Volkswagen mulls Porsche counter bid
FRANKFURT AFP - Volkswagen is mulling a takeover of the automotive business of luxury sports car maker Porsche- which would add a new twist in the German industrial saga- press reports said on Thursday. ...
Thu 23rd April 2009 - 11:12pm
FRANKFURT AFP - Volkswagen is mulling a takeover of the automotive business of luxury sports car maker Porsche- which would add a new twist in the German industrial saga- press reports said on Thursday. ...
Thu 23rd April 2009 - 11:12pm
Lloyds Banking Group to cut 1-000 jobs
LONDON AFP - Lloyds Banking Group- the British government-controlled banking giant- said Thursday that it would cut nearly 1-000 jobs over the next two years. ...
Thu 23rd April 2009 - 10:34pm
LONDON AFP - Lloyds Banking Group- the British government-controlled banking giant- said Thursday that it would cut nearly 1-000 jobs over the next two years. ...
Thu 23rd April 2009 - 10:34pm
Rudd attacks dodgy brothers of politics
Prime Minister Kevin Rudd has dubbed the Oppositions Malcolm Turnbull and Joe Hockey the dodgy brothers of Australian politics- hitting back at Coalition criticism of his big spending commitments. ...
Thu 23rd April 2009 - 10:32pm
Prime Minister Kevin Rudd has dubbed the Oppositions Malcolm Turnbull and Joe Hockey the dodgy brothers of Australian politics- hitting back at Coalition criticism of his big spending commitments. ...
Thu 23rd April 2009 - 10:32pm
European stocks slip despite Credit Suisse profits
LONDON AFP - European stock markets pulled lower Thursday as investors set aside news that Swiss banking giant Credit Suisse returned to profit in the first quarter of 2009. ...
Thu 23rd April 2009 - 10:21pm
LONDON AFP - European stock markets pulled lower Thursday as investors set aside news that Swiss banking giant Credit Suisse returned to profit in the first quarter of 2009. ...
Thu 23rd April 2009 - 10:21pm
Oil prices firm towards $50
LONDON AFP - Oil prices rose slightly towards 50 dollars a barrel on Thursday- despite news of surging US crude inventories that indicated weak energy demand in the recession-hit US economy- dealers said. ...
Thu 23rd April 2009 - 10:18pm
LONDON AFP - Oil prices rose slightly towards 50 dollars a barrel on Thursday- despite news of surging US crude inventories that indicated weak energy demand in the recession-hit US economy- dealers said. ...
Thu 23rd April 2009 - 10:18pm
Rudd attacks dodgy brothers of politics
Prime Minister Kevin Rudd has dubbed the Oppositions Malcolm Turnbull and Joe Hockey the dodgy brothers of Australian politics- hitting back at Coalition criticism of his big spending commitments. ...
Thu 23rd April 2009 - 10:17pm
Prime Minister Kevin Rudd has dubbed the Oppositions Malcolm Turnbull and Joe Hockey the dodgy brothers of Australian politics- hitting back at Coalition criticism of his big spending commitments. ...
Thu 23rd April 2009 - 10:17pm
Cash handouts not best way to stimulate economy- IMF
The International Monetary Fund IMF says cash bonus payments are not necessarily a very useful way to stimulate the economy. ...
Thu 23rd April 2009 - 10:11pm
The International Monetary Fund IMF says cash bonus payments are not necessarily a very useful way to stimulate the economy. ...
Thu 23rd April 2009 - 10:11pm
Engineering giant ABB profits slump
ZURICH AFP - Swedish-Swiss engineering giant ABB on Thursday said its net profit slumped 35 percent during the first three months of this year- and that it remained unclear when a turnaround may come. ...
Thu 23rd April 2009 - 09:47pm
ZURICH AFP - Swedish-Swiss engineering giant ABB on Thursday said its net profit slumped 35 percent during the first three months of this year- and that it remained unclear when a turnaround may come. ...
Thu 23rd April 2009 - 09:47pm
Italys Fiat posts losses
MILAN AFP - Italian industry giant Fiat Group- whose auto unit is in talks on an alliance with US peer Chrysler- reported a first quarter loss of 411 million euros 537 million dollars on Thursday. ...
Thu 23rd April 2009 - 09:40pm
MILAN AFP - Italian industry giant Fiat Group- whose auto unit is in talks on an alliance with US peer Chrysler- reported a first quarter loss of 411 million euros 537 million dollars on Thursday. ...
Thu 23rd April 2009 - 09:40pm
Rudd attacks dodgy brothers of politics
Prime Minister Kevin Rudd has dubbed the Oppositions Malcolm Turnbull and Joe Hockey the dodgy brothers of Australian politics- hitting back at Coalition criticism of his big spending commitments. ...
Thu 23rd April 2009 - 09:24pm
Prime Minister Kevin Rudd has dubbed the Oppositions Malcolm Turnbull and Joe Hockey the dodgy brothers of Australian politics- hitting back at Coalition criticism of his big spending commitments. ...
Thu 23rd April 2009 - 09:24pm
Rudd attacks dodgy brothers of politics
Prime Minister Kevin Rudd has dubbed the Oppositions Malcolm Turnbull and Joe Hockey the dodgy brothers of Australian politics- hitting back at Coalition criticism of his big spending commitments. ...
Thu 23rd April 2009 - 09:22pm
Prime Minister Kevin Rudd has dubbed the Oppositions Malcolm Turnbull and Joe Hockey the dodgy brothers of Australian politics- hitting back at Coalition criticism of his big spending commitments. ...
Thu 23rd April 2009 - 09:22pm
British bank Barclays optimistic about 2009
LONDON AFP - British bank Barclays said Thursday that it would post better results in the first quarter this year than the same period of 2008 despite the global financial crisis and a deep recession in Britain. ...
Thu 23rd April 2009 - 09:21pm
LONDON AFP - British bank Barclays said Thursday that it would post better results in the first quarter this year than the same period of 2008 despite the global financial crisis and a deep recession in Britain. ...
Thu 23rd April 2009 - 09:21pm
Rudd attacks dodgy brothers of politics
Prime Minister Kevin Rudd has dubbed the Oppositions Malcolm Turnbull and Joe Hockey the dodgy brothers of Australian politics- hitting back at Coalition criticism of his big spending commitments. ...
Thu 23rd April 2009 - 09:17pm
Prime Minister Kevin Rudd has dubbed the Oppositions Malcolm Turnbull and Joe Hockey the dodgy brothers of Australian politics- hitting back at Coalition criticism of his big spending commitments. ...
Thu 23rd April 2009 - 09:17pm
Euro climbs on positive eurozone data
LONDON AFP - The euro rose against the dollar here Thursday on data revealing a pick-up in eurozone business activity to the highest level in six months- dealers said. ...
Thu 23rd April 2009 - 08:59pm
LONDON AFP - The euro rose against the dollar here Thursday on data revealing a pick-up in eurozone business activity to the highest level in six months- dealers said. ...
Thu 23rd April 2009 - 08:59pm
German economy to shrink six percent
BERLIN AFP - Germanys economy is poised to shrink by a record six percent this year- a group of top economic institutes said Thursday- the latest in a series of dire predictions for Europes largest economy. ...
Thu 23rd April 2009 - 08:56pm
BERLIN AFP - Germanys economy is poised to shrink by a record six percent this year- a group of top economic institutes said Thursday- the latest in a series of dire predictions for Europes largest economy. ...
Thu 23rd April 2009 - 08:56pm
Novartis profits slide 14 in first quarter
BASEL- Switzerland AFP - Swiss pharmaceutical giant Novartis on Thursday posted a 14-percent slump in first quarter net profit- hurt by unfavourable currency movements and a major acquisition. ...
Thu 23rd April 2009 - 08:53pm
BASEL- Switzerland AFP - Swiss pharmaceutical giant Novartis on Thursday posted a 14-percent slump in first quarter net profit- hurt by unfavourable currency movements and a major acquisition. ...
Thu 23rd April 2009 - 08:53pm
Italys Fiat reports losses in first quarter
MILAN AFP - Italian industry giant and carmaker Fiat Group on Thursday reported a loss of 411 million euros 537 million dollars in the first quarter and lowered its net profit forecast for 2009. ...
Thu 23rd April 2009 - 08:51pm
MILAN AFP - Italian industry giant and carmaker Fiat Group on Thursday reported a loss of 411 million euros 537 million dollars in the first quarter and lowered its net profit forecast for 2009. ...
Thu 23rd April 2009 - 08:51pm
Former James Hardie chief Hellicar quits AMP
Former James Hardie executive Meredith Hellicar has stood down from her role as a non-executive director at financial services giant AMP. ...
Thu 23rd April 2009 - 08:51pm
Former James Hardie executive Meredith Hellicar has stood down from her role as a non-executive director at financial services giant AMP. ...
Thu 23rd April 2009 - 08:51pm
Former James Hardie chief Hellicar quits AMP
Former James Hardie executive Meredith Hellicar has stood down from her role as a non-executive director at financial services giant AMP. ...
Thu 23rd April 2009 - 08:44pm
Former James Hardie executive Meredith Hellicar has stood down from her role as a non-executive director at financial services giant AMP. ...
Thu 23rd April 2009 - 08:44pm
Downturn hurting Chinese steel makers- Ansteel chief
One of Chinas largest steel producers says the entire Chinese steel industry is losing money. ...
Thu 23rd April 2009 - 07:55pm
One of Chinas largest steel producers says the entire Chinese steel industry is losing money. ...
Thu 23rd April 2009 - 07:55pm
First home owner boost should continue
Federal Opposition housing spokesman Scott Morrison has urged the Government to extend its increase to the First Home Owners Grant FHOG. ...
Thu 23rd April 2009 - 07:36pm
Federal Opposition housing spokesman Scott Morrison has urged the Government to extend its increase to the First Home Owners Grant FHOG. ...
Thu 23rd April 2009 - 07:36pm
First home owner boost should continue
Federal Opposition housing spokesman Scott Morrison has urged the Government to extend its increase to the First Home Owners Grant FHOG. ...
Thu 23rd April 2009 - 07:34pm
Federal Opposition housing spokesman Scott Morrison has urged the Government to extend its increase to the First Home Owners Grant FHOG. ...
Thu 23rd April 2009 - 07:34pm
Former James Hardie chief Hellicar quits AMP
Former James Hardie executive Meredith Hellicar has stood down from her role at financial services giant AMP. ...
Thu 23rd April 2009 - 07:31pm
Former James Hardie executive Meredith Hellicar has stood down from her role at financial services giant AMP. ...
Thu 23rd April 2009 - 07:31pm
Former James Hardie chief Hellicar quits AMP
Former James Hardie executive Meredith Hellicar has stood down from her role at financial services giant AMP. ...
Thu 23rd April 2009 - 07:30pm
Former James Hardie executive Meredith Hellicar has stood down from her role at financial services giant AMP. ...
Thu 23rd April 2009 - 07:30pm
Kleenmaid staff $3m out-of-pocket
Kleenmaids administrators have revealed that former staff are owed more than $3 million. ...
Thu 23rd April 2009 - 07:22pm
Kleenmaids administrators have revealed that former staff are owed more than $3 million. ...
Thu 23rd April 2009 - 07:22pm
Kleenmaid staff $3m out-of-pocket
Kleenmaids administrators have revealed that former staff are owed more than $3 million. ...
Thu 23rd April 2009 - 07:21pm
Kleenmaids administrators have revealed that former staff are owed more than $3 million. ...
Thu 23rd April 2009 - 07:21pm
Downturn hurting Chinese steel makers- Ansteel chief
One of Chinas largest steel producers says the entire Chinese steel industry is losing money. ...
Thu 23rd April 2009 - 07:19pm
One of Chinas largest steel producers says the entire Chinese steel industry is losing money. ...
Thu 23rd April 2009 - 07:19pm
Downturn hurting Chinese steel makers- Ansteel chief
One of Chinas largest steel producers says the entire Chinese steel industry is losing money. ...
Thu 23rd April 2009 - 07:18pm
One of Chinas largest steel producers says the entire Chinese steel industry is losing money. ...
Thu 23rd April 2009 - 07:18pm
German economy to shrink six percent
BERLIN AFP - Germanys economy is poised to shrink by a record six percent this year- a group of top economic institutes said Thursday- the latest in a series of dire predictions for Europes largest economy. ...
Thu 23rd April 2009 - 07:16pm
BERLIN AFP - Germanys economy is poised to shrink by a record six percent this year- a group of top economic institutes said Thursday- the latest in a series of dire predictions for Europes largest economy. ...
Thu 23rd April 2009 - 07:16pm
Former James Hardie chief Hellicar quits AMP
Former James Hardie executive Meredith Hellicar has stood down from her role at financial services giant AMP. ...
Thu 23rd April 2009 - 06:40pm
Former James Hardie executive Meredith Hellicar has stood down from her role at financial services giant AMP. ...
Thu 23rd April 2009 - 06:40pm
Swan approves OZ Minerals acquisition
Treasurer Wayne Swan says he has approved a revised application by China Minmetals Non-ferrous Metals to acquire certain assets of Australia's OZ Minerals. ...
Thu 23rd April 2009 - 06:37pm
Treasurer Wayne Swan says he has approved a revised application by China Minmetals Non-ferrous Metals to acquire certain assets of Australia's OZ Minerals. ...
Thu 23rd April 2009 - 06:37pm
Ambulance union making too many demands
Victorian Premier John Brumby is calling on the ambulance union to prioritise its demands in an ongoing industrial dispute. ...
Thu 23rd April 2009 - 06:27pm
Victorian Premier John Brumby is calling on the ambulance union to prioritise its demands in an ongoing industrial dispute. ...
Thu 23rd April 2009 - 06:27pm
Newcrest maintains production guidance
Australia's largest gold miner- Newcrest Mining Ltd- has maintained its full year production guidance- pleasing investors. ...
Thu 23rd April 2009 - 06:24pm
Australia's largest gold miner- Newcrest Mining Ltd- has maintained its full year production guidance- pleasing investors. ...
Thu 23rd April 2009 - 06:24pm
Lion Nathan approached for full takeover
Brewer Lion Nathan has been approached by its largest shareholder- Japanese beer-maker Kirin Holdingso- to buy the remaining stock in the company. ...
Thu 23rd April 2009 - 06:17pm
Brewer Lion Nathan has been approached by its largest shareholder- Japanese beer-maker Kirin Holdingso- to buy the remaining stock in the company. ...
Thu 23rd April 2009 - 06:17pm
Former James Hardie chief Hellicar quits AMP
Former James Hardie executive Meredith Hellicar has stood down from her role at financial services giant AMP. ...
Thu 23rd April 2009 - 05:57pm
Former James Hardie executive Meredith Hellicar has stood down from her role at financial services giant AMP. ...
Thu 23rd April 2009 - 05:57pm
Stockland cuts earnings guidance
Stockland has cut its earnings guidance as Australia's second biggest real estate company by market value reduces the carrying value of properties. ...
Thu 23rd April 2009 - 05:55pm
Stockland has cut its earnings guidance as Australia's second biggest real estate company by market value reduces the carrying value of properties. ...
Thu 23rd April 2009 - 05:55pm
Seek raising $100m to fund acquisitions
The James Packer-backed online job advertiser Seek Ltd plans to raise $100 million through a share placement to fund acquisitions. ...
Thu 23rd April 2009 - 05:52pm
The James Packer-backed online job advertiser Seek Ltd plans to raise $100 million through a share placement to fund acquisitions. ...
Thu 23rd April 2009 - 05:52pm
Lobster limits eased
The Western Australian Government has eased the tough restrictions imposed on the states rock lobster fishery only two months ago. ...
Thu 23rd April 2009 - 05:47pm
The Western Australian Government has eased the tough restrictions imposed on the states rock lobster fishery only two months ago. ...
Thu 23rd April 2009 - 05:47pm
James Hardie 'can't pay asbestos money'
James Hardie Industries says it can't pay asbestos compensation this fiscal year- meaning a fund for victims may run out of cash before 2011. ...
Thu 23rd April 2009 - 05:43pm
James Hardie Industries says it can't pay asbestos compensation this fiscal year- meaning a fund for victims may run out of cash before 2011. ...
Thu 23rd April 2009 - 05:43pm
Local market defies Wall Street losses
The Australian share market closed higher- despite a fall of more than 1 per cent on Wall Street overnight. ...
Thu 23rd April 2009 - 05:43pm
The Australian share market closed higher- despite a fall of more than 1 per cent on Wall Street overnight. ...
Thu 23rd April 2009 - 05:43pm
Swan approves OZ Minerals acquisition
Treasurer Wayne Swan says he has approved a revised application by China Minmetals Non-ferrous Metals to acquire certain assets of Australia's OZ Minerals. ...
Thu 23rd April 2009 - 05:40pm
Treasurer Wayne Swan says he has approved a revised application by China Minmetals Non-ferrous Metals to acquire certain assets of Australia's OZ Minerals. ...
Thu 23rd April 2009 - 05:40pm
Alcoa scolded over court adjournment
Alcoa was granted a three-month adjournment to a charge of pollution- despite being scolded by a Perth magistrate for holding up court proceedings. ...
Thu 23rd April 2009 - 05:36pm
Alcoa was granted a three-month adjournment to a charge of pollution- despite being scolded by a Perth magistrate for holding up court proceedings. ...
Thu 23rd April 2009 - 05:36pm
Santos output- sales revenue dips
Santos says its first quarter sales revenue fell 15 per cent and production was down but the gas producer is maintaining its full year production guidance. ...
Thu 23rd April 2009 - 05:35pm
Santos says its first quarter sales revenue fell 15 per cent and production was down but the gas producer is maintaining its full year production guidance. ...
Thu 23rd April 2009 - 05:35pm
Virgin delays V Australia Boeing orders
Virgin Blue Holdings international offshoot V Australia will defer the delivery of two passenger jets for up to two years due to the slowdown in air travel. ...
Thu 23rd April 2009 - 05:32pm
Virgin Blue Holdings international offshoot V Australia will defer the delivery of two passenger jets for up to two years due to the slowdown in air travel. ...
Thu 23rd April 2009 - 05:32pm
Minmetals-OZ Minerals takeover gets green light
Federal Treasurer Wayne Swan has approved an application by Chinese firm Minmetals to take over part of OZ Minerals. ...
Thu 23rd April 2009 - 05:32pm
Federal Treasurer Wayne Swan has approved an application by Chinese firm Minmetals to take over part of OZ Minerals. ...
Thu 23rd April 2009 - 05:32pm
Administrators appointed to Albidon
Voluntary administrators have been appointed to Africa-focused nickel miner Albidon Ltd to help it complete a funding deal with its major shareholder. ...
Thu 23rd April 2009 - 05:29pm
Voluntary administrators have been appointed to Africa-focused nickel miner Albidon Ltd to help it complete a funding deal with its major shareholder. ...
Thu 23rd April 2009 - 05:29pm
Centennial shares slide after forecast
Shares in Centennial Coal dropped more than eight per cent after the company said full year earnings were likely to be at the lower end of expectations. ...
Thu 23rd April 2009 - 05:25pm
Shares in Centennial Coal dropped more than eight per cent after the company said full year earnings were likely to be at the lower end of expectations. ...
Thu 23rd April 2009 - 05:25pm
Swan approves OZ Minerals acquisition
Treasurer Wayne Swan says he has approved a revised application by China Minmetals Non-ferrous Metals to acquire certain assets of Australia's OZ Minerals. ...
Thu 23rd April 2009 - 05:23pm
Treasurer Wayne Swan says he has approved a revised application by China Minmetals Non-ferrous Metals to acquire certain assets of Australia's OZ Minerals. ...
Thu 23rd April 2009 - 05:23pm
Timbercorp appoints administrators
Debt-laden agribusiness investment firm Timbercorp has appointed voluntary administrators who say the company has fallen victim to the global financial crisis. ...
Thu 23rd April 2009 - 05:21pm
Debt-laden agribusiness investment firm Timbercorp has appointed voluntary administrators who say the company has fallen victim to the global financial crisis. ...
Thu 23rd April 2009 - 05:21pm
Local refiners may consolidate- Caltex
Australia's largest oil refiner and marketer- Caltex Australia Ltd- says a recession may prompt consolidation among domestic refiners. ...
Thu 23rd April 2009 - 05:19pm
Australia's largest oil refiner and marketer- Caltex Australia Ltd- says a recession may prompt consolidation among domestic refiners. ...
Thu 23rd April 2009 - 05:19pm
New car sales fall to six-year low
Sales of new vehicles fell to a six-year low in March as the economic slowdown continues to put the brakes on demand. ...
Thu 23rd April 2009 - 05:11pm
Sales of new vehicles fell to a six-year low in March as the economic slowdown continues to put the brakes on demand. ...
Thu 23rd April 2009 - 05:11pm
New car sales fall to six-year low
Sales of new vehicles fell to a six-year low in March as the economic slowdown continues to put the brakes on demand. ...
Thu 23rd April 2009 - 04:55pm
Sales of new vehicles fell to a six-year low in March as the economic slowdown continues to put the brakes on demand. ...
Thu 23rd April 2009 - 04:55pm
Australia shares up 2 Lion Nathan buoys sentiment
SYDNEY- April 23 - Australian shares rose 2 percent on Thursday with a buy-out approach for brewer Lion Nathan LNN lifting sentiment- while buying of blue chips such as National Australia Bank NAB picked up as options expired. ...
Thu 23rd April 2009 - 04:54pm
SYDNEY- April 23 - Australian shares rose 2 percent on Thursday with a buy-out approach for brewer Lion Nathan LNN lifting sentiment- while buying of blue chips such as National Australia Bank NAB picked up as options expired. ...
Thu 23rd April 2009 - 04:54pm
Former James Hardie directors face fines- disqualification
Former James Hardie directors and managers face fines of up to $200-000 after a court ruled they breached the Corporations Act when they claimed a trust set up to compensate victims of asbestos-related diseases had adequate funding. ...
Thu 23rd April 2009 - 04:52pm
Former James Hardie directors and managers face fines of up to $200-000 after a court ruled they breached the Corporations Act when they claimed a trust set up to compensate victims of asbestos-related diseases had adequate funding. ...
Thu 23rd April 2009 - 04:52pm
Minimum wage boost will hurt jobs- ACCI
The business community says any rise in the minimum wage during the economic crisis will increase unemployment. ...
Thu 23rd April 2009 - 04:49pm
The business community says any rise in the minimum wage during the economic crisis will increase unemployment. ...
Thu 23rd April 2009 - 04:49pm
No serious environmental issues at Cape York mine site
The company that wants to mine bauxite on the Steve Irwin Wildlife Reserve says environmental studies show there is no danger of water contamination at the Cape York site. ...
Thu 23rd April 2009 - 04:39pm
The company that wants to mine bauxite on the Steve Irwin Wildlife Reserve says environmental studies show there is no danger of water contamination at the Cape York site. ...
Thu 23rd April 2009 - 04:39pm
Lion Nathan approached for full takeover
Brewer Lion Nathan has been approached by its largest shareholder- Japanese beer-maker Kirin Holdingso- to buy the remaining stock in the company. ...
Thu 23rd April 2009 - 04:37pm
Brewer Lion Nathan has been approached by its largest shareholder- Japanese beer-maker Kirin Holdingso- to buy the remaining stock in the company. ...
Thu 23rd April 2009 - 04:37pm
China's steel market to worsen- AnSteel
China's depressed steel market is expected to worsen following a dismal April- which saw all of the Asian superpower's steel mills post a loss- AnSteel says. ...
Thu 23rd April 2009 - 04:35pm
China's depressed steel market is expected to worsen following a dismal April- which saw all of the Asian superpower's steel mills post a loss- AnSteel says. ...
Thu 23rd April 2009 - 04:35pm
International tax laws a joke- academic
International banking and tax laws are a joke- says an academic who used Google and $10-000 to establish a series of shell corporations. ...
Thu 23rd April 2009 - 04:32pm
International banking and tax laws are a joke- says an academic who used Google and $10-000 to establish a series of shell corporations. ...
Thu 23rd April 2009 - 04:32pm
ABB profits slump in first quarter
ZURICH- AFP - Swedish-Swiss engineering giant ABB said its net profit slumped 35 percent during the first three months of this year- and that it remained unclear when a turnaround may come. ...
Thu 23rd April 2009 - 04:28pm
ZURICH- AFP - Swedish-Swiss engineering giant ABB said its net profit slumped 35 percent during the first three months of this year- and that it remained unclear when a turnaround may come. ...
Thu 23rd April 2009 - 04:28pm
Australia shares up 2- banks lead the way
SYDNEY- April 23 - Australian shares gained 2 percent on Thursday- lifted by buying in top banks such as National Australia Bank NAB after the expiry of options- while a buy-out offer for a brewer also lifted the mood. ...
Thu 23rd April 2009 - 04:26pm
SYDNEY- April 23 - Australian shares gained 2 percent on Thursday- lifted by buying in top banks such as National Australia Bank NAB after the expiry of options- while a buy-out offer for a brewer also lifted the mood. ...
Thu 23rd April 2009 - 04:26pm
Caltex posts 11 lift in Q1 profit
Caltex Australia Ltd has reported a lift in first quarter operating profit and said it remains -amp quotcautiously optimistic -amp quot about the year ahead. ...
Thu 23rd April 2009 - 03:46pm
Caltex Australia Ltd has reported a lift in first quarter operating profit and said it remains -amp quotcautiously optimistic -amp quot about the year ahead. ...
Thu 23rd April 2009 - 03:46pm
Farmers seek nod for carbon offsets
A senate inquiry into climate policy has heard farmers deserve greater recognition for maintaining private forests. ...
Thu 23rd April 2009 - 03:45pm
A senate inquiry into climate policy has heard farmers deserve greater recognition for maintaining private forests. ...
Thu 23rd April 2009 - 03:45pm
RBA- banks must cut rates further- ACCI
The Reserve Bank of Australia RBA and the nation's retail banks should cut interest rates further- a leading business lobby group says. ...
Thu 23rd April 2009 - 03:43pm
The Reserve Bank of Australia RBA and the nation's retail banks should cut interest rates further- a leading business lobby group says. ...
Thu 23rd April 2009 - 03:43pm
New car sales fall to six-year low
Sales of new vehicles fell to a six-year low in March as the economic slowdown continues to put the brakes on demand. ...
Thu 23rd April 2009 - 03:41pm
Sales of new vehicles fell to a six-year low in March as the economic slowdown continues to put the brakes on demand. ...
Thu 23rd April 2009 - 03:41pm
Kleenmaid staff $3m out-of-pocket
Kleenmaids administrators have revealed that former staff are owed more than $3 million. ...
Thu 23rd April 2009 - 03:41pm
Kleenmaids administrators have revealed that former staff are owed more than $3 million. ...
Thu 23rd April 2009 - 03:41pm
Virgin stalls V Australia Boeing orders
Virgin Blue has delayed the delivery of two Boeing planes that were to be used by its international offshoot V Australia from next year. ...
Thu 23rd April 2009 - 03:40pm
Virgin Blue has delayed the delivery of two Boeing planes that were to be used by its international offshoot V Australia from next year. ...
Thu 23rd April 2009 - 03:40pm
Pulp mill shipment a step forward
The Forest Industries Association has welcomed the arrival of equipment in northern Tasmania for Gunns pulp mill project. ...
Thu 23rd April 2009 - 03:37pm
The Forest Industries Association has welcomed the arrival of equipment in northern Tasmania for Gunns pulp mill project. ...
Thu 23rd April 2009 - 03:37pm
Kleenmaid staff $3m out-of-pocket
Kleenmaids administrators have revealed that former staff are owed more than $3 million. ...
Thu 23rd April 2009 - 03:36pm
Kleenmaids administrators have revealed that former staff are owed more than $3 million. ...
Thu 23rd April 2009 - 03:36pm
Pulp mill shipment a step forward
The Forest Industries Association has welcomed the arrival of equipment in northern Tasmania for Gunns pulp mill project. ...
Thu 23rd April 2009 - 03:32pm
The Forest Industries Association has welcomed the arrival of equipment in northern Tasmania for Gunns pulp mill project. ...
Thu 23rd April 2009 - 03:32pm
Farmers seek nod for carbon off-sets
A senate inquiry into climate policy has heard farmers deserve greater recognition for maintaining private forests. ...
Thu 23rd April 2009 - 03:31pm
A senate inquiry into climate policy has heard farmers deserve greater recognition for maintaining private forests. ...
Thu 23rd April 2009 - 03:31pm
Kleenmaid staff $3m out-of-pocket
Kleenmaids administrators have revealed that former staff are owed more than $3 million. ...
Thu 23rd April 2009 - 03:22pm
Kleenmaids administrators have revealed that former staff are owed more than $3 million. ...
Thu 23rd April 2009 - 03:22pm
Asian travel industry looks for hope in doom and gloom
Bad news from the International Monetary Fund is likely to cause further gloom for the Asia Pacific regions flailing tourism industry- but its leaders see signs of hope. ...
Thu 23rd April 2009 - 03:21pm
Bad news from the International Monetary Fund is likely to cause further gloom for the Asia Pacific regions flailing tourism industry- but its leaders see signs of hope. ...
Thu 23rd April 2009 - 03:21pm
Kleenmaid staff $3m out-of-pocket
Kleenmaids administrators have revealed that former staff are owed more than $3 million. ...
Thu 23rd April 2009 - 03:17pm
Kleenmaids administrators have revealed that former staff are owed more than $3 million. ...
Thu 23rd April 2009 - 03:17pm
Taxi numbers scrutinised in NT review
The number of taxis in the Northern Territory could be increased under proposed changes to the commercial passenger vehicle industry. ...
Thu 23rd April 2009 - 03:14pm
The number of taxis in the Northern Territory could be increased under proposed changes to the commercial passenger vehicle industry. ...
Thu 23rd April 2009 - 03:14pm
New car sales down 3pc in March
The Federal Chamber of Automotive Industries FCAI says official figures show the downturn in vehicle sales may be stabilising. ...
Thu 23rd April 2009 - 02:48pm
The Federal Chamber of Automotive Industries FCAI says official figures show the downturn in vehicle sales may be stabilising. ...
Thu 23rd April 2009 - 02:48pm
Price scanners least accurate in SA
A national survey shows electronic price scanners used by South Australian retailers are the least accurate of any state. ...
Thu 23rd April 2009 - 01:55pm
A national survey shows electronic price scanners used by South Australian retailers are the least accurate of any state. ...
Thu 23rd April 2009 - 01:55pm
WorleyParsons' Saudi project flourishes
Mining services company WorleyParsons Ltd says its revenue from a Saudi Arabian phosphate project has almost doubled. ...
Thu 23rd April 2009 - 01:53pm
Mining services company WorleyParsons Ltd says its revenue from a Saudi Arabian phosphate project has almost doubled. ...
Thu 23rd April 2009 - 01:53pm
Market higher in midday trade
Australian shares are trading higher- despite a 1 per cent fall on Wall Street overnight. ...
Thu 23rd April 2009 - 01:43pm
Australian shares are trading higher- despite a 1 per cent fall on Wall Street overnight. ...
Thu 23rd April 2009 - 01:43pm
Protesters greet Gunns ship
A large cargo ship carrying equipment for Gunns pulp mill project is docking at the Bell Bay port in northern Tasmania. ...
Thu 23rd April 2009 - 01:42pm
A large cargo ship carrying equipment for Gunns pulp mill project is docking at the Bell Bay port in northern Tasmania. ...
Thu 23rd April 2009 - 01:42pm
Fewer sawmills but production up
The number of Australia's sawmills has declined over the last decade but the average size of mills still in operation have increased to reflect production. ...
Thu 23rd April 2009 - 01:41pm
The number of Australia's sawmills has declined over the last decade but the average size of mills still in operation have increased to reflect production. ...
Thu 23rd April 2009 - 01:41pm
Centennial earnings likely on lower end
Full year earnings for Centennial Coal Company Ltd are likely to be at the lower end of expectations- the mining company says in its latest quarterly report. ...
Thu 23rd April 2009 - 01:38pm
Full year earnings for Centennial Coal Company Ltd are likely to be at the lower end of expectations- the mining company says in its latest quarterly report. ...
Thu 23rd April 2009 - 01:38pm
Hardie misleading on asbestos fund
The New South Wales Supreme Court has ruled that former James Hardie managers and directors breached corporations law over the companys restructure and establishment of an asbestos compensation trust in 2001. ...
Thu 23rd April 2009 - 01:35pm
The New South Wales Supreme Court has ruled that former James Hardie managers and directors breached corporations law over the companys restructure and establishment of an asbestos compensation trust in 2001. ...
Thu 23rd April 2009 - 01:35pm
Voluntary administration for Timbercorp
One of Australias largest agribusinesses- Timbercorp- has gone into voluntary administration. ...
Thu 23rd April 2009 - 01:31pm
One of Australias largest agribusinesses- Timbercorp- has gone into voluntary administration. ...
Thu 23rd April 2009 - 01:31pm
Xstrata cuts its stake in Northern Star
Swiss mining giant Xstrata has sold most of its stake in minerals exploration minnow Northern Star Resources Ltd. ...
Thu 23rd April 2009 - 01:29pm
Swiss mining giant Xstrata has sold most of its stake in minerals exploration minnow Northern Star Resources Ltd. ...
Thu 23rd April 2009 - 01:29pm
CityView Corporation Limited ASX-CVI Chairmans Letter To Shareholders On Assessment Of Company Projects And Strategy
Perth- Australia- Apr 23- 2009 - ABN Newswire - CityView Corporation Limited ASX-CVIPINK-CTVWF On November 12 I sent to you my assessment of CityViews projects and what I believed to be the best way forward.It is now an appropriate time to update my assessment- this will be expanded further at our Annual General Meeting in May.- Metals- ...
Thu 23rd April 2009 - 01:25pm
Perth- Australia- Apr 23- 2009 - ABN Newswire - CityView Corporation Limited ASX-CVIPINK-CTVWF On November 12 I sent to you my assessment of CityViews projects and what I believed to be the best way forward.It is now an appropriate time to update my assessment- this will be expanded further at our Annual General Meeting in May.- Metals- ...
Thu 23rd April 2009 - 01:25pm
ACT motorcyclists risking life and limbs- survey
A survey of ACT motorcyclists has revealed most do not wear protective lower body clothing. ...
Thu 23rd April 2009 - 01:22pm
A survey of ACT motorcyclists has revealed most do not wear protective lower body clothing. ...
Thu 23rd April 2009 - 01:22pm
Hardie misleading on asbestos fund
The New South Wales Supreme Court has ruled that former James Hardie managers and directors breached corporations law over the companys restructure and establishment of an asbestos compensation trust in 2001. ...
Thu 23rd April 2009 - 01:17pm
The New South Wales Supreme Court has ruled that former James Hardie managers and directors breached corporations law over the companys restructure and establishment of an asbestos compensation trust in 2001. ...
Thu 23rd April 2009 - 01:17pm
Protesters greet Gunns ship
A large cargo ship carrying equipment for Gunns pulp mill project is about to enter the Tamar River in northern Tasmania. ...
Thu 23rd April 2009 - 01:14pm
A large cargo ship carrying equipment for Gunns pulp mill project is about to enter the Tamar River in northern Tasmania. ...
Thu 23rd April 2009 - 01:14pm
Biota gets boost from flu pandemic fears
Biota Holdings Ltd has received a boost from fears of a flu pandemic in the UK and Japan- with governments there stockpiling its anti-flu drug- Relenza. ...
Thu 23rd April 2009 - 01:10pm
Biota Holdings Ltd has received a boost from fears of a flu pandemic in the UK and Japan- with governments there stockpiling its anti-flu drug- Relenza. ...
Thu 23rd April 2009 - 01:10pm
Administrators appointed to Albidon
Voluntary administrators have been appointed to Africa-focused nickel miner Albidon Ltd to help it complete a funding deal with its major shareholder. ...
Thu 23rd April 2009 - 01:10pm
Voluntary administrators have been appointed to Africa-focused nickel miner Albidon Ltd to help it complete a funding deal with its major shareholder. ...
Thu 23rd April 2009 - 01:10pm
Australian Market Report of April 23- Market Seeking Direction
Sydney- Australia- Apr 23- 2009 - ABN Newswire - US stocks overnight fell in a choppy trade on Morgan Stanleys grim earnings report and possibility of a General Motors bankruptcy. Meanwhile- traders were cautious about banks credit conditions.The Australian share ended slightly lower on Wednesday despite strong lead on Wall Street. The market is still seeking direction amid global volatility. The benchmark S -amp ampP-ASX 200 index was down 9. ...
Thu 23rd April 2009 - 12:58pm
Sydney- Australia- Apr 23- 2009 - ABN Newswire - US stocks overnight fell in a choppy trade on Morgan Stanleys grim earnings report and possibility of a General Motors bankruptcy. Meanwhile- traders were cautious about banks credit conditions.The Australian share ended slightly lower on Wednesday despite strong lead on Wall Street. The market is still seeking direction amid global volatility. The benchmark S -amp ampP-ASX 200 index was down 9. ...
Thu 23rd April 2009 - 12:58pm
Australia shares up 1.2 Centennial Coal dives
SYDNEY- April 23 - Australian shares rose on Thursday- helped by strong gains in global miners such as Rio Tinto RIO and as a buy-out offer for brewer Lion Nathan LNN fanned hopes of more merger activity in the sector. ...
Thu 23rd April 2009 - 12:56pm
SYDNEY- April 23 - Australian shares rose on Thursday- helped by strong gains in global miners such as Rio Tinto RIO and as a buy-out offer for brewer Lion Nathan LNN fanned hopes of more merger activity in the sector. ...
Thu 23rd April 2009 - 12:56pm
Creditors told of Kleenmaid situation
A meeting of Kleenmaid creditors and customers has been told the financial situation is worse than expected. ...
Thu 23rd April 2009 - 12:51pm
A meeting of Kleenmaid creditors and customers has been told the financial situation is worse than expected. ...
Thu 23rd April 2009 - 12:51pm
Lion Nathan approached for full takeover
Brewer Lion Nathan Ltd has been approached by its biggest shareholder- Japanese beer-maker Kirin Holdings Co- to buy the remaining stock in the company. ...
Thu 23rd April 2009 - 12:50pm
Brewer Lion Nathan Ltd has been approached by its biggest shareholder- Japanese beer-maker Kirin Holdings Co- to buy the remaining stock in the company. ...
Thu 23rd April 2009 - 12:50pm
Chief Magistrate critical of delays in Alcoa case
Western Australias Chief Magistrate has questioned why there are lengthy delays in the case involving the mining company Alcoa- which is accused of causing pollution. ...
Thu 23rd April 2009 - 12:48pm
Western Australias Chief Magistrate has questioned why there are lengthy delays in the case involving the mining company Alcoa- which is accused of causing pollution. ...
Thu 23rd April 2009 - 12:48pm
Stockland revises 2009 guidance down
Stockland has revised its fiscal 2009 guidance down- saying pre-tax profit in its residential division now would be $60 million lower than earlier guidance. ...
Thu 23rd April 2009 - 12:46pm
Stockland has revised its fiscal 2009 guidance down- saying pre-tax profit in its residential division now would be $60 million lower than earlier guidance. ...
Thu 23rd April 2009 - 12:46pm
EBay profit- sales fall on weak economy
EBay Inc said the weak economy contributed to declines in both earnings and revenue for the second consecutive quarter. ...
Thu 23rd April 2009 - 12:46pm
EBay Inc said the weak economy contributed to declines in both earnings and revenue for the second consecutive quarter. ...
Thu 23rd April 2009 - 12:46pm
Roche shares plummet as drug trial fails
Shares in Roche Holding AG plummeted Wednesday after the Swiss drugmaker said its best-selling cancer medicine Avastin fails to stop early stage colon cancer. ...
Thu 23rd April 2009 - 12:44pm
Shares in Roche Holding AG plummeted Wednesday after the Swiss drugmaker said its best-selling cancer medicine Avastin fails to stop early stage colon cancer. ...
Thu 23rd April 2009 - 12:44pm
Trade labour availability better- study
The availability of trade labour improved marginally in the months leading up to March- despite a drop in building activity- an industry study shows. ...
Thu 23rd April 2009 - 12:43pm
The availability of trade labour improved marginally in the months leading up to March- despite a drop in building activity- an industry study shows. ...
Thu 23rd April 2009 - 12:43pm
Protesters prepare to greet Gunns ship
Protesters in northern Tasmania are preparing to greet a cargo ship which is understood to be carrying equipment for Gunns Bell Bay pulp mill. ...
Thu 23rd April 2009 - 12:40pm
Protesters in northern Tasmania are preparing to greet a cargo ship which is understood to be carrying equipment for Gunns Bell Bay pulp mill. ...
Thu 23rd April 2009 - 12:40pm
Aussie dollar slips as stocks- commodities decline
AUSTRALIAN CREDIT-FOREXSNAPSHOT FOREIGN EXCHANGE AT 0200 GMTagainst previous Sydney close AUD 0.7039-440.7055-57 AUDNZDR1.2692-241.2668-76 AUDJPYR 68.51-8769. ...
Thu 23rd April 2009 - 12:37pm
AUSTRALIAN CREDIT-FOREXSNAPSHOT FOREIGN EXCHANGE AT 0200 GMTagainst previous Sydney close AUD 0.7039-440.7055-57 AUDNZDR1.2692-241.2668-76 AUDJPYR 68.51-8769. ...
Thu 23rd April 2009 - 12:37pm
Hong Kong telecom PCCW abandons privatisation bid
HONG KONG AFP - Hong Kong telecoms giant PCCW on Thursday scrapped the 2. ...
Thu 23rd April 2009 - 12:32pm
HONG KONG AFP - Hong Kong telecoms giant PCCW on Thursday scrapped the 2. ...
Thu 23rd April 2009 - 12:32pm
Protesters prepare to greet Gunns ship
Protesters in northern Tasmania are preparing to greet a cargo ship which is understood to be carrying equipment for Gunns Bell Bay pulp mill. ...
Thu 23rd April 2009 - 12:27pm
Protesters in northern Tasmania are preparing to greet a cargo ship which is understood to be carrying equipment for Gunns Bell Bay pulp mill. ...
Thu 23rd April 2009 - 12:27pm
Creditors told of Kleenmaid situation
A meeting of Kleenmaid creditors and customers has been told the financial situation is worse than expected. ...
Thu 23rd April 2009 - 12:26pm
A meeting of Kleenmaid creditors and customers has been told the financial situation is worse than expected. ...
Thu 23rd April 2009 - 12:26pm
Kleenmaid situation worse than expected
A meeting of Kleenmaid creditors and customers has been told the financial situation is worse than expected. ...
Thu 23rd April 2009 - 12:22pm
A meeting of Kleenmaid creditors and customers has been told the financial situation is worse than expected. ...
Thu 23rd April 2009 - 12:22pm
Japans Nomura to log seven-bln-dlr net loss
TOKYO AFP - Japans top brokerage firm Nomura Holdings Inc. ...
Thu 23rd April 2009 - 12:14pm
TOKYO AFP - Japans top brokerage firm Nomura Holdings Inc. ...
Thu 23rd April 2009 - 12:14pm
Brumby flags Anzac Day licence changes
The Victorian Government says it is inappropriate for nightclubs to stay open during the Anzac Day dawn service on Saturday morning. ...
Thu 23rd April 2009 - 12:13pm
The Victorian Government says it is inappropriate for nightclubs to stay open during the Anzac Day dawn service on Saturday morning. ...
Thu 23rd April 2009 - 12:13pm
Hardie misleading on asbestos fund
The New South Wales Supreme Court has ruled that former James Hardie managers and directors breached corporations law over the companys restructure and establishment of an asbestos compensation trust in 2001. ...
Thu 23rd April 2009 - 12:10pm
The New South Wales Supreme Court has ruled that former James Hardie managers and directors breached corporations law over the companys restructure and establishment of an asbestos compensation trust in 2001. ...
Thu 23rd April 2009 - 12:10pm
Glaxo Q1 profit drops 13 per cent
GlaxoSmithKline- the world's second largest drug maker by revenues- posted a 13 per cent drop in net profit for the first quarter on Wednesday. ...
Thu 23rd April 2009 - 11:53am
GlaxoSmithKline- the world's second largest drug maker by revenues- posted a 13 per cent drop in net profit for the first quarter on Wednesday. ...
Thu 23rd April 2009 - 11:53am
Australia shares up 1 pct miners- Fosters gain
SYDNEY- April 23 - Australian shares rose on Thursday- helped by strong gains in global miners such as Rio Tinto RIO and as a buy-out offer for brewer Lion Nathan LNN fanned hopes of more merger activity in the sector. ...
Thu 23rd April 2009 - 11:53am
SYDNEY- April 23 - Australian shares rose on Thursday- helped by strong gains in global miners such as Rio Tinto RIO and as a buy-out offer for brewer Lion Nathan LNN fanned hopes of more merger activity in the sector. ...
Thu 23rd April 2009 - 11:53am
US McDonald's profit rises nearly 4
McDonald's says its first-quarter profit climbed nearly four per cent as more customers came to the Golden Arches for a cheap meal. ...
Thu 23rd April 2009 - 11:53am
McDonald's says its first-quarter profit climbed nearly four per cent as more customers came to the Golden Arches for a cheap meal. ...
Thu 23rd April 2009 - 11:53am
Morgan Stanley loses $US578m in Q1
Morgan Stanley says it lost $US578 million $A814.08 million in the first quarter- hurt by the deteriorating commercial real estate market. ...
Thu 23rd April 2009 - 11:52am
Morgan Stanley says it lost $US578 million $A814.08 million in the first quarter- hurt by the deteriorating commercial real estate market. ...
Thu 23rd April 2009 - 11:52am
Media influx tipped for best job announcement
Queensland Tourism Minister Peter Lawlor says a huge international media pack is expected to arrive in the Whitsundays in a fortnight for the announcement of the best job in the world winner. ...
Thu 23rd April 2009 - 11:50am
Queensland Tourism Minister Peter Lawlor says a huge international media pack is expected to arrive in the Whitsundays in a fortnight for the announcement of the best job in the world winner. ...
Thu 23rd April 2009 - 11:50am
Wells Fargo hits record profit of $US3b
US banking group Wells Fargo said on Wednesday it earned a record profit of $US3.05 billion $A4.3 billion in the first quarter. ...
Thu 23rd April 2009 - 11:49am
US banking group Wells Fargo said on Wednesday it earned a record profit of $US3.05 billion $A4.3 billion in the first quarter. ...
Thu 23rd April 2009 - 11:49am
Sydney rental vacancies hit record low
Rental accommodation in outer and inner Sydney suburbs continues to plummet- prompting renewed calls for banks to pass on the latest cut in interest rates. ...
Thu 23rd April 2009 - 11:48am
Rental accommodation in outer and inner Sydney suburbs continues to plummet- prompting renewed calls for banks to pass on the latest cut in interest rates. ...
Thu 23rd April 2009 - 11:48am
A-Cap Resources Limited ASX-ACB To Present At The World Nuclear Fuel Cycle 2009 Conference
Melbourne- Australia- Apr 23- 2009 - ABN Newswire - A-Cap Resources Limited ASX-ACB is pleased to announce that the Company has been selected to present at theWorld Nuclear Fuel Cycle 2009 Conference held in Sydney Australia.The organisers of this prestigious event are the World Nuclear Association and the Nuclear Energy Institute. ...
Thu 23rd April 2009 - 11:43am
Melbourne- Australia- Apr 23- 2009 - ABN Newswire - A-Cap Resources Limited ASX-ACB is pleased to announce that the Company has been selected to present at theWorld Nuclear Fuel Cycle 2009 Conference held in Sydney Australia.The organisers of this prestigious event are the World Nuclear Association and the Nuclear Energy Institute. ...
Thu 23rd April 2009 - 11:43am
AWM shareholders approve IOOF merger
Shareholders of Australian Wealth Management Ltd AWM have approved its $540 million all-scrip merger with IOOF Holdings Ltd. ...
Thu 23rd April 2009 - 11:37am
Shareholders of Australian Wealth Management Ltd AWM have approved its $540 million all-scrip merger with IOOF Holdings Ltd. ...
Thu 23rd April 2009 - 11:37am
Hardie misleading on asbestos fund
The New South Wales Supreme Court has ruled that James Hardie and its former managers engaged in misleading conduct over the establishment of an asbestos compensation trust in 2001. ...
Thu 23rd April 2009 - 11:37am
The New South Wales Supreme Court has ruled that James Hardie and its former managers engaged in misleading conduct over the establishment of an asbestos compensation trust in 2001. ...
Thu 23rd April 2009 - 11:37am
Santos output- sales revenue dips
Santos Ltd has reported a drop in March quarter oil and gas output and sales revenue but has maintained its full year guidance. ...
Thu 23rd April 2009 - 11:36am
Santos Ltd has reported a drop in March quarter oil and gas output and sales revenue but has maintained its full year guidance. ...
Thu 23rd April 2009 - 11:36am
A-Cap Resources Limited ASX-ACB Commences Drilling At The Letlhakane Uranium Project
Melbourne- Australia- Apr 23- 2009 - ABN Newswire - A-Cap Resources Limited ASX-ACB New geochemical assay data has been received for the Calcrete mineralisation at Mokobaesi which suggests significant U3O8 grade upside over the previous June 2008 calcrete resource.A 5-000m Resource Definition drilling program has commenced at the Gorgon Prospectwith the objective of moving the Resource from Inferred to Indicated status. ...
Thu 23rd April 2009 - 11:31am
Melbourne- Australia- Apr 23- 2009 - ABN Newswire - A-Cap Resources Limited ASX-ACB New geochemical assay data has been received for the Calcrete mineralisation at Mokobaesi which suggests significant U3O8 grade upside over the previous June 2008 calcrete resource.A 5-000m Resource Definition drilling program has commenced at the Gorgon Prospectwith the objective of moving the Resource from Inferred to Indicated status. ...
Thu 23rd April 2009 - 11:31am
Biota Holdings Limited ASX-BTA Announced Thier Relenza Royalty for March 2009 Quarter At A $32.3 Million
Melbourne- Australia- Apr 23- 2009 - ABN Newswire - Biota Holdings Limited ASX-BTAPINK-BTAHY today announced that it had received notification from GlaxoSmithKline LON-GSK that Relenza sales were A $462 million and indicative royalties were A $32.3 million- for the three months ended 31 March 2009.Indicative royalties for the nine months to 31 March 2009 total A $36.1 million. ...
Thu 23rd April 2009 - 11:30am
Melbourne- Australia- Apr 23- 2009 - ABN Newswire - Biota Holdings Limited ASX-BTAPINK-BTAHY today announced that it had received notification from GlaxoSmithKline LON-GSK that Relenza sales were A $462 million and indicative royalties were A $32.3 million- for the three months ended 31 March 2009.Indicative royalties for the nine months to 31 March 2009 total A $36.1 million. ...
Thu 23rd April 2009 - 11:30am
Axing housing grant will cost jobs- MBA
The Master Builders Association MBA predicts there will be substantial job losses in the West Australian economy if the Federal Government axes its First Home Owners Grant. ...
Thu 23rd April 2009 - 11:29am
The Master Builders Association MBA predicts there will be substantial job losses in the West Australian economy if the Federal Government axes its First Home Owners Grant. ...
Thu 23rd April 2009 - 11:29am
Sarissa Resources Inc.PINK-SRSR Winter Drill Program at Nemegosenda Property
Bay City- MI- United States- Apr 23- 2009 - ABN Newswire - Sarissa Resources Inc.PINK-SRSR is pleased to provide further assays and a summary of the completed 2008-2009 Phase One diamond drilling program from the Companys 100 percent owned Nemegosenda niobium property in northern Ontario. ...
Thu 23rd April 2009 - 11:15am
Bay City- MI- United States- Apr 23- 2009 - ABN Newswire - Sarissa Resources Inc.PINK-SRSR is pleased to provide further assays and a summary of the completed 2008-2009 Phase One diamond drilling program from the Companys 100 percent owned Nemegosenda niobium property in northern Ontario. ...
Thu 23rd April 2009 - 11:15am
SA scanners least accurate
A national survey shows electronic price scanners used by South Australian retailers are the least accurate of any state. ...
Thu 23rd April 2009 - 11:13am
A national survey shows electronic price scanners used by South Australian retailers are the least accurate of any state. ...
Thu 23rd April 2009 - 11:13am
Voluntary administration for Timbercorp
One of Australias largest agribusinesses- Timbercorp- has gone into voluntary administration. ...
Thu 23rd April 2009 - 10:59am
One of Australias largest agribusinesses- Timbercorp- has gone into voluntary administration. ...
Thu 23rd April 2009 - 10:59am
Big deficit inevitable- Swan
Treasurer Wayne Swan says bleak growth forecasts released overnight by the International Monetary Fund IMF show there is no way Australia can avoid a large Budget deficit. ...
Thu 23rd April 2009 - 10:54am
Treasurer Wayne Swan says bleak growth forecasts released overnight by the International Monetary Fund IMF show there is no way Australia can avoid a large Budget deficit. ...
Thu 23rd April 2009 - 10:54am
Big deficit inevitable- Swan
Treasurer Wayne Swan says bleak growth forecasts released overnight by the International Monetary Fund IMF show there is no way Australia can avoid a large Budget deficit. ...
Thu 23rd April 2009 - 10:50am
Treasurer Wayne Swan says bleak growth forecasts released overnight by the International Monetary Fund IMF show there is no way Australia can avoid a large Budget deficit. ...
Thu 23rd April 2009 - 10:50am
One in 10 NT businesses added to financial risk list
New figures show more than 800 Northern Territory businesses are at a higher risk of falling into financial distress over the next 12 months. ...
Thu 23rd April 2009 - 10:42am
New figures show more than 800 Northern Territory businesses are at a higher risk of falling into financial distress over the next 12 months. ...
Thu 23rd April 2009 - 10:42am
Voluntary administration for Timbercorp
One of Australias largest agribusinesses- Timbercorp- has gone into voluntary administration. ...
Thu 23rd April 2009 - 10:31am
One of Australias largest agribusinesses- Timbercorp- has gone into voluntary administration. ...
Thu 23rd April 2009 - 10:31am
Kleenmaid customers gather for meeting
Hundreds of Kleenmaid creditors and customers have gathered in Brisbane for their first meeting with administrators. ...
Thu 23rd April 2009 - 10:28am
Hundreds of Kleenmaid creditors and customers have gathered in Brisbane for their first meeting with administrators. ...
Thu 23rd April 2009 - 10:28am
Gold production down 5 at Newcrest
Newcrest Mining has maintained its full year production guidance- reporting gold production in the March quarter five per cent lower than the prior quarter. ...
Thu 23rd April 2009 - 10:25am
Newcrest Mining has maintained its full year production guidance- reporting gold production in the March quarter five per cent lower than the prior quarter. ...
Thu 23rd April 2009 - 10:25am
Timbercorp appoints administrators
Agribusiness Timbercorp Ltd has appointed voluntary administrators. ...
Thu 23rd April 2009 - 10:23am
Agribusiness Timbercorp Ltd has appointed voluntary administrators. ...
Thu 23rd April 2009 - 10:23am
Hardie refuses to pay more- despite asbestos fund shortfalls
Building materials supplier James Hardie says it cannot contribute more to the Asbestos Injuries Compensation Fund AICF- despite the funds warning that it may run short of money within two years. ...
Thu 23rd April 2009 - 10:23am
Building materials supplier James Hardie says it cannot contribute more to the Asbestos Injuries Compensation Fund AICF- despite the funds warning that it may run short of money within two years. ...
Thu 23rd April 2009 - 10:23am
Aussie tempered by bank woes yield curve steepens
SYDNEY- April 23 - The Australian dollar AUDD4 was tempered on Thursday by a revival in fears about the enfeebled U.S. banking sector- with talk that domestic rates may have bottomed failing to lift the local dollar. ...
Thu 23rd April 2009 - 10:22am
SYDNEY- April 23 - The Australian dollar AUDD4 was tempered on Thursday by a revival in fears about the enfeebled U.S. banking sector- with talk that domestic rates may have bottomed failing to lift the local dollar. ...
Thu 23rd April 2009 - 10:22am
Australia shares rise 1 percent- miners lead
SYDNEY- April 23 - Australian shares rose 1.0 percent on Thursday- led by major mining stocks and with financial shares lending support. ...
Thu 23rd April 2009 - 10:20am
SYDNEY- April 23 - Australian shares rose 1.0 percent on Thursday- led by major mining stocks and with financial shares lending support. ...
Thu 23rd April 2009 - 10:20am
Gunns ship coming in
The Wilderness Society has condemned timber company Gunns for bringing in a shipment of equipment for its planned Northern Tasmanian pulp mill. ...
Thu 23rd April 2009 - 10:14am
The Wilderness Society has condemned timber company Gunns for bringing in a shipment of equipment for its planned Northern Tasmanian pulp mill. ...
Thu 23rd April 2009 - 10:14am
MySpace chief executive stepping down
MySpace co-founder Chris DeWolfe is stepping down as chief executive of the social network- MySpace owner News Corp announced on Wednesday. ...
Thu 23rd April 2009 - 09:59am
MySpace co-founder Chris DeWolfe is stepping down as chief executive of the social network- MySpace owner News Corp announced on Wednesday. ...
Thu 23rd April 2009 - 09:59am
Gold production down 5 at Newcrest
Newcrest Mining has maintained its full year production guidance- reporting gold production in the March quarter five per cent lower than the prior quarter. ...
Thu 23rd April 2009 - 09:55am
Newcrest Mining has maintained its full year production guidance- reporting gold production in the March quarter five per cent lower than the prior quarter. ...
Thu 23rd April 2009 - 09:55am
Apple posts record Q2 profit
Apple reported its best second quarter ever with net profit growing 15 per cent to $US1.2 billion $A1.7 billion- largely on strong sales of the iPhone. ...
Thu 23rd April 2009 - 09:52am
Apple reported its best second quarter ever with net profit growing 15 per cent to $US1.2 billion $A1.7 billion- largely on strong sales of the iPhone. ...
Thu 23rd April 2009 - 09:52am
Country pensioners set to receive $500 fuel card
The State Government will begin sending out fuel cards for country pensioners next week. ...
Thu 23rd April 2009 - 09:48am
The State Government will begin sending out fuel cards for country pensioners next week. ...
Thu 23rd April 2009 - 09:48am
More bad news expected for Kleenmaid customers
Customers of Queensland-based firm Kleenmaid are being warned not to hold out much hope of getting their whitegoods or their deposits back. ...
Thu 23rd April 2009 - 09:43am
Customers of Queensland-based firm Kleenmaid are being warned not to hold out much hope of getting their whitegoods or their deposits back. ...
Thu 23rd April 2009 - 09:43am
Country pensioners set to receive $500 fuel card
The State Government will begin sending out fuel cards for country pensioners next week.Under the scheme- which is part of the royalties for regions program- pensioners in regional areas will receive ...
Thu 23rd April 2009 - 09:24am
The State Government will begin sending out fuel cards for country pensioners next week.Under the scheme- which is part of the royalties for regions program- pensioners in regional areas will receive ...
Thu 23rd April 2009 - 09:24am
No good news for Kleenmaid customers
Customers and creditors of Queensland-based appliance retailer Kleenmaid can expect no good news at the first meeting with the company's administrators. ...
Thu 23rd April 2009 - 09:20am
Customers and creditors of Queensland-based appliance retailer Kleenmaid can expect no good news at the first meeting with the company's administrators. ...
Thu 23rd April 2009 - 09:20am
Judgement day for James Hardie execs
The New South Wales Supreme Court will today deliver its judgement on 10 former James Hardie managers and directors who were involved in the massive underfunding of asbestos liabilities. ...
Thu 23rd April 2009 - 09:20am
The New South Wales Supreme Court will today deliver its judgement on 10 former James Hardie managers and directors who were involved in the massive underfunding of asbestos liabilities. ...
Thu 23rd April 2009 - 09:20am
Stockland revises 2009 guidance down
Stockland has revised its fiscal 2009 guidance down- saying pre-tax profit in its residential division now would be $60 million lower than earlier guidance. ...
Thu 23rd April 2009 - 09:19am
Stockland has revised its fiscal 2009 guidance down- saying pre-tax profit in its residential division now would be $60 million lower than earlier guidance. ...
Thu 23rd April 2009 - 09:19am
Roche shares plummet as drug trial fails
Shares in Roche Holding AG plummeted Wednesday after the Swiss drugmaker said its best-selling cancer medicine Avastin fails to stop early stage colon cancer. ...
Thu 23rd April 2009 - 08:52am
Shares in Roche Holding AG plummeted Wednesday after the Swiss drugmaker said its best-selling cancer medicine Avastin fails to stop early stage colon cancer. ...
Thu 23rd April 2009 - 08:52am
Strong sales lift Apple profit 15
Strong sales of the iPhone helped Apple lift its quarterly profit 15 per cent- well ahead of Wall Street's expectations despite the global economic downturn. ...
Thu 23rd April 2009 - 08:50am
Strong sales of the iPhone helped Apple lift its quarterly profit 15 per cent- well ahead of Wall Street's expectations despite the global economic downturn. ...
Thu 23rd April 2009 - 08:50am
Big deficit inevitable- Swan
Treasurer Wayne Swan says bleak growth forecasts released overnight by the International Monetary Fund IMF show there is no way Australia can avoid a large Budget deficit. ...
Thu 23rd April 2009 - 08:43am
Treasurer Wayne Swan says bleak growth forecasts released overnight by the International Monetary Fund IMF show there is no way Australia can avoid a large Budget deficit. ...
Thu 23rd April 2009 - 08:43am
Employers profiteering from financial crisis
Major companies are using the global financial crisis as an excuse to slash employee wages and conditions in order to boost their bottom line- says the Liquor- Hospitality and Miscellaneous Union LHMU. ...
Thu 23rd April 2009 - 08:23am
Major companies are using the global financial crisis as an excuse to slash employee wages and conditions in order to boost their bottom line- says the Liquor- Hospitality and Miscellaneous Union LHMU. ...
Thu 23rd April 2009 - 08:23am
BHPs Iron Ore Surprise
BHP Billiton spent much of the commentary at the start of its third quarter production report talking about its prudence and not much about the performance of the giants worldwide mining operations.Gone was the optimism and talk about long term fundamentals from previous quarterly statements.We did learn of solid production in petroleum and falls in production after previously announced cuts- but it wasnt until we got to the comments deep in the report on its iron ore business that we learned that some buyers of its Western Australian iron ore have asked to defer long term purchase agreements.Quite a few in fact enough to cover 28 of output from the companys WA iron ore operations at Mount Newman.Thats believed to be more than double the 10 or so of iron ore output the company normally sells into the spot market.But that was more than 22 million tonnes over the nine months to March output which was pushed into the lower priced spot market to prevent stocks from building.BHP said in the production statement to the ASX that long term contracts accounted for 72 of its WA iron ore sales in the nine months ended March 31. -amp quotFor the nine months ended March 2009- 72 per cent of Western Australia Iron Ore shipments on a wet metric tonne basis were based on annually agreed pricing- -amp quot BHP said.That means 28 of those shipments were at lower than contract prices- at times up to 60 lower than the contract prices BHP and Rio- Vale and other producers were selling at under long term contracts with buyers.The news confirmed reports circulating in the industry and among analysts that BHP has been pushing more ore into the spot market.Originally it was thought BHP wanted to do this to promote more pricing flexibility and to force the iron ore and coking and thermal coal industries as well into a more flexible market structure- like oil and metals.Looked at another way- in the 9 months to March 31- BHP produced 80.8 million tonnes from its WA mines. So around 22.6 million tonnes were sold at market prices- which will force analysts to lower estimates for the profitability of the iron ore business.Overall production worldwide was a record 87.36 million tonnes in the nine months to March.It also shows how determined BHP is to power through this recession without a build up in stocks- even if the dumping of unwanted iron ore on world markets at sharply lower prices has put added downward pressure on contract prices for the April 1 shipping year to China- Japan and other major markets.This is the first time BHP has broken out that figure.It can also be viewed one more way- the 72 of production sold under contract indicates the level of performance by buyers under those contracts. A 28 deferment rate is substantial.BHP said production of iron ore was little changed at 28.19 million tonnes in the three months ended March 31 and around 26.4 million tonnes from WA.So the amount of deferred ore sold into the spot market was only around 4.2 million tonnes less than the March quarterly output- which is a substantial amount.The production figures were issued before the market opened yesterday. The shares opened higher around $32.06- $32.09- then fell in morning trading- before dropping again to $31.49 at the close.Investors had taken time to think about the comments on iron ore and the news of the big move to spot sales to clean up unwanted tonnages- and the implications for earnings that flowed from that.In its general commentary- BHP said- -amp quotAgainst a backdrop of weak demand- BHP Billiton achieved sound operational results- albeit with lower production compared to the December 2008 quarter. -amp quotThis quarters production reflects managements proactive and decisive actions in response to the challenging market conditions. -amp quotThese actions include previously announced production curtailments in Samarco- Samancor Manganese and across our metallurgical coal operations. -amp quotIn the medium term- we expect that market conditions will remain uncertain. Consistent with the way we have managed our business to date all our operations will remain under review. -amp quotWe will continue to take appropriate actions in any business that is cash negative and set to remain so- or where there is lack of demand. -amp quotOur track record in taking difficult but prudent decisions has ensured that we have an exceptional portfolio of low cost and long life assets. This means that our margins are among the best in the sector. -amp quotWith our low financial and operational leverage and a strong balance sheet we are in a unique position to continue to invest in future growth and deliver long term value to our shareholders. -amp quotWe are also well placed to take advantage of opportunities in the market- but with our usual disciplined approach- -amp quot the company saidAluminium output fell 4 but nickel production rose 10 in the third quarter.The quarters iron ore production slowed as the company suspended operations in Western Australia after a worker was killed in March- the fifth fatality this financial year.Petroleum production declined 3 to 31.67 million barrels of oil equivalent boe from a year earlier- slowed by damage caused to pipelines and infrastructure and slowing seasonal demand for natural gas.For the nine months to March- petroleum production was a record at 99.63 million boe.Rio Tinto last week said its iron ore production was 31.6 million tonnes in the three months to March 31- down from 37.4 million tonnes in the first quarter of 2008.Rio reported record quarterly output of 42.4 million tonnes in the September quarter of last year- so the fall from that peak is substantial- off more than 25.Rio is holding to its 2009 full year guidance for iron ore output of 200 million tonnes- which would mean it would have to lift iron ore output around the world to record levels of 55 million tonnes or thereabouts for each of the next three quarters.Thats a tall order- even if the Chinese industry does recover. China imported a record 52 million tonnes in March as it builds up stockpiles to help it through any possible contract hiccups with Rio- BHP and Vale of Brazil.Rio also revealed plans to cut new exploration spending by 60 this year as it continues to tighten its belt.At BHP no sign of any cuts as it spent heavily- -amp quotGrassroots exploration continued on targets in Australia- Chile- Argentina- Zambia and Gabon and on diamond targets in Canada. -amp quotExploration for iron ore- coal- bauxite and manganese was undertaken in a number of regions including Australia- South America- Russia and West Africa. -amp quotFor the nine months ended 31 March 2009- BHP Billiton spent US $514 million on minerals exploration- of which US $460 million was expensed. -amp quot -amp 160 ...
Thu 23rd April 2009 - 08:16am
BHP Billiton spent much of the commentary at the start of its third quarter production report talking about its prudence and not much about the performance of the giants worldwide mining operations.Gone was the optimism and talk about long term fundamentals from previous quarterly statements.We did learn of solid production in petroleum and falls in production after previously announced cuts- but it wasnt until we got to the comments deep in the report on its iron ore business that we learned that some buyers of its Western Australian iron ore have asked to defer long term purchase agreements.Quite a few in fact enough to cover 28 of output from the companys WA iron ore operations at Mount Newman.Thats believed to be more than double the 10 or so of iron ore output the company normally sells into the spot market.But that was more than 22 million tonnes over the nine months to March output which was pushed into the lower priced spot market to prevent stocks from building.BHP said in the production statement to the ASX that long term contracts accounted for 72 of its WA iron ore sales in the nine months ended March 31. -amp quotFor the nine months ended March 2009- 72 per cent of Western Australia Iron Ore shipments on a wet metric tonne basis were based on annually agreed pricing- -amp quot BHP said.That means 28 of those shipments were at lower than contract prices- at times up to 60 lower than the contract prices BHP and Rio- Vale and other producers were selling at under long term contracts with buyers.The news confirmed reports circulating in the industry and among analysts that BHP has been pushing more ore into the spot market.Originally it was thought BHP wanted to do this to promote more pricing flexibility and to force the iron ore and coking and thermal coal industries as well into a more flexible market structure- like oil and metals.Looked at another way- in the 9 months to March 31- BHP produced 80.8 million tonnes from its WA mines. So around 22.6 million tonnes were sold at market prices- which will force analysts to lower estimates for the profitability of the iron ore business.Overall production worldwide was a record 87.36 million tonnes in the nine months to March.It also shows how determined BHP is to power through this recession without a build up in stocks- even if the dumping of unwanted iron ore on world markets at sharply lower prices has put added downward pressure on contract prices for the April 1 shipping year to China- Japan and other major markets.This is the first time BHP has broken out that figure.It can also be viewed one more way- the 72 of production sold under contract indicates the level of performance by buyers under those contracts. A 28 deferment rate is substantial.BHP said production of iron ore was little changed at 28.19 million tonnes in the three months ended March 31 and around 26.4 million tonnes from WA.So the amount of deferred ore sold into the spot market was only around 4.2 million tonnes less than the March quarterly output- which is a substantial amount.The production figures were issued before the market opened yesterday. The shares opened higher around $32.06- $32.09- then fell in morning trading- before dropping again to $31.49 at the close.Investors had taken time to think about the comments on iron ore and the news of the big move to spot sales to clean up unwanted tonnages- and the implications for earnings that flowed from that.In its general commentary- BHP said- -amp quotAgainst a backdrop of weak demand- BHP Billiton achieved sound operational results- albeit with lower production compared to the December 2008 quarter. -amp quotThis quarters production reflects managements proactive and decisive actions in response to the challenging market conditions. -amp quotThese actions include previously announced production curtailments in Samarco- Samancor Manganese and across our metallurgical coal operations. -amp quotIn the medium term- we expect that market conditions will remain uncertain. Consistent with the way we have managed our business to date all our operations will remain under review. -amp quotWe will continue to take appropriate actions in any business that is cash negative and set to remain so- or where there is lack of demand. -amp quotOur track record in taking difficult but prudent decisions has ensured that we have an exceptional portfolio of low cost and long life assets. This means that our margins are among the best in the sector. -amp quotWith our low financial and operational leverage and a strong balance sheet we are in a unique position to continue to invest in future growth and deliver long term value to our shareholders. -amp quotWe are also well placed to take advantage of opportunities in the market- but with our usual disciplined approach- -amp quot the company saidAluminium output fell 4 but nickel production rose 10 in the third quarter.The quarters iron ore production slowed as the company suspended operations in Western Australia after a worker was killed in March- the fifth fatality this financial year.Petroleum production declined 3 to 31.67 million barrels of oil equivalent boe from a year earlier- slowed by damage caused to pipelines and infrastructure and slowing seasonal demand for natural gas.For the nine months to March- petroleum production was a record at 99.63 million boe.Rio Tinto last week said its iron ore production was 31.6 million tonnes in the three months to March 31- down from 37.4 million tonnes in the first quarter of 2008.Rio reported record quarterly output of 42.4 million tonnes in the September quarter of last year- so the fall from that peak is substantial- off more than 25.Rio is holding to its 2009 full year guidance for iron ore output of 200 million tonnes- which would mean it would have to lift iron ore output around the world to record levels of 55 million tonnes or thereabouts for each of the next three quarters.Thats a tall order- even if the Chinese industry does recover. China imported a record 52 million tonnes in March as it builds up stockpiles to help it through any possible contract hiccups with Rio- BHP and Vale of Brazil.Rio also revealed plans to cut new exploration spending by 60 this year as it continues to tighten its belt.At BHP no sign of any cuts as it spent heavily- -amp quotGrassroots exploration continued on targets in Australia- Chile- Argentina- Zambia and Gabon and on diamond targets in Canada. -amp quotExploration for iron ore- coal- bauxite and manganese was undertaken in a number of regions including Australia- South America- Russia and West Africa. -amp quotFor the nine months ended 31 March 2009- BHP Billiton spent US $514 million on minerals exploration- of which US $460 million was expensed. -amp quot -amp 160 ...
Thu 23rd April 2009 - 08:16am
Australia shares seen flat- bank worries to weigh
Morgan Stanley posted its third loss in six quarters as real estate losses and a charge wiped out trading profits. ID-nN22534760 ...
Thu 23rd April 2009 - 08:11am
Morgan Stanley posted its third loss in six quarters as real estate losses and a charge wiped out trading profits. ID-nN22534760 ...
Thu 23rd April 2009 - 08:11am
Inflation OK- But No Move For Rates
On one level it was a good result- on another the March quarter Consumer Price Index contained a reminder or three that we still have cost pressures- even though the economy is slowing.So its a good thing that inflation is not a first order issue at the moment for the Reserve Bank to be assessing as it approaches a possible rate cut-rise at its next board meeting on May 5.As the minutes of the last meeting on April 7- released Tuesday- made clear- the bank is looking at growth- demand levels and unemployment as first order issues for its monetary policy stance.Inflation is on the backburner and assumed to fall further over the next quarter or two as the slowdown deepens.Thats why talk of inflation being back inside the RBAs target range is of academic interest at the moment- growth and unemployment are of far greater concerns.But the rise in the quarter- especially by the banks two preferred measures- will have been noted and stuck into the dont forget basket.The March quarter Consumer Price Index from the Australian Bureau of Statistics -amp 160produced a conflicting outcome- a great result on the headline basis with the CPI rising by just 0.1 in the quarter- to produce a sharp fall in the annual figure to 2.5 from the 3.7 in the December quarter.But the CPI fell 0.3 in the December quarter with falls in all groups excluding housing- finance and insurance.That fall was reversed in the March quarter- up 0.8 against the 0.7 fall in the December quarter.On the face of it- a good result- but the way the index movement was influenced tells us a lot about the price pressures still remaining in the economy.They are significant and driven a good deal by government charges rising- such as electricity and drugs.Which is normal at this time of year.That result reinforces the message from the Reserve Banks preferred measures which showed no change- if anything a slight rise in some areas- a fall in others- but a rate still too high for the banks liking.The RBAs two measures the Weighted Median and Trimmed Mean produced a rise of 1.1 in the quarter- significantly higher than the small gain in the headline CPI.-The RBA said the Weighted Median rose by 1.2 in the quarter 0.9 in the December quarter- and the Trimmed Mean rose 1.0 0.6.For the full year to March the Weighted Median rose 4.4 4.5 in the December quarter and the Trimmed Mean saw a rise of 3.9 4.2. That gave an average rise for the year of 4.3.Such a rise could have seen a rate rise at the next board meeting if there hadnt been one or two in the past few months anyway.Forecasts from market economists were astray- economists had expected the average of the two RBA measures to rise by 0.8 in the March quarter for an annual rate of 3.9- while the headline CPI was forecast to rise by 0.5 in the quarter- for an annual rate of 2.9.The ABS said that driving the rise was a 13 jump in the cost of pharmaceuticals- a 1.7 rise in the cost of rents- a 7.6 rise in secondary education fees private schools- a 6 rise in the cost of vegetables and a 3.6 rise in the cost of electricity. -amp quotThe most significant offsetting price falls this quarter were for deposit and loan facilities -14.1- automotive fuel -8.1- domestic holiday travel and accommodation -5.1 and overseas holiday travel and accommodation -4.0- -amp quot the ABS said.The ABS said at the -amp quotAll groups level- the CPI rose in all capital cities this quarter- with the exception of Perth which fell 0.1 and Adelaide which recorded zero percentage change. -amp quotAmong the cities recording a positive movement- Canberra registered the highest increase with a rise of 0.4- while all other cities were in the range of 0.1 to 0.2. -amp quotThe food group recorded the largest positive contribution in all cities with the exception of Darwin which had food as the second highest positive contributor. -amp quotAt the eight capital cities level the health group was the second highest positive contributor to the quarterly movement showing increases in all cities. -amp quotThe housing group was the highest positive contributor to the Darwin movement with an increase of 1.8 this quarter. Housing prices rose across all other cities rose during the quarter- making it the third most significant positive contributor to the quarterly movement. -amp quotThe education group also rose across all cities- with the highest increase in Hobart where it was the second highest contributing group after food. -amp quotThe financial and insurance services group was the largest negative contributor for all cities. This was followed by the transport group which also fell in all cities. -amp quotThe only city to see a decrease this quarter was Perth. This decrease was mainly due to the larger decrease in transportation than seen in other cities. Perth also showed a relatively larger decrease for clothing and footwear- where most other cities recorded small price increases. -amp quotOver the twelve months to March quarter 2009- the All groups CPI rose in all capital cities with the increases ranging from 2.1 in Melbourne to 3.1 in Brisbane. -amp quotThe higher result in Brisbane is largely due to stronger than average rises in housing and household contents and services. -amp quotIn addition- the offset provided by transportation was relatively weaker compared to other cities- -amp quot the ABS said. ...
Thu 23rd April 2009 - 08:11am
On one level it was a good result- on another the March quarter Consumer Price Index contained a reminder or three that we still have cost pressures- even though the economy is slowing.So its a good thing that inflation is not a first order issue at the moment for the Reserve Bank to be assessing as it approaches a possible rate cut-rise at its next board meeting on May 5.As the minutes of the last meeting on April 7- released Tuesday- made clear- the bank is looking at growth- demand levels and unemployment as first order issues for its monetary policy stance.Inflation is on the backburner and assumed to fall further over the next quarter or two as the slowdown deepens.Thats why talk of inflation being back inside the RBAs target range is of academic interest at the moment- growth and unemployment are of far greater concerns.But the rise in the quarter- especially by the banks two preferred measures- will have been noted and stuck into the dont forget basket.The March quarter Consumer Price Index from the Australian Bureau of Statistics -amp 160produced a conflicting outcome- a great result on the headline basis with the CPI rising by just 0.1 in the quarter- to produce a sharp fall in the annual figure to 2.5 from the 3.7 in the December quarter.But the CPI fell 0.3 in the December quarter with falls in all groups excluding housing- finance and insurance.That fall was reversed in the March quarter- up 0.8 against the 0.7 fall in the December quarter.On the face of it- a good result- but the way the index movement was influenced tells us a lot about the price pressures still remaining in the economy.They are significant and driven a good deal by government charges rising- such as electricity and drugs.Which is normal at this time of year.That result reinforces the message from the Reserve Banks preferred measures which showed no change- if anything a slight rise in some areas- a fall in others- but a rate still too high for the banks liking.The RBAs two measures the Weighted Median and Trimmed Mean produced a rise of 1.1 in the quarter- significantly higher than the small gain in the headline CPI.-The RBA said the Weighted Median rose by 1.2 in the quarter 0.9 in the December quarter- and the Trimmed Mean rose 1.0 0.6.For the full year to March the Weighted Median rose 4.4 4.5 in the December quarter and the Trimmed Mean saw a rise of 3.9 4.2. That gave an average rise for the year of 4.3.Such a rise could have seen a rate rise at the next board meeting if there hadnt been one or two in the past few months anyway.Forecasts from market economists were astray- economists had expected the average of the two RBA measures to rise by 0.8 in the March quarter for an annual rate of 3.9- while the headline CPI was forecast to rise by 0.5 in the quarter- for an annual rate of 2.9.The ABS said that driving the rise was a 13 jump in the cost of pharmaceuticals- a 1.7 rise in the cost of rents- a 7.6 rise in secondary education fees private schools- a 6 rise in the cost of vegetables and a 3.6 rise in the cost of electricity. -amp quotThe most significant offsetting price falls this quarter were for deposit and loan facilities -14.1- automotive fuel -8.1- domestic holiday travel and accommodation -5.1 and overseas holiday travel and accommodation -4.0- -amp quot the ABS said.The ABS said at the -amp quotAll groups level- the CPI rose in all capital cities this quarter- with the exception of Perth which fell 0.1 and Adelaide which recorded zero percentage change. -amp quotAmong the cities recording a positive movement- Canberra registered the highest increase with a rise of 0.4- while all other cities were in the range of 0.1 to 0.2. -amp quotThe food group recorded the largest positive contribution in all cities with the exception of Darwin which had food as the second highest positive contributor. -amp quotAt the eight capital cities level the health group was the second highest positive contributor to the quarterly movement showing increases in all cities. -amp quotThe housing group was the highest positive contributor to the Darwin movement with an increase of 1.8 this quarter. Housing prices rose across all other cities rose during the quarter- making it the third most significant positive contributor to the quarterly movement. -amp quotThe education group also rose across all cities- with the highest increase in Hobart where it was the second highest contributing group after food. -amp quotThe financial and insurance services group was the largest negative contributor for all cities. This was followed by the transport group which also fell in all cities. -amp quotThe only city to see a decrease this quarter was Perth. This decrease was mainly due to the larger decrease in transportation than seen in other cities. Perth also showed a relatively larger decrease for clothing and footwear- where most other cities recorded small price increases. -amp quotOver the twelve months to March quarter 2009- the All groups CPI rose in all capital cities with the increases ranging from 2.1 in Melbourne to 3.1 in Brisbane. -amp quotThe higher result in Brisbane is largely due to stronger than average rises in housing and household contents and services. -amp quotIn addition- the offset provided by transportation was relatively weaker compared to other cities- -amp quot the ABS said. ...
Thu 23rd April 2009 - 08:11am
Gunns ship coming in
A large cargo ship understood to be bringing equipment for the Gunns pulp mill is due to arrive at Bell Bay in Northern Tasmania today. ...
Thu 23rd April 2009 - 07:56am
A large cargo ship understood to be bringing equipment for the Gunns pulp mill is due to arrive at Bell Bay in Northern Tasmania today. ...
Thu 23rd April 2009 - 07:56am
Customers prepare for first creditors meeting for ailing Kleenmaid
The first step in deciding the future of the Queensland appliance company Kleenmaid gets underway at a creditors meeting in Brisbane later this morning. ...
Thu 23rd April 2009 - 07:44am
The first step in deciding the future of the Queensland appliance company Kleenmaid gets underway at a creditors meeting in Brisbane later this morning. ...
Thu 23rd April 2009 - 07:44am
Suriname in bauxite deal with Glencore
PARAMARIBO AFP - Suriname Wednesday signed a deal with Swiss-based Glencore International inviting it to be a strategic partner in bauxite negotiations with US aluminum giant Alcoa. ...
Thu 23rd April 2009 - 07:41am
PARAMARIBO AFP - Suriname Wednesday signed a deal with Swiss-based Glencore International inviting it to be a strategic partner in bauxite negotiations with US aluminum giant Alcoa. ...
Thu 23rd April 2009 - 07:41am
US McDonald's profit rises nearly 4
McDonald's says its first-quarter profit climbed nearly four per cent as more customers came to the Golden Arches for a cheap meal. ...
Thu 23rd April 2009 - 07:23am
McDonald's says its first-quarter profit climbed nearly four per cent as more customers came to the Golden Arches for a cheap meal. ...
Thu 23rd April 2009 - 07:23am
Glaxo Q1 profit drops 13 per cent
GlaxoSmithKline- the world's second largest drug maker by revenues- posted a 13 per cent drop in net profit for the first quarter on Wednesday. ...
Thu 23rd April 2009 - 07:17am
GlaxoSmithKline- the world's second largest drug maker by revenues- posted a 13 per cent drop in net profit for the first quarter on Wednesday. ...
Thu 23rd April 2009 - 07:17am
Morgan Stanley loses $US578m in Q1
Morgan Stanley says it lost $US578 million $A814.08 million in the first quarter- hurt by the deteriorating commercial real estate market. ...
Thu 23rd April 2009 - 07:17am
Morgan Stanley says it lost $US578 million $A814.08 million in the first quarter- hurt by the deteriorating commercial real estate market. ...
Thu 23rd April 2009 - 07:17am
Britain expects return to growth in 2009
Britain- fighting its worst recession since World War II- should return to growth at the end of this year- finance minister Alistair Darling said. ...
Thu 23rd April 2009 - 07:16am
Britain- fighting its worst recession since World War II- should return to growth at the end of this year- finance minister Alistair Darling said. ...
Thu 23rd April 2009 - 07:16am
Bank fears weigh on Wall St
Stocks on Wall Street headed south overnight- losing just over 1 per cent in a choppy session. ...
Thu 23rd April 2009 - 07:14am
Stocks on Wall Street headed south overnight- losing just over 1 per cent in a choppy session. ...
Thu 23rd April 2009 - 07:14am
Customers prepare for first creditors meeting for ailing Kleenmaid
The first step in deciding the future of the Queensland appliance company Kleenmaid gets underway at a creditors meeting in Brisbane later this morning. ...
Thu 23rd April 2009 - 07:12am
The first step in deciding the future of the Queensland appliance company Kleenmaid gets underway at a creditors meeting in Brisbane later this morning. ...
Thu 23rd April 2009 - 07:12am
IMF sees deeper 2009 decline- weak 2010
WASHINGTON AFP - The International Monetary Fund on Wednesday forecast a severe global contraction this year- sharply downgrading its already bleak outlook from earlier this year. ...
Thu 23rd April 2009 - 06:59am
WASHINGTON AFP - The International Monetary Fund on Wednesday forecast a severe global contraction this year- sharply downgrading its already bleak outlook from earlier this year. ...
Thu 23rd April 2009 - 06:59am
UK announce car swap scheme in budget
Britain will pay drivers to swap old cars for new in a scheme to boost its stricken car sector- its finance minister said in Wednesday's budget. ...
Thu 23rd April 2009 - 06:58am
Britain will pay drivers to swap old cars for new in a scheme to boost its stricken car sector- its finance minister said in Wednesday's budget. ...
Thu 23rd April 2009 - 06:58am
Ship on way carrying pulp mill equipment
A large cargo ship understood to be bringing equipment for the Gunns pulp mill is due to arrive at Bell Bay in Northern Tasmania today. ...
Thu 23rd April 2009 - 06:32am
A large cargo ship understood to be bringing equipment for the Gunns pulp mill is due to arrive at Bell Bay in Northern Tasmania today. ...
Thu 23rd April 2009 - 06:32am
Britain forecasts economy to shrink fastest since WWII
LONDON AFP - The British economy will shrink this year at the fastest rate since 1945 and suffer sky-high public debt as a result of the global financial crisis- finance minister Alistair Darling forecast Wednesday. ...
Thu 23rd April 2009 - 06:29am
LONDON AFP - The British economy will shrink this year at the fastest rate since 1945 and suffer sky-high public debt as a result of the global financial crisis- finance minister Alistair Darling forecast Wednesday. ...
Thu 23rd April 2009 - 06:29am
Its going to get worse- IMF
The International Monetary Fund IMF is predicting Australias economy will contract 1.4 per cent this year as unemployment continues to rise and the world experiences the first global recession since World War II. ...
Thu 23rd April 2009 - 05:45am
The International Monetary Fund IMF is predicting Australias economy will contract 1.4 per cent this year as unemployment continues to rise and the world experiences the first global recession since World War II. ...
Thu 23rd April 2009 - 05:45am
Decade to recover- UK hands down horror Budget
The British economy will shrink this year at the fastest rate since 1945 and suffer sky-high public debt as a result of the global financial crisis- finance minister Alistair Darling forecast overnight. ...
Thu 23rd April 2009 - 05:41am
The British economy will shrink this year at the fastest rate since 1945 and suffer sky-high public debt as a result of the global financial crisis- finance minister Alistair Darling forecast overnight. ...
Thu 23rd April 2009 - 05:41am
Its going to get worse- IMF
The International Monetary Fund has drastically downgraded its outlook for the Australian economy- forecasting it will contract by 1.4 per cent this year before growing slightly again next year. ...
Thu 23rd April 2009 - 05:32am
The International Monetary Fund has drastically downgraded its outlook for the Australian economy- forecasting it will contract by 1.4 per cent this year before growing slightly again next year. ...
Thu 23rd April 2009 - 05:32am
Financial crisis spikes rental costs
Australias Housing Industry Association HIA says dwindling investment in rental accommodation is pushing up rental costs across the country. ...
Thu 23rd April 2009 - 05:10am
Australias Housing Industry Association HIA says dwindling investment in rental accommodation is pushing up rental costs across the country. ...
Thu 23rd April 2009 - 05:10am
Boeing profit slammed by global downturn
WASHINGTON AFP - Boeing said Wednesday first-quarter profits fell 50 percent from a year ago to 610 million dollars- citing a global downturn that presents -amp quotunprecedented challenges -amp quot for the aerospace company. ...
Thu 23rd April 2009 - 01:56am
WASHINGTON AFP - Boeing said Wednesday first-quarter profits fell 50 percent from a year ago to 610 million dollars- citing a global downturn that presents -amp quotunprecedented challenges -amp quot for the aerospace company. ...
Thu 23rd April 2009 - 01:56am
McDonalds squeezes more profit from revenue drop
CHICAGO AFP - Fast-food leader McDonalds said Wednesday it pumped up first-quarter profit by four percent to 979 million dollars- despite a 10 percent decline in worldwide revenues. ...
Thu 23rd April 2009 - 01:16am
CHICAGO AFP - Fast-food leader McDonalds said Wednesday it pumped up first-quarter profit by four percent to 979 million dollars- despite a 10 percent decline in worldwide revenues. ...
Thu 23rd April 2009 - 01:16am
Its going to get worse- IMF
The International Monetary Fund has drastically downgraded its outlook for the Australian economy- forecasting it will contract by 1.4 per cent this year before growing slightly again next year. ...
Thu 23rd April 2009 - 12:54am
The International Monetary Fund has drastically downgraded its outlook for the Australian economy- forecasting it will contract by 1.4 per cent this year before growing slightly again next year. ...
Thu 23rd April 2009 - 12:54am
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