Finance News, Wednesday 3rd August 2011
ERA reports 1H loss because of rain
Energy Resources of Australia Ltd has posted a first half loss after the uranium miner was forced in January to suspend operations at its Ranger Mine because of above average rainfall.The company posted ... ...Wed 3rd August 2011 - 11:53pm
Leighton improves guidance- but still loss
Constructor Leighton holdings has improved its profit guidance for 2010-11- as it reports stronger confidence that it can complete the Brisbane Airport Link project on time.Leighton said on Thursday it ... ...Wed 3rd August 2011 - 11:48pm
Green sees red over Gunns compo claim
Tasmanian Greens MP Kim Booth has renewed his threat to try to bring down the State Government if it pays compensation to timber company Gunns.The Liberals Peter Gutwein says forestry sources have ... ...Wed 3rd August 2011 - 11:33pm
Study fast tracks high-speed rail link
A study into the feasibility of a high-speed rail network connecting eastern seaboard cities has found it could get passengers from Sydney to Brisbane in three hours for as little as 75.The Federal Government ... ...Wed 3rd August 2011 - 11:31pm
Bligh backs high-speed rail network
Queensland Premier Anna Bligh says an affordable high-speed train down Australias east coast would be a good nation-building project.A Federal Government feasibility study found it could get passengers ... ...Wed 3rd August 2011 - 11:29pm
Report predicts carbon tax chaos for NSW
The New South Wales Government says a review by the states Treasury has found the carbon tax will cost NSW at least 31-000 jobs and more than 3.5 billion each year.Premier Barry OFarrell had ... ...Wed 3rd August 2011 - 11:24pm
Fears Sunbus strike to drag on
A pay dispute between Sunbus and the Transport Workers Union TWU on Queenslands Sunshine Coast has escalated.Bus services this Friday- next Monday and Tuesday have already been suspended after the ... ...Wed 3rd August 2011 - 11:22pm
Westfield Retail H111 div to be 8.1 cents
Westfield Retail Trust says it will pay a half year distribution of 8.1 cents per stapled security for the six months ended June 30.Westfield Retail said the distribution represented 49 per cent of the ... ...Wed 3rd August 2011 - 11:22pm
Lost Hitchcock film found in NZ
One of the earliest films made by British master director Alfred Hitchcock has been found in New Zealand.The New Zealand Film Archive said the first three reels of the six-reel feature The White Shadow ... ...Wed 3rd August 2011 - 11:17pm
Green sees red over Gunns compo claim
Tasmanian Greens MP Kim Booth has renewed his threat to try to bring down the State Government if it pays compensation to timber company Gunns.The Liberals Peter Gutwein says forestry sources have ... ...Wed 3rd August 2011 - 11:17pm
Study fast tracks high-speed rail link
A study into the feasibility of a high-speed rail network connecting eastern seaboard cities has found it could get passengers from Sydney to Brisbane in three hours for as little as 75.The Federal Government ... ...Wed 3rd August 2011 - 11:12pm
Toll operator Transurban boosts profit
Toll road operator Transurban Group has increased its annual profit by nearly 90 per cent to 112.5 million- as revenue from tolls increased by 10 per cent.The strong revenue growth and lower costs allowed ... ...Wed 3rd August 2011 - 11:11pm
Spotless to hang on to Braiform
Spotless Group has confirmed media reports that it will retain its garment hanger business- Braiform- following unsolicited approaches from potential buyers.Spotless said on Thursday that it had initiated ... ...Wed 3rd August 2011 - 11:01pm
Transurban boosts dividend as profit rises
Toll road operator Transurban Group has increased its annual profit by nearly 90 per cent to 112.5 million- as revenue from tolls increased by 10 per cent.The strong revenue growth and lower costs allowed ... ...Wed 3rd August 2011 - 10:49pm
Westfield Retail H111 div to be 8.1 cents
Westfield Retail Trust says it will pay a half year distribution of 8.1 cents per stapled security for the six months ended June 30.Westfield Retail said the distribution represented 49 per cent of the ... ...Wed 3rd August 2011 - 10:45pm
Grey nomads put brakes on caravanning
Caravanning Queensland says there has been a slump in the number of grey nomads on the roads with their caravans this year- but numbers in coastal regions are starting to pick up.Chief executive Ron Chapman ... ...Wed 3rd August 2011 - 10:37pm
Gunns share price tumbles
Shares in the Tasmanian timber company Gunns have taken a nose dive- trading down 12 per cent.About 25 million was wiped from the company when it closed at 22 cents.Financial analyst- Tony Gray- says ... ...Wed 3rd August 2011 - 10:33pm
Lost Hitchcock film found in NZ
One of the earliest films made by British master director Alfred Hitchcock has been found in New Zealand.The New Zealand Film Archive said the first three reels of the six-reel feature The White Shadow ... ...Wed 3rd August 2011 - 10:16pm
Study fast tracks high-speed rail link
A study into the feasibility of a high-speed rail network connecting eastern seaboard cities has found it could get passengers from Sydney to Brisbane in three hours for as little as 75.The Federal Government ... ...Wed 3rd August 2011 - 10:05pm
Xstrata ponders new coal mines
Xstrata says it is still considering a number of coal projects in central Queensland- despite the proposed carbon tax.Xstrata chief executive Mick Davis has made a report to shareholders while releasing ... ...Wed 3rd August 2011 - 09:55pm
Report predicts carbon tax chaos for NSW
The New South Wales Government says a review by the states Treasury has found the carbon tax will cost NSW at least 31-000 jobs and more than 3.5 billion each year.Premier Barry OFarrell had ... ...Wed 3rd August 2011 - 09:54pm
Grey nomads put brakes on caravanning
Caravanning Queensland says there has been a slump in the number of grey nomads on the roads with their caravans this year- but numbers in coastal regions are starting to pick up.Chief executive Ron Chapman ... ...Wed 3rd August 2011 - 09:50pm
Fears Sunbus strike to drag on
A pay dispute between Sunbus and the Transport Workers Union TWU on Queenslands Sunshine Coast has escalated.There is already confirmation that bus services will not run on the Sunshine Coast tomorrow- ... ...Wed 3rd August 2011 - 09:41pm
Study fast tracks high-speed rail link
A study into the feasibility of a high-speed rail network connecting eastern seaboard cities has found it could get passengers from Sydney to Brisbane in three hours for as little as 75.The Federal Government ... ...Wed 3rd August 2011 - 09:38pm
Airport cleaners threaten industrial action
Cleaners at Melbourne Airport are threatening strike action unless they can negotiate a better pay deal.They want the contractor- Spotless- to give them a four per cent pay rise every year and assurances ... ...Wed 3rd August 2011 - 09:27pm
US private sector job growth slows in July
The US private sector hiring slowed in July- a private survey showed Wednesday- as the economy slowed and uncertainty rose from the political battle over raising the countrys debt ceiling.Payrolls ... ...Wed 3rd August 2011 - 08:35pm
US factory orders dropped 0.8 pct in June
Businesses cut back on orders for aeroplanes- autos and heavy machinery in June- lowering demand for factory goods for the second time in three months.The Commerce Department said Wednesday that orders ... ...Wed 3rd August 2011 - 08:34pm
Services firms expand slowly
Service businesses such as restaurants- hotels and financial companies experienced their weakest growth in 17 months in July.The report Wednesday from the Institute for Supply Management confirms other ... ...Wed 3rd August 2011 - 08:32pm
Italy to default- Spain may scrape by
Italy will likely default but Spain could scrape through- the Centre for Economics and Business Research said on Thursday as the eurozone debt crisis threatened to engulf the two eurozone countries.The ... ...Wed 3rd August 2011 - 08:18pm
Spanish risk premium soars
Spains debt risk premium shot to another record high Wednesday- forcing the prime minister to interrupt his holiday for a crisis meeting on the market turmoil.The premium demanded for buying Spanish ... ...Wed 3rd August 2011 - 08:15pm
Ugly Tasmanian town upset over Lonely Planet rating
The Lonely Planet travel guide has hit a nerve in Tasmania- describing the working class town of Burnie as unattractive- and nearby Devonport as not the most glamorous spot in the state.The Tasmanian Tourism ... ...Wed 3rd August 2011 - 07:12pm
Turnbull decries war on climate science
Opposition frontbencher Malcolm Turnbull has hit out against climate change sceptics on his side of politics- saying there has been a war on science that contradicts common sense.He also warned ... ...Wed 3rd August 2011 - 03:58pm
Ugly Tasmanian town upset over Lonely Planet rating
The Lonely Planet travel guide has hit a nerve in Tasmania- describing the working class town of Burnie as unattractive- and nearby Devonport as not the most glamorous spot in the state.The Tasmanian Tourism ... ...Wed 3rd August 2011 - 01:55pm
Hitachi and Mitsubishi to open merger talks
Japanese manufacturing giants Hitachi and Mitsubishi Heavy Industries have agreed to start merger talks- Hitachis president was reported as saying Thursday.The two companies have combined annual sales ... ...Wed 3rd August 2011 - 01:00pm
Google lawyer slams Apple- Microsoft over patents
Googles top lawyer accused Apple- Oracle- Microsoft and other companies on Wednesday of using bogus patents to wage a campaign against the Internet giants Android mobile platform.In ... ...Wed 3rd August 2011 - 12:46pm
Ikea to probe fake store in China
Furniture giant Ikea says it will investigate an alleged fake Ikea store in China - which according to media reports is an exact copy of the Swedish chains blue-and-yellow warehouses.Ikea said on ... ...Wed 3rd August 2011 - 12:20pm
US borrowing tops 100 of GDP- Treasury
US debt shot up 238 billion to reach 100 percent of gross domestic project after the governments debt ceiling was lifted- Treasury figures showed Wednesday.Treasury borrowing jumped Tuesday- the ... ...Wed 3rd August 2011 - 12:01pm
German air traffic union calls off strike after court ban
A union representing German air traffic controllers withdrew its strike call Wednesday hours after a court ruling in Frankfurt banning their action over pay.The sectors union GDF had initially announced ... ...Wed 3rd August 2011 - 11:04am
Local market sheds 26b to hit 11-month low
The Australian share market has fallen steeply for a second straight day- after US shares dropped for the eighth straight session on negative economic data.Local shares rallied on Monday following the ... ...Wed 3rd August 2011 - 10:54am
US stocks end losing streak
US stocks closed higher on Wednesday- as the Dow Jones Industrial Average ended an eight-day losing streak and markets regained some ground lost in Tuesdays brutal sell-off.The Dow average of 30 blue-chip ... ...Wed 3rd August 2011 - 10:47am
Local market sheds 26b to hit 11-month low
The Australian share market has fallen steeply for a second straight day- after US shares dropped for the eighth straight session on negative economic data.Local shares rallied on Monday following the ... ...Wed 3rd August 2011 - 10:45am
Gunns share price tumbles
Shares in the Tasmanian timber company Gunns have taken a nose dive- trading down 12 per cent on the opening.The company has been trading at 22 cents- the lowest level on record.Financial analyst- Tony ... ...Wed 3rd August 2011 - 10:42am
US AAA rating still under threat
The United States could still faces an unprecedented downgrade of its triple-A credit rating- despite the governments last minute moves to avoid defaulting on its debt Tuesday.But even if powerful ... ...Wed 3rd August 2011 - 10:40am
Rome vows to boost growth as pressure mounts
Europe sought on Wednesday to ease unwarranted pressure on economic giants Italy and Spain- with Prime Minister Silvio Berlusconi calling for his country to urgently adopt a plan to revive ... ...Wed 3rd August 2011 - 10:17am
Sundance denies hostile takeover on the cards
WA-based miner Sundance Resources has denied speculation the company could become the subject of a hostile takeover by a large Chinese mining group.Chinas Hanlong Mining Group made a bid to take over ... ...Wed 3rd August 2011 - 10:10am
Spain- market tensions may continue for days
Spanish Finance Minister Elena Salgado Friday warned that market turmoil over the eurozone debt crisis may continue for several days- blaming volatility that usually occurs in the months of August.The ... ...Wed 3rd August 2011 - 09:48am
Rome vows to boost growth as pressure mounts
Europe sought on Wednesday to ease unwarranted pressure on economic giants Italy and Spain- with Prime Minister Silvio Berlusconi calling for his country to urgently adopt a plan to revive ... ...Wed 3rd August 2011 - 08:46am
FMG predicts strong growth in demand from India
Fortescue Metals Group says any drop in demand for resources from China will be offset by increasing demand from India.Former Bush administration adviser- Todd Buckholz told Kalgoorlies Diggers and ... ...Wed 3rd August 2011 - 08:31am
Local market sheds 26b to hit 11-month low
The Australian share market has fallen steeply for a second straight day- after US shares dropped for the eighth straight session on negative economic data.Local shares rallied on Monday following the ... ...Wed 3rd August 2011 - 08:27am
Turnbull decries war on climate science
Opposition frontbencher Malcolm Turnbull has hit out against climate change sceptics on his side of politics- saying there has been a war on science that contradicts common sense.He also warned ... ...Wed 3rd August 2011 - 08:22am
Sundance denies hostile takeover on the cards
WA-based miner Sundance Resources has denied speculation the company could become the subject of a hostile takeover by a large Chinese mining group.Chinas Hanlong Mining Group made a bid to take over ... ...Wed 3rd August 2011 - 08:20am
Turnbull decries war on climate science
Opposition frontbencher Malcolm Turnbull has hit out against climate change sceptics on his side of politics- saying there has been a war on science that contradicts common sense.He also warned ... ...Wed 3rd August 2011 - 08:05am
Sundance denies hostile takeover on the cards
WA-based miner Sundance Resources has denied speculation the company could become the subject of a hostile takeover by a large Chinese mining group.Chinas Hanlong Mining Group made a bid to take over ... ...Wed 3rd August 2011 - 08:00am
Russia includes Rosneft in expanded sell-off drive
Russia on Wednesday announced a broadly expanded privatisation plan through 2017 that will see such national champions as the Rosneft oil giant go fully private and the state retain only veto rights.The ... ...Wed 3rd August 2011 - 07:55am
Are handheld game consoles still relevant
Nintendo executives have slashed their own salaries as well as the price of its 3DS after a muted launch.So are handheld consoles under threat ...Wed 3rd August 2011 - 07:52am
Tiger wont fly again before next week
Grounded airline Tiger Airways Australia wont be flying again before next week at the earliest- with the air safety regulator still deciding whether to lift its suspension.A Federal Court hearing ... ...Wed 3rd August 2011 - 07:36am
Australia shares post biggest one-day loss in 14 months
MARKETS-AUSTRALIA-STOCKS UPDATE 2-Australia shares post biggest one-day loss in 14 months ...Wed 3rd August 2011 - 07:32am
Rome vows to boost growth as pressure mounts
Europe sought on Wednesday to ease unwarranted pressure on economic giants Italy and Spain- with Prime Minister Silvio Berlusconi calling for his country to urgently adopt a plan to revive ... ...Wed 3rd August 2011 - 07:29am
Local market sheds 26b to hit 11-month low
The Australian share market has fallen steeply for a second straight day- after US shares dropped for the eighth straight session on negative economic data.Local shares rallied on Monday following the ... ...Wed 3rd August 2011 - 07:26am
Time running out for EU carmakers- Fiat chief
Time is running out for European carmakers to address structural problems- Fiat chief Sergio Marchionne said Wednesday as he slammed government bailouts of his competitors.Weve got ... ...Wed 3rd August 2011 - 07:23am
Are handheld game consoles still relevant
Nintendo executives have slashed their own salaries as well as the price of its 3DS after a muted launch.We asked out readers- are handheld consoles under threat from smartphones ...Wed 3rd August 2011 - 07:22am
Russia includes Rosneft in expanded sell-off drive
Russia on Wednesday announced a broadly expanded privatisation plan through 2017 that will see such national champions as the Rosneft oil giant go fully private and the state retain only veto rights.The ... ...Wed 3rd August 2011 - 07:20am
Local market sheds 26b to 11-month low
The Australian share market has fallen steeply for a second straight day- after US shares dropped for the eighth straight session on negative economic data.Local shares rallied on Monday following the ... ...Wed 3rd August 2011 - 07:14am
Poor retail gazumps US debt deal
It was supposed to be a good day.Overnight- the US Congress ended a spiteful stand-off between the Republicans and Democrats and agreed to raise the limit on US government debt.That staved off the prospect ... ...Wed 3rd August 2011 - 06:55am
Broadband sticks to narrow track in Territory
The company delivering the National Broadband Network says fibre internet services will be delivered to homes and businesses from Darwin to Humpty Doo in the Northern Territory.NBN Co says mapping for ... ...Wed 3rd August 2011 - 06:55am
Lukoils Bulgaria refinery resumes operations
Bulgarias Lukoil Neftochim refinery has resumed operations- the company said Wednesday- after it almost halted production over a licensing row.All installations have resumed operations and are ... ...Wed 3rd August 2011 - 06:49am
Poor retail gazumps US debt deal
It was supposed to be a good day.Overnight- the US Congress ended a spiteful stand-off between the Republicans and Democrats and agreed to raise the limit on US government debt.That staved off the prospect ... ...Wed 3rd August 2011 - 06:47am
Saabs owner issues shares- says it can pay salaries
Swedish Automobile- the Dutch firm which owns beleaguered automaker Saab- said Wednesday it was issuing new shares and should be able to pay some of its workers this week for the month of July.Swedish ... ...Wed 3rd August 2011 - 06:41am
Media shares feel the pain
Fairfax Media shares hit a record low on Wednesday as the latest falls in consumer spending foreshadowed continuing weak advertising revenues for media companies.Fairfax- publisher of The Sydney Morning ... ...Wed 3rd August 2011 - 06:35am
Australia share index drops 2.3 percent to 11-month low
MARKETS-AUSTRALIA-STOCKS UPDATE 2-Australia share index drops 2.3 percent to 11-month low ...Wed 3rd August 2011 - 06:24am
Turnbull decries war on climate science
Opposition frontbencher Malcolm Turnbull has hit out against climate change sceptics on his side of politics- saying there has been a war on science that contradicts common sense.He also warned ... ...Wed 3rd August 2011 - 06:23am
Profit dives at Indias top mobile group Bharti
Indias top mobile phone firm Bharti Airtel reported Wednesday a worse-than-expected 28 percent dive in quarterly profit- hit by the costs of its Africa acquisition and investments in 3G.Net profit ... ...Wed 3rd August 2011 - 06:09am
India begins hearing Vodafone tax bill challenge
Indias top court began hearing a challenge Wednesday by British phone giant Vodafone to a huge tax bill over its purchase of a local phone operator in what is seen as a test case for foreign investors.India ... ...Wed 3rd August 2011 - 06:08am
Insurance companies scrutinised over responses
A public hearing into the response of the insurance industry following disasters is underway in Carnarvon.A federal parliamentary committee is in town today as part of its inquiry examining the responsiveness ... ...Wed 3rd August 2011 - 06:02am
Gunns share price tumbles
Shares in the Tasmanian timber company Gunns have taken a nose dive- trading down 12 per cent on the opening.The company has been trading at 22 cents- the lowest level on record.Financial analyst- Tony ... ...Wed 3rd August 2011 - 05:58am
Jetstar flights cancelled after crew confusion
Jetstar says it was forced to cancel two flights between Darwin and Vietnam yesterday because the crew was needed on another plane.Some of the 140 passengers affected have been redirected on flights through ... ...Wed 3rd August 2011 - 05:58am
Insurance companies scrutinised over responses
A public hearing into the response of the insurance industry following disasters is underway in Carnarvon.A federal parliamentary committee is in town today as part of its inquiry examining the responsiveness ... ...Wed 3rd August 2011 - 05:41am
Gunns share price tumbles
Shares in the Tasmanian timber company Gunns have taken a nose dive in todays trade- down 12 per cent on the opening.The company has been trading at 22 cents.Financial analyst Peter Warne says the ... ...Wed 3rd August 2011 - 05:28am
YAC questions FMG Solomon leases
Fortescue Metals Group insists it has all the approvals needed to proceed with its Solomon iron ore project- but Aboriginal landowners are questioning the validity of its mining leases.The project lies ... ...Wed 3rd August 2011 - 05:27am
New car sales fall again in July
The automotive industry says caution among consumers and supply issues are behind a fall in new car sales in July.The Federal Chamber of Automotive Industries says sales slipped 1.7 per cent in the month ... ...Wed 3rd August 2011 - 05:25am
No Chrysler IPO before 2013- Marchionne
Chrysler is not expected to launch an initial public stock offering before 2013- chief executive officer Sergio Marchionne told reporters Wednesday.Asked if an IPO could occur in 2012- Marchionne said ... ...Wed 3rd August 2011 - 05:25am
Gunns share price tumbles
Shares in the Tasmanian timber company Gunns have taken a nose dive in todays trade- down 12 per cent on the opening.The company has been trading at 22 cents.Financial analyst Peter Warne says the ... ...Wed 3rd August 2011 - 05:24am
EU rushes to ease unwarranted pressure on Italy- Spain
EU executive chief Jose Manuel Barroso moved to soothe financial markets and ease unwarranted pressure on economic giants Italy and Spain as Europe scrambled Wednesday to ward off fresh euro ... ...Wed 3rd August 2011 - 05:12am
Insurance companies scrutinised over flood response
A public hearing into the response of the insurance industry following disasters is underway in Carnarvon.A federal parliamentary committee is in town today as part of its inquiry examining the responsiveness ... ...Wed 3rd August 2011 - 05:00am
Sales drop could keep rates on hold
A big drop in department store sales in June has kept the retail sector sluggish and suggests interest rates should stay on hold- economists say.Retail spending fell 0.1 per cent in June to a seasonally-adjusted ... ...Wed 3rd August 2011 - 04:56am
Report condemns sea trawling method as destructive
A new report by a coalition of environmental groups says a type of fishing used across northern- western and parts of southern Australia is destroying the sea floor.Demersal fishing uses large nets to ... ...Wed 3rd August 2011 - 04:56am
Australian shares fall sharply on US dive
The Australian share market has fallen steeply for a second straight day- after US shares dropped for the eighth straight session on negative economic data.Local shares rallied on Monday following the ... ...Wed 3rd August 2011 - 04:55am
Samsung- Apple clash over tablet computer
Computing and electronics giant Apple has obtained a Federal Court order to prevent rival firm Samsung from selling its latest tablet computer in Australia.But Samsung says it had no plans to sell the ... ...Wed 3rd August 2011 - 04:53am
Local cars drive Holden sales
Holdens car sales in Australia are being driven by locally produced models- latest sales show.According to figures from the Federal Chamber of Automotive Industries FCAI Holden sold 10-819 vehicles ... ...Wed 3rd August 2011 - 04:50am
Spanish banks face new financing threat- analysts
Spanish banks may have to run to the European Central Bank for financing if the states debt risk premium reaches a critical level of 450 basis points- analysts warn.The risk premium on Spanish bonds ... ...Wed 3rd August 2011 - 04:46am
Australia posts another strong surplus
Australia has posted another trade surplus but it may prompt the central bank to raise interest rates- economists say.The fourth consecutive monthly trade surplus was posted in June as the Australian economy ... ...Wed 3rd August 2011 - 04:37am
Insurance companies under scrutiny over flood response
A public hearing into the response of the insurance industry following disasters is underway in Carnarvon.A federal parliamentary committee is in town today as part of its inquiry examining the responsiveness ... ...Wed 3rd August 2011 - 04:36am
Retail sales fall- surplus shrinks- dollar dives
Retail sales have continued to fall- at the same time that Australia has posted a trade surplus above 2 billion.The Bureau of Statistics retail trade figures for June show turnover fell 0.1 per cent in ... ...Wed 3rd August 2011 - 04:35am
Internet rivals iron ore in economic value- report
A report shows the internet has become as valuable as iron ore exports to the Australian economy.The study by Deloitte Access economics- funded by Google Australia- estimates the internet contributed 50 ... ...Wed 3rd August 2011 - 04:32am
EU chief says pressure on Italy- Spain unwarranted
Financial market pressure on Italy and Spain is clearly unwarranted but is cause for deep concern- European Commission President Jose Manuel Barroso said on Wednesday.The renewed ... ...Wed 3rd August 2011 - 04:30am
Australian shares fall sharply on US dive
The Australian share market has fallen steeply for a second straight day- after US shares dropped for the eighth straight session on negative economic data.Local shares rallied on Monday following the ... ...Wed 3rd August 2011 - 04:28am
Insurance companies under scrutiny over flood response
A public hearing into the response of the insurance industry following disasters is underway in Carnarvon.A federal parliamentary committee is in town today as part of its inquiry examining the responsiveness ... ...Wed 3rd August 2011 - 04:17am
Timber sell-off driven by Government- Treasury
Government bureaucrats have defended their role in a proposed forward sale of South Australian forests.At a parliamentary inquiry hearing in Adelaide- two officials from Treasury said it had been a Government ... ...Wed 3rd August 2011 - 04:02am
Retail sales fall- surplus shrinks- dollar dives
Retail sales have continued to fall- at the same time that Australia has posted a trade surplus above 2 billion.The Bureau of Statistics retail trade figures for June show turnover fell 0.1 per cent in ... ...Wed 3rd August 2011 - 03:43am
Retail sales fall- surplus shrinks- dollar dives
Retail sales have continued to fall- at the same time that Australia has posted a trade surplus above 2 billion.The Bureau of Statistics retail trade figures for June show turnover fell 0.1 per cent in ... ...Wed 3rd August 2011 - 03:35am
Export deport could shut down as business slows
The owner of the Hedland Export Depot says he could be forced to close the business if cattle exports out of Port Hedland do not pick up soon.Paul Brown says has the holding yards future is in jeopardy ... ...Wed 3rd August 2011 - 03:21am
Timber sell-off driven by Government- Treasury
Government bureaucrats have defended their role in a proposed forward sale of South Australian forests.At a parliamentary inquiry hearing in Adelaide- two officials from Treasury said it had been a Government ... ...Wed 3rd August 2011 - 02:59am
Retail sales fall- surplus shrinks- dollar dives
Retail sales have continued to fall- at the same time that Australia has posted a trade surplus above 2 billion.The Bureau of Statistics retail trade figures for June show turnover fell 0.1 per cent in ... ...Wed 3rd August 2011 - 02:46am
Retail spending falls for a second month
Retail spending fell for the second consecutive month- which justified the central bank keeping the cash rate on hold for now- economists said.The Reserve Bank of Australia RBA decided to keep the cash ... ...Wed 3rd August 2011 - 02:44am
Services industry declines for 10th straight month
Activity in Australias services industry in July was almost unchanged from the previous month- with most sectors remaining weak.The latest Performance of Services Index by the Australian Industry ... ...Wed 3rd August 2011 - 02:34am
Weak spending hurts media shares
Australian media shares have hit long-term lows as data shows consumers have cut their spending here and in the United States- which will affect advertising revenues.Fairfax Media is the worst hit by the ... ...Wed 3rd August 2011 - 02:28am
Vehicle plate scans aim to combat crime
Northern Territory Police are rolling out new vehicle numberplate scanners in an effort to combat drug and alcohol smuggling.Five scanners will be installed in police cars in Darwin- Katherine and Alice ... ...Wed 3rd August 2011 - 02:25am
Retail spending falls for a second month
Retail spending fell for the second consecutive month- which justified the central bank keeping the cash rate on hold for now- economists said.The Reserve Bank of Australia RBA decided to keep the cash ... ...Wed 3rd August 2011 - 02:22am
Australia posts another strong surplus
Australia continues to post strong trade surplus- but it may mean the central bank will have to raise the cash rate- economists say.The Australian trade surplus narrowed in June- to 2.052 billion- seasonally ... ...Wed 3rd August 2011 - 02:22am
Retail sales fall- surplus shrinks- dollar dives
Retail sales have continued to fall- at the same time that Australia has posted a trade surplus above 2 billion.The Bureau of Statistics retail trade figures for June show turnover fell 0.1 per cent in ... ...Wed 3rd August 2011 - 02:20am
Tiger still grounded after hearing adjourned
Tiger Airways flights will remain grounded until at least Friday- after a Federal Court hearing involving the airline and the Civil Aviation Safety Authority CASA was again adjourned.CASA has issued ... ...Wed 3rd August 2011 - 02:19am
RACQ backflip still wont pay out full flood claims
Legal Aid says the flood victims at Ipswich- west of Brisbane- whose claims will now be honoured by RACQ Insurance- are not expected to get a full payout.The insurance company has reversed its original ... ...Wed 3rd August 2011 - 02:16am
Timber sell-off driven by Government- Treasury
Government bureaucrats have defended their role in a proposed forward sale of South Australian forests.At a parliamentary inquiry hearing in Adelaide- two officials from Treasury said it had been a Government ... ...Wed 3rd August 2011 - 02:15am
Retail trade down 0.1 in June
Retail spending fell 0.1 per cent in June- according to official figures.Retail trade fell in the month- to a seasonally adjusted 20.540 billion- compared to a downwardly revised 20.567 billion in May- ... ...Wed 3rd August 2011 - 02:02am
Australia shares tumble 2 pct BHP at 10-month low
MARKETS-AUSTRALIA-STOCKS UPDATE 1-Australia shares tumble 2 pct BHP at 10-month low ...Wed 3rd August 2011 - 02:02am
Retail spending fall for a second month
Retail spending fell for the second consecutive month- which justified the central bank keeping the cash rate on hold for now- economists said.The Reserve Bank of of Australia RBA decided to keep the ... ...Wed 3rd August 2011 - 02:01am
A down on fall in retail spending
The Australian dollar has dropped sharply after the release of weak retail spending figures.Retail spending fell 0.1 per cent in June- according to official figures- while economists had forecast a 0.4 ... ...Wed 3rd August 2011 - 01:51am
Aust trade surplus narrows in June
The Australian trade surplus narrowed in June- the Australian Bureau of Statistics ABS said.The balance of goods and services was a surplus of 2.052 billion in June- seasonally adjusted- compared with ... ...Wed 3rd August 2011 - 01:34am
Retail trade down 0.1 in June
Retail spending fell 0.1 per cent in June- according to official figures.Retail trade fell in the month- to a seasonally adjusted 20.540 billion- compared to a downwardly revised 20.567 billion in May- ... ...Wed 3rd August 2011 - 01:33am
RACQ backflip still wont pay out full flood claims
Legal Aid says the flood victims at Ipswich- west of Brisbane- whose claims will now be honoured by RACQ Insurance- are not expected to get a full pay-out.The insurance company has reversed its original ... ...Wed 3rd August 2011 - 12:38am
RACQ backflip still wont pay out full flood claims
Legal Aid says the flood victims at Ipswich- west of Brisbane- whose claims will now be honoured by RACQ Insurance- are not expected to get a full pay-out.The insurance company has reversed its original ... ...Wed 3rd August 2011 - 12:37am
Mambo drops Mabo trademark dispute
Australian clothing company Mambo has dropped its trademark dispute with the son of the late Indigenous land rights activist Eddie Mabo.Malcolm Mabo wants to use the family name for a clothing business ... ...Wed 3rd August 2011 - 12:22am
RACQ backflip still wont pay out full flood claims
Legal Aid says the flood victims at Ipswich- west of Brisbane- whose claims will now be honoured by RACQ Insurance- are not expected to get a full pay-out.The insurance company has reversed its original ... ...Wed 3rd August 2011 - 12:17am
Australia shares dive 1.9 pct to 11-month lows
MARKETS-AUSTRALIA-STOCKS-Australia shares dive 1.9 pct to 11-month lows ...Wed 3rd August 2011 - 12:17am
Mambo drops Mabo trademark dispute
Australian clothing company Mambo has dropped its trademark dispute with the son of the late Indigenous land rights activist Eddie Mabo.Malcolm Mabo wants to use the family name for a clothing business ... ...Wed 3rd August 2011 - 12:01am
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