Finance News, Thursday 10th February 2011
No debt problem- says Stevens
Reserve Bank governor Glenn Stevens does not believe that Australia has a debt problem and that is not the reason why interest rates have been rising.Under questioning from Liberal MP Steven Ciobo during ... ...Thu 10th February 2011 - 11:57pm
Freeway closed over landslide threat
The Princes Freeway has been closed indefinitely near Morwell- in eastern Victoria- because of fears of the threat of a landslide at the Hazelwood coal mine.Cracks have been detected in the road surface. ... ...Thu 10th February 2011 - 11:54pm
IMF ignored crisis warnings- watchdog finds
The International Monetary Fund IMF has been slammed by its own watchdog- the Independent Evaluation Office- for failing to predict the global financial crisis.In a report- the watchdog says the IMF ... ...Thu 10th February 2011 - 11:53pm
Bank competition lowered rates margins
Competition in the banking sector had reduced the margins of interest rates in the past two decades- RBA governor says.If we look at banks overall margins- the long run story is that they were ... ...Thu 10th February 2011 - 11:52pm
Aust household debt high- RBA says
Australias level of household debt is high compared to other developed countries- Reserve Bank of Australia RBA governor Glenn Stevens has told a parliamentary committee.Mr Stevens was asked about ... ...Thu 10th February 2011 - 11:51pm
Transfield adds to NSW government contract
Transfield Services Ltd has expanded a long-running contract to clean public schools and TAFE colleges in NSW- adding 540 million in value.A new five-year contract will see Transfield carry out facilities ... ...Thu 10th February 2011 - 11:49pm
Yahoo to open tablet newsstand
Yahoo is creating a digital newsstand for computer tablets and other mobile devices and will let readers choose packages of news on sports- finance and other topics.The content will be come from Yahoos ... ...Thu 10th February 2011 - 11:34pm
Forestry dismisses road claim
Conservationists in Tasmania claim more forests are being logged ahead of the moratorium thats due on March 15The moratorium is part of the recently announced forest peace agreement.The Huon Valley ... ...Thu 10th February 2011 - 11:26pm
Interest rates where they should be- RBA
Interest rates are around where they should be as the economy experiences a rare terms of trade bonanza- RBA governor Glenn Stevens says.Mr Stevens said lending rate for borrowers were slightly higher ... ...Thu 10th February 2011 - 11:25pm
Interest rates where they should be - RBA
Interest rates are around where they should be as the economy experiences a rare terms of trade bonanza- RBA governor Glenn Stevens says.Mr Stevens said lending rate for borrowers were slightly higher ... ...Thu 10th February 2011 - 11:22pm
World economy growing stronger- RBA says
Reserve Bank of Australia governor Glenn Stevens says the global economy continues to grow and looks a little stronger than it did late last year.Facing the House of Representatives economic committee ... ...Thu 10th February 2011 - 11:21pm
Australia shares slip 0.2 pct Rio falters
MARKETS-AUSTRALIA-STOCKS UPDATE 1-Australia shares slip 0.2 pct Rio falters ...Thu 10th February 2011 - 11:20pm
Nov rate rise was right decision- RBA says
If the central bank did not raise the cash rate in November then an increase would have been inevitable in December or February- Reserve Bank of Australia RBA governor Glenn Stevens has told a parliamentary ... ...Thu 10th February 2011 - 11:17pm
Carmakers encouraging dangerous driving
Australias peak body on road safety is calling for a massive rethink on how to cut the death and injury rates from road crashes.The National Road Safety Council has devised a range of measures which ... ...Thu 10th February 2011 - 11:14pm
World economy growing stronger- RBA says
Reserve Bank of Australia governor Glenn Stevens says the global economy continues to grow and looks a little stronger than it did late last year.Facing the House of Representatives economic committee ... ...Thu 10th February 2011 - 11:04pm
Carmakers encouraging dangerous driving
Australias peak body on road safety is calling for a massive rethink on the how to cut the death and injury rates from road crashes.The National Road Safety Council has devised a range of measures ... ...Thu 10th February 2011 - 11:03pm
World economy growing stronger- RBA says
Reserve Bank of Australia governor Glenn Stevens says the global economy continues to grow and looks a little stronger than it did late last year.Facing the House of Representatives economic committee ... ...Thu 10th February 2011 - 10:55pm
ACCC clears way for Crane Group takeover
New Zealands Fletcher Building Ltd says the competition watchdog has approved its 797 million takeover of plumbing supplies company Crane Group Ltd.Approval from the Australian Competition and Consumer ... ...Thu 10th February 2011 - 10:49pm
Mine water discharge laws unrealistic
The Queensland Resources Council QRC says changes must be made to laws that govern the discharge of mine water into the Fitzroy Basin in the states central region.A total of 20 mines- which account ... ...Thu 10th February 2011 - 10:31pm
Newcrest boosts net profit
Australias biggest gold miner Newcrest Mining Ltd has more than doubled its first half net profit as it achieved record gold production.Newcrest Minings board also announced on Friday that managing ... ...Thu 10th February 2011 - 10:29pm
Coal seam gas wells back on track after floods
Major coal seam gas CSG companies in southern Queenslands Surat Basin say production is ramping up after the recent floods.Southern Queenslands floods cut off many of the regions gas wells ... ...Thu 10th February 2011 - 10:20pm
Newcrest boosts net profit
Australias biggest gold miner Newcrest Mining Ltd has more than doubled its first half net profit as it achieved record gold production.Newcrest Minings board also announced on Friday that managing ... ...Thu 10th February 2011 - 10:14pm
Babinda discusses towns survival amid sugar mill closure
Community leaders in Babinda- south of Cairns in far north Queensland- say they are considering ways to attract new industries to the town after its sugar mill closes.The owners of the Babinda mill say ... ...Thu 10th February 2011 - 10:02pm
Babinda discusses towns survival amid sugar mill closure
Community leaders in Babinda- south of Cairns in far north Queensland- say they are considering ways to attract new industries to the town after its sugar mill closes.The owners of the Babinda mill say ... ...Thu 10th February 2011 - 09:49pm
Freeway closed over landslide threat
The Princes Freeway has been closed indefinitely near Morwell- in eastern Victoria- because of fears of the threat of a landslide at the Hazelwood coal mine.Cracks have been detected in the road surface. ... ...Thu 10th February 2011 - 09:46pm
Kurri smelter in talks about new power contract
Management at the Hydro Aluminium smelter at Kurri Kurri- in the Hunter- have begun talks with Macquarie Generation on a new power contract- amid concern for the plants future. Hydros managing ... ...Thu 10th February 2011 - 09:41pm
GPG to sell down assets
Guinness Peat Group is planning an initial capital return to shareholders of at least STG75 million A119.4 million in the 2011 calendar year- as it starts an orderly sell down of its assets.In a strategy ... ...Thu 10th February 2011 - 09:38pm
Australia shares seen weaker after 7 days of gains
MARKETS-AUSTRALIA-STOCKS-Australia shares seen weaker after 7 days of gains ...Thu 10th February 2011 - 09:25pm
Wall St dips on profit taking
Stocks have retreated overnight on Wall Street- snapping an eight-day rally with investors continuing to take profits.However the market losses were slightly pared by investor bargain hunting.The Dow Jones ... ...Thu 10th February 2011 - 09:22pm
Telecoms half-year ebitda slips 0.5 pct
Telecom is reporting a 0.5 per cent fall in adjusted half year earnings before interest- tax- depreciation and amortisation ebitda to NZ 868 million A6 64.93 million.Adjusted revenue for the six ... ...Thu 10th February 2011 - 09:21pm
Freeway closed over landslide threat
The Princes Freeway has been closed indefinitely near Morwell- in eastern Victoria- because of fears of the threat of a landslide at the Hazelwood coal mine.Cracks have been detected in the road surface. ... ...Thu 10th February 2011 - 09:05pm
Freeway closed over landslide threat
The Princes Freeway has been closed indefinitely near Morwell- in eastern Victoria- because of fears of possible landslides at the Hazelwood coal mine.The north side of the mine- adjacent to the highway- ... ...Thu 10th February 2011 - 08:51pm
Legal eagle wins whiskey bird battle
A Brisbane lawyer has won a patent case after a 10-year legal saga spanning 50 countries- with the Federal Court ruling that wild geese and wild turkeys are not really birds of a feather.Brisbane ... ...Thu 10th February 2011 - 08:45pm
Global stock market operators gather force
Merger mania gripped financial markets on Wednesday as the London and Toronto stock exchanges announced a tie-up and Deutsche Boerse and NYSE Euronext envisioned the worlds largest bourse.Equity markets ... ...Thu 10th February 2011 - 08:33pm
Yahoo to open tablet newsstand
Yahoo is creating a digital newsstand for computer tablets and other mobile devices and will let readers choose packages of news on sports- finance and other topics.The content will be come from Yahoos ... ...Thu 10th February 2011 - 08:31pm
Google- Facebook consider buying Twitter
Google and Facebook have both held low-level talks with Twitter about purchasing the social networking service- according to a report.The talks have valued Twitter at US8 billion A7.9 billion to US10 ... ...Thu 10th February 2011 - 08:31pm
Telecom half year ebitda down 0.5 pct
New Zealand Telecom is reporting a 0.5 per cent fall in adjusted half year earnings before interest- tax- depreciation and amortisation to NZ868 million A664.93 million.Adjusted revenue for the six ... ...Thu 10th February 2011 - 08:25pm
US budget gap widens to 49.8 bn
The US budget deficit in January was US49.8 billion A49.44 billion- a 16.8 per cent rise from a year earlier but less than had been expected- the Treasury Department reported on Thursday.The number ... ...Thu 10th February 2011 - 08:21pm
New US jobless claims tumble to 2-year low
The number of new claims for US unemployment insurance tumbled last week to a two-year low- according to official data on Thursday- offering hope for the troubled labour market.The Labor Department said ... ...Thu 10th February 2011 - 06:38pm
Google- Facebook consider buying Twitter
Google and Facebook have both held low-level talks with Twitter about purchasing the social networking service- according to a report.The talks have valued Twitter at US8 billion A7.9 billion to US10 ... ...Thu 10th February 2011 - 05:31pm
IMF chief backs bigger role for yuan
International Monetary Fund chief Dominique Strauss-Kahn has proposed expanding the IMFs basket of currencies to include Chinas yuan- in a move he said would promote monetary stability.Strauss-Kahn- ... ...Thu 10th February 2011 - 04:11pm
Turnbull doubts NBN will ever get finished
Federal Opposition communications spokesman Malcolm Turnbull says he does not believe the National Broadband Network NBN will ever be completed. Telstra and the NBN Co have agreed on key commercial terms ... ...Thu 10th February 2011 - 02:13pm
Flannery insists climate body is independent
The head of the Federal Governments new Climate Change Commission says he is saddened by the Oppositions response to the body.Scientist Tim Flannery has been chosen to chair the commission- which ... ...Thu 10th February 2011 - 01:36pm
Flannery insists climate body is independent
The head of the Federal Governments new Climate Change Commission says he is saddened by the Oppositions response to the body.Scientist Tim Flannery has been chosen to chair the commission- which ... ...Thu 10th February 2011 - 01:34pm
Ford slashes debt by 3 billion
Ford announced plans Thursday to slash its debt by nearly three billion dollars by redeeming securities for cash and stock as it works to regain its investment-grade credit rating.The redemption comes ... ...Thu 10th February 2011 - 12:32pm
IMF chief urges global monetary reform
IMF chief Dominique Strauss-Kahn on Thursday said the currencies of China and other emerging economies should play a greater role in global finance- as part of a bid to promote monetary stability.Strauss-Kahn- ... ...Thu 10th February 2011 - 12:22pm
Boeing- EADS submit final bids for US tanker deal
US aerospace giant Boeing and European rival EADS said Thursday they were submitting their final bids to the US Air Force for a hotly contested- 35 billion aerial refueling tanker contract.After nearly ... ...Thu 10th February 2011 - 11:11am
LOreal confident after sales rebound
LOreal- the worlds largest cosmetics maker- enjoyed strong sales growth last year- helping net profits hit 2.24 billion euros- and building confidence for 2011- the French group said Thursday.In ... ...Thu 10th February 2011 - 10:09am
IMF chief urges global monetary reform
IMF chief Dominique Strauss-Kahn on Thursday suggested the currencies of China and other emerging economies should be added to its reserve asset to promote stability in the global monetary system.Strauss-Kahn- ... ...Thu 10th February 2011 - 10:07am
Yahoo- joins tablet craze with digital newsstand
Yahoo- is building a digital newsstand called Livestand that will turn tablet computers into personalized magazines rich with stories- images and video suited to individual tastes.Livestand ... ...Thu 10th February 2011 - 09:36am
Labor rejects probe into milk price war
Federal Agriculture Minister Joe Ludwig says the cheaper price of milk is not necessarily occurring at farmers expense.The Australian Dairy Farmers organisation has launched a campaign calling on ... ...Thu 10th February 2011 - 09:33am
Boeing makes aggressive bid for US tanker deal
The head of Boeing said Thursday that the US aerospace giant was submitting a revised final bid for a huge military aerial refueling contract- an aggressive attempt to beat its subsidized ... ...Thu 10th February 2011 - 09:31am
Labor rejects probe into milk price war
Federal Agriculture Minister Joe Ludwig says the cheaper price of milk is not necessarily occurring at farmers expense.The Australian Dairy Farmers organisation has launched a campaign calling on ... ...Thu 10th February 2011 - 09:22am
Ferrari enjoyed record year in 2010
Italian sports car maker Ferrari said Thursday that 2010 was an exceptional year with a record number of vehicles sold thanks to a boom in Asia and the recovery of the US market.Last year- ... ...Thu 10th February 2011 - 09:05am
IMF chief urges global monetary reform
International Monetary Fund chief Dominique Strauss-Kahn on Thursday urged reform of the international monetary system- saying an expanded role for the IMFs special currency could promote stability.Strauss-Kahn ... ...Thu 10th February 2011 - 08:59am
2011 growth- inflation tipped to rise- ECB survey finds
The European Central Bank unveiled Thursday analysts forecasts for eurozone inflation and growth rates which suggest its own predictions could be revised upwards.The ECB is to release quarterly forecasts ... ...Thu 10th February 2011 - 08:57am
New hurdle for BP-Rosneft deal
A contested tie-up between BP and Russian counterpart Rosneft hit a new hurdle Thursday when an arbitration tribunal extended an injunction on the deal until a fresh hearing next month.The injunction was ... ...Thu 10th February 2011 - 08:52am
Rolls-Royce A380 engine issues hit profit
Rolls-Royce has taken a hit of STG56 million A89.14 million due to safety issues with the Trent 900 engine used to power the Airbus A380 superjumbo.The fallout partly impacted the groups annual ... ...Thu 10th February 2011 - 08:36am
Prada sales beat forecast of 2 bn euros
Italian luxury fashion group Prada said Thursday its 2010 sales topped its target of two billion euros 2.72 billion on the back of soaring business in Asia where it is about to launch its first public ... ...Thu 10th February 2011 - 08:28am
Daimler hit by EADS insider trading charges- source
French judges are charging the German auto giant Daimler in an insider trading scandal centring on the European defence group EADS- a judicial official told AFP on Thursday.Investigating judges are charging ... ...Thu 10th February 2011 - 08:16am
Bank of England holds rates despite inflation jitters
The Bank of England held British interest rates at a record low on Thursday in the face of a fragile economic recovery despite mounting concern that inflation could soon shoot above 5.0 percent.The central ... ...Thu 10th February 2011 - 08:11am
Rio earnings triple on metal prices
Rio Tinto Ltd has beat expectations with a near US10 billion A9.93 billion leap in annual earnings due to strong prices for its key products of iron ore and copper.The global mining giant unveiled ... ...Thu 10th February 2011 - 07:39am
New US jobless claims tumble to 2-year low
The number of new claims for US unemployment insurance tumbled last week to a two-year low- according to official data Thursday- offering hope for the troubled labor market.The Labor Department said initial ... ...Thu 10th February 2011 - 07:31am
Rio earnings triple on metal prices
Rio Tinto Ltd has beat expectations with a near US10 billion A9.93 billion leap in annual earnings due to strong prices for its key products of iron ore and copper.The global mining giant unveiled ... ...Thu 10th February 2011 - 07:10am
Disasters fail to shake economys strength
The latest jobs figures highlight the fundamental strength of the economy- despite the impact of this summers floods- Treasurer Wayne Swan says.But economists say it will also keep the Reserve Bank ... ...Thu 10th February 2011 - 07:08am
Disasters fail to shake economys strength
The latest jobs figures highlight the fundamental strength of the economy- despite the impact of this summers floods- Treasurer Wayne Swan says.But economists say it will also keep the Reserve Bank ... ...Thu 10th February 2011 - 06:40am
Rio earnings triple on metal prices
Rio Tinto Ltd beat expectations with a near US10 billion A9.93 billion leap in annual earnings due to strong prices for its key products of iron ore and copper.The global mining giant unveiled its ... ...Thu 10th February 2011 - 06:38am
Dubais Emaar net profits up 31 in 2010
Giant Dubai developer Emaar Properties posted net profits of 3.034 billion dirhams 826 million for 2010- up 31 percent on 2009- it said on Thursday- though fourth-quarter profits fell compared to 2009.Emaar ... ...Thu 10th February 2011 - 06:36am
Ryanair shows students how to pack a suitcase
Irish budget airline Ryanair- which last week threw Belgian students off a flight following a heated argument over a luggage fee- on Thursday offered a tongue-in-cheek video demonstrating how to pack a ... ...Thu 10th February 2011 - 06:22am
Australia shares close 0.2 pct firmer ASX leads
MARKETS-AUSTRALIA-STOCKS UPDATE 3-Australia shares close 0.2 pct firmer ASX leads ...Thu 10th February 2011 - 06:18am
Newspaper circulation continues to fall
Australian newspaper circulation continued to decline in the December quarter but at a slower pace than in previous months.The latest Audit Bureau of Circulation figures showed Monday to Saturday newspaper ... ...Thu 10th February 2011 - 06:18am
Local shares defy weak offshore lead
Optimism among investors helped the local market edge higher- defying a weak session on Wall Street.Market analysts say the market showed impressive resilience. After US markets paused for breath ... ...Thu 10th February 2011 - 06:14am
Rio earnings jump 194pct to US14.3b
Rio Tinto Ltd has beat expectations with a near US10 billion A9.93 billion leap in annual earnings due to strong prices for its key products of iron ore and copper.The global mining giant unveiled ... ...Thu 10th February 2011 - 06:13am
Guinness maker Diageo profits up but trading tough
Diageo- the worlds biggest producer of alcoholic drinks- posted an 18-percent rise in first-half net profits on Thursday- but warned of tough trading conditions in Europe.Net profits leapt to £1.194 ... ...Thu 10th February 2011 - 06:09am
IMF chief backs bigger role for Chinas yuan
International Monetary Fund chief Dominique Strauss-Kahn on Thursday proposed expanding the IMFs basket of currencies to include Chinas yuan- in a move he said would promote monetary stability.Strauss-Kahn- ... ...Thu 10th February 2011 - 06:01am
Real Madrid top football club rich list yet again
Real Madrid may be trailing their arch-rivals Barcelona in La Liga but financially they still have the edge on their old foes after topping the table of the worlds 20 richest football clubs- compiled ... ...Thu 10th February 2011 - 05:57am
Eurozone growth- inflation tipped to rise in 2011
The European Central Bank unveiled Thursday analysts forecasts for eurozone inflation and growth rates which suggest its own predictions could be revised upwards.The ECB is to release quarterly forecasts ... ...Thu 10th February 2011 - 05:46am
Power sell-off uncertainty risking jobs- inquiry hears
An inquiry into the New South Wales Governments power sell-off has been told uncertainty over the deal is putting at risk hundreds of jobs and millions of dollars of investment.Hydro Aluminium- one ... ...Thu 10th February 2011 - 05:46am
US stocks off on earnings disappointment
US stocks opened down Thursday as an unimpressive earnings from several companies including Cisco offset new data that reinforced the view that the jobs market is steadily improving.Fifteen minutes into ... ...Thu 10th February 2011 - 05:41am
Transurban soars and falls on H1 result
Australias largest toll road operator- Transurban Group- has reported a 40.3 per cent rise in first half net profit as it cut costs and grew toll revenue by 15.4 per cent across its portfolio.But ... ...Thu 10th February 2011 - 05:35am
AAco says positioned to grow profit
Beef producer Australian Agricultural Company Ltd AAco says its well positioned to grow profits in 2011 after a big turnaround in 2010.AAco on Thursday reported full year net profit of 904-000 ... ...Thu 10th February 2011 - 05:33am
Australia shares close 0.2 pct firmer ASX leads
MARKETS-AUSTRALIA-STOCKS UPDATE 3-Australia shares close 0.2 pct firmer ASX leads ...Thu 10th February 2011 - 05:29am
Lavender trails to boost tourism
Australias lavender growing industry is poised to lift its tourism potential.The Australian Lavender Growers Associations wound up its 2011 conference in Launceston- with a commitment to develop ... ...Thu 10th February 2011 - 05:08am
Jobs go online
It appears Tasmanian employers are increasingly turning to the internet to advertise job vacancies.One of Australias major online job-seeking companies- seek.com- says Tasmania recorded a 45 per cent ... ...Thu 10th February 2011 - 05:07am
Jobless rate steady at two-year low of 5
Australias jobless rate stayed steady at its two year low of five per cent in January- despite the economic impact of the Queensland floods.Total employment rose by a seasonally adjusted 24-000 to ... ...Thu 10th February 2011 - 04:29am
Eurozone growth- inflation tipped to rise in 2011
The European Central Bank unveiled Thursday outside eurozone inflation and growth forecasts that suggest its own could both be slightly higher than previously expected this year.The ECB is to release quarterly ... ...Thu 10th February 2011 - 04:25am
AAco says positioned to grow profit
Beef producer Australian Agricultural Company Ltd AAco says its well positioned to grow profits in 2011 after a big turnaround in 2010.AAco on Thursday reported full year net profit of 904-000 ... ...Thu 10th February 2011 - 04:24am
Daimler faces EADS insider trading charges
French judges are charging the German auto giant Daimler in an insider trading scandal centering on the European defence group EADS- a judicial official told AFP on Thursday.Investigating judges are charging ... ...Thu 10th February 2011 - 04:23am
Transurban soars and falls on H1 result
Securities in Australias largest toll road operator soared to their highest level in nearly three months after Transurban Group reported better than expected underlying earnings and grew toll revenue ... ...Thu 10th February 2011 - 04:20am
Daimler faces EADS insider trading charge
French judges are charging German auto giant Daimler in an insider trading scandal centering on the European defence group EADS- a judicial official told AFP on Thursday.Investigating judges are charging ... ...Thu 10th February 2011 - 04:05am
Britain caps bank bonuses
The British government has announced a policy aimed at improving the behaviour of some of the worlds biggest banks.Chancellor George Osborne says it will bring responsibility and restraint to those ... ...Thu 10th February 2011 - 04:04am
Flannery to head climate change commission
Former Australian of the Year Tim Flannery has been chosen to head a new climate change commission which has been set up to build community support for a carbon price.The Federal Government-appointed Commission ... ...Thu 10th February 2011 - 03:54am
Australia facing bedbug invasion
Australians are being warned there is no escape from the bedbugs which are currently staging a jet-setting comeback in hotels on both sides of the Atlantic.After being all but wiped out by banned pesticide ... ...Thu 10th February 2011 - 03:33am
Tablets- smartphones to outsell PCs- Deloitte
Sales of tablets and smartphones will outnumber personal computers this year as consumers begin using a wider variety of devices to access the Internet- according to a study by the Deloitte consulting ... ...Thu 10th February 2011 - 03:32am
Telstra profit down on slumping sales
Slumping sales and higher costs have led Telstra to post a 36 per cent fall in first-half net profit.The telcos first-half profit came in at almost 1.2 billion- down 660 million on the same time ... ...Thu 10th February 2011 - 03:30am
Flannery to head climate change commission
Former Australian of the Year Tim Flannery has been chosen to head a new climate change commission which has been set up to build community support for a carbon price.The Federal Government-appointed Commission ... ...Thu 10th February 2011 - 03:23am
Flannery to head climate change commission
Former Australian of the Year Tim Flannery has been chosen to head a new climate change commission which has been set up to build community support for a carbon price.The Federal Government-appointed Commission ... ...Thu 10th February 2011 - 03:08am
10b coal mine plan moves ahead
Another massive coal mine in Queenslands central west has taken a step forward- with the release of draft terms of reference for an environmental impact study EIS.Adani Mining is proposing the 10 ... ...Thu 10th February 2011 - 03:00am
Energy Agency warns of danger from high oil prices
The global recovery will drive oil prices dangerously higher this year- possibly to the level where they could push the economy into a marked slowdown- the IEA warned Thursday.The prospect of rising inflation- ... ...Thu 10th February 2011 - 02:54am
Telstra profit down on slumping sales
Slumping sales and higher costs have led Telstra to post a 36 per cent fall in first-half net profit.The telcos first-half profit came in at almost 1.2 billion- down 660 million on the same time ... ...Thu 10th February 2011 - 02:49am
Australia facing bedbug invasion
Australians are being warned there is no escape from the bedbugs which are currently staging a jet-setting comeback in hotels on both sides of the Atlantic.After being all but wiped out by banned pesticide ... ...Thu 10th February 2011 - 02:41am
Telstra profit down on slumping sales
Slumping sales and higher costs have led Telstra to post a 36 per cent fall in first-half net profit.The telcos first-half profit came in at almost 1.2 billion- down 660 million on the same time ... ...Thu 10th February 2011 - 02:35am
Gazprom reports weak Q3 as Europe demand slumps
The worlds largest gas firm Gazprom reported a 40-percent rise in nine-month net profits but the results were shadowed by a sharp drop in third quarter earnings resulting from poor European demand.The ... ...Thu 10th February 2011 - 02:25am
Shell be apples- but not Chinese
SA Health has stopped the supply of Chinese apples to an Adelaide public hospital after complaints from staff.The Great Wall apples were being provided at the Lyell McEwin Hospital at Elizabeth in Adelaides ... ...Thu 10th February 2011 - 02:16am
Flannery to helm climate change commission
Former Australian of the Year Tim Flannery has been chosen to head a new climate change commission which has been set up to build community support for a carbon price.The Federal Government-appointed Commission ... ...Thu 10th February 2011 - 02:15am
Shell be apples- but not Chinese
SA Health has stopped the supply of Chinese apples to an Adelaide public hospital after complaints from staff.The Great Wall apples were being provided at the Lyell McEwin Hospital at Elizabeth in Adelaides ... ...Thu 10th February 2011 - 02:14am
Qlds jobless rate falls
Queenslands unemployment rate has fallen unexpectedly from 6 per cent in December to 5.6 per cent last month- seasonally adjusted.The national rate has remained steady at 5 per cent.Figures from the ... ...Thu 10th February 2011 - 02:08am
OPEC hikes 2011 world oil demand forecast
The OPEC oil cartel raised Thursday its 2011 global oil demand growth estimate in view of cold winter weather and a sturdy economic outlook- particularly for the United States and China.The ... ...Thu 10th February 2011 - 01:58am
Plug pulled on Guitar Hero
Activision Blizzard is disbanding the unit that makes its Guitar Hero games- citing declining popularity for music-themed video games.The company- whose first-quarter outlook was below Wall Street expectations- ... ...Thu 10th February 2011 - 01:39am
Unemployment rate steady at 5 per cent
The latest labour force figures from the Australian Bureau of Statistics show 24-000 jobs were created in the month of January- seasonally adjusted - more than the 17-500 expected by most economists.A ... ...Thu 10th February 2011 - 01:38am
Unemployment rate steady at 5 per cent
The latest labour force figures from the Australian Bureau of Statistics show 24-000 jobs were created in the month of January- more than the 17-500 expected by most economists.There was an increase in ... ...Thu 10th February 2011 - 01:35am
RACV advocates airport parking alternatives
VicRoads says the installation of wire barriers along the Tullamarine Freeway is not designed to force drivers to use car parks at Melbourne Airport.The barriers- between the airport and Mickelham Road- ... ...Thu 10th February 2011 - 01:23am
IMF ignored crisis warnings- watchdog finds
The International Monetary Fund IMF has been slammed by its own watchdog- the Independent Evaluation Office- for failing to predict the global financial crisis.In a report- the watchdog says the IMF ... ...Thu 10th February 2011 - 01:18am
Jobless rate stays at two-year low 5
Australias unemployment rate stayed steady at at two-year low of 5.0 per cent in January- despite the economic impact of the Queensland floods.Total employment rose by a seasonally adjusted 24-000 ... ...Thu 10th February 2011 - 01:13am
Qlds jobless rate falls
Queenslands unemployment rate has fallen unexpectedly from 6 per cent in December to 5.6 per cent last month- seasonally adjusted.The national rate has remained steady at 5 per cent.Figures from the ... ...Thu 10th February 2011 - 01:13am
TelstraClears interim profit falls in NZ
TelstraClears earnings in the six months to December 30 were hurt by a 5.9 per cent rise in expenses- according to the results of parent Telstra Corp Ltd.Excluding intercompany revenue- TelstraClear ... ...Thu 10th February 2011 - 01:08am
Flannery to helm climate change commission
Former Australian of the Year Tim Flannery will head the Federal Governments climate change commission.The commission is being set up to help the Government build community consensus on the need for ... ...Thu 10th February 2011 - 12:47am
Australia shares inch up ASX- CBA shore up market
MARKETS-AUSTRALIA-STOCKS UPDATE 2-Australia shares inch up ASX- CBA shore up market ...Thu 10th February 2011 - 12:46am
Unemployment rate steady at 5 per cent
The latest labour force figures from the Australian Bureau of Statistics show 24-000 jobs were created in the month of January- more than the 17-500 expected by most economists.There was an increase in ... ...Thu 10th February 2011 - 12:45am
Aust jobless rate was 5.0 in Jan
Australias unemployment rate was 5.0 per cent in January- staying at its lowest levels in almost two years- official data showed.The December figure was an unrevised five per cent- the Australian ... ...Thu 10th February 2011 - 12:34am
Telstra profit down on slumping sales
Slumping sales and higher costs have led Telstra to post a 36 per cent fall in first-half net profit.The telcos first-half profit came in at almost 1.2 billion- down 660 million on the same time ... ...Thu 10th February 2011 - 12:34am
Telstra profit down on slumping sales
Slumping sales and higher costs have led Telstra to post a 36 per cent fall in first-half net profit.The telcos first-half profit came in at almost 1.2 billion- down 660 million on the same time ... ...Thu 10th February 2011 - 12:22am
Telstra profit disappoints- but maintains guidance
Slumping sales and higher costs have led Telstra to post a 36 per cent fall in first-half net profit.The telcos first-half profit came in at almost 1.2 billion- down 660 million on the same time ... ...Thu 10th February 2011 - 12:21am
Alumina returns to profit
Alumina Ltd has posted a US35 million A34.75 million full year profit and says the outlook for alumina and aluminium is continuing to improve.Alumina said a strong turnaround in cash flow from its ... ...Thu 10th February 2011 - 12:18am
Flannery to helm climate change commission
Former Australian of the Year Tim Flannery will head the Federal Governments climate change commission.The commission is being set up to help the Government build community consensus on the need for ... ...Thu 10th February 2011 - 12:14am
Wall St retreats on profit taking
Wall Street dipped into the red overnight as investors sold off stocks- as some prices hit two-and-a half-year highs. Following a late rally the Dow Jones Industrial Average closed up 7 points- to 12-239.The ... ...Thu 10th February 2011 - 12:02am
Last 7 days news:
- Todays News (52)
- 20th May 2013 (77)
- 19th May 2013 (23)
- 18th May 2013 (31)
- 17th May 2013 (89)
- 16th May 2013 (106)
- 15th May 2013 (123)