Finance News, Monday 9th May 2011
OneSteel lowers full year guidance
OneSteel Ltd has lowered its profit guidance for the second half of 2010-11 due to the higher Australian dollar- lower sales and margins- and bad weather.OneSteel said on Tuesday it now expected net profit ... ...Mon 9th May 2011 - 11:46pm
BHP extends Canadian diamond mine
BHP Billiton says it will spend around 260 million to extend a diamond mine in northern Canada.BHP said the project involved pushing back of the existing Misery open pit at the companys EKATI mine- ... ...Mon 9th May 2011 - 11:38pm
Australia shares seen inching up on resources bounce
MARKETS-AUSTRALIA-STOCKS-Australia shares seen inching up on resources bounce ...Mon 9th May 2011 - 11:30pm
OneSteel lowers full year guidance
OneSteel Ltd has lowered its profit guidance for the second half of 2010-11 due to the higher Australian dollar- lower sales and margins- and bad weather.OneSteel said on Tuesday it now expected net profit ... ...Mon 9th May 2011 - 11:12pm
Panic in Greece as debt woes worsen
As Greece passes the first anniversary of its acceptance of an international bailout- it looks increasingly likely that more money will be needed to stop the Greek economys tailspin.Greece is drowning ... ...Mon 9th May 2011 - 10:36pm
Airports call for more Customs staff
The Australian Airports Association says Customs staff numbers and resources are not rising in line with increases in passenger numbers.In 2009-10 there were over 127 million passenger movements through ... ...Mon 9th May 2011 - 10:34pm
Panic in Greece as debt woes worsen
As Greece passes the first anniversary of its acceptance of an international bailout- it looks increasingly likely that more money will be needed to stop the Greek economys tailspin.Greece is drowning ... ...Mon 9th May 2011 - 10:32pm
US tells China- Reform in its own interest
The United States told China on Monday that improvements in human rights and economic reforms would serve Beijings own interests and promised it was not seeking to contain the Asian powers rise.Launching ... ...Mon 9th May 2011 - 10:16pm
BHP extends Canadian diamond mine
BHP Billiton says it will spend around 260 million to extend a diamond mine in northern Canada.BHP said the project involved pushing back of the existing Misery open pit at the companys EKATI mine- ... ...Mon 9th May 2011 - 09:32pm
Panic in Greece as debt woes worsen
As Greece passes the first anniversary of its acceptance of an international bailout- it looks increasingly likely that more money will be needed to stop the Greek economys tailspin.Greece is drowning ... ...Mon 9th May 2011 - 09:32pm
Germany reports record exports in March
Germany drove its trade surplus up to 15.2 billion euros A20.43 billion in March- official data showed on Monday- as sustained global activity fuelled record exports by Europes economic powerhouse.In ... ...Mon 9th May 2011 - 08:25pm
US tells China- Reform in its own interest
The United States told China on Monday that improvements in human rights and economic reforms would serve Beijings own interests and promised it was not seeking to contain the Asian powers rise.Launching ... ...Mon 9th May 2011 - 08:11pm
Greece hit by new downgrade
Two major credit agencies signaled their concern about Greeces massive debt on Monday- lending new credence to the view that European authorities must do more to help the country a year after it barely ... ...Mon 9th May 2011 - 08:09pm
Portugal investigates rating agencies
Portuguese authorities have opened a criminal inquiry into three international credit rating agencies following a complaint- the Attorney Generals office said on Monday.The inquiry is based on a complaint ... ...Mon 9th May 2011 - 08:02pm
Japan govt may take equity stake in TEPCO- report
Japans government may take an equity stake in Tokyo Electric Power Co TEPCO- the operator of a crippled nuclear power plant- to help pay for compensation to affected people- a report said Tuesday.The ... ...Mon 9th May 2011 - 04:23pm
More tough love budget measures revealed
Long-term unemployed people will be required to almost double their work experience obligations or risk losing benefits- in another welfare crackdown measure to be announced in tonights federal budget.The ... ...Mon 9th May 2011 - 04:15pm
China urges US to lift export controls
China urged Washington to lift export and investment controls directed against Beijing- saying such a move could go a long way towards conquering the steep trade imbalance between the two powers.But in ... ...Mon 9th May 2011 - 04:00pm
China urges US to lift export controls
China urged Washington to lift export and investment controls directed against Beijing- saying such a move could go a long way towards conquering the steep trade imbalance between the two powers.But in ... ...Mon 9th May 2011 - 03:15pm
Few businesses manage their currency risk
Despite all the gripes from business about the strength of the Australian dollar hitting profits- few seem prepared to do anything to protect their bottom line.A new survey has found that as many as 60 ... ...Mon 9th May 2011 - 02:01pm
China urges US to lift export controls
China Monday urged Washington to lift export and investment controls directed against Beijing- saying such a move could go a long way towards conquering the steep trade imbalance between the two powers.But ... ...Mon 9th May 2011 - 01:57pm
More tough love budget measures revealed
Long-term unemployed people will be required to almost double their work experience obligations or risk losing benefits- in another welfare crackdown measure to be announced in tomorrow nights federal ... ...Mon 9th May 2011 - 12:15pm
BHP boss urges skilled migration boost
On the eve of a federal budget which is expected to focus on skilled migration- the chairman of BHP Billiton has called for a boost to immigration to feed the booming mining industry. Jacques Nasser says ... ...Mon 9th May 2011 - 11:05am
More tough love budget measures revealed
Long-term unemployed people will be required to almost double their work experience obligations or risk losing benefits- in another welfare crackdown measure to be announced in tomorrow nights federal ... ...Mon 9th May 2011 - 10:53am
Job prospects look bleak
The State Opposition says the jobs prospects for many Tasmanians is looking increasingly bleak.The latest ANZ job advertisement figures shows in trend terms there was a 2.1 per cent decline in April for ... ...Mon 9th May 2011 - 10:00am
Expert urges private pensions over super funds
The man who headed the review of Australias superannuation system has questioned whether it makes sense to expose workers retirement savings to volatile financial markets.Jeremy Cooper chaired ... ...Mon 9th May 2011 - 09:54am
Expert urges private pensions over super funds
The man who headed the review of Australias superannuation system has questioned whether it makes sense to expose workers retirement savings to volatile financial markets.Jeremy Cooper chaired ... ...Mon 9th May 2011 - 09:41am
Central banks urge budget corrections- Trichet
Central bankers are pressing advanced economies to gradually improve their budgets while fast growing emerging nations must guard against overheating- ECB chief Jean-Claude Trichet said on Monday.The European ... ...Mon 9th May 2011 - 09:13am
S-ampP slashes Greece rating as EU mulls new help
Standard and Poors slashed its credit rating for Greece Monday- citing a possible debt restructuring- as the EU mulls more help for Athens to avoid a messy default which could hurt the entire eurozone. ... ...Mon 9th May 2011 - 08:41am
HSBC delivers mixed earnings before key strategy update
HSBC bank said on Monday that net profits surged 58 percent to 4.15 billion in the first quarter on lower taxes and bad debts- as the Asia-focused giant prepared to deliver a key strategy review.But Europes ... ...Mon 9th May 2011 - 08:29am
More tough love budget measures revealed
Long-term unemployed people will be required to almost double their work experience obligations or risk losing benefits- in another welfare crackdown measure to be announced in tomorrow nights federal ... ...Mon 9th May 2011 - 08:11am
Petrol prices tipped to drop
There are some encouraging signs for consumers- with petrol prices likely to slide by as much as 10 cents per litre in the next few weeks.It comes after a slump in global commodity prices at the end of ... ...Mon 9th May 2011 - 08:09am
More tough love budget measures revealed
Long-term unemployed people will be required to almost double their work experience obligations or risk losing benefits- in another welfare crackdown measure to be announced in tomorrow nights federal ... ...Mon 9th May 2011 - 08:06am
More tough love budget measures revealed
Long-term unemployed people will be required to almost double their work experience obligations or risk losing benefits- in another welfare crackdown measure to be announced in tomorrow nights federal ... ...Mon 9th May 2011 - 08:00am
Groupon- Live Nation to offer ticket deals
US online coupon giant Groupon and Live Nation Entertainment announced Monday that they were teaming up to offer discount tickets to concerts- theater and other live events.The joint venture- GrouponLive- ... ...Mon 9th May 2011 - 07:51am
Australian share gains limited by rate-hike concerns
MARKETS-AUSTRALIA-STOCKS UPDATE 4-Australian share gains limited by rate-hike concerns ...Mon 9th May 2011 - 07:38am
BHP boss warns about foreign investment
BHP Billiton chairman Jac Nasser says he is worried about state-owned companies investing in Australia.Mr Nasser did not refer to China explicitly on Monday but the worlds most populous country is ... ...Mon 9th May 2011 - 07:35am
VW raises MAN holding as step towards Scania merger
Europes biggest automaker- Volkswagen- unveiled on Monday plans to advance towards a merger of truck makers MAN and Scania by increasing its holding in MAN to more than 30 percent.Volkswagen ... ...Mon 9th May 2011 - 07:22am
Renewables key for climate- world energy supply- IPCC
Renewable energy could meet nearly 80 percent of the worlds energy needs by mid-century and play a crucial role in fighting global warming- the UNs climate scientists said Monday in a major report. ... ...Mon 9th May 2011 - 07:16am
Market closes flat after early gains
The Australian share market has retreated from its early strong gains to close about 0.3 per cent higher.The All Ordinaries Index ended the session up 15 points to 4-832 and the ASX 200 finished 14 points ... ...Mon 9th May 2011 - 07:13am
BHP boss warns about foreign investment
BHP Billiton chairman Jac Nasser says he is worried about state-owned companies investing in Australia.Mr Nasser did not refer to China explicitly on Monday but the worlds most populous country is ... ...Mon 9th May 2011 - 07:10am
Petrol prices tipped to drop
There are some encouraging signs for consumers- with petrol prices likely to slide by as much as 10 cents per litre in the next few weeks.It comes after a slump in global commodity prices at the end of ... ...Mon 9th May 2011 - 07:00am
Incitec lifts H1 profit by 25 per cent
Explosives and fertiliser supplier Incitec Pivot Ltd has booked a 25 per cent lift in first half profit and announced that it will build a 40 million ammonium nitrate emulsion plant at Port Hedland in ... ...Mon 9th May 2011 - 06:50am
Pringles Keller taking over at Chloe
Clare Waight Keller- the British designer who breathed new life into heritage label Pringle of Scotland- is taking over as artistic director at Chloe in June- the Parisian fashion house said on Monday.She ... ...Mon 9th May 2011 - 06:46am
Henderson downplays WA gas challenge
The Northern Territory Chief Minister says Western Australian cannot provide certainty to Japanese company Inpex on a gas plant site.Last week- WA traditional owners agreed to the building of a 30 billion ... ...Mon 9th May 2011 - 06:27am
Mixed news on Qld water prices
Water bills in Brisbane and Kilcoy are set to rise while Scenic Rim and Lockyer Valley residents will save and Ipswich and Esk water costs will remain stable.Queensland Urban Utilities water pricing ... ...Mon 9th May 2011 - 06:24am
Spotless shares jump on takeover bid
Spotless Group Ltd shares soared 12.5 per cent after the group received a 657 million takeover offer from an undisclosed private equity firm.According to media reports- US private equity firm Blackstone ... ...Mon 9th May 2011 - 06:20am
Australia shares end off highs as banks lose steam
MARKETS-AUSTRALIA-STOCKS-Australia shares end off highs as banks lose steam ...Mon 9th May 2011 - 06:20am
Renewables key for climate- world energy supply- IPCC
Renewable energy could meet nearly 80 percent of the worlds energy needs by mid-century and play a crucial role in fighting global warming- the UNs climate scientists said Monday in a major report.The ... ...Mon 9th May 2011 - 06:01am
Caltex flags higher first half production
Shares in Caltex Australia Ltd rose after the oil refiner and marketer flagged a lift in first half production.Caltex shares were up 64 cents- or 4.67 per cent- at 14.34 at 1325 AEST after reaching an ... ...Mon 9th May 2011 - 05:43am
Falling jobless rate may force RBAs hand
Interest rates could be on their way up as early as June if official data due on Thursday confirms a further tightening in the labour market- economists say.Labour force figures from the Australian Bureau ... ...Mon 9th May 2011 - 05:40am
Falling jobless rate may force RBAs hand
Interest rates could be on their way up as early as June if official data due on Thursday confirms a further tightening in the labour market- economists say.Labour force figures from the Australian Bureau ... ...Mon 9th May 2011 - 05:31am
Jobs growth despite business confidence slump
Two private surveys on the economy point to a firm jobs market last month- despite the high Australian dollar eroding business sentiment.The National Australia Banks monthly business survey shows ... ...Mon 9th May 2011 - 05:29am
Italy urged to continue economic reforms
Italy must reform to boost its slow growth rate- the OECD said Monday- warning that with bond markets jittery and a high debt level that it was crucial that Rome brings its budget back into ... ...Mon 9th May 2011 - 05:27am
AACo to raise 86.3m- expects 60m EBITDA
Beef producer Australian Agricultural Company Ltd AACo plans to raise 86.3 million and expects earnings of between 60 million and 65 million for the 2011 calendar year.AACo said proceeds from the ... ...Mon 9th May 2011 - 05:18am
Mixed news on Qld water prices
Water bills in Brisbane and Kilcoy are set to rise while Scenic Rim and Lockyer Valley residents will save and Ipswich and Esk water costs will remain stable.Queensland Urban Utilities announced its water ... ...Mon 9th May 2011 - 05:03am
Renewables can meet 80 of world energy needs- IPCC
Renewable energy could meet nearly 80 percent of the worlds energy needs by mid-century and play a crucial role in fighting global warming- the UNs climate scientists said Monday.The 194-nation ... ...Mon 9th May 2011 - 05:01am
Caltex flags higher first half production
Shares in Caltex Australia Ltd rose after the oil refiner and marketer flagged a lift in first half production.Caltex shares were up 64 cents- or 4.67 per cent- at 14.34 at 1325 AEST after reaching an ... ...Mon 9th May 2011 - 04:58am
Traditional owners claim gas hub approval forced
Traditional owners in Western Australias Kimberley region say they were forced to sign off on a multi-billion dollar gas hub- set to be built north of Broome. The Jabirr-Jabirr Goolarabooloo people ... ...Mon 9th May 2011 - 04:51am
Greece rating slashed as EU mulls new help
Standard and Poors slashed its rating for Greece on Monday- evoking a rising probability of a debt rescheduling- as sources said the EU is mulling providing more help to the struggling eurozone member.The ... ...Mon 9th May 2011 - 04:40am
Traditional owners claim gas hub approval forced
Traditional owners in Western Australias Kimberley region say they were forced to sign off on a multi-billion dollar gas hub- set to be built north of Broome. The Jabirr-Jabirr Goolarabooloo people ... ...Mon 9th May 2011 - 04:40am
Traditional owners claim gas hub approval forced
Traditional owners in Western Australias Kimberley region say they were forced to sign off on a multi-billion dollar gas hub- set to be built north of Broome. The Jabirr-Jabirr Goolarabooloo people ... ...Mon 9th May 2011 - 04:26am
Spotless shares jump on takeover bid
Shares in Spotless Group Ltd have jumped 14 per cent after the group received a 657 million takeover offer from a private equity firm.According to media reports- US private equity firm Blackstone has ... ...Mon 9th May 2011 - 04:23am
Australians brace for interest rate rise
Most consumers appear to be heeding warnings from the Reserve Bank of Australia RBA that interest rates will need to increase this year to fight inflation.A survey by mortgage broker Loan Market found ... ...Mon 9th May 2011 - 04:05am
Traditional owners claim gas hub approval forced
Traditional owners in the Kimberley say they were forced to sign off on a multi-billion dollar gas hub- set to be built north of Broome. The Jabirr-Jabirr Goolarabooloo people last week voted in favour ... ...Mon 9th May 2011 - 04:02am
Zinc and copper mine re-opens in Mid West
Golden Grove says strong metal prices has led to the re-opening of its Scuddles mine in the Mid West. The plant- east of Geraldton- produces zinc and copper concentrate but a sharp drop in metal prices ... ...Mon 9th May 2011 - 04:01am
BHP says economic shift to Asia big
BHP Billiton Ltd chairman Jac Nasser says the shift of economic weight and global rebalancing to Asia is the most significant event since the industrial revolution.He also says Australia should be able ... ...Mon 9th May 2011 - 03:43am
Zinc shortfall blamed on Cyclone Yasi
Cyclone Yasi is being blamed for a drop in production at Australias largest zinc mine.MMG says zinc production at the Century Mine in north-west Queenslands Gulf of Carpentaria region fell 17 ... ...Mon 9th May 2011 - 03:40am
HSBC delivers mixed earnings before key strategy update
HSBC bank said on Monday that net profits surged 58 percent to 4.15 billion £2.536 billion in the first quarter on lower taxes and bad debts- as the Asia-focused giant prepared to deliver a key strategy ... ...Mon 9th May 2011 - 03:39am
S-ampP slashes Greece rating as EU mulls new help
Standard and Poors slashed its rating for Greece on Monday- evoking a rising probability of a debt restructuring- as sources said the EU is mulling providing more help to the struggling eurozone member.The ... ...Mon 9th May 2011 - 03:38am
Jobs growth despite business confidence slump
Two private surveys on the economy point to a firm jobs market last month- despite the high Australian dollar eroding business sentiment.The National Australia Banks monthly business survey shows ... ...Mon 9th May 2011 - 03:35am
Warning over native logging end
An upper house inquiry investigating Tasmanias forest peace talks has heard native timber woodchipping is essential to the forest industrys survival.The Legislative Council committee is in Launceston ... ...Mon 9th May 2011 - 03:30am
Job growth despite business confidence slump
Two private surveys on the economy point to a firm jobs market last month- despite the high Australian dollar eroding business sentiment.The National Australia Banks monthly business survey shows ... ...Mon 9th May 2011 - 03:26am
S-ampP cuts Greek debt rating on restructuring outlook
Standard and Poors has cut its rating for debt issued by Greece by two points and says it could go lower because of a rising probability that the country would have to restructure its debt. ...Mon 9th May 2011 - 03:25am
BHP says economic shift to Asia big
BHP Billiton Ltd chairman Jac Nasser says the shift of economic weight and global rebalancing to Asia is the most significant event since the industrial revolution.He also says Australia should be able ... ...Mon 9th May 2011 - 03:22am
Herbicides found in rivers
Traces of herbicides have been found in two rivers in north and north-west Tasmania.The pasture weed killer MCPA was found at trace level in the Meander River at Strathbridge- while the pine plantation ... ...Mon 9th May 2011 - 03:17am
QR National still feeling disasters impact
Coal haulage company QR National says it expects the effects of flooding and Cyclone Yasi to be felt for several more months.In a statement to the Australian Securities Exchange- QR National says it is ... ...Mon 9th May 2011 - 03:10am
Zinc production fall blamed on Cyclone Yasi
Cyclone Yasi is being blamed for a drop in production at Australias largest zinc mine.MMG says zinc production at the Century mine in north-west Queenslands Gulf of Carpentaria region fell 17 ... ...Mon 9th May 2011 - 03:09am
Australians brace for interest rate rise
Most consumers appear to be heeding warnings from the Reserve Bank of Australia RBA that interest rates will need to increase this year to fight inflation.A survey by mortgage broker Loan Market found ... ...Mon 9th May 2011 - 02:45am
Job ads rise but two-speed economy evident
The number of jobs advertised online and in newspapers has risen for the 12th month in a row- but recent trends suggest Australias running as a two-speed economy- a survey shows.Total job advertisements ... ...Mon 9th May 2011 - 02:41am
Tabcorp awarded Vic Keno licence
Tabcorp Holdings Ltd has been awarded the Victorian Keno Licence for the next 10 years- which is expected to add 20 million per annum to the gambling and gaming companys earnings.Shares in Tabcorp ... ...Mon 9th May 2011 - 02:41am
Job ads rise but two-speed economy evident
The number of jobs advertised online and in newspapers has risen for the 12th month in a row- but recent trends suggest Australias running as a two-speed economy- a survey shows.Total job advertisements ... ...Mon 9th May 2011 - 02:27am
Apple tops Google as most valuable brand
Apple has overtaken Google as the worlds most valuable brand- ending a four-year reign by the internet search leader- according to a new study by global brands agency Millward Brown.The iPhone and ... ...Mon 9th May 2011 - 02:05am
Incitec lifts H1 profit by 25 per cent
Explosives and fertiliser supplier Incitec Pivot Ltd has booked a 25 per cent lift in first half profit and announced that it will build a 40 million ammonium nitrate emulsion plant at Port Hedland in ... ...Mon 9th May 2011 - 01:53am
Adelaides newest tram set to roll
Adelaide has taken delivery of the first of four new trams from Germany- three years after they were ordered.The tram arrived at Appleton Dock in Melbourne last Wednesday.It was then transported to Adelaide ... ...Mon 9th May 2011 - 01:49am
Australia shares up 1 pct China inflation- trade data awaited
MARKETS-AUSTRALIA-STOCKS-Australia shares up 1 pct China inflation- trade data awaited ...Mon 9th May 2011 - 01:48am
Adelaides newest tram set to roll
Adelaide has taken delivery of the first of four new trams from Germany- three years after they were ordered.The tram arrived at Appleton Dock in Melbourne last Wednesday.It was then transported to Adelaide ... ...Mon 9th May 2011 - 01:47am
Apple tops Google as most valuable brand
Apple has overtaken Google as the worlds most valuable brand- ending a four-year reign by the internet search leader- according to a new study by global brands agency Millward Brown.The iPhone and ... ...Mon 9th May 2011 - 01:45am
Job ads rise but two-speed economy evident
The number of jobs advertised online and in newspapers has risen for the 12th month in a row- but recent trends suggest Australias running as a two-speed economy- a survey shows.Total job advertisements ... ...Mon 9th May 2011 - 01:36am
Federal money allocated to road improvements
Western Australia will get 820 million worth of road upgrades in tomorrow nights federal budget.The money will go to a range of projects including widening part of the Great Eastern Highway to six ... ...Mon 9th May 2011 - 01:10am
AAC to raise 86.3m- expects 60m EBITDA
The Australian Agricultural Company Ltd AAC has launched an equity raising and share purchase plan to raise 86.3 million and says it expects earnings of between 60 and 65 million in the 2011 financial ... ...Mon 9th May 2011 - 01:06am
Crude price drop could help fuel prices
A fall in local petrol prices is looking more likely as the price of Tapis crude dropped US10 a barrel over the weekend to US115 for the first time since mid-March.The fall follows a major slump in global ... ...Mon 9th May 2011 - 12:59am
Tabcorp awarded Vic Keno licence
Tabcorp Holdings Ltd has been awarded the Victorian Keno Licence for the next 10 years- which is expected to add 20 million per annum to the gambling and gaming companys earnings.Shares in Tabcorp ... ...Mon 9th May 2011 - 12:45am
Adelaides newest tram set to roll
Adelaide has taken delivery of the first of four new trams from Germany- three years after they were ordered.The tram arrived at Appleton Dock in Melbourne last Wednesday.It was then transported to Adelaide ... ...Mon 9th May 2011 - 12:33am
Crude price drop could help fuel prices
A fall in local petrol prices is looking more likely as the price of Tapis crude dropped US10 a barrel over the weekend to US115 for the first time since mid-March.The fall follows a major slump in global ... ...Mon 9th May 2011 - 12:31am
Australia shares up 0.7 pct as banks- miners gain
MARKETS-AUSTRALIA-STOCKS-Australia shares up 0.7 pct as banks- miners gain ...Mon 9th May 2011 - 12:17am
AAC to raise 86.3m- expects 60m EBITDA
The Australian Agricultural Company Ltd AAC has launched an equity raising and share purchase plan to raise 86.3 million and says it expects earnings of between 60 and 65 million in the 2011 financial ... ...Mon 9th May 2011 - 12:16am
Incitecs Moranbah project still on budget
Explosives and fertiliser supplier Incitec Pivot says a delay to the operation of its 935 million ammonium nitrate plant at Moranbah will not add to costs or affect expected financial returns.Incitec ... ...Mon 9th May 2011 - 12:16am
Last 7 days news:
- Todays News (7)
- 18th May 2013 (31)
- 17th May 2013 (89)
- 16th May 2013 (106)
- 15th May 2013 (123)
- 14th May 2013 (185)
- 13th May 2013 (94)