Finance News, Sunday 31st July 2011

Macarthur says no to Peabody bid

Macarthur Coal Ltd has told shareholders to take no action after Peabody Energy and ArcelorMittal confirmed a 15.50 per share takeover offer.The offer was made after the completion of due diligence.Macarthur ... ...

Telstra provides split details to ACCC

Telstra has submitted the details of its structural separation with the competition watchdog for approval.The separation of the telcos retail and wholesale operations are a key part of the implementation ... ...

Telstra provides split details to ACCC

Telstra has submitted the details of its structural separation with the competition watchdog for approval.The separation of the telcos retail and wholesale operations are a key part of the implementation ... ...

Manufacturing slump accelerates

Activity in Australias manufacturing sector slumped in July- with the strong local currency and weak domestic demand continuing to restrict growth.The Performance of Manufacturing Index by the Australian ... ...

Manufacturing activity falls in July

Australian manufacturing activity fell in July- as the sector continues to suffer because of the strong Australian dollar and increased overseas competition- a survey shows.The Australian Industry Group-PriceWaterhouseCoopers ... ...

Telstra provides split details to ACCC

Telstra has submitted the details of its structural separation with the competition watchdog for approval.The separation of the telcos retail and wholesale operations are a key part of the implementation ... ...

Australia shares could open higher as U.S. nears debt deal

MARKETS-AUSTRALIA-STOCKS-Australia shares could open higher as U.S. nears debt deal ...

Australia shares could open higher as U.S. nears debt deal

MARKETS-AUSTRALIA-STOCKS-Australia shares could open higher as U.S. nears debt deal ...

Tourism operators welcome Hayman Island reopening

Tourism Whitsundays says the reopening of luxury island resort Hayman Island off north Queensland will boost the local economy.Hayman Island was badly damaged by cyclones Anthony and Yasi and has been ... ...

Court to rule today on Tiger ban

The suspension of Tiger Airways is due to end today- but the airline is not expected to consider resuming flights until the end of the week.Tiger Airways and the Civil Aviation Safety Authority CASA ... ...

Court to rule today on Tiger ban

The suspension of Tiger Airways is due to end today- but the airline is not expected to consider resuming flights until the end of the week.Tiger Airways and the Civil Aviation Safety Authority CASA ... ...

Obama unfurls 11th-hour deal to avert US default

US President Barack Obama announced that he and top lawmakers had reached an 11th-hour deal to avert a first-ever US debt payment default that would have sown chaos across the world economy.I want ... ...

Asian markets soar on US debt deal

Asian stock markets surged on Monday morning after US President Barack Obama said lawmakers had reached a last-minute deal that would raise the countrys debt ceiling and avoid a catastrophic default.Tokyo ... ...

Tokyo shares up on Obamas debt deal announcement

Tokyo shares rose 1.71 percent on Monday after US President Barack Obama announced that he and top lawmakers had reached an 11th-hour deal to avert a potentially disastrous debt default.At 0100 GMT the ... ...

Obama unfurls 11th-hour deal to avert US default

US President Barack Obama announced that he and top lawmakers had reached an 11th-hour deal to avert a first-ever US debt payment default that would have sown chaos across the world economy.I want ... ...

Macarthur snubs Peabody- ArcelorMittal bid

Australian coal miner Macarthur Coal on Monday refused to back a US5.3 billion takeover offer from steel giant ArcelorMittal and US company Peabody Energy- calling it opportunistic.Peabody and ArcelorMittal ... ...

US debt deal plans some 2.5 trillion in cuts

A last-minute deal between US leaders will raise the debt ceiling by at least 2.1 trillion - enough to reach 2013 - and entail cuts of 2.5 trillion dollars in two rounds- an official said.The senior ... ...

BBC journalists strike over job losses

BBC journalists began a second 24-hour strike on Monday in a row over job losses- threatening disruption to some of the British broadcasters flagship programmes.Members of the National Union of Journalists ... ...

Tokyo shares up on Obamas debt deal announcement

Tokyo shares rose 1.71 percent on Monday after US President Barack Obama announced that he and top lawmakers had reached an 11th-hour deal to avert a potentially disastrous debt default.At 0100 GMT the ... ...

Obama announces deal to avert US default

US President Barack Obama announced late Sunday that he and top lawmakers had reached an 11th-hour deal to avert a disastrous debt default that would have sown chaos in the world economy.I want to ... ...

HSBC sells 195 US branches for 1 bn

British-based banking giant HSBC has announced it will sell 195 retail branches- primarily in upstate New York- to First Niagara Bank for an estimated 1 billion.As part of its ongoing US strategic ... ...

Obama announces deal to avert US default

US President Barack Obama announced late Sunday that he and top lawmakers had reached an 11th-hour deal to avert a disastrous debt default that would have sown chaos in the world economy.I want to ... ...

US debt deal continues to plague Congress

The United States has edged closer to a disastrous debt default as key leaders in Congress voiced hope for a last-minute deal but struggled to ensure enough votes for passage.Racing against a deadline ... ...

HSBC sells 195 US branches for 1 bn

British-based banking giant HSBC has announced it will sell 195 retail branches- primarily in upstate New York- to First Niagara Bank for an estimated 1 billion.As part of its ongoing US strategic ... ...

Carbon tax protesters march in Sydney

About 1-000 people rallied in central Sydney on Sunday to show their continuing opposition to the Federal Governments proposed carbon tax.The protesters gathered in Hyde Park and marched through the ... ...

Hunt for US debt deal goes down to wire

The United States edged toward the brink of a disastrous debt default Sunday with lawmakers locked in frantic talks but leaders voicing cautious hope for a last-minute deal.With two days left before Washington ... ...

Top US Democratic senator backs debt deal- aide

Democratic Senate Majority Leader Harry Reid supports an emerging deal to avert a disastrous debt default- pending support from his rank-and-file- his spokesman said Sunday.Senator Reid has signed ... ...

White House- lawmakers- close in on debt deal

With barely two days to act- US President Barack Obama and top lawmakers closed in Sunday on an ambitious deal to avert a disastrous debt default sure to sow chaos in the fragile world economy.We ... ...

Bangkok property boom rises above bubble fears

A 77-storey skyscraper is set to become the latest- and tallest- addition to Bangkoks ever-changing skyline- already transformed by a construction boom that has raised fears of a property bubble.Variously ... ...

Soaring demand spotlights secret NY gold hoard

If theres one place a James Bond villain - or even some actual governments - would love raiding today- its the basement of a somber building in lower Manhattan- the worlds biggest gold ... ...

Greek taxi drivers press on with strike action

Greek taxi drivers decided on Sunday to escalate their strike action until the government satisfies their demands.We will continue the mobilization until the problem is solved- union leader ... ...

White House- lawmakers- close in on debt deal

With barely two days to act- US President Barack Obama and top lawmakers closed in Sunday in on an ambitious deal to avert a disastrous debt default sure to sow chaos in the fragile world economy.We ... ...

White House- lawmakers- close in on debt deal

With barely two days to act- US President Barack Obama and top lawmakers closed in Sunday in on an ambitious deal to avert a disastrous debt default sure to sow chaos in the fragile world economy. We ... ...

Switzerland- Germany to sign tax evasion deal- report

The Swiss and German governments are to sign an agreement early next month putting an end to a long-running dispute over tax evasion by Germans who keep secret Swiss bank accounts- a report said on Sunday.According ... ...

Ford wagers on Asia to drive global growth

Ford Motor Co was slow out of the starting gate in Asia but now the number two US automaker is betting big on the region to drive global growth- says its Asia-Pacific chief. Ford has just announced plans ... ...

Signs of debt deal great news for markets- analyst

Signs that Republican and Democratic leaders are close to an agreement to avert a US debt default was great news that would be received positively in US markets- a leading analyst said Sunday.Mark ... ...

Carbon tax protesters march in Sydney

About 1-000 people have rallied in central Sydney to show their continuing opposition to the Federal Governments proposed carbon tax.The protesters gathered in Hyde Park and marched through the city ... ...

Carbon tax protesters march in Sydney

About 1-000 people have rallied in central Sydney to show their continuing opposition to the Federal Governments proposed carbon tax.The protesters gathered in Hyde Park and marched through the city ... ...

Nervous start tipped for Aussie stocks

Australian stocks look set for a jittery start on Monday- with all eyes on Washington DC as legislators try to hammer out a deal to avoid a potential US debt default.US president Barack Obama was due to ... ...

HSBC to announce more than 10-000 job cuts

Global banking giant HSBC will next week announce plans to axe between 10-000 and 15-000 jobs in the coming year as part of a drastic cost-cutting drive- a report said on Saturday.The bank- headquartered ... ...

China struggles with backlash over rail crash

A week after a deadly high-speed rail crash sparked widespread criticism that China has put its development before public safety- authorities are struggling to contain the anti-government backlash.The ... ...

Greek taxi drivers press on with strike action

Greek taxi drivers decided on Sunday to escalate their strike action until the government satisfies their demands.We will continue the mobilization until the problem is solved- union leader ... ...

Switzerland- Germany to sign tax evasion deal- report

The Swiss and German governments are to sign an agreement early next month putting an end to a long-running dispute over tax evasion by Germans who keep secret Swiss bank accounts- a report said on Sunday.According ... ...

Iran says oil row with India resolved

Irans oil ministry said on Sunday a five-billion-dollar oil payments dispute with India has been resolved without any interruption of crude exports.Following bilateral negotiations- the two ... ...

Frantic US debt talks near deal- top senator

US President Barack Obama and top lawmakers raced against the clock Sunday narrowing in on a deal to avert a disastrous US debt default and a downgrade in its credit rating.The top Republican in the Senate ... ...

Swiss central bank urged to curb francs rise

The head of watchmaking firm Swatch on Sunday urged Switzerlands central bank to take measures to curb the appreciation of the Swiss franc- now at record heights against the euro and dollar.We ... ...

Obama- Democrats discuss debt deal crisis

US President Barack Obama has held an urgent White House summit with key Democratic allies as his Republican foes said fever-pitch efforts to avert a disastrous debt default would soon pay off.Thats ... ...

Obama- Democrats discuss debt deal crisis

US President Barack Obama has held an urgent White House summit with key Democratic allies as his Republican foes said fever-pitch efforts to avert a disastrous debt default would soon pay off.Thats ... ...

Frantic US debt talks near deal- top senator

US President Barack Obama and top lawmakers raced against the clock Sunday in hopes of hammering out a deal that would avert a disastrous US debt default and a downgrade in its credit rating.There ... ...
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