US home prices fall- but pace of decline eases
WASHINGTON AFP - Home prices in major US cities fell again in February but the pace of decline eased slightly- a survey showed Tuesday. ...
Tue 28th April 2009 - 11:30pm
WASHINGTON AFP - Home prices in major US cities fell again in February but the pace of decline eased slightly- a survey showed Tuesday. ...
Tue 28th April 2009 - 11:30pm
Bristol-Myers post $638mln 1st quarter earnings
NEW YORK AFP - Bristol-Myers Squibb posted first quarter earnings of 638 million dollars for the first quarter of 2009- against 647 million dollars for the same period last year- the US pharmaceutical company said Tuesday. ...
Tue 28th April 2009 - 09:56pm
NEW YORK AFP - Bristol-Myers Squibb posted first quarter earnings of 638 million dollars for the first quarter of 2009- against 647 million dollars for the same period last year- the US pharmaceutical company said Tuesday. ...
Tue 28th April 2009 - 09:56pm
Oil prices slide under $50
LONDON AFP - Crude prices retreated below 50 dollars a barrel on Tuesday- hit by worries that the swine flu outbreak could dent demand for airline travel and hinder a global economic recovery- analysts said. ...
Tue 28th April 2009 - 09:33pm
LONDON AFP - Crude prices retreated below 50 dollars a barrel on Tuesday- hit by worries that the swine flu outbreak could dent demand for airline travel and hinder a global economic recovery- analysts said. ...
Tue 28th April 2009 - 09:33pm
Singapores Deep Tunnel Sewerage System wins Global Water Award 2009
Singapore- Apr 28- 2009 - ACN Newswire - Singapores Deep Tunnel Sewerage System DTSS is fast gaining recognition on the global water stage with its second international award in less than a year.Crowned Water Project of the Year at the Global Water Awards 2009 in Zurich- Switzerland last night- the DTSS was selected as the water project with the most significant contribution to water technology and environmental protection. ...
Tue 28th April 2009 - 09:20pm
Singapore- Apr 28- 2009 - ACN Newswire - Singapores Deep Tunnel Sewerage System DTSS is fast gaining recognition on the global water stage with its second international award in less than a year.Crowned Water Project of the Year at the Global Water Awards 2009 in Zurich- Switzerland last night- the DTSS was selected as the water project with the most significant contribution to water technology and environmental protection. ...
Tue 28th April 2009 - 09:20pm
Pork trade bans not based on science
Panic about the spread of swine flu has prompted several countries to ban pork imports- despite assurances the virus is not spread by eating infected pig meat. ...
Tue 28th April 2009 - 08:49pm
Panic about the spread of swine flu has prompted several countries to ban pork imports- despite assurances the virus is not spread by eating infected pig meat. ...
Tue 28th April 2009 - 08:49pm
Fortescue knew deal was off- witness
Fortescue Metals Group Ltd knew a deal with a Chinese company had collapsed a month before a news report forced the miner's admission- court documents show. ...
Tue 28th April 2009 - 08:47pm
Fortescue Metals Group Ltd knew a deal with a Chinese company had collapsed a month before a news report forced the miner's admission- court documents show. ...
Tue 28th April 2009 - 08:47pm
Richard Pratt- From refugee to royalty
Prominent Melbourne businessman and Australian football identity Richard Pratt has died at the age of 74- after being diagnosed with prostate cancer in 2005. ...
Tue 28th April 2009 - 08:40pm
Prominent Melbourne businessman and Australian football identity Richard Pratt has died at the age of 74- after being diagnosed with prostate cancer in 2005. ...
Tue 28th April 2009 - 08:40pm
ACCC blocks Telstras copper network charge
The Australian Competition and Consumer Commission ACCC has rejected Telstras push to charge its competitors $30 a month to use its copper wires. ...
Tue 28th April 2009 - 08:39pm
The Australian Competition and Consumer Commission ACCC has rejected Telstras push to charge its competitors $30 a month to use its copper wires. ...
Tue 28th April 2009 - 08:39pm
Businessman Pratt dies aged 74
Billionaire businessman- Richard Pratt- has died at his Melbourne home. ...
Tue 28th April 2009 - 08:37pm
Billionaire businessman- Richard Pratt- has died at his Melbourne home. ...
Tue 28th April 2009 - 08:37pm
Yen gains on swine flu fears
LONDON AFP - The yen rose Tuesday against the dollar and euro as fears of a swine flu pandemic spurred demand for safe-haven currencies- dealers said. ...
Tue 28th April 2009 - 08:36pm
LONDON AFP - The yen rose Tuesday against the dollar and euro as fears of a swine flu pandemic spurred demand for safe-haven currencies- dealers said. ...
Tue 28th April 2009 - 08:36pm
Businessman Pratt dies aged 74
Billionaire businessman- Richard Pratt- has died at his Melbourne home. ...
Tue 28th April 2009 - 08:32pm
Billionaire businessman- Richard Pratt- has died at his Melbourne home. ...
Tue 28th April 2009 - 08:32pm
Pork trade bans not based on science
Panic about the spread of swine flu has prompted several countries to ban pork imports- despite assurances the virus is not spread by eating infected pig meat. ...
Tue 28th April 2009 - 08:24pm
Panic about the spread of swine flu has prompted several countries to ban pork imports- despite assurances the virus is not spread by eating infected pig meat. ...
Tue 28th April 2009 - 08:24pm
Richard Pratt- From refugee to royalty
Prominent Melbourne businessman and Australian football identity Richard Pratt has died at the age of 74- after being diagnosed with prostate cancer in 2005. ...
Tue 28th April 2009 - 08:13pm
Prominent Melbourne businessman and Australian football identity Richard Pratt has died at the age of 74- after being diagnosed with prostate cancer in 2005. ...
Tue 28th April 2009 - 08:13pm
Richard Pratt- From refugee to royalty
Prominent Melbourne businessman and Australian football identity Richard Pratt has died at the age of 74- after being diagnosed with prostate cancer in 2005. ...
Tue 28th April 2009 - 08:12pm
Prominent Melbourne businessman and Australian football identity Richard Pratt has died at the age of 74- after being diagnosed with prostate cancer in 2005. ...
Tue 28th April 2009 - 08:12pm
Fortescue knew deal was off- witness
Fortescue Metals Group Ltd knew a deal with a Chinese company had collapsed a month before a news report forced the miner's admission- court documents show. ...
Tue 28th April 2009 - 07:49pm
Fortescue Metals Group Ltd knew a deal with a Chinese company had collapsed a month before a news report forced the miner's admission- court documents show. ...
Tue 28th April 2009 - 07:49pm
Richard Pratt- From refugee to royalty
Prominent Melbourne businessman and Australian football identity Richard Pratt has died at the age of 74- after being diagnosed with prostate cancer in 2005. ...
Tue 28th April 2009 - 07:48pm
Prominent Melbourne businessman and Australian football identity Richard Pratt has died at the age of 74- after being diagnosed with prostate cancer in 2005. ...
Tue 28th April 2009 - 07:48pm
Honda Motor posts Q4 loss on weak sales
TOKYO AFP - Honda Motor Co. said Tuesday it lost 1. ...
Tue 28th April 2009 - 07:47pm
TOKYO AFP - Honda Motor Co. said Tuesday it lost 1. ...
Tue 28th April 2009 - 07:47pm
Businessman Pratt dies aged 74
Prominent Australia businessman Richard Pratt has died of prostate cancer. ...
Tue 28th April 2009 - 07:46pm
Prominent Australia businessman Richard Pratt has died of prostate cancer. ...
Tue 28th April 2009 - 07:46pm
Taxpayers likely to save Holden jobs
The decision to pump billions into the car industry will likely help Holden workers keep their jobs following the loss of a major US export deal. ...
Tue 28th April 2009 - 07:41pm
The decision to pump billions into the car industry will likely help Holden workers keep their jobs following the loss of a major US export deal. ...
Tue 28th April 2009 - 07:41pm
Oil prices slide under $50
LONDON AFP - Crude prices retreated below 50 dollars a barrel on Tuesday- hit by worries that the swine flu outbreak could dent demand for airline travel- analysts said. ...
Tue 28th April 2009 - 07:33pm
LONDON AFP - Crude prices retreated below 50 dollars a barrel on Tuesday- hit by worries that the swine flu outbreak could dent demand for airline travel- analysts said. ...
Tue 28th April 2009 - 07:33pm
Allianz- AmEx sell half of stakes in Chinas ICBC
SHANGHAI AFP - American Express Co. and German insurer Allianz said Tuesday they had offloaded half of their stakes in Industrial and Commercial Bank of China ICBC as soon as a lock-up period expired. ...
Tue 28th April 2009 - 07:27pm
SHANGHAI AFP - American Express Co. and German insurer Allianz said Tuesday they had offloaded half of their stakes in Industrial and Commercial Bank of China ICBC as soon as a lock-up period expired. ...
Tue 28th April 2009 - 07:27pm
Superannuation system to be reviewed
The federal government and top superannuation industry bodies have agreed to review the operations of the nation's $1.1 trillion super system. ...
Tue 28th April 2009 - 07:20pm
The federal government and top superannuation industry bodies have agreed to review the operations of the nation's $1.1 trillion super system. ...
Tue 28th April 2009 - 07:20pm
Taxpayers likely to save Holden jobs
The decision to pump billions into the car industry will likely help Holden workers keep their jobs following the loss of a major US export deal. ...
Tue 28th April 2009 - 07:13pm
The decision to pump billions into the car industry will likely help Holden workers keep their jobs following the loss of a major US export deal. ...
Tue 28th April 2009 - 07:13pm
Italys manufacturing confidence recovers- survey
MILAN AFP - Confidence among manufacturers in recession-hit Italy rebounded strongly in April from a record low- fresh data showed on Tuesday- offering hope for its largely industry-driven economy. ...
Tue 28th April 2009 - 07:13pm
MILAN AFP - Confidence among manufacturers in recession-hit Italy rebounded strongly in April from a record low- fresh data showed on Tuesday- offering hope for its largely industry-driven economy. ...
Tue 28th April 2009 - 07:13pm
Superannuation system to be reviewed
The federal government and top superannuation industry bodies have agreed to review the operations of the nation's $1.1 trillion super system. ...
Tue 28th April 2009 - 06:58pm
The federal government and top superannuation industry bodies have agreed to review the operations of the nation's $1.1 trillion super system. ...
Tue 28th April 2009 - 06:58pm
Approvals for WA iron ore projects
The WA Premier Colin Barnett has welcomed the Environmental Protection Authoritys conditional approval of a billion dollar iron ore project in the States Mid West. ...
Tue 28th April 2009 - 06:51pm
The WA Premier Colin Barnett has welcomed the Environmental Protection Authoritys conditional approval of a billion dollar iron ore project in the States Mid West. ...
Tue 28th April 2009 - 06:51pm
Rex cuts 24 jobs in freight restructure
Airline Regional Express Holdings Ltd Rex will cull 24 pilots and ground staff after a restructure of its freight business due to a fall in freight volumes. ...
Tue 28th April 2009 - 06:47pm
Airline Regional Express Holdings Ltd Rex will cull 24 pilots and ground staff after a restructure of its freight business due to a fall in freight volumes. ...
Tue 28th April 2009 - 06:47pm
Victoria almost certainly in a recession
Consultancy firm Access Economics says Victoria is almost certainly in recession. ...
Tue 28th April 2009 - 06:47pm
Consultancy firm Access Economics says Victoria is almost certainly in recession. ...
Tue 28th April 2009 - 06:47pm
Holden will bounce back- Carr
The Federal Government says Holdens operations in Adelaide will recover once production of a new four-cyclinder car begins. ...
Tue 28th April 2009 - 06:46pm
The Federal Government says Holdens operations in Adelaide will recover once production of a new four-cyclinder car begins. ...
Tue 28th April 2009 - 06:46pm
Crisis puts squeeze on major projects
The financial crisis has taken the gloss off the PM's Building Australia Fund- with an injection of state and private money now needed- a forum has heard. ...
Tue 28th April 2009 - 06:43pm
The financial crisis has taken the gloss off the PM's Building Australia Fund- with an injection of state and private money now needed- a forum has heard. ...
Tue 28th April 2009 - 06:43pm
Daimler posts first quarter loss of 1.28 bln euros
FRANKFURT AFP - The German luxury car maker Daimler posted Tuesday a first-quarter net loss of 1. ...
Tue 28th April 2009 - 06:35pm
FRANKFURT AFP - The German luxury car maker Daimler posted Tuesday a first-quarter net loss of 1. ...
Tue 28th April 2009 - 06:35pm
Advert giant WPP sales jump nearly 36
LONDON AFP - WPP- the worlds second-biggest advertising group- said Tuesday that first-quarter sales jumped 35.9 percent to 2.117 billion pounds on its takeover of market researchers Taylor Nelson Sofres. ...
Tue 28th April 2009 - 06:27pm
LONDON AFP - WPP- the worlds second-biggest advertising group- said Tuesday that first-quarter sales jumped 35.9 percent to 2.117 billion pounds on its takeover of market researchers Taylor Nelson Sofres. ...
Tue 28th April 2009 - 06:27pm
Rex cuts 24 jobs in freight restructure
Airline Regional Express Holdings Ltd Rex will cull 24 pilots and ground staff after a restructure of its freight business due to a fall in freight volumes. ...
Tue 28th April 2009 - 06:27pm
Airline Regional Express Holdings Ltd Rex will cull 24 pilots and ground staff after a restructure of its freight business due to a fall in freight volumes. ...
Tue 28th April 2009 - 06:27pm
NAB chief calls for interest rate debate
NAB has called for a debate on interest rates after spiralling funding costs and bad debts driven by the economic crisis dragged down its first half earnings. ...
Tue 28th April 2009 - 06:27pm
NAB has called for a debate on interest rates after spiralling funding costs and bad debts driven by the economic crisis dragged down its first half earnings. ...
Tue 28th April 2009 - 06:27pm
Approvals for WA iron ore projects
The WA Premier Colin Barnett has welcomed the Environmental Protection Authoritys conditional approval of a billion dollar iron ore project in the States Mid West.Gindalbies Karara project is in th ...
Tue 28th April 2009 - 06:26pm
The WA Premier Colin Barnett has welcomed the Environmental Protection Authoritys conditional approval of a billion dollar iron ore project in the States Mid West.Gindalbies Karara project is in th ...
Tue 28th April 2009 - 06:26pm
Spains BBVA bank profits slump
MADRID AFP - Spains second largest bank BBVA said Tuesday its first-quarter net profit plunged 36. ...
Tue 28th April 2009 - 06:25pm
MADRID AFP - Spains second largest bank BBVA said Tuesday its first-quarter net profit plunged 36. ...
Tue 28th April 2009 - 06:25pm
Danish wind firm Vestas cuts 1-900 jobs
COPENHAGEN AFP - The worlds biggest wind energy group- Vestas of Denmark- said Tuesday it would cut 1-900 jobs in northern Europe due to slumping demand- and posted a 70 percent rise in first-quarter net profits. ...
Tue 28th April 2009 - 06:16pm
COPENHAGEN AFP - The worlds biggest wind energy group- Vestas of Denmark- said Tuesday it would cut 1-900 jobs in northern Europe due to slumping demand- and posted a 70 percent rise in first-quarter net profits. ...
Tue 28th April 2009 - 06:16pm
Holden workers expect more down time
Holden workers are expecting prolonged down time as production of one of the companys key export models in Adelaide is phased out. ...
Tue 28th April 2009 - 06:11pm
Holden workers are expecting prolonged down time as production of one of the companys key export models in Adelaide is phased out. ...
Tue 28th April 2009 - 06:11pm
Lion Nathan bid 'has fizz' for analysts
Analysts say Japanese beer-maker Kirin Holdings has made a good offer to secure full ownership of trans-Tasman brewer Lion Nathan. ...
Tue 28th April 2009 - 05:51pm
Analysts say Japanese beer-maker Kirin Holdings has made a good offer to secure full ownership of trans-Tasman brewer Lion Nathan. ...
Tue 28th April 2009 - 05:51pm
Budget may affect healthcare stock
The future earnings of healthcare stocks could come under pressure should the federal government cut healthcare spending in the May budget- analysts say. ...
Tue 28th April 2009 - 05:37pm
The future earnings of healthcare stocks could come under pressure should the federal government cut healthcare spending in the May budget- analysts say. ...
Tue 28th April 2009 - 05:37pm
Finnish unemployment rate rises to 8.3 pct
HELSINKI AFP - Finlands unemployment rate rose to 8.3 percent of the labour force in March from 7. ...
Tue 28th April 2009 - 05:37pm
HELSINKI AFP - Finlands unemployment rate rose to 8.3 percent of the labour force in March from 7. ...
Tue 28th April 2009 - 05:37pm
Financial sector leads market down
Uncertainty has plagued the Australian share market again today- with continuing concern about the impact of the swine flu outbreak and the health of the financial sector. ...
Tue 28th April 2009 - 05:33pm
Uncertainty has plagued the Australian share market again today- with continuing concern about the impact of the swine flu outbreak and the health of the financial sector. ...
Tue 28th April 2009 - 05:33pm
Allianz- AmEx sell half of stakes in Chinas ICBC
SHANGHAI AFP - American Express Co and German insurer Allianz said Tuesday they had offloaded half of their stakes in Industrial and Commercial Bank of China ICBC as soon as a lockup period expired. ...
Tue 28th April 2009 - 05:30pm
SHANGHAI AFP - American Express Co and German insurer Allianz said Tuesday they had offloaded half of their stakes in Industrial and Commercial Bank of China ICBC as soon as a lockup period expired. ...
Tue 28th April 2009 - 05:30pm
Crisis puts squeeze on major projects
The financial crisis has taken the gloss off the PM's Building Australia Fund- with an injection of state and private money now needed- a forum has heard. ...
Tue 28th April 2009 - 05:28pm
The financial crisis has taken the gloss off the PM's Building Australia Fund- with an injection of state and private money now needed- a forum has heard. ...
Tue 28th April 2009 - 05:28pm
Gindalbie- Aurox shares enjoy boost
Shares in Gindalbie Metals Ltd and Aurox Resources Ltd rose after the iron ore explorers received environmental approvals for their respective projects in WA. ...
Tue 28th April 2009 - 05:23pm
Shares in Gindalbie Metals Ltd and Aurox Resources Ltd rose after the iron ore explorers received environmental approvals for their respective projects in WA. ...
Tue 28th April 2009 - 05:23pm
Maxitrans net profit to fall by 75
Trailer supplier Maxitrans Industries has hit a profit pothole- saying full year earnings will fall by three-quarters because of the economic slowdown. ...
Tue 28th April 2009 - 05:21pm
Trailer supplier Maxitrans Industries has hit a profit pothole- saying full year earnings will fall by three-quarters because of the economic slowdown. ...
Tue 28th April 2009 - 05:21pm
Select Harvests eyes almond assets
Select Harvests Ltd could have greater control over its business operations if it bought the almond assets of troubled Timbercorp- analysts say. ...
Tue 28th April 2009 - 05:20pm
Select Harvests Ltd could have greater control over its business operations if it bought the almond assets of troubled Timbercorp- analysts say. ...
Tue 28th April 2009 - 05:20pm
Ausenco looks to green energy for growth
Engineering services group Ausenco Ltd is looking to grow in 2009 by taking advantage of green energy and building investments- despite challenging conditions. ...
Tue 28th April 2009 - 05:18pm
Engineering services group Ausenco Ltd is looking to grow in 2009 by taking advantage of green energy and building investments- despite challenging conditions. ...
Tue 28th April 2009 - 05:18pm
Honda Motor reports 1.9 bln dlr loss for Q4
TOKYO AFP - Honda Motor Co.- Japans second-largest automaker- said Tuesday that it had sunk into loss in the fiscal fourth quarter due to weak sales and a stronger yen. ...
Tue 28th April 2009 - 05:11pm
TOKYO AFP - Honda Motor Co.- Japans second-largest automaker- said Tuesday that it had sunk into loss in the fiscal fourth quarter due to weak sales and a stronger yen. ...
Tue 28th April 2009 - 05:11pm
Australia shares fall as bank debt woes weigh
MELBOURNE- April 28 - Australian shares fell 0.6 percent on Tuesday- dragged down in choppy trade by a slide in the banks after top lender National Australia Bank NAB reported a blow-out in bad debts. ...
Tue 28th April 2009 - 04:59pm
MELBOURNE- April 28 - Australian shares fell 0.6 percent on Tuesday- dragged down in choppy trade by a slide in the banks after top lender National Australia Bank NAB reported a blow-out in bad debts. ...
Tue 28th April 2009 - 04:59pm
Private sector 'key to housing delivery'
Private sector involvement is critical to quickly delivering new housing and commercial developments in NSW- Planning Minister Kristina Keneally says. ...
Tue 28th April 2009 - 04:51pm
Private sector involvement is critical to quickly delivering new housing and commercial developments in NSW- Planning Minister Kristina Keneally says. ...
Tue 28th April 2009 - 04:51pm
Honda Motor reports 1.9 bln dlr loss for Q4
TOKYO AFP - Honda Motor Co.- Japans second-largest automaker- announced Tuesday a net loss of 186. ...
Tue 28th April 2009 - 04:51pm
TOKYO AFP - Honda Motor Co.- Japans second-largest automaker- announced Tuesday a net loss of 186. ...
Tue 28th April 2009 - 04:51pm
Aussie dlr off on U.S. bank fears 1-mth low vs yen
Hit by report Citi- BoA may need to raise more capital ...
Tue 28th April 2009 - 04:48pm
Hit by report Citi- BoA may need to raise more capital ...
Tue 28th April 2009 - 04:48pm
Holden to seek new market for Pontiac G8
Carmaker Holden will look for new international opportunities for its Pontiac G8 sedan after a decision by US parent company GM to dump the brand. ...
Tue 28th April 2009 - 04:45pm
Carmaker Holden will look for new international opportunities for its Pontiac G8 sedan after a decision by US parent company GM to dump the brand. ...
Tue 28th April 2009 - 04:45pm
Qantas' weak share a good buy- analysts
A fall in Qantas Airways Ltd's share price as a result of the swine flu outbreak presents a buying opportunity- Merrill Lynch analysts say. ...
Tue 28th April 2009 - 04:42pm
A fall in Qantas Airways Ltd's share price as a result of the swine flu outbreak presents a buying opportunity- Merrill Lynch analysts say. ...
Tue 28th April 2009 - 04:42pm
Japan Airlines sees 656 mln dollar annual loss
TOKYO AFP - Japan Airlines- Asias largest carrier- said Tuesday it would post a net loss of about 63 billion yen 656 million dollars for the past year to March- almost twice as much as expected. ...
Tue 28th April 2009 - 04:37pm
TOKYO AFP - Japan Airlines- Asias largest carrier- said Tuesday it would post a net loss of about 63 billion yen 656 million dollars for the past year to March- almost twice as much as expected. ...
Tue 28th April 2009 - 04:37pm
Citigroup to sell Japan assets to SMFG- report
TOKYO AFP - Citigroup has agreed to sell some Japanese assets including Nikko Cordial Securities to Sumitomo Mitsui Financial Group for about 500 billion yen 5.2 billion dollars a report said Tuesday. ...
Tue 28th April 2009 - 04:31pm
TOKYO AFP - Citigroup has agreed to sell some Japanese assets including Nikko Cordial Securities to Sumitomo Mitsui Financial Group for about 500 billion yen 5.2 billion dollars a report said Tuesday. ...
Tue 28th April 2009 - 04:31pm
Kasbah Resources Limited ASX-KAS Announce Its Quarterly Activites Report Ending 31 March 2009
Perth- Australia- Apr 28- 2009 - ABN Newswire - Kasbah Resources Limited ASX-KAS is pleased to provide this update as to the companys progress in Morocco. The companys prime exploration focus during the quarter has been its Achmmach Tin Project. ...
Tue 28th April 2009 - 04:27pm
Perth- Australia- Apr 28- 2009 - ABN Newswire - Kasbah Resources Limited ASX-KAS is pleased to provide this update as to the companys progress in Morocco. The companys prime exploration focus during the quarter has been its Achmmach Tin Project. ...
Tue 28th April 2009 - 04:27pm
ABB Grain shares surge on takeover bid
Shares in agribusiness ABB Grain Ltd surged after it said it has received a conditional- non-binding takeover approach from Canada's Viterra Inc. ...
Tue 28th April 2009 - 04:25pm
Shares in agribusiness ABB Grain Ltd surged after it said it has received a conditional- non-binding takeover approach from Canada's Viterra Inc. ...
Tue 28th April 2009 - 04:25pm
Australia shares end lower on banks in choppy trade
MELBOURNE- April 28 - Australian shares fell 0.6 percent on Tuesday- dragged down in choppy trading by a slide in banks after top lender National Australia Bank NAB reported a blow-out in bad debts. ...
Tue 28th April 2009 - 04:24pm
MELBOURNE- April 28 - Australian shares fell 0.6 percent on Tuesday- dragged down in choppy trading by a slide in banks after top lender National Australia Bank NAB reported a blow-out in bad debts. ...
Tue 28th April 2009 - 04:24pm
Eddington silent on his ANZ future
Infrastructure Australia chair Sir Rod Eddington has refused to answer questions about his future on the board of ANZ Banking Group Ltd. ...
Tue 28th April 2009 - 04:23pm
Infrastructure Australia chair Sir Rod Eddington has refused to answer questions about his future on the board of ANZ Banking Group Ltd. ...
Tue 28th April 2009 - 04:23pm
ABM Resources NL ASX-ABU Announce Its Quarterly Report Ending 31 March 2009
Perth- Australia- Apr 28- 2009 - ABN Newswire - ABM Resources NL ASX-ABU Announces Exploration - Gold Data compilation and field review has defined 3 priority gold targets for drill testing during 2009 at Broads Dam JV- Western Australia. An option granted to a third party company to explore- develop and purchase part of ABMs interest in the gold project. ...
Tue 28th April 2009 - 04:23pm
Perth- Australia- Apr 28- 2009 - ABN Newswire - ABM Resources NL ASX-ABU Announces Exploration - Gold Data compilation and field review has defined 3 priority gold targets for drill testing during 2009 at Broads Dam JV- Western Australia. An option granted to a third party company to explore- develop and purchase part of ABMs interest in the gold project. ...
Tue 28th April 2009 - 04:23pm
Flu fears may drive petrol prices lower
Motorists could see a five cent drop in petrol prices during the next fortnight as the global oil price falls on fears of a swine flu pandemic. ...
Tue 28th April 2009 - 04:19pm
Motorists could see a five cent drop in petrol prices during the next fortnight as the global oil price falls on fears of a swine flu pandemic. ...
Tue 28th April 2009 - 04:19pm
Oil falls 2 pct towards $49 on flu- bank jitters
PERTH- April 28 - Oil prices extended losses on Tuesday- falling about 2 percent towards $49 a barrel after a report that Citigroup and Bank of America may need to raise more capital- renewing worries about the financial sector. ...
Tue 28th April 2009 - 03:59pm
PERTH- April 28 - Oil prices extended losses on Tuesday- falling about 2 percent towards $49 a barrel after a report that Citigroup and Bank of America may need to raise more capital- renewing worries about the financial sector. ...
Tue 28th April 2009 - 03:59pm
US protectionism growing- says China trade chief
BEIJING AFP - US trade protectionism against China is growing- putting bilateral economic ties to the test- Chinese Commerce Minister Chen Deming said in Tuesdays Asian Wall Street Journal. ...
Tue 28th April 2009 - 03:55pm
BEIJING AFP - US trade protectionism against China is growing- putting bilateral economic ties to the test- Chinese Commerce Minister Chen Deming said in Tuesdays Asian Wall Street Journal. ...
Tue 28th April 2009 - 03:55pm
Sundance Energy shares soar after report
Shares in Sundance Energy Australia Ltd soared after an independent petroleum reserve certifier quantified the junior oil and gas explorer's assets in the US. ...
Tue 28th April 2009 - 03:49pm
Shares in Sundance Energy Australia Ltd soared after an independent petroleum reserve certifier quantified the junior oil and gas explorer's assets in the US. ...
Tue 28th April 2009 - 03:49pm
Select Harvests eyes almond assets
Select Harvests Ltd could have greater control over its business operations if it bought the almond assets of troubled Timbercorp- analysts say. ...
Tue 28th April 2009 - 03:48pm
Select Harvests Ltd could have greater control over its business operations if it bought the almond assets of troubled Timbercorp- analysts say. ...
Tue 28th April 2009 - 03:48pm
Tourists seek assurance for swine flu fears
As fears over swine flu spread- tour operators in Australia say they are preparing for more calls from worried travellers. ...
Tue 28th April 2009 - 03:46pm
As fears over swine flu spread- tour operators in Australia say they are preparing for more calls from worried travellers. ...
Tue 28th April 2009 - 03:46pm
Eddington silent on his ANZ future
Infrastructure Australia chair Sir Rod Eddington has refused to answer questions about his future on the board of ANZ Banking Group Ltd. ...
Tue 28th April 2009 - 03:36pm
Infrastructure Australia chair Sir Rod Eddington has refused to answer questions about his future on the board of ANZ Banking Group Ltd. ...
Tue 28th April 2009 - 03:36pm
US-China trade relations 'put to test'
US trade protectionism against China is growing- putting bilateral economic ties to the test- according to Chinese Commerce Minister Chen Deming. ...
Tue 28th April 2009 - 03:34pm
US trade protectionism against China is growing- putting bilateral economic ties to the test- according to Chinese Commerce Minister Chen Deming. ...
Tue 28th April 2009 - 03:34pm
Private sector 'key to housing delivery'
Private sector involvement is critical to quickly delivering new housing and commercial developments in NSW- Planning Minister Kristina Keneally says. ...
Tue 28th April 2009 - 03:33pm
Private sector involvement is critical to quickly delivering new housing and commercial developments in NSW- Planning Minister Kristina Keneally says. ...
Tue 28th April 2009 - 03:33pm
Qantas share fall a 'buy opportunity'
The fall in Qantas Airways Ltd's share price as a result of the swine flu outbreak presents a buying opportunity- Merrill Lynch analysts say. ...
Tue 28th April 2009 - 03:18pm
The fall in Qantas Airways Ltd's share price as a result of the swine flu outbreak presents a buying opportunity- Merrill Lynch analysts say. ...
Tue 28th April 2009 - 03:18pm
Analysts toast Kirin's Lion Nathan bid
Analysts say Japanese beer-maker Kirin Holdings has made a good offer to secure full ownership of trans-Tasman brewer Lion Nathan. ...
Tue 28th April 2009 - 03:15pm
Analysts say Japanese beer-maker Kirin Holdings has made a good offer to secure full ownership of trans-Tasman brewer Lion Nathan. ...
Tue 28th April 2009 - 03:15pm
ETS scheme threat to LNG jobs- Woodside
The federal government's proposed ETS will threaten the creation of thousands of jobs in the liquefied natural gas sector- a major gas company says. ...
Tue 28th April 2009 - 03:13pm
The federal government's proposed ETS will threaten the creation of thousands of jobs in the liquefied natural gas sector- a major gas company says. ...
Tue 28th April 2009 - 03:13pm
Flu fears may drive petrol prices lower
Motorists could see a five cent drop in petrol prices during the next fortnight as the global oil price falls on fears of a swine flu pandemic. ...
Tue 28th April 2009 - 03:10pm
Motorists could see a five cent drop in petrol prices during the next fortnight as the global oil price falls on fears of a swine flu pandemic. ...
Tue 28th April 2009 - 03:10pm
US-China trade relations 'put to test'
US trade protectionism against China is growing- putting bilateral economic ties to the test- according to Chinese Commerce Minister Chen Deming. ...
Tue 28th April 2009 - 02:58pm
US trade protectionism against China is growing- putting bilateral economic ties to the test- according to Chinese Commerce Minister Chen Deming. ...
Tue 28th April 2009 - 02:58pm
Australia shares inch up with miners ABB soars
MELBOURNE- April 28 - Australian shares rose 0.1 percent on Tuesday- with gains in the top miners offsetting losses in the banks after National Australia Bank NAB reported a blow-out in bad debts. ...
Tue 28th April 2009 - 02:51pm
MELBOURNE- April 28 - Australian shares rose 0.1 percent on Tuesday- with gains in the top miners offsetting losses in the banks after National Australia Bank NAB reported a blow-out in bad debts. ...
Tue 28th April 2009 - 02:51pm
Japan says economy will shrink 3.3
The Japanese government says the economy is likely to shrink 3.3 per cent this fiscal year. ...
Tue 28th April 2009 - 02:48pm
The Japanese government says the economy is likely to shrink 3.3 per cent this fiscal year. ...
Tue 28th April 2009 - 02:48pm
Holden says jobs safe- despite export blow
Holden has assured its workers that jobs at the car makers Adelaide plant are secure despite General Motors in the US axing the Pontiac- which is exported from South Australia. ...
Tue 28th April 2009 - 02:47pm
Holden has assured its workers that jobs at the car makers Adelaide plant are secure despite General Motors in the US axing the Pontiac- which is exported from South Australia. ...
Tue 28th April 2009 - 02:47pm
NAB earnings and dividends fall- economy to worsen
The National Australia Bank says tough market conditions have dragged its March half-year earnings more than 9 per cent lower than the same period last year. ...
Tue 28th April 2009 - 02:42pm
The National Australia Bank says tough market conditions have dragged its March half-year earnings more than 9 per cent lower than the same period last year. ...
Tue 28th April 2009 - 02:42pm
Territory tourism to be hit hard
The Northern Territorys tourism sector will be hit particularly hard by the predicted slump in international visitors- a tourism lobby group says. ...
Tue 28th April 2009 - 02:33pm
The Northern Territorys tourism sector will be hit particularly hard by the predicted slump in international visitors- a tourism lobby group says. ...
Tue 28th April 2009 - 02:33pm
Xtep International HKG-1368 Well Established Brand Name With Young Attitude
Hong Kong- China- Apr 28- 2009 - ABN Newswire - Xtep International HKG-1368PINK-XTEPY is one of the fastest growing sport brands in China. With over 5500 retailers sprawl across China- Xtep is a true market leader in shaping the sportswear and youth fashion landscape. They were just listed in the HK Stock Exchange in June 2008- their first annual report after listing gives a strong assurance to the shareholders of its growth potential. ...
Tue 28th April 2009 - 02:30pm
Hong Kong- China- Apr 28- 2009 - ABN Newswire - Xtep International HKG-1368PINK-XTEPY is one of the fastest growing sport brands in China. With over 5500 retailers sprawl across China- Xtep is a true market leader in shaping the sportswear and youth fashion landscape. They were just listed in the HK Stock Exchange in June 2008- their first annual report after listing gives a strong assurance to the shareholders of its growth potential. ...
Tue 28th April 2009 - 02:30pm
Holden says jobs safe- despite export blow
Holden has assured its workers that jobs at the car makers Adelaide plant are secure despite General Motors in the US axing the Pontiac- which is exported from South Australia. ...
Tue 28th April 2009 - 02:29pm
Holden has assured its workers that jobs at the car makers Adelaide plant are secure despite General Motors in the US axing the Pontiac- which is exported from South Australia. ...
Tue 28th April 2009 - 02:29pm
Territory tourism to be hit hard
The Northern Territorys tourism sector will be hit particularly hard by the predicted slump in international visitors- a tourism lobby group says. ...
Tue 28th April 2009 - 02:24pm
The Northern Territorys tourism sector will be hit particularly hard by the predicted slump in international visitors- a tourism lobby group says. ...
Tue 28th April 2009 - 02:24pm
All bosses are bastards- union
Thousands of people have marched up St Georges Terrace in Perth protesting against workers killed or injured on worksites. ...
Tue 28th April 2009 - 02:22pm
Thousands of people have marched up St Georges Terrace in Perth protesting against workers killed or injured on worksites. ...
Tue 28th April 2009 - 02:22pm
All bosses are bastards- union
Thousands of people have marched up St Georges Terrace in Perth protesting against workers killed or injured on worksites.Construction sites in Perth were brought to a standstill with nearly 2- 000 u ...
Tue 28th April 2009 - 02:20pm
Thousands of people have marched up St Georges Terrace in Perth protesting against workers killed or injured on worksites.Construction sites in Perth were brought to a standstill with nearly 2- 000 u ...
Tue 28th April 2009 - 02:20pm
NSW economy coming last- could bounce back first
Access Economics latest business outlook has identified New South Wales as the state with the worst economy in the country. ...
Tue 28th April 2009 - 02:19pm
Access Economics latest business outlook has identified New South Wales as the state with the worst economy in the country. ...
Tue 28th April 2009 - 02:19pm
All bosses are bastards- union
Thousands of people have marched up St Georges Terrace in Perth protesting against workers killed or injured on worksites.Construction sites in Perth were brought to a standstill with nearly 2- 000 u ...
Tue 28th April 2009 - 02:18pm
Thousands of people have marched up St Georges Terrace in Perth protesting against workers killed or injured on worksites.Construction sites in Perth were brought to a standstill with nearly 2- 000 u ...
Tue 28th April 2009 - 02:18pm
Hardie faces $19m costs in Chilean trial
James Hardie suffered a second setback with a former Chilean subsidiary ordered to pay $US13.4 million $A18.9 million in damages to a competitor in Chile. ...
Tue 28th April 2009 - 02:17pm
James Hardie suffered a second setback with a former Chilean subsidiary ordered to pay $US13.4 million $A18.9 million in damages to a competitor in Chile. ...
Tue 28th April 2009 - 02:17pm
2009- a tough year for Shell in Nigeria
LAGOS AFP - 2009 is going to be a difficult year for the Anglo-Dutch firm Shell in Nigeria- where not so long ago the oil giant was pumping one million barrels per day- the groups top official has warned. ...
Tue 28th April 2009 - 01:48pm
LAGOS AFP - 2009 is going to be a difficult year for the Anglo-Dutch firm Shell in Nigeria- where not so long ago the oil giant was pumping one million barrels per day- the groups top official has warned. ...
Tue 28th April 2009 - 01:48pm
Brisbane rally demands industrial laws review
More than 2-000 people rallied in Brisbane to call for an end to industrial laws that they say are killing workers. ...
Tue 28th April 2009 - 01:47pm
More than 2-000 people rallied in Brisbane to call for an end to industrial laws that they say are killing workers. ...
Tue 28th April 2009 - 01:47pm
Holden says jobs safe- despite export blow
Holden has assured its workers that jobs at the car makers Adelaide plant are secure despite General Motors in the US axing the Pontiac- which is exported from South Australia. ...
Tue 28th April 2009 - 01:45pm
Holden has assured its workers that jobs at the car makers Adelaide plant are secure despite General Motors in the US axing the Pontiac- which is exported from South Australia. ...
Tue 28th April 2009 - 01:45pm
Threat of deep depression over- says AMP
The threat of a deep depression in the global economy appears to have lifted- but recovery is likely to be gradual and off a low base- AMP says. ...
Tue 28th April 2009 - 01:40pm
The threat of a deep depression in the global economy appears to have lifted- but recovery is likely to be gradual and off a low base- AMP says. ...
Tue 28th April 2009 - 01:40pm
Brisbane rally demands industrial laws review
More than 2-000 people rallied in Brisbane to call for an end to industrial laws that they say are killing workers. ...
Tue 28th April 2009 - 01:35pm
More than 2-000 people rallied in Brisbane to call for an end to industrial laws that they say are killing workers. ...
Tue 28th April 2009 - 01:35pm
Holden says jobs safe- despite export blow
Holden has assured its workers that jobs at the car makers Adelaide plant are secure despite General Motors in the US axing the Pontiac- which is exported from South Australia. ...
Tue 28th April 2009 - 01:27pm
Holden has assured its workers that jobs at the car makers Adelaide plant are secure despite General Motors in the US axing the Pontiac- which is exported from South Australia. ...
Tue 28th April 2009 - 01:27pm
Not again- Another blackout hits Sydneys CBD
Power has now been restored after another blackout hit northern parts of Sydneys central business district this morning. ...
Tue 28th April 2009 - 01:25pm
Power has now been restored after another blackout hit northern parts of Sydneys central business district this morning. ...
Tue 28th April 2009 - 01:25pm
Holden says jobs safe- despite export blow
Holden has assured its workers that jobs at the car makers Adelaide plant are secure despite General Motors in the US axing the Pontiac- which is exported from South Australia. ...
Tue 28th April 2009 - 01:20pm
Holden has assured its workers that jobs at the car makers Adelaide plant are secure despite General Motors in the US axing the Pontiac- which is exported from South Australia. ...
Tue 28th April 2009 - 01:20pm
House prices fall in inner-city
The Northern Territory Real Estate Institute says the cost of a house in Darwins inner-city suburbs fell by almost 10 percent in the last quarter. ...
Tue 28th April 2009 - 12:52pm
The Northern Territory Real Estate Institute says the cost of a house in Darwins inner-city suburbs fell by almost 10 percent in the last quarter. ...
Tue 28th April 2009 - 12:52pm
Aussie dollar weakens as flu anxiety hits bonds firm
AUSTRALIAN CREDIT-FOREXSNAPSHOT FOREIGN EXCHANGE AT 0000 GMTagainst previous Sydney close AUD 0.7047-500.7129-32 AUDNZDR1.2633-481.2629-41 AUDJPYR 67.92-18 68 ...
Tue 28th April 2009 - 12:45pm
AUSTRALIAN CREDIT-FOREXSNAPSHOT FOREIGN EXCHANGE AT 0000 GMTagainst previous Sydney close AUD 0.7047-500.7129-32 AUDNZDR1.2633-481.2629-41 AUDJPYR 67.92-18 68 ...
Tue 28th April 2009 - 12:45pm
Viterra in takeover bid for ABB Grain
Agribusiness ABB Grain Ltd shares surged after it said it has received a conditional- non-binding takeover approach from Canada's Viterra Inc. ...
Tue 28th April 2009 - 12:41pm
Agribusiness ABB Grain Ltd shares surged after it said it has received a conditional- non-binding takeover approach from Canada's Viterra Inc. ...
Tue 28th April 2009 - 12:41pm
House prices fall in inner-city
The Northern Territory Real Estate Institute says the cost of a house in Darwins inner-city suburbs fell by almost 10 percent in the last quarter. ...
Tue 28th April 2009 - 12:37pm
The Northern Territory Real Estate Institute says the cost of a house in Darwins inner-city suburbs fell by almost 10 percent in the last quarter. ...
Tue 28th April 2009 - 12:37pm
House prices fall in inner-city
The Northern Territory Real Estate Institute says the cost of a house in Darwins inner-city suburbs fell by almost 10 per cent in the last quarter. ...
Tue 28th April 2009 - 12:29pm
The Northern Territory Real Estate Institute says the cost of a house in Darwins inner-city suburbs fell by almost 10 per cent in the last quarter. ...
Tue 28th April 2009 - 12:29pm
Mining job losses a tragedy- Bligh says
Queensland Premier Anna Bligh says the loss of more mining jobs is a tragedy. ...
Tue 28th April 2009 - 12:25pm
Queensland Premier Anna Bligh says the loss of more mining jobs is a tragedy. ...
Tue 28th April 2009 - 12:25pm
Encouraging signs for Qld agribusiness- report
The outlook for agribusiness in Queensland remains strong- despite the global financial downturn. ...
Tue 28th April 2009 - 12:24pm
The outlook for agribusiness in Queensland remains strong- despite the global financial downturn. ...
Tue 28th April 2009 - 12:24pm
Mining job losses a tragedy- Bligh says
Queensland Premier Anna Bligh says the loss of more mining jobs is a tragedy. ...
Tue 28th April 2009 - 12:22pm
Queensland Premier Anna Bligh says the loss of more mining jobs is a tragedy. ...
Tue 28th April 2009 - 12:22pm
Tilt train stays put while review continues
Queensland Rail QR says it is waiting for information from the industrys safety regulator before resuming the Brisbane to Cairns tilt train service. ...
Tue 28th April 2009 - 12:18pm
Queensland Rail QR says it is waiting for information from the industrys safety regulator before resuming the Brisbane to Cairns tilt train service. ...
Tue 28th April 2009 - 12:18pm
Not again- Another blackout hits Sydneys CBD
Power has now been restored after another blackout hit northern parts of Sydneys central business district. ...
Tue 28th April 2009 - 12:16pm
Power has now been restored after another blackout hit northern parts of Sydneys central business district. ...
Tue 28th April 2009 - 12:16pm
Mesoblast Limited ASX-MSB Commences Clinical Program For Fusion Of Cervical Spine
Melbourne- Australia- Apr 28- 2009 - ABN Newswire - Australian regenerative medicine company- Mesoblast Limited ASX-MSBPINK-MBLTY- today announced it has received approval at Melbournes Epworth hospital to commence a Phase 2 trial of its allogeneic- or -amp quotoff-the-shelf -amp quot- cell therapy product for fusion of the cervical spine. ...
Tue 28th April 2009 - 11:56am
Melbourne- Australia- Apr 28- 2009 - ABN Newswire - Australian regenerative medicine company- Mesoblast Limited ASX-MSBPINK-MBLTY- today announced it has received approval at Melbournes Epworth hospital to commence a Phase 2 trial of its allogeneic- or -amp quotoff-the-shelf -amp quot- cell therapy product for fusion of the cervical spine. ...
Tue 28th April 2009 - 11:56am
Not again- Another blackout hits Sydneys CBD
Power has now been restored after another blackout hit northern parts of Sydneys central business district. ...
Tue 28th April 2009 - 11:52am
Power has now been restored after another blackout hit northern parts of Sydneys central business district. ...
Tue 28th April 2009 - 11:52am
Viterra in takeover bid for ABB Grain
Agribusiness ABB Grain Ltd says it has received a conditional- non-binding takeover approach from Canada's Viterra Inc. ...
Tue 28th April 2009 - 11:48am
Agribusiness ABB Grain Ltd says it has received a conditional- non-binding takeover approach from Canada's Viterra Inc. ...
Tue 28th April 2009 - 11:48am
Holden says jobs safe- despite export blow
Holden has assured its workers that jobs at the car makers Adelaide plant are secure despite General Motors in the US axing the Pontiac- which is exported from South Australia. ...
Tue 28th April 2009 - 11:45am
Holden has assured its workers that jobs at the car makers Adelaide plant are secure despite General Motors in the US axing the Pontiac- which is exported from South Australia. ...
Tue 28th April 2009 - 11:45am
Not again- Another blackout hits Sydneys CBD
Power has now been restored to most areas- after another blackout hit northern parts of Sydneys central business district. ...
Tue 28th April 2009 - 11:43am
Power has now been restored to most areas- after another blackout hit northern parts of Sydneys central business district. ...
Tue 28th April 2009 - 11:43am
NZ spent $A1.71b on research in 2008
Research and development spending reached $NZ2.14 billion in the year to last September- up 17 per cent from the amount spent two years earlier. ...
Tue 28th April 2009 - 11:42am
Research and development spending reached $NZ2.14 billion in the year to last September- up 17 per cent from the amount spent two years earlier. ...
Tue 28th April 2009 - 11:42am
Ausenco looks to green energy for growth
Engineering services group Ausenco Ltd is looking to grow in 2009 by taking advantage of green energy and building investments- despite challenging conditions. ...
Tue 28th April 2009 - 11:37am
Engineering services group Ausenco Ltd is looking to grow in 2009 by taking advantage of green energy and building investments- despite challenging conditions. ...
Tue 28th April 2009 - 11:37am
Another 29-000 tourism jobs in jeopardy
There are fears the tourism industry could lose another 29-000 jobs if the global economic downturn continues. ...
Tue 28th April 2009 - 11:31am
There are fears the tourism industry could lose another 29-000 jobs if the global economic downturn continues. ...
Tue 28th April 2009 - 11:31am
Australia shares turn higher- miners recover
MELBOURNE- April 28 - Australian shares rose 0.8 percent on Tuesday- reversing early losses- as gains in the top miners offset a fall in the top two banks after National Australia Bank NAB reported a blow-out in bad debts. ...
Tue 28th April 2009 - 11:22am
MELBOURNE- April 28 - Australian shares rose 0.8 percent on Tuesday- reversing early losses- as gains in the top miners offset a fall in the top two banks after National Australia Bank NAB reported a blow-out in bad debts. ...
Tue 28th April 2009 - 11:22am
Not again- Another blackout hits Sydneys CBD
Power has now been restored to most areas- after another blackout hit northern parts of Sydneys central business district. ...
Tue 28th April 2009 - 11:22am
Power has now been restored to most areas- after another blackout hit northern parts of Sydneys central business district. ...
Tue 28th April 2009 - 11:22am
Holden says jobs safe- despite export blow
A Holden official says jobs at the car makers Adelaide plant are secure despite General Motors in the US axing the Pontiac- which is exported from South Australia. ...
Tue 28th April 2009 - 11:19am
A Holden official says jobs at the car makers Adelaide plant are secure despite General Motors in the US axing the Pontiac- which is exported from South Australia. ...
Tue 28th April 2009 - 11:19am
Inside Puntlands pirate heart
Over the past year the worlds most powerful nations have had their shipping industry held to ransom by a pack of pirates in the Gulf of Aden. ...
Tue 28th April 2009 - 11:15am
Over the past year the worlds most powerful nations have had their shipping industry held to ransom by a pack of pirates in the Gulf of Aden. ...
Tue 28th April 2009 - 11:15am
Inside Puntlands pirate heart
Over the past year the worlds most powerful nations have had their shipping industry held to ransom by a pack of pirates in the Gulf of Aden. ...
Tue 28th April 2009 - 11:14am
Over the past year the worlds most powerful nations have had their shipping industry held to ransom by a pack of pirates in the Gulf of Aden. ...
Tue 28th April 2009 - 11:14am
Hardie reviews cost of Chile court loss
Building products supplier James Hardie Industries is reviewing the amount it has set aside for a court action against a former subsidiary in Chile. ...
Tue 28th April 2009 - 10:52am
Building products supplier James Hardie Industries is reviewing the amount it has set aside for a court action against a former subsidiary in Chile. ...
Tue 28th April 2009 - 10:52am
Holden says jobs safe- despite export blow
A Holden official says jobs at the car makers Adelaide plant are secure despite General Motors in the US axing the Pontiac- which is exported from South Australia. ...
Tue 28th April 2009 - 10:49am
A Holden official says jobs at the car makers Adelaide plant are secure despite General Motors in the US axing the Pontiac- which is exported from South Australia. ...
Tue 28th April 2009 - 10:49am
NAB posts fall in first half profits
National Australia Bank Ltd has posted a fall in first half profit after bad and doubtful debts and funding costs continued to increase. ...
Tue 28th April 2009 - 10:42am
National Australia Bank Ltd has posted a fall in first half profit after bad and doubtful debts and funding costs continued to increase. ...
Tue 28th April 2009 - 10:42am
Aussie drops as flu fears hit risk appetite bonds up
SYDNEY- April 28 - The Australian dollar AUDD4 slid on Tuesday- with worries a fatal flu virus may spread across the world tempering any tentative optimism of an economic recovery- hitting demand for riskier currencies. ...
Tue 28th April 2009 - 10:29am
SYDNEY- April 28 - The Australian dollar AUDD4 slid on Tuesday- with worries a fatal flu virus may spread across the world tempering any tentative optimism of an economic recovery- hitting demand for riskier currencies. ...
Tue 28th April 2009 - 10:29am
Australia shares fall after NABs H1 profit
MELBOURNE- April 28 - Australian shares fell 0.8 percent in early trade on Tuesday- led down by the banks after top lender National Australia Bank NAB reported a blow-out in bad debts which drove its first-half profit down 9.4 percent. ...
Tue 28th April 2009 - 10:26am
MELBOURNE- April 28 - Australian shares fell 0.8 percent in early trade on Tuesday- led down by the banks after top lender National Australia Bank NAB reported a blow-out in bad debts which drove its first-half profit down 9.4 percent. ...
Tue 28th April 2009 - 10:26am
NT economy weak for two years
The latest business forecast from Access Economics is predicting a slow time ahead for the Northern Territory if no big projects emerge. ...
Tue 28th April 2009 - 10:24am
The latest business forecast from Access Economics is predicting a slow time ahead for the Northern Territory if no big projects emerge. ...
Tue 28th April 2009 - 10:24am
Galaxy Resources Limited ASX-GXY Announce Positive Results From Lithium Carbonate Processing Study
Perth- Australia- Apr 28- 2009 - ABN Newswire - Emerging lithium producer- Galaxy Resources Limited ASX-GXY is pleased to announce positive results from a Pre-feasibility Study PFS into downstream processing of lithium carbonate from its Mt Cattlin Lithium-Tantalum project near Ravensthorpe. ...
Tue 28th April 2009 - 10:21am
Perth- Australia- Apr 28- 2009 - ABN Newswire - Emerging lithium producer- Galaxy Resources Limited ASX-GXY is pleased to announce positive results from a Pre-feasibility Study PFS into downstream processing of lithium carbonate from its Mt Cattlin Lithium-Tantalum project near Ravensthorpe. ...
Tue 28th April 2009 - 10:21am
Credit system hurting community stores- says Govt
A federal inquiry has been told a book-up credit system is affecting viability of community-run stores in South Australias Aboriginal lands. ...
Tue 28th April 2009 - 10:11am
A federal inquiry has been told a book-up credit system is affecting viability of community-run stores in South Australias Aboriginal lands. ...
Tue 28th April 2009 - 10:11am
No impact from Pontiac's demise- Holden
Carmaker Holden will lose one of its biggest export models with a move by United States parent company General Motors to dump the Pontiac brand. ...
Tue 28th April 2009 - 10:10am
Carmaker Holden will lose one of its biggest export models with a move by United States parent company General Motors to dump the Pontiac brand. ...
Tue 28th April 2009 - 10:10am
NAB earnings and dividends fall- economy to worsen
The National Australia Bank says tough market conditions have dragged its March half-year earnings more than 9 per cent lower than the same period last year. ...
Tue 28th April 2009 - 09:47am
The National Australia Bank says tough market conditions have dragged its March half-year earnings more than 9 per cent lower than the same period last year. ...
Tue 28th April 2009 - 09:47am
Hardie reviews cost of Chile court loss
Building products supplier James Hardie Industries is reviewing the amount it has set aside for a court action against a former subsidiary in Chile. ...
Tue 28th April 2009 - 09:41am
Building products supplier James Hardie Industries is reviewing the amount it has set aside for a court action against a former subsidiary in Chile. ...
Tue 28th April 2009 - 09:41am
RAA urges 6km Adelaide road tunnel
A six-kilometre road tunnel in Adelaide is among changes the RAA is urging to the road traffic network. ...
Tue 28th April 2009 - 09:41am
A six-kilometre road tunnel in Adelaide is among changes the RAA is urging to the road traffic network. ...
Tue 28th April 2009 - 09:41am
360 coal jobs axed in central Qld
About 360 coal mine workers have been sacked from a central Queensland mine. ...
Tue 28th April 2009 - 09:40am
About 360 coal mine workers have been sacked from a central Queensland mine. ...
Tue 28th April 2009 - 09:40am
Maxitrans cuts profit guidance
Trailer supplier Maxitrans Industries has downgraded its full year profit guidance to 75 per cent lower than the previous year- due to falling order numbers. ...
Tue 28th April 2009 - 09:26am
Trailer supplier Maxitrans Industries has downgraded its full year profit guidance to 75 per cent lower than the previous year- due to falling order numbers. ...
Tue 28th April 2009 - 09:26am
Fisher -amp Paykel extends repayment date
Fisher -amp Paykel Appliances' banking syndicate has agreed to extend the date for repayment of the company's $NZ80m interim bank funding facility to May 29. ...
Tue 28th April 2009 - 09:26am
Fisher -amp Paykel Appliances' banking syndicate has agreed to extend the date for repayment of the company's $NZ80m interim bank funding facility to May 29. ...
Tue 28th April 2009 - 09:26am
Jobless total heading for 1 million- forecaster
The latest economic forecast for Australia has official interest rates dropping another 1 per cent and unemployment climbing to 8.5 per cent next year- which could mean 1 million Australians without a job as the Government is due to face an election. ...
Tue 28th April 2009 - 09:23am
The latest economic forecast for Australia has official interest rates dropping another 1 per cent and unemployment climbing to 8.5 per cent next year- which could mean 1 million Australians without a job as the Government is due to face an election. ...
Tue 28th April 2009 - 09:23am
NAB posts fall in first half profits
National Australia Bank Ltd has posted a fall in first half profit after bad and doubtful debts and funding costs continued to increase. ...
Tue 28th April 2009 - 09:15am
National Australia Bank Ltd has posted a fall in first half profit after bad and doubtful debts and funding costs continued to increase. ...
Tue 28th April 2009 - 09:15am
Economic report card a drawcard
A leading economic forecaster is telling people interstate to relocate to Tasmania if they want to avoid the worst of the global economic recession. ...
Tue 28th April 2009 - 09:11am
A leading economic forecaster is telling people interstate to relocate to Tasmania if they want to avoid the worst of the global economic recession. ...
Tue 28th April 2009 - 09:11am
Second instalment due- BrisConnections
Brisbane toll road developer BrisConnections says the second instalment call of $1 on each of its stapled securities remains due on April 29. ...
Tue 28th April 2009 - 08:57am
Brisbane toll road developer BrisConnections says the second instalment call of $1 on each of its stapled securities remains due on April 29. ...
Tue 28th April 2009 - 08:57am
NAB posts fall in Q1 profits
National Australia Bank Ltd has posted a fall in first half profit after bad and doubtful debts and funding costs continued to increase. ...
Tue 28th April 2009 - 08:55am
National Australia Bank Ltd has posted a fall in first half profit after bad and doubtful debts and funding costs continued to increase. ...
Tue 28th April 2009 - 08:55am
WA last in- first out of recession- Buswell
A report by Access Economics predicts Western Australia will slide into recession by 2010-2011 and unemployment will top seven per cent. ...
Tue 28th April 2009 - 08:53am
A report by Access Economics predicts Western Australia will slide into recession by 2010-2011 and unemployment will top seven per cent. ...
Tue 28th April 2009 - 08:53am
Japans Grim Outlook
The grim reality of Japans recession were underlined yesterday when the government lowered its economic forecast for the financial year that started April- saying growth as measures by gross domestic product will plunge by the largest amount in post World War Two history..As well the forecast- which was made three months earlier than normal predicted a surge in unemployment in the next year- a fall in prices and record drops for exports and capital spending- which have powered the Japanese economy for the past decade.There was nothing optimistic at all in the forecast and it looks as though the next year will be another tough period for Australias biggest export market.The Japanese Cabinet Office said in a forecast that output will fall by 3.3 in the 12 months to March 31- 2010- sharply lower than the zero growth forecast in the January forecast.Industrial production will be down by almost 24 over the year better than we have been seeing in the past five months and exports will be weak.The GDP forecast was brought forward from July after Cabinet Office economists predicted that the economy- the worlds second largest- may have contracted at an annual rate of 14 in the March quarter- which would be steeper than the 12.2 fall annual in the December quarter. -amp 160The March quarter figures are due out on -amp 160May 20.The news is a timely reminder of the depths of the countrys slump- which in some areas- such as cars- electronics and exports- remembers a depression with falls of 30 to over 50 in output in the sectors and from various sub-sectors and companies.Later this week we will get an update on the state of the economy for the month of March and for some of 2008 financial year- which ended on march 31.Figures to be released include retail sales- Industrial production- unemployment and prices.As well the Bank of Japans monthly monetary police meeting will be held- and the central bank releases an updated outlook for the economy Thursday evening- our time. It has already downgraded its outlook at least twice so far this year.Industrial production is forecast to rise in March and then April- according to the Trade and Industry Ministry. Exports again fell sharply- but the rate of decline eased in March.But unemployment- retail sales and the consumer price index will all paint a better picture of the forces controlling the economy- a lack of demand- a lack of will on the part of consumers and deflationary pressures.Its making the job of stumbling Prime Minister Taro Asos much harder as he negotiates to introduce the Governments latest 15.4 trillion yen $US159 billion stimulus package.The Government says the package will cut the fall in growth by 1.9 meaning that the drop in the current year could have been 5.2- instead of the 3.3 estimate.The Cabinet yesterday approved a record 13.9 trillion yen in extra funding this business year to help pay for the measures. -amp quotThis extra budget is extremely exceptional expenditure to deal with an emergency- -amp quot Finance Minister Karou Yosano flew back to Tokyo from the IMF and World Bank-G-20 meetings at the weekend for the Cabinet meeting.He then held a press conference where he said that -amp quotExports have declined more than expected- devastating companies. Thats the main reason for Japans economic downturn. -amp quotBloomberg reported Mr Yosano as playing down recent reports that showed the pace of the economys decline may be moderating. -amp quotWe shouldnt be too optimistic- -amp quot Mr Yosano said. -amp quotWe need to think about things on the assumption that economic conditions will remain very severe. -amp quotThe government said there is a risk that deflation may resurface in the current business year.The forecast yesterday predicted consumer prices including fuel and fresh foods will fall 1.3 over the next 12 months to march next year. That would be the biggest drop since records began in 1971.Exports are forecast to drop by a record 27.6 for the full 12 months capital spending could decline a record 14.1 and the jobless rate will jump to 5.2 from 4.4 at the moment.The International Monetary Fund last week forecast a 6.2 in output in Japan in calendar 2009- the worst among advanced economies- compared with its January projection of a 2.6 contraction.That the Cabinet Office is almost half this fall indicates theres a belief of a slow pick up in demand and output in the back half of the fiscal year.The 2009 annual budget will rise to a record 102.5 trillion yen- About $US1 trillion- a massive sum- but smaller than the US deficit which could be much bigger again.The IMF said yesterday the new stimulus package in Japan raises the estimated share of stimulus spending from 1.4 to 2.4 of GDP in 2009- and from 0.4 to 1.8 of GDP in 2010. -amp quotThe package is tilted toward spending- particularly on public investment- support for local communities- and measures to promote lower carbon emission- -amp quot The IMF said.The Japanese Finance Ministry said the government will sell 10.8 trillion yen in new bonds to pay for most of the extra budget.That will bring new bond sales for the fiscal year to a record 44.1 trillion yen- and total sales to 130.2 trillion yen- also the highest ever. Thats $US400 billion in new bond sales and around $US1.3 trillion in total sales.According to the OECD- Japans public debt will probably spiral to 197 of gross domestic product next year. The latest stimulus package will lift that over 200 as it was published before the announced earlier this month.Prime Minister Asos package includes measures to bolster the job market- encourage investment in energy-efficient technology and provide credit to struggling companies.His third stimulus plan brings total spending since he took office in September 2008 to 25 trillion yen- or more than 5 of gross domestic product. -amp 160 ...
Tue 28th April 2009 - 08:51am
The grim reality of Japans recession were underlined yesterday when the government lowered its economic forecast for the financial year that started April- saying growth as measures by gross domestic product will plunge by the largest amount in post World War Two history..As well the forecast- which was made three months earlier than normal predicted a surge in unemployment in the next year- a fall in prices and record drops for exports and capital spending- which have powered the Japanese economy for the past decade.There was nothing optimistic at all in the forecast and it looks as though the next year will be another tough period for Australias biggest export market.The Japanese Cabinet Office said in a forecast that output will fall by 3.3 in the 12 months to March 31- 2010- sharply lower than the zero growth forecast in the January forecast.Industrial production will be down by almost 24 over the year better than we have been seeing in the past five months and exports will be weak.The GDP forecast was brought forward from July after Cabinet Office economists predicted that the economy- the worlds second largest- may have contracted at an annual rate of 14 in the March quarter- which would be steeper than the 12.2 fall annual in the December quarter. -amp 160The March quarter figures are due out on -amp 160May 20.The news is a timely reminder of the depths of the countrys slump- which in some areas- such as cars- electronics and exports- remembers a depression with falls of 30 to over 50 in output in the sectors and from various sub-sectors and companies.Later this week we will get an update on the state of the economy for the month of March and for some of 2008 financial year- which ended on march 31.Figures to be released include retail sales- Industrial production- unemployment and prices.As well the Bank of Japans monthly monetary police meeting will be held- and the central bank releases an updated outlook for the economy Thursday evening- our time. It has already downgraded its outlook at least twice so far this year.Industrial production is forecast to rise in March and then April- according to the Trade and Industry Ministry. Exports again fell sharply- but the rate of decline eased in March.But unemployment- retail sales and the consumer price index will all paint a better picture of the forces controlling the economy- a lack of demand- a lack of will on the part of consumers and deflationary pressures.Its making the job of stumbling Prime Minister Taro Asos much harder as he negotiates to introduce the Governments latest 15.4 trillion yen $US159 billion stimulus package.The Government says the package will cut the fall in growth by 1.9 meaning that the drop in the current year could have been 5.2- instead of the 3.3 estimate.The Cabinet yesterday approved a record 13.9 trillion yen in extra funding this business year to help pay for the measures. -amp quotThis extra budget is extremely exceptional expenditure to deal with an emergency- -amp quot Finance Minister Karou Yosano flew back to Tokyo from the IMF and World Bank-G-20 meetings at the weekend for the Cabinet meeting.He then held a press conference where he said that -amp quotExports have declined more than expected- devastating companies. Thats the main reason for Japans economic downturn. -amp quotBloomberg reported Mr Yosano as playing down recent reports that showed the pace of the economys decline may be moderating. -amp quotWe shouldnt be too optimistic- -amp quot Mr Yosano said. -amp quotWe need to think about things on the assumption that economic conditions will remain very severe. -amp quotThe government said there is a risk that deflation may resurface in the current business year.The forecast yesterday predicted consumer prices including fuel and fresh foods will fall 1.3 over the next 12 months to march next year. That would be the biggest drop since records began in 1971.Exports are forecast to drop by a record 27.6 for the full 12 months capital spending could decline a record 14.1 and the jobless rate will jump to 5.2 from 4.4 at the moment.The International Monetary Fund last week forecast a 6.2 in output in Japan in calendar 2009- the worst among advanced economies- compared with its January projection of a 2.6 contraction.That the Cabinet Office is almost half this fall indicates theres a belief of a slow pick up in demand and output in the back half of the fiscal year.The 2009 annual budget will rise to a record 102.5 trillion yen- About $US1 trillion- a massive sum- but smaller than the US deficit which could be much bigger again.The IMF said yesterday the new stimulus package in Japan raises the estimated share of stimulus spending from 1.4 to 2.4 of GDP in 2009- and from 0.4 to 1.8 of GDP in 2010. -amp quotThe package is tilted toward spending- particularly on public investment- support for local communities- and measures to promote lower carbon emission- -amp quot The IMF said.The Japanese Finance Ministry said the government will sell 10.8 trillion yen in new bonds to pay for most of the extra budget.That will bring new bond sales for the fiscal year to a record 44.1 trillion yen- and total sales to 130.2 trillion yen- also the highest ever. Thats $US400 billion in new bond sales and around $US1.3 trillion in total sales.According to the OECD- Japans public debt will probably spiral to 197 of gross domestic product next year. The latest stimulus package will lift that over 200 as it was published before the announced earlier this month.Prime Minister Asos package includes measures to bolster the job market- encourage investment in energy-efficient technology and provide credit to struggling companies.His third stimulus plan brings total spending since he took office in September 2008 to 25 trillion yen- or more than 5 of gross domestic product. -amp 160 ...
Tue 28th April 2009 - 08:51am
Macmahons Nasty Downgrade Shakes Shares
So will Leighton Holdings make a cheap mop-up bid of Macmahon Holdings after yesterdays shock earnings downgradeMacmahon shares plunged by more than 47 yesterday- the biggest fall in 25 years after the contract mining and construction company cut its full-year profit forecast by almost 70 because of declining demand and activity in the mining sector.But the company said its construction business hasnt been impacted so far and in fact its looking to it to form the basis for new business in the next year.The announcement means the companys -amp 160second half financial position is worsening daily- hundreds more jobs will be cut and it will be very lucky to earn a profit in the six months to June.Macmahon shares fell as much as 47 to 28.5 cents in the immediate wake of the downgrade. The biggest fall since 1984- according to Bloomberg.It later traded around 32 cents where it finished for the day with its market cap around $170 million.Leighton Holdings own around 17 of the company and has approval under a standstill agreement to lift that to around 30. That was negotiated over a year ago in the good times in mining and resources.Leighton shares eased 13 cents to $19.60. It has already taken a write-down on Macmahon this financial year.Now Macmahon directors would welcome Leighton with open arms-But Leighton has its own problems with its contract mining business feeling the pinch and work in Asia- India and the Middle East under pressure.But it might never have the chance again to snap up control of Macmahon at such low prices.Macmahon told the ASX that profit for the year ending June 30 may be between $15 million and $20 million- compared with the forecast of $48 million made last December.This means that profit in the second half is likely to be about $6 million at best and just over break-even at worst.BHP Billiton and Rio Tinto Group are some of Macmahons bigger customers in WA and both have cancelled mining contracts and cut others because of the slump in demand for metals- especially nickel- iron ore and coal. -amp quotWeve seen very significant cutbacks across nickel- copper- uranium- diamonds and very recently in coal- -amp quot said chief executive Nick Bowen. -amp quotAdding to these issues- severe rain and cyclones in the March quarter have impacted both our mining and construction operations in Queenslands Bowen Basin and the Pilbara region of Western Australia. -amp quotThe dramatic reduction in demand had also hurt Macmahons business- with monthly revenue between 30 and 40 per cent lower than six months ago.That equated to a $250 million reduction in annual revenue.Macmahon has also frozen salariesThe reduction in staff combined with other head-office savings are expected to save about $10 million- the company said. -amp quotMining remains a challenging sector- with subdued market conditions as a result of continued uncertainty in commodity pricing and client difficulty in gaining access to project funding- -amp quot Macmahon said in its statement. -amp quotTo date- Macmahon has seen volume reductions across most commodities including- completion of work at the Perseverance Deeps nickel mine deferral of work on the Argyle diamond contract reductions at the Ellendale diamond mine and at Olympic Dam and deferral of the Sinclair underground nickel mine.In addition- Macmahon has been advised that work at the Goonyella coal mine for the BHP Billiton Mitsubishi Alliance BMA will now not be extended past its April completion date due to recent changes to the mine plan. -amp quotLast Thursday- BMA also advised the early termination of the Saraji coal contract at the end of May 2009. -amp quotThe Saraji contract was scheduled to run until February 2010. -amp quotOn a positive note- the Eaglefield coal mine is ramping up- which will utilise some equipment and a number of employees from Goonyella and Saraji. -amp quotIn contrast to Mining- Macmahon remains optimistic on the outlook for its Construction business. -amp quotThe Construction business is continuing to win work- as evidenced by the recent award of BHP Billitons RGP5 rail expansion contract in the Pilbara region of Western Australia. -amp quotOngoing government spending is supporting activity within the construction sector and Macmahon expects to benefit from upcoming infrastructure funding. -amp quotThe Company has previously advised that it is in negotiations with clients with regards to claims and variations on two construction contracts. -amp quotProgress on these claims has been slower than expected- and they are now unlikely to be fully resolved by the end of the 2009 financial year which will impact second half. -amp quot -amp quotAs a result of the lower profit and with the impact of restructuring costs- Macmahon is generating lower free cash flow. -amp quotGearing is currently just below 40 per cent- compared to 12 per cent at December 2008. The Company remains focused on balance sheet management. -amp quotIn this current climate- the outlook remains volatile and difficult to predict. -amp 160 -amp quotThe mining sector is expected to remain challenging until global demand for commodities improves. -amp quotHowever- the construction sector is expected to be buoyed by the soon to be announced Federal Government infrastructure spending package.Macmahon currently has $900 million in revenue secured for the 2010 financial year. -amp quotThis compares to approximately $1 billion secured for 2009 at this time last year. The order book now stands at approximately $1.6 billion. -amp quotIn addition to already secured revenue- the Company expects to add to its order book with a number of mining contracts due for renewal within the next 12 months. -amp quotAdditionally- there are a number of construction contracts in advanced negotiations which are likely to boost the 2010 order book. -amp quotOver the next 12 months we expect to see a smaller mining contracting business- offset by a growing construction business- with the aim of maintaining revenues around current levels and improving profitability- -amp quot the company said in the statement. -amp 160 ...
Tue 28th April 2009 - 08:49am
So will Leighton Holdings make a cheap mop-up bid of Macmahon Holdings after yesterdays shock earnings downgradeMacmahon shares plunged by more than 47 yesterday- the biggest fall in 25 years after the contract mining and construction company cut its full-year profit forecast by almost 70 because of declining demand and activity in the mining sector.But the company said its construction business hasnt been impacted so far and in fact its looking to it to form the basis for new business in the next year.The announcement means the companys -amp 160second half financial position is worsening daily- hundreds more jobs will be cut and it will be very lucky to earn a profit in the six months to June.Macmahon shares fell as much as 47 to 28.5 cents in the immediate wake of the downgrade. The biggest fall since 1984- according to Bloomberg.It later traded around 32 cents where it finished for the day with its market cap around $170 million.Leighton Holdings own around 17 of the company and has approval under a standstill agreement to lift that to around 30. That was negotiated over a year ago in the good times in mining and resources.Leighton shares eased 13 cents to $19.60. It has already taken a write-down on Macmahon this financial year.Now Macmahon directors would welcome Leighton with open arms-But Leighton has its own problems with its contract mining business feeling the pinch and work in Asia- India and the Middle East under pressure.But it might never have the chance again to snap up control of Macmahon at such low prices.Macmahon told the ASX that profit for the year ending June 30 may be between $15 million and $20 million- compared with the forecast of $48 million made last December.This means that profit in the second half is likely to be about $6 million at best and just over break-even at worst.BHP Billiton and Rio Tinto Group are some of Macmahons bigger customers in WA and both have cancelled mining contracts and cut others because of the slump in demand for metals- especially nickel- iron ore and coal. -amp quotWeve seen very significant cutbacks across nickel- copper- uranium- diamonds and very recently in coal- -amp quot said chief executive Nick Bowen. -amp quotAdding to these issues- severe rain and cyclones in the March quarter have impacted both our mining and construction operations in Queenslands Bowen Basin and the Pilbara region of Western Australia. -amp quotThe dramatic reduction in demand had also hurt Macmahons business- with monthly revenue between 30 and 40 per cent lower than six months ago.That equated to a $250 million reduction in annual revenue.Macmahon has also frozen salariesThe reduction in staff combined with other head-office savings are expected to save about $10 million- the company said. -amp quotMining remains a challenging sector- with subdued market conditions as a result of continued uncertainty in commodity pricing and client difficulty in gaining access to project funding- -amp quot Macmahon said in its statement. -amp quotTo date- Macmahon has seen volume reductions across most commodities including- completion of work at the Perseverance Deeps nickel mine deferral of work on the Argyle diamond contract reductions at the Ellendale diamond mine and at Olympic Dam and deferral of the Sinclair underground nickel mine.In addition- Macmahon has been advised that work at the Goonyella coal mine for the BHP Billiton Mitsubishi Alliance BMA will now not be extended past its April completion date due to recent changes to the mine plan. -amp quotLast Thursday- BMA also advised the early termination of the Saraji coal contract at the end of May 2009. -amp quotThe Saraji contract was scheduled to run until February 2010. -amp quotOn a positive note- the Eaglefield coal mine is ramping up- which will utilise some equipment and a number of employees from Goonyella and Saraji. -amp quotIn contrast to Mining- Macmahon remains optimistic on the outlook for its Construction business. -amp quotThe Construction business is continuing to win work- as evidenced by the recent award of BHP Billitons RGP5 rail expansion contract in the Pilbara region of Western Australia. -amp quotOngoing government spending is supporting activity within the construction sector and Macmahon expects to benefit from upcoming infrastructure funding. -amp quotThe Company has previously advised that it is in negotiations with clients with regards to claims and variations on two construction contracts. -amp quotProgress on these claims has been slower than expected- and they are now unlikely to be fully resolved by the end of the 2009 financial year which will impact second half. -amp quot -amp quotAs a result of the lower profit and with the impact of restructuring costs- Macmahon is generating lower free cash flow. -amp quotGearing is currently just below 40 per cent- compared to 12 per cent at December 2008. The Company remains focused on balance sheet management. -amp quotIn this current climate- the outlook remains volatile and difficult to predict. -amp 160 -amp quotThe mining sector is expected to remain challenging until global demand for commodities improves. -amp quotHowever- the construction sector is expected to be buoyed by the soon to be announced Federal Government infrastructure spending package.Macmahon currently has $900 million in revenue secured for the 2010 financial year. -amp quotThis compares to approximately $1 billion secured for 2009 at this time last year. The order book now stands at approximately $1.6 billion. -amp quotIn addition to already secured revenue- the Company expects to add to its order book with a number of mining contracts due for renewal within the next 12 months. -amp quotAdditionally- there are a number of construction contracts in advanced negotiations which are likely to boost the 2010 order book. -amp quotOver the next 12 months we expect to see a smaller mining contracting business- offset by a growing construction business- with the aim of maintaining revenues around current levels and improving profitability- -amp quot the company said in the statement. -amp 160 ...
Tue 28th April 2009 - 08:49am
Pratts lawyers want charges dropped altogether
The criminal case against dying cardboard tycoon and Australias fourth richest man Richard Pratt has been dropped by the prosecution- but the matter may not be over. ...
Tue 28th April 2009 - 08:40am
The criminal case against dying cardboard tycoon and Australias fourth richest man Richard Pratt has been dropped by the prosecution- but the matter may not be over. ...
Tue 28th April 2009 - 08:40am
Early boost for Hydro dams
Water levels are up at Hydro Tasmania dams around state due to the recent heavy rain. ...
Tue 28th April 2009 - 08:39am
Water levels are up at Hydro Tasmania dams around state due to the recent heavy rain. ...
Tue 28th April 2009 - 08:39am
Townsville Port struggles to break even
The Port of Townsville- in north Queensland- says it will struggle to break even this financial year- with business is tipped to fall by 10 per cent. ...
Tue 28th April 2009 - 08:37am
The Port of Townsville- in north Queensland- says it will struggle to break even this financial year- with business is tipped to fall by 10 per cent. ...
Tue 28th April 2009 - 08:37am
Signs of mining industry expansion
Queenslands Department of Natural Resources and Water says there are signs that the mining industry is pushing forward with development- despite the economic downturn. ...
Tue 28th April 2009 - 08:34am
Queenslands Department of Natural Resources and Water says there are signs that the mining industry is pushing forward with development- despite the economic downturn. ...
Tue 28th April 2009 - 08:34am
NAB posts fall in Q1 profits
National Australia Bank Ltd has posted a fall in first half profit after bad and doubtful debts and funding costs continued to increase. ...
Tue 28th April 2009 - 08:32am
National Australia Bank Ltd has posted a fall in first half profit after bad and doubtful debts and funding costs continued to increase. ...
Tue 28th April 2009 - 08:32am
Pratts lawyers want charges dropped altogether
The criminal case against dying cardboard tycoon and Australias fourth richest man Richard Pratt has been dropped by the prosecution- but the matter may not be over. ...
Tue 28th April 2009 - 08:32am
The criminal case against dying cardboard tycoon and Australias fourth richest man Richard Pratt has been dropped by the prosecution- but the matter may not be over. ...
Tue 28th April 2009 - 08:32am
WA Last in- first out of recession- Buswell
A report by Access Economics predicts Western Australia will slide into recession by 2010-2011 and unemployment will top seven per cent. ...
Tue 28th April 2009 - 08:31am
A report by Access Economics predicts Western Australia will slide into recession by 2010-2011 and unemployment will top seven per cent. ...
Tue 28th April 2009 - 08:31am
Australia shares seen dipping on flu fears
The countrys biggest lender- National Australia Bank NAB- kicked off bank results season reporting a 9.4 percent fall in first-half cash profit in line with market Share price index futures for June YAPcm1 rose 0.1 percent to 3-718.0- but that was 13.6 points below the underlying S -amp ampP-ASX 200 index JO. The benchmark index edged up 0.5 percent on Monday- lifted by a $2.5 billion buyout of brewer Lion Nathan Ltd LNN. ...
Tue 28th April 2009 - 08:28am
The countrys biggest lender- National Australia Bank NAB- kicked off bank results season reporting a 9.4 percent fall in first-half cash profit in line with market Share price index futures for June YAPcm1 rose 0.1 percent to 3-718.0- but that was 13.6 points below the underlying S -amp ampP-ASX 200 index JO. The benchmark index edged up 0.5 percent on Monday- lifted by a $2.5 billion buyout of brewer Lion Nathan Ltd LNN. ...
Tue 28th April 2009 - 08:28am
Timber job cuts to hurt SA south-east
The global economic downturn and lack of Federal Government support are being blamed for about 90 job losses at timber products maker- Carter Holt Harvey- in South Australias south-east. ...
Tue 28th April 2009 - 08:28am
The global economic downturn and lack of Federal Government support are being blamed for about 90 job losses at timber products maker- Carter Holt Harvey- in South Australias south-east. ...
Tue 28th April 2009 - 08:28am
Aird pulls planned TV series
The Tasmanian Government has ordered that a planned television series to promote Brand Tasmania be dropped. ...
Tue 28th April 2009 - 08:23am
The Tasmanian Government has ordered that a planned television series to promote Brand Tasmania be dropped. ...
Tue 28th April 2009 - 08:23am
Daimler renounces stake- forgives Chrysler loans
NEW YORK AFP - German automaker Daimler said Monday it would giving up its 19. ...
Tue 28th April 2009 - 07:55am
NEW YORK AFP - German automaker Daimler said Monday it would giving up its 19. ...
Tue 28th April 2009 - 07:55am
Swine flu weighs down Wall St
Concerns about the spread of swine flu have weighed on Wall Street- with fears of a global outbreak dampening optimism about the economy. ...
Tue 28th April 2009 - 07:45am
Concerns about the spread of swine flu have weighed on Wall Street- with fears of a global outbreak dampening optimism about the economy. ...
Tue 28th April 2009 - 07:45am
GFC turning into human calamity- IMF
The IMF and World Bank have warned the global economic crisis is turning into a -amp quothuman calamity -amp quot. ...
Tue 28th April 2009 - 07:38am
The IMF and World Bank have warned the global economic crisis is turning into a -amp quothuman calamity -amp quot. ...
Tue 28th April 2009 - 07:38am
SA a safer haven in recession- says report
A quarterly report on the South Australian economy says it will suffer less than other states in Australias forecast recession. ...
Tue 28th April 2009 - 07:37am
A quarterly report on the South Australian economy says it will suffer less than other states in Australias forecast recession. ...
Tue 28th April 2009 - 07:37am
Qualcomm posts loss after Broadcom settlement
WASHINGTON AFP - US wireless technology titan Qualcomm reported a second-quarter loss of 289 million dollars on Monday after agreeing to pay rival Broadcom 891 million dollars to settle their patent dispute. ...
Tue 28th April 2009 - 07:31am
WASHINGTON AFP - US wireless technology titan Qualcomm reported a second-quarter loss of 289 million dollars on Monday after agreeing to pay rival Broadcom 891 million dollars to settle their patent dispute. ...
Tue 28th April 2009 - 07:31am
Deutsche Bank extends CEOs contract
FRANKFURT AFP - Deutsche Bank decided Monday to extend the contract of chief executive Josef Ackermann by three years to 2013. ...
Tue 28th April 2009 - 07:29am
FRANKFURT AFP - Deutsche Bank decided Monday to extend the contract of chief executive Josef Ackermann by three years to 2013. ...
Tue 28th April 2009 - 07:29am
Jobless total heading for 1 million- forecaster
The latest economic forecast for Australia has official interest rates dropping another 1 per cent and unemployment climbing to 8.5 per cent next year- which could mean 1 million Australians without a job as the Government is due to face an election. ...
Tue 28th April 2009 - 07:25am
The latest economic forecast for Australia has official interest rates dropping another 1 per cent and unemployment climbing to 8.5 per cent next year- which could mean 1 million Australians without a job as the Government is due to face an election. ...
Tue 28th April 2009 - 07:25am
Japan says economy will shrink 3.3
The Japanese government says the economy is likely to shrink 3.3 per cent this fiscal year. ...
Tue 28th April 2009 - 07:24am
The Japanese government says the economy is likely to shrink 3.3 per cent this fiscal year. ...
Tue 28th April 2009 - 07:24am
RAA urges 6km Adelaide road tunnel
A six-kilometre road tunnel in Adelaide is among changes the RAA is urging to the road traffic network. ...
Tue 28th April 2009 - 07:18am
A six-kilometre road tunnel in Adelaide is among changes the RAA is urging to the road traffic network. ...
Tue 28th April 2009 - 07:18am
Im still angry- asbestos victims wife reflects on Hardie decision
For the widow of a James Hardie asbestos victim- last Thursdays landmark judgement against the former asbestos manufacturers board does not go far enough to make up for the pain her husband and other victims endured. ...
Tue 28th April 2009 - 06:38am
For the widow of a James Hardie asbestos victim- last Thursdays landmark judgement against the former asbestos manufacturers board does not go far enough to make up for the pain her husband and other victims endured. ...
Tue 28th April 2009 - 06:38am
Airport workers fear swine flu exposure
Unions have accused Qantas and other airlines of failing to put proper procedures in place to protect frontline workers who might be exposed to swine flu from infected travellers. ...
Tue 28th April 2009 - 06:12am
Unions have accused Qantas and other airlines of failing to put proper procedures in place to protect frontline workers who might be exposed to swine flu from infected travellers. ...
Tue 28th April 2009 - 06:12am
Im still angry- asbestos victims wife reflects on Hardie decision
For the widow of a James Hardie asbestos victim- last Thursdays landmark judgement against the former asbestos manufacturers board does not go far enough to make up for the pain her husband and other victims endured. ...
Tue 28th April 2009 - 05:48am
For the widow of a James Hardie asbestos victim- last Thursdays landmark judgement against the former asbestos manufacturers board does not go far enough to make up for the pain her husband and other victims endured. ...
Tue 28th April 2009 - 05:48am
Im still angry- asbestos victims wife reflects on Hardie decision
For the widow of a James Hardie asbestos victim- last Thursdays landmark judgement against the former asbestos manufacturers board does not go far enough to make up for the pain her husband and other victims endured. ...
Tue 28th April 2009 - 05:44am
For the widow of a James Hardie asbestos victim- last Thursdays landmark judgement against the former asbestos manufacturers board does not go far enough to make up for the pain her husband and other victims endured. ...
Tue 28th April 2009 - 05:44am
Oil falls as flu threatens air travel
NEW YORK- April 27 - Oil prices fell 2.7 percent on Monday on worries a flu outbreak that started in Mexico could become a global pandemic- hurting the world economy and air travel. ...
Tue 28th April 2009 - 05:35am
NEW YORK- April 27 - Oil prices fell 2.7 percent on Monday on worries a flu outbreak that started in Mexico could become a global pandemic- hurting the world economy and air travel. ...
Tue 28th April 2009 - 05:35am
Oil falls 4 pct as flu threatens air travel
NEW YORK- April 27 - Oil prices fell 4 percent on Monday on worries a flu outbreak in Mexico could become a pandemic and hurt the global economy and air travel. ...
Tue 28th April 2009 - 03:57am
NEW YORK- April 27 - Oil prices fell 4 percent on Monday on worries a flu outbreak in Mexico could become a pandemic and hurt the global economy and air travel. ...
Tue 28th April 2009 - 03:57am
Oil price slips as flu threatens air travel
LONDON- April 27 - Oil prices fell 1.5 percent on Monday on worries a flu outbreak in Mexico could become a pandemic- hurting the global economy and hindering air travel. ...
Tue 28th April 2009 - 02:33am
LONDON- April 27 - Oil prices fell 1.5 percent on Monday on worries a flu outbreak in Mexico could become a pandemic- hurting the global economy and hindering air travel. ...
Tue 28th April 2009 - 02:33am
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