Finance News, Monday 24th January 2011
Mirvac to take 215m provision
Mirvac Group will take a 215 million provision against inventories on slow sales and property oversupply in regional markets- with the announcement prompting shares in the real estate developer to fall ... ...Mon 24th January 2011 - 11:38pm
Rentals competition adds to flooded tenants woes
Brisbane tenants are being forced to deal with fierce competition- along with the heartache of losing everything in the floods- as they struggle to find new homes in an already tight rental market.It has ... ...Mon 24th January 2011 - 11:37pm
Virgin 1H profit to fall to 23-26mln
Virgin Blue Holdings Ltd says it expects first half net profit to be down more than 50 per cent- due to the floods- a slowdown in consumer spending and disruptions to the airlines check in system ... ...Mon 24th January 2011 - 11:27pm
Economists warn of rising inflation
The latest inflation figures due out today are expected to come in at the top end of the Reserve Banks target- and economists are warning it could be a big problem this year.The consumer price index ... ...Mon 24th January 2011 - 11:26pm
Australia shares open 0.2 percent higher
MARKETS-AUSTRALIA-STOCKS UPDATE 1-Australia shares open 0.2 percent higher ...Mon 24th January 2011 - 11:17pm
Economists warn of rising inflation
cpiThe latest inflation figures due out today are expected to come in at the top end of the Reserve Banks target- and economists are warning it could be a big problem this year.The consumer price ... ...Mon 24th January 2011 - 11:15pm
New mine to meet silica demand
A Tasmanian silica mining company looks set to expand its operations in the north-west to meet resurgent demand from Asian electronics makers.Tasmanian Advanced Minerals is planning a new silica mine at ... ...Mon 24th January 2011 - 10:53pm
Changes planned for olive oil labelling
Proposed national standards for olive oil labelling will help end confusion for shoppers- says the Australian Olive Association.Words such as pure and light could disappear from labels.Imported oil would ... ...Mon 24th January 2011 - 10:49pm
Mirvac to take 215m provision
Real estate developer Mirvac Group will take a 215 million provision against inventories on slow sales and property oversupply in regional markets.Mirvac said select regional markets had not recovered ... ...Mon 24th January 2011 - 10:47pm
Changes planned for olive oil labelling
Proposed national standards for olive oil labelling will help end confusion for shoppers- says the Australian Olive Association.Words such as pure and light could disappear from labels.Imported oil would ... ...Mon 24th January 2011 - 10:45pm
MMG seeks feedback on zinc mine plans
A major zinc company is seeking public comment on its proposal to build a mine in north-west Queensland.The Minerals and Metals Group MMG has released an environmental impact statement for its Dugald ... ...Mon 24th January 2011 - 10:35pm
GWA sales down but EBIT on track
Household fixtures supplier GWA Ltd says underlying like-for-like sales in the first half of 2010-11 rose less than expected- due to poor weather- but trading earnings still were consistent with earlier ... ...Mon 24th January 2011 - 10:27pm
Australia shares seen up on metals strength- upbeat Wall St
MARKETS-AUSTRALIA-STOCKS-Australia shares seen up on metals strength- upbeat Wall St ...Mon 24th January 2011 - 10:18pm
Bus drivers strike again as pay row hits impasse
Sunbus drivers on Queenslands Sunshine Coast have walked off the job today for the fifth time in just over six weeks. Pay negotiations between the Transport Workers Union TWU and the owner and operator ... ...Mon 24th January 2011 - 10:16pm
Updates- Weak Sales Sees Woolies Chop Earnings Forecast
Woolworths- the countrys most successful retailer- confirmed yesterday that it had not been able to withstand the quadruple impact of weak consumer spending- the stronger dollar- the poor weather ... ...Mon 24th January 2011 - 10:11pm
The Economy- Producer Prices Weaker Than Forecast
While the quarterly producer prices are not a good guide to the quarterly consumer price index- yesterdays PPI figures for the three months to December were welcome news. Producer prices are all but ... ...Mon 24th January 2011 - 10:10pm
Updates- Downer EDI Due For Another Downgrade
Troubled industrial group- Downer EDI has had its shares suspended until Thursday after foreshadowing more delays and cost overruns for the Waratah Train contract tendered by the NSW government. The engineering shares ... ...Mon 24th January 2011 - 10:09pm
Bids- Riversdale Board Backs Rio Bid- For Now
With talk of an All-Indian bid coming- the board of Riversdale Mining yesterday supported the 3.9 billion offer from Rio Tinto. And that vote included a representative of top shareholder Tata Steel- which ... ...Mon 24th January 2011 - 10:08pm
Profits- AMCIL Makes More
Melbourne-based listed investment company- AMCIL has reported a modest improvement in interim profit for the period to December 31 and is looking for more of the same in the second half with 8 million ... ...Mon 24th January 2011 - 10:07pm
Government considers banning bullbars
Bullbars could be banned under changes to the national road safety rules currently being considered by the Federal Government.The Government has invited public comment on proposed changes to the design ... ...Mon 24th January 2011 - 09:42pm
Government considers banning bullbars
Bullbars could be banned under changes to the national road safety rules currently being considered by the Federal Government.The Government has invited public comment on proposed changes to the design ... ...Mon 24th January 2011 - 09:33pm
Government considers banning bullbars
The Federal Government is considering a change to the national road rules that could see bullbars banned.The Government has invited public comment on proposed changes to the design rules for cars.Aimed ... ...Mon 24th January 2011 - 08:38pm
Euro surges as ECB slows bond buying
The European Central Bank spent far less money propping up the bond markets in Europes more indebted countries last week- figures showed on Monday- reinforcing a growing view in the markets that the ... ...Mon 24th January 2011 - 08:11pm
Gillard facing tough choice on flood levy
Prime Minister Julia Gillard has acknowledged there will be complaints about the Governments response to the floods. Ms Gillard has warned the Government may impose a temporary levy to help pay for ... ...Mon 24th January 2011 - 08:11pm
Spain says banks need €20 billion
Spain said on Monday its banks will need 20 billion euros A27.58 billion in new capital to meet new reserve requirements aimed at strengthening their finances.Finance Minister Elena Salgado said said ... ...Mon 24th January 2011 - 07:39pm
Gillard facing tough choice on flood levy
The Prime Minister Julia Gillard has acknowledged there will be complaints about the Governments response to the floods. Ms Gillard has warned the Government may impose a temporary levy to help pay ... ...Mon 24th January 2011 - 07:05pm
IMF lifts 2011 growth forecast to 4.75pc
The International Monetary Fund has increased its forecast for world growth this year to just under 4.75 per cent- a senior IMF official said on Monday- with emerging economies doing much of the work.The ... ...Mon 24th January 2011 - 06:51pm
Gillard facing tough choice on flood levy
The Prime Minister Julia Gillard has acknowledged there will be complaints about the Governments response to the floods. Ms Gillard has warned the Government may impose a temporary levy to help pay ... ...Mon 24th January 2011 - 02:52pm
Gillard facing tough choice on flood levy
The Prime Minister Julia Gillard has acknowledged there will be complaints about the Governments response to the floods. Ms Gillard has warned the Government may impose a temporary levy to help pay ... ...Mon 24th January 2011 - 02:47pm
Gillard wont be swayed on flood levy
The Prime Minister Julia Gillard has acknowledged there will be complaints about the Governments response to the floods. Ms Gillard has warned the Government may impose a temporary levy to help pay ... ...Mon 24th January 2011 - 02:10pm
World jobless rate stuck at record high- ILO
The International Labour Organisation warned Monday that the global economic recovery was not translating into jobs as world unemployment remained at a record 205 million for 2010.Despite a sharp ... ...Mon 24th January 2011 - 01:47pm
Spain to allow partial takeover of troubled lenders
Spain will change regulations to allow the partial takeover of its weakest lenders and require all banks to bolster the amount of capital they hold to shore up confidence in its financial system- Economy ... ...Mon 24th January 2011 - 12:54pm
Transocean files last appeal on Swiss dividend freeze
Offshore drilling group Transocean said Monday that it had filed an appeal with Switzerlands supreme court in an attempt to unlock dividend payments to its shareholders.The move by the owner of the ... ...Mon 24th January 2011 - 12:07pm
Twitter 2011 ad revenue estimated at 150 million
Microblogging sensation Twitter is expected to rake in 150 million in advertising revenue this year- according to a study published Monday.The study- by digital research firm eMarketer- said ad spending ... ...Mon 24th January 2011 - 11:33am
Oil prices fall amid chatter on OPEC output hike
World oil prices fell Monday after OPEC kingpin Saudi Arabia said the cartel may raise its crude output to meet an increase in demand this year.New Yorks main contract- light sweet crude for delivery ... ...Mon 24th January 2011 - 10:55am
Spain to allow partial takeover of troubled lenders
Spain will change regulations to allow the partial takeover of its weakest lenders and require all banks to bolster the amount of capital they hold to shore up confidence in its financial system- Economy ... ...Mon 24th January 2011 - 10:17am
Toyota top global carmaker of 2010
Toyota sold 8.42 million vehicles globally in 2010- remaining the worlds top automaker for the third year straight despite recall woes in the key North American market.General Motors also released ... ...Mon 24th January 2011 - 10:05am
Chinese banking giant ICBC opens branch in Spain
Chinese bank ICBC- the worlds largest by market value- opened its first branch in Spain on Monday as part of an expansion in Europe that has highlighted Beijings growing global influence.The ... ...Mon 24th January 2011 - 10:00am
Philips 2010 profits triple- led by emerging markets
Dutch electronics giant Philips reported Monday a more than three-fold rise in net income for 2010 due to increased emerging market sales.Net profit for the year was 1.45 billion euros 1.96 billion- ... ...Mon 24th January 2011 - 09:44am
New airline IAG worth 6.1 billion pounds on market debut
International Airlines Group- formed via the merger of British Airways and Iberia of Spain- made its stock market debut on Monday at a valuation of £6.1 billion 7.2 billion euros- 9.7 billion.IAGs ... ...Mon 24th January 2011 - 09:28am
Spain to require all banks to raise capital ratio
Spain will require all its banks to increase their core capital ratio to 8.0 percent to give them a bigger cushion against economic difficulties and boost confidence in the nations financial system- ... ...Mon 24th January 2011 - 09:16am
Hockey ramps up fight against flood levy
The Federal Opposition is intensifying its campaign against a flood levy to pay for the Queensland flood crisis.The Government is still working out how to pay for its share of the rebuilding cost- while ... ...Mon 24th January 2011 - 08:13am
Hockey ramps up fight against flood levy
The Federal Opposition is intensifying its campaign against a flood levy to pay for the Queensland flood crisis.The Government is still working out how to pay for its share of the rebuilding cost- while ... ...Mon 24th January 2011 - 08:11am
Discounting to hit Woolworths profit rise
Discounting across all businesses has forced Woolworths Ltd to lower profit guidance by three percentage points for 2010-11- despite more customers walking into the countrys biggest grocer.Woolworths ... ...Mon 24th January 2011 - 08:04am
Hockey ramps up fight against flood levy
The Federal Opposition is intensifying its campaign against a flood levy to pay for the Queensland flood crisis.The Government is still working out how to pay for its share of the rebuilding cost- while ... ...Mon 24th January 2011 - 08:00am
Discounting to hit Woolworths profit rise
Discounting across all businesses has forced Woolworths Ltd to lower profit guidance by three percentage points for 2010-11- despite more customers walking into the countrys biggest grocer.Woolworths ... ...Mon 24th January 2011 - 07:47am
US to sell final Citigroup holding Tuesday
The US government plans to sell its last holding in rescued banking giant Citigroup- the Treasury Department said Monday.The Treasury said it would hold a one-day public auction Tuesday of its remaining ... ...Mon 24th January 2011 - 07:20am
Sanofi extends Genzyme offer again
French pharmaceutical giant Sanofi-Aventis said Monday it had extended a second time its bid for US biotechnology group Genzyme without improving its offer as the two sides continue negotiations.Sanofi ... ...Mon 24th January 2011 - 07:19am
Big business offers more flood recovery help
Federal Treasurer Wayne Swan says business leaders have promised to deliver more in-kind support to the Queensland flood recovery effort. He chaired the first meeting of a business taskforce in Brisbane ... ...Mon 24th January 2011 - 07:07am
Big business offers more flood recovery help
Federal Treasurer Wayne Swan says business leaders have promised to deliver more in-kind support to the Queensland flood recovery effort. He chaired the first meeting of a business taskforce in Brisbane ... ...Mon 24th January 2011 - 07:03am
Australia shares up 0.6 as banks boosted by CPI- rate outlook
MARKETS-AUSTRALIA-STOCKS UPDATE 5-Australia shares up 0.6 as banks boosted by CPI- rate outlook ...Mon 24th January 2011 - 06:10am
Bickering dominates power sell-off inquiry
A parliamentary inquiry into the New South Wales Governments controversial deal to sell off the states electricity assets erupted into political bickering today.The states election is just ... ...Mon 24th January 2011 - 06:10am
Big business offers more flood recovery help
Federal Treasurer Wayne Swan says business leaders have promised to deliver more in-kind support to the Queensland flood recovery effort. He chaired the first meeting of a business taskforce in Brisbane ... ...Mon 24th January 2011 - 06:07am
Floods dont justify food price hikes
The peak body for vegetable growers says big retailers should not use recent floods as an excuse to raise prices or import more fresh produce from overseas.Widespread flooding has damaged farming land ... ...Mon 24th January 2011 - 06:05am
Floods dont justify food price hikes
The peak body for vegetable growers says big retailers should not use recent floods as an excuse to raise prices or import more fresh produce from overseas.Widespread flooding has damaged farming land ... ...Mon 24th January 2011 - 06:03am
Bickering dominates power sell-off inquiry
A parliamentary inquiry into the New South Wales Governments controversial deal to sell off the states electricity assets erupted into political bickering today.The states election is just ... ...Mon 24th January 2011 - 06:00am
Riversdale unaware of bids to rival Rio
Takeover target Riversdale Mining Ltd says its unaware of any plans for a rival bid to try and trump a 3.9 billion move from Rio Tinto Ltd.Riversdale owns the Benga coal project- in Mozambique- which ... ...Mon 24th January 2011 - 05:37am
Australia shares up 0.6 as banks- Rio gain Woolworths down
MARKETS-AUSTRALIA-STOCKS UPDATE 4-Australia shares up 0.6 as banks- Rio gain Woolworths down ...Mon 24th January 2011 - 05:20am
McDonalds posts profit rise of 5.0 pct for 2010
U S fast-food giant McDonalds said Monday it served up profits in 2010 fueled by a record 24 billion in sales worldwide.McDonalds said net profit rose to 4.95 billion last year- up 5.0 percent ... ...Mon 24th January 2011 - 05:08am
Oil prices diverge- Saudi says OPEC may raise output
World oil prices diverged on Monday- as OPEC kingpin Saudi Arabia said the cartel may raise its crude output to meet an increase in demand this year.New Yorks main contract- light sweet crude for ... ...Mon 24th January 2011 - 05:03am
Riversdale unaware of bids to rival Rio
Takeover target Riversdale Mining Ltd says its unaware of any plans for a rival bid to try and trump a 3.9 billion move from Rio Tinto Ltd.Riversdale owns the Benga coal project- in Mozambique- which ... ...Mon 24th January 2011 - 04:49am
PPI rises weaker than expected- economists
A strong Australian dollar has hit import prices and may have help keep a lid on inflation in the December quarter- economists say.Producer prices - the prices of goods and services at the factory or farm ... ...Mon 24th January 2011 - 04:46am
Big business can do more for flood recovery
Prime Minister Julia Gillard says more help is needed from the corporate sector to rebuild flooded parts of Queensland.She is in Brisbane for a meeting of the business taskforce she set up- which includes ... ...Mon 24th January 2011 - 04:42am
Big business can do more for flood recovery
Prime Minister Julia Gillard says more help is needed from the corporate sector to rebuild flooded parts of Queensland.She is in Brisbane for a meeting of the business taskforce she set up- which includes ... ...Mon 24th January 2011 - 04:27am
Big business can do more for flood recovery
Prime Minister Julia Gillard says more help is needed from the corporate sector to rebuild flooded parts of Queensland.She is in Brisbane for a meeting of the business taskforce she set up- which includes ... ...Mon 24th January 2011 - 04:19am
Unusual destinations try to lure tourists
Brave a few security problems and trek the mountain ranges of Pakistan- take a vacation in Kuwait where the sand is very- very hot or risk a bit of heli-skiing in Uzbekistan.If you are a tourist ... ...Mon 24th January 2011 - 03:53am
Benga on track- Riversdale says
Takeover target Riversdale Mining Ltd says it is on track to start production at it Benga coal joint venture in 2011.The coal company at the centre of a 3.9 billion takeover bid from Rio Tinto Ltd- said ... ...Mon 24th January 2011 - 03:35am
Halliburton profit rises 60 to 1.835 bn
US oil services group Halliburton said Monday its net income rose by 60 percent in 2010 to 1.835 billion- and it expects robust 2011 results due to strong oil demand.Revenue grew by 22 percent in 2010 ... ...Mon 24th January 2011 - 03:27am
Floods dont justify food price hikes
The peak body for vegetable growers says big retailers should not use recent floods as an excuse to raise prices or import more fresh produce from overseas.Widespread flooding has damaged farming land ... ...Mon 24th January 2011 - 03:24am
PPI rises weaker than expected- economists
A fall in import prices may result in a better than expected inflation result.Producer prices - the prices of goods and services at the factory or farm gate - rose 0.1 per cent in the December quarter ... ...Mon 24th January 2011 - 03:20am
Halliburton profit rises 60 to 1.835 bn
US oil services group Halliburton said Monday its net income rose by 60 percent in 2010 to 1.835 billion- and it expects robust 2011 results due to strong oil demand.Revenue grew by 22 percent in 2010 ... ...Mon 24th January 2011 - 03:08am
Big business can do more for flood recovery
Prime Minister Julia Gillard says more help is needed from the corporate sector to rebuild flooded parts of Queensland.She is in Brisbane for a meeting of the business taskforce she set up- which includes ... ...Mon 24th January 2011 - 03:05am
OPEC could hike oil output in 2011- Saudi
The Saudi oil minister said on Monday that OPEC could raise output to meet 2011 demand- forecast to rise by two percent as the world economy recovers- and prices are expected to maintain last years ... ...Mon 24th January 2011 - 03:02am
Big business can do more for flood recovery
Prime Minister Julia Gillard says more help is needed from the corporate sector to rebuild flooded parts of Queensland.She is in Brisbane for a meeting of the business taskforce she set up- which includes ... ...Mon 24th January 2011 - 02:49am
New airline IAG worth £6.1 bln on market debut
International Airlines Group- formed via the merger of British Airways and Iberia of Spain- made its stock market debut on Monday at a valuation of £6.1 billion 7.2 billion euros- 9.7 billion.IAGs ... ...Mon 24th January 2011 - 02:46am
Big business can do more for flood recovery
Prime Minister Julia Gillard says more help is needed from the corporate sector to rebuild flooded parts of Queensland.She is in Brisbane for a meeting of the business taskforce she set up- which includes ... ...Mon 24th January 2011 - 02:41am
Spanish govt presses unions on pension reform
Spains government will push this week for a deal with unions on pension reforms which it intends to present on Friday- the employment ministry said.The countrys two main unions- the UGT and the ... ...Mon 24th January 2011 - 02:35am
Too soon for e-bonds- says French finance minister
Fiscal and economic consolidation of eurozone members is needed before considering bonds backed jointly by the entire single currency area- French Finance Minister Christine Lagarde said Monday.Allowing ... ...Mon 24th January 2011 - 02:33am
European stocks mostly fall
European stock markets mostly fell Monday as earnings from Dutch electronics group Philips disappointed traders- who also looked ahead to key economic data releases from both sides of the Atlantic.Londons ... ...Mon 24th January 2011 - 02:32am
Legal action against ABC Learning begins
Hundreds of investors seeking more than 100 million have started the first stage of a class action lawsuit against collapsed childcare provider ABC Learning.Law firm Maurice Blackburn is seeking a court ... ...Mon 24th January 2011 - 02:32am
Big business can do more for flood recovery
Prime Minister Julia Gillard says more help is needed from the corporate sector to rebuild flooded parts of Queensland.She is in Brisbane for a meeting of the business taskforce she set up- which includes ... ...Mon 24th January 2011 - 02:13am
Wholesale inflation comes in below forecasts
The prices businesses pay for goods and services increased by less than expected during the December quarter.Figures from the Bureau of Statistics show the producer price index rose 0.1 per cent in the ... ...Mon 24th January 2011 - 02:10am
Big business can do more for flood recovery
Prime Minister Julia Gillard says more help is needed from the corporate sector to rebuild flooded parts of Queensland.She is in Brisbane for a meeting of the business taskforce she set up- which includes ... ...Mon 24th January 2011 - 02:08am
Australia shares up 0.2 pct Karoon Gas slides
MARKETS-AUSTRALIA-STOCKS UPDATE 3-Australia shares up 0.2 pct Karoon Gas slides ...Mon 24th January 2011 - 02:03am
Too soon for e-bonds- says French finance minister
Fiscal and economic consolidation of eurozone members is needed before considering bonds backed jointly by the entire single currency area- French Finance Minister Christine Lagarde said Monday.Allowing ... ...Mon 24th January 2011 - 01:53am
Australian houses among worlds most expensive
An international house price survey has found homes in Australia are the most unaffordable in the English-speaking world. The Demographia International Housing Affordability Survey puts Sydney- Perth- ... ...Mon 24th January 2011 - 01:51am
Worlds largest coral farm proposed for Karratha
A coral farm in Karratha is set to undergo a 20 million upgrade to make it the largest marine production facility in the world.Australian Coral Farms currently sends 70 per cent of its product from Karratha ... ...Mon 24th January 2011 - 01:38am
OPEC could hike oil output in 2011- Saudi
The Saudi oil minister said on Monday that OPEC could raise output to meet 2011 demand- forecast to rise by two percent as the world economy recovers- and prices are expected to maintain last years ... ...Mon 24th January 2011 - 01:37am
Euro drops after two-month dollar high
The euro fell Monday on profit-taking- after briefly reaching a two-month high against the dollar thanks to growing optimism over the European debt crisis- traders said.In London morning trade- the shared ... ...Mon 24th January 2011 - 01:36am
Oprah specials prompt bookings spike- Tourism Australia
Tourism Australia TA says Oprah Winfreys TV specials have already had an immediate effect on booking numbers- now that all four episodes have been broadcast.The show has aired in the United States ... ...Mon 24th January 2011 - 01:35am
Woolworths cuts profit forecast after floods
An uncertain marketplace and the impact of flooding in the eastern states of Australia has forced Woolworths to downgrade its full-year profit outlook.Warning of a tough sales environment- the supermarket ... ...Mon 24th January 2011 - 01:26am
Woolworths cuts profit forecast after floods
An uncertain marketplace and the impact of flooding in the eastern states of Australia has forced Woolworths to downgrade its full-year profit outlook.Warning of a tough sales environment- the supermarket ... ...Mon 24th January 2011 - 01:25am
PPI rises weaker than expected- economists
A fall in import prices may result in a better than expected inflation result.Producer prices - the prices of goods and services at the factory or farm gate - rose 0.1 per cent in the December quarter ... ...Mon 24th January 2011 - 01:13am
Inquiry into flooding of underground coal mine
Mining company Anglo American says it is investigating what caused water to inundate part of an underground coal mine near Middlemount- north-west of Rockhampton in central Queensland.The Construction- ... ...Mon 24th January 2011 - 01:09am
PPI rises weaker than expected
A fall in import prices may result in a better than expected inflation result.Producer prices - the prices of goods and services at the factory or farm gate - rose 0.1 per cent in the December quarter ... ...Mon 24th January 2011 - 01:08am
Consumers to pay for flood farm damage
Australias big supermarkets may be forced to import more fruit and vegetables to keep prices down as the agriculture sector struggles with the impact of devastating floods.The Federal Government is ... ...Mon 24th January 2011 - 12:57am
Australia shares inch up profit warning dents Woolworths
MARKETS-AUSTRALIA-STOCKS UPDATE 2-Australia shares inch up profit warning dents Woolworths ...Mon 24th January 2011 - 12:44am
Toyota beats GM to end 2010 as biggest automaker
Toyota said Monday its group sales in 2010 rose- enabling the firm to narrowly retain its title as the worlds biggest automaker despite a global safety crisis that damaged its brand image.But analysts ... ...Mon 24th January 2011 - 12:43am
Producer price index up 0.1 in Dec qtr
Australias producer price index at the final stage of production rose 0.1 per cent in the December quarter- for an annual rise of 2.7 per cent.That compared with a 1.3 per cent rise in the September ... ...Mon 24th January 2011 - 12:38am
Oil prices dip as Saudi says OPEC may raise output
World oil prices fell slightly on Monday- as OPEC kingpin Saudi Arabia said the cartel may raise its crude output to meet an increase in demand this year.New Yorks main contract- light sweet crude ... ...Mon 24th January 2011 - 12:37am
Australian houses among worlds most expensive
An international house price survey has found homes in Australia are the most unaffordable in the English-speaking world. The Demographia International Housing Affordability Survey puts Sydney- Perth- ... ...Mon 24th January 2011 - 12:36am
Australian houses among worlds most expensive
An international house price survey has found homes in Australia are the most unaffordable in the English-speaking world. The Demographia International Housing Affordability Survey puts Sydney- Perth- ... ...Mon 24th January 2011 - 12:33am
Aust final PPI rose 0.1 in Dec qtr
Australias producer price index at the final stage of production rose 0.1 per cent in the December quarter- for an annual rise of 2.7 per cent.That compared with a 1.3 per cent rise in the September ... ...Mon 24th January 2011 - 12:32am
OFarrell stays mum on energy plans
New South Wales Opposition Leader Barry OFarrell has appeared before an Upper House inquiry into the sale of electricity assets.Mr OFarrell spoke for 15 minutes in his opening address to the ... ...Mon 24th January 2011 - 12:31am
Australian houses among worlds most expensive
An international house price survey has found homes in Australia are the most unaffordable in the English-speaking world. The Demographia International Housing Affordability Survey puts Sydney- Perth- ... ...Mon 24th January 2011 - 12:27am
Woolworths downgrades guidance
Woolworths Ltd downgraded its half year and full year earnings guidance for 2010-11 after reporting a 3.8 per cent rise in first half sales to 25.3 billion excluding petrol.The giant grocer said lower ... ...Mon 24th January 2011 - 12:23am
Qld flood claims more than 1b
Insurers say they have received more than 1 billion worth of claims from Queensland flood victims.The Insurance Council of Australia ICA say more than 31-000 claims worth 1.2 billion have been lodged.Around ... ...Mon 24th January 2011 - 12:20am
OFarrell stays mum on energy plans
New South Wales Opposition Leader Barry OFarrell has been grilled about his energy plans at an Upper House inquiry into the sale of state electricity assets.Mr OFarrell spoke for 15 minutes in ... ...Mon 24th January 2011 - 12:15am
Woolworths downgrades guidance
Woolworths Ltd downgraded its half year and full year earnings guidance for 2010-11 after reporting a 3.8 per cent rise in first half sales to 25.3 billion excluding petrol.The giant grocer said lower ... ...Mon 24th January 2011 - 12:14am
Loggers confident peace deal on track
The Forest Contractors Association is confident the resignation of David Bartlett will not disrupt Tasmanias forestry peace deal process.The associations Ed Vincent says it is unfortunate the ... ...Mon 24th January 2011 - 12:11am
Woolworths downgrades guidance
Woolworths Ltd downgraded its half year and full year earnings guidance for 2010-11 after reporting a 3.8 per cent rise in first half sales to 25.3 billion excluding petrol.The giant grocer said lower ... ...Mon 24th January 2011 - 12:07am
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