Fiats boss heads to US- Italian pride mounts
MILAN- Italy AFP - Fiat boss Sergio Marchionne headed for Detroit Tuesday hoping to seal an alliance with Chrysler and buoyed by a burst of national pride over the Italian icons role as possible saviour for the failing US auto giant. ...
Tue 31st March 2009 - 11:55pm
MILAN- Italy AFP - Fiat boss Sergio Marchionne headed for Detroit Tuesday hoping to seal an alliance with Chrysler and buoyed by a burst of national pride over the Italian icons role as possible saviour for the failing US auto giant. ...
Tue 31st March 2009 - 11:55pm
World stocks recover- London up 2.52
LONDON AFP - Global stock markets recovered Tuesday as investors hunted for bargains a day after sharp losses caused by heightened concerns for the US economy and in particular its ailing auto sector. ...
Tue 31st March 2009 - 11:28pm
LONDON AFP - Global stock markets recovered Tuesday as investors hunted for bargains a day after sharp losses caused by heightened concerns for the US economy and in particular its ailing auto sector. ...
Tue 31st March 2009 - 11:28pm
Dollar mixed against euro- yen
LONDON AFP - The dollar traded mixed on Tuesday as dealers looked for clues on the outlook of the global economy- while US auto and financial worries weighed on investor sentiment. ...
Tue 31st March 2009 - 11:22pm
LONDON AFP - The dollar traded mixed on Tuesday as dealers looked for clues on the outlook of the global economy- while US auto and financial worries weighed on investor sentiment. ...
Tue 31st March 2009 - 11:22pm
Global slowdown fuels German unemployment
FRANKFURT AFP - German unemployment surprised analysts by rising in March- underscoring Tuesday that the global crisis is bearing down on Europes biggest economy in a way not seen since the Great Depression. ...
Tue 31st March 2009 - 11:17pm
FRANKFURT AFP - German unemployment surprised analysts by rising in March- underscoring Tuesday that the global crisis is bearing down on Europes biggest economy in a way not seen since the Great Depression. ...
Tue 31st March 2009 - 11:17pm
Oil prices recover slightly- remain under $50
LONDON AFP - Oil prices recovered a little on Tuesday but remained below 50 dollars a barrel amid concerns for the global economy and the struggling auto sector- traders said. ...
Tue 31st March 2009 - 10:52pm
LONDON AFP - Oil prices recovered a little on Tuesday but remained below 50 dollars a barrel amid concerns for the global economy and the struggling auto sector- traders said. ...
Tue 31st March 2009 - 10:52pm
Obama offers tough love to US car giants
WASHINGTON AFP - President Barack Obama has offered the foundering US auto sector a dose of tough love- vowing to save what he called a -amp quotpillar -amp quot of the US economy but warning bankruptcy might be the only solution. ...
Tue 31st March 2009 - 10:50pm
WASHINGTON AFP - President Barack Obama has offered the foundering US auto sector a dose of tough love- vowing to save what he called a -amp quotpillar -amp quot of the US economy but warning bankruptcy might be the only solution. ...
Tue 31st March 2009 - 10:50pm
Economic trust must be restored- Rudd
Prime Minister Kevin Rudd has given a speech on values to the St Pauls Institute in London- calling for trust and balance in the economic system to be restored. ...
Tue 31st March 2009 - 10:49pm
Prime Minister Kevin Rudd has given a speech on values to the St Pauls Institute in London- calling for trust and balance in the economic system to be restored. ...
Tue 31st March 2009 - 10:49pm
Total- Michelin- Adidas targeted in fraud probe
PARIS AFP - The energy giant Total- tyre maker Michelin and sportswear firm Adidas face investigation in France for evading taxes using accounts in the Alpine principality of Liechtenstein- prosecutors said Tuesday. ...
Tue 31st March 2009 - 10:46pm
PARIS AFP - The energy giant Total- tyre maker Michelin and sportswear firm Adidas face investigation in France for evading taxes using accounts in the Alpine principality of Liechtenstein- prosecutors said Tuesday. ...
Tue 31st March 2009 - 10:46pm
Japan unemployment hits three-year high
TOKYO AFP - Japans unemployment rate hit a three-year high of 4. ...
Tue 31st March 2009 - 10:34pm
TOKYO AFP - Japans unemployment rate hit a three-year high of 4. ...
Tue 31st March 2009 - 10:34pm
Economic trust must be restored- Rudd
Prime Minister Kevin Rudd has given a speech on values to the St Pauls Institute in London- calling for trust and balance in the economic system to be restored. ...
Tue 31st March 2009 - 10:34pm
Prime Minister Kevin Rudd has given a speech on values to the St Pauls Institute in London- calling for trust and balance in the economic system to be restored. ...
Tue 31st March 2009 - 10:34pm
Economic trust must be restored- Rudd
Prime Minister Kevin Rudd has given a speech on values to the St Pauls Institute in London- calling for trust and balance in the economic system to be restored. ...
Tue 31st March 2009 - 10:33pm
Prime Minister Kevin Rudd has given a speech on values to the St Pauls Institute in London- calling for trust and balance in the economic system to be restored. ...
Tue 31st March 2009 - 10:33pm
OECD says more stimulus needed to stem downturn
PARIS AFP - The world economy is now gripped by the worst recession in 50 years- the OECD said Tuesday- calling on governments to step up stimulus spending to spark a recovery in 2010 likely to be -amp quotmuted -amp quot at best. ...
Tue 31st March 2009 - 10:31pm
PARIS AFP - The world economy is now gripped by the worst recession in 50 years- the OECD said Tuesday- calling on governments to step up stimulus spending to spark a recovery in 2010 likely to be -amp quotmuted -amp quot at best. ...
Tue 31st March 2009 - 10:31pm
Xtep 2008 Annual Results Recorded Growth Across the Border Revenue and Profit for the Year Surged by 110 and 129
Beijing- Mar 31- 2009 - ACN Newswire - Xtep International Holdings Limited -amp quotXtep -amp quot or the -amp quotCompany -amp quot- together with its subsidiaries the -amp quotGroup -amp quot- stock code- 1368- a leading fashion sportswear enterprise in the PRC- announced its annual results for the year ended 31 December 2008 the -amp quotyear under review -amp quot. ...
Tue 31st March 2009 - 10:17pm
Beijing- Mar 31- 2009 - ACN Newswire - Xtep International Holdings Limited -amp quotXtep -amp quot or the -amp quotCompany -amp quot- together with its subsidiaries the -amp quotGroup -amp quot- stock code- 1368- a leading fashion sportswear enterprise in the PRC- announced its annual results for the year ended 31 December 2008 the -amp quotyear under review -amp quot. ...
Tue 31st March 2009 - 10:17pm
Sarkozy to fight for regulation at G20
PARIS AFP - President Nicolas Sarkozy has raised the stakes ahead of the London G20 summit- warning France will not accept any agreement that ignores his calls for tighter financial regulation. ...
Tue 31st March 2009 - 10:16pm
PARIS AFP - President Nicolas Sarkozy has raised the stakes ahead of the London G20 summit- warning France will not accept any agreement that ignores his calls for tighter financial regulation. ...
Tue 31st March 2009 - 10:16pm
Japanese takeover of Aust Paper is approved
A Japanese buyout of Australian Paper has received the green light from the federal agency in charge of scrutinising foreign takeovers. ...
Tue 31st March 2009 - 10:16pm
A Japanese buyout of Australian Paper has received the green light from the federal agency in charge of scrutinising foreign takeovers. ...
Tue 31st March 2009 - 10:16pm
VW unveils new Indian plant
CHAKAN- India AFP - Europes largest car-maker Volkswagen on Tuesday opened a new plant in western India- which it hopes will eventually roll out 110-000 vehicles a year for the growing domestic market. ...
Tue 31st March 2009 - 10:11pm
CHAKAN- India AFP - Europes largest car-maker Volkswagen on Tuesday opened a new plant in western India- which it hopes will eventually roll out 110-000 vehicles a year for the growing domestic market. ...
Tue 31st March 2009 - 10:11pm
Opinions divided on uranium royalties
A Senate committee has heard from environmentalists who are opposed to changing the way uranium royalties are levied in the Northern Territory. ...
Tue 31st March 2009 - 09:54pm
A Senate committee has heard from environmentalists who are opposed to changing the way uranium royalties are levied in the Northern Territory. ...
Tue 31st March 2009 - 09:54pm
More economic stimulus needed- says OECD
The world economy is now gripped by the worst recession in 50 years- the OECD said- calling on governments to step up stimulus spending to spark a recovery. ...
Tue 31st March 2009 - 09:42pm
The world economy is now gripped by the worst recession in 50 years- the OECD said- calling on governments to step up stimulus spending to spark a recovery. ...
Tue 31st March 2009 - 09:42pm
Opinions divided on uranium royalties
A Senate committee has heard from environmentalists who are opposed to changing the way uranium royalties are levied in the Northern Territory. ...
Tue 31st March 2009 - 09:30pm
A Senate committee has heard from environmentalists who are opposed to changing the way uranium royalties are levied in the Northern Territory. ...
Tue 31st March 2009 - 09:30pm
Michelin- Total- Adidas targeted in fraud probe
PARIS AFP - Tyre maker Michelin- oil firm Total and sports firm Adidas are facing investigation in France for evading taxes via accounts in the Alpine principality of Liechtenstein- prosecutors said Tuesday. ...
Tue 31st March 2009 - 09:29pm
PARIS AFP - Tyre maker Michelin- oil firm Total and sports firm Adidas are facing investigation in France for evading taxes via accounts in the Alpine principality of Liechtenstein- prosecutors said Tuesday. ...
Tue 31st March 2009 - 09:29pm
Overnight luggage wait for Qantas passengers
Some Qantas passengers may have to wait another night before their luggage is returned to them- after a snap strike by workers yesterday. ...
Tue 31st March 2009 - 09:18pm
Some Qantas passengers may have to wait another night before their luggage is returned to them- after a snap strike by workers yesterday. ...
Tue 31st March 2009 - 09:18pm
Global economy tipped to contract 1.7
The global economy is expected to shrink by 1.7 per cent in 2009 led by a 2.9 per cent decline in the high-income countries- the World Bank said. ...
Tue 31st March 2009 - 08:55pm
The global economy is expected to shrink by 1.7 per cent in 2009 led by a 2.9 per cent decline in the high-income countries- the World Bank said. ...
Tue 31st March 2009 - 08:55pm
Global crisis battering developing world
WASHINGTON AFP - The World Bank Tuesday forecast -amp quotunprecedented -amp quot declines in global economic output and trade volumes this year- warning that growth would also slow sharply in the vulnerable developing world. ...
Tue 31st March 2009 - 08:51pm
WASHINGTON AFP - The World Bank Tuesday forecast -amp quotunprecedented -amp quot declines in global economic output and trade volumes this year- warning that growth would also slow sharply in the vulnerable developing world. ...
Tue 31st March 2009 - 08:51pm
Eurozone inflation hits record low 0.6
Inflation in the 16 countries using the euro slumped to a record low of 0.6 per cent in March- the European Union's Eurostat data agency estimated. ...
Tue 31st March 2009 - 08:44pm
Inflation in the 16 countries using the euro slumped to a record low of 0.6 per cent in March- the European Union's Eurostat data agency estimated. ...
Tue 31st March 2009 - 08:44pm
Swan approves Chinese Fortescue stake
The federal government has approved Hunan Valin Iron and Steel Group's 17.55 per cent shareholding in Fortescue Metals Group- Treasurer Wayne Swan says. ...
Tue 31st March 2009 - 08:37pm
The federal government has approved Hunan Valin Iron and Steel Group's 17.55 per cent shareholding in Fortescue Metals Group- Treasurer Wayne Swan says. ...
Tue 31st March 2009 - 08:37pm
Eurozone inflation slumps to record low 0.6
BRUSSELS AFP - Inflation in the 16 countries using the euro slumped to a record low of 0. ...
Tue 31st March 2009 - 08:20pm
BRUSSELS AFP - Inflation in the 16 countries using the euro slumped to a record low of 0. ...
Tue 31st March 2009 - 08:20pm
CORRECTED-UPDATE 1-Oil rises above $49 after 7 percent fall
PERTH- March 31 - Oil rose above $49 a barrel on Tuesday- recouping some of the previous sessions 7 percent loss as stock markets edged up. ...
Tue 31st March 2009 - 08:18pm
PERTH- March 31 - Oil rose above $49 a barrel on Tuesday- recouping some of the previous sessions 7 percent loss as stock markets edged up. ...
Tue 31st March 2009 - 08:18pm
Porsche first-half profit soars
FRANKFURT AFP - German luxury car maker Porsche said Tuesday that its first-half profit leapt fourfold owing to its stake in Volkswagen- but that sales were down and that it could not give a full-year forecast. ...
Tue 31st March 2009 - 07:47pm
FRANKFURT AFP - German luxury car maker Porsche said Tuesday that its first-half profit leapt fourfold owing to its stake in Volkswagen- but that sales were down and that it could not give a full-year forecast. ...
Tue 31st March 2009 - 07:47pm
Japan unemployment hits three-year high
TOKYO AFP - Japans unemployment rate hit a three-year high of 4. ...
Tue 31st March 2009 - 07:46pm
TOKYO AFP - Japans unemployment rate hit a three-year high of 4. ...
Tue 31st March 2009 - 07:46pm
Oil prices recover slightly- remain under $50
LONDON AFP - Oil prices recovered a little on Tuesday but remained below 50 dollars a barrel amid concerns for the global economy and the struggling auto sector- traders said. ...
Tue 31st March 2009 - 07:45pm
LONDON AFP - Oil prices recovered a little on Tuesday but remained below 50 dollars a barrel amid concerns for the global economy and the struggling auto sector- traders said. ...
Tue 31st March 2009 - 07:45pm
Livestock rescued from grounded ship
Hundreds of cattle have been unloaded from a transport ship that ran aground on King Island. ...
Tue 31st March 2009 - 07:45pm
Hundreds of cattle have been unloaded from a transport ship that ran aground on King Island. ...
Tue 31st March 2009 - 07:45pm
Swan green-lights Chinese Fortescue bid
Federal Treasurer Wayne Swan has approved a deal which will allow a Chinese state-owned company to take an 18 per cent stake in mining company Fortescue Metals. ...
Tue 31st March 2009 - 07:41pm
Federal Treasurer Wayne Swan has approved a deal which will allow a Chinese state-owned company to take an 18 per cent stake in mining company Fortescue Metals. ...
Tue 31st March 2009 - 07:41pm
RBA says more rate cuts if needed
The Reserve Bank of Australia sees the economy contracting in 2009- as the nation plunges into recession- and has left the door open for more rate cuts. ...
Tue 31st March 2009 - 07:39pm
The Reserve Bank of Australia sees the economy contracting in 2009- as the nation plunges into recession- and has left the door open for more rate cuts. ...
Tue 31st March 2009 - 07:39pm
Strength- service keys to survival- IAG
IAG chief executive Michael Wilkins says financial strength and customer service are two important keys to whether a business survives for the long term. ...
Tue 31st March 2009 - 07:27pm
IAG chief executive Michael Wilkins says financial strength and customer service are two important keys to whether a business survives for the long term. ...
Tue 31st March 2009 - 07:27pm
Swan green-lights Chinese Fortescue bid
Federal Treasurer Wayne Swan has approved a deal which will allow a Chinese state-owned company to take an 18 per cent stake in mining company Fortescue Metals. ...
Tue 31st March 2009 - 07:23pm
Federal Treasurer Wayne Swan has approved a deal which will allow a Chinese state-owned company to take an 18 per cent stake in mining company Fortescue Metals. ...
Tue 31st March 2009 - 07:23pm
Swan approves Chinese Fortescue stake
The federal government has approved Hunan Valin Iron and Steel Group's 17.55 per cent shareholding in Fortescue Metals Group- Treasurer Wayne Swan says. ...
Tue 31st March 2009 - 07:12pm
The federal government has approved Hunan Valin Iron and Steel Group's 17.55 per cent shareholding in Fortescue Metals Group- Treasurer Wayne Swan says. ...
Tue 31st March 2009 - 07:12pm
Raptis creditors will not go empty-handed
An administrator for the troubled Gold Coast development companies - the Raptis Group and Rapcivic - says creditors will not be left empty-handed. ...
Tue 31st March 2009 - 06:41pm
An administrator for the troubled Gold Coast development companies - the Raptis Group and Rapcivic - says creditors will not be left empty-handed. ...
Tue 31st March 2009 - 06:41pm
Pensioners to own Macquarie Comms
Canadian pensioners are set to become the owners of Macquarie Communications after the target's independent directors recommended a $1.37 billion takeover bid. ...
Tue 31st March 2009 - 06:40pm
Canadian pensioners are set to become the owners of Macquarie Communications after the target's independent directors recommended a $1.37 billion takeover bid. ...
Tue 31st March 2009 - 06:40pm
APRA blocks Bendigo Bank's AYT takeover
The banking regulator has stepped in to protect Bendigo and Adelaide Bank depositors by blocking the bank's takeover bid for the AYT it sponsors. ...
Tue 31st March 2009 - 06:40pm
The banking regulator has stepped in to protect Bendigo and Adelaide Bank depositors by blocking the bank's takeover bid for the AYT it sponsors. ...
Tue 31st March 2009 - 06:40pm
Livestock rescued from grounded ship
Hundreds of cattle have been unloaded from a transport ship that ran aground on King Island. ...
Tue 31st March 2009 - 06:40pm
Hundreds of cattle have been unloaded from a transport ship that ran aground on King Island. ...
Tue 31st March 2009 - 06:40pm
Swan green-lights Chinese Fortescue bid
Federal Treasurer Wayne Swan has approved a deal which will allow a Chinese state-owned company to take an 18 per cent stake in mining company Fortescue Metals. ...
Tue 31st March 2009 - 06:38pm
Federal Treasurer Wayne Swan has approved a deal which will allow a Chinese state-owned company to take an 18 per cent stake in mining company Fortescue Metals. ...
Tue 31st March 2009 - 06:38pm
Swan green-lights China-Fortescue bid
Federal Treasurer Wayne Swan has approved a deal which will allow a Chinese state-owned company to take an 18 per cent stake in mining company Fortescue Metals. ...
Tue 31st March 2009 - 06:37pm
Federal Treasurer Wayne Swan has approved a deal which will allow a Chinese state-owned company to take an 18 per cent stake in mining company Fortescue Metals. ...
Tue 31st March 2009 - 06:37pm
Iron ore miners 'agree to 40 price cut'
Rio Tinto Ltd and BHP Billiton Ltd have reportedly agreed to a temporary 40 per cent cut to iron ore prices- China's steel mills say. ...
Tue 31st March 2009 - 06:33pm
Rio Tinto Ltd and BHP Billiton Ltd have reportedly agreed to a temporary 40 per cent cut to iron ore prices- China's steel mills say. ...
Tue 31st March 2009 - 06:33pm
Creditors approve plan for Raptis
Creditors of the Queensland land developer Raptis Group and its building arm Rapcivic have approved a restructure. ...
Tue 31st March 2009 - 06:31pm
Creditors of the Queensland land developer Raptis Group and its building arm Rapcivic have approved a restructure. ...
Tue 31st March 2009 - 06:31pm
Swan green-lights China-Fortescue bid
Federal Treasurer Wayne Swan has approved a deal which will allow a Chinese state-owned company to take an 18 per cent stake in mining company Fortescue Metals. ...
Tue 31st March 2009 - 06:30pm
Federal Treasurer Wayne Swan has approved a deal which will allow a Chinese state-owned company to take an 18 per cent stake in mining company Fortescue Metals. ...
Tue 31st March 2009 - 06:30pm
Atticus- TCI end co-op deal on Deutsche Boerse
FRANKFURT- AFP - The investment funds TCI and Atticus said they would end a cooperation accord allowing them to weigh on decisions at the German stock market operator Deutsche Boerse. ...
Tue 31st March 2009 - 06:22pm
FRANKFURT- AFP - The investment funds TCI and Atticus said they would end a cooperation accord allowing them to weigh on decisions at the German stock market operator Deutsche Boerse. ...
Tue 31st March 2009 - 06:22pm
Porsche first-half profit soars
FRANKFURT- AFP - The German luxury car maker Porsche said that its first-half profit leapt fourfold owing to its stake in Volkswagen- but that auto sales were down and it could not give a full-year forecast. ...
Tue 31st March 2009 - 06:18pm
FRANKFURT- AFP - The German luxury car maker Porsche said that its first-half profit leapt fourfold owing to its stake in Volkswagen- but that auto sales were down and it could not give a full-year forecast. ...
Tue 31st March 2009 - 06:18pm
Alarm sounds for tired drivers
A Central Queensland businessman has launched a device he says will help reduce fatigue related accidents on Australias roads. ...
Tue 31st March 2009 - 06:13pm
A Central Queensland businessman has launched a device he says will help reduce fatigue related accidents on Australias roads. ...
Tue 31st March 2009 - 06:13pm
Swan green-lights China-Fortescue bid
Federal Treasurer Wayne Swan has approved a deal which will allow a Chinese state-owned company to take an 18 per cent stake in mining company Fortescue Metals. ...
Tue 31st March 2009 - 06:12pm
Federal Treasurer Wayne Swan has approved a deal which will allow a Chinese state-owned company to take an 18 per cent stake in mining company Fortescue Metals. ...
Tue 31st March 2009 - 06:12pm
Santos lodges draft EIS for gas project
Santos Ltd's proposed $7.7 billion project to convert coal seam gas to liquefied natural gas CSG to LNG in Queensland has taken a step closer to fruition. ...
Tue 31st March 2009 - 05:58pm
Santos Ltd's proposed $7.7 billion project to convert coal seam gas to liquefied natural gas CSG to LNG in Queensland has taken a step closer to fruition. ...
Tue 31st March 2009 - 05:58pm
Asian Markets Overview of March 31
Sydney- Australia- Mar 31- 2009 - ABN Newswire - Most Asian stocks tumbled massively yesterday as the Obama government suggested a bankruptcy for the struggling US car makers. Most major indices in Asia opened higher on Tuesday despite sharp loss on Wall Street- largely due to optimism of the local economy and corporate performance.Asia Economy WatchJapans unemployment rate rose to 4.4 percent- up from 4. ...
Tue 31st March 2009 - 05:58pm
Sydney- Australia- Mar 31- 2009 - ABN Newswire - Most Asian stocks tumbled massively yesterday as the Obama government suggested a bankruptcy for the struggling US car makers. Most major indices in Asia opened higher on Tuesday despite sharp loss on Wall Street- largely due to optimism of the local economy and corporate performance.Asia Economy WatchJapans unemployment rate rose to 4.4 percent- up from 4. ...
Tue 31st March 2009 - 05:58pm
Pensioners to own Macquarie Comms
Canadian pensioners are set to become the owners of Macquarie Communications after the target's independent directors recommended a $1.37 billion takeover bid. ...
Tue 31st March 2009 - 05:53pm
Canadian pensioners are set to become the owners of Macquarie Communications after the target's independent directors recommended a $1.37 billion takeover bid. ...
Tue 31st March 2009 - 05:53pm
Rio extends deadline for Chinalco
Rio Tinto Ltd has extended the deadline for Chinalco to confirm funding for the expansion of the Yarwun alumina refinery in Queensland. ...
Tue 31st March 2009 - 05:52pm
Rio Tinto Ltd has extended the deadline for Chinalco to confirm funding for the expansion of the Yarwun alumina refinery in Queensland. ...
Tue 31st March 2009 - 05:52pm
Strength- service keys to survival- IAG
IAG chief executive Michael Wilkins says financial strength and customer service are two important keys to whether a business survives for the long term. ...
Tue 31st March 2009 - 05:49pm
IAG chief executive Michael Wilkins says financial strength and customer service are two important keys to whether a business survives for the long term. ...
Tue 31st March 2009 - 05:49pm
Macquarie Bank cuts cash bonuses
Macquarie Group will cut the cash portion of executive bonuses in favour of equity in Australia's biggest investment bank and its satellite funds. ...
Tue 31st March 2009 - 05:49pm
Macquarie Group will cut the cash portion of executive bonuses in favour of equity in Australia's biggest investment bank and its satellite funds. ...
Tue 31st March 2009 - 05:49pm
ACT to be offered green power alternatives
ACT residents connecting to the electricity grid will now be offered power from renewable energy sources before they are presented with the cheaper- coal-fired electricity option. ...
Tue 31st March 2009 - 05:48pm
ACT residents connecting to the electricity grid will now be offered power from renewable energy sources before they are presented with the cheaper- coal-fired electricity option. ...
Tue 31st March 2009 - 05:48pm
Corporate bonds show signs of life- RBA
There has been a noticeable pickup in activity in the corporate bond market despite the continued disruption on global financial markets- the RBA says. ...
Tue 31st March 2009 - 05:44pm
There has been a noticeable pickup in activity in the corporate bond market despite the continued disruption on global financial markets- the RBA says. ...
Tue 31st March 2009 - 05:44pm
Swan approves Chinese Fortescue stake
The federal government has approved Hunan Valin Iron and Steel Group's 17.55 per cent shareholding in Fortescue Metals Group- Treasurer Wayne Swan says. ...
Tue 31st March 2009 - 05:40pm
The federal government has approved Hunan Valin Iron and Steel Group's 17.55 per cent shareholding in Fortescue Metals Group- Treasurer Wayne Swan says. ...
Tue 31st March 2009 - 05:40pm
Crean confident mine rejection wont hurt China-Aust ties
Trade Minister Simon Crean says he has been assured that China accepts Australias right to reject overseas investment deals if it clashes with Australias national interest. ...
Tue 31st March 2009 - 05:40pm
Trade Minister Simon Crean says he has been assured that China accepts Australias right to reject overseas investment deals if it clashes with Australias national interest. ...
Tue 31st March 2009 - 05:40pm
Nufarm tips 34 annual profit increase
Nufarm expects annual profit to rise by 34 per cent on continuing strong demand for its products- after reporting a strong lift in first half earnings. ...
Tue 31st March 2009 - 05:15pm
Nufarm expects annual profit to rise by 34 per cent on continuing strong demand for its products- after reporting a strong lift in first half earnings. ...
Tue 31st March 2009 - 05:15pm
Australia shares surge in March but slip in Q1
SYDNEY- March 31 - Australian stocks posted their biggest monthly gain in almost nine years in March amid tentative signs of stabilisation in the global financial sector- but fell in the first quarter after a poor start to the year. ...
Tue 31st March 2009 - 04:53pm
SYDNEY- March 31 - Australian stocks posted their biggest monthly gain in almost nine years in March amid tentative signs of stabilisation in the global financial sector- but fell in the first quarter after a poor start to the year. ...
Tue 31st March 2009 - 04:53pm
Oil rises above $49 after 7 percent fall
PERTH- March 31 - Oil rose above $49 a barrel on Tuesday- recouping some of the previous sessions 7 percent loss as stock markets edged up. ...
Tue 31st March 2009 - 04:52pm
PERTH- March 31 - Oil rose above $49 a barrel on Tuesday- recouping some of the previous sessions 7 percent loss as stock markets edged up. ...
Tue 31st March 2009 - 04:52pm
Aussie recovers on month-end buying bonds ease
Against the yen- the local dollar advanced to 67.34 yen from 66.31 yen AUDJPYR late here on Monday on inflows from Japanese funds ahead of the financial year end. ...
Tue 31st March 2009 - 04:50pm
Against the yen- the local dollar advanced to 67.34 yen from 66.31 yen AUDJPYR late here on Monday on inflows from Japanese funds ahead of the financial year end. ...
Tue 31st March 2009 - 04:50pm
Mount Isa mine is nations worst emitter
Xstratas Mount Isa Mines has again been ranked as the highest emitter of several chemicals by the National Pollutant Inventory. ...
Tue 31st March 2009 - 04:36pm
Xstratas Mount Isa Mines has again been ranked as the highest emitter of several chemicals by the National Pollutant Inventory. ...
Tue 31st March 2009 - 04:36pm
Mining sector continues market woes
Australian shares have closed lower- with steep falls in the mining sector dragging the market down. ...
Tue 31st March 2009 - 04:35pm
Australian shares have closed lower- with steep falls in the mining sector dragging the market down. ...
Tue 31st March 2009 - 04:35pm
Grain industry needs reform- producers
Significant reform is needed to keep the grain industry viable- says the body representing Australian grain producers. ...
Tue 31st March 2009 - 04:25pm
Significant reform is needed to keep the grain industry viable- says the body representing Australian grain producers. ...
Tue 31st March 2009 - 04:25pm
Tarkine road proposal heads to Canberra
Forestry Tasmania plans to refer its controversial Tarkine road in the states north west to the Federal Environment Minister by the end of May. ...
Tue 31st March 2009 - 04:22pm
Forestry Tasmania plans to refer its controversial Tarkine road in the states north west to the Federal Environment Minister by the end of May. ...
Tue 31st March 2009 - 04:22pm
Alibaba Group HKG-1688 takes additional steps to help SMEs in China turn to e-commerce
Beijing- China- Mar 31- 2009 - ABN Newswire - Alisoft- a wholly-owned subsidiary of Alibaba Group HKG-1688- today announced that it will offer free Internet-based management software to all 42 million small and medium enterprises SMEs in China as part of the Groups ongoing effort to make it easy for SMEs to do business using e-commerce. ...
Tue 31st March 2009 - 04:21pm
Beijing- China- Mar 31- 2009 - ABN Newswire - Alisoft- a wholly-owned subsidiary of Alibaba Group HKG-1688- today announced that it will offer free Internet-based management software to all 42 million small and medium enterprises SMEs in China as part of the Groups ongoing effort to make it easy for SMEs to do business using e-commerce. ...
Tue 31st March 2009 - 04:21pm
Australia shares in biggest monthly gain in 9 years
SYDNEY- March 31 - Australian stocks posted their biggest monthly gain in almost nine years in March- but fell in the quarter ended March after a poor start to the year. ...
Tue 31st March 2009 - 04:19pm
SYDNEY- March 31 - Australian stocks posted their biggest monthly gain in almost nine years in March- but fell in the quarter ended March after a poor start to the year. ...
Tue 31st March 2009 - 04:19pm
Hot rocks power plan a step closer
A geothermal company says it is a step closer to building a hot rocks power generation plant in outback South Australia. ...
Tue 31st March 2009 - 04:13pm
A geothermal company says it is a step closer to building a hot rocks power generation plant in outback South Australia. ...
Tue 31st March 2009 - 04:13pm
Nexus sells WA exploration project stake
Nexus Energy has secured much needed short-term funding after selling its stake in an exploration permit in WA to Shell Development for $A27.98 million. ...
Tue 31st March 2009 - 03:59pm
Nexus Energy has secured much needed short-term funding after selling its stake in an exploration permit in WA to Shell Development for $A27.98 million. ...
Tue 31st March 2009 - 03:59pm
RBA says more rate cuts if needed
The Reserve Bank of Australia sees the economy contracting in 2009- as the nation plunges into recession- and has left the door open for more rate cuts. ...
Tue 31st March 2009 - 03:59pm
The Reserve Bank of Australia sees the economy contracting in 2009- as the nation plunges into recession- and has left the door open for more rate cuts. ...
Tue 31st March 2009 - 03:59pm
Bosses warned not to short-change workers
Twelve Tasmanian hospitality businesses are being investigated as part of a national blitz on worker underpayment. ...
Tue 31st March 2009 - 03:49pm
Twelve Tasmanian hospitality businesses are being investigated as part of a national blitz on worker underpayment. ...
Tue 31st March 2009 - 03:49pm
Territory businesses caught underpaying workers
A national watchdog has uncovered some Northern Territory businesses have been underpaying hospitality workers thousands of dollars. ...
Tue 31st March 2009 - 03:47pm
A national watchdog has uncovered some Northern Territory businesses have been underpaying hospitality workers thousands of dollars. ...
Tue 31st March 2009 - 03:47pm
Holden's Aussie workers wait nervously
GM Holden workers in Australia face a nervous wait as parent company General Motors fights for its survival in the United States. ...
Tue 31st March 2009 - 03:43pm
GM Holden workers in Australia face a nervous wait as parent company General Motors fights for its survival in the United States. ...
Tue 31st March 2009 - 03:43pm
Livestock ship runs aground
The welfare of nearly 300 cattle is being monitored while they are trapped on a transport ship which has run aground on King Island. ...
Tue 31st March 2009 - 03:35pm
The welfare of nearly 300 cattle is being monitored while they are trapped on a transport ship which has run aground on King Island. ...
Tue 31st March 2009 - 03:35pm
Motoring group calls for Federal funding of ACT road upgrades
The NRMA has called on the Federal Government to provide budget funding to upgrade key roads in and out of Canberra. ...
Tue 31st March 2009 - 03:32pm
The NRMA has called on the Federal Government to provide budget funding to upgrade key roads in and out of Canberra. ...
Tue 31st March 2009 - 03:32pm
Tax fraud taskforce reaps cash- figures
Australia's tax fraud taskforce has reaped hundreds of millions of dollars- new figures show. ...
Tue 31st March 2009 - 03:31pm
Australia's tax fraud taskforce has reaped hundreds of millions of dollars- new figures show. ...
Tue 31st March 2009 - 03:31pm
New housing planned for Adelaides NE
Land in Adelaides north-eastern suburbs will be turned into housing and open space. ...
Tue 31st March 2009 - 03:16pm
Land in Adelaides north-eastern suburbs will be turned into housing and open space. ...
Tue 31st March 2009 - 03:16pm
Grain industry needs reform- producers
Significant reform is needed to keep the grain industry viable- says the body representing Australian grain producers. ...
Tue 31st March 2009 - 03:13pm
Significant reform is needed to keep the grain industry viable- says the body representing Australian grain producers. ...
Tue 31st March 2009 - 03:13pm
Nexus sells WA exploration project stake
Nexus Energy has secured much needed short-term funding after selling its stake in an exploration permit in WA to Shell Development for $A27.98 million. ...
Tue 31st March 2009 - 02:50pm
Nexus Energy has secured much needed short-term funding after selling its stake in an exploration permit in WA to Shell Development for $A27.98 million. ...
Tue 31st March 2009 - 02:50pm
Tax fraud task force reaps cash- charges
Australia's tax fraud task force has reaped hundreds of millions of dollars- new figures show. ...
Tue 31st March 2009 - 02:49pm
Australia's tax fraud task force has reaped hundreds of millions of dollars- new figures show. ...
Tue 31st March 2009 - 02:49pm
Santos lodges draft EIS for gas project
Santos Ltd's proposed $7.7 billion project to convert coal seam gas to liquefied natural gas CSG to LNG in Queensland has taken a step closer to fruition. ...
Tue 31st March 2009 - 02:47pm
Santos Ltd's proposed $7.7 billion project to convert coal seam gas to liquefied natural gas CSG to LNG in Queensland has taken a step closer to fruition. ...
Tue 31st March 2009 - 02:47pm
Flat lending data paves way for rate cut
Lending to the private sector was flat in February as loan volumes eased- supporting the case for further interest rate cuts- central bank figures show. ...
Tue 31st March 2009 - 02:45pm
Lending to the private sector was flat in February as loan volumes eased- supporting the case for further interest rate cuts- central bank figures show. ...
Tue 31st March 2009 - 02:45pm
Kairiki Energy Limited ASX-KIK to Divest Sicily Channel Assets
Perth- Australia- Mar 31- 2009 - ABN Newswire - Kairiki Energy Limited ASX-KIKPINK-KAIRF is pleased to advise that it has entered into agreements- through its wholly owned subsidiaries- to sell its 30 interest in each of the Sicily Channel exploration permits- Pantelleria and Kerkouane- to AuDAX Resources Limited AuDAX. AuDAX- either directly or indirectly via subsidiary companies- operates and holds a 70 interest in those permits. ...
Tue 31st March 2009 - 02:41pm
Perth- Australia- Mar 31- 2009 - ABN Newswire - Kairiki Energy Limited ASX-KIKPINK-KAIRF is pleased to advise that it has entered into agreements- through its wholly owned subsidiaries- to sell its 30 interest in each of the Sicily Channel exploration permits- Pantelleria and Kerkouane- to AuDAX Resources Limited AuDAX. AuDAX- either directly or indirectly via subsidiary companies- operates and holds a 70 interest in those permits. ...
Tue 31st March 2009 - 02:41pm
Australia shares turn positive Macquarie Comms surges
SYDNEY- March 31 - Australian stocks reversed early losses to rise 0.4 percent on Tuesday after a takeover bid for Macquarie Communications Infrastructure Group MCG sent its shares and those of its parent Macquarie Group MQG soaring. ...
Tue 31st March 2009 - 02:38pm
SYDNEY- March 31 - Australian stocks reversed early losses to rise 0.4 percent on Tuesday after a takeover bid for Macquarie Communications Infrastructure Group MCG sent its shares and those of its parent Macquarie Group MQG soaring. ...
Tue 31st March 2009 - 02:38pm
Growth forecast cut for developing Asia
The Asian Development Bank says growth in Asia's developing economies this year would fall to 3.4 per cent- citing a -amp quotbleak -amp quot short-term outlook for the region. ...
Tue 31st March 2009 - 02:29pm
The Asian Development Bank says growth in Asia's developing economies this year would fall to 3.4 per cent- citing a -amp quotbleak -amp quot short-term outlook for the region. ...
Tue 31st March 2009 - 02:29pm
Livestock ship runs aground
The welfare of nearly 300 cattle is being monitored while they are trapped on a transport ship which has run aground on King Island. ...
Tue 31st March 2009 - 02:27pm
The welfare of nearly 300 cattle is being monitored while they are trapped on a transport ship which has run aground on King Island. ...
Tue 31st March 2009 - 02:27pm
Livestock ship runs aground
The welfare of nearly 300 cattle is being monitored while they are trapped on a transport ship which has run aground on King Island. ...
Tue 31st March 2009 - 02:26pm
The welfare of nearly 300 cattle is being monitored while they are trapped on a transport ship which has run aground on King Island. ...
Tue 31st March 2009 - 02:26pm
Tas confidence still bucking trends
A new survey suggests confidence in the Tasmanian economy has risen this year- despite the global financial crisis. ...
Tue 31st March 2009 - 02:24pm
A new survey suggests confidence in the Tasmanian economy has risen this year- despite the global financial crisis. ...
Tue 31st March 2009 - 02:24pm
Macquarie Bank cuts cash bonuses
Macquarie Group will cut the cash portion of executive bonuses in favour of equity in Australia's biggest investment bank and its satellite funds. ...
Tue 31st March 2009 - 02:18pm
Macquarie Group will cut the cash portion of executive bonuses in favour of equity in Australia's biggest investment bank and its satellite funds. ...
Tue 31st March 2009 - 02:18pm
Macquarie Comms touts pension fund bid
Macquarie Communications Infrastructure Group has recommended a $1.37 billion takeover offer from a Canadian pension fund. ...
Tue 31st March 2009 - 02:16pm
Macquarie Communications Infrastructure Group has recommended a $1.37 billion takeover offer from a Canadian pension fund. ...
Tue 31st March 2009 - 02:16pm
Corporate bonds show signs of life- RBA
The corporate bond market is showing some signs of life despite the continued disruption in global financial markets- the Reserve Bank of Australia RBA says. ...
Tue 31st March 2009 - 01:59pm
The corporate bond market is showing some signs of life despite the continued disruption in global financial markets- the Reserve Bank of Australia RBA says. ...
Tue 31st March 2009 - 01:59pm
Zimbabwe seeks $14b at Africa summit
Southern African leaders are considering a $14 billion plan by Zimbabwe to rebuild its economy. ...
Tue 31st March 2009 - 01:52pm
Southern African leaders are considering a $14 billion plan by Zimbabwe to rebuild its economy. ...
Tue 31st March 2009 - 01:52pm
Mine water contamination not affecting cattle
Authorities say initial tests show no adverse effects on cattle on a north-west Queensland property which was affected by contaminated mine water. ...
Tue 31st March 2009 - 01:46pm
Authorities say initial tests show no adverse effects on cattle on a north-west Queensland property which was affected by contaminated mine water. ...
Tue 31st March 2009 - 01:46pm
AGL Energy to build $341m SA wind farm
AGL Energy Ltd has announced it will build the $341 million Hallett 4 wind farm in South Australia. ...
Tue 31st March 2009 - 01:34pm
AGL Energy Ltd has announced it will build the $341 million Hallett 4 wind farm in South Australia. ...
Tue 31st March 2009 - 01:34pm
Trujillo says Telstra could lose $2b
Telstra will lose up to $2 billion in revenue over five to ten years if it's not the builder of a national broadband network- chief executive Sol Trujillo says. ...
Tue 31st March 2009 - 01:33pm
Telstra will lose up to $2 billion in revenue over five to ten years if it's not the builder of a national broadband network- chief executive Sol Trujillo says. ...
Tue 31st March 2009 - 01:33pm
Australian Market Report of March 31- Worries Over US Auto Sector
Sydney- Australia- Mar 31- 2009 - ABN Newswire - Wall Street plunged sharply overnight on fresh worries over the US economy. The Obama administration warned that General Motors and Chrysler could face bankruptcy. In addition to the woes in auto makers- Treasury Secretary Timothy Geithner said over the weekend that some banks will need further aid from the government. ...
Tue 31st March 2009 - 01:28pm
Sydney- Australia- Mar 31- 2009 - ABN Newswire - Wall Street plunged sharply overnight on fresh worries over the US economy. The Obama administration warned that General Motors and Chrysler could face bankruptcy. In addition to the woes in auto makers- Treasury Secretary Timothy Geithner said over the weekend that some banks will need further aid from the government. ...
Tue 31st March 2009 - 01:28pm
Nufarm reports half year profit up 84
Agricultural chemical maker Nufarm has reported net profit up 84 per cent in the first half of fiscal 2009- and says demand in the second half will be strong. ...
Tue 31st March 2009 - 01:27pm
Agricultural chemical maker Nufarm has reported net profit up 84 per cent in the first half of fiscal 2009- and says demand in the second half will be strong. ...
Tue 31st March 2009 - 01:27pm
Oil rises towards $49 econ worries- dollar weigh
PERTH- March 31 - Oil rose towards $49 a barrel on Tuesday- recouping some of previous sessions 7 percent loss- but worries over the health of the global economy and a firm U.S. dollar limited gains. ...
Tue 31st March 2009 - 01:22pm
PERTH- March 31 - Oil rose towards $49 a barrel on Tuesday- recouping some of previous sessions 7 percent loss- but worries over the health of the global economy and a firm U.S. dollar limited gains. ...
Tue 31st March 2009 - 01:22pm
Bankwest sackings outrageous- Finance Sector Union
The union representing Bankwest workers is demanding to know why the West Australian Government is not doing more to protect jobs after 400 workers were sacked. ...
Tue 31st March 2009 - 01:11pm
The union representing Bankwest workers is demanding to know why the West Australian Government is not doing more to protect jobs after 400 workers were sacked. ...
Tue 31st March 2009 - 01:11pm
Australia shares down 0.5 pct banks- miners fall
SYDNEY- March 31 - Australian stocks fell 0.5 percent on Tuesday- recovering slightly from earlier losses- but held down by losses mining and financial stocks. ...
Tue 31st March 2009 - 12:50pm
SYDNEY- March 31 - Australian stocks fell 0.5 percent on Tuesday- recovering slightly from earlier losses- but held down by losses mining and financial stocks. ...
Tue 31st March 2009 - 12:50pm
Trujillo says Telstra could lose $2b
Telstra will lose up to $2 billion in revenue over five to ten years if it's not the builder of a national broadband network- chief executive Sol Trujillo says. ...
Tue 31st March 2009 - 12:50pm
Telstra will lose up to $2 billion in revenue over five to ten years if it's not the builder of a national broadband network- chief executive Sol Trujillo says. ...
Tue 31st March 2009 - 12:50pm
Luggage chaos continues after airport strikes
Travellers say they are struggling to retrieve lost luggage after yesterdays national airport strikes- which disabled the countrys major airports for several hours. ...
Tue 31st March 2009 - 12:36pm
Travellers say they are struggling to retrieve lost luggage after yesterdays national airport strikes- which disabled the countrys major airports for several hours. ...
Tue 31st March 2009 - 12:36pm
Luggage chaos continues after airport strikes
Travellers say they are struggling to retrieve lost luggage after yesterdays national airport strikes- which disabled the countrys major airports for several hours. ...
Tue 31st March 2009 - 12:35pm
Travellers say they are struggling to retrieve lost luggage after yesterdays national airport strikes- which disabled the countrys major airports for several hours. ...
Tue 31st March 2009 - 12:35pm
RBA issues recession warning
The Reserve Bank has indicated for the first time that Australias economy is expected to sink into recession this year. ...
Tue 31st March 2009 - 12:30pm
The Reserve Bank has indicated for the first time that Australias economy is expected to sink into recession this year. ...
Tue 31st March 2009 - 12:30pm
Aussie off lows as stocks pare losses bonds firm
AUSTRALIAN CREDIT-FOREXSNAPSHOT FOREIGN EXCHANGE AT 0000 GMTagainst previous Sydney close AUD 0.6825-270.6824-25 AUDNZDR1.2097-21221.2155-74 AUDJPYR66.89-92 6 ...
Tue 31st March 2009 - 12:21pm
AUSTRALIAN CREDIT-FOREXSNAPSHOT FOREIGN EXCHANGE AT 0000 GMTagainst previous Sydney close AUD 0.6825-270.6824-25 AUDNZDR1.2097-21221.2155-74 AUDJPYR66.89-92 6 ...
Tue 31st March 2009 - 12:21pm
OZ Mins receives alternative proposal
OZ Minerals says it has received an alternative incomplete takeover proposal from its Chinese suitor that will provide a solution to its refinancing issues. ...
Tue 31st March 2009 - 11:55am
OZ Minerals says it has received an alternative incomplete takeover proposal from its Chinese suitor that will provide a solution to its refinancing issues. ...
Tue 31st March 2009 - 11:55am
Economy to shrink this year- RBA
The Reserve Bank has indicated for the first time that Australias economy is expected to sink into recession this year. ...
Tue 31st March 2009 - 11:54am
The Reserve Bank has indicated for the first time that Australias economy is expected to sink into recession this year. ...
Tue 31st March 2009 - 11:54am
RBA says more rate cuts if needed
The Reserve Bank of Australia says there is scope to cut interest rates further if needed- with domestic economic growth expected to fall in 2009. ...
Tue 31st March 2009 - 11:50am
The Reserve Bank of Australia says there is scope to cut interest rates further if needed- with domestic economic growth expected to fall in 2009. ...
Tue 31st March 2009 - 11:50am
RBA says more rate cuts if needed
The Reserve Bank of Australia says there is scope to cut interest rates further if needed- with domestic economic growth expected to fall in 2009. ...
Tue 31st March 2009 - 11:42am
The Reserve Bank of Australia says there is scope to cut interest rates further if needed- with domestic economic growth expected to fall in 2009. ...
Tue 31st March 2009 - 11:42am
Warwick Resources Limited ASX-WRK Further High Grade Iron Ore Mineralisation At Woggaginna Project
Perth- Australia- Mar 31- 2009 - ABN Newswire - Pilbara explorer- Warwick Resources Limited ASX-WRK today announced that it has outlined further high grade iron ore mineralisation on its 100 owned Woggaginna iron ore project near Newman.Woggaginna is located 55km southeast of Newman and 35km south of BHP Billitons Jimblebar iron ore mine and railway.Mapping and rock chip sampling at the Wishbone prospect confirmed a further 1. ...
Tue 31st March 2009 - 11:39am
Perth- Australia- Mar 31- 2009 - ABN Newswire - Pilbara explorer- Warwick Resources Limited ASX-WRK today announced that it has outlined further high grade iron ore mineralisation on its 100 owned Woggaginna iron ore project near Newman.Woggaginna is located 55km southeast of Newman and 35km south of BHP Billitons Jimblebar iron ore mine and railway.Mapping and rock chip sampling at the Wishbone prospect confirmed a further 1. ...
Tue 31st March 2009 - 11:39am
Australia shares stave off losses- banks help
MELBOURNE- March 31 - Australian stocks recovered from an early fall on Tuesday- defying heavy losses on Wall Street- as two of the top banks and a shift into defensive stock Telstra Corp TLS shored up the market. ...
Tue 31st March 2009 - 11:36am
MELBOURNE- March 31 - Australian stocks recovered from an early fall on Tuesday- defying heavy losses on Wall Street- as two of the top banks and a shift into defensive stock Telstra Corp TLS shored up the market. ...
Tue 31st March 2009 - 11:36am
Deadline looms for gas hub site agreement
The Western Australian Government- Kimberley Land Council and Woodside have until 5-00pm AWST today to reach agreement on the site for a proposed liquefied natural gas precinct north of Broome. ...
Tue 31st March 2009 - 11:31am
The Western Australian Government- Kimberley Land Council and Woodside have until 5-00pm AWST today to reach agreement on the site for a proposed liquefied natural gas precinct north of Broome. ...
Tue 31st March 2009 - 11:31am
Mortgage stress slumps 5.5pc- report
A monthly measure of mortgage stress has found fewer households are experiencing tighter financial conditions. ...
Tue 31st March 2009 - 11:29am
A monthly measure of mortgage stress has found fewer households are experiencing tighter financial conditions. ...
Tue 31st March 2009 - 11:29am
Road transport company slashes 54 jobs
A north-west Victorian manufacturer will sack more than 50 employees- with further cuts likely. ...
Tue 31st March 2009 - 11:27am
A north-west Victorian manufacturer will sack more than 50 employees- with further cuts likely. ...
Tue 31st March 2009 - 11:27am
Economy to shrink this year- RBA
RBA deputy governor Rick Battelino says Australias economy is likely to experience negative growth in 2009. ...
Tue 31st March 2009 - 11:25am
RBA deputy governor Rick Battelino says Australias economy is likely to experience negative growth in 2009. ...
Tue 31st March 2009 - 11:25am
Keep budget promises- opposition says
The federal opposition is urging the Rudd government to honour its election promises when framing the May budget. ...
Tue 31st March 2009 - 11:22am
The federal opposition is urging the Rudd government to honour its election promises when framing the May budget. ...
Tue 31st March 2009 - 11:22am
Brisbane airport wins best for service for fifth time
Brisbanes domestic airport has been awarded as the best in delivering customer service- for the fifth year in a row. ...
Tue 31st March 2009 - 11:21am
Brisbanes domestic airport has been awarded as the best in delivering customer service- for the fifth year in a row. ...
Tue 31st March 2009 - 11:21am
Govt seeks tenders to Frankston bypass
The Victorian Government will build the Frankston bypass under a public private partnership PPP- regardless of whether it receives federal funding. ...
Tue 31st March 2009 - 11:18am
The Victorian Government will build the Frankston bypass under a public private partnership PPP- regardless of whether it receives federal funding. ...
Tue 31st March 2009 - 11:18am
Livestock ship runs aground
A cattle transport ship that has run aground near Grassy harbour on King Island has nearly 300 head of livestock onboard. ...
Tue 31st March 2009 - 11:15am
A cattle transport ship that has run aground near Grassy harbour on King Island has nearly 300 head of livestock onboard. ...
Tue 31st March 2009 - 11:15am
Beach Petroleum Limited ASX-BPT Expects To Commence Cooper Basin Drilling Program In May
Adelaide- Australia- Mar 31- 2009 - ABN Newswire - Beach Petroleum Limited ASX-BPTPINK-BEPTF is pleased to announce that a six well exploration drilling program is expected to commence in May on the western flank of the Cooper Basin. This program- in permit PEL 92- will test 6 prospects with potential mean recoverable oil totalling 7.0 million barrels- on an unrisked basis. ...
Tue 31st March 2009 - 11:14am
Adelaide- Australia- Mar 31- 2009 - ABN Newswire - Beach Petroleum Limited ASX-BPTPINK-BEPTF is pleased to announce that a six well exploration drilling program is expected to commence in May on the western flank of the Cooper Basin. This program- in permit PEL 92- will test 6 prospects with potential mean recoverable oil totalling 7.0 million barrels- on an unrisked basis. ...
Tue 31st March 2009 - 11:14am
Santos lodges draft EIS for gas project
Oil and gas producer Santos has submitted a draft environmental impact statement for the $7.7 billion liquefied natural gas project near Gladstone. ...
Tue 31st March 2009 - 11:12am
Oil and gas producer Santos has submitted a draft environmental impact statement for the $7.7 billion liquefied natural gas project near Gladstone. ...
Tue 31st March 2009 - 11:12am
RBA says more rate cuts if needed
The Reserve Bank of Australia says there is scope to cut interest rates further if needed- with domestic economic growth expected to fall in 2009. ...
Tue 31st March 2009 - 11:11am
The Reserve Bank of Australia says there is scope to cut interest rates further if needed- with domestic economic growth expected to fall in 2009. ...
Tue 31st March 2009 - 11:11am
Automotive Technology Group Limited ASX-ATJ Submits New Patent Application For World Leading Green Automotive Technology
Perth- Australia- Mar 31- 2009 - ABN Newswire - Leading Australian clean automotive technology company Automotive Technology Group ATG ASX-ATJ is pleased to announce that it has lodged a new patent application for its Sprintex Supercharger technology- which delivers further major advancements in performance and confirms Sprintex as the worlds best supercharger product. ...
Tue 31st March 2009 - 10:59am
Perth- Australia- Mar 31- 2009 - ABN Newswire - Leading Australian clean automotive technology company Automotive Technology Group ATG ASX-ATJ is pleased to announce that it has lodged a new patent application for its Sprintex Supercharger technology- which delivers further major advancements in performance and confirms Sprintex as the worlds best supercharger product. ...
Tue 31st March 2009 - 10:59am
Brisbane airport wins best for service for fifth time
Brisbanes domestic airport has been awarded as the best in delivering customer service- for the fifth year in a row. ...
Tue 31st March 2009 - 10:54am
Brisbanes domestic airport has been awarded as the best in delivering customer service- for the fifth year in a row. ...
Tue 31st March 2009 - 10:54am
Pike River Coal NZE-PRC Interim Report For 2009 and Chairmans Overview
Auckland- New Zealand- Mar 31- 2009 - ABN Newswire - Pike River Coal Limiteds NZE-PRCPINK-PKRRF has made significant strides towards becoming a coal exporter during the half year ended 31 December 2008.All the surface infrastructure needed for mining has been completed including a $20 million coal preparation plant and a $12 million rail loadout facility. ...
Tue 31st March 2009 - 10:52am
Auckland- New Zealand- Mar 31- 2009 - ABN Newswire - Pike River Coal Limiteds NZE-PRCPINK-PKRRF has made significant strides towards becoming a coal exporter during the half year ended 31 December 2008.All the surface infrastructure needed for mining has been completed including a $20 million coal preparation plant and a $12 million rail loadout facility. ...
Tue 31st March 2009 - 10:52am
Peak hour taxis to be slashed
The West Australian Government has decided to allow peak hour taxis to continue to operate in Perth- but the number of cabs allowed on the road each day will be slashed. ...
Tue 31st March 2009 - 10:49am
The West Australian Government has decided to allow peak hour taxis to continue to operate in Perth- but the number of cabs allowed on the road each day will be slashed. ...
Tue 31st March 2009 - 10:49am
Minimum wage increase risks jobs- ACCI
The Australian Chamber of Commerce and Industry says its call for the minimum wage to be calibrated according to the current economic climate does not mean it supports a cut to low wages. ...
Tue 31st March 2009 - 10:39am
The Australian Chamber of Commerce and Industry says its call for the minimum wage to be calibrated according to the current economic climate does not mean it supports a cut to low wages. ...
Tue 31st March 2009 - 10:39am
Po Valley Energy Limited ASX-PVE Proceeds To Flow Test Bezzecca Well In Nothern Italy
Rome- Italy- Mar 31- 2009 - ABN Newswire - Po Valley Energy Limited ASX-PVE will proceed forward to flow testing of its Bezzecca 1 well 20 km outside Milan in Northern Italy following evaluation of log results.Initial interpretation of logs run over the weekend- identified potential gas production zones in the primary target Miocene and secondary target Pliocene levels. ...
Tue 31st March 2009 - 10:38am
Rome- Italy- Mar 31- 2009 - ABN Newswire - Po Valley Energy Limited ASX-PVE will proceed forward to flow testing of its Bezzecca 1 well 20 km outside Milan in Northern Italy following evaluation of log results.Initial interpretation of logs run over the weekend- identified potential gas production zones in the primary target Miocene and secondary target Pliocene levels. ...
Tue 31st March 2009 - 10:38am
Mortgage stress has dropped 5.5pc- report
A monthly measure of mortgage stress has found fewer households are experiencing tighter financial conditions. ...
Tue 31st March 2009 - 10:36am
A monthly measure of mortgage stress has found fewer households are experiencing tighter financial conditions. ...
Tue 31st March 2009 - 10:36am
Galaxy Resources Limited ASX-GXY Consolidates Tenement Holdings in Ravensthorpe
Perth- Australia- Mar 31- 2009 - ABN Newswire - Galaxy Resources Limited ASX-GXY today announced three developments to significantly consolidate the Companys tenement holding in Western Australia.Mt Cattlin ProjectGalaxy has secured 100 ownership and control of mining lease applications M74-158 and M74-159 in the Mt Cattlin area- previously part of the Ravensthorpe Joint Venture JV with Pioneer Nickel ASX-PIO. ...
Tue 31st March 2009 - 10:31am
Perth- Australia- Mar 31- 2009 - ABN Newswire - Galaxy Resources Limited ASX-GXY today announced three developments to significantly consolidate the Companys tenement holding in Western Australia.Mt Cattlin ProjectGalaxy has secured 100 ownership and control of mining lease applications M74-158 and M74-159 in the Mt Cattlin area- previously part of the Ravensthorpe Joint Venture JV with Pioneer Nickel ASX-PIO. ...
Tue 31st March 2009 - 10:31am
Keep budget promises- opposition says
The federal opposition is urging the Rudd government to honour its election promises when framing the May budget. ...
Tue 31st March 2009 - 10:26am
The federal opposition is urging the Rudd government to honour its election promises when framing the May budget. ...
Tue 31st March 2009 - 10:26am
Bankwest sackings outrageous- Finance Sector Union
The union representing Bankwest workers is demanding to know why the West Australian Government is not doing more to protect jobs after 400 workers were sacked. ...
Tue 31st March 2009 - 10:26am
The union representing Bankwest workers is demanding to know why the West Australian Government is not doing more to protect jobs after 400 workers were sacked. ...
Tue 31st March 2009 - 10:26am
YouTube- Disney close to deal
Google-owned YouTube and Walt Disney Co are close to finalising a deal to distribute videos from Disney properties on the video-sharing website- The Wall Street Journal online reports. ...
Tue 31st March 2009 - 10:25am
Google-owned YouTube and Walt Disney Co are close to finalising a deal to distribute videos from Disney properties on the video-sharing website- The Wall Street Journal online reports. ...
Tue 31st March 2009 - 10:25am
BHP admits safety record is unacceptable
The mining company BHP Billiton says it is participating fully into a safety review of its operations following the death of a worker at a Pilbara mine site. ...
Tue 31st March 2009 - 10:19am
The mining company BHP Billiton says it is participating fully into a safety review of its operations following the death of a worker at a Pilbara mine site. ...
Tue 31st March 2009 - 10:19am
Nufarm reports half year profit up 84
Agricultural chemical maker Nufarm has reported net profit up 84 per cent in the first half of fiscal 2009- and says demand in the second half will be strong. ...
Tue 31st March 2009 - 10:16am
Agricultural chemical maker Nufarm has reported net profit up 84 per cent in the first half of fiscal 2009- and says demand in the second half will be strong. ...
Tue 31st March 2009 - 10:16am
Australia shares fall after drop in U.S. stocks
SYDNEY- March 31 - Australian stocks fell 0.9 percent on Tuesday- their second straight decline- after a sharp drop on Wall Street on fears that U.S. automakers General Motors GM.N and Chrysler could be forced into bankruptcy. ...
Tue 31st March 2009 - 10:14am
SYDNEY- March 31 - Australian stocks fell 0.9 percent on Tuesday- their second straight decline- after a sharp drop on Wall Street on fears that U.S. automakers General Motors GM.N and Chrysler could be forced into bankruptcy. ...
Tue 31st March 2009 - 10:14am
Nufarm posts half year profit up 84
Agricultural chemical maker Nufarm has reported net profit up 84 per cent in the first half of fiscal 2009- and says demand in the second half will be strong. ...
Tue 31st March 2009 - 09:57am
Agricultural chemical maker Nufarm has reported net profit up 84 per cent in the first half of fiscal 2009- and says demand in the second half will be strong. ...
Tue 31st March 2009 - 09:57am
Macquarie Bank cuts cash bonuses
Macquarie Group has announced it is cutting cash bonuses paid to its senior executives to fit with global remuneration trends. ...
Tue 31st March 2009 - 09:55am
Macquarie Group has announced it is cutting cash bonuses paid to its senior executives to fit with global remuneration trends. ...
Tue 31st March 2009 - 09:55am
Bankwest sackings outrageous- Finance Sector Union
The union representing Bankwest workers is demanding to know why the West Australian Government is not doing more to protect jobs after 400 workers were sacked. ...
Tue 31st March 2009 - 09:55am
The union representing Bankwest workers is demanding to know why the West Australian Government is not doing more to protect jobs after 400 workers were sacked. ...
Tue 31st March 2009 - 09:55am
Aussie dlr near 2-week lows bonds up on safety bid
SYDNEY- March 31 - The Australian dollar was bogged down near two-week lows against the U.S. dollar and the yen on Tuesday as risk aversion remained elevated across financial markets amid renewed worries about the global auto and banking sectors. ...
Tue 31st March 2009 - 09:54am
SYDNEY- March 31 - The Australian dollar was bogged down near two-week lows against the U.S. dollar and the yen on Tuesday as risk aversion remained elevated across financial markets amid renewed worries about the global auto and banking sectors. ...
Tue 31st March 2009 - 09:54am
Gulf floods promise bumper prawn harvest
Record floods this year in the Gulf of Carpentaria- in north Queensland- have produced some good news- with prawn operators expecting one of the best seasons in 30 years. ...
Tue 31st March 2009 - 09:42am
Record floods this year in the Gulf of Carpentaria- in north Queensland- have produced some good news- with prawn operators expecting one of the best seasons in 30 years. ...
Tue 31st March 2009 - 09:42am
GM not ruling out bankruptcy
Ailing US automaker General Motors says it's not ruling out bankruptcy as an option- after being asked to produce a more aggressive restructuring plan. ...
Tue 31st March 2009 - 09:26am
Ailing US automaker General Motors says it's not ruling out bankruptcy as an option- after being asked to produce a more aggressive restructuring plan. ...
Tue 31st March 2009 - 09:26am
Rudd stands firm on China ties
Prime Minister Kevin Rudd says he will continue to pursue a closer relationship with China because to do so is in Australias interest. ...
Tue 31st March 2009 - 09:26am
Prime Minister Kevin Rudd says he will continue to pursue a closer relationship with China because to do so is in Australias interest. ...
Tue 31st March 2009 - 09:26am
Sydney Airport worst for service- value- report
A report has found the countrys major airports rank badly in terms of service and value for money- with Sydney Airport coming last for the third year in a row. ...
Tue 31st March 2009 - 09:22am
A report has found the countrys major airports rank badly in terms of service and value for money- with Sydney Airport coming last for the third year in a row. ...
Tue 31st March 2009 - 09:22am
Bushfire building standard not good enough- CSIRO
As Victorians prepare to rebuild the 2-029 homes destroyed in the deadly Black Saturday bushfires- the CSIRO is warning that the new national bushfire building standard is inadequate. ...
Tue 31st March 2009 - 09:12am
As Victorians prepare to rebuild the 2-029 homes destroyed in the deadly Black Saturday bushfires- the CSIRO is warning that the new national bushfire building standard is inadequate. ...
Tue 31st March 2009 - 09:12am
Bank problems Erupt Again
Problem banks are suddenly back in the news around the world.The spate of problems hit sentiment in the various markets around the globe as they started a fourth week wondering if another rise could be sustained.Spain rescued a big regional banker with a 9 billion euro deal another bank died in the US and was closed Scotlands biggest building society was taken over and bailed out by the UK Government and Germanys second biggest mortgage provider and the swallower of 102 billion euros of state aid- lost a record amount and the German Government bought shares as a first step towards nationalisation.Swiss newspapers have reported that more big write-downs- losses and job cuts are expected at UBS- the countrys major bank which has already lost $USS49 billion- been bailed out by the Government and sacked upwards of 9-000 of workers around the world.The bank revised up its 2008 net loss to 20.9 billion Swiss francs on March 11 and said its near-term outlook was extremely cautious- warning that its balance sheet remained exposed to illiquid and volatile markets.Spain has lost its first bank of the current crisis with the news that its central bank- The Bank of Spain will bail out regional savings bank Caja Castilla la Mancha at a cost of over $A16 billion.The Bank of Spain will take over the running of CCM and provide funds to help the bank backed by up to 9 billion euros in government guarantees.Source- ForbesThe Spanish government has already said it would guarantee up to 100 billion euros in new bank debt to assist institutions with liquidity problems.CCM is an unlisted savings banks with close links to regional governments- it like its peers invested heavily in housing and commercial debt which is imploding as Spains long housing boom collapses and unemployment surges towards 20.The American regional bank in Georgia went bust on Friday- the 21st of the year. It was based in Atlanta- Georgia- which is rapidly emerging as one of the worst states for health banks in this crunch- around half a dozen have been closed and -or taken over.In the US the Omni National Bank in Atlanta- with just under $US1 billion in assets was shut- but no announcement was made about whether it will be sold- raising suggestions that its financial state is so bad no one will want it. That means the Government will have to take control.US regulators said they took control of the bank after finding that -amp quotthe bank had experienced substantial dissipation of assets and earnings due to unsafe and unsound practices. -amp quot The OCC also found that the bank has -amp quotdepleted most of its capital- -amp quot and that it couldnt -amp quotbecome adequately capitalized without Federal assistance. -amp quotIn the UK- a reminder of fragile that countrys financial system still is with Scotlands biggest building society being taken over by the government after owning up to crippling losses.The UK move upset the nascent Scottish Government- emphasising its powerless to do anything to help local financial groups. The bailout with the bad loans being put into a new company- much the way the Bradford and Bingley was taken over and split up was confirmed after being reported by the BBC. -amp 160The Society is expected to reveal losses of well over $A50 million- or 26 million pounds this week. The Nationwide Building -amp 160Society has bought the good assets of the failed society- the third time it has picked up the good bits from a failed bank or society this year.The Bank of England- the Financial Services Authority FSA and the British government - had decided the Dunfermline- established in 1869- had no future and needed to be split up and sold off to protect depositors.The Society got into trouble investing in dud deals like US sub-prime mortgages- it isnt the first Scottish financial group to hit the wall.The huge Royal Bank of Scotland is now owned by the UK Government after being bailed out with tens of billions of pounds of new capital and guarantees after it invested in a wide range of dodgy loans and other securities.The Government will takeover up to 750 million pounds around $A1.6 billion in dodgy loans Source-FT to save the society from implosion.The trials of Hypo Real Estate continue to bedevil the German economy- Government and financial system. HRE reported a wider-than-expected loss of 5.46 billion euros over $A11 billion last year and that the government will take an 8.7 stake as a first step toward nationalization.Germanys bank rescue fund- Soffin- will acquire 20 million shares valued at 60 million euros. The new stock must be issued at a -amp quotminimum prescribed -amp quot price of 3 euros a share.Hypo Real Estate has lost 93 of its value in the past year- has already been bailed out by the government and financial institutions with credit lines and debt guarantees totalling 102 billion euros since running out of money and all but failing last September.Germanys upper house- will be asked to approve the Hypo Real Estate seizure legislation on April 3- following its approval in German lower house on March 20. The law also imposes a time limit- stipulating that any seizure has to be initiated by the end of June. -amp 160 ...
Tue 31st March 2009 - 08:58am
Problem banks are suddenly back in the news around the world.The spate of problems hit sentiment in the various markets around the globe as they started a fourth week wondering if another rise could be sustained.Spain rescued a big regional banker with a 9 billion euro deal another bank died in the US and was closed Scotlands biggest building society was taken over and bailed out by the UK Government and Germanys second biggest mortgage provider and the swallower of 102 billion euros of state aid- lost a record amount and the German Government bought shares as a first step towards nationalisation.Swiss newspapers have reported that more big write-downs- losses and job cuts are expected at UBS- the countrys major bank which has already lost $USS49 billion- been bailed out by the Government and sacked upwards of 9-000 of workers around the world.The bank revised up its 2008 net loss to 20.9 billion Swiss francs on March 11 and said its near-term outlook was extremely cautious- warning that its balance sheet remained exposed to illiquid and volatile markets.Spain has lost its first bank of the current crisis with the news that its central bank- The Bank of Spain will bail out regional savings bank Caja Castilla la Mancha at a cost of over $A16 billion.The Bank of Spain will take over the running of CCM and provide funds to help the bank backed by up to 9 billion euros in government guarantees.Source- ForbesThe Spanish government has already said it would guarantee up to 100 billion euros in new bank debt to assist institutions with liquidity problems.CCM is an unlisted savings banks with close links to regional governments- it like its peers invested heavily in housing and commercial debt which is imploding as Spains long housing boom collapses and unemployment surges towards 20.The American regional bank in Georgia went bust on Friday- the 21st of the year. It was based in Atlanta- Georgia- which is rapidly emerging as one of the worst states for health banks in this crunch- around half a dozen have been closed and -or taken over.In the US the Omni National Bank in Atlanta- with just under $US1 billion in assets was shut- but no announcement was made about whether it will be sold- raising suggestions that its financial state is so bad no one will want it. That means the Government will have to take control.US regulators said they took control of the bank after finding that -amp quotthe bank had experienced substantial dissipation of assets and earnings due to unsafe and unsound practices. -amp quot The OCC also found that the bank has -amp quotdepleted most of its capital- -amp quot and that it couldnt -amp quotbecome adequately capitalized without Federal assistance. -amp quotIn the UK- a reminder of fragile that countrys financial system still is with Scotlands biggest building society being taken over by the government after owning up to crippling losses.The UK move upset the nascent Scottish Government- emphasising its powerless to do anything to help local financial groups. The bailout with the bad loans being put into a new company- much the way the Bradford and Bingley was taken over and split up was confirmed after being reported by the BBC. -amp 160The Society is expected to reveal losses of well over $A50 million- or 26 million pounds this week. The Nationwide Building -amp 160Society has bought the good assets of the failed society- the third time it has picked up the good bits from a failed bank or society this year.The Bank of England- the Financial Services Authority FSA and the British government - had decided the Dunfermline- established in 1869- had no future and needed to be split up and sold off to protect depositors.The Society got into trouble investing in dud deals like US sub-prime mortgages- it isnt the first Scottish financial group to hit the wall.The huge Royal Bank of Scotland is now owned by the UK Government after being bailed out with tens of billions of pounds of new capital and guarantees after it invested in a wide range of dodgy loans and other securities.The Government will takeover up to 750 million pounds around $A1.6 billion in dodgy loans Source-FT to save the society from implosion.The trials of Hypo Real Estate continue to bedevil the German economy- Government and financial system. HRE reported a wider-than-expected loss of 5.46 billion euros over $A11 billion last year and that the government will take an 8.7 stake as a first step toward nationalization.Germanys bank rescue fund- Soffin- will acquire 20 million shares valued at 60 million euros. The new stock must be issued at a -amp quotminimum prescribed -amp quot price of 3 euros a share.Hypo Real Estate has lost 93 of its value in the past year- has already been bailed out by the government and financial institutions with credit lines and debt guarantees totalling 102 billion euros since running out of money and all but failing last September.Germanys upper house- will be asked to approve the Hypo Real Estate seizure legislation on April 3- following its approval in German lower house on March 20. The law also imposes a time limit- stipulating that any seizure has to be initiated by the end of June. -amp 160 ...
Tue 31st March 2009 - 08:58am
Corporates- Macquarie- IPL
Macquarie Group Ltd says it has begun legal action against tollroad company BrisConnections- the company it helped create and float- to ensure its contractual obligations are fulfilled.Macquarie Capital Advisers Ltd and Macquarie Bank Ltd have taken steps to initiate legal proceedings in the Supreme Court of Queensland to seek to ensure relevant parties fulfil their contractual obligations- -amp quot MQG said in a statement to the -amp 160ASX yesterday.The legal action comes after Macquarie Capital Group yesterday acquired 31.43 million stapled units in BrisConnections representing an 8.06.Macquarie Bank said it had on Monday paid a further principal amount of $92.5 million to BrisConnections under a bridge facility previously agreed with the company.BrisConnections was awarded a 45-year concession to design- construct- operate- maintain and finance the Airport Link tollroad in Brisbane.Stapled securities in BrisConnections are partly paid securities. They are currently trading at a tenth of a cent and have generated enormous controversy.There is at least one court case involving the company and an investor in it. -amp quotStapled securities in BrisConnections are partly paid securities. There are two further instalments of $1.00 each per stapled security payable by 29 April 2009 and 29 January 2010- respectively. -amp quotThe instalments are underwritten in accordance with an Underwriting Agreement dated 9 May 2008. Under the terms of the Underwriting Agreement- MCAL and Deutsche Bank AG- Sydney Branch each underwrite 50 of the instalments due by 29 April 2009 and 29 January 2010. -amp quotIf the shares fail to rise and security holders default- then Macquarie and Deutsche Bank are on the hook for hundreds of millions of dollars. Depending on the level of default- it could be over $600 million.The move by Macquarie Capital to take a stake in Brisconnections appears aimed at keeping control over the company whose future has been plunged into doubt by 26-year-old shareholder Nicholas Bolton- who wants to wind up the company. ...
Tue 31st March 2009 - 08:56am
Macquarie Group Ltd says it has begun legal action against tollroad company BrisConnections- the company it helped create and float- to ensure its contractual obligations are fulfilled.Macquarie Capital Advisers Ltd and Macquarie Bank Ltd have taken steps to initiate legal proceedings in the Supreme Court of Queensland to seek to ensure relevant parties fulfil their contractual obligations- -amp quot MQG said in a statement to the -amp 160ASX yesterday.The legal action comes after Macquarie Capital Group yesterday acquired 31.43 million stapled units in BrisConnections representing an 8.06.Macquarie Bank said it had on Monday paid a further principal amount of $92.5 million to BrisConnections under a bridge facility previously agreed with the company.BrisConnections was awarded a 45-year concession to design- construct- operate- maintain and finance the Airport Link tollroad in Brisbane.Stapled securities in BrisConnections are partly paid securities. They are currently trading at a tenth of a cent and have generated enormous controversy.There is at least one court case involving the company and an investor in it. -amp quotStapled securities in BrisConnections are partly paid securities. There are two further instalments of $1.00 each per stapled security payable by 29 April 2009 and 29 January 2010- respectively. -amp quotThe instalments are underwritten in accordance with an Underwriting Agreement dated 9 May 2008. Under the terms of the Underwriting Agreement- MCAL and Deutsche Bank AG- Sydney Branch each underwrite 50 of the instalments due by 29 April 2009 and 29 January 2010. -amp quotIf the shares fail to rise and security holders default- then Macquarie and Deutsche Bank are on the hook for hundreds of millions of dollars. Depending on the level of default- it could be over $600 million.The move by Macquarie Capital to take a stake in Brisconnections appears aimed at keeping control over the company whose future has been plunged into doubt by 26-year-old shareholder Nicholas Bolton- who wants to wind up the company. ...
Tue 31st March 2009 - 08:56am
Bushfire building standard not good enough- CSIRO
As Victorians prepare to rebuild the 2-029 homes destroyed in the deadly Black Saturday bushfires- the CSIRO is warning that the new national bushfire building standard is inadequate. ...
Tue 31st March 2009 - 08:46am
As Victorians prepare to rebuild the 2-029 homes destroyed in the deadly Black Saturday bushfires- the CSIRO is warning that the new national bushfire building standard is inadequate. ...
Tue 31st March 2009 - 08:46am
Rudd stands firm on China ties
Prime Minister Kevin Rudd says he will continue to pursue a closer relationship with China because to do so is in Australias interest. ...
Tue 31st March 2009 - 08:43am
Prime Minister Kevin Rudd says he will continue to pursue a closer relationship with China because to do so is in Australias interest. ...
Tue 31st March 2009 - 08:43am
Govt resists pressure for local business leg up
Tasmanian Treasurer Michael Aird has rejected calls for the Government to change its procurement guidelines- giving local businesses a better chance of winning tenders. ...
Tue 31st March 2009 - 08:39am
Tasmanian Treasurer Michael Aird has rejected calls for the Government to change its procurement guidelines- giving local businesses a better chance of winning tenders. ...
Tue 31st March 2009 - 08:39am
Rudd stands firm on China ties
Prime Minister Kevin Rudd says he will continue to pursue a closer relationship with China because to do so is in Australias interest. ...
Tue 31st March 2009 - 08:37am
Prime Minister Kevin Rudd says he will continue to pursue a closer relationship with China because to do so is in Australias interest. ...
Tue 31st March 2009 - 08:37am
Rudd stands firm on China ties
Prime Minister Kevin Rudd says he will continue to pursue a closer relationship with China because to do so is in Australias interest. ...
Tue 31st March 2009 - 08:31am
Prime Minister Kevin Rudd says he will continue to pursue a closer relationship with China because to do so is in Australias interest. ...
Tue 31st March 2009 - 08:31am
Bushfire building standard not good enough- CSIRO
As Victorians prepare to rebuild the 2-029 homes destroyed in the deadly Black Saturday bushfires- the CSIRO is warning that the new national bushfire building standard is inadequate. ...
Tue 31st March 2009 - 08:28am
As Victorians prepare to rebuild the 2-029 homes destroyed in the deadly Black Saturday bushfires- the CSIRO is warning that the new national bushfire building standard is inadequate. ...
Tue 31st March 2009 - 08:28am
Govt resists pressure for local business leg up
Tasmanian Treasurer Michael Aird has rejected calls for the Government to change its procurement guidelines- giving local businesses a better chance of winning tenders. ...
Tue 31st March 2009 - 08:26am
Tasmanian Treasurer Michael Aird has rejected calls for the Government to change its procurement guidelines- giving local businesses a better chance of winning tenders. ...
Tue 31st March 2009 - 08:26am
World auto shake-up reels markets
Financial markets have dived after US and French auto chiefs were kicked out in a major shake-up and the OECD warns of a widespread social crisis. ...
Tue 31st March 2009 - 08:23am
Financial markets have dived after US and French auto chiefs were kicked out in a major shake-up and the OECD warns of a widespread social crisis. ...
Tue 31st March 2009 - 08:23am
Bushfire building standard not good enough- CSIRO
As Victorians prepare to rebuild the 2-029 homes destroyed in the deadly Black Saturday bushfires- the CSIRO is warning that the new national bushfire building standard is inadequate. ...
Tue 31st March 2009 - 08:23am
As Victorians prepare to rebuild the 2-029 homes destroyed in the deadly Black Saturday bushfires- the CSIRO is warning that the new national bushfire building standard is inadequate. ...
Tue 31st March 2009 - 08:23am
Bushfire building standard not good enough- CSIRO
As Victorians prepare to rebuild the 2-029 homes destroyed in the deadly Black Saturday bushfires- the CSIRO is warning that the new national bushfire building standard is inadequate. ...
Tue 31st March 2009 - 08:15am
As Victorians prepare to rebuild the 2-029 homes destroyed in the deadly Black Saturday bushfires- the CSIRO is warning that the new national bushfire building standard is inadequate. ...
Tue 31st March 2009 - 08:15am
Australia shares set to slide on economic gloom
Stock index futures for June YAPcm1 fell 1.6 percent to 3-559.0- which was 45.4 points below the underlying S -amp ampP-ASX 200 index JO. The benchmark index fell 1.9 percent on Monday- led down by the top banks. ...
Tue 31st March 2009 - 08:13am
Stock index futures for June YAPcm1 fell 1.6 percent to 3-559.0- which was 45.4 points below the underlying S -amp ampP-ASX 200 index JO. The benchmark index fell 1.9 percent on Monday- led down by the top banks. ...
Tue 31st March 2009 - 08:13am
Govt resists pressure for local business leg up
Tasmanian Treasurer Michael Aird has rejected calls for the Government to change its procurement guidelines- giving local businesses a better chance of winning tenders. ...
Tue 31st March 2009 - 08:11am
Tasmanian Treasurer Michael Aird has rejected calls for the Government to change its procurement guidelines- giving local businesses a better chance of winning tenders. ...
Tue 31st March 2009 - 08:11am
Adelaide Airport scores well in report
The Adelaide Airport has ranked second after Brisbane for quality of service in a review of Australias major airports. ...
Tue 31st March 2009 - 07:50am
The Adelaide Airport has ranked second after Brisbane for quality of service in a review of Australias major airports. ...
Tue 31st March 2009 - 07:50am
Embattled German rail chief offers to resign
BERLIN AFP - The head of Germanys train operator- the countrys biggest public company- said Monday he would quit after the latest in a string of scandals lost him the backing of Chancellor Angela Merkel. ...
Tue 31st March 2009 - 06:45am
BERLIN AFP - The head of Germanys train operator- the countrys biggest public company- said Monday he would quit after the latest in a string of scandals lost him the backing of Chancellor Angela Merkel. ...
Tue 31st March 2009 - 06:45am
Oil falls over 7 pct on dollar- stock market
NEW YORK- March 30 - Oil dropped by more than 7 percent to below $49 a barrel on Monday- weighed down by the stronger U.S. dollar and weaker stock markets. ...
Tue 31st March 2009 - 06:41am
NEW YORK- March 30 - Oil dropped by more than 7 percent to below $49 a barrel on Monday- weighed down by the stronger U.S. dollar and weaker stock markets. ...
Tue 31st March 2009 - 06:41am
France curbs bonuses at bailed-out firms
French Prime Minister Francois Fillon has unveiled a government decree curbing executive bonuses and banning stock options at bailed-out companies. ...
Tue 31st March 2009 - 06:25am
French Prime Minister Francois Fillon has unveiled a government decree curbing executive bonuses and banning stock options at bailed-out companies. ...
Tue 31st March 2009 - 06:25am
Swatch chief says situation improving
GENEVA AFP - Swatch Group- the worlds biggest watchmaker- on Monday said orders begun picking up in March- suggesting the situation was -amp quotimproving -amp quot for the industry. ...
Tue 31st March 2009 - 06:24am
GENEVA AFP - Swatch Group- the worlds biggest watchmaker- on Monday said orders begun picking up in March- suggesting the situation was -amp quotimproving -amp quot for the industry. ...
Tue 31st March 2009 - 06:24am
Oil falls over 7 pct on dollar- stock market
NEW YORK- March 30 - Oil dropped by more than 7 percent to below $49 a barrel on Monday- weighed down by the stronger U.S. dollar and weaker stock markets. ...
Tue 31st March 2009 - 06:13am
NEW YORK- March 30 - Oil dropped by more than 7 percent to below $49 a barrel on Monday- weighed down by the stronger U.S. dollar and weaker stock markets. ...
Tue 31st March 2009 - 06:13am
G20 views converging ahead of summit- Trichet
BRUSSELS AFP - The views of the members of the Group of 20 major world economies are converging ahead of a crunch meeting in London this week- European Central Bank President Jean-Claude Trichet said Monday. ...
Tue 31st March 2009 - 05:26am
BRUSSELS AFP - The views of the members of the Group of 20 major world economies are converging ahead of a crunch meeting in London this week- European Central Bank President Jean-Claude Trichet said Monday. ...
Tue 31st March 2009 - 05:26am
Spain calls for IMF reforms amid financial crisis
MADRID AFP - Spanish Prime Minister Jose Luis Rodriguez Zapatero told the visiting head of the IMF on Monday the body should be reformed to be better able to respond to the financial crisis- the government said. ...
Tue 31st March 2009 - 04:54am
MADRID AFP - Spanish Prime Minister Jose Luis Rodriguez Zapatero told the visiting head of the IMF on Monday the body should be reformed to be better able to respond to the financial crisis- the government said. ...
Tue 31st March 2009 - 04:54am
Barclays rules out govt help- says doing well
LONDON AFP - British bank Barclays said Monday that it will not take part in a government insurance scheme for risky assets that could have led to the lenders partial nationalisation. ...
Tue 31st March 2009 - 04:51am
LONDON AFP - British bank Barclays said Monday that it will not take part in a government insurance scheme for risky assets that could have led to the lenders partial nationalisation. ...
Tue 31st March 2009 - 04:51am
EU defends three-year golden parachute
BRUSSELS AFP - The European Commission on Monday defended its golden parachute system for former commissioners- under which they can get up to 65 percent of their salary for three years after leaving their post. ...
Tue 31st March 2009 - 04:40am
BRUSSELS AFP - The European Commission on Monday defended its golden parachute system for former commissioners- under which they can get up to 65 percent of their salary for three years after leaving their post. ...
Tue 31st March 2009 - 04:40am
Social- economic stability inseparable- G8
ROME AFP - The world economy cannot recover without concrete steps to assure social stability- Group of Eight labour ministers said Monday as the OECD warned of deep recession in wealthy countries and worldwide hardship. ...
Tue 31st March 2009 - 04:32am
ROME AFP - The world economy cannot recover without concrete steps to assure social stability- Group of Eight labour ministers said Monday as the OECD warned of deep recession in wealthy countries and worldwide hardship. ...
Tue 31st March 2009 - 04:32am
Safe haven dollar firmer as stock markets fall
LONDON AFP - The dollar was firmer against the euro on Monday as a return of risk aversion buoyed the currency in the face of tumbling stock markets- dealers said. ...
Tue 31st March 2009 - 04:22am
LONDON AFP - The dollar was firmer against the euro on Monday as a return of risk aversion buoyed the currency in the face of tumbling stock markets- dealers said. ...
Tue 31st March 2009 - 04:22am
Oil prices slide under $50 on economic woes
LONDON AFP - Oil prices sank underneath 50 dollars per barrel on Monday- in line with stock markets on renewed concerns for the global economy and the struggling US auto sector- traders said. ...
Tue 31st March 2009 - 04:18am
LONDON AFP - Oil prices sank underneath 50 dollars per barrel on Monday- in line with stock markets on renewed concerns for the global economy and the struggling US auto sector- traders said. ...
Tue 31st March 2009 - 04:18am
France curbs bonuses at bailed-out firms
PARIS AFP - French Prime Minister Francois Fillon on Monday unveiled a government decree curbing executive bonuses and banning stock options at bailed-out companies until the end of 2010. ...
Tue 31st March 2009 - 03:53am
PARIS AFP - French Prime Minister Francois Fillon on Monday unveiled a government decree curbing executive bonuses and banning stock options at bailed-out companies until the end of 2010. ...
Tue 31st March 2009 - 03:53am
Oil falls nearly 6 pct on dollar- stock market
NEW YORK- March 30 - Oil fell nearly 6 percent to below $50 a barrel on Monday- weighed down by the stronger U.S. dollar and a slump on global stock markets. ...
Tue 31st March 2009 - 03:50am
NEW YORK- March 30 - Oil fell nearly 6 percent to below $50 a barrel on Monday- weighed down by the stronger U.S. dollar and a slump on global stock markets. ...
Tue 31st March 2009 - 03:50am
France curbs bonuses at bailed-out firms
PARIS AFP - French Prime Minister Francois Fillon on Monday unveiled a government decree banning stock options and curbing executive bonuses at companies bailed out by the state until the end of 2010. ...
Tue 31st March 2009 - 02:30am
PARIS AFP - French Prime Minister Francois Fillon on Monday unveiled a government decree banning stock options and curbing executive bonuses at companies bailed out by the state until the end of 2010. ...
Tue 31st March 2009 - 02:30am
German economy shrinks faster in Q1- Bundesbank
FRANKFURT AFP - The German economy likely shrank faster in the first quarter of the year than the 2.1-percent contraction in the three months to December- Axel Weber- head of the central bank said on Monday. ...
Tue 31st March 2009 - 02:27am
FRANKFURT AFP - The German economy likely shrank faster in the first quarter of the year than the 2.1-percent contraction in the three months to December- Axel Weber- head of the central bank said on Monday. ...
Tue 31st March 2009 - 02:27am
Oil falls towards $50- US dollar strengthens
LONDON- March 30 - Oil fell over $2 on Monday- briefly dipping below $50 a barrel for the first time since March 19- pressured by a stronger U.S. dollar and a slump on global stock markets. ...
Tue 31st March 2009 - 02:25am
LONDON- March 30 - Oil fell over $2 on Monday- briefly dipping below $50 a barrel for the first time since March 19- pressured by a stronger U.S. dollar and a slump on global stock markets. ...
Tue 31st March 2009 - 02:25am
France curbs bonuses at bailed-out firms
PARIS AFP - French Prime Minister Francois Fillon on Monday unveiled a government decree banning stock options and curbing executive perks at bailed-out companies until the end of 2010. ...
Tue 31st March 2009 - 01:56am
PARIS AFP - French Prime Minister Francois Fillon on Monday unveiled a government decree banning stock options and curbing executive perks at bailed-out companies until the end of 2010. ...
Tue 31st March 2009 - 01:56am
Oil dips below $50- US dollar strengthens
LONDON- March 30 - Oil dipped below $50 a barrel on Monday for the first time since March 19- pressured by a stronger U.S. dollar and a slump on global stock markets. ...
Tue 31st March 2009 - 12:50am
LONDON- March 30 - Oil dipped below $50 a barrel on Monday for the first time since March 19- pressured by a stronger U.S. dollar and a slump on global stock markets. ...
Tue 31st March 2009 - 12:50am
Spain inflation falls for first time since 1961
MADRID AFP - Spain in March recorded its first ever annual decline in annual inflation since records began- provisional data showed Monday- but the government played down the risk of deflation. ...
Tue 31st March 2009 - 12:19am
MADRID AFP - Spain in March recorded its first ever annual decline in annual inflation since records began- provisional data showed Monday- but the government played down the risk of deflation. ...
Tue 31st March 2009 - 12:19am
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