Finance News, Monday 1st August 2011
Navitas FY profit up 20.5
Education provider Navitas Ltd has increased full year profit by 20.5 per cent- and says demand remains robust as students seek training opportunities.Net profit rose to 77.39 million for the 12 months ... ...Mon 1st August 2011 - 11:56pm
Debt deal passes first hurdle
The US House of Representatives has passed a deal struck between the White House and party leaders to raise the borrowing limit and avert an unprecedented debt default.The last-minute bill will raise the ... ...Mon 1st August 2011 - 11:21pm
Navitas FY profit up 20.5
Education provider Navitas Ltd has increased full year profit by 20.5 per cent- and says demand remains robust as students seek training opportunities.Net profit rose to 77.39 million for the 12 months ... ...Mon 1st August 2011 - 11:17pm
Kathmandu bucks weak retail trend
Adventure wear retailer Kathmandu expects an increase in annual earnings due to a good performance from its new stores and favourable weather during its promotional periods.The New Zealand-based company ... ...Mon 1st August 2011 - 11:12pm
Kathmandu bucks weak retail trend
Adventure wear retailer Kathmandu expects an increase in annual earnings due to a good performance from its new stores and favourable weather during its promotional periods.The New Zealand-based company ... ...Mon 1st August 2011 - 10:46pm
India economy panel cuts growth outlook
A top economic panel Monday scaled down its forecast for Indias economic growth to 8.2 per cent from 8.5 per cent after a series of interest rate rises by the central bank to tame stubbornly high ... ...Mon 1st August 2011 - 10:39pm
Porsche posts jump in profit
German sports carmaker Porsche posted Monday a 59-per-cent jump in first-half operating profit following a rise in sales for its popular Cayenne sports utility model and a surge in demand for its vehicles ... ...Mon 1st August 2011 - 10:39pm
US debt deal has little economic impact
Spending cuts in the new deal to slash the US deficit and raise the borrowing ceiling will not have much immediate effect on the economy- or the deficit itself- analysts say.Heralded as a political success ... ...Mon 1st August 2011 - 10:34pm
Rough track prompts cut to rail speed limit
V-line has cut the speed limit on a section of track for its Albury to Melbourne passenger train service- for safety reasons.A limited train service returned to the line in June- after the track was closed ... ...Mon 1st August 2011 - 10:29pm
Rio sells talc business
Rio Tinto Ltd says it has completed the divestment of its talc business to Imerys- a world leader in adding value to industrial minerals- for an enterprise value of US340 million A310.05 million.The ... ...Mon 1st August 2011 - 10:19pm
US Senate to vote Tuesday on debt bill
The US Senate will vote Tuesday on a massive austerity bill that averts a disastrous debt default- two senior Democratic aides said Monday.The chambers top Democratic and Republican leaders were working ... ...Mon 1st August 2011 - 10:15pm
Top US Republican sees debt bill passage
The US House of Representatives will pass a vast austerity bill and avert a disastrous debt default- Republican House Majority Leader Eric Cantor predicted hours before the vote on Monday.Were ... ...Mon 1st August 2011 - 10:12pm
US borrowing to surge after debt cap rise
The US Treasury said Monday that it will step up borrowing after the debt ceiling is raised- expected this week if a highly contentious legislation crafted over the weekend clears Congress.In its quarterly ... ...Mon 1st August 2011 - 10:11pm
US company profits surge
Major US companies are packing away record profits even as the economy falters- unemployment remains high and the debt-ceiling crisis has shaken confidence in the country- analysts said.In July- corporate ... ...Mon 1st August 2011 - 10:09pm
Senate hearing spotlight on coal seam gas
Farmers and environment groups from the north-west of New South Wales are preparing to lobby a Senate hearing to act on their concerns about coal seam gas exploration.The public hearing by the Senate committee ... ...Mon 1st August 2011 - 10:05pm
News International asked to delete emails
News International asked to delete a large number of emails from its system on nine different occasions in the past 15 months- a technology firm told British MPs probing phone hacking allegations on Monday.India-based ... ...Mon 1st August 2011 - 10:03pm
US debt deal faces Congress hurdle
The fate of a massive US austerity plan headed on Monday into the hands of Congress- where leaders have just hours to win over sceptical lawmakers or face an unprecedented debt default.Initial optimism ... ...Mon 1st August 2011 - 09:50pm
Reserve tipped to leave rates on hold
A leading economist says the Reserve Bank will look beyond last weeks higher-than-expected inflation figures when it meets this afternoon.Headline inflation rose to 3.6 per cent for the year- which ... ...Mon 1st August 2011 - 08:39pm
HSBC axes 30-000 jobs
HSBC will slash 30-000 jobs worldwide over the next two years as it looks to slash costs- the global banking giant announced Monday after also unveiling bumper profits.Europes biggest lender said ... ...Mon 1st August 2011 - 08:23pm
Markets turn tail on weak US data
Financial markets are in sharp reverse as doubts grow over a last-minute US debt deal and weak manufacturing data stoked fears that all is not well with the worlds biggest economy.Dealers said the ... ...Mon 1st August 2011 - 05:05pm
US House votes to avert imminent default
With barely a day to act- the polarized US House of Representatives have approved a massive austerity plan to avert a debt default that would have wreaked havoc through the global economy.After eight months ... ...Mon 1st August 2011 - 02:17pm
US House votes to avert imminent default
With barely a day to act- a polarized US House of Representatives on Monday approved a massive austerity plan to avert a debt default that could have wreaked havoc through the global economy.After intense ... ...Mon 1st August 2011 - 01:53pm
US House votes to avert imminent default
With barely a day to act- a polarized US House of Representatives on Monday approved a massive austerity plan to avert a debt default that could have wreaked havoc through the global economy.After intense ... ...Mon 1st August 2011 - 01:31pm
ADB warns of bumpy road into Asian century
Asia could be as wealthy as Europe by mid-century- but only if it tackles key challenges from inequality and corruption to climate change- an Asian Development Bank study said Tuesday.On current trends- ... ...Mon 1st August 2011 - 01:16pm
US House approves bill to avert debt default
The US House of Representatives late Monday approved legislation to avert a disastrous debt default and cut trillions in government spending- setting the stage for the measure to face a Senate vote.Lawmakers ... ...Mon 1st August 2011 - 01:13pm
US phone giant AT-ampT to sell stake in Mexicos Telmex
US phone giant AT-ampT said Monday that it would sell its stake in Telmex for 1.37 billion after billionaire Carlos Slims America Movil sought full control of the Mexican fixed-line operator.If the ... ...Mon 1st August 2011 - 12:49pm
Little economic impact from US debt deal- analysts
Spending cuts in the new deal to slash the US deficit and raise the borrowing ceiling will not have much immediate effect on the economy - or the deficit itself- analysts said Monday.Heralded as a political ... ...Mon 1st August 2011 - 12:41pm
Markets turn tail on weak US data- debt deal concerns
Financial markets went into sharp reverse Monday as doubts over a last-minute US debt deal and weak manufacturing data stoked fears that all is not well with the worlds biggest economy.Like their ... ...Mon 1st August 2011 - 12:40pm
Ford recalls up to 1.2 million trucks in US- Canada
Ford is recalling up to 1.22 million older pickup trucks due to a problem which could cause fuel leaks and a risk of fire- the company and US car-safety regulators announced on Monday.Prolonged exposure ... ...Mon 1st August 2011 - 11:52am
Ford recalls up to 1.1 million vehicles
Ford is recalling up to 1.1 million older pickup trucks due to a problem which could cause fuel leaks and a risk of fire- US car-safety regulators announced on Monday.Prolonged exposure to road deicing ... ...Mon 1st August 2011 - 11:48am
NYSE Euronext to buy Japans Metabit
NYSE Euronext said on Monday that it would buy Metabit- a Tokyo-based company which provides clients with high-speed access to Asian financial markets.Japan and Asia are priorities for NYSE Euronext ... ...Mon 1st August 2011 - 11:26am
Little economic impact from US debt deal- analysts
Spending cuts in the new deal to slash the US deficit and raise the borrowing ceiling will not have much immediate effect on the economy - or the deficit itself- analysts said Monday.Heralded as a political ... ...Mon 1st August 2011 - 11:25am
Significant new round of funding for Twitter
Twitter announced on Monday it has closed a deal for a significant round of new funding led by Russian investment company Digital Sky Technologies DST.Twitter did not reveal the amount raised ... ...Mon 1st August 2011 - 11:17am
Little economic impact from US debt deal- analysts
Spending cuts in the new deal to slash the US deficit and raise the borrowing ceiling will not have much immediate effect on the economy - or the deficit itself- analysts said Monday.Heralded as a political ... ...Mon 1st August 2011 - 11:06am
HSBC to cut 30-000 jobs in global overhaul
British banking company HSBC says it will cut 30-000 jobs worldwide by 2013 and sell almost half its bank branches in the US- part of a new strategy to cut back on retail operations in some parts of the ... ...Mon 1st August 2011 - 10:10am
Oil prices mixed after US manufacturing report
World oil prices were mixed on Monday- after a disappointing report on the US manufacturing sector and concerns about the debt-ceiling deal in Washington led to a volatile day of trading.New Yorks ... ...Mon 1st August 2011 - 09:57am
US company profits surge- even as economy slows
Major US companies are packing away record profits even as the economy falters- unemployment remains high and the debt-ceiling crisis has shaken confidence in the country- analysts said.In July- corporate ... ...Mon 1st August 2011 - 09:47am
US debt deal faces Congress gauntlet
With barely a day to act- US Congress leaders raced Monday to corral enough votes to pass a massive austerity plan that would avert a disastrous- first-ever debt default with ruinous global consequences.The ... ...Mon 1st August 2011 - 09:29am
Hospital staff hold protest against privatisation
About 70 hospital staff have protested outside Royal Perth Hospital against the State Governments decision to privatise services at the new Fiona Stanley Hospital.The union representing hospital workers- ... ...Mon 1st August 2011 - 09:24am
Honda Q1 net profit plunges 90
Japans third-largest carmaker Honda Motor said its net profit for the April-June quarter fell nearly 90 per cent on the strong yen and the impact of the March disasters on production and sales.However- ... ...Mon 1st August 2011 - 08:55am
US ratings downgrade likely despite deal
The United States debt ceiling deal will not avert a credit rating downgrade- a former White House director of economic policy says.American economist Todd Buchholz said the deal crafted between Congress ... ...Mon 1st August 2011 - 08:23am
Taxi strike may kill Greece tourism- operators
A two-week nationwide strike by Greek taxi owners has placed the countrys vital tourism industry under unbearable pressure- sector officials said on Monday.We appeal to taxi owners ... ...Mon 1st August 2011 - 08:21am
Air India snubbed by Star Alliance
Air Indias bid to join the Star Alliance has been grounded after the global airline network said it had not met the minimum standards for membership.The decision to suspend the application- which ... ...Mon 1st August 2011 - 08:17am
Telstra provides split details to ACCC
Telstra Corporation has outlined its plans to the competition regulator to complete a structural separation of its business in order to take part in the rollout of the national broadband network NBN.The ... ...Mon 1st August 2011 - 08:04am
Honda Q1 net profit plunges 90
Japans Honda Motor said its net profit for the April-June quarter fell nearly 90 per cent on the impact of the March earthquake and tsunami on production and sales and a strong yen.However- the group ... ...Mon 1st August 2011 - 07:52am
Significant new round of funding for Twitter
Twitter announced on Monday it has closed a deal for a significant round of new funding led by Russian investment company DST Global.Twitter did not reveal the amount raised for the wildly ... ...Mon 1st August 2011 - 07:31am
Oil prices slide in volatile trading
Crude prices slumped in late London trade after an early rally- as traders reacted to major economic developments in the United States- the worlds biggest consumer of oil.Brent North Sea crude for ... ...Mon 1st August 2011 - 07:30am
Markets turn tail on weak US data- debt deal concerns
Financial markets went into sharp reverse Monday as doubts grew over a last-minute US debt deal and weak manufacturing data stoked fears that all is not well with the worlds biggest economy.Dealers ... ...Mon 1st August 2011 - 07:28am
Chinas demand for resources could slow
The keynote speaker at Australias largest mining conference has warned Chinas demand for resources could begin to slow in the next 10 to 15 years.Former Bush administration economist Todd Buckholz ... ...Mon 1st August 2011 - 07:25am
US debt deal faces Congress gauntlet
The fate of a massive US austerity plan headed Monday into the hands of Congress- where leaders have just hours to win over skeptical lawmakers or face an unprecedented debt default.Initial optimism on ... ...Mon 1st August 2011 - 07:19am
Macarthur knocks back takeover bid
US energy company Peabody Energy and European steel giant ArcelorMittal have made a direct appeal to Macarthur Coals shareholders to accept their hostile all-cash 4.7 billion bid after the targets ... ...Mon 1st August 2011 - 07:04am
Hospital staff protest against privatisation of services
About 70 hospital staff have protested outside Royal Perth Hospital against the State Governments decision to privatise services at the new Fiona Stanley Hospital.The union representing hospital workers- ... ...Mon 1st August 2011 - 06:48am
Hospital staff protest against privatisation of services
Around 70 hospital staff have protested outside Royal Perth Hospital against the State Governments decision to privatise services at the new Fiona Stanley Hospital.The union representing hospital ... ...Mon 1st August 2011 - 06:46am
Tregillis the new financial ombudsman
Corporate watchdog commissioner Shane Tregillis has been appointed head of the financial service industrys dispute resolution body.Mr Tregillis will become chief ombudsman of the Financial Ombudsman ... ...Mon 1st August 2011 - 06:41am
Australia shares post solid gains as U.S. averts debt disaster
MARKETS-AUSTRALIA-STOCKS UPDATE 5-Australia shares post solid gains as U.S. averts debt disaster ...Mon 1st August 2011 - 06:38am
Tiger Air grounding decision expected soon
Tiger Airways Australia is expected to be cleared this week to resume flights- with the airline grounded until at least Wednesday.A decision on lifting Tigers month-long grounding was due by Monday ... ...Mon 1st August 2011 - 06:38am
Australia shares rise 1.7 pct on U.S. debt deal relief
MARKETS-AUSTRALIA-STOCKS UPDATE 4-Australia shares rise 1.7 pct on U.S. debt deal relief ...Mon 1st August 2011 - 06:30am
Hospital staff protest against privatisation of services
Around 70 hospital staff have protested outside Royal Perth Hospital against the State Governments decision to privatise services at the new Fiona Stanley Hospital.The union representing hospital ... ...Mon 1st August 2011 - 06:04am
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 ... ...Mon 1st August 2011 - 06:01am
Italian stocks plunge 3.87
Italian stocks closed down 3.87 percent on Monday with shares in Italys top banks leading the losses as the long-term borrowing rate on government bonds rose sharply- reflecting investor nerves.The ... ...Mon 1st August 2011 - 06:00am
IMF maintains growth forecasts for Britain
The International Monetary Fund on Monday maintained its growth forecasts for Britain but warned of risks from the eurozone debt crisis- spending cuts- volatile commodity prices and a weak housing market.In ... ...Mon 1st August 2011 - 05:58am
Leadership limbo- Rann departure date unclear
With Mike Rann now overseas- his South Australian ALP colleagues have been the focus of attention over a planned change of premier.Mr Rann agreed at the weekend he would go soon to allow Left faction frontbencher ... ...Mon 1st August 2011 - 05:54am
Groups call for charity bonds to be set up
Australia should develop a bond market that provides socially responsible investments to benefit the work of charity and community organisations- a Senate hearing has been told.The Productivity Commission ... ...Mon 1st August 2011 - 05:42am
Tregillis the new financial ombudsman
Corporate watchdog commissioner Shane Tregillis has been appointed head of the financial service industrys dispute resolution body.Mr Tregillis will become chief ombudsman of the Financial Ombudsman ... ...Mon 1st August 2011 - 05:29am
Macarthur coal rejects takeover
Mining company Macarthur Coal has recommended its shareholders take no action in relation to an international takeover bid.The chairman of Macarthur coal- Keith DeLacy has labelled the proposed takeover ... ...Mon 1st August 2011 - 05:28am
Blackstone acquires Valad securities
Two affiliates of Blackstone Real Estate Advisors will acquire all Valad Property Group securities via a company scheme and trust scheme.The deal was approved by more than 95 per cent of Valad Property ... ...Mon 1st August 2011 - 05:23am
Blackstone acquires Valad securities
Two affiliates of Blackstone Real Estate Advisors will acquire all Valad Property Group securities via a company scheme and trust scheme.The deal was approved by more than 95 per cent of Valad Property ... ...Mon 1st August 2011 - 05:22am
Chinas demand for resources could slow
The keynote speaker at Australias largest mining conference has warned Chinas demand for resources could begin to slow in the next ten to 15 years.Former Bush administration economist Todd Buckholz ... ...Mon 1st August 2011 - 05:20am
Chinas demand for resources could slow
The keynote speaker at Australias largest mining conference has warned Chinas demand for resources could begin to slow in the next ten to 15 years.Former Bush administration economist Todd Buckholz ... ...Mon 1st August 2011 - 05:14am
US debt deal faces Congress gauntlet
The fate of a massive US austerity plan headed Monday into the hands of Congress- where leaders have just hours to win over skeptical lawmakers or face an unprecedented debt default.President Barack Obama ... ...Mon 1st August 2011 - 05:03am
Chinas demand for resources could slow
The keynote speaker at Australias largest mining conference has warned Chinas demand for resources could begin to slow in the next 10 to 15 years.Former Bush administration economist Todd Buckholz ... ...Mon 1st August 2011 - 04:58am
China demand could slow
The keynote speaker at Australias largest mining conference has warned Chinas demand for resources could begin to slow in the next 10 to 15 years.Former Bush administration economist Todd Buckholz ... ...Mon 1st August 2011 - 04:56am
Leadership limbo- Rann departure date unclear
With Mike Rann now overseas- his South Australian ALP colleagues have been the focus of attention over a planned change of premier.Mr Rann agreed at the weekend he would go soon to allow Left faction frontbencher ... ...Mon 1st August 2011 - 04:51am
Frankfurt DAX index plunges briefly below 7-000 points
The Frankfurt DAX index of leading stocks plunged by more than two percent in late trade on Monday- falling briefly below 7-000 points for the first time since March.The DAX then recovered slightly to ... ...Mon 1st August 2011 - 04:44am
Australia shares gain 1.9 pct Macarthur up
MARKETS-AUSTRALIA-STOCKS UPDATE 3-Australia shares gain 1.9 pct Macarthur up ...Mon 1st August 2011 - 04:40am
Gunns on notice over pay rates
Unions Tasmania is worried Tasmanian construction workers will be paid less than interstate rates to build Gunns Tamar Valley pulp mill.It says Gunns is insisting on paying local construction workers ... ...Mon 1st August 2011 - 04:24am
Risk of super investments to be classified
New guidelines are to be introduced to provide clearer information for consumers about the risk of their superannuation funds investments.From June next year the Australian Prudential Regulation Authority ... ...Mon 1st August 2011 - 04:23am
New home sales lowest in five years
New home sales suffered their biggest monthly fall in five years in June.The Housing Industry Association says new home sales dropped by 8.7 per cent in June.That is the biggest monthly decline since May ... ...Mon 1st August 2011 - 04:15am
Eurozone growth indictator shows drop in momentum
Private sector activity in the eurozone saw a new drop in momentum in July as recovery slowed in key economies and deterioration quickened in Greece and Spain- a key growth indicator showed Monday.The ... ...Mon 1st August 2011 - 03:59am
Leadership in limbo- with Rann overseas
With Mike Rann now overseas- his South Australian ALP colleagues have been the focus of attention over a planned change of premier.Mr Rann agreed at the weekend he would go soon to allow Left faction frontbencher ... ...Mon 1st August 2011 - 03:59am
India growth forecast cut to 8.2
A top Indian government advisory panel on Monday cut the growth forecast for Asias third-largest economy to 8.2 percent- citing the impact of a string of interest rate hikes and global uncertainty.In ... ...Mon 1st August 2011 - 03:54am
Norton not vulnerable to Zijin takeover
Gold miner Norton Gold Fields says it doesnt currently feel vulnerable to a takeover by its new largest shareholder- Chinas Zijin Mining Group.Norton Gold Fields is planning to pursue deals itself ... ...Mon 1st August 2011 - 03:52am
Asian manufacturing activity slows in July
Manufacturing activity across Asia continued to slow in July- data showed on Monday- as efforts to tame stubbornly high inflation across the region took hold.Export-reliant countries were also hurt by ... ...Mon 1st August 2011 - 03:41am
Bank of Cyprus warns of bailout threat
The Bank of Cyprus- the islands largest financial institution- on Monday urged government action to prevent the eurozone country from having to seek a bailout from the European Union.With our ... ...Mon 1st August 2011 - 03:35am
US ratings downgrade likely despite deal
The United States debt ceiling deal will not avert a credit ratings downgrade- leading American economist and former White House director of economic policy Todd Buchholz says.Mr Buchholz said the ... ...Mon 1st August 2011 - 03:33am
Aust shares soar on US debt deal
The Australian share market is up by two per cent after United States congressional leaders reached an agreement on raising the US debt limit.US President Barack Obama said the deal will cut about US1 ... ...Mon 1st August 2011 - 03:32am
Business tells RBA to hold off on rates
An official interest rate rise on Tuesday would punch a hole in business and consumer confidence- the Australian Chamber of Commerce and Industry has warned.The chambers latest expectations ... ...Mon 1st August 2011 - 03:27am
Eurozone official jobless rate steady in June
The unemployment rate in the eurozone remained steady at 9.9 percent for the fourth month running in June- official European Union data showed Monday.An estimated 15.6 million men and women were unemployed ... ...Mon 1st August 2011 - 03:25am
Business tells RBA to hold off on rates
An official interest rate rise on Tuesday would punch a hole in business and consumer confidence- the Australian Chamber of Commerce and Industry has warned.The chambers latest expectations ... ...Mon 1st August 2011 - 03:24am
Macarthur rejects takeover bid
Macarthur Coal Ltd has rejected a takeover offer of 15.50 per share from suitors Peabody Energy and ArcelorMittal.The two parties have reached a stalemate- unable to agree on conditions for a sweetened ... ...Mon 1st August 2011 - 03:16am
Air India snubbed by Star Alliance
Air Indias bid to join the Star Alliance has been grounded after the global airline network said it had not met the minimum standards for membership.The decision to suspend the application- which ... ...Mon 1st August 2011 - 03:15am
Macarthur coal rejects takeover
Mining company Macarthur Coal has recommended its shareholders take no action in relation to an international takeover bid.The chairman of Macarthur coal- Keith DeLacy has labelled the proposed takeover ... ...Mon 1st August 2011 - 03:13am
Leadership in limbo- with Rann overseas
With Mike Rann now overseas- his South Australian ALP colleagues have been the focus of attention over a planned change of premier.Mr Rann agreed at the weekend he would go soon to allow Left faction frontbencher ... ...Mon 1st August 2011 - 03:01am
Tiger Airways remains grounded
Budget airline Tiger Airways will not resume flying until at least August 3- after a court hearing about its grounding was adjourned.The Federal Court was due to hear an application by the Civil Aviation ... ...Mon 1st August 2011 - 02:59am
New home sales lowest in five years
New home sales suffered their biggest monthly fall in five years in June.The Housing Industry Association says new home sales dropped by 8.7 per cent in June.That is the biggest monthly decline since May ... ...Mon 1st August 2011 - 02:55am
Tiger Airways remains grounded
Budget airline Tiger Airways will not resume flying until at least August 3- after a court hearing about its grounding was adjourned.The Federal Court was due to hear an application by the Civil Aviation ... ...Mon 1st August 2011 - 02:50am
New home sales drop 8.7 in June
New home sales fell in June- suffering their largest monthly decline in five years- a private survey of Australias major residential builders shows.The number of new homes sold in June dropped 8.7 ... ...Mon 1st August 2011 - 02:49am
Leadership in limbo- with Rann overseas
With Mike Rann now overseas- his South Australian ALP colleagues have been the focus of attention over a planned change of premier.Mr Rann agreed at the weekend he would go soon to allow Left faction frontbencher ... ...Mon 1st August 2011 - 02:48am
CASA deciding on Tigers grounding
The air safety regulator is close to making a decision on whether grounded airline Tiger Airways Australia can resume flights.The grounding was due to expire on Monday but a Federal Court directions hearing ... ...Mon 1st August 2011 - 02:47am
CASA deciding on Tigers grounding
The air safety regulator is close to making a decision on whether grounded airline Tiger Airways Australia can resume flights.The grounding was due to expire on Monday but a Federal Court directions hearing ... ...Mon 1st August 2011 - 02:34am
Leadership in limbo- with Rann overseas
With Mike Rann now overseas- his South Australian ALP colleagues have been the focus of attention over a planned change of premier.Mr Rann agreed at the weekend he would go soon to allow Left faction frontbencher ... ...Mon 1st August 2011 - 02:26am
Kimberley businesses hit by losses after cattle ban
The company which operates the Wyndham Port in Western Australia estimates its lost up to 200-000 because of the suspension of the live cattle trade to Indonesia- and is likely to lose more as the ... ...Mon 1st August 2011 - 02:25am
Norton not vulnerable to Zijin takeover
Gold miner Norton Gold Fields says it doesnt currently feel vulnerable to a takeover by its new largest shareholder- Chinas Zijin Mining Group.Norton Gold Fields also wants to itself pursue deals ... ...Mon 1st August 2011 - 02:05am
Aust shares soar on US debt deal
The Australian share market is up by two per cent after United States congressional leaders reached an agreement on raising the US debt limit.President Barack Obama said the deal will cut about US1 trillion ... ...Mon 1st August 2011 - 01:42am
Tiger court hearing adjourned again
Tiger Airways Australia remains grounded until at least Wednesday- with a court hearing about its suspension adjourned for a third time.The grounding was due to expire on Monday but a Federal Court directions ... ...Mon 1st August 2011 - 01:32am
Tiger Airways remains grounded
Budget airline Tiger Airways will not resume flying until at least August 3- after a court hearing about its grounding was adjourned.The Federal Court was due to hear an application by the Civil Aviation ... ...Mon 1st August 2011 - 01:23am
WA market cap above pre-GFC levels- report
The market value of Western Australia-based companies has soared above levels reached before the global credit crunch- a report says.Companies based in the mining-rich state were worth 196.3 billion at ... ...Mon 1st August 2011 - 01:21am
WA companies recover GFC strength
A report has found West Australian public companies have recovered the losses sustained during the global financial crisis.The Deloitte WA Index measures the financial performance of WA-listed companies.It ... ...Mon 1st August 2011 - 01:19am
Australia shares surge 1.9 pct as Obama says debt deal agreed
MARKETS-AUSTRALIA-STOCKS UPDATE 2-Australia shares surge 1.9 pct as Obama says debt deal agreed ...Mon 1st August 2011 - 01:16am
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 ... ...Mon 1st August 2011 - 01:10am
Qld home grant available but stamp duty up
The Queensland Opposition has dismissed the benefits of a new home grant available from today because a discount on some stamp duty payments has ended.The 10-000 payment is on offer for the next six months ... ...Mon 1st August 2011 - 12:57am
Consumer prices rose in July
Consumer prices are rising at the fastest pace in three months- led by higher food and energy costs- a measure of inflation shows.The TD Securities-Melbourne Institute inflation gauge rose 0.3 per cent ... ...Mon 1st August 2011 - 12:53am
Qld home grant available but stamp duty up
The Queensland Opposition has dismissed the benefits of a new home grant available from today because a discount on some stamp duty payments has ended.The 10-000 payment is on offer for the next six months ... ...Mon 1st August 2011 - 12:42am
Consumer prices rose in July
Consumer prices are rising at the fastest pace in three months- led by higher food and energy costs- a measure of inflation shows.The TD Securities-Melbourne Institute inflation gauge rose 0.3 per cent ... ...Mon 1st August 2011 - 12:31am
Australia shares rise 1.0 pct on hopes for U.S. agreement
MARKETS-AUSTRALIA-STOCKS UPDATE 1-Australia shares rise 1.0 pct on hopes for U.S. agreement ...Mon 1st August 2011 - 12:21am
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