placed Queensland's AAA credit rating on review for possible downgrading. ...
Fri 27th February 2009 - 02:37pm
Safety authority rejects staffing criticism
Workplace Standards Tasmania has rejected suggestions its mining inspectorate division is understaffed. ...
Fri 27th February 2009 - 02:37pm
Safety authority rejects staffing criticism
Workplace Standards Tasmania has rejected suggestions its mining inspectorate division is understaffed. ...
Fri 27th February 2009 - 02:36pm
Connex met obligations on Oaks Day- transport watchdog finds
An investigation has found Connex acted appropriately during a major rail problem during last years Spring Racing Carnival. ...
Fri 27th February 2009 - 02:28pm
Connex met obligations on Oaks Day- transport watchdog finds
An investigation has found Connex acted appropriately during a major rail problem during last years Spring Racing Carnival. ...
Fri 27th February 2009 - 02:26pm
Breather for takeover target OZ Minerals
Takeover target OZ Minerals has been granted a four-week extension to refinance debt and says it's close to finalising asset sales after reporting a hefty loss. ...
Fri 27th February 2009 - 02:20pm
Initial bids for ABC Learning NZ assets
The New Zealand arm of the failed Australian childcare company ABC Learning Centres Ltd said credible buyers have made offers for the business. ...
Fri 27th February 2009 - 02:18pm
Market bounces back after early slump
The Australian share market has reversed earlier declines- climbing a third of a per cent. ...
Fri 27th February 2009 - 02:18pm
Bouncer charged with assaulting patron
A 23-year-old bouncer has been charged with assaulting a patron at a Fremantle nightclub.Police say a 24-year-old man from New South Wales was drinking at the South Terrace club on Saturday morning wh ...
Fri 27th February 2009 - 02:15pm
Swan pounces on Woolies jobs boost
Treasurer Wayne Swan says the announcement of thousands of new jobs in the retail sector shows its efforts to stimulate the economy are working. ...
Fri 27th February 2009 - 01:55pm
IMF seeks cash boost for crisis lending
The International Monetary Fund will seek a temporary cash injection from members to boost its lending power to countries struggling with the global crisis. ...
Fri 27th February 2009 - 01:53pm
Swan pounces on Woolies jobs boost
Treasurer Wayne Swan says the announcement of thousands of new jobs in the retail sector shows its efforts to stimulate the economy are working. ...
Fri 27th February 2009 - 01:51pm
Cruise visitors boost SA economy
A surge in cruise liners docking in Adelaide is giving a boost to tourism revenue despite the global economic downturn. ...
Fri 27th February 2009 - 01:50pm
Cruise visitors boost SA economy
A surge in cruise liners docking in Adelaide is giving a boost to tourism revenue despite the global economic downturn. ...
Fri 27th February 2009 - 01:49pm
Carr savages double standards on executive pay
Federal Industry Minister Kim Carr says there is an extraordinary double standard when it comes to executive pay and worker benefits. ...
Fri 27th February 2009 - 01:43pm
Union in bid to block Pacific Brands offshore move
The Transport Workers Union TWU says it will try to block clothing firm Pacific Brands from shipping production equipment offshore. ...
Fri 27th February 2009 - 01:38pm
Environmental Clean Technologies Limited ASX-ESI Signs Its Biggest Deal With Vietnamese Based Investment Company
Melbourne- Australia- Feb 27- 2009 - ABN Newswire - Environmental Clean Technologies Limited ASX-ESI has signed a Heads of Agreement for the staged investment in a Special Purpose Vehicle SPV by a Vietnamese-based company- to establish a plant for the production of 20M tonnes per annum of Coldry- black coal substitute- over the next 30 years. ...
Fri 27th February 2009 - 01:35pm
Breather for takeover target OZ Minerals
Takeover target OZ Minerals has been granted a four-week extension to refinance debt and says it's close to finalising asset sales after reporting a hefty loss. ...
Fri 27th February 2009 - 01:32pm
Crean to sign off on Asian free trade deal
Federal Trade Minister Simon Crean will sign a free trade deal with ASEAN nations and New Zealand later today. ...
Fri 27th February 2009 - 01:19pm
Govt to sign off on Asian free trade deal
Federal Trade Minister Simon Crean will sign a free trade deal with ASEAN nations and New Zealand later today. ...
Fri 27th February 2009 - 01:18pm
Bligh distressed about central Qld mine closure
Premier Anna Bligh says she is distressed that Queensland Magnesia has closed a mine north of Rockhampton in the states central region. ...
Fri 27th February 2009 - 12:57pm
Welfare group welcomes public housing initiative
The peak body representing community housing providers has welcomed a West Australian Government plan to address the public housing crisis. ...
Fri 27th February 2009 - 12:49pm
Toy seller Funtastic posts annual loss
Toy wholesaler Funtastic Ltd says its earnings for calendar 2008 were hit by the financial crisis and loss of ABC Learning business. ...
Fri 27th February 2009 - 12:48pm
Wong rejects call for ETS delay
Climate Change Minister Penny Wong has rejected industrys push for emissions trading to be delayed until at least 2012. ...
Fri 27th February 2009 - 12:45pm
Harvey Norman profit falls 56 per cent
Electronics and furniture retailer Harvey Norman Holdings has reported a 56.8 per cent fall in first half profit and says trading conditions remain challenging. ...
Fri 27th February 2009 - 12:40pm
Australia shares up 0.2 ANZ- Gloucester Coal gain
SYDNEY- Feb 27 - Australian shares edged up 0.2 percent on Friday- lifted by Australia and New Zealand Banking Group Ltd ANZ ANZ after a broker upgrade- but disappointing earnings from Woolworths Ltd WOW kept gains under check. ...
Fri 27th February 2009 - 12:36pm
Pay rise for Bonds bosses obscene- ACTU
Unions say large pay increases for the top executives at Pacific Brands are obscene in the light of the companys job cuts this week. ...
Fri 27th February 2009 - 12:35pm
Wong rejects call for ETS delay
Climate Change Minister Penny Wong has rejected industrys push for emissions trading to be delayed until at least 2012. ...
Fri 27th February 2009 - 12:31pm
Hundreds of new SA jobs pledged
The Federal Government says up to 450 South Australian manufacturing jobs will be created under a grant scheme that was set up after Mitsubishi closed its Adelaide production line. ...
Fri 27th February 2009 - 12:29pm
Industry welcomes ACT appropriation bill
The Master Builders Association says the ACT Governments $25 million mini-budget will help to boost confidence in the industry- despite its small size. ...
Fri 27th February 2009 - 12:24pm
No wholesale PS job cuts
The Tasmanian Premier has told senior public servants that there will be no wholesale redundancies in the bureaucracy. ...
Fri 27th February 2009 - 12:23pm
No wholesale PS job cuts
The Tasmanian Premier has told senior public servants that there will be no wholesale redundancies in the bureaucracy. ...
Fri 27th February 2009 - 12:19pm
Wong rejects call for ETS delay
Climate Change Minister Penny Wong has rejected industrys push for emissions trading to be delayed until at least 2012. ...
Fri 27th February 2009 - 12:17pm
Private sector credit rises 0.6
Total credit provided to the private sector by financial intermediaries rose 0.6 per cent in January- the Reserve Bank of Australia RBA said. ...
Fri 27th February 2009 - 11:54am
$35m to be spent rewiring Super Hornets
The Federal Government says it will spend $35 million upgrading half of the RAAFs still-to-be-delivered F-A-18F Super Hornets with the capacity to enable an upgrade of their electronic warfare capabilities. ...
Fri 27th February 2009 - 11:53am
Bligh distressed about central Qld mine closure
Premier Anna Bligh says she is distressed that Queensland Magnesia has closed a mine north of Rockhampton in the states central region. ...
Fri 27th February 2009 - 11:48am
Bligh distressed about central Qld mine closure
Premier Anna Bligh says she is distressed that Queensland Magnesia has closed a mine north of Rockhampton in the states central region. ...
Fri 27th February 2009 - 11:42am
Woolies to create 7-000 jobs
Retail giant Woolworths is defying current economic trends- saying it expects to create 7-000 Australian jobs in the next four months. ...
Fri 27th February 2009 - 11:39am
Australia shares down 0.5 pct- OZ Minerals jumps
SYDNEY- Feb 27 - Australian shares fell 0.5 percent on Friday after blue-chip companies such as Woolworths Ltd WOW dropped on disappointing earnings but debt-laden miner OZ Minerals Ltd OZL jumped on a debt deadline extension. ...
Fri 27th February 2009 - 11:38am
Japans factory output suffers biggest ever drop
TOKYO AFP - Japanese factory output fell a record 10 percent in January and consumer spending tumbled as Asias largest economy was left reeling by its worst recession in decades- official data showed Friday. ...
Fri 27th February 2009 - 11:36am
OZ reaches deal for $1b loan extension
Shares in OZ Minerals have surged after the troubled miner announced it has escaped receivership for now. ...
Fri 27th February 2009 - 11:33am
CMH posts drop in profit due to one-offs
Consolidated Media Holdings Ltd has posted a big fall in reported net profit but says it is well positioned for a testing second half. ...
Fri 27th February 2009 - 11:30am
Rates tipped to hit record low in March
The central bank is tipped to cut interest rates to a record low in March- as the effects of the global downturn threaten to really hit the domestic economy. ...
Fri 27th February 2009 - 11:29am
$35m to be spent rewiring Super Hornets
The Federal Government says it will spend $35 million upgrading half of the RAAFs still-to-be-delivered F-A-18F Super Hornets with the capacity to enable an upgrade of their electronic warfare capabilities. ...
Fri 27th February 2009 - 11:26am
Crown posts $409m loss after writedowns
Crown Ltd has reported a first half loss due to writedowns and says revenue growth at its Australian owned casinos continues to be solid. ...
Fri 27th February 2009 - 11:24am
Magnetic Resources ASX-MAU Confirms A Strong Uranium Anomaly At Boydells Prospect In Esperance
Perth- Australia- Feb 27- 2009 - ABN Newswire - Magnetic Resources ASX-MAU A follow-up survey has confirmed a strong uranium anomaly at the Boydells prospect situated 50km northwest of Esperance in WA. The Boydells tenement covers a pronounced and isolated radiometric anomaly some 400m in diameter evident from a government airborne survey. ...
Fri 27th February 2009 - 11:23am
Pike River Coal Limited NZE-PRC Half Year Results Reflect Pre-Production Status Of Coking Coal Mine
Auckland- New Zealand- Feb 27- 2009 - ABN Newswire - Pike River Coal Limited NZE-PRC reports a net deficit of NZ $9-551-000 for the six months ended 31 December 2008. The result reflects the pre-production status of the Pike River premium hard quality coking coal mine and the effect of the significant decline in the New Zealand dollar exchange rate relative to the United States dollar- on the convertible bonds held by Liberty Harbor. ...
Fri 27th February 2009 - 11:21am
$35m to be spent rewiring Super Hornets
The Federal Government says it will spend $35 million upgrading half of the RAAFs still-to-be-delivered F-A-18F Super Hornets with the capacity to enable an upgrade of their electronic warfare capabilities. ...
Fri 27th February 2009 - 11:18am
China Botanic Development Holdings Limited HKG-2349 Remains A Strong Position In The Consumer Market
Hong Kong- China- Feb 27- 2009 - ABN Newswire - China Botanic Development Holdings Ltd HKG-2349- formerly known as Wah Yuen Holdings Limited- is a famous household brand name for consumer food products in Asia. In the midst of financial crisis- the company sales revenue rise from HKD $128 million financial year ending 30 June 2008 to HKD $110 million financial year ending 30 June 2007- representing a 16 increase. ...
Fri 27th February 2009 - 11:15am
Retail sector drags stocks down
Australian shares have fallen this morning- with big losses in the retail sector. ...
Fri 27th February 2009 - 11:12am
Woolworths expects 14 rise in profit
Woolworths Ltd expects its fiscal 2009 net profit to rise by up to 14 per cent after the retail giant posted a 10.3 per cent lift in first half earnings. ...
Fri 27th February 2009 - 10:58am
QBE profit falls 3 per cent to $1.86b
QBE Insurance Group Ltd reported a three per cent fall in full-year profit as the value of shares it invested in declined because of the financial crisis. ...
Fri 27th February 2009 - 10:54am
Ford says it can survive without aid despite weak sales
NEW YORK AFP - Ford Motor Co. said Thursday it is planning further cuts to its production amid a worsening outlook for auto sales but reiterated assurances that it can survive the current economic downturn without resorting to government aid. ...
Fri 27th February 2009 - 10:49am
NSW- the can do state
The Premier has promised a cultural shift to drive the growth of more jobs in New South Wales. ...
Fri 27th February 2009 - 10:46am
GPT 'well positioned' despite $3.2b loss
Property trust GPT Group has delivered a $3.25 billion annual net loss but says the company has a well positioned balance sheet. ...
Fri 27th February 2009 - 10:44am
Qld Government works to fast-track LNG industry
Deputy Premier Paul Lucas says the Queensland Government is working to fast track the liquefied natural gas LNG industry in Gladstone- in the states central region. ...
Fri 27th February 2009 - 10:35am
Woolworths expects 14 rise in profit
Woolworths Ltd expects its fiscal 2009 net profit to rise by up to 14 per cent after the retail giant posted a 10.3 per cent lift in first half earnings. ...
Fri 27th February 2009 - 10:34am
Aussie dlr eases from highs vs yen- kiwi bonds dip
SYDNEY- Feb 27 - The Australian dollar AUD drooped on Friday- retreating from recent highs against the yen and kiwi dollar- as awful U.S. economic data and weaker equities prompted investors to pull back from riskier investments. ...
Fri 27th February 2009 - 10:28am
Fairfaxs $684m about-face on equity
Fairfax has announced it is raising $684 million just days after it said there was no present need for more capital. ...
Fri 27th February 2009 - 10:26am
Woolworths expects 14 rise in profit
Woolworths Ltd expects its fiscal 2009 net profit to rise by up to 14 per cent after the retail giant posted a 10.3 per cent lift in first half earnings. ...
Fri 27th February 2009 - 10:21am
Public service heads meeting on job cuts
The Premier- David Bartlett- is meeting the states top bureaucrats this morning to outline how he expects them to cut tens of millions of dollars from their departments budgets. ...
Fri 27th February 2009 - 10:20am
Australia shares down 0.4 pct- Woolworths drops
SYDNEY- Feb 27 - Australian shares fell 0.4 percent on Friday- led lower by blue-chip companies Woolworths Ltd WOW and QBE Insurance Group Ltd QBE after their earnings results disappointed. ...
Fri 27th February 2009 - 10:19am
Wong rejects call for ETS delay
Climate Change Minister Penny Wong has rejected the Australian Industry Groups AIG call for the emissions trading scheme ETS to be delayed until at least 2012. ...
Fri 27th February 2009 - 10:19am
Woolies to create 7-000 jobs
Retail giant Woolworths is defying current economic trends- saying it expects to create 7-000 Australian jobs in the next four months. ...
Fri 27th February 2009 - 10:10am
Woolworths records 14 rise in profit
Woolworths Ltd expects its fiscal 2009 net profit to rise by up to 14 per cent after the retail giant posted a 10.3 per cent lift in first half earnings. ...
Fri 27th February 2009 - 09:59am
Woolies to create 7-000 jobs
Retail giant Woolworths is defying current economic trends- saying it expects to create 7-000 Australian jobs in the next four months. ...
Fri 27th February 2009 - 09:53am
Woolies to create 7-000 jobs
Retail giant Woolworths is defying current economic trends- saying it expects to create 7-000 Australian jobs in the next four months. ...
Fri 27th February 2009 - 09:49am
Fairfax in $684m raising as CFO departs
Fairfax Media Ltd has launched a $684 million capital raising- and announced the departure of its chief financial officer. ...
Fri 27th February 2009 - 09:45am
PaperlinX registers loss of $560 million
Paper company PaperlinX Ltd has reported a first half net loss after placing an impairment on its Australian Paper unit. ...
Fri 27th February 2009 - 09:38am
Industry welcomes ACT appropriation bill
The Master Builders Association says the ACT Governments $25 million mini-budget will help to boost confidence in the industry- despite its small size. ...
Fri 27th February 2009 - 09:38am
QBE profit better than expected
Insurer QBE has posted a better-than-expected annual net profit of $1.9 billion. ...
Fri 27th February 2009 - 09:37am
Industry welcomes ACT appropriation bill
The Master Builders Association says the ACT Governments $25 million mini-budget will help to boost confidence in the industry- despite its small size. ...
Fri 27th February 2009 - 09:36am
Noble launches $310m bid for Gloucester
Commodity trader Noble Group has launched a $310 million takeover offer for Gloucester Coal- in a bid to trump the target's planned merger with Whitehaven Coal. ...
Fri 27th February 2009 - 09:35am
Public service heads meeting on job cuts
The Premier- David Bartlett- is meeting the states top bureaucrats this morning to outline how he expects them to cut tens of millions of dollars from their departments budgets. ...
Fri 27th February 2009 - 09:34am
Millions of dollars of savings lost in financial system failures
The chairman of a federal inquiry into the financial sector says a failure in the system has led to the loss of millions of dollars in life savings. ...
Fri 27th February 2009 - 09:32am
Public service heads meeting on job cuts
The Premier- David Bartlett- is meeting the states top bureaucrats this morning to outline how he expects them to cut tens of millions of dollars from their departments budgets. ...
Fri 27th February 2009 - 09:14am
NSW- the can do state
The Premier has promised a cultural shift to drive the growth of more jobs in New South Wales. ...
Fri 27th February 2009 - 08:59am
Greens want ACT solar feed-in tariff extended to large producers
The ACT Government has refused to commit to a starting date for a tariff scheme for large-scale solar energy producers. ...
Fri 27th February 2009 - 08:49am
Saturday traders facing Anzac closure
The Retailers Association says it expects most small retailers in South Australia will close on Anzac Day even though they are not required to. ...
Fri 27th February 2009 - 08:43am
Australia shares seen down banks may falter
Miner Oz Minerals OZL is also likely to be in focus- as the group will report full-year results and faces a deadline set by banks for agreeing to an extension of a debt refinancing. ...
Fri 27th February 2009 - 08:34am
Beaconsfield family attacks mine safety watchdog
The brother of the miner who died in the Beaconsfield rockfall has accused Tasmanias mine safety watchdog of failing in its duty of care. ...
Fri 27th February 2009 - 08:28am
Beaconsfield family attacks mine safety
The brother of the miner who died in the Beaconsfield rockfall has accused Tasmanias mine safety watchdog of failing in its duty of care. ...
Fri 27th February 2009 - 08:23am
Kiwis say it's good time to buy house
The proportion of people thinking it is a good time to buy a house continues to rise- even as most people expect house prices to fall further. ...
Fri 27th February 2009 - 08:21am
Ukraine gas supplies under threat again
A Russian newspaper is reporting that the countrys energy giant- Gazprom- is again threatening to cut gas supplies to Ukraine. ...
Fri 27th February 2009 - 07:50am
NSW- the can do state
The Premier has promised a cultural shift to drive the growth of more jobs in New South Wales. ...
Fri 27th February 2009 - 07:48am
Pay rise for Bonds bosses obscene- ACTU
Unions say large pay increases for the top executives at Pacific Brands are obscene in the light of the companys job cuts this week. ...
Fri 27th February 2009 - 07:43am
US registers 667-000 new jobless claims
New jobless claims rose more than expected last week and the number of Americans continuing to receive unemployment benefits has topped 5.1 million. ...
Fri 27th February 2009 - 07:41am
Slump in air travel- cargo- accelerates- IATA
GENEVA AFP - International air travel traffic slumped even further in January plunging the airline industry deeper into crisis- the industry association IATA reported Thursday. ...
Fri 27th February 2009 - 07:37am
German jobless rate up to 8.5 in Feb
Germany's unemployment rate climbed at a slower pace in February than the previous month- but economists have warned that a long rise lies ahead. ...
Fri 27th February 2009 - 07:35am
Japan's worst recession since WWII- S -amp P
Japan's economy is sinking into its worst recession since World War II- international credit rating firm Standard -amp Poor's said on Thursday. ...
Fri 27th February 2009 - 07:32am
China's banking system stable- regulator
The global economic crisis has had little impact on China's banking system- which remains sound and stable- the nation's banking regulator said on Thursday. ...
Fri 27th February 2009 - 07:30am
Hedge funds must be more transparent- EU
The European Union's top financial services official said on Thursday that hedge funds need to give investors more information about the risks to their money. ...
Fri 27th February 2009 - 07:30am
JPMorgan Chase expect 12-000 job cuts
US banking giant JPMorgan Chase said Thursday it expected 12-000 job cuts as part of its takeover of the failed Washington Mutual retail bank. ...
Fri 27th February 2009 - 07:29am
Council worried about Spencer Gulf contamination
There is concern in Port Augusta about groundwater- contaminated by Mobil- which is leaching into Spencer Gulf. ...
Fri 27th February 2009 - 07:28am
Allianz pays dearly for troubled Dresdner Bank
MUNICH- Germany AFP - The German insurance giant Allianz plunged into the red last year owing to problems at its banking unit Dresdner Bank- which is now a concern for its new owner- Commerzbank. ...
Fri 27th February 2009 - 07:18am
Obama forecasts biggest deficit since WWII
US President Barack Obama has forecast his countrys biggest deficit since World War II in a Budget that urges a costly overhaul of the healthcare system and would spend billions to arrest the economys freefall. ...
Fri 27th February 2009 - 07:16am
German group Springer bucks media slump
BERLIN AFP - German publishing group Alex Springer is bucking the trend of weak sector results and on Wednesday posted a record net profit for 2008. ...
Fri 27th February 2009 - 07:15am
Two EU chiefs call for summit to reject protectionism
BRUSSELS AFP - EU Commission head Jose Manuel Barroso and Czech Prime Minister Mirek Topolanek are urging European leaders to commit to the fight against economic protectionism when they meet at a Brussels summit on Sunday. ...
Fri 27th February 2009 - 07:13am
Obama forecasts biggest deficit since WWII
US President Barack Obama has forecast his countrys biggest deficit since World War II in a Budget that urges a costly overhaul of the healthcare system and would spend billions to arrest the economys freefall. ...
Fri 27th February 2009 - 06:58am
Business not ready for ETS
A major business group says many companies will not be ready for the proposed emissions trading scheme ETS by next years planned start date. ...
Fri 27th February 2009 - 06:30am
Republicans worried over Obama's budget
Republican leaders reacted with concern to US president Barack Obama's $US3.55 trillion $A5.47 trillion budget for 2010. ...
Fri 27th February 2009 - 05:55am
Toyota Adds to Pre-crash Safety Technologies
Tokyo- Feb 26- 2009 - JCN Newswire - TOYOTA MOTOR CORPORATION TMC announces it has added to its Pre-crash Safety technologies a radar system that can detect probable front-side collisions- and rear seats that prepare occupants for front- and rear-end collisions. These world-first1 technologies are to debut in a Toyota vehicle scheduled for launch in Japan in the near future. ...
Fri 27th February 2009 - 05:46am
Honda to Build New R -amp D Facility to Work Toward Establishment of Bio-Ethanol Production Technology
Tokyo- Feb 26- 2009 - JCN Newswire - Honda Motor Co.- Ltd. ...
Fri 27th February 2009 - 05:41am
UBS looks to new chief for turnaround
ZURICH AFP - Beleaguered Swiss bank UBS on Thursday named Oswald Gruebel- a former head of rival Credit Suisse- to lead its turnaround after Marcel Rohner quit as chief executive amid the banks troubles. ...
Fri 27th February 2009 - 03:59am
Obama 3.6 trillion dlr budget seeks aggressive fix
WASHINGTON AFP - US President Barack Obama unveiled a 3. ...
Fri 27th February 2009 - 03:27am
US jobless claims hit highest level since 1982
WASHINGTON AFP - New US jobless claims surged to 667-000 in the past week- the highest in over 26 years- data showed Thursday in a sign of ongoing labor market stress. ...
Fri 27th February 2009 - 01:24am
Business not ready for ETS
A major business group says many companies will not be ready for the proposed emissions trading scheme ETS by next years planned start date. ...
Fri 27th February 2009 - 01:23am
AIG seeks to postpone emissions trading launch date
A major business group says many companies will not be ready for the proposed emissions trading scheme ETS by next years planned start date. ...
Fri 27th February 2009 - 01:18am
GM posts $15b quarterly loss
General Motors in the United States has announced a fourth quarter loss of almost $15 billion- pushing its total loss for last year to $47 billion. ...
Fri 27th February 2009 - 12:25am
Obama projects $US1.75 trillion deficit
US President Barack Obama's budget- to be presented on Thursday- projects a 2009 deficit of $US1.75 trillion $A2.69 trillion- the Wall Street Journal reports. ...
Fri 27th February 2009 - 12:11am
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