Oil firms on eve of OPEC meeting
LONDON AFP - World oil prices rebounded slightly on Tuesday- after recent heavy losses- with traders on tenterhooks on the eve of a key production meeting of the OPEC cartel. ...
Tue 16th March 2010 - 11:54pm
European equities climb before Fed decision
LONDON AFP - European stock markets advanced Tuesday after overnight gains on Wall Street- with investors awaiting the latest Federal Reserve monetary policy meeting and another crucial Brussels meeting on Greece. ...
Tue 16th March 2010 - 11:30pm
Russia-Europe gas pipeline secures full funding
LONDON AFP - The consortium behind the planned Nord Stream gas pipeline from Russia to Europe said Tuesday it had secured a 3.9-billion-euro 5.9-billion-dollar funding deal from 26 banks. ...
Tue 16th March 2010 - 11:25pm
Shell's Timor Sea project 'a key focus'
Royal Dutch Shell's Prelude liquefied natural gas project in the Timor Sea will be a key focus for the energy giant in 2010- chief executive Peter Voser says. ...
Tue 16th March 2010 - 11:20pm
Oil extends rise on eve of OPEC meeting
LONDON AFP - World oil prices rebounded slightly on Tuesday- after recent heavy losses- with traders on tenterhooks on the eve of a key production meeting of the OPEC oil cartel in Vienna. ...
Tue 16th March 2010 - 10:34pm
Gold miners unhappy about tax talk
Western Australias emerging gold companies say the state governments plan to raise royalty taxes will be a big blow to future exploration. ...
Tue 16th March 2010 - 10:32pm
Gold miners unhappy about tax talk
Western Australias emerging gold companies say the state governments plan to raise royalty taxes will be a big blow to future exploration. ...
Tue 16th March 2010 - 10:31pm
Euro creeps higher after ZEW survey
LONDON AFP - The euro rose on Tuesday on unexpectedly strong German investor sentiment- but gains were capped by disappointment that a eurozone meeting had not resulted in a rescue for Greece. ...
Tue 16th March 2010 - 10:13pm
Young jobless bear brunt of economys slide
A new report on social trends provides further evidence that the economic downturn in Australia has been anything but mild for young people. ...
Tue 16th March 2010 - 07:49pm
Quoll survey in planned logging coupes
A conservation group wants Regional Forest Agreements RFA scrapped to protect endangered animals. ...
Tue 16th March 2010 - 07:43pm
Young jobless bear brunt of economys slide
A new report on social trends provides further evidence that the economic downturn in Australia has been anything but mild for young people. ...
Tue 16th March 2010 - 07:39pm
Govt 'unlikely' to raise super payments
The federal government is unlikely to heed Paul Keating's call for compulsory super contributions to be increased- a cabinet minister says. ...
Tue 16th March 2010 - 07:34pm
Young jobless bear brunt of economys slide
A new report on social trends provides further evidence that the economic downturn in Australia has been anything but mild for young people. ...
Tue 16th March 2010 - 07:30pm
Big banks burn credit union profits
A squeeze on interest margins and higher costs hit credit unions' profits in 2009 as they felt the brunt of the big banks' pricing power. ...
Tue 16th March 2010 - 07:26pm
China urged to avoid iron ore debate
China says it will support domestic steel mills in their talks with global miners on iron ore prices- after industry leaders appealed to Beijing for help. ...
Tue 16th March 2010 - 07:21pm
ANZ seeks buyer for stake in Sacombank
ANZ Banking Group Ltd is seeking a buyer for its 10 per cent stake in Vietnam's largest private commercial bank- according to media reports. ...
Tue 16th March 2010 - 07:20pm
Privacy 'a must' ahead of gold M -amp A surge
Australia's gold sector should lock in confidentiality agreements with potential investors to protect their interests- a lawyer says. ...
Tue 16th March 2010 - 07:13pm
Seven investors consider proposed merger
Seven Network Ltd shareholders have five weeks to consider the proposed merger with Kerry Stokes' privately owned industrial equipment business. ...
Tue 16th March 2010 - 07:13pm
ACTU wants catch-up rise for low-paid
The Australian Council of Trade Unions will push for low-wage workers to be given a catch-up pay rise this year. ...
Tue 16th March 2010 - 07:12pm
Diatreme seeks co-funding for WA project
Mineral sands explorer Diatreme Resources is in talks with -amp quotinternational industry groups -amp quot about co-funding the development of its $311m Wanna Lakes project. ...
Tue 16th March 2010 - 06:56pm
LNG changes sale terms with Arrow
Liquefied Natural Gas Ltd may be making fresh plans for its Fisherman's Landing project- after renegotiating the sale terms with Arrow Energy. ...
Tue 16th March 2010 - 06:55pm
Navigator expecting Bronzewing gold bars
Navigator Resources says it is bringing the Bronzewing gold mine in WA back into operation on time and on budget after learning the lessons of its former owner. ...
Tue 16th March 2010 - 06:54pm
Young jobless bear brunt of economys slide
A new report on social trends provides further evidence that the economic downturn in Australia has been anything but mild for young people. ...
Tue 16th March 2010 - 06:47pm
Anglo beats forecast but no divi yet
-amp ltp -amp gtShares in Anglo-American dipped in early trading following the US discount rate decision but there was good news for investors as the company reported a bigger-than expected profit in 2009 and said it expects to resume divided payments this year. Net profits sank to $2.6bn -amp pound1.7bn from $5.2bn- while operating profit also halved to $5bn from $10.1bn compared with the previous year. The company achieved $1.6bn in cost savings after shedding 23-000 jobs to fight the recession. -amp igraveWe -amp iacuteve made significant progress across the board- delivering on exceeding our targets- -amp icirc chief executive Cynthia Carroll said at the results presentation. -amp igraveWe except to resume the dividend in respect of 2010. Anglo -amp iacutes rivals Rio Tinto and Xstrata both resumed dividends last week after strengthening their finances in 2009 through rights issues. Anglo- which fought off a hostile bid from Xstrata last year- is cutting debt through disposals. Last year it raised $2.4bn from the sales of assets- mainly from a stake in AngloGold Ashanti. Earlier this week- it agreed to sell parts of its Tarmac construction materials unit for $400m. -amp lt-p -amp gt -amp ltp -amp gtAnglo revealed it paid -amp pound51m to advisers in defending itself against Xstrata. -amp lt-p -amp gt -amp ltp -amp gt Anglo shares were down 1.66 at 2460.5 at 0910GMT. -amp lt-p -amp gt ...
Tue 16th March 2010 - 05:55pm
European earnings disappoint
It was a gloomy morning in Paris as two of France -amp rsquos most prestitigous names reported a slump in profits below expectations. ...
Tue 16th March 2010 - 05:54pm
Forecasts bode well for prices- Rio
Rio Tinto Ltd says forecast global and Chinese growth in 2010 augurs well for metal and mineral prices. ...
Tue 16th March 2010 - 05:53pm
Sterling battered to nine-month low
Sterling continued its fall to hit a nine-month low against the dollar on Friday as the US currency continued to gain broadly after the Federal Reserve raised its discount rate.The pound fell more than 1.5 percent from late New York levels to $1.5377- its weakest since mid-May 2009.It also fell against the euro- which rose 0.4 to 87.63p- its highest in roughly a week.The pound was weakened this week following figures showing rising unemployment and the poor state of the country -amp rsquos finances. The UK showed a budget deficit last month for the first January on record. ...
Tue 16th March 2010 - 05:49pm
Ray White sales up 20 per cent in Feb
Real estate group Ray White has reported a 20 per cent improvement in February for its residential and commercial sales results in Australia and New Zealand. ...
Tue 16th March 2010 - 05:47pm
RBA to keep rates on hold- economists
The central bank is likely to keep interest rates on hold in April due to uncertainty surrounding the most recent housing lending figures- economists say. ...
Tue 16th March 2010 - 05:46pm
Morrison dips on weak outlook
UK supermarket William Morrison fell 5.7p to 298.5p after painting an uncertain picture for consumer despite beating estimates with a 30 rise in profits.The UK -amp rsquo s fourth largest supermarket said net income jumped from -amp pound460m to -amp pound598m in 2009. The grocer- which appointed former Loblaw Cos. Executive Dalton Philips to succeed Chief Executive Officer Marc Bolland this month- increased sales by 6 to -amp pound15.4bn- as it cut prices on 30-000 items throughout the year.On an underlying basis- stripping out the impact of property disposals and a one-off credit of -amp pound91 million to the company pension scheme- pre-tax profits rose by 21 per cent to -amp pound767 million. ...
Tue 16th March 2010 - 05:46pm
China enters debate on iron ore prices
China says it will support domestic steel mills in their talks with global miners on iron ore prices- after industry leaders appealed to Beijing for help. ...
Tue 16th March 2010 - 05:45pm
Cost of Melbourne storms nears $500m
The cost of Melbourne's freak storms is quickly heading towards half a billion dollars- one of Australia's largest insurers says. ...
Tue 16th March 2010 - 05:43pm
CBH receives revised offer from Toho
CBH Resources says it has received a revised proposal from major shareholder Toho Zinc that would see the Japanese company take a maximum 49.9 stake in CBH. ...
Tue 16th March 2010 - 05:37pm
Acrux eyes up to $366m in Axiron deal
Acrux could receive up to $A366 million plus royalties from Eli Lilly and Company for the rights to commercialise Acrux's underarm testosterone booster- Axiron. ...
Tue 16th March 2010 - 05:35pm
Stockland CEO blasts 'extravagant' homes
Cutting red tape- adequate planning and building smaller houses will help housing affordability- Stockland chief executive Matthew Quinn says. ...
Tue 16th March 2010 - 05:32pm
Market makes modest gains
The Australian share market made modest gains today- with minutes from the Reserve Banks March meeting failing to provide clear direction about further rate hikes and investors wary ahead of the U-S Federal Reserves policy meeting. ...
Tue 16th March 2010 - 05:27pm
Select fails in almond orchards bid
Select Harvests' proposed $25 million acquisition of almond orchards in north-west Victoria has fallen over. ...
Tue 16th March 2010 - 05:11pm
Australia dlr bolstered by rate view awaits Fed
Also helped by weaker US $ on position squaring before Fed ...
Tue 16th March 2010 - 05:10pm
Old Mutual dips on loss
Life insurer Old Mutual fell 2.9 after slumping to a full-year loss and announcing further details of a strategic shake-up. The company reported a net loss of -amp pound340m $508 million- compared with a profit of -amp pound441m. The insurer- which didn -amp rsquot pay a dividend for 2008- recommended a payout of 1.5 pence a share- giving investors the option of taking stock instead of cash. -amp ldquoWe benefited from improved market conditions in the second half- which resulted in greater demand for equity-based products from our clients- -amp rdquo Chief Executive Officer Julian Roberts said in the statement. He added that the company is exploring the disposal of its US Life business and is planning a partial initial public offering of its US asset management business. -amp rdquo Old Mutual- with operations in South Africa- the U.K and the U.S.- was forced to write down investments after global equity markets fell in 2008. The insurer has closed some lines of business and changed reporting methods since Roberts- 52- became CEO in September 2008. The company swung to a loss as gross premiums fell and claims increased. Financing and administrative costs also rose. ...
Tue 16th March 2010 - 04:53pm
Australia shares nudge higher- miners upbeat
MELBOURNE- March 16 - Australian stocks edged up 0.3 percent on Tuesday- with investors reluctant to take big positions after a recent rally and ahead of the U.S. Federal Reserves policy meeting later in the day. ...
Tue 16th March 2010 - 04:45pm
Ray White sales up 20 per cent in Feb
Real estate group Ray White has reported a 20 per cent improvement in February for its residential and commercial sales results in Australia and New Zealand. ...
Tue 16th March 2010 - 04:43pm
Rio in talks with Chinalco over huge Africa field
SYDNEY AFP - Rio Tinto is in talks with Chinas Chinalco on a massive mining project in Guinea- reports said Tuesday- raising hopes of a rapprochement which could unlock one of the worlds biggest iron ore fields. ...
Tue 16th March 2010 - 04:29pm
SE Qld population growing too fast
A population inquiry in Brisbane has been told limits should be put on growth in south-east Queensland. ...
Tue 16th March 2010 - 04:27pm
ANZ seeks buyer for stake in Sacombank
ANZ Banking Group Ltd is seeking a buyer for its 10 per cent stake in Vietnam's largest private commercial bank- according to media reports. ...
Tue 16th March 2010 - 04:25pm
Australia shares rise 0.3 pct eyes on the Fed
MELBOURNE- March 16 - Australian stocks edged up 0.3 percent on Tuesday with investors reluctant to take big positions after a recent rally and ahead of the U.S. Federal Reserves policy meeting. ...
Tue 16th March 2010 - 04:19pm
Victory West Moly Limited ASX-VWM Completes An Underwritten Placement Of A $1.5 Million
Perth- Australia- Mar 16- 2010 - ABN Newswire - Victory West Moly Limited ASX-VWM is pleased to announce it has completed arrangements for the capital raising of A $1-500-000. These additional funds will strengthen the companys cash position as it continues its exploration programme of its Malala Molybdenum Project- Sulawesi- Indonesia. ...
Tue 16th March 2010 - 04:17pm
China enters debate on iron ore prices
China says it will support domestic steel mills in their talks with global miners on iron ore prices- after industry leaders appealed to Beijing for help. ...
Tue 16th March 2010 - 04:12pm
Rio 'in talks' with Chinalco
Rio Tinto is in talks with Chinalco on a massive mining project in Guinea- reports say- raising hopes of unlocking one of the world's biggest iron ore fields. ...
Tue 16th March 2010 - 03:50pm
AusTex Oil Limited ASX-AOK Provides An Update On Operations In Kansas
Sydney- Australia- Mar 16- 2010 - ABN Newswire - AusTex Oil Limited ASX-AOK advises the following update on operations in Kansas.Eisenhour 1 Well - McCracken ProjectThe operator- Castle Resources Inc.- advises that drilling of the wildcat Eisenhour 1 well reached a Total Depth TD of 4100 feet overnight. ...
Tue 16th March 2010 - 03:46pm
Select fails in almond orchards bid
Select Harvests' proposed $25 million acquisition of 1-619 acres 655 hectares of almond orchards in north-west Victoria has fallen over. ...
Tue 16th March 2010 - 03:34pm
Conditions of LNG sale to Arrow changed
Liquefied Natural Gas may be making fresh plans for its Fisherman's Landing project- after renegotiating the sale terms with Arrow Energy. ...
Tue 16th March 2010 - 03:21pm
Hundreds of Qld drivers test positive for drugs
About 200 Queensland drivers have returned a positive drug driving test over a nine month period. ...
Tue 16th March 2010 - 03:21pm
New Zealand dollar gains vs Aussie bonds firm
Kiwi mildly firmer on strength vs Aussie ...
Tue 16th March 2010 - 03:18pm
SE Qld population growing too fast
A population inquiry in Brisbane has been told limits should be put on growth in south-east Queensland. ...
Tue 16th March 2010 - 03:16pm
RBA to keep rates on hold- economists
The central bank is likely to keep interest rates on hold in April due to uncertainty surrounding the most recent housing lending figures- economists say. ...
Tue 16th March 2010 - 02:58pm
ABM Resources NL ASX-ABU Releases Details On Barrow Creek Gold Targets
Perth- Australia- Mar 16- 2010 - ABN Newswire - ABM Resources NL ASX-ABU is pleased to present results compiled and validated from its regional exploration portfolio and database for the Barrow Creek area in the Northern Territory including-Kroda Gold Project - more than 14 kilometres of combined strike length of gold anomalism and four individual prospects with drill results including- 27m - 6.42g-t gold at 0. ...
Tue 16th March 2010 - 02:20pm
Miners push QR purchase with Bligh
A group representing 14 coal companies that wants to buy the coal arm of Queensland Rail QR says it will meet with Premier Anna Bligh to discuss the offer. ...
Tue 16th March 2010 - 02:12pm
Miners push QR purchase at Bligh meeting
A group representing 14 coal companies that wants to buy the coal arm of Queensland Rail QR says it will meet with Premier Anna Bligh to discuss the offer. ...
Tue 16th March 2010 - 02:11pm
Housing affordability ideas suggested
Cutting red tape- adequate planning and building smaller houses will help housing affordability- Stockland chief executive Matthew Quinn says. ...
Tue 16th March 2010 - 01:42pm
Seven in trading halt until announcement
Seven Network Ltd shares are in a trading halt after a Federal Court revealed an expert's valuation for a proposed merger with a Kerry Stokes business. ...
Tue 16th March 2010 - 01:41pm
Australia earmarks $11m aid for Africa
The Australian Government is giving $11 million in food aid and assistance for displaced people in Somalia- the Democratic Republic of Congo and Kenya. ...
Tue 16th March 2010 - 01:36pm
Asian Markets Overview of March 16- 2010- Pilot TYO-7846 Expand Deeper into China and India
Sydney- Australia- Mar 16- 2010 - ABN Newswire - Wall Streets modest gain overnight provided Asian stocks a positive lead- but lingering concerns over Chinas monetary policy could drag the regional markets today. Investors may keep cautious ahead of policy meetings by the US Federal Reserve and the Bank of Japan this week. Yesterday most Asian markets were lower. Japans Nikkei 225 ended flat and South Koreas Kospi fell 0.8 per cent. ...
Tue 16th March 2010 - 01:31pm
CBH receives revised offer from Toho
CBH Resources says it has received a revised proposal from major shareholder Toho Zinc that would see the Japanese company take a maximum 49.9 stake in CBH. ...
Tue 16th March 2010 - 01:30pm
SE Qld population growing too fast
A population inquiry in Brisbane has been told limits should be put on growth in south-east Queensland. ...
Tue 16th March 2010 - 01:25pm
SE Qld population growing too fast
A population inquiry in Brisbane has been told limits should be put on growth in south-east Queensland. ...
Tue 16th March 2010 - 01:24pm
Housing affordability ideas suggested
Cutting red tape- adequate planning and building smaller houses will help housing affordability- Stockland chief executive Matthew Quinn says. ...
Tue 16th March 2010 - 12:54pm
Australia dlr dips briefly as market mulls RBA words
The RBA policy board did recognise that sovereign credit problems in Europe were a risk to global markets but concluded a fresh bout of turmoil was not the most likely outcome. ...
Tue 16th March 2010 - 12:54pm
NT needs oil experts
The Northern Territory Opposition and Conservationists are criticising the Northern Territory governments role in regulating the Montara oil well that leaked into the sea for more than 10 weeks last year. ...
Tue 16th March 2010 - 12:48pm
Texon Petroleum Limited ASX-TXN Commences Drilling The Mosman-Rockingham Leases Within The Olmos And Eagle Ford Potential
Brisbane- Australia- Mar 16- 2010 - ABN Newswire - Texon Petroleum Ltd ASX-TXN advises that the first well on its 3-270 acre Mosman-Rockingham leases - Mosman-Rockingham 1 MR 1 or Hoskins 1- commenced drilling on 15 March 2010.MR 1 will be a vertical well to a planned total depth of 3-490 metres 11-450 feet and will investigate the presence and characteristics of the Olmos and Eagle Ford reservoirs in the Mosman-Rockingham leases. ...
Tue 16th March 2010 - 12:45pm
Seven in trading halt until announcement
Seven Network Ltd shares are in a trading halt after a Federal Court revealed an expert's valuation for a proposed merger with a Kerry Stokes business. ...
Tue 16th March 2010 - 12:39pm
Miners push QR purchase with Bligh meeting
A group representing 14 coal companies that wants to buy the coal arm of Queensland Rail QR says it will meet with Premier Anna Bligh to discuss the offer. ...
Tue 16th March 2010 - 12:30pm
Forecasts bode well for prices- Rio
Rio Tinto Ltd says forecast global and Chinese growth in 2010 augurs well for metal and mineral prices. ...
Tue 16th March 2010 - 12:28pm
RBA to keep rates on hold- economists
The central bank is likely to keep interest rates on hold in April due to uncertainty surrounding the most recent housing lending figures- economists say. ...
Tue 16th March 2010 - 12:10pm
Gunns chairman under pressure to resign
The chairman of Gunns Limited says he has been under pressure to resign from the timber companys board of directors. ...
Tue 16th March 2010 - 11:52am
Magnetic Resources NL ASX-MAU Identifies Two Magnetic Anomalies At Mt Vernon Iron Project
Perth- Australia- Mar 16- 2010 - ABN Newswire - As part of Magnetic Resources ASX-MAU ongoing iron ore exploration in the south west of WA- Magnetic Resources has identified two pronounced magnetic anomalies about 30km northeast of the Newdegate town site and railway line. ...
Tue 16th March 2010 - 11:46am
New Zealand dollar holds up- investors await Fed
Kiwi NZDD4 holds around $0.7020- having traded a tight range over the past day with little impetus to break out of recent band. Kiwi seen well supported around $0.6960 and resistance around $0.7050. ...
Tue 16th March 2010 - 11:45am
Research finds PR spinning most newspaper stories
Researchers have found more than half of newspaper stories surveyed over five days were driven by the public relations industry. ...
Tue 16th March 2010 - 11:36am
Quoll survey in planned logging coupes
A conservation group wants Regional Forest Agreements RFA scrapped to protect endangered animals. ...
Tue 16th March 2010 - 11:34am
Australia shares up 0.4 pct- miners lead the way
MELBOURNE- March 16 - Australian stocks rose 0.4 percent on Tuesday- as miners proved resilient to concerns that China might tighten monetary policy to cool growth and prevent overheating. ...
Tue 16th March 2010 - 11:31am
Underground Coal Gasification Milestone As Ignition Commences Successfully At Cougar Energy Limited ASX-CXY Flagship Kingaroy Plant
Melbourne- Australia- Mar 16- 2010 - ABN Newswire - Cougar Energy Limited ASX-CXY is pleased to report a significant milestone in the development of Australias Underground Coal Gasification UCG industry with the successful ignition of the Kunioon coal seam at the Companys flagship Kingaroy plant in central Queensland.The production of syngas has started. ...
Tue 16th March 2010 - 11:24am
Seven in trading halt until announcement
Shares in Kerry Stokes' Seven Network Ltd have gone into a trading halt pending the release of an announcement by the broadcaster. ...
Tue 16th March 2010 - 11:23am
Meteoric Resources NL ASX-MEI Prepares To Carry Out Aeromagnetic Surveys For Webb Iron-Oxide-Copper-Gold IOCG Project
Perth- Australia- Mar 16- 2010 - ABN Newswire - As part of Meteoric Resources ASX-MEI ongoing assessment of iron oxide-copper-gold IOCG targets in the Webb area of the West Arunta region of WA- Meteoric is preparing to carry out detailed airborne magnetic surveys on several of these target areas. ...
Tue 16th March 2010 - 10:55am
Tourism phone app proves popular
The South Australian Tourism Commission says a mobile phone application developed for tourists has proved extremely popular. ...
Tue 16th March 2010 - 10:45am
OPEC members happy with oil output quota
VIENNA AFP - Key OPEC members on Monday said there was no need for the cartel to change its official oil output target owing to the current supply- demand and price situation amid a world economic recovery. ...
Tue 16th March 2010 - 10:44am
Paint workers set for return to work
Striking workers at the Protec paint factory at Gillman in Adelaide say they will return to work on Thursday- but keep up their fight for a pay rise. ...
Tue 16th March 2010 - 10:36am
Telstra sells 1b euro of 10-year bonds
Telstra Corporation Ltd has sold one billion euros $A1.5 billion of 10 year bonds. ...
Tue 16th March 2010 - 10:34am
Australia shares sneak higher- miners firm
MELBOURNE- March 16 - Australian stocks edged 0.2 percent higher in opening trade on Tuesday- as miners proved resilient to persistent concerns that China might tighten monetary policy. ...
Tue 16th March 2010 - 10:29am
Conditions of LNG sale to Arrow changed
Liquefied Natural Gas Ltd says the terms of a sale to Arrow Energy has been changed to allow either party to terminate the agreement with one day's notice. ...
Tue 16th March 2010 - 10:21am
Melbourne storm cost nears $500 million
The cost of Melbourne's freak storms is quickly heading towards $500 million- one of Australia's largest insurers says. ...
Tue 16th March 2010 - 10:16am
Local shares flat after Wall Streets mixed finish
It has been a fairly lacklustre start to trading on the Australian share market- after Wall Street experienced another mixed finish overnight. ...
Tue 16th March 2010 - 10:11am
Union demands certainty for train builders
The Australian Manufacturing Workers Union AWMU says it fears Maryborough train builders will run out of work if a new Queensland Rail QR tender is not awarded soon. ...
Tue 16th March 2010 - 10:10am
Iron Road Limited ASX-IRD Institutional Capital Raising Of A $6.1 Million
Sydney- Australia- Mar 16- 2010 - ABN Newswire - Iron Road Limited ASX-IRD today announced it has placed 9-623-928 shares at a price of A $0.64 per share- raising total funds of A $6.1M. The shares were predominantly placed to existing institutional investors of Iron Road and new North American based institutional investors. The shares have been issued pursuant to ASX listing rule 7.1.Highlights- A $6. ...
Tue 16th March 2010 - 09:52am
Gunns chairman under pressure to resign
The chairman of Gunns Limited says he has been under pressure to resign from the timber companys board of directors. ...
Tue 16th March 2010 - 09:51am
Gunns chairman under pressure to resign
The chairman of Gunns Limited says he has been under pressure to resign from the timber companys board of directors. ...
Tue 16th March 2010 - 09:50am
Truckies concerned about Brisbanes left-hand lane rule
The trucking industry has raised a number of concerns about keeping trucks in the left-hand lane of one of Brisbanes busiest road corridors. ...
Tue 16th March 2010 - 09:10am
NYT responds to WSJ with ad campaign
The New York Times has fired back against plans by News Corp to compete against the respected daily with a New York edition of The Wall Street Journal. ...
Tue 16th March 2010 - 08:45am
Unions oppose QR sale after Resources Council meeting
The mining sector says it hopes the State Government will change its mind about how to sell parts of Queensland Rail QR. ...
Tue 16th March 2010 - 08:41am
Obama confirms 24-hour flying visit
The White House says US President Barack Obama is pushing ahead with his trip to Asia and Australia because the area is fundamental to Americas economic and security interests. ...
Tue 16th March 2010 - 08:39am
Moody's warns on US- UK debt ratings
The US and Britain are more likely than Germany and France to witness an embarrassing downgrade of their top debt rating- agency Moody's Investors Service said. ...
Tue 16th March 2010 - 08:24am
US plans own national broadband network
US communications regulators have begun unveiling details of a plan designed to vault the US into the ranks of world leaders in high-speed Internet access. ...
Tue 16th March 2010 - 07:59am
Hair straighteners trump dryers in UK
Hair straighteners and lip gloss are in- according to this year's update to the basket of goods and services used to calculate British inflation. ...
Tue 16th March 2010 - 07:52am
Bay Bee Cino placed in administration
A Sydney-based babywear company Bay Bee Cino has been placed in administration- just three years after undertaking a capital raising. ...
Tue 16th March 2010 - 07:36am
Mixed Wall Street finish to weigh on local shares
The prospect of further credit tightening in China has spooked investors around the world- with concerns the move could restrict growth in the global economy. ...
Tue 16th March 2010 - 07:36am
Mixed Wall Street finish to weigh on local shares
The prospect of further credit tightening in China has spooked investors around the world- with concerns the move could restrict growth in the global economy. ...
Tue 16th March 2010 - 07:29am
New Zealand dollar steady in tight range debt flat
Kiwi NZDD4 about $0.7012-20- little changed from late local trade on Monday and the level it hovered around in the offshore session. Kiwi seen well supported around $0.6960 and resistance around $0.7050. ...
Tue 16th March 2010 - 07:24am
Oil prices slump ahead of OPEC talks
NEW YORK AFP - Oil prices slumped Monday amid a rising US dollar and concerns over energy demand as traders eyed the OPEC cartels output meeting this week. ...
Tue 16th March 2010 - 06:54am
Calvin Klein owner buys Tommy Hilfiger brand- statement
LONDON AFP - The company behind Calvin Klein has bought fellow US fashion brand Tommy Hilfiger for 2.2 billion euros 3.0 billion dollars- Hilfigers current owner said Monday. ...
Tue 16th March 2010 - 04:49am
Euro ministers examine Greek aid plans
BRUSSELS AFP - Greeces partners in the eurozone opened talks on Monday aimed at hammering out agreement on how to help Athens rein in its massive debt. ...
Tue 16th March 2010 - 04:48am
German neighbours complain about competition
BERLIN AFP - As Europe seeks to emerge from economic crisis- France accused Germany Monday of trying to boost trade at the expense of Berlins eurozone partners by squeezing salaries and pushing exports. ...
Tue 16th March 2010 - 03:46am
Oil prices dive under 80 dollars
LONDON AFP - World oil prices sank under 80 dollars on Monday- hit by the falling US currency and energy demand concerns- as traders eyed the OPEC cartels output meeting due later this week. ...
Tue 16th March 2010 - 03:43am
China cuts back Treasury bond holdings amid tensions
WASHINGTON AFP - China cut back its Treasury bond holdings to the lowest level in eight months- the US Treasury said Monday amid rising tensions over claims Beijing was undervaluing its currency for trade gains. ...
Tue 16th March 2010 - 03:29am
EU enlargement chief presses Turkey on Cyprus- Armenia
ANKARA AFP - EU Enlargement Commissioner Stefan Fule urged Turkey Monday to open its ports to Cyprus under a trade pact with the bloc and to press on with peace efforts with Armenia. ...
Tue 16th March 2010 - 03:20am
US government finds no problems with runaway Prius
CHICAGO AFP - US safety regulators said Monday they were unable to find any problems with a Toyota Prius that could explain why it reportedly sped uncontrollably down a California highway last week. ...
Tue 16th March 2010 - 02:20am
China cuts back Treasury bond holdings amid tensions
WASHINGTON AFP - China cut back its Treasury bond holdings to the lowest level in eight months the US Treasury said Monday- amid sharp allegations that Beijing is undervaluing its currency. ...
Tue 16th March 2010 - 01:48am
The Vale Columbia Center on Sustainable International Investment Issues Report on Inward FDI in India
New York- Mar 15- 2010 - ACN Newswire - A minor global FDI player in 2000- India is now the worlds thirteenth largest FDI host country. With 2008 inflows of US $ 42 billion and 2009 inflows of US $ 27 billion- it is also a global top three preferred investment destination. ...
Tue 16th March 2010 - 12:56am
China cuts back US Treasury bond holdings- Treasury
WASHINGTON AFP - China cut back its Treasury bond holdings in January but remained the top owner of US government debt- the Treasury Department said Monday. ...
Tue 16th March 2010 - 12:34am
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