Finance News, Wednesday 5th January 2011
Floods run giant coal terminal dry
The operators of Queenslands largest coal export terminal- Dalrymple Bay south of Mackay in north Queensland- say they may run out of coal by the weekend.About 40 mines in the Bowen Basin have been ... ...Wed 5th January 2011 - 11:44pm
Floods run giant coal terminal dry
The operators of Queenslands largest coal export terminal- Dalrymple Bay south of Mackay in north Queensland- say they may run out of coal by the weekend.About 40 mines in the Bowen Basin have been ... ...Wed 5th January 2011 - 11:43pm
Australian shares attempt recovery banks- miners up
MARKETS-AUSTRALIA-STOCKS-Australian shares attempt recovery banks- miners up ...Wed 5th January 2011 - 11:22pm
Microsoft sold 8 mln Kinects in first two months
Microsoft sold more than eight million gesture-sensing Kinect controllers for Xbox 360 videogame consoles in just two months- the technology titans chief executive Steve Ballmer has said.Ballmer used ... ...Wed 5th January 2011 - 10:36pm
Great Ocean delays anger locals- tourists
Tourists have been frustrated by traffic congestion on the Great Ocean Road during the holiday season.A section of the road between Lorne and Wye River has been reduced to one lane since a landslip in ... ...Wed 5th January 2011 - 10:26pm
Chinas Youku streams Hollywood hit in film deal
Chinese online video company Youku.com said Thursday it had begun streaming the Hollywood thriller Inception online as part of a deal with Warner Bros.In a country where piracy is rampant- ... ...Wed 5th January 2011 - 10:17pm
Australia shares poised to open higher on U.S data
MARKETS-AUSTRALIA-STOCKS-Australia shares poised to open higher on U.S data ...Wed 5th January 2011 - 10:14pm
Renault espionage economic war- French minister
French Industry Minister Eric Besson on Thursday warned the country was facing economic war following an industrial espionage scandal at automaker Renault.Unfortunately- the affair appears ... ...Wed 5th January 2011 - 10:11pm
Food prices tipped to climb from record high
There are worrying signs that the basic needs of the worlds population are reaching a critical point- after food prices hit an all-time high last month.There are also warnings that oil prices are ... ...Wed 5th January 2011 - 10:10pm
S.Koreas Asiana says to buy six Airbus A380s
South Koreas Asiana Airlines said Thursday it had agreed to buy six Airbus A380 superjumbos in a deal worth 1.8 billion as it tries to cash in on booming demand from China and the rest of Asia.The ... ...Wed 5th January 2011 - 09:54pm
Jobs rise boosts Wall St
A better than expected jobs report has boosted sentiment on Wall Street- and has raised hopes for this weeks key Labor Department employment figures.The release- from ADP Employer Services- showed ... ...Wed 5th January 2011 - 09:35pm
Hunter under pressure to meet Queensland coal shortfall
The Hunters coal industry is expected to come under pressure to meet the shortfall in global supplies- due to the flood devastation in Queensland.Three quarters of Queenslands coal fields are ... ...Wed 5th January 2011 - 09:26pm
Floods- rain discourage tourists to Qld holiday spots
The floods are taking their toll on the Queensland tourism industry. There was little property damage on the Discovery Coast of south-east Queensland- but the impacts of flooding have flowed into the tourism ... ...Wed 5th January 2011 - 09:19pm
Consumer demand drives US service sector
Strong consumer demand pushed a key measure of the economys service sector to its highest level in more than four years- the latest evidence that the US economy is gaining strength and job growth ... ...Wed 5th January 2011 - 09:03pm
US private-sector jobs boom spurs recovery
A reported jobs boom in December spurred hopes the US labour market is on the mend on Wednesday ahead of key official data- but analysts warned employment has a long way to recover from the recession.The ... ...Wed 5th January 2011 - 08:20pm
EU bonds for Ireland attract support
The first issue of bonds by the European Union to fund its bailout of Ireland attracted demand of nearly four times the offer- with 20.8 billion euros A27.54 billion bid for 5 billion A6.62 billion ... ...Wed 5th January 2011 - 08:18pm
Service firms grow at fastest pace since 2
Strong consumer demand pushed a key measure of the economys service sector to its highest level in more than four years- the latest evidence that the US economy is gaining strength and job growth ... ...Wed 5th January 2011 - 08:07pm
Hong Kong passes citys first minimum wage
Hong Kong lawmakers have given final approval for the citys first minimum wage- but critics say it is too low for many low-income people struggling to make ends meet in the financial hub.The citys ... ...Wed 5th January 2011 - 08:06pm
UKs Osborne urges Europe to put house in order
Britains finance minister George Osborne on Thursday urged Europe to put its own house in order in 2011 by taking action to restore confidence in the euro and shore up the blocs banking ... ...Wed 5th January 2011 - 06:21pm
S.Koreas Asiana to buy six Airbus A380s
South Koreas Asiana Airlines said Thursday it had agreed to buy six Airbus A380s- the so-called superjumbo jets- in a deal worth 1.8 billion.The countrys second-largest carrier said ... ...Wed 5th January 2011 - 06:01pm
N.Ireland water chief quits after huge supply cuts
The head of Northern Irelands under-fire water supplier announced his resignation Thursday after thousands of homes in the British province were deprived of water for days.Laurence MacKenzie- chief ... ...Wed 5th January 2011 - 05:46pm
Motorola unveils tablet computer- the Xoom
US telecom maker Motorola Mobility has jumped into the bustling tablet computer market with a touchscreen device powered by Honeycomb- the latest version of Googles Android software.Sanjay ... ...Wed 5th January 2011 - 05:43pm
Probe may push Facebook to early stock offering
A US probe into Goldman Sachss 450-million-dollar investment in Facebook could drive the hugely popular social networking site to go public earlier than planned- analysts have said.The investment ... ...Wed 5th January 2011 - 05:32pm
US probe shares out systemic blame for oil spill
A US panel has spread blame for the deadly Gulf of Mexico oil spill beyond BP to Halliburton and Transocean- accusing all three of systemic management failures that could happen again.The presidential ... ...Wed 5th January 2011 - 05:04pm
US private hiring boosts hopes for jobs report
A surprising surge in private hiring has spurred hopes that the US governments jobs data this week will confirm the ailing labor market is on the road to recovery.The private sector added a seasonally ... ...Wed 5th January 2011 - 04:25pm
Starbucks revamps logo- hints at life beyond coffee
The most famous name in coffee will soon disappear from Starbucks cups- the company announced Wednesday- unveiling a new logo designed to conquer new markets.The current ubiquitous logo - a deep ... ...Wed 5th January 2011 - 01:05pm
Macarthur lowers guidance as pit floods
Macarthur Coal Ltd has downgraded its guidance for first half net profit as it extends its force majeure declaration following heavy rain in Queensland.Macarthur said in a statement on Wednesday that it ... ...Wed 5th January 2011 - 06:07am
Dai-ichi offer good for business- Tower
Shares in Tower Australia Group Ltd hit a record high as the insurance company confirmed it fully supports an all-cash takeover offer by Japanese cornerstone investor Dai-ichi Life Insurance Co.Dai-ichis ... ...Wed 5th January 2011 - 06:07am
Australia shares fall 0.6 pct to 1 month low
MARKETS-AUSTRALIA-STOCKS UPDATE 4-Australia shares fall 0.6 pct to 1 month low ...Wed 5th January 2011 - 06:02am
Suncorp earnings estimates downgraded
Queenslands flood crisis has meant the full year earnings estimates for Suncorp Group Ltd have been downgraded but rival Insurance Australia Group Ltd IAG has been upgraded despite the disaster- ... ...Wed 5th January 2011 - 05:58am
Webjet ticket sales rise 15
Webjet Ltd has increased the value of all ticket sales by 15 per cent in the six months to December 31- even as bargain-hunting travellers sought cheaper flights and airlines offered sales.Shares in Webjet ... ...Wed 5th January 2011 - 05:47am
Australia shares fall 0.6 pct to 1 month low
MARKETS-AUSTRALIA-STOCKS UPDATE 3-Australia shares fall 0.6 pct to 1 month low ...Wed 5th January 2011 - 05:24am
Ford- Chrysler post major sales gains
US automakers predicted strong sales growth this year after posting solid increases in 2010 sales- with Ford up 19 per cent- Chrysler up 17 per cent and GM up six per cent.Ford said it was the biggest ... ...Wed 5th January 2011 - 04:16am
Goody busted for false claims
An Adelaide company has been found to have falsely advertised its plastic bags as biodegradable.The Federal Court found Goody Environment breached the Trade Practices Act by making false claims about the ... ...Wed 5th January 2011 - 03:55am
Goody busted for false claims
The Federal Court has found that an Adelaide company falsely advertised its plastic bags as biodegradable.The Australian Competition and Consumer Commission claimed Goody Environment breached the Trade ... ...Wed 5th January 2011 - 03:52am
Lost cat poster earns man fine
A British pet owner was warned he could be fined STG1-000 A1-550 after he put up missing cat posters in his local neighbourhood.Mike Harding appealed for the publics help in finding his beloved ... ...Wed 5th January 2011 - 03:31am
Warning against DNA testing kit scam
WAs Consumer Protection Commissioner has urged people not to be fooled by an international DNA testing kit scam. At least 19 people across the country have reported receiving the kits in the mail- ... ...Wed 5th January 2011 - 02:50am
Ford- Chrysler post major sales gains
US automakers predicted strong sales growth this year after posting solid increases in 2010 sales- with Ford up 19 per cent- Chrysler up 17 per cent and GM up six per cent.Ford said it was the biggest ... ...Wed 5th January 2011 - 02:45am
Qld floods damage Australias economic performance
The Queensland floods are hurting the nations Gross Domestic Product GDP by wiping as much as 9 billion off export revenues.Operations at at least 40 coal mines in central Queenslands Bowen ... ...Wed 5th January 2011 - 02:22am
Court clears way for union meeting
The Australian Workers Union has defeated a court bid by mining giant Rio Tinto to stop a meeting at its Bell Bay site in Tasmanias north.Rio Tinto applied for an injunction in the Supreme Court ... ...Wed 5th January 2011 - 02:20am
Court clears way for union meeting
The Australian Workers Union has defeated a court bid by mining giant Rio Tinto to stop a meeting at its Bell Bay site in Tasmanias north.Rio Tinto applied for an injunction in the Supreme Court ... ...Wed 5th January 2011 - 02:17am
Qld floods damage Australias economic performance
The Queensland floods are hurting the nations Gross Domestic Product GDP by wiping as much as 9 billion off export revenues.Operations at at least 40 coal mines in central Queenslands Bowen ... ...Wed 5th January 2011 - 02:10am
Qld floods damage Australias economic performance
The Queensland floods are hurting the nations Gross Domestic Product GDP by wiping as much as 9 billion off export revenues.Operations at at least 40 coal mines in central Queenslands Bowen ... ...Wed 5th January 2011 - 02:06am
Private equity to fuel M-ampA growth in 2011
Merger and acquisition M-ampA deals are tipped to rise in 2011 on the back of more private equity investors returning to the fold- an analyst says.Activity in M-ampA more than doubled in Australia to US164.4 ... ...Wed 5th January 2011 - 01:39am
Qld floods damage Australias economic performance
The Queensland floods are hurting the nations Gross Domestic Product GDP by wiping as much as 9 billion off export revenues.Operations at at least 40 coal mines in central Queenslands Bowen ... ...Wed 5th January 2011 - 01:37am
Good public transport possible in burbs- study
A transport planning expert says Australians have been duped into thinking they can not have a house in the suburbs as well as good public transport.In a study to be presented to the State and Federal ... ...Wed 5th January 2011 - 01:36am
Qld floods damage Australias economic performance
The Queensland floods are hurting the nations Gross Domestic Product GDP by wiping as much as 9 billion off export revenues.Operations at at least 40 coal mines in central Queenslands Bowen ... ...Wed 5th January 2011 - 01:25am
Qld floods damage Australias economic performance
Lost revenue from the Queensland floods is hurting the nations Gross Domestic Product GDP.Operations at at least 40 coal mines in central Queenslands Bowen Basin have been disrupted because ... ...Wed 5th January 2011 - 01:22am
Qld floods damage Australias economic performance
Lost revenue from the Queensland floods is hurting the nations Gross Domestic Product GDP.Operations at at least 40 coal mines in central Queenslands Bowen Basin have been disrupted because ... ...Wed 5th January 2011 - 12:46am
Macarthur Coal downgrades guidance
Macarthur Coal Ltd has downgraded guidance for first half net profit- as it extends its force majeure declaration following heavy rain in Queensland.Macarthur said in a statement on Wednesday that it now ... ...Wed 5th January 2011 - 12:23am
Businesses refreshed by rising water
River Murray tourism operators say rising water levels have encouraged an influx of holidaymakers.The Houseboat Hirers Association says forward bookings for March and April are already 15 per cent higher ... ...Wed 5th January 2011 - 12:23am
Australia shares slip 0.2 pct on commodity weakness
MARKETS-AUSTRALIA-STOCKS UPDATE 2-Australia shares slip 0.2 pct on commodity weakness ...Wed 5th January 2011 - 12:20am
Businesses refreshed by rising water
River Murray tourism operators say rising water levels have encouraged an influx of holidaymakers.The Houseboat Hirers Association says forward bookings for March and April are already 15 per cent higher ... ...Wed 5th January 2011 - 12:18am
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