Finance News, Tuesday 9th August 2011
Stockland posts 58 pct profit rise
Developer Stockland has posted a 58 per cent rise in annual profit- and says it expects to maintain earnings in the current year.Stockland said on Wednesday net profit for 2010-11 was 754.6 million- up ... ...Tue 9th August 2011 - 11:57pm
Cattle ban compensation to have little effect- Redman
The Agriculture Minister Terry Redman says a Federal Government decision to compensate cattle exporters affected by the live export ban will not get the trade back to what it was before the ban.He says ... ...Tue 9th August 2011 - 11:39pm
Australia shares seen extending gains futures up 80 points
MARKETS-AUSTRALIA-STOCKS-Australia shares seen extending gains futures up 80 points ...Tue 9th August 2011 - 11:37pm
Computershare FY profit falls 10.4
Computershare Ltds full year profit declined by 10.4 per cent as the share registry services provider said it was cautious because of the current market volatility.Net profit fell to 264.09 million ... ...Tue 9th August 2011 - 11:35pm
Commonwealth Bank posts record 6.4 billion profit
The Commonwealth Bank has posted a 13 per cent rise in its full-year profit- taking it to 6.4 billion.The banking sectors preferred measure of cash profit was up 12 per cent to just over 6.8 billion- ... ...Tue 9th August 2011 - 11:28pm
Report recommends WA develop more reliable gas supply
A report into domestic gas prices has recommended the state develop a more reliable supply.The parliamentary committee report follows the explosion that occurred at Apache Energys facility on Varanus ... ...Tue 9th August 2011 - 11:25pm
Forest deal prompts election call
There are increasing calls for the Tasmanian Government to call an election in the face of growing opposition to the 276 million agreement to halve the native logging industry.A southern Tasmanian log ... ...Tue 9th August 2011 - 11:23pm
CBA posts 13 rise in full year profit
Commonwealth Bank of Australia Ltd has posted a 13 per cent rise in full year profit- but warned that economic instability overseas could push up funding costs.CBA said net profit for 2010-11 was 6.394 ... ...Tue 9th August 2011 - 11:12pm
Stockland posts 58 pct profit rise
Developer Stockland has posted a 58 per cent rise in annual profit- and says it expects to maintain earnings in the current year.Stockland said on Wednesday net profit for 2010-11 was 754.6 million- up ... ...Tue 9th August 2011 - 11:12pm
Report recommends WA develop more reliable gas supply
A report into domestic gas prices has recommended the state develop more a reliable supply.The parliamentary committee report follows the explosion that occurred at Apache Energys facility on Varanus ... ...Tue 9th August 2011 - 11:10pm
Report recommends WA develop more reliable gas supply
A report into domestic gas prices has recommended the state develop more a reliable supply.The parliamentary committee report follows the explosion that occurred at Apache Energys facility on Varanus ... ...Tue 9th August 2011 - 11:04pm
Dominos annual profit up 20 pct
Dominos Pizza Enterprises Ltd has increased full year profit by 20 per cent per cent- and says it expects another 15 per cent rise in the current year.Net profit rose to 21.345 million for the 12 ... ...Tue 9th August 2011 - 11:00pm
CBA posts 13 rise in full year profit
Commonwealth Bank of Australia Ltd has posted a 13 per cent rise in full year profit- but warned that economic instability overseas could push up funding costs.CBA said net profit for 2010-11 was 6.394 ... ...Tue 9th August 2011 - 10:57pm
CBA posts 13 full year profit rise
Commonwealth Bank of Australia Ltd has posted a 13 per cent rise in full year profit- but warned that economic instability overseas could push up funding costs.CBA said net profit for 2010-11 was 6.394 ... ...Tue 9th August 2011 - 10:45pm
Dominos annual profit up 20 pct
Dominos Pizza Enterprises Ltd has increased full year profit by 20 per cent per cent- and says it expects another 15 per cent rise in the current year.Net profit rose to 21.345 million for the 12 ... ...Tue 9th August 2011 - 10:45pm
US stocks soar after Fed pledges low rates
The US Federal Reserve guaranteed super-low interest rates for two more years - an unprecedented step to arrest the alarming decline of the stock market and the economy.Wall Street roared its approval ... ...Tue 9th August 2011 - 10:44pm
CBA posts 13 FY profit rise
Commonwealth Bank of Australia Ltd has posted a 13 per cent rise in full year profit- but warned that economic instability overseas could push up funding costs.CBA said net profit for 2010-11 was 6.394 ... ...Tue 9th August 2011 - 10:43pm
Australia behind on mine collision safety
Queenslands mine safety and health commissioner says Australias mining industry is falling behind international leaders in some aspects of safety.Commissioner Stewart Bell has addressed Mackays ... ...Tue 9th August 2011 - 10:07pm
Spain rejects need for rescue
Spain rejected outright on Tuesday any need for a rescue to avert a sovereign debt crisis even as European Central Bank intervention halted a market attack on its bonds.Fears that the major European economies ... ...Tue 9th August 2011 - 09:48pm
Fed to keep rates near zero for two years
The Federal Reserve said on Tuesday that it will likely keep interest rates at record lows for the next two years after acknowledging that the US economy is weaker than it had thought and faces increasing ... ...Tue 9th August 2011 - 09:46pm
Figures reveal Bowen Basin mining boom
New State Government figures show more than 50 mining projects are being considered for the Bowen Basin in central Queensland worth 25 billion.The register of Central Queensland Coal Development projects ... ...Tue 9th August 2011 - 09:41pm
SPC to close Mooroopna plant
After months of speculation- the parent company of SPC Ardmona- Coca Cola Amatil CCA has announced it will close one of its three manufacturing facilities in the Goulburn Valley in northern Victoria.The ... ...Tue 9th August 2011 - 09:34pm
Figures reveal Bowen Basin mining boom
New State Government figures show more than 50 mining projects are being considered for the Bowen Basin in central Queensland worth 25 billion.The register of Central Queensland Coal Development projects ... ...Tue 9th August 2011 - 09:33pm
First cattle shipment ready for Indonesia
The first shipment of live cattle from the Northern Territory since the suspension of live exports will leave for Indonesia today.The agricultural group Elders will load its first shipment since the Federal ... ...Tue 9th August 2011 - 09:33pm
More people see live music than AFL games
New research has found live music contributes more than 500 million to Victorias economy each year.The Deloitte Access Economics report has found more Victorians attended live music venues last year ... ...Tue 9th August 2011 - 09:24pm
US workers less productive
US workers were less productive in the spring for the second quarter in a row- a trend that may not bode well for future hiring.Productivity dropped 0.3 per cent in the April-June quarter- following a ... ...Tue 9th August 2011 - 09:18pm
Fed predicts exceptionally low rates
The Federal Reserve Board predicted on Tuesday that the US economy would remain weak enough for the next two years to require central-bank interest rates at or near current record lows.The board said it ... ...Tue 9th August 2011 - 09:17pm
ECB urges Spain- Italy to act on deficits
The head of the European Central Bank Jean-Claude Trichet on Tuesday called on Italy and Spain to hasten their return to normal budgetary situations and on leaders of the wider eurozone to ... ...Tue 9th August 2011 - 09:16pm
Oil demand will rise more slowly
Demand for oil in 2011 and 2012 will rise by less than previously forecast because of sluggish economic growth in the rich world- according to latest forecast published on Tuesday by the Organisation of ... ...Tue 9th August 2011 - 08:36pm
Spain rejects need for rescue
Spain rejected outright on Tuesday any need for a rescue to avert a sovereign debt crisis even as European Central Bank intervention halted a market attack on its bonds.Fears that the major European economies ... ...Tue 9th August 2011 - 07:06pm
Fed to keep rates near zero for two years
The Federal Reserve said on Tuesday that it will likely keep interest rates at record lows for the next two years after acknowledging that the US economy is weaker than it had thought and faces increasing ... ...Tue 9th August 2011 - 06:41pm
Apple briefly tops Exxon in market value
Apple briefly surpassed Exxon Mobil on Tuesday to become the largest US company in terms of market value.The market capitalisation of both Apple and Exxon Mobil was more than US340 billion A334.98 billion ... ...Tue 9th August 2011 - 06:32pm
European stocks move higher
European stocks moved higher on Tuesday after a day of extreme volatility- with markets blowing hot and cold as dealers waited for news of fresh monetary measures from the US Federal Reserve.Soaring Chinese ... ...Tue 9th August 2011 - 05:15pm
US stocks rebound after Mondays rout
US stocks rebounded strongly in early trade Tuesday- surging well over one per cent one day after their steepest plunge since the 2008 financial crisis.The Dow Jones Industrial Average added more than ... ...Tue 9th August 2011 - 02:41pm
Russia to inject liquidity into market
Prime Minister Vladimir Putin on Tuesday said his government was ready to pump liquidity into the Russian market after a US debt downgrade hit domestic stocks and the ruble.We in Russia believe that ... ...Tue 9th August 2011 - 02:13pm
Commonwealth Bank of Australia profit up 13 percent
Australias biggest bank- the Commonwealth- on Wednesday posted a 13 percent rise in full-year profit- but warned that global volatility could push up funding costs.The countrys top home lender ... ...Tue 9th August 2011 - 02:01pm
US stocks surge after Mondays rout
US stocks opened higher on Tuesday following Mondays rout- with the Dow rising 1.2 per cent in the opening minutes.The broader S-ampP 500 index jumped 1.2 per cent- while the Nasdaq added 1.5 per cent.... ...Tue 9th August 2011 - 01:39pm
Commonwealth Bank of Australia profit up 13 percent
Australias biggest bank- the Commonwealth- on Wednesday posted a 13 percent rise in full-year profit- but warned that global volatility could push up funding costs.The countrys top home lender ... ...Tue 9th August 2011 - 01:32pm
US- European stocks bounce back
US and European stocks rebounded Tuesday from Mondays huge losses in sharp swings that reflected worries about economic weakness on both sides of the Atlantic.Wall Street bulls drove the Dow Jones ... ...Tue 9th August 2011 - 12:22pm
Female quotas detrimental to change- lobby groups
The lobby group for corporate directors says any move to have quotas for women on company boards would be detrimental to ensuring cultural change.The Australian Institute of Company Directors has released ... ...Tue 9th August 2011 - 12:20pm
SPC to close Mooroopna plant
After months of speculation- the parent company of SPC Ardmona- Coca Cola Amatil CCA has announced it will close one of its three manufacturing facilities in the Goulburn Valley in northern Victoria.The ... ...Tue 9th August 2011 - 12:09pm
Apple briefly tops ExxonMobil in market cap
Apple briefly surged past ExxonMobil on Tuesday to become the largest US company in terms of market value.The California gadget-maker surpassed the oil giant in market capitalization shortly after mid-day ... ...Tue 9th August 2011 - 11:13am
US stocks in solid rebound- Dow up nearly 4
US stocks rebounded strongly Tuesday- with the Dow jumping nearly four percent after plummeting Monday on the shock of Standard -amp Poors downgrade of the US credit rating.The Dow Jones Industrial Average ... ...Tue 9th August 2011 - 10:51am
AOL shares sink more than 25
Shares in Internet company AOL plunged more than 25 percent Tuesday on Wall Street as the first quarterly increase in advertising revenue in three years failed to encourage investors.AOL posted a net loss ... ...Tue 9th August 2011 - 10:33am
Global stocks plunge deeper
Global stocks have slumped further as soaring Chinese inflation fanned fears of a new sharp economic slowdown as investors sought fresh assurances from the US Federal Reserve.European shares plunged in ... ...Tue 9th August 2011 - 10:27am
US stocks in solid rebound- Dow up nearly 4
US stocks rebounded strongly Tuesday- with the Dow jumping nearly four percent after plummeting Monday on the shock of Standard -amp Poors downgrade of the US credit rating.The Dow Jones Industrial Average ... ...Tue 9th August 2011 - 10:22am
Oil prices fall after Fed lowers growth outlook
Oil prices tumbled again Tuesday after the Federal Reserve said it would keep interest rates exceptionally low for another two years to help prop up slower than expected US economic growth.New Yorks ... ...Tue 9th August 2011 - 10:10am
US stocks surge- Dow up almost 4
US stocks rebounded strongly Tuesday- with the Dow jumping almost 4.0 percent after Mondays 5.0 percent-plus plunge.The broader S-ampP 500 climbed 4.75 percent- while the tech-heavy Nasdaq surged percent ... ...Tue 9th August 2011 - 10:05am
Global stocks plunge deeper
Global stocks have slumped further as soaring Chinese inflation fanned fears of a new sharp economic slowdown as investors sought fresh assurances from the US Federal Reserve.European shares plunged in ... ...Tue 9th August 2011 - 09:57am
Japans TEPCO logs A7.2bn quarterly loss
The operator of Japans crippled Fukushima nuclear plant- Tokyo Electric Power Company TEPCO- has reported a first-quarter loss of 571.8 billion yen A7.2 billion following the March radiation ... ...Tue 9th August 2011 - 09:41am
AirAsia and Malaysia Airlines tie-up
Fast-growing budget airline AirAsia will acquire 20.5 per cent of ailing flag carrier Malaysia Airlines in a share swap that will see the fierce rivals join forces- the carriers say.The deal also gives ... ...Tue 9th August 2011 - 09:29am
Trichet calls on eurozone govts to do their duty
European Central Bank chief Jean-Claude Trichet on Tuesday called on European governments- notably Italy and Spain- to do their duty in reducing public deficits and stabilising their finances.In ... ...Tue 9th August 2011 - 09:07am
Fed vows low rates for two more years
The Federal Reserve pledged Tuesday to hold interest rates near zero for two more years and said it was mulling the tools it has to boost a slowing economy.Meeting as worries grew of a new recession- the ... ...Tue 9th August 2011 - 08:55am
Apple briefly tops ExxonMobil in market cap
Apple briefly surpassed ExxonMobil on Tuesday to become the largest US company in terms of market value.The market capitalization of both Apple and ExxonMobil was more than 340 billion with the California ... ...Tue 9th August 2011 - 08:48am
GDF Suez expected to ink Chinese fund deal
French energy group GDF Suez was on Tuesday set to sign an alliance with Chinese sovereign wealth fund CIC- sources close to the deal said.China Investment Corporation was expected to take a 30 percent ... ...Tue 9th August 2011 - 08:30am
US Senators urge sanctions on Iran finances
An overwhelming majority of the US Senate urged President Barack Obama on Tuesday to impose crippling sanctions on Irans financial system in a bid to hinder its suspect nuclear program.The ... ...Tue 9th August 2011 - 08:25am
CBA- Westpac cut mortgage interest rates
Commonwealth Bank of Australia and Westpac have joined the growing number of lenders cutting home loan interest rates.CBA was the first of the big four banks to move- announcing a cut to interest rates ... ...Tue 9th August 2011 - 08:03am
Asia stocks slip on economy fears
Asian stocks have mostly fallen- extending recent losses amid fears about the global economy but well off the troughs seen earlier as dealers looked to a key meeting of the US Fed later in the day.Gold ... ...Tue 9th August 2011 - 07:39am
Shield consumers from fees- Swan urged
Federal Treasurer Wayne Swan should protect consumers from rising EFTPOS transaction fees- the NSW government says.From October- merchants banks will be charged a five-cent fee.This will reverse an ... ...Tue 9th August 2011 - 07:37am
NABs on track for 5.5 billion FY profit
National Australia Bank NAB is on track to deliver an annual cash profit higher than 5.5 billion after strong June quarter earnings emphasised the return of margin growth for the bank.Australias ... ...Tue 9th August 2011 - 07:32am
Bradken stays positive about future
Mining and rail equipment maker Bradken says Chinas growth made it bullish about the year ahead- despite posting a drop in net profit.Bradken announced a 4.1 per cent fall in net profit to 67.56 ... ...Tue 9th August 2011 - 07:26am
China urges concrete and responsible actions on debt
Chinas Premier Wen Jiabao on Tuesday called on relevant nations to take concrete and responsible fiscal and monetary policies to restore the confidence of global investors.Wens ... ...Tue 9th August 2011 - 07:14am
Cochlear continues to expand worldwide
Hearing implant company Cochlear says it will continue to expand its business worldwide after shrugging off difficult global financial conditions to report a record profit.The company- which operates in ... ...Tue 9th August 2011 - 07:04am
Markets fall then rebound on historic day
What a rollercoaster ride.Pure panic after a fall of more than five per cent on Wall Street led to another massive plunge on the Australian share market on Tuesday morning.Shares lost over 40 billion ... ...Tue 9th August 2011 - 06:56am
Asian stock markets stabilising
Asian stocks markets are stabilising after a day of dramatic plunges as futures point to a measure of calm returning to Wall Street following the Dows sixth worst decline in the last 112 years.To ... ...Tue 9th August 2011 - 06:54am
CBA cuts fixed home loan rates
Commonwealth Bank of Australia has cut interest rates on its fixed rate home loans by up to 60 basis points.Australias largest lender said the fixed rates for its one to five year products will now ... ...Tue 9th August 2011 - 06:52am
Bruised markets look to Fed for monetary balm
Bruised financial markets rebounded Tuesday as they looked to the US Federal Reserve for signs of stimulus- while politicians tried to restore confidence in their ability to tackle deficit and debt woes.With ... ...Tue 9th August 2011 - 06:49am
Australia shares make dramatic recovery CBA up 3.6 pct
MARKETS-AUSTRALIA-STOCKS- UPDATE 6-Australia shares make dramatic recovery CBA up 3.6 pct ...Tue 9th August 2011 - 06:45am
Aust at risk from hysteria- not US rating
Once again- the livelihood of Australian businesses- consumers and workers is at risk - not because the US has lost its prized AAA rating- but due to hysteria gripping financial markets in its wake.The ... ...Tue 9th August 2011 - 06:42am
Phone-hacking crisis hangs over News Corp
Rupert Murdochs News Corp holds a meeting of its board of directors and releases its fiscal year-end quarterly results this week as it grapples with the biggest crisis in its history.The phone-hacking ... ...Tue 9th August 2011 - 06:38am
Telstra tipped to report net profit fall
Telstra is tipped to report a double-digit decline in net profit on Thursday- as its year-long bid to capture more customers eats into the bottom line.The telco earmarked 1 billion over 2010-11 to expand ... ...Tue 9th August 2011 - 06:32am
Bruised markets look to Fed for monetary balm
Bruised financial markets looked Tuesday to the US Federal Reserve for signs of monetary stimulus as political leaders tried to restore trust in their ability to tackle dogged deficit and debt woes.A Federal ... ...Tue 9th August 2011 - 06:25am
Centro amalgamation aims to cancel debt
Debt-laden Centro Properties Group will consolidate its complicated funds structure into a new- publicly listed 7 billion shopping centre owner and manager.The detailed plan involves the cancellation ... ...Tue 9th August 2011 - 06:23am
Australia shares defy gloom- gain 1.2 pct after early rout
MARKETS-AUSTRALIA-STOCKS- UPDATE 5-Australia shares defy gloom- gain 1.2 pct after early rout ...Tue 9th August 2011 - 06:21am
Home loans steady- investors pull out
The owner occupied housing sector is holding steady in the face of poor consumer confidence- while investors have taken a break- economists say.The number of home loans approved in June rose by just eight ... ...Tue 9th August 2011 - 06:21am
News Corp results driven by TV and film
News Corporation shares are being pounded amid the ongoing UK phone hacking scandal and general market distress in recent days.But Rupert Murdochs global media giant is expected to release full year ... ...Tue 9th August 2011 - 06:19am
Oil prices hit multi-month lows before rebounding
World oil prices hit multi-month lows on Tuesday- hit by global economic fears- but rebounded in afternoon deals as investors eyed recovering stock markets ahead of a US interest rate decision.In early ... ...Tue 9th August 2011 - 06:08am
NAB says operating conditions challenging
National Australia Bank has reported cash earnings for the June quarter of 1.4 billion in what it described as challenging operating conditions.Shares in NAB dropped 5.5 per cent- or 1.14- ... ...Tue 9th August 2011 - 05:49am
Westpac cuts rate on 3-year fixed mortgage
Westpac Banking Corporation has cut the interest rate on its three-year fixed rate home loan by 20 basis points.Westpac on Tuesday said the three-year fixed rate for its Premier Advantage package had been ... ...Tue 9th August 2011 - 05:49am
Australia shares stage dramatic recovery- banks lead
MARKETS-AUSTRALIA-STOCKS- UPDATE 4-Australia shares stage dramatic recovery- banks lead ...Tue 9th August 2011 - 05:34am
Sydney container trade vols hit new high
Demand for cheaper imported goods has lifted the movement of trade containers through Sydneys main port to an annual record high.Sydney Ports Corporation says container traffic at Port Botany reached ... ...Tue 9th August 2011 - 05:34am
Cochlear posts record profit- expanding
Cochlear Ltd has shrugged off difficult global financial conditions by increasing full year profit by 16 per cent to a record as it continues to expand worldwide.The company says there will be ongoing ... ...Tue 9th August 2011 - 04:48am
Centro agrees to create on single entity
The debt-laden Centro Properties Group will consolidate its separate funds into one single listed entity on the Australian Securities Exchange ASX.Centro Retail- which owns the groups shopping centre ... ...Tue 9th August 2011 - 04:48am
Business survey shows growth slowing
The economy is growing below its trend rate and continues to lose momentum- the National Australia Banks monthly business survey has found.The survey was undertaken in July.The NABs economists ... ...Tue 9th August 2011 - 04:44am
Top companies lead way on diversity
Mid-sized public companies still havent got the message about increasing the number of women in senior roles- Macquarie Group chairman Kevin McCann says.New statistics show about 20 per cent of directors ... ...Tue 9th August 2011 - 04:27am
CCA profit slumps- 150 SPCA jobs axed
Coca-Cola Amatils CCA first half profit has slumped nearly 28 per cent as it was forced to restructure its struggling SPC Ardmona SPCA business in Victoria at a cost of 150 jobs.The soft drink ... ...Tue 9th August 2011 - 04:06am
Centro agrees to create on single entity
The debt-laden Centro Properties Group will consolidate its separate funds into one single listed entity on the Australian Securities Exchange ASX.Centro Retail- which owns the groups shopping centre ... ...Tue 9th August 2011 - 04:03am
Australia shares cut losses- off 1.9 pct
MARKETS-AUSTRALIA-STOCKS-EASE URGENT-Australia shares cut losses- off 1.9 pct ...Tue 9th August 2011 - 03:50am
Approved home loans rise slightly in June
Official figures show the owner occupied housing sector is holding up well- and wont affect the outlook for interest rates- economists say.The number of home loans approved in June rose slightly to ... ...Tue 9th August 2011 - 03:50am
Major iron ore project in the Pilbara one step closer
The Environmental Protection Authority has recommended the State Government approve Aquila Resources West Pilbara iron ore project.The project involves the development of eight iron ore deposits south ... ...Tue 9th August 2011 - 03:49am
Uncertainty rules floundering markets
Its a time investors will prefer to forget but will be doomed to remember.Loss of confidence is not a pretty thing to see- said Societe Generale foreign exchange analyst Sebastian Galy ... ...Tue 9th August 2011 - 03:38am
A major iron ore project in the Pilbara is one step closer
The Environmental Protection Authority has recommended the State Government approve Aquila Resources West Pilbara iron ore project.The project involves the development of eight iron ore deposits south ... ...Tue 9th August 2011 - 03:36am
Business survey weak before market turmoil
The latest leading Australian business survey shows trading conditions deteriorated and confidence remained subdued- even before the last weeks market rout.National Australia Banks monthly business ... ...Tue 9th August 2011 - 03:31am
Business survey weak before market turmoil
The latest leading Australian business survey shows trading conditions deteriorated and confidence remained subdued- even before the last weeks market rout.National Australia Banks monthly business ... ...Tue 9th August 2011 - 03:21am
City champagne sippers blamed for forest deal
Opposition to Tasmanias forest peace agreement appears to be growing- with the states largest business lobby and another industry group speaking out against the deal.The Tasmanian Chamber of ... ...Tue 9th August 2011 - 03:19am
Business survey weak before market turmoil
The latest leading Australian business survey shows trading conditions deteriorated and confidence remains subdued- even before the last weeks market rout.National Australia Banks monthly business ... ...Tue 9th August 2011 - 03:16am
City champagne sippers blamed for forest deal
Opposition to Tasmanias forest peace agreement appears to be growing- with the states largest business lobby and another industry group speaking out against the deal.The Tasmanian Chamber of ... ...Tue 9th August 2011 - 03:16am
Pushing ahead with plans for single petroleum regulator
The Federal Resources Minister has warned there must be no delay in introducing a new national petroleum regulator to help prevent major disasters like the Montara oil spill and the Varanus Island gas ... ...Tue 9th August 2011 - 03:11am
Pushing ahead with plans for single petroleum regulator
The Federal Resources Minister has warned there must be no delay in introducing a new national petroleum regulator to help prevent major disasters like the Montara oil spill and the Varanus Island gas ... ...Tue 9th August 2011 - 03:04am
China says inflation surges 6.5 per cent
China says its politically sensitive inflation rate rose 6.5 per cent in July to its highest level in more than three years- as the government struggles to rein in soaring food costs.The countrys ... ...Tue 9th August 2011 - 02:50am
CCA profit slumps- 150 SPCA jobs axed
Coca-Cola Amatils CCA first half profit has slumped nearly 28 per cent as it was forced to restructure its struggling SPC Ardmona SPCA business in Victoria at a cost of 150 jobs.The soft drink ... ...Tue 9th August 2011 - 02:46am
SPC to close Mooroopna plant
After months of speculation- the parent company of SPC Ardmona- Coca Cola Amatil CCA has announced it will close one of its three manufacturing facilities in the Goulburn Valley in northern Victoria.The ... ...Tue 9th August 2011 - 02:36am
Approved home loans rise slightly in June
Official figures show the owner occupied housing sector is holding up well- and wont affect the outlook for interest rates- economists say.The number of home loans approved in June rose slightly to ... ...Tue 9th August 2011 - 02:28am
Pushing ahead with plans for single petroleum regulator
The Federal Resources Minister has warned there must be no delay in introducing a new national petroleum regulator to help prevent major disasters like the Montara oil spill and the Varanus Island gas ... ...Tue 9th August 2011 - 02:22am
More people see live music than AFL games
New research has found live music contributes more than 500 million to Victorias economy each year.The Deloitte Access Economics report has found more Victorians attended live music venues last year ... ...Tue 9th August 2011 - 02:20am
Cochlear posts record profit- expanding
Cochlear Ltd has shrugged off difficult global financial conditions by increasing full year profit by 16 per cent to a record as it continues to expand worldwide.The company says there will be ongoing ... ...Tue 9th August 2011 - 02:19am
Value of home loans falls slightly in June
The number of home loans approved in June fell slightly to 49-175 from 49-437 in May- official data shows.Economists forecasts had centred on a 0.8 per cent rise in housing finance commitments for ... ...Tue 9th August 2011 - 02:16am
City champagne sippers blamed for forest deal
Opposition to Tasmanias forest peace agreement appears to be growing- with the states largest business lobby and another industry group speaking out against the deal.The Tasmanian Chamber of ... ...Tue 9th August 2011 - 02:08am
China says July inflation up 6.5
Chinas consumer price index rose 6.5 per cent in July from a year earlier- the highest inflation rate in more than three years- the government said on Tuesday.The July reading is likely to fuel concern ... ...Tue 9th August 2011 - 01:55am
Business survey shows growth slowing
The economy is growing below its trend rate and continuing to lose momentum- the National Australia Banks monthly business survey has found.The survey was undertaken in July.The NABs economists ... ...Tue 9th August 2011 - 01:52am
Home loans fall slightly in June
The number of home loans approved in June fell slightly to 49-175 from 49-437 in May- official data shows.Economists forecasts had centred on a 0.8 per cent rise in housing finance commitments for ... ...Tue 9th August 2011 - 01:50am
Cochlear posts record profit amid problems
Cochlear Ltd has shrugged off difficult global financial conditions to post a record 16 per cent full year profit as it continues to expand worldwide.The company says there will be ongoing demand for its ... ...Tue 9th August 2011 - 01:49am
SPC to close Mooroopna plant
After months of speculation- the parent company of SPC Ardmona- Coca Cola Amatil CCA has announced it will close one of its three manufacturing facilities in the Goulburn Valley in northern Victoria.The ... ...Tue 9th August 2011 - 01:39am
SPC to close Mooroopna plant
After months of speculation- the parent company of SPC Ardmona- Coca Cola Amatil CCA has announced it will close one of its three manufacturing facilities in the Goulburn Valley in northern Victoria.The ... ...Tue 9th August 2011 - 01:36am
NAB posts profit rise
National Australia Bank has posted a solid increase in its third-quarter profit- but is warning of continuing tough conditions in domestic and international markets.NAB made a cash profit of 1.4 billion ... ...Tue 9th August 2011 - 01:35am
Australia shares sink 5- only gold miners spared
MARKETS-AUSTRALIA-STOCKS-OPEN UPDATE 2-Australia shares sink 5- only gold miners spared ...Tue 9th August 2011 - 01:35am
Home loans fall slightly in June
The number of home loans approved in June fell slightly to 49-175 from 49-437 in May- official data shows.Economists forecasts had centred on a 0.8 per cent rise in housing finance commitments for ... ...Tue 9th August 2011 - 01:33am
SPC to close Mooroopna plant
After months of speculation- the parent company of SPC Ardmona- Coca Cola Amatil CCA has announced it will close one of its three manufacturing facilities in the Goulburn Valley in northern Victoria.The ... ...Tue 9th August 2011 - 01:06am
Cochlear FY profit up 16 to record
Cochlear Ltd has increased full year profit 16 per cent to a record- and the company says there will be ongoing demand for its hearing implant products from both developed and emerging markets.Net profit ... ...Tue 9th August 2011 - 12:51am
Australian shares slump on US crash
The Australian share market has continued its slump- following Wall Streets steep fall last night.With all companies now trading- the All Ordinaries index posted an initial fall of almost 4 per cent ... ...Tue 9th August 2011 - 12:39am
SPC to close Mooroopna plant
After months of speculation- the parent company of SPC Ardmona- Coca Cola Amatil CCA has announced it will close one of its three manufacturing facilities in the Goulburn Valley in northern Victoria.The ... ...Tue 9th August 2011 - 12:34am
Australian shares slump on US crash
The Australian share market has continued its slump- following Wall Streets steep fall last night.With all companies now trading- the All Ordinaries index posted an initial fall of almost 4 per cent ... ...Tue 9th August 2011 - 12:26am
SPC to close Mooroopna plant
The parent company of SPC Ardmona- Coca Cola Amatil CCA has announced it will close one of its 300 manufacturing facilities in the Goulburn Valley in northern Victoria.The Mooroopna manufacturing plant ... ...Tue 9th August 2011 - 12:24am
Cochlear FY profit up 16 to record
Cochlear Ltd has increased full year profit 16 per cent to a record- and the company says there will be ongoing demand for its hearing implant products from both developed and emerging markets.Net profit ... ...Tue 9th August 2011 - 12:07am
Australian shares slump on US crash
The Australian share market has continued its slump- following Wall Streets steep fall last night.With only some of the major companies having opened- the major indices look like they will be down ... ...Tue 9th August 2011 - 12:06am
CBA cuts fixed home loan rates
Commonwealth Bank of Australia has cut interest rates on its fixed rate home loans by up to 60 basis points.Australias largest lender said the fixed rates for its one to five year products will now ... ...Tue 9th August 2011 - 12:01am
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