NTT Com Develops Secure Access System with Human Area Networking Technology
Tokyo- Mar 2- 2009 - JCN Newswire - NTT Communications Corporation NTT Com announced today that together with Hitachi- Ltd. and MIWA LOCK Co.- Ltd. it has developed a new human-identification system using RedTacton- a Human Area Networking technology developed by Nippon Telegraph and Telephone Corporation that uses the surface of the human body as a safe- high-speed network transmission path. ...
Mitsubishi Motors Lineup at 2009 Geneva International Motor Show
Tokyo- Mar 3- 2009 - JCN Newswire - Mitsubishi Motors Corporation today gave two models their global debut at the 79th Geneva International Motor Show which runs from March 3 through March 15 at the Geneva Palexpo exhibition and conference complex opening to the general public on March 5. ...
Japan asked to bail out Toyota
Toyotas financial unit has asked for an emergency loan from a state-backed lender- with reports putting the figure at more than $3 billion. ...
Japan asked to bail out Toyota
Toyotas financial unit has asked for an emergency loan from a state-backed lender- with reports putting the figure at more than $3 billion. ...
Strong gusts leave 15-000 Vic homes without power
About 15-000 homes and businesses in western Victoria are without power after strong winds damaged power poles and power lines. ...
Parliament at odds over rates decision
The Federal Government and the Opposition are arguing about whether the Reserve Bank of Australias RBA decision to keep interest rates steady is a sign the economic stimulus measures are working. ...
Strong gusts leave 10-000 Vic homes without power
About 10-000 homes and businesses in western Victoria are without power after strong winds damaged power poles and power lines. ...
Parliament at odds over rates decision
The Federal Government and the Opposition are arguing about whether the Reserve Bank of Australias RBA decision to keep interest rates steady is a sign the economic stimulus measures are working. ...
Parliament at odds over rates decision
The Federal Government and the Opposition are arguing about whether the Reserve Bank of Australias RBA decision to keep interest rates steady is a sign the economic stimulus measures are working. ...
Shell accepts BG's $1b Pure Energy deal
Global oil and gas giant Royal Dutch Shell has accepted BG Group's takeover bid for its shares in coal seam gas explorer Pure Energy Resources Ltd. ...
WA can buck the trend- Premier
The Premier Colin Barnett has told Western Australias business leaders not to talk the state into a recession. ...
WA can buck the trend- Premier
The Premier Colin Barnett has told Western Australias business leaders not to talk the state into a recession.Addressing a business lunch in Perth- Mr Barnett said WA should not get drawn into the gl ...
Stocks close down 1 per cent
Australian stocks have defied the steep falls in Europe and New York overnight- recovering from an early plunge to end the day down only 1 per cent. ...
Troubled AIG gets new $US30b lifeline
The US government on Monday unveiled a fresh rescue plan worth $US30 billion $A47.13 billion to help AIG stave off collapse. ...
Stocks close down 1 per cent
Australian stocks have defied the steep falls in Europe and New York overnight- recovering from an early plunge to end the day down only 1 per cent. ...
Figures show Federal funds boosting ACT retail sales
Federal Government handouts have continued to help boost the ACTs retail sector during January. ...
Figures show Federal funds boosting ACT retail sales
Federal Government handouts have continued to help boost the ACTs retail sector during January. ...
Negative outlook for Fijis credit rating
The outlook on Fijis long-term sovereign credit rating has been revised down from stable to negative by the international rating agency Standard and Poors. ...
Federal public transport inquiry kicks off
A Senate inquiry began today as the Federal Government considers its first venture into public transport. ...
RBA keeps rates ammunition in reserve
The Reserve Bank of Australia is keeping -amp quotits powder dry -amp quot in the face of coming tough times for the economy- leaving the official cash rate unchanged. ...
Retail Food Group flags 20 profit jump
Food brand manager and franchiser Retail Food Group has reiterated its 2009 profit guidance after strong January and February sales. ...
WA economy faces uncertain future- Under Treasurer
The WA Under Treasurer Tim Marney says he has no idea what is going to happen to the Western Australian economy in the next year to two years.Mr Marney says volatility in world markets means the state ...
NAB defends ATM fee under new charges
National Australia Bank NAB is defending its automatic teller machine ATM network by charging lower fees to customers of other institutions. ...
ACCC issues warning over misleading expo organisers
The Australian Competition and Consumer Commission has warned industry expo organisers of the dangers of over-promising and under-delivering- after two promoters were found to have engaged in misleading conduct by the Federal Court. ...
Govt urged to rethink emissions- IR policies
The Minerals Council of Australia says new figures forecasting a dramatic fall in resource export dollars highlight the need for the Federal Government to change its policies on emissions trading and industrial relations. ...
Still good time to buy home- lender
Home loan lender Resi Mortgage Corporation says it is a good time to consider buying property- despite the decision to keep interest rates unchanged on Tuesday. ...
Japan asked to bail out Toyota
Toyota has applied for a $3 billion loan from the Japanese Government. ...
Shell accepts BG's $1b Pure Energy offer
Global oil and gas giant Royal Dutch Shell has accepted BG Group's takeover bid for its shares in coal seam gas explorer Pure Energy Resources Ltd. ...
Moody's cuts St George- Suncorp ratings
Moody's Investors Service has downgraded its ratings for Suncorp-Metway and Westpac subsidiary St George Bank because of the deepening global economic downturn. ...
Stocks close down 1 per cent
Australian stocks have defied the steep falls in Europe and New York overnight- recovering from an early plunge to end the day down only 1 per cent. ...
Futuris shareholders vote to change name
Shareholders of rural services and automotive components supplier Futuris Corporation Ltd have voted to change the company's name to Elders Ltd. ...
Govt likely to have to spend more- Oster
The federal government will probably have to make further -amp quothelicopter drops of money -amp quot to prop up the economy- a leading economist says. ...
Aussie dlr rescued from 1mth low as RBA holds rates
SYDNEY- March 3 - The Australian dollar AUD rebounded from one-month lows on Tuesday while bill futures plunged after the central bank surprised some by not cutting interest rates- although it left the door open for future moves. ...
Retail sales rise for fourth month
Australian retailers continued to benefit from the federal government's first fiscal package but sales are expected to slow as the downturn hits consumers. ...
Asian Markets Overview of March 3
Sydney- Australia- Mar 3- 2009 - ABN Newswire - Asian share markets closed sharply lower on Monday with investor sentiment sharply dented by a worse-than-expected contraction in the U.S. economy. In Hong Kong- Hang Seng Index fell 3.86 per cent- dragged by the slump in U.S. stocks to new bear market lows Friday and concerns over HSBC. Japans Nikkei-225 was down 3.8 per cent- while South Korean stocks closed 4.16 per cent lower. ...
Rudd urges G20 to tackle bad bank debts
Prime Minister Kevin Rudd has urged world leaders quickly deal with eradicating toxic assets from bank balance sheets to ensure recovery from the global economic crisis. ...
Australia shares pare losses as rates held steady
MELBOURNE- March 3 - Australian stocks recovered two-thirds of their losses on Tuesday to close down 1 percent after the central bank held interest rates steady- which investors took as a thumbs up for the Australian economy. ...
Pizza chain has 2-500 job vacancies
While the mining and banking sectors lay off thousands of workers- a major food chain says it has 2-500 vacancies. ...
Greens say Bligh should stop uranium exploration
The Greens say Queensland Premier Anna Bligh should not be allowing uranium exploration if she does not plan to overturn a ban on mining. ...
Rates may be cut later- economists
The Reserve Bank of Australia RBA could cut rates again in coming months- particularly if the resilience in the economy starts to falter- economists say. ...
Still good time to buy home- lender
Home loan lender Resi Mortgage Corporation says it is a good time to consider buying property- despite the decision to keep interest rates unchanged on Tuesday. ...
Greens say Bligh should stop uranium exploration
The Greens say Queensland Premier Anna Bligh should not be allowing uranium exploration if she does not plan to overturn a ban on mining. ...
Dairy to flow again from Aust to India
Australian milk producers can now resume exporting products to India. ...
Wine industry 'needs image overhaul'
The Australian wine industry needs to undergo a major overhaul so it can regain its place as a leading exporter- Foster's group director says. ...
ACTU wants executive salaries cut to save jobs
Unions are demanding the salary and bonuses paid to executives of companies- which receive Government assistance- be reduced in order to protect jobs. ...
Pizza chain has 2-500 job vacancies
While the mining and banking sectors lay off thousands of workers- a major food chain says it has 2-500 vacancies. ...
Australia shares bounce as RBA holds rates steady
MELBOURNE- March 3 - Australian stocks clawed back two-thirds of their losses on Tuesday after the central bank decided to hold interest rates steady- which investors took as a sign the Australian economy was proving resilient. ...
Data points to flat GDP for Dec quarter
A narrowing of Australia's current account deficit has reduced the risk that the economy contracted in the December quarter- economists say. ...
RBA leaves interest rate unchanged
The Reserve Bank of Australia RBA has left the cash interest rate unchanged- after its monthly board meeting on Tuesday. ...
HIA welcomes RBA holding interest rate
The Housing Industry Association HIA says the central bank's decision on Tuesday to leave interest rates on hold is the right one. ...
Wine industry 'needs image overhaul'
The Australian wine industry needs to undergo a major overhaul so it can regain its place as a leading exporter- Foster's group director says. ...
Aussie dlr gains after RBA holds rates bonds fall
Against the yen- it rose to 62.08 yen AUDJPYR from Mondays 61.69. ...
RBA leaves cash rate unchanged at 3.25
The Reserve Bank of Australia RBA has left the cash interest rate unchanged- after its monthly board meeting on Tuesday. ...
Retail figures see surprise jump in January
There are signs the boost from the Federal Governments cash handouts in December has rolled over in to January. ...
Retail sales rise for fourth month
Australian retailers continued to benefit from the federal government's first fiscal package but sales are expected to slow as the downturn hits consumers. ...
Australia shares trim losses Asciano surges
MELBOURNE- March 3 - Australian stocks trimmed half their losses on Tuesday- after running into buying interest near a key support level- having earlier hit their its lowest since November 2003 following another big fall on Wall Street. ...
Most workers 'still seeking job change'
The majority of Australian workers are planning to look for a more meaningful job in the next year even as the global financial crisis worsens- a survey shows. ...
Bargaining benefits public sector
Public sector wage growth through enterprise bargaining agreements rose 0.6 percentage points in the three months to December- new government data shows. ...
Market recovers after massive early losses
The Australian sharemarket has clawed back some ground after hitting a new five-year low earlier today. ...
Moody's cuts St George- Suncorp ratings
Moody's Investors Service has downgraded its ratings for Suncorp-Metway and Westpac subsidiary St George Bank because of the deepening global economic downturn. ...
Consumers went on record spending spree
The impact on consumer spending from last year's $10.4 billion federal government fiscal stimulus package appears to have been extended into January. ...
Shrinking deficit 'supports growth'
A narrowing in Australia's current account deficit has reduced the risk that the economy contracted in the December quarter- economists say. ...
Australian Market Report of March 3- Economists tipping 25 Points Rate Cut
Sydney- Australia- Mar 3- 2009 - ABN Newswire - Overnight US stocks closed at their lowest levels in 12 years as the massive losses by AIG and HSBC raised new fears over the financial sector. The US market had suffered one of the worst days last night- down 300 points which was equivalent of 4 or more in terms of percentage. The fall was substantial as more bad news had emerged- says Research director Thomas Su of Money Cat. ...
Admiralty suspends Chile production
Junior miner Admiralty Resources says its iron ore production in Chile will remain suspended while it reviews ways to increase output. ...
Australias Antarctic research lags behind
Scientists at Casey Station in the Antarctic say a lack of federal funds has allowed Australias interests on the icy continent to lag behind other countries. ...
Fuel tank problems ground Qantas Airbuses
Fuel system problems have forced Qantas to temporarily ground all three of its new flagship Airbus A380s. ...
Aussie off 1-month low on data RBA rate cut eyed
AUSTRALIAN CREDIT-FOREXSNAPSHOT FOREIGN EXCHANGE AT 0037 GMTagainst previous Sydney close AUD 0.6314-180.6332-37 AUDNZDR1.2794-171.2820-38 AUDJPYR 61.42-47 61 ...
No tax rises despite budget slump- Buswell
The West Australian Treasurer- Troy Buswell- has again pledged not to raise taxes despite the worsening economic situation. ...
Shrinking deficit 'supports growth'
A narrowing in Australia's current account deficit has reduced the risk that the economy contracted in the December quarter- economists say. ...
Sedgman wins $20m engineering contract
Sedgman has secured a $20 million contract to provide engineering services for a new coal plant at a mine in the South Gobi region of Mongolia. ...
Albidon suspends Munali operations
Nickel miner Albidon Ltd has suspended operations at its Munali mine in Zambia due to a decline in the commodity's price. ...
Farm export earnings expected to rise
Farm export earnings are expected to rise over the next two years- despite the ongoing effects of the global financial crisis- a report says. ...
Consumers went on record spending spree
The impact on consumer spending from last year's $10.4 billion federal government fiscal stimulus package appears to have been extended into January. ...
Current account deficit narrows to $6.5b
Official figures show Australia posted a current account deficit of $6.5 billion in the December quarter. ...
Current account deficit narrows to $6.5b
Official figures show Australia posted a current account deficit of $6.5 billion in the December quarter. ...
Futuris shareholders mull name change
Shareholders of rural services and automotive components supplier Futuris Corporation Ltd are meeting to consider changing the company's name to Elders Ltd. ...
Australia shares sink to new 5-year low
MELBOURNE- March 3 - Australian stocks fell to their lowest since November 2003 in early trade on Tuesday- after Wall Street tumbled on a record loss for insurer American International Group AIG.N and oil prices dropped 10 percent. ...
Rex Minerals Limited ASX-RXM Drilling Results from the Mt Carrington Gold-Silver Project
Melbourne- Australia- Mar 3- 2009 - ABN Newswire - Rex Minerals Limited ASX-RXM has received assay results from the drilling program at the Mt Carrington gold-silver Project in NSW. Significant shallow gold results were received from within the Strauss- Guy Bell and Lady Hampden deposits. ...
Tiger flies into Alice
Alice Springs is expected to have up to 600 extra people a week flying into the town- with the addition of a new Tiger Airways route. ...
Sydney Airport wants more early-morning flights
Sydney Airport is asking for more planes to be allowed to land in the hour before the curfew lifts at 6-00am each day. ...
Market falls 2 per cent in early trade
The Australian share market has lost more than 2 per cent in early trade after Wall Street closed at its lowest point in almost 12 years overnight. ...
IMF chief worried over EU financial crisis coordination
WASHINGTON AFP - The head of the International Monetary Fund- Dominique Strauss-Kahn- said Monday he was concerned about the European Unions ability to coordinate a common response to the global economic and financial crises. ...
Pike River Coal Limited NZE-PRC Announces NZ $45 Million Rights Issue and Placement
Auckland- New Zealand- Mar 3- 2009 - ABN Newswire - Pike River Coal Limited NZE-PRCPINK-PKRRF today announced it will raise NZ $45 million through an issue of ordinary shares- with accompanying bonus options- to provide funds until steady state production from hydro monitor mining is achieved. ...
Former Russian oil tycoon goes on trial
The trial of the one-time Russian oligarch Mikhail Khodorkovsky is due to begin in Moscow today as he faces new charges of embezzling and laundering billions of dollars. ...
Aussie at 1-mth low RBA rate cut suspense mounts
SYDNEY- March 3 - The Australian dollar hovered at a one-month low on Tuesday as a rout in global stock markets and more dire economic data from abroad revived the risk of a rate cut from the Reserve Bank of Australia RBA later in the day. The RBA announces the decision to its March policy meeting at 0330 GMT. The central bank had been sounding like it wanted to hold rates at 3.25 percent after cutting by a huge 400 basis points since September- and some media commentators had agreed. ...
Australia shares hit new 5-year low after US slide
SYDNEY- March 3 - Australian stocks fell 1.5 percent early on Tuesday- hitting their lowest since December 2003- after Wall Street took a tumble following a record loss for insurer American International Group AIG.N ...
Adamus Resources Limited ASX-ADU Rapid Progress Towards First Production Target At Southern Ashanti Gold Project Ghana
Perth- Australia- Mar 3- 2009 - ABN Newswire - Adamus Resources Limited ASX-ADUPINK-ARLTF is pleased to provide an update on recent developments at the Companys Southern Ashanti Gold Project SAGP in Ghana.Following the grant of Mining Licences in April 2008 and completion of the Detailed Feasibility Study in June 2008- the company has continued to make rapid progress towards its first production target by year-end 2010. ...
$15 million revamp mooted for Rottnest
Rottnest Island could undergo a major revamp under a five year management plan to be unveiled today. ...
US market crisis echoing 1930s bear market- economist says
An economist from the ratings agency Standard and Poors has likened the current state of the United States sharemarket to conditions in the late 1930s. ...
World stocks plunge amid concerns for financial sector
Stocks around the world have fallen sharply overnight- after a record $157 billion quarterly loss at insurance provider AIG and a $28 billion capital request by Europes biggest bank- HSBC. ...
Volkswagen 2008 profit up 15
Volkswagen said its 2008 profit rose 15 per cent and it expected to gain market share during the current global automotive sector crisis. ...
Former Russian oil tycoon goes on trial
The trial of the one-time Russian oligarch Mikhail Khodorkovsky is due to begin in Moscow today as he faces new charges of embezzling and laundering billions of dollars. ...
BoA chief calls $20b govt loan a mistake
Bank of America's CEO is now calling his request for $US20 billion $A31.42 billion in government money a -amp quottactical mistake- -amp quot according to a news report. ...
$15 million revamp mooted for Rottnest
Rottnest Island could undergo a major revamp under a five year management plan to be unveiled today.The strategy contains 25 initiatives including a permanent camping ground at South Thompson- new acc ...
Bus industry plans to drive jobs growth
The Australian bus and coach industry says it hopes to create 10-000 jobs over the next five years. ...
Moffett resigning as CE of Freddie Mac
Mortgage giant Freddie Mac says Chief Executive David Moffett is resigning. ...
Govt warns mining job losses not over
Queensland Mines Minister Geoff Wilson says the run of job losses in the mining industry may not be over. ...
Govt warns mining job losses not over
The Queensland Mines Minister says the run of job losses in the mining industry may not be over. ...
Troubled AIG gets new $US30b lifeline
The US government on Monday unveiled a fresh rescue plan worth $US30 billion $A47.13 billion to help AIG stave off collapse. ...
Australia shares set for more pain as Wall St dives
Investors will look to the central bank to lift the mood with an interest rate cut later in the day- with markets again leaning towards a 50 basis point easing to 2.75 percent after weak business inventories data on Monday. ...
BoA chief calls $20b govt loan a mistake
Bank of America's CEO is now calling his request for $US20 billion $A31.42 billion in government money a -amp quottactical mistake- -amp quot according to a news report. ...
New York crude oil prices plunge 10
Oil prices plunged almost 10 per cent on Monday after another huge US government bailout in the financial sector sent markets into a tailspin. ...
Truckies benefit from $48m federal funds
Truck drivers are to benefit first from the Federal Governments announcement of more funding for South Australian roads. ...
Moody's cuts St George- Suncorp ratings
Ratings agency Moody's has downgraded its ratings for two more banks following earlier downgrades of some of Australia's Big 4 bankers. ...
Automakers seek distraction from gloom
The Geneva Motor Show will feature more than 130 world premiere presentations as the car industry tries to dispel some of the gloom clouding its future. ...
Global markets slump on fresh bank woes
Global stock markets fell heavily on Monday- hitting fresh multi-year lows after news of another massive bailout for US insurer AIG and a huge cash call HSBC. ...
Pearson publishes rising profits
British media group Pearson- publisher of the Financial Times and Penguin books- said that its net profits rose in 2008 despite spreading economic gloom. ...
US consumer spending picks up
US consumer spending picked up in January- after six months of decline- while personal saving jumped- government data showed. ...
Moffett resigning as CE of Freddie Mac
Mortgage giant Freddie Mac says Chief Executive David Moffett is resigning. ...
Automakers seek distraction from gloom
The Geneva Motor Show will feature more than 130 world premiere presentations as the car industry tries to dispel some of the gloom clouding its future. ...
Insurer AIG reports $61.7 bln loss in Q4
WASHINGTON AFP - Insurance giant AIG on Monday reported a net loss of 61. ...
Global stocks in rout after AIG loss
NEW YORK - Global stocks fell sharply on Monday after a record $61.7 billion 43.6 billion pound quarterly loss at AIG and an $18.3 billion capital request at HSBC slammed world markets- sending the dollar to 3-year highs and investors fleeing to the safety of government debt. ...
EU to weigh duties on US biodiesel imports- officials
BRUSSELS AFP - EU nations are preparing to take a first step towards slapping import duties on US biodiesel producers with an initial decision on Wednesday- officials and diplomats said. ...
Rates cuts will continue- but not as deep- economist
Economists are revising down their expectations of an interest rate cut today as new evidence points to rising inflation. ...
Irish bank AIB 2008 profits tumble 62 percent
DUBLIN AFP - Irelands biggest lender Allied Irish Bank said Monday its pre-tax profit sank 62 percent last year to about 1.0 billion euros 1.3 billion dollars amid -amp quotunprecedented -amp quot trading conditions. ...
US consumer spending up after half-year drop
WASHINGTON AFP - US consumer spending ticked up 0. ...
VW plans to boost share of shrinking auto market
FRANKFURT AFP - Volkswagen- Europes biggest car maker- threw down the gauntlet to rivals on Monday- saying 2008 profit had gained 15 percent and predicting it would gain market share during the global auto sector crisis. ...
Global stocks slide on AIG and HSBC
NEW YORK - U.S. stocks opened sharply lower on Monday- knocking world stocks deeper into bear territory- after a $61.7 billion 43.6 billion pound quarterly loss at AIG and HSBC launched Britains largest ever rights issue drove the dollar to 3-year highs and the price of bonds higher. ...
Job cuts show Govts auto strategy not working
The Federal Opposition says the Government needs to completely rethink its $6 billion fund to help the car industry. ...
Market losses no excuse for premium rises- Choice
Consumer watchdog Choice says people with private health insurance should not have to pay for their funds market losses through higher premiums. ...
US govt to provide another $US30b to AIG
The US government has unveiled a revamped rescue package to insurance giant American International Group. ...
Vehicle sales dive in Japan
New automobile sales in Japan plunged 32.4 per cent last month from a year earlier- an industry association reported. ...
Trade liberalisation vital to solving financial crisis
The head of the World Trade Organisation WTO has spoken out against protectionism and the urgency of completing the Doha Round of trade talks. ...
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