US producer prices dip in March
WASHINGTON AFP - US wholesale prices fell sharply in March after two consecutive months of rise- surpassing analysts expectations- according to Labor Department data published on Tuesday. ...
US recession easing- Bernanke says
Federal Reserve chief Ben Bernanke says there are initial signs that the prolonged US recession may be easing but warned of the need for financial stability. ...
Qantas head warns unions against striking
Qantas has warned unions that striking over jobs cuts will only cause more damage to the company. ...
US retail sales fall in March
US retail sales fell unexpectedly in March- delivering a setback to hopes that the economy's steep slide could be bottoming out. ...
Qantas head warns unions against striking
Qantas has warned unions that striking over jobs cuts will only cause more damage to the company. ...
Fiat boss could become Chrysler CEO- report
MILAN AFP - The head of the FIat car group- Sergio Marchionne- could become the new head of struggling US giant Chrysler under a tie-up between the companies- an industry magazine reported on Tuesday. ...
Former MP and business leader dies
South Australian businessman Don Laidlaw has died. ...
Kleenmaid directors defend financial record
The directors of Kleenmaid Appliances have defended their handling of the companys finances. ...
Qantas shares bounce back after job cut news
Shares in Qantas have reversed a sharp plunge to close higher- despite the airline announcing big job cuts and a lower profit forecast. ...
Analysts tackle banks on rate cut claims
Claims by the banks that higher funding costs have prevented them from passing on recent interest rates cuts have been shot down by analysts. ...
Investors angry over BrisConnections outcome
BrisConnections investors will still have to make further payments later this month after a motion to wind up the company was voted down in unusual circumstances. ...
Unions scramble as Qantas swings the axe
Unions are seeking an urgent meeting with Qantas over the airlines plan to axe up to 1-750 jobs. ...
Culled workers face dire job market
Qantas will dump 500 management staff into a job market that's the worst since the last recession in 1991. ...
Lihir to sack 200 workers at Ballarat
Lihir Gold Ltd will shed 200 workers from its underperforming mining operation in Ballarat. ...
Qantas to axe 1-750 as downturn bites
Qantas Airways Ltd will cull up to 1-750 jobs and has flagged a second half loss as it battles a dramatic downturn in the aviation industry. ...
Developer scuttles BrisConnections vote
The major shareholder in Australia's largest road tunnel project has torpedoed his own plan to wind up the company- selling his voting rights for $4.5 million. ...
Lihir to sack 200 workers at Ballarat
Lihir Gold Ltd will shed 200 workers from its underperforming mining operation in Ballarat. ...
Investors angry over BrisConnections outcome
BrisConnections investors will still have to make further payments later this month after a motion to wind up the company was voted down in unusual circumstances. ...
Broadband cost could be halved- analyst
Telstra's establishment of a committee to liaise with the government on its broadband initiative illustrates the private sector's willingness to be involved. ...
Macmahon Holdings faces heat from ASX
Civil engineering and contract mining company Macmahon Holdings Ltd says it announced a major contract win as soon as possible. ...
Australia shares hits 3-month peak on bank hopes
SYDNEY- April 14 - Australian stocks hit their highest intraday level in around three months on Tuesday as tentative hopes the world economy has found a bottom encouraged buying of banks such as Westpac Banking Corp WBC. ...
GM bankruptcy wont be swift or simple- analysts
DETROIT- Michigan AFP - A government-steered bankruptcy of struggling automaker General Motors would likely not be swift or simple despite the best efforts of the US Treasury Department- turnaround experts warn. ...
Dioro advises no action on Avoca bid
Dioro Exploration NL wants more information on Avoca's $49 million takeover offer before it decides whether to accept the bid from the fellow gold miner. ...
-amp 39Shocking future' for electricity supply
Electricity supplies could be jeopardised by a double whammy of emissions trading and the financial crisis- the industry says. ...
Less than half to spend bonus- survey
Under half of the taxpayers receiving the latest federal government stimulus payments intend to spend all or part of the cash- a survey has found. ...
BoQ cuts SVR on mortgages by 10bps
Bank of Queensland Ltd BoQ has cut its standard variable rate on mortgages by 10 basis points- in line with other banks. ...
Unions scramble as Qantas swings the axe
Unions are seeking an urgent meeting with Qantas over the airlines plan to axe up to 1-750 jobs. ...
Stocks in Kuwaits troubled Gulf Bank dive
KUWAIT CITY AFP - Shares in Kuwaits Gulf Bank dived more than 50 percent when they resumed trading on Tuesday after a six-month suspension over massive losses from derivative trading. ...
Banking stocks lead market higher
The Australian share market closed up 2.21 per cent after a strong performance by the banks and a recovery from Qantas.The ASX 200 finished 81 points higher at 3-753 and the All Ordinaries index close ...
Oz Minerals buyout welcomed
The West Coast Mayor- Darryl Gerrity- is predicting the Avebury nickel mine near Zeehan will be operating again by Christmas. ...
Regis chief slams renegade shareholders
Regis Resources' chief executive has lashed at a group of dissident shareholders who have been at the forefront of a putsch to oust the gold miner's directors. ...
Is the choke-hold on the global economy easing
PARIS AFP - There are now signs the recession-imposed choke-hold on the world economy could be starting to ease as multi-billion-dollar government stimulus measures bear fruit- according to heavily qualified assessments from a growing number of analysts. ...
-amp 39Shocking future' for electricity supply
Electricity supplies could be jeopardised by a double whammy of emissions trading and the financial crisis- the industry says. ...
Traders say tax slug a threat
Traders at the Adelaide Produce Markets at Pooraka says rising land taxes could force some out of business. ...
Fujitsu Updates Business PC Lineups
Tokyo- Apr 14- 2009 - ACN Newswire - Fujitsu Limited today announced across-the-line updates for its FMV-ESPRIMO desktop and FMV-LIFEBOOK laptop business PCs- comprising a total of seven series and 31 models1. Sales of the new models begin in Japan today. ...
Australian shares climb 2.2 pct on bank optimism
SYDNEY- April 14 - Australian shares jumped 2.2 percent on Tuesday- and hit a three-month peak during the session- as optimism U.S. banks may post decent earnings encouraged some buying of bank stocks such as Westpac WBC. ...
Car industry hits back at closure talk
Australia's car industry has rejected as nonsense suggestions that it's just a matter of time before the country's local vehicle producers close their doors. ...
ETS 'may hit power- utilities sector'
The power sector faces a risk to its credit worthiness because of deregulation and exposure to the government's proposed ETS- a survey finds. ...
Only 42 plan to spend bonus- survey
Fewer than half the taxpayers receiving the federal government's cash bonus plan to spend it- says a survey by St George Bank. ...
BoQ cuts SVR on mortgages by 10bps
Bank of Queensland Ltd BoQ has cut its standard variable rate on mortgages by 10 basis points- in line with other banks. ...
Qantas jobs cuts 'won't affect service'
Qantas Airways Ltd chief executive Alan Joyce says the airline's plan to axe up to 1-750 jobs will not affect its level of customer service. ...
Geothermal venture reports promising find
Geothermal company Torrens Energy says its exploration project north of Port Augusta in South Australia has detected significant heat flows. ...
Unions scramble as Qantas swings the axe
Unions are seeking an urgent meeting with Qantas over the airlines plan to axe up to 1-750 jobs. ...
Philips reports 57 million euro net loss
THE HAGUE AFP - Dutch electronics giant Philips on Tuesday reported a 57 million euro 76 million dollar net loss for the first quarter of 2009 and a 17 percent decline in sales to 5.1 billion euros. ...
ETS 'may hit power- utilities sector'
The power sector faces a risk to its credit worthiness because of deregulation and exposure to the government's proposed ETS- a survey finds. ...
Vic Govt quiet on tax cuts in May budget
The Victorian Government will not say whether tax cuts will be included in the May budget. ...
Fall in lending to businesses continues
Commitments to lend to businesses fell by 14.7 per cent to a 42-month low in February. ...
Developer scuttles BrisConnections vote
One of the partners in Australia's largest road tunnel has scuttled a vote on winding up the company behind the project. ...
Dioro shares jump as Avoca announces bid
Avoca Resources has taken a thinly veiled swipe at its takeover target Dioro- saying it could help the fellow WA gold miner make the most of its assets. ...
Singapore economy may shrink up to 9
Singapore on Tuesday loosened its monetary policy as fresh data showed the export-dependent economy is projected to shrink by up to 9.0 per cent in 2009. ...
Business conditions continue to weaken
Business conditions continue to weaken in March although at a slower pace than during February- a survey shows. ...
American Airlines adds new Boeing jet
American Airlines will add the first of 76 new Boeing jets to its fleet this week in a move that the carrier hopes will cut fuel and maintenance costs. ...
Thai protests 'hurting tourism industry'
Thailand's battered tourism sector could shed up to 200-000 jobs this year- with street battles in Bangkok triggering mass cancellations- industry experts say. ...
Tiangong International Announces 2008 Annual Results- Revenue Increased by 14.8 to RMB1-993.3 million Revenue and Gross Margin of Die Steel Business
Hong Kong- Apr 8- 2009 - JCN Newswire - Chinas largest integrated HSS and HSS cutting tools manufacturer - Tiangong International Company Limited -amp quotTiangong International -amp quot or -amp quotCompany -amp quot- stock code- 826- today announced its annual results for the year ended 31 December 2008 the -amp quotyear under review -amp quot. ...
Business conditions continue to weaken
Business conditions continue to weaken in March although at a slower pace than during February- a survey shows. ...
Holden hits back at industry speculation
An auto industry observer is indulging in shameless self-promotion in sounding the death knell of the Australian car manufacturing industry- Holden says. ...
Victoria launches bid for broadband network headquarters
The Victorian Government says the headquarters of the National Broadband Network should be located in Victoria. ...
Japans Sumitomo Metal eyes India venture- report
TOKYO AFP - Japans Sumitomo Metal Industries Ltd. ...
Traders say tax slug a threat
Traders at the Adelaide Produce Markets at Pooraka says rising land taxes could force some out of business. ...
OneSteel announces trading halt
Australia's second largest steel maker- OneSteel Ltd- has announced a trading halt- pending an announcement about its financial outlook. ...
Thai protests 'hurting tourism industry'
Thailand's battered tourism sector could shed up to 200-000 jobs this year- with street battles in Bangkok triggering mass cancellations- industry experts say. ...
Qantas to cut 1-750 jobs as profits dive
Qantas has announced it will axe 500 management positions and up to 1-250 equivalent full-time positions will be affected because of the global financial crisis. ...
Kleenmaid owes creditors $73m
The administrators appointed to Kleenmaid estimates the company owes about $73 million to creditors. ...
Victoria launches bid for broadband network headquarters
The Victorian Government says the headquarters of the National Broadband Network should be located in Victoria. ...
Victoria launches bid for broadband network headquarters
The Victorian Government says the headquarters of the National Broadband Network should be located in Victoria. ...
No guarantees for Kleenmaid customers
Kleenmaid's administrator can't guarantee customers who've paid a deposit or the full amount for kitchen appliances will get their goods or a refund. ...
BrisConnections wind-up motion defeated
Unit holders in the troubled developer BrisConnections have failed in their bid to wind up the company. ...
Qantas to cut 1-750 jobs as profits dive
Qantas has announced it will axe 500 management positions and up to 1-250 equivalent full-time positions will be affected because of the global financial crisis. ...
Shareholders vote down motion to wind up BrisConnections
A motion to wind up BrisConnections has been voted down at an extraordinary general meeting in Brisbane. ...
Shareholders vote down motion to wind up BrisConnections
A motion to wind up BrisConnections has been voted down at an extraordinary general meeting in Brisbane. ...
Turnbull attacks Rudd Net broadband
Opposition Leader Malcolm Turnbull says the Governments proposed $43 billion national broadband network will never be commercially viable and has demanded the Government show evidence of what its commercial return might be. ...
Army occupies Fijis Reserve Bank- NZ
New Zealands Foreign Minister says Fijis military has taken over the countrys Reserve Bank RBF in the capital Suva amid a crackdown on dissenters- the court system and foreign media. ...
Army occupies Fijis Reserve Bank- NZ
New Zealands Foreign Minister says Fijis military has taken over the countrys Reserve Bank RBF in the capital Suva amid a crackdown on dissenters- the court system and foreign media. ...
Carnegie signs $250m deal with Investec
Shares in Carnegie Corporation Ltd soared after the wave power hopeful signed a $250 million project financing deal with banking giant Investec. ...
Australia shares jump banks lead on earnings hopes
SYDNEY- April 14 - Australian stocks jumped over 2 percent on Tuesday as optimism for decent quarterly results from U.S. banks lifted financials such as Westpac WBC- but Qantas shares skidded after the airline slashed its profit forecast. ...
Singapore economy may shrink up to 9
Singapore on Tuesday loosened its monetary policy as fresh data showed the export-dependent economy is projected to shrink by up to 9.0 per cent in 2009. ...
Personal finance commitments fall 0.2
Total personal finance commitments fell 0.2 per cent in February- seasonally adjusted- to $6.493 billion- compared with $6.508 billion in January. the ABS said. ...
Business decline slows in February
Business conditions continued to falter in March although at a slower pace than in February- a survey shows. ...
Packer family severs its rural ties
The Packer family's 26-year involvement in Australia's cattle industry has ended with the finalisation of the sale of its stake in CPC. ...
Qantas to cut 1-750 jobs as profits dive
Qantas has announced it will axe 500 management positions and up to 1-250 equivalent full-time positions will be affected because of the global financial crisis. ...
Qantas to cut 1-750 jobs as profits dive
Qantas has announced it will axe 500 management positions and up to 1-250 equivalent full-time positions will be affected because of the global financial crisis. ...
500 jobs axed as crisis hurts Qantas profits
Qantas has announced it will axe 500 management positions and up to 1-250 equivalent full-time positions will be affected because of the global financial crisis. ...
500 jobs axed as crisis hurts Qantas profits
Qantas has announced it will axe 500 management positions and up to 1-250 equivalent full-time positions will be affected because of the global financial crisis. ...
Telstra sets up broadband plan committee
Telstra has set up a special committee to negotiate with the federal government about its national broadband network plan. ...
Qantas may cut 1-500 jobs as demand dips
Qantas says more than 1500 jobs could go as it reduces capacity in the face of rapidly deteriorating trading conditions. ...
OZ Minerals- Minmetals agree sale terms
Zinc and gold miner OZ Minerals has formally agreed on terms to sell many of its assets to a Chinese state-owned company. ...
IBA Health Limited ASX-IBA Successfully Completes Pro-Rata Entitlement Offer
Sydney- Australia- Apr 14- 2009 - ABN Newswire - IBA Health Group Limited ASX-IBA has successfully completed its 2 for 7 accelerated non-renounceable entitlement offer- raising a total of approximately A $123.6 million.The entitlement offer comprised an institutional component- an offer to eligible retail shareholders and a convertible note offer. ...
Australian shares up 1.8 pct- banks lead
SYDNEY- April 14 - Australian shares gained 1.8 percent on Tuesday- led by bank stocks such as Westpac WBC- though Qantas Airways QAN fell sharply after it slashed its full-year profit forecasts. ...
Qantas may cut 1-500 jobs as demand dips
Qantas says more than 1500 jobs could go as it reduces capacity in the face of rapidly deteriorating trading conditions. ...
Aussie dlr firm near 6-mth highs on global cheer
SYDNEY- April 14 - The Australian dollar hit fresh six-month highs against the yen on Tuesday and held firm against the U.S. dollar- as higher stock markets and optimism about the global economy boosted appetite for higher-yielding currencies. ...
Telstra sets up broadband plan committee
Telstra has set up a special committee to negotiate with the federal government about its national broadband network plan. ...
BrisConnections meeting given go-ahead
The Supreme Court in Brisbane has ruled that a meeting of BrisConnections unitholders can go ahead. ...
Telstra sets up broadband plan committee
Telstra has set up a special committee to negotiate with the federal government about its national broadband network plan. ...
500 jobs axed as crisis hurts Qantas profits
Qantas has announced it will axe 500 management positions and up to 1-250 equivalent full-time positions will be affected because of the global financial crisis. ...
Qantas to cut 500 management positions
Qantas has flagged further jobs cuts- capacity reduction and downgraded its annual profit forecast due to rapidly deteriorating trading conditions. ...
Court permits BrisConnections vote
A court has allowed a vote of unit holders on winding up the troubled developer BrisConnections to go ahead on Tuesday. ...
Tourism industry works toward accreditation
Central Australias tourism industry says operators must start getting the proper accreditation to meet new Government requirements. ...
BrisConnections meeting given go-ahead
The Supreme Court in Brisbane has ruled that a meeting of BrisConnections unitholders can go ahead. ...
Doubt cast over Metro rail project
Sydney Metros chief executive says there is no truth to reports the State Governments planned CBD Metro rail system will not work. ...
OneSteel seeks two-day trading halt
OneSteel Ltd is in a trading halt pending an announcement about its financial outlook. ...
General Motors stock skids on bankruptcy reports
WASHINGTON AFP - General Motors skidded on the stock market Monday after reports that the government was directing the troubled auto giant to lay the groundwork for a June 1 bankruptcy filing. ...
Turnbull attacks Ruddnet broadband
Opposition Leader Malcolm Turnbull says the Governments proposed $43 billion national broadband network will never be commercially viable and has demanded the Government show evidence of what its commercial return might be. ...
Brisbane Airport confident tourism will recover
The Brisbane Airport Corporation BAC says it is confident a steep decline in passenger numbers because of the global economic downturn will be reversed quickly. ...
Oil prices slip after IEA downgrades global demand
NEW YORK AFP - Crude oil prices slid Monday after the International Energy Agency lowered its projection of global demand for this year. ...
Exxon CEO gets $A33.7m in 2008 pay
Exxon Mobil rewarded its chief executive with a 10 per cent raise that brought his total compensation to $23.9m $A33.7m- according to a filing analysis. ...
Black hole looms over defined benefits super funds
One of the older but still widespread forms of superannuation for many Australians is creaking under the weight of the global financial crisis. ...
Wombat poo paper industry booming
The industrial town of Burnie in north-west Tasmania has been hit time and time again by job cuts but one industry is going from strength to strength. ...
Australia shares seen firmer- resources to lead
In the U.S.- the S -amp ampP 500 .SPX and Nasdaq .IXIC rose on Monday on optimism ahead of quarterly reports from the top banks though the Dow .DJI slipped on a disappointing earnings forecast from aircraft maker Boeing BA.N. ...
Exxon CEO gets $A33.7m in 2008 pay
Exxon Mobil rewarded its chief executive with a 10 percent raise that brought his total compensation to $23.9 million $A33.7m- according to a filing analysis. ...
IMF approves $735 mln standby loan for Costa Rica
WASHINGTON AFP - The International Monetary Fund said Monday it had approved a 735-million-dollar standby loan for Costa Rica to help it weather the global financial and economic crisis. ...
Madoff taken to bankruptcy court
Some investors have taken Bernard Madoff to bankruptcy court. ...
Post-Easter turbulence shakes Wall St
Wall Street has shed about a third of a per cent after choppy trading which saw sharp falls early in the session as the market returned from the Easter long weekend. ...
Crisis means curtains for Holden- expert
Australia's car industry will not survive the economic recession- and Holden will probably be the first to go- an industry expert says. ...
Workers inconvenienced by shutdown
The Miscellaneous Workers Union says Bridgestone workers in South Australia are being forced to take annual leave over the next two weeks for a factory shutdown. ...
Madoff taken to bankruptcy court
Some investors have taken Bernard Madoff to bankruptcy court. ...
Oil prices slip after IEA downgrades global demand
NEW YORK AFP - Crude oil prices slid Monday after the International Energy Agency lowered its projection of global demand for this year. ...
Goldman 1Q earnings surpass estimates
Goldman Sachs has beat Wall Street's earnings expectations- reporting profit of $US1.66 billion $A2.3 billion during the first three months of this year. ...
Banking group calls for boost to IMF funding
WASHINGTON AFP - A global financial industry group Monday called on the Group of 20 countries to act swiftly to boost International Monetary Fund resources to deal with a deteriorating world economy. ...
Vote due on airport tunnel builder
The future of Australia's longest road tunnel will be clarified on Tuesday when BrisConnections unit holders meet in Brisbane to vote on winding up the company. ...
US stocks lower on profit taking
NEW YORK AFP - US stocks opened lower Monday on profit taking after five consecutive weeks of gains and ahead of a plethora of corporate earnings data to be released. ...
Turkmenistan may seek damages over pipeline blast
ASHGABAT AFP - Turkmenistan may seek financial damages over a pipeline blast that cut off gas exports to Russia last week- the foreign ministry said Monday. ...
Goldman raises $5.5 bln for equity investments
WASHINGTON AFP - US banking giant Goldman Sachs said Monday it had raised 5. ...
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