Finance News, Friday 15th April 2011
Top G20 economies face scrutiny over imbalances
Seven of the worlds leading economies including China and the United States faced deep scrutiny over fiscal and financial imbalances Saturday as the G20 group announced a new framework for assessing ... ...Fri 15th April 2011 - 09:18pm
Steelmaker echoes calls for carbon compo
One of Australias largest steelmakers says jobs will be lost if the industry is not fully compensated for a carbon tax.Yesterday- Australian Workers Union national secretary Paul Howes said the steel ... ...Fri 15th April 2011 - 08:56pm
NAB branches open after system glitch
Over 100 National Australia Bank branches will be opened today to help customers affected by its latest computer glitch- which left large numbers of people without pay and affected a wide range of bank ... ...Fri 15th April 2011 - 08:55pm
NAB branches to open after system glitch
Over 100 National Australia Bank branches will be opened today to help customers affected by its latest computer glitch- which left large numbers of people without pay and affected a wide range of bank ... ...Fri 15th April 2011 - 08:52pm
NAB branches to open after system glitch
Over 100 National Australia Bank branches will be opened today to help customers affected by its latest computer glitch- which left large numbers of people without pay and affected a wide range of bank ... ...Fri 15th April 2011 - 08:47pm
China says monetary tightening to continue- report
China will continue to tighten monetary policy for some time as the worlds second-largest economy tries to tame inflation- the central bank chief was quoted by state media saying.Peoples Bank ... ...Fri 15th April 2011 - 08:07pm
Steelmaker echoes calls for carbon compo
One of Australias largest steelmakers says jobs will be lost if the industry is not fully compensated for a carbon tax.Yesterday- Australian Workers Union national secretary Paul Howes said the steel ... ...Fri 15th April 2011 - 08:05pm
Steelmaker echoes calls for carbon compo
One of Australias largest steelmakers says jobs will be lost if the industry is not fully compensated for a carbon tax.Yesterday- Australian Workers Union national secretary Paul Howes said the steel ... ...Fri 15th April 2011 - 08:02pm
Steelmaker echoes calls for carbon compo
One of Australias largest steelmakers says jobs will be lost if the industry is not fully compensated for a carbon tax.Yesterday- Australian Workers Union national secretary Paul Howes said the steel ... ...Fri 15th April 2011 - 07:55pm
Disasters to slash Australian growth by 1 pct
The hit to exports from Japans quake and tsunami- devastating floods in its own northeast and a rallying dollar has shaved 1.0 percent off Australias growth forecasts- according to a report.Accompanied ... ...Fri 15th April 2011 - 07:38pm
Obama signs budget bill- despite concerns
President Barack Obama signed into law a bill funding the US government through September- despite his concerns about the measures restrictions on his executive power.The signing was a formality after ... ...Fri 15th April 2011 - 06:09pm
Japan mulls disaster bonds
Japan is considering issuing special bonds to fund reconstruction following last months massive earthquake and tsunami- and imposing a new tax to repay the debt- according to a report.The new bonds ... ...Fri 15th April 2011 - 05:34pm
J-ampJ in talks to buy Synthes for possible 20 bln
US health care giant Johnson -amp Johnson is in talks to buy US-Swiss medical-equipment maker Synthes in a deal that could be valued at around 20 billion- The Wall Street Journal reported.Citing unnamed ... ...Fri 15th April 2011 - 05:33pm
Japan mulls disaster bonds- report
Japan is considering issuing special bonds to fund reconstruction following last months massive earthquake and tsunami- and imposing a new tax to repay the debt- according to a report.The new bonds ... ...Fri 15th April 2011 - 04:52pm
US group inks deal to buy Italian soccer club AS Roma
A group of American investors led by Boston-based private equity tycoon Thomas DiBenedetto have signed a highly anticipated deal to buy Italian soccer club Roma.The deal is done- DiBenedetto ... ...Fri 15th April 2011 - 03:17pm
Seven G20 countries face scrutiny over imbalances
Seven G20 countries face deep scrutiny over their fiscal and financial imbalances- French Finance Minister Christine Lagarde said Friday- announcing a new framework assessing global economic risks.A Group ... ...Fri 15th April 2011 - 12:48pm
Seven G20 countries face scrutiny over imbalances
Seven G20 countries face deep scrutiny over their fiscal and financial imbalances- French Finance Minister Christine Lagarde said Friday- announcing a new framework assessing global economic risks.A Group ... ...Fri 15th April 2011 - 12:44pm
Ecclestone quizzed by German prosecutors
Formula One boss Bernie Ecclestone has been questioned by state prosecutors in Munich- Germany- as part of an investigation into irregular payments made during the sale of the sports commercial rights.Ecclestone- ... ...Fri 15th April 2011 - 11:14am
Tarkine road revived
The Tasmanian Governments disputed plan to build a tourist road in the Tarkine is back in a new form- but one which remains unpalatable to people concerned about the plight of the threatened Tasmanian ... ...Fri 15th April 2011 - 10:58am
Tarkine road revived
The Tasmanian Governments disputed plan to build a tourist road in the Tarkine is back in a new form- but one which remains unpalatable to people concerned about the plight of the threatened Tasmanian ... ...Fri 15th April 2011 - 10:52am
Tarkine road revived
The Tasmanian Governments disputed plan to build a tourist road in the Tarkine is back in a new form- but one which remains unpalatable to people concerned about the plight of the threatened Tasmanian ... ...Fri 15th April 2011 - 10:45am
G20 sets guidelines for economic health
The G20 agreed Friday on guidelines to assess countries fiscal health- and said it planned another set of parameters to gauge flaws in the monetary system.In meetings in Washington aimed at addressing ... ...Fri 15th April 2011 - 10:40am
Tarkine road revived
The Tasmanian Governments disputed plan to build a tourist road in the Tarkine is back in a new form- but one which remains unpalatable to people concerned about the plight of the threatened Tasmanian ... ...Fri 15th April 2011 - 10:21am
NAB pay glitch last straw for customers
Fed-up National Australia Bank NAB customers say they are ready to take their business elsewhere after the bank suffered another major computer glitch on Friday.It is the second time in less than six ... ...Fri 15th April 2011 - 10:12am
Millions miss pay after NABs 2nd meltdown
NAB says it has begun processing the account balances of millions of customers who have been left without their pay and will open 100 banks on Saturday to assist any it has failed to credit.A bank spokeswoman ... ...Fri 15th April 2011 - 10:05am
Combet plays down carbon stoush with unions
Climate Change Minister Greg Combet is playing down talk of a split between the Federal Government and the union movement over the proposed carbon tax.The Australian Workers Union held a crisis meeting ... ...Fri 15th April 2011 - 09:49am
Combet plays down carbon stoush with unions
Climate Change Minister Greg Combet is playing down talk of a split between the Federal Government and the union movement over the proposed carbon tax.The Australian Workers Union held a crisis meeting ... ...Fri 15th April 2011 - 09:37am
Combet plays down carbon stoush with unions
Climate Change Minister Greg Combet is playing down talk of a split between the Federal Government and the union movement over the proposed carbon tax.The Australian Workers Union held a crisis meeting ... ...Fri 15th April 2011 - 09:31am
Millions miss pay after NABs 2nd meltdown
Millions of employees have been left without their pay amid mixed messages from the National Australia Bank Ltd over when it will fix the fault that has crashed its payments system.Government agency Centrelink ... ...Fri 15th April 2011 - 09:09am
Portugal cuts public deficit sharply
Debt-stricken Portugal- negotiating a massive bailout with the EU and IMF- said Friday it had made progress in reducing its public deficit- a key measure of the countrys financial health.The government ... ...Fri 15th April 2011 - 08:48am
Millions miss pay after NABs 2nd meltdown
Millions of employees have been left without their pay amid mixed messages from the National Australia Bank Ltd over when it will fix the fault that has crashed its payments system.Government agency Centrelink ... ...Fri 15th April 2011 - 08:27am
IMF here to help Arab states- Strauss-Kahn
The head of the International Monetary Fund- Dominique Strauss-Kahn- said Friday that the lender stood ready to offer financial support to Arab countries like Egypt and Tunisia if they ask for it.Were ... ...Fri 15th April 2011 - 08:23am
Greece outlines cuts- asset sale to beat debt restructuring
Greek Prime Minister George Papandreou on Friday pledged to restructure the country out of its crushing debt crisis as he outlined a 26-billion-euro roadmap by 2015 to keep foreign creditors ... ...Fri 15th April 2011 - 08:20am
Vimpelcom completes Wind Telecom merger
Russian telecoms company Vimpelcom has completed its acquisition of Wind Telecom- making it the worlds sixth largest mobile operator and majority owner of Orascom and Wind Italy.The 6.5 billion cash ... ...Fri 15th April 2011 - 08:15am
Italys economic recovery continues- labour market sluggish
Italys economic recovery continued in the first quarter due to foreign demand but the labour market remained sluggish- slowing household consumption- the Bank of Italy said Friday.The most recent ... ...Fri 15th April 2011 - 08:10am
Qantas to resume direct Tokyo flights
Qantas Airways Ltd says improvements to infrastructure in the Japanese capital mean it will be able to resume direct flights from Sydney to Tokyo Narita on Tuesday.The Flying Kangaroo has operated its ... ...Fri 15th April 2011 - 07:51am
Telefonica mulls 450-million-euro handout
Spanish telecoms giant Telefonica said Friday it may give shares worth 450 million euros to it senior employees- one day after it announced a 20-percent cut in its domestic workforce as a cost-cutting ... ...Fri 15th April 2011 - 07:41am
Merck pays J-ampJ 500mn in drug row settlement
Merck said Friday it has agreed to pay fellow US pharmaceutical giant Johnson -amp Johnson 500 million to end a two-year tussle over profit-sharing deals for two anti-inflammatory drugs.The resolution ends ... ...Fri 15th April 2011 - 07:36am
Sweden agrees to let cash-strapped Saab alter financing
Swedens government on Friday said it had agreed to allow carmaker Saab to alter its financing and thereby get hold of badly-needed cash for continuing operations after several halts to production.The ... ...Fri 15th April 2011 - 07:30am
Rio chair warns of market risks
Rio Tinto Plcs chairman Jan du Plessis has warned shareholders that world markets remain fragile- despite many economies having recovered from the financial crisis.However the mining giant had enjoyed ... ...Fri 15th April 2011 - 07:30am
Market posts first weekly fall for a month
The Australian share market had a subdued end to the week- posting its first weekly fall for a month.The All Ordinaries index closed down 33 points at 4-939- and the ASX 200 also lost 0.66 per cent to ... ...Fri 15th April 2011 - 07:29am
Case for fast return to surplus not clear
The consensus that the fiscal stimulus should be withdrawn may turn out to be right- but it still deserves more scrutiny than its getting.On one side of the political fence- Treasurer Wayne Swan is ... ...Fri 15th April 2011 - 07:27am
Millions miss pay after NABs 2nd meltdown
Millions of employees have been left without their pay amid mixed messages from the National Australia Bank Ltd over when it will fix the fault that has crashed its payments system.Government agency Centrelink ... ...Fri 15th April 2011 - 07:23am
Qantas to resume direct Tokyo flights
Qantas Airways Ltd says improvements to infrastructure in the Japanese capital mean it will be able to resume direct flights from Sydney to Tokyo Narita on Tuesday.The Flying Kangaroo has operated its ... ...Fri 15th April 2011 - 07:05am
Rio chair warns of market risks
Rio Tinto Plcs chairman Jan du Plessis has warned shareholders that world markets remain fragile- despite many economies having recovered from the financial crisis.However the mining giant had enjoyed ... ...Fri 15th April 2011 - 06:57am
Qantas to resume direct SYD-NRT flights
Qantas Airways Ltd says improvements to infrastructure in the Japanese capital mean it will be able to resume direct flights from Sydney to Tokyo Narita on Tuesday.The Flying Kangaroo has operated its ... ...Fri 15th April 2011 - 06:49am
Australia shares fall to two week low China tightening in focus
MARKETS-AUSTRALIA-STOCKS UPDATE 3-Australia shares fall to two week low China tightening in focus ...Fri 15th April 2011 - 06:44am
Police arrest bypass protesters
Police have arrested 21 protesters after a day of demonstrations at the Brighton bypass construction site near Hobart.Up to 14 people stormed a barricade around the site which was being guarded by about ... ...Fri 15th April 2011 - 06:38am
Japan minister praises G7 post-quake move on yen
Japanese Finance Minister Yoshihiko Noda praised Friday an intervention by advanced countries to force down the yen after it soared to troubling highs following the March 11 earthquake-tsunami disaster.We ... ...Fri 15th April 2011 - 06:30am
Irish economy making good progress- IMF- EU
Bailed-out Ireland is making good progress on reducing its deficit and overcoming its economic crisis but challenges remain- European authorities and the IMF said Friday.The positive ... ...Fri 15th April 2011 - 06:30am
Boral buys 173m assets in Qld- targets WA
Boral Ltd is to increase its exposure to the booming Queensland mining and resources sector following a 173 million acquisition of concrete and quarrying operations from a privately owned company for ... ...Fri 15th April 2011 - 06:22am
Qantas to fly to Japan from 19th
Qantas will resume flights between Australia and Japan on Tuesday- April 19.Airline chief Alan Joyce said many issues had been take into account before making the decision.Qantas has been working ... ...Fri 15th April 2011 - 06:22am
Wagners to grow mining services in Qld
Materials- construction and transport company Wagners Group is considering an initial public offering next year while the sale of its concrete assets to Boral for 173 million will allow it to expand mining ... ...Fri 15th April 2011 - 06:21am
As big as the fall of the Berlin Wall
The worlds major economies are pledging support for regime changes reshaping the Middle East and North Africa.An Obama administration official is comparing what is occurring now to the fall of the ... ...Fri 15th April 2011 - 06:13am
Bell Group saga back in court with appeal
Three former Federal Court judges have been hauled out of retirement to hear an appeal in Australias longest-running court case- involving a consortium of banks and the Bell Group- once controlled ... ...Fri 15th April 2011 - 05:50am
Greece outlines spending cuts and asset sale
Greek Prime Minister George Papandreou on Friday outlined a 26-billion-euro economic roadmap to restructure the country out of its debt crisis by 2015 and keep foreign creditors at bay.Alongside ... ...Fri 15th April 2011 - 05:40am
Boral buys 173m assets in Qld- targets WA
Boral Ltd is to increase its exposure to the booming Queensland mining and resources sector following a 173 million acquisition of concrete and quarrying operations from a privately owned company for ... ...Fri 15th April 2011 - 05:36am
Exclude steel industry from carbon tax- union
Australias biggest manufacturing union- the Australian Workers Union AWU- says it wants the steel industry to be excluded from a carbon tax.The call comes after union bosses held a crisis meeting ... ...Fri 15th April 2011 - 05:29am
Victorian Government working with car companies
The Victorian Government said it is working with Toyota and Ford to minimise the impact of job cuts.Ford Australia is cutting around 240 jobs at its Geelong and Broadmeadows plants while Toyota is reducing ... ...Fri 15th April 2011 - 05:22am
G20 weigh name-and-shame list for risky economies
China- the United States and other leading economies are expected to be listed by the G20 for dangerous economic imbalances on Friday- but whether they will be publicly named and shamed remains ... ...Fri 15th April 2011 - 05:12am
China growth slows- inflation accelerates
Chinas economic growth slowed slightly in the first quarter- but inflation accelerated due largely to soaring food prices.Official figures show Chinas gross domestic product stood at 9.7 per ... ...Fri 15th April 2011 - 05:00am
Union fears Easter brings air rage spike
Ahead of the busiest air travel period of the year- a union warns the number air rage incidents is likely to spike.Next Thursday will see airlines flat-out as travellers head away for the Easter-Anzac ... ...Fri 15th April 2011 - 04:37am
China says first quarter growth at 9.7
Chinas economy grew at a robust but slightly slower pace in the first quarter of 2011 while inflation accelerated despite efforts to rein in soaring food and property prices.Gross domestic product ... ...Fri 15th April 2011 - 04:36am
Greece outlines 15-billion-euro state asset sale
Greece on Friday unveiled plans for a massive sale of state assets- designed to raise some 15 billion euros 22 billion by 2013 in order to reduce its huge debt and put its struggling recovery on track.The ... ...Fri 15th April 2011 - 04:24am
Wagners to grow mining services in Qld
Mining services company Wagners is considering an initial public offer next year and says the sale of its concrete assets and quarries to Boral Ltd for 173 million positions it for expansion in the oil ... ...Fri 15th April 2011 - 04:20am
Ireland making good progress on recovery
Bailed-out Ireland is making good progress on overcoming its economic crisis but challenges remain and Dublin must continue to strictly implement policy- the IMF and the EU said ... ...Fri 15th April 2011 - 04:04am
Union wants steel industry excluded from carbon tax
Australias biggest manufacturing union- the Australian Workers Union AWU- says it wants the steel industry to be excluded from a carbon tax.The call comes after union bosses held a crisis meeting ... ...Fri 15th April 2011 - 03:55am
Union wants steel industry excluded from carbon tax
Australias biggest manufacturing union- the Australian Workers Union AWU- says it wants the steel industry to be excluded from a carbon tax.The call comes after union bosses held a crisis meeting ... ...Fri 15th April 2011 - 03:51am
Russian partners seek offer from BP on Rosneft deal
BPs Russian partners in TNK-BP said on Friday that they were awaiting proposals from BP over its deal with Russias Rosneft and denied that they have plans to exit the British oil giants ... ...Fri 15th April 2011 - 03:46am
Police arrest bypass protesters
Arrests are continuing at the Brighton bypass construction site near Hobart as Aborigines protest against the roads route.Up to 14 people were arrested this morning after storming a barricade around ... ...Fri 15th April 2011 - 03:46am
Melbourne woman sues IBM for sexual harassment
A former IBM employee is suing the company for sexual harassment which she says made her feel worthless and caused her to attempt suicide on two occasions.The woman- now in her 40s- says she ... ...Fri 15th April 2011 - 03:44am
NAB payments glitch affects most banks
Government agency Centrelink says National Australia Bank Ltd NAB has advised it that it has fixed a payments system fault that has affected thousands of customers of most Australian banks.However- the ... ...Fri 15th April 2011 - 03:30am
NAB customers hit by pay glitch... again
Some National Australia Bank customers are still waiting for their pay- after the latest in a series of glitches which have disrupted payment processing.The bank has confirmed to the ABC that some account ... ...Fri 15th April 2011 - 03:18am
Union wants steel industry excluded from carbon tax
Australias biggest manufacturing union- the AWU- wants the steel industry to be excluded from a carbon tax.The call comes after union bosses held a crisis meeting in Sydney this morning amid unrest ... ...Fri 15th April 2011 - 03:08am
Union wants steel industry excluded from carbon tax
Australias biggest manufacturing union- the AWU- wants the steel industry to be excluded from a carbon tax.The call comes after union bosses held a crisis meeting in Sydney this morning amid unrest ... ...Fri 15th April 2011 - 03:06am
Fitch affirms AA ratings of major banks
Ratings agency Fitch has affirmed its double A ratings for Australias big four banks- reflecting their dominant market position and strong profitability.The outlooks for Commonwealth Bank of Australia ... ...Fri 15th April 2011 - 03:03am
Hong Kong arrests Deutsche Bank staff
Hong Kongs graft watchdog is investigating a major fraudulent trading case after arresting 11 people- including two traders at German financial services giant Deutsche Bank.The citys graft agency- ... ...Fri 15th April 2011 - 02:47am
Melbourne woman sues IBM for sexual harassment
A former IBM employee is suing the company for sexual harassment which she says made her feel worthless and caused her to attempt suicide on two occasions.The woman- now in her 40s- says she ... ...Fri 15th April 2011 - 02:46am
Boral acquires resources assets in Qld- WA
Building materials supplier Boral Ltd will increase its exposure to the Queensland mining and resources sector with a 173 million acquisition and says growth in Western Australia is also likely.Boral ... ...Fri 15th April 2011 - 02:21am
NAB payments glitch causes delays
National Australia Banks payments system failed to process thousands of transactions overnight- with the bank on Friday advising all financial institutions and customers of processing delays.A computer ... ...Fri 15th April 2011 - 02:17am
Chinas inflation rises as growth slows
Chinas inflation rose again in March- while economic growth slowed slightly in the first quarter- the government says.Chinas consumer price index rose 5.4 per cent in March as compared with a ... ...Fri 15th April 2011 - 02:12am
Police arrest bypass protesters
Up to 14 Aboriginal protesters have been arrested at the Brighton bypass construction site north of Hobart.A small group of protesters stormed a barricade around the site which was being guarded by about ... ...Fri 15th April 2011 - 02:10am
NAB payments glitch causes delays
National Australia Banks payments system failed to process thousands of transactions overnight- with the bank on Friday advising all financial institutions and customers of processing delays.A computer ... ...Fri 15th April 2011 - 02:03am
Melbourne woman sues IBM for sexual harassment
A former IBM employee is suing the company for sexual harassment which she says made her feel worthless and caused her to attempt suicide on two occasions.The woman- now in her 40s- says she ... ...Fri 15th April 2011 - 02:00am
Melbourne woman sues IBM for sexual harassment
A former IBM employee is suing the company for sexual harassment which she says made her feel worthless and caused her to attempt suicide on two occasions.The woman- now in her 40s- says she ... ...Fri 15th April 2011 - 01:52am
US Congress approves spending cut measure
The US Congress has sent President Barack Obama a bill cutting about US40 billion A38 billion from domestic programs and foreign aid- a skirmish in a broader war over the cash-strapped governments ... ...Fri 15th April 2011 - 01:30am
NAB customers hit by pay glitch... again
Some National Australia Bank customers are still waiting for their pay- after the latest in a series of glitches which have disrupted payment processing.The bank has confirmed to the ABC that some account ... ...Fri 15th April 2011 - 01:30am
Police arrest bypass protesters
Up to 14 Aboriginal protesters have been arrested at the Brighton bypass construction site north of Hobart.A small group of protesters stormed a barricade around the site which was being guarded by about ... ...Fri 15th April 2011 - 01:25am
NAB customers hit by pay glitch... again
The National Australia Bank is having yet more account processing problems.The bank has confirmed to the ABC that some account balances are not up to date.NAB has also been communicating with obviously ... ...Fri 15th April 2011 - 01:20am
Police arrest bypass protesters
At least eight protesters have been arrested at the Brighton bypass construction site north of Hobart.A small group of protesters stormed a barricade around the site which was being guarded by about 25 ... ...Fri 15th April 2011 - 01:19am
Australia shares drift as market on data-watch
MARKETS-AUSTRALIA-STOCKS UPDATE 1-Australia shares drift as market on data-watch ...Fri 15th April 2011 - 01:17am
NAB customers hit by pay glitch... again
The National Australia Bank is having yet more account processing problems.The bank has confirmed to the ABC that some account balances are not up to date.NAB has also been communicating with obviously ... ...Fri 15th April 2011 - 01:13am
Natural disasters cost mining industry 5b
The Queensland Resources Council QRC says flooding and cyclones have cost the industry 5 billion in lost production and that figure could rise with many mines still waterlogged.QRC chief executive Michael ... ...Fri 15th April 2011 - 01:00am
Natural disasters cost mining industry 5b
The Queensland Resources Council QRC says flooding and cyclones have cost the industry 5 billion in lost production and that figure could rise with many mines still waterlogged.QRC chief executive Michael ... ...Fri 15th April 2011 - 12:56am
Police arrest bypass protesters
At least eight protesters have been arrested at the Brighton bypass construction site north of Hobart.A small group of protesters stormed a barricade around the site which was being guarded by about 25 ... ...Fri 15th April 2011 - 12:52am
Rio chair warns of market risks
Rio Tinto Plcs chairman Jan du Plessis has warned shareholders that world markets remain fragile- despite many economies having recovered from the financial crisis.However the mining giant had enjoyed ... ...Fri 15th April 2011 - 12:49am
Australia shares start unchanged ahead of Chinese data
MARKETS-AUSTRALIA-STOCKS-Australia shares start unchanged ahead of Chinese data ...Fri 15th April 2011 - 12:16am
Police arrest bypass protesters
Police have begun arresting Aborigines protesting at the Brighton bypass construction site north of Hobart.About 25 police officers have barricaded the site to keep out about 50 protesters from a nearby ... ...Fri 15th April 2011 - 12:16am
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