Petsec shares fall after production cuts
Shares in Petsec Ltd Energy have fallen after the in oil and gas producer announced quarterly production had halved compared to the same period last year. ...
Thu 16th April 2009 - 11:32pm
US sees surprise drop in weekly jobless claims
WASHINGTON AFP - New US jobless claims fell by 8. ...
Thu 16th April 2009 - 11:11pm
JPMorgan reveals Q1 profit of $2.1 bln
NEW YORK AFP - US banking giant JPMorgan Chase announced on Thursday it had made net profit of 2. ...
Thu 16th April 2009 - 10:13pm
China Eastern Airlines reports huge loss in 2008
SHANGHAI AFP - China Eastern Airlines said it suffered a net loss of 15.3 billion yuan 2. ...
Thu 16th April 2009 - 09:33pm
Eurozone factories suffer record output slump
BRUSSELS AFP - Factories and refineries in the 16 countries using the euro cut production in February at the fastest pace on record in the face of a global slump- official EU data showed on Thursday. ...
Thu 16th April 2009 - 09:21pm
Internet security fears heighten- survey
A majority of respondents believe the economic downturn will increase the risk of identity theft and financial fraud- a study finds. ...
Thu 16th April 2009 - 09:20pm
Euro slips under $1.32
LONDON AFP - The European single currency fell under 1. ...
Thu 16th April 2009 - 09:10pm
Gunns 20 reject settlement offer
A group of environmentalists has rejected a settlement offer from the Tasmanian timber company Gunns in a long-running court case- which could now proceed to trial. ...
Thu 16th April 2009 - 08:12pm
European stocks follow Wall Street higher
LONDON AFP - Europes main stock markets advanced Thursday- after Wall Street soared overnight- as investors digested poor Chinese economic growth ahead of key US data and bank results. ...
Thu 16th April 2009 - 07:48pm
Fiji tells Aussie banks to cut rates
Fiji's central bank has directed the Australian banks operating in the island group to cut interest rates and step up their lending to small business. ...
Thu 16th April 2009 - 07:43pm
OneSteel rapped as profit guidance dives
The head of OneSteel Ltd has defended its large cut in profit guidance amid criticism that the steel maker has taken on too much debt for a cyclical business. ...
Thu 16th April 2009 - 07:42pm
Banks must help small business- Emerson
The federal government has told a meeting of major bankers that they must support small business during the economic slowdown. ...
Thu 16th April 2009 - 07:25pm
Growth worse than forecast- Swan
The halving of China's economic growth in the past year is evidence of the global recession's impact on Australia's mining boom- Treasurer Wayne Swan says. ...
Thu 16th April 2009 - 07:24pm
Investor anger exposes Chinalco deal
Rio Tinto's planned $US19.5 billion deal with Aluminum Corporation of China Chinalco is coming under increased scrutiny following investor anger in London. ...
Thu 16th April 2009 - 07:17pm
US Fed Reserve notes signs of recovery
The US Federal Reserve says there are some faint signs the steep plunge in economic activity that began last year is starting to level off. ...
Thu 16th April 2009 - 07:16pm
Auto workers blast Fiat wage cut plans
A Canadian Auto Workers union head slammed reported threats by Fiat that it may walk away from a tie-up with Chrysler unless unions agreed to lower wage deals. ...
Thu 16th April 2009 - 07:14pm
Woodside seeks solidarity over new site
Woodside Petroleum has yet to convince its Browse Basin joint venture partners to use a site north of Broome as a liquefied natural gas processing hub. ...
Thu 16th April 2009 - 07:12pm
NAB backflips on youth savings rate drop
National Australia Bank NAB Ltd says it -amp quotgot it wrong -amp quot when it cut interest rates on a youth savings account by the full amount of the official drop in rates. ...
Thu 16th April 2009 - 06:55pm
OneSteel rapped as profit guidance dives
OneSteel Ltd has come under fire from market observers over its level of debt- after the steel market slashed its profit guidance by up to 47 per cent. ...
Thu 16th April 2009 - 06:54pm
Legal action taken against Bell Potter
Former clients of Bell Potter Securities are taking legal action against the investment firm for recommending stock in a share offer it was partly underwriting. ...
Thu 16th April 2009 - 06:50pm
Timbercorp looks to renegotiate debt
Agribusiness investment firm Timbercorp Ltd says it may not be able to continue as a going concern unless it renegotiates its debt facilities or restructures. ...
Thu 16th April 2009 - 06:45pm
AACo shareholder to oppose station deal
One of Australian Agricultural Company's biggest shareholders says it will oppose the beef producer's proposed acquisition of two neighbouring cattle stations. ...
Thu 16th April 2009 - 06:41pm
Investor anger exposes Chinalco deal
Rio Tinto's planned $US19.5 billion deal with Aluminum Corporation of China Chinalco is coming under increased scrutiny following investor anger in London. ...
Thu 16th April 2009 - 06:37pm
Alpine creditors vote for liquidation
The director of failed building firm Alpine Constructions has told a meeting of creditors in Adelaide that he did not keep trading while insolvent. ...
Thu 16th April 2009 - 06:31pm
Alpine creditors vote for liquidation
The director of failed building firm Alpine Constructions has told a meeting of creditors in Adelaide that he did not keep trading while insolvent. ...
Thu 16th April 2009 - 06:30pm
Woolworths sales growth to slow- analyst
Supermarket giant Woolworths Ltd's third quarter sales growth will slow as a result of falling petrol prices- analysts predict. ...
Thu 16th April 2009 - 05:51pm
Bolton-BrisConnections deal catches ASICs eye
The Australian Securities and Investments Commission ASIC is examining the deal struck with investor Nicholas Bolton that allowed the BrisConnections wind-up vote to fail on Tuesday. ...
Thu 16th April 2009 - 05:39pm
Industrial shares drive local market up
The Australian share market was higher today- led by gains in the industrial sector. ...
Thu 16th April 2009 - 05:37pm
Industrial shares drive local market up
The Australian share market has closed higher- led by gains in the industrial sector. ...
Thu 16th April 2009 - 05:33pm
Australia shares at 3-mth high China checks gains
MELBOURNE- April 16 - Australian stocks climbed 0.75 percent to their highest close in over three months on Thursday- though they came off early highs as slow Chinese growth dampened optimism that the world economic downturn may soon ease. ...
Thu 16th April 2009 - 05:26pm
Bolton-BrisConnections deal catches ASICs eye
The Australian Securities and Investments Commission ASIC is examining the deal struck with investor Nicholas Bolton that allowed the BrisConnections wind-up vote to fail on Tuesday. ...
Thu 16th April 2009 - 05:25pm
Australia shares 3-month high China checks gains
MELBOURNE- April 16 - Australian stocks climbed 0.75 percent to their highest close in over three months on Thursday- though they came off early highs as slow Chinese growth dampened optimism that the world economic downturn may soon ease. ...
Thu 16th April 2009 - 05:23pm
Jilin boosts stake in Metallica Minerals
The board of Queensland Ores Ltd has accepted an all-scrip takeover offer from Metallica Minerals- despite the bid's value falling below that of a rival offer. ...
Thu 16th April 2009 - 05:19pm
Woolworths sales growth to slow- analyst
Supermarket giant Woolworths Ltd's third quarter sales growth will slow as a result of falling petrol prices- analysts predict. ...
Thu 16th April 2009 - 05:17pm
Minmetals deal 'a complete solution'
OZ Minerals has described a $US1.2 billion revised takeover bid by China's Minmetals as a complete solution to the diversified miner's debt refinancing woes. ...
Thu 16th April 2009 - 05:16pm
Harley wheel maker cutting jobs
The Harley Davidson wheel maker New Castalloy is cutting production and shedding 25 jobs because of the global economic downturn. ...
Thu 16th April 2009 - 05:11pm
Multimedia publishers and corporate communicators to compete in Asian Publishing Awards
Singapore- Apr 16- 2009 - ACN Newswire - Entries for the 3rd Annual Asian Multimedia Publishing Awards are now being accepted- with the deadline for submission set on May 22- 2009. Incorporated into the competition are the Asian Multimedia Publishing Awards AMPA- the Asian Book PublishingAwards- and the Asian Corporate Communications Awards. ...
Thu 16th April 2009 - 04:52pm
Harley wheel maker cutting jobs
The Harley Davidson wheel maker New Castalloy is cutting production and shedding 25 jobs because the global economic downturn. ...
Thu 16th April 2009 - 04:51pm
Iluka quarter sales revenue down 77.2
Iluka Resources Ltd says total mineral sands sales revenue for the March quarter fell 77.2 per cent compared to the previous corresponding period. ...
Thu 16th April 2009 - 04:40pm
Australand downgrades profit outlook
Commercial and residential property developer Australand Property Group has downgraded its profit outlook amid a sliding market and rising financing costs. ...
Thu 16th April 2009 - 04:35pm
Petsec shares fall after production cuts
Shares in Petsec Ltd Energy have fallen after the oil and gas producer announced quarterly production had halved compared to the same period last year. ...
Thu 16th April 2009 - 04:32pm
Woodside rules out human error for fire
Woodside Petroleum says a fire that caused the temporary shut-down of its Vincent oil field was not due to human error. ...
Thu 16th April 2009 - 04:32pm
Internet security fears heighten- survey
A majority of respondents believe the economic downturn will increase the risk of identity theft and financial fraud- a study finds. ...
Thu 16th April 2009 - 04:27pm
China's economic growth slows to 6.1
China's economy grew at its slowest pace in at least a decade during the first quarter as the global financial crisis battered trade. ...
Thu 16th April 2009 - 04:26pm
Australia shares at 3-month high China checks gains
MELBOURNE- April 16 - Australian stocks climbed 0.75 percent to their highest close in over three months on Thursday- though they came off early highs as slow Chinese growth data dampened optimism that the world economic downturn may soon ease. ...
Thu 16th April 2009 - 04:24pm
Timbercorp looks to renegotiate debt
Agribusiness investment firm Timbercorp Ltd says it may not be able to continue as a going concern unless it renegotiates its debt facilities or restructures. ...
Thu 16th April 2009 - 03:26pm
PMP culls 67 jobs- cuts earnings target
A downturn in advertising volumes and contract work has forced the nation's biggest contract printer- PMP- to cut its profit target and retrench 67 jobs. ...
Thu 16th April 2009 - 03:23pm
Minmetals deal 'a complete solution'
OZ Minerals has described a $US1.2 billion revised takeover bid by China's Minmetals as -amp quota complete solution -amp quot to the diversified miner's debt refinancing woes. ...
Thu 16th April 2009 - 03:18pm
Last-ditch attempt to save Garudas Darwin-Denpasar route
The Territory Government says it will make a last-ditch attempt to keep the Garuda Airlines route between Darwin and Denpasar. ...
Thu 16th April 2009 - 03:12pm
PMP culls 67 jobs- cuts earnings target
Australia's biggest contract printer- PMP Ltd- has cut its full year profit target and will eliminate 67 jobs following a review of its loss-making business. ...
Thu 16th April 2009 - 02:52pm
Minmetals deal 'a complete solution'
OZ Minerals has described a $US1.2 billion revised takeover bid by China's Minmetals as -amp quota complete solution -amp quot to the diversified miner's debt refinancing woes. ...
Thu 16th April 2009 - 02:46pm
China's economic growth slows to 6.1
China's economy grew at its slowest pace in at least a decade during the first quarter as the global financial crisis battered trade. ...
Thu 16th April 2009 - 02:38pm
Mitsubishi Motors lineup at Auto Shanghai 2009
Tokyo- Apr 16- 2009 - ACN Newswire - Mitsubishi Motors Corporation is to give the Lancer Sportback Ralliart Galant Fortis Sportback Ralliart in Japan its Chinese debut at the Auto Shanghai 2009- which will be held at the Shanghai New International Expo Center April 20th through 28th. ...
Thu 16th April 2009 - 02:37pm
Fujitsu and Cisco Expand Strategic Alliance to Deliver Unified Communications Solutions in Japan
Tokyo- Apr 16- 2009 - ACN Newswire - Fujitsu and Cisco today announced the expansion of their strategic alliance to deliver unified communications in the Japanese market. As a part of the expanded alliance- Fujitsu and Cisco have agreed to work together to develop unified communicationssolutions and collaborate on services and marketing activities. ...
Thu 16th April 2009 - 02:35pm
Minmetals deal 'a complete solution'
OZ Minerals has described a $US1.2 billion revised takeover bid by China's Minmetals as -amp quota complete solution -amp quot to the diversified miner's debt refinancing woes. ...
Thu 16th April 2009 - 02:28pm
Hundreds of Victorian jobs up in air
Scores of Victorian jobs have been cut or are uncertain as three more companies say the global financial downturn is having a significant impact on their business. ...
Thu 16th April 2009 - 02:13pm
Minmetals deal 'a complete solution'
OZ Minerals has described a $US1.2 billion revised takeover bid by China's Minmetals as -amp quota complete solution -amp quot to the diversified miner's debt refinancing woes. ...
Thu 16th April 2009 - 02:10pm
eBay to take over S Korean auction site
Online auction giant eBay on Thursday announced a takeover of South Korea's biggest auction website Gmarket- in a deal worth up to $A1.65 billion. ...
Thu 16th April 2009 - 01:59pm
Australia shares pare gains on China GDP Sedgman up
MELBOURNE- April 16 - Australian stocks were up 0.7 percent on Thursday- but pared gains after Chinese economic growth figures came in below some investors expectations- dampening optimism over a global economic recovery. ...
Thu 16th April 2009 - 01:57pm
Consumers turn to credit cards again
The total value of credit and charge card transactions- including advances- rose in February- new figures show. ...
Thu 16th April 2009 - 01:57pm
Hundreds of Victorian jobs up in air
Scores of Victorian jobs have been cut or are uncertain as three more companies say the global financial downturn is having a significant impact on their business. ...
Thu 16th April 2009 - 01:45pm
Legal action taken against Bell Potter
A class action has been launched against stockbroker Bell Potter Securities for recommending its clients buy stock in a share offer it was partly underwriting. ...
Thu 16th April 2009 - 01:42pm
Hundreds of Victorian jobs up in air
Scores of Victorian jobs have been cut or are uncertain as three more companies say the global financial downturn is having a significant impact on their business. ...
Thu 16th April 2009 - 01:38pm
Sons of Gwalia directors multi-million dollar payout
Administrators of the failed gold miner Sons of Gwalia say they have negotiated one of the largest settlements with company directors in the history of insolvency litigation in Western Australia. ...
Thu 16th April 2009 - 01:36pm
Sons of Gwalia directors multi-million dollar payout
Administrators of the failed gold miner Sons of Gwalia say they have negotiated one of the largest settlements with company directors in the history of insolvency litigation in Western Australia. ...
Thu 16th April 2009 - 01:34pm
Australian Market Report of April 16- Signs of Stability in the US
Sydney- Australia- Apr 16- 2009 - ABN Newswire - Overnight Wall Street closed firmer as the US Federal Reserves Beige Book report said activity in some sectors was stabilizing at a low level- although in general the recession deepened through early April. The report raised investors optimism that economy recovery is on the way. ...
Thu 16th April 2009 - 01:24pm
Consumers turn to credit cards again
The total value of credit and charge card transactions- including advances- rose in February- new figures show. ...
Thu 16th April 2009 - 01:19pm
Card transactions value 'up 3.1 in Feb'
The total value of credit and charge card transactions- including advances- rose in February- new figures show. ...
Thu 16th April 2009 - 12:49pm
Timbercorps future up in air as asset sale continues
The agribusiness Timbercorp says there is significant uncertainty about its future unless it can restructure its debt. ...
Thu 16th April 2009 - 12:47pm
Australia shares pare gains on China GDP BHP dips
MELBOURNE- April 16 - Australian stocks gave up some of their gains on Thursday to stand 0.9 percent higher after Chinese economic growth figures came in below some investors expectations- dampening optimism over a global economic recovery. ...
Thu 16th April 2009 - 12:46pm
AIG close to 2-billion-dollar sale of unit
NEW YORK AFP - US taxpayer-bailed out insurance giant AIG is in -amp quotadvanced talks -amp quot with Zurich Financial Services to sell its US personal lines insurance business for about two billion dollars- the Financial Times said. ...
Thu 16th April 2009 - 12:46pm
Timbercorp releases update on financial woes
The agricultural projects management company Timbercorp has released an update on its financial troubles after a share trading halt yesterday. ...
Thu 16th April 2009 - 12:43pm
67 jobs to go at Melbourne printing factory
The print and distribution company- PMP- says it is axing 67 jobs at its Clayton factory- in south-east Melbourne. ...
Thu 16th April 2009 - 12:25pm
Aussie dollar slips on record low China GDP bonds up
AUSTRALIAN CREDIT-FOREXSNAPSHOT FOREIGN EXCHANGE AT 0000 GMTagainst previous Sydney close AUD 0.7267-690.7154-59 AUDNZDR1.2603-251.2406-18 AUDJPYR 72.11-13 70 ...
Thu 16th April 2009 - 12:23pm
Chinese Nickel Major Jilin Moves to 15 Stake In Metallica Minerals Limited ASX-MLM
Brisbane- Australia- Apr 16- 2009 - ABN Newswire - Metallica Minerals Limited ASX-MLM is pleased to announce that Chinas second largest nickel producer- Jilin HOROC Nonferrous Metal Group Co.- Ltd Jilin- has increased its holding in the Australian diversified resource company to just over 15 see ASX Release 15 April 2009. ...
Thu 16th April 2009 - 12:22pm
Chartwell boss threatened by investors- court told
Bankrupt Geelong businessman Graeme Hoy has told the Victorian Supreme Court that he has been threatened by investors who were trying to recover money from Chartwell Enterprises. ...
Thu 16th April 2009 - 12:18pm
JV partners unsure on LNG hub- Woodside
Woodside Petroleum says its Browse Basin joint venture partners have not yet decided whether to use a site north of Broome as an LNG processing hub. ...
Thu 16th April 2009 - 11:51am
Qantas deliberately trying to lose business- union
The Transport Workers Union TWU says a dramatic increase in what Qantas is charging other airlines for baggage and ground services is a deliberate attempt to lose business. ...
Thu 16th April 2009 - 11:46am
Australia shares up 1.4 pct BlueScope slips
SYDNEY- April 16 - Australian stocks rose 1.4 percent on Thursday- with banks and property trusts lifted by hopes that fresh signs of a moderating recession in the United States would boost credit flows. ...
Thu 16th April 2009 - 11:45am
Sons of Gwalia directors multi-million dollar payout
Auditors of the failed gold miner Sons of Gwalia say they have negotiated one of the largest settlements with company directors in the history of insolvency litigation in Western Australia. ...
Thu 16th April 2009 - 11:44am
Midday Market Roundup 16-04-09
The market is up 53. The SFE Futures suggested a 58 point rise in the market this morning. Resources just up - BHP unchanged. Copper and Zinc both up over 5 last night and the respective metal stocks are flying again today. Property trusts all up. Financials up nearly 2. Banks all doing well after another strong night in US financials. Industrials up 2.5 with the majors all up.The Dow was up 109. Up 121 at best. Down 50 at worst. -amp 160 Financial stocks led the way - 5.6. Technology stocks underperformed. Feds Beige book said the pace of economic contraction is slowing. Intel beat earnings expectations. -amp 160BHP up 1.95 and RIO down 1.69 in ADR form. Metals all up. Oil price down 25c to $49.26. Gold up. Bonds up. A $-US $ down.RIO Released its 1Q Production Figures Yesterday - In line with expectations. No news regarding production cuts- closures or project deferrals nor more importantly an update on the Chinalco transaction. Management was grilled at the AGM in London last night about the deal and their remuneration set up. Their main business Aluminium was broadly in line. RIO said it expects global iron ore sales of 200mt in 2009. Among the big broker recommendation - three BUYS- two SELLS.OneSteel Ltd OST extended the trading halt on its stock until Monday for a proposed $559m capital raising at 180c per share- a 30 discount- starting Thursday. OST cut their FY operating profit guidance to about $200m from their February forecast of between $325m- $375m due to the deterioration in the steel and iron market. Said their dividend is likely to fall.Iluka Resources ILU post quarterly production and development report - 1Q total mineral sand production at 528-500 tons- down 23.8 on-year. Total mineral sands 1Q sales down 77.2 to $44.5m.Leighton Holdings LEI said its United Arab Emirates joint venture- Al Habtoor Leighton- withdrew from the Dubai Airport Project. LEI says the withdrawal wont impact on FY09 results.Australand Property ALZ secures three new refinancing approvals with three major banks to provide $350m. ALZ expects FY09 operating profit to be down 30 on-year to the bottom end of its guidance range. Also notes the cuts to discretionary spending and jobs.Timbercorp Limited TIM out of a trading halt - they have given a negative company update on their refinancing position and assets sales.Cockatoo Coal COK note a 2.3MT JORC indicated resource at their Baralaba mine.Transpacific Industries TPI update on their capital structure saying positive talks continue with potential investors.Australian Agriculture Co AAC complete the sale of 3 cattle stations for a $145.7m.Other...UBS Warburg UBS upped their price target on Harvey Norman HVN to 275c from 200c saying HVN looks attractive on a through the cycle valuation but sees no reason for outperformance in the short term. Goldman Sachs JB Were keep a HOLD recommendation with 301c price target. Citi cut to HOLD from Buy with a 275c price target.Goldman Sachs JB Were keep a HOLD on Woolworths WOW with a 3032c price target predicting WOW will announce 3Q09 sales of $12.304bn- up 5.7 on this time last year.Chinese GDP economic data out at midday today - expecting 6.2. Also Retail sales and industrial production and some others. Some fears about falling short of expectations as recent stimulus initiatives may not yet have kicked in. GDP growth over 2008 was 9.0.Street Talk says its now a three horse race for Royal Bank of Scotlands $2.5bn Asian assets. ANZ Bank is one of those and is being advised by Credit Suisse.The Dow Futures suggest a 44 point rise on -amp 160Wall Street. -amp 160Information provided to you by Marcus Today ...
Thu 16th April 2009 - 11:20am
PMP culls 67 positions in print business
Struggling print and distribution group- PMP Ltd- says up to 67 jobs will go from its business in Victoria because of deteriorating market conditions. ...
Thu 16th April 2009 - 11:18am
Jilin boosts stake in Metallica Minerals
China's second largest nickel producer has increased its stake in junior minerals explorer Metallica Minerals Ltd to become its major shareholder. ...
Thu 16th April 2009 - 11:17am
Bankers group defends rate cuts decision
The Australian Bankers' Association ABA has defended decisions by lenders not to pass on all of last week's cut in official interest rates. ...
Thu 16th April 2009 - 11:15am
Solargiga Forms JV Company to Expand to Downstream Business
Hong Kong- Apr 15- 2009 - ACN Newswire - Chinas leading monocrystalline silicon solar ingots and wafers manufacturer- Solargiga Energy Holdings Limited -amp quotSolargiga -amp quot or the -amp quotCompany -amp quot- Stock Code- 757 together with its subsidiaries collectively the -amp quotGroup -amp quot- announced that Jinzhou Yangguang Energy Co.- Ltd. ...
Thu 16th April 2009 - 11:15am
ANZ eyeing RBS Asian assets- report
ANZ of Australia are in the running to acquire the Asian activities of Royal Bank of Scotland- the Wall Street Journal said. ...
Thu 16th April 2009 - 11:11am
IBA Health Limited ASX-IBA- Amsterdam Hospital Agrees on A $9 Million Contract Renewal With iSOFT
Sydney- Australia- Apr 16- 2009 - ABN Newswire - IBA Health Group Limited ASX-IBAPINK-IBATF Australias largest listed health information technology company today announced that its iSOFT European business agreed to renew a contract with Academic Medical Centre AMC in the Netherlands- worth A $9.1 million EURO 5 million. ...
Thu 16th April 2009 - 10:40am
UK to report 'worst deficit since WWII'
Britain's finance minister will announce that annual public borrowing will reach almost $A360 billion over the next two years- the Financial Times said. ...
Thu 16th April 2009 - 10:39am
Councillor warns of Docklands-style ghetto development
Some councils fear they will be stripped of their planning powers under the Victorian Governments move to fast-track major projects. ...
Thu 16th April 2009 - 10:36am
Market follows Wall St rally
The Australian sharemarket is trading more than 1 per cent higher after Wall Streets rally overnight. ...
Thu 16th April 2009 - 10:31am
Stirling Resources Limited ASX-SRE Appoints Ildiko Wowesny To Company Secretary
Perth- Australia- Apr 16- 2009 - ABN Newswire - Australian resources developer- Stirling Resources Limited ASX-SRE- advises that that Ms Ildiko Wowesny has been appointed as the Company Secretary of Stirling Resources Limited effective today. Ms Shannon Caporn has today retired as Company Secretary. ...
Thu 16th April 2009 - 10:30am
Iluka quarter sales revenue down 77.2
Iluka Resources Ltd says total mineral sands sales revenue for the March quarter fell 77.2 per cent compared to the previous corresponding period. ...
Thu 16th April 2009 - 10:26am
Savcor Group Limited ASX-SAV Expands Advanced Rehabilitation Technology Business in China and India
Sydney- Australia- Apr 16- 2009 - ABN Newswire - Industrial technology company Savcor Group Limited ASX-SAV today confirmed that it has expanded the operations of its Advanced Rehabilitation Technology ART business into China and India.The company has completed the acquisition of the Savcor CHEC business in China- a four-year joint venture between Savcor and China Harbour Engineering Corporation. ...
Thu 16th April 2009 - 10:25am
Galaxy Resources Limited ASX-GXY Receives Off Take Interest For 100 of Production
Perth- Australia- Apr 16- 2009 - ABN Newswire - Emerging lithium producer- Galaxy Resources Limited ASX-GXY is pleased to announce that it has received Letters of Intent from potential off take partners for its total available production of Lithium Carbonate 17-000 tpa commencing 2011. ...
Thu 16th April 2009 - 10:24am
Australia shares up 0.9 pct on economy hopes
SYDNEY- April 16 - Australian stocks rose 0.9 percent on Thursday- with banks and debt-laden property trusts lifted by hopes that fresh signs of a moderating recession in the United States would boost credit flows. ...
Thu 16th April 2009 - 10:20am
Councillor warns of Docklands-style ghetto development
Some councils fear they will be stripped of their planning powers under the State Governments move to fast-track major projects. ...
Thu 16th April 2009 - 10:15am
Councillor warns of Dockland-style ghetto development
Some councils fear they will be stripped of their planning powers under the State Governments move to fast-track major projects. ...
Thu 16th April 2009 - 10:14am
Fears Garuda will pull out of Darwin next week
A Darwin travel agent believes Garuda Airlines services to and from Darwin are under review and will stop as soon as next week. ...
Thu 16th April 2009 - 10:12am
Darwin houses most expensive to rent in Australia
Darwin is the most expensive capital city in Australia to rent a house- with median weekly asking rents remaining stable at $500- Australian Property Monitors says. ...
Thu 16th April 2009 - 09:52am
Sons of Gwalia directors multi-million dollar payout
The Directors of the failed Western Australian gold miner Sons of Gwalia have agreed to pay $53 million to the companys administrator. ...
Thu 16th April 2009 - 09:48am
WA Premier tries to lure $12 billion gas plant from Darwin
The Japanese energy giant Inpex should reconsider its decision to build a gas plant in Darwin now that a deal to build one near Broome has been reached- the Premier of Western Australia says. ...
Thu 16th April 2009 - 09:47am
Darwin houses most expensive to rent in Australia
Darwin is the most expensive capital city in Australia to rent a house- with median weekly asking rents remaining stable at $500- Australian Property Monitors says. ...
Thu 16th April 2009 - 09:36am
OneSteel downgrades FY09 NPAT guidance
OneSteel Ltd has slashed its full year guidance after a drop in iron ore prices and is seeking to raise at least $559 million. ...
Thu 16th April 2009 - 09:31am
GM in talks to sell Saturn brand
Struggling US automaker General Motors said on Wednesday it was in talks to potentially sell its Saturn group to one of two private investor groups. ...
Thu 16th April 2009 - 09:28am
Brazilian leader berates rich countries
Likening the global financial crisis to a sinking ship- Brazilian President Luiz Inacio Lula da Silva has again lashed out against rich nations. ...
Thu 16th April 2009 - 09:28am
Strong demand to support iron ore prices
Analysts say iron ore prices may not slump as heavily as originally predicted- with strong demand continuing from China. ...
Thu 16th April 2009 - 09:17am
Strong demand to support iron ore prices
Analysts say iron ore prices may not slump as heavily as originally predicted- with strong demand continuing from China.Rio Tintos iron ore production in the Pilbara dropped 15 per cent in the first ...
Thu 16th April 2009 - 09:16am
Kimberley gas deal will create jobs nationwide- Barnett
Western Australian Premier Colin Barnett says the implications of the states Kimberley gas deal are immense. ...
Thu 16th April 2009 - 08:54am
Kimberley gas deal will create jobs nationwide- Barnett
Western Australian Premier Colin Barnett says the implications of the states Kimberley gas deal are immense. ...
Thu 16th April 2009 - 08:32am
Kimberley gas hub will be environmental disaster
Green groups say a gas precinct to be built off Western Australias Kimberley coast will be devastating for the environment. ...
Thu 16th April 2009 - 08:23am
Swiss President assures banking secrecy will remain
Switzerlands President- who is also the countrys Finance Minister- says Swiss banking secrecy is alive and well. ...
Thu 16th April 2009 - 08:14am
New hospital for Baralaba
The Queensland Government says it will spend $8million dollars to build a new hospital in central Queensland. ...
Thu 16th April 2009 - 08:10am
Figures show rental prices stablise
Canberras rental property market appears to have stabilised with figures remaining static across the past six months. ...
Thu 16th April 2009 - 07:54am
Brazilian leader berates rich countries
Likening the global financial crisis to a sinking ship- Brazilian President Luiz Inacio Lula da Silva has again lashed out against rich nations. ...
Thu 16th April 2009 - 07:51am
Figures show rental prices stablise
Canberras rental property market appears to have stabilised with figures remaining static across the past six months. ...
Thu 16th April 2009 - 07:47am
Ex-CFO destroyed evidence- Motorola says
Motorola is accusing its former chief financial officer- Paul Liska- of destroying evidence by wiping files from a company laptop. ...
Thu 16th April 2009 - 07:43am
More SA manufacturing jobs lost
Another 15 jobs have been lost from South Australias manufacturing sector- with the collapse of engineering firm Clyde-Apac. ...
Thu 16th April 2009 - 07:42am
Auto workers blast Fiat wage cut plans
A Canadian Auto Workers union head slammed reported threats by Fiat that it may walk away from a tie-up with Chrysler unless unions agreed to lower wage deals. ...
Thu 16th April 2009 - 07:41am
Kimberley gas deal will create jobs nationwide- Barnett
Western Australian Premier Colin Barnett says the implications of yesterdays Kimberley gas deal are immense. ...
Thu 16th April 2009 - 07:41am
GM in talks to sell Saturn brand
Struggling US automaker General Motors said on Wednesday it was in talks to potentially sell its Saturn group to one of two private investor groups. ...
Thu 16th April 2009 - 07:39am
ANZ eyeing RBS Asian assets- report
ANZ of Australia are in the running to acquire the Asian activities of Royal Bank of Scotland- the Wall Street Journal said. ...
Thu 16th April 2009 - 07:38am
New facility to develop unmanned aircraft
Work has begun on a $6 million research facility at the Brisbane airport to develop a pilotless aircraft industry. ...
Thu 16th April 2009 - 07:30am
Kimberley gas deal will create jobs nationwide- Barnett
Western Australian Premier Colin Barnett says the implications of yesterdays Kimberley gas deal are immense. ...
Thu 16th April 2009 - 07:17am
Vic taxes to remain steady- Brumby
Victorian Premier John Brumby says state taxes will remain steady over the next year. ...
Thu 16th April 2009 - 06:56am
GM in talks to sell Saturn brand
DETROIT- Michigan AFP - Struggling US automaker General Motors said Wednesday it was in talks to potentially sell its Saturn group to one of two private investor groups that have expressed an interest in the dealership network. ...
Thu 16th April 2009 - 06:55am
Rio chairman admits to Alcan regrets
Rio Tinto's outgoing chairman has admitted to having regrets about buying Canadian aluminium producer Alcan- which sparked a massive blow-out in debt. ...
Thu 16th April 2009 - 06:51am
China not manipulating currency- yuan undervalued- US
WASHINGTON AFP - The US Treasury said Wednesday no major US trade partners were manipulating their currencies but that Chinas yuan remained undervalued despite Beijings efforts to allow it to appreciate. ...
Thu 16th April 2009 - 06:45am
Banks on the defensive over loan margins
Australias peak banking body- the Australian Bankers Association- says loan margins remain at historically low levels and the recent interest rate rebellion was necessary to maintain a strong banking system. ...
Thu 16th April 2009 - 06:40am
French fishing fleet in million-dollar blockade
Ferry services between Britain and France have been cancelled after French fishermen blocked key ports in protest against fishing quotas. ...
Thu 16th April 2009 - 06:39am
US Fed Reserve notes signs of recovery
The US Federal Reserve says there are some faint signs the steep plunge in economic activity that began last year is starting to level off. ...
Thu 16th April 2009 - 06:38am
Govt digs deep to vindicate clean coal
The Federal Government has begun a $100 million research effort to try to prove that so-called clean coal technology can deliver the big cuts in greenhouse emissions that it is promising. ...
Thu 16th April 2009 - 06:16am
Canadian auto workers blast Fiat demand for wage cuts
OTTAWA AFP - Canadian Auto Workers union head Ken Lewenza on Wednesday slammed reported threats by Fiat that it may walk away from a tie-up with US giant Chrysler unless unions agreed to lower wage deals. ...
Thu 16th April 2009 - 05:31am
Capital flows to US turn positive- Chinas purchases slow
WASHINGTON AFP - The US balance of long-term securities transactions turned positive in February- according to official data published Wednesday that showed a slowdown in Chinese purchases of Treasury bonds. ...
Thu 16th April 2009 - 05:24am
US consumer prices- industrial output drop
WASHINGTON AFP - US consumer prices in March posted their first annual drop in 54 years and industrial production fell to a decade low as data Wednesday underscored the depth of recession in the worlds largest economy. ...
Thu 16th April 2009 - 03:21am
Obama raps corporations on tax loopholes
WASHINGTON AFP - President Barack Obama Wednesday vowed to end tax breaks for corporations that ship jobs overseas- as he marked nobodys favorite date- the April 15 filing deadline for annual US income tax returns. ...
Thu 16th April 2009 - 03:18am
Opel can resist if GM goes bankrupt- spokesman
FRANKFURT AFP - German auto company Opel- a subsidiary of US auto giant General Motors- could survive even if its parent company went bankrupt- a company spokesman told AFP on Wednesday. ...
Thu 16th April 2009 - 03:12am
US March consumer prices fall
WASHINGTON AFP - US consumer prices fell 0.1 percent in March from a month ago and declined 0. ...
Thu 16th April 2009 - 02:32am
Chinas US bond purchases slow- Treasury
WASHINGTON AFP - The US balance of long-term securities transactions turned positive in February- according to official data published Wednesday that showed a slowdown in Chinese purchases of Treasury bonds. ...
Thu 16th April 2009 - 02:26am
Citigroup faces legal action in Spain
MADRID AFP - Two Spanish law firms said Wednesday they had filed a complaint against Citibank for clients who lost money in investments made through the US bank in failed US investment group Lehman Brothers. ...
Thu 16th April 2009 - 02:24am
Oil prices slip as US crude stocks hits 18-yr high
LONDON AFP - World oil prices fell Wednesday on news that US crude reserves had hit the highest level since 1990- indicating fragile demand in the recession-blighted American economy. ...
Thu 16th April 2009 - 01:43am
First fall in US annual consumer prices for 54yrs
WASHINGTON AFP - US consumer prices fell 0.1 percent in March from a month ago and declined 0. ...
Thu 16th April 2009 - 12:12am
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