Finance News, Sunday 2nd October 2011
Greece sets new deficit targets- lay-offs
Greece has unveiled new budget deficit targets and plans to trim its civil service to meet creditors demands ahead of a eurozone meeting that could free up an eight billion euro A11.17 billion ... ...Sun 2nd October 2011 - 11:59pm
Market tumbles in early trade
The Australian share market dropped 2 per cent in early trade this morning after a slump on Wall Street on Friday.In the first hour of trade the All Ordinaries Index was down 77 points to 3-993.The benchmark ... ...Sun 2nd October 2011 - 11:39pm
Australia shares drop 2 pct as copper falls
MARKETS-AUSTRALIA-STOCKS-Australia shares drop 2 pct as copper falls ...Sun 2nd October 2011 - 11:21pm
Council dismisses mill support concerns
The Launceston City Council has dismissed concerns from an anti-pulp mill group about whether it supports the Tamar Valley project.Anti-pulp mill group- Friends of the Tamar- has called on the council ... ...Sun 2nd October 2011 - 11:17pm
Alibaba CEO interested in buying Yahoo
The CEO of the Chinese internet company Alibaba Group says he would be very interested in buying Yahoo.Jack Ma made the statement in response to a question during a speaking engagement at Stanford ... ...Sun 2nd October 2011 - 11:14pm
Aust shares open
The Australian share market has opened around 1.5 per cent lower- following Fridays lead on Wall Street.At 1011 AEDT on Monday- the benchmark S-ampP-ASX200 index was down 70.5 points- or 1.76 per cent- ... ...Sun 2nd October 2011 - 11:14pm
Moneylenders victims to have cash returned
More than 200 Aboriginal customers who were allegedly charged high interest rates by a Goldfields moneylender are set to get their money back.Consumer Protection will begin returning a total of about 150-000 ... ...Sun 2nd October 2011 - 11:10pm
Manufacturing numbers remain gloomy
A private sector survey shows Australias manufacturing industry remains in the doldrums.The Performance of Manufacturing Index fell one point last month to 42.3- down for the third month in a row.A ... ...Sun 2nd October 2011 - 11:04pm
Ambitious upgrades for ACTION buses
The latest annual report for ACTION buses shows Canberras public transport provider has ambitious upgrade plans.More than 4.5 million is being spent upgrading the aging radio communication system ... ...Sun 2nd October 2011 - 10:18pm
Aust bonds firmer as EU debt fears grow
Australian bond prices are higher as fears grow that the policy makers wont be able to fix Europes debt crisis.At 0830 AEDT on Monday- the December 10-year bond futures contract was trading at ... ...Sun 2nd October 2011 - 10:18pm
ANZ overdraft fees challenged in court
The company behind what is claimed to be the biggest class action in Australian legal history says the case could reap tens of millions of dollars for ANZ customers.The Federal Court in Melbourne will ... ...Sun 2nd October 2011 - 09:51pm
NZ- Aussie dlrs knocked as euro debt woes weigh
MARKETS-AUSTRALIA-FOREX-NZ- Aussie dlrs knocked as euro debt woes weigh ...Sun 2nd October 2011 - 09:46pm
Greece to miss deficit targets for 2011-20
Greece wont meet 2011-2012 deficit targets imposed by international lenders as part of the countrys bailout- the Finance Ministry says.The countrys deficit this year is expected to reach ... ...Sun 2nd October 2011 - 09:45pm
Evans talks up jobs forum prospects
The Federal Government is playing down this weeks two-day tax forum in Canberra- but talking up the prospects of the jobs forum that follows it.Prime Minister Julia Gillard announced the jobs forum ... ...Sun 2nd October 2011 - 09:33pm
Australia shares seen opening lower on global concerns
MARKETS-AUSTRALIA-STOCKS-Australia shares seen opening lower on global concerns ...Sun 2nd October 2011 - 09:33pm
ANZ overdraft fees challenged in court
The company behind what is claimed to be the biggest class action in Australian legal history says the case could reap tens of millions of dollars for ANZ customers.The Federal Court in Melbourne will ... ...Sun 2nd October 2011 - 09:26pm
Evans talks up jobs forum prospects
The Federal Government is playing down this weeks two-day tax forum in Canberra- but talking up the prospects of the jobs forum that follows it.Prime Minister Julia Gillard announced the jobs forum ... ...Sun 2nd October 2011 - 09:21pm
ANZ overdraft fees challenged in court
The company behind what is claimed to be the biggest class action in Australian legal history says the case could reap tens of millions of dollars for ANZ customers.The Federal Court in Melbourne will ... ...Sun 2nd October 2011 - 09:11pm
ANZ overdraft fees challenged in court
The company behind what is claimed to be the biggest class action in Australian legal history says the case could reap tens of millions of dollars for ANZ customers.The Federal Court in Melbourne will ... ...Sun 2nd October 2011 - 09:06pm
Stocks to watch on Monday
Stocks to watch on the Australian stock exchange at close on Friday-AQA - AQUILA RESOURCES LIMITED - down eight cents- or 1.6 per cent- at 4.98Coal miner Aquila Resources has secured a 250 million cash ... ...Sun 2nd October 2011 - 09:05pm
A falls after Germany bailout comments
The Australian dollar is half a US cent lower after market sentiment turned sour on the news that a further expansion of a Eurozone bailout fund is unlikely.At 0700 AEDT on Monday- the Australian dollar ... ...Sun 2nd October 2011 - 08:43pm
Commodities markets summary
A summary of trading in key commodities markets overseas-ENERGYWorld oil prices sank Friday on data signalling slower growth in Europe and China and worries about Greeces rescue still hanging overhead.New ... ...Sun 2nd October 2011 - 08:36pm
Australian market preview
The Australian market looks set to open lower on Monday- following in the heels of the major Asian markets on Friday and Wall Street which lost more than two per cent.At 0727 AEDT on Monday- the December ... ...Sun 2nd October 2011 - 08:32pm
International markets roundup
A roundup of trading on major world markets-NEW YORK - US stocks dropped more than two per cent on Friday as signs of slower growth spanning China- Europe and the United States- and the ongoing Greek crisis- ... ...Sun 2nd October 2011 - 08:26pm
Cabinet approves Greek budget
Greeces finance ministry says the cabinet has approved the draft budget for next year- and the countrys deficit this year is expected to reach 8.5 per cent of gross domestic product.The ministrys ... ...Sun 2nd October 2011 - 08:26pm
ANZ overdraft fees challenged in court
The company behind what is claimed to be the biggest class action in Australian legal history says the case could reap tens of millions of dollars for ANZ customers.The Federal Court in Melbourne will ... ...Sun 2nd October 2011 - 07:53pm
A lower after Wall St falls
The Australian dollar was more than half a US cent lower on Monday morning after US stocks fell two per cent during the offshore session on Friday night.At 0630 AEDT on Monday- the local unit was trading ... ...Sun 2nd October 2011 - 07:42pm
ANZ fees class action in court
The company behind what is claimed to be the biggest class action in Australian legal history says the case could reap tens of millions of dollars for ANZ customers.The Federal Court in Melbourne will ... ...Sun 2nd October 2011 - 07:24pm
Cabinet approves Greek budget
Greeces finance ministry says the cabinet has approved the draft budget for next year- and the countrys deficit this year is expected to reach 8.5 per cent of gross domestic product.The ministrys ... ...Sun 2nd October 2011 - 07:23pm
Major Japan manufacturer confidence rebounds- BoJ
Major Japanese manufacturers business sentiment returned to positive levels in September as carmakers recovered from the impact of the March disasters- the central bank said in its Tankan survey on ... ...Sun 2nd October 2011 - 03:10pm
Australian stocks open 1.8 percent lower
Australian stocks opened 1.8 percent lower Monday after Greece missed a deficit target set by European leaders as part of its bailout deal- deepening fears of a default that would panic world markets.At ... ...Sun 2nd October 2011 - 01:51pm
Greece sets new deficit targets- lay-offs ahead of EU meet
Greece on Sunday unveiled new budget deficit targets and plans to trim its civil service to meet creditors demands a day ahead of a eurozone meeting that could free up an eight-billion-euro loan.The ... ...Sun 2nd October 2011 - 11:48am
Indias rupee a victim of global turmoil
Indias rupee has slid nearly 10 percent in three months against the dollar- a consequence of global economic uncertainty that will stoke already high inflation in Asias third-biggest economy.The ... ...Sun 2nd October 2011 - 11:27am
Rise of gold stalls on the dollar
With markets falling and prospects for world growth souring- everything should be in place to send the price of gold- the ultimate safe-haven asset- soaring.Just weeks ago- this was true. On September ... ...Sun 2nd October 2011 - 11:21am
Hong Kong split over historic maids residency case
Every Sunday- the public spaces and walkways of Hong Kong are jammed with Filipina and Indonesian domestic workers using their one day off to gather with their friends and fellow countrywomen.The gleaming ... ...Sun 2nd October 2011 - 10:26am
Greece to unveil lay-off plans ahead of key EU meet
Greece prepared Sunday to unveil plans to trim its bulging civil service and meet one of its creditors key demands a day ahead of a eurozone meeting that could free up an eight-billion-euro loan.The ... ...Sun 2nd October 2011 - 10:04am
Greek cabinet to meet on civil service cut
Greek Prime Minister George Papandreou is to chair an emergency cabinet meeting to finalise details of a labour reserve scheme aimed at shrinking the public sector as demanded by Greeces ... ...Sun 2nd October 2011 - 10:00am
First gas deposits found off Sri Lanka coast
Sri Lankan President Mahinda Rajapakse announced on Sunday that natural gas deposits had been found for the first time during exploratory drilling off the islands coast.The company prospecting in ... ...Sun 2nd October 2011 - 07:39am
Greece agrees to cut civil service- radio
Greece and its international financers have agreed that civil servants over 60 and close to retirement will be made redundant- radio reports say.Finance Minister Evagelos Venizelos has been in talks with ... ...Sun 2nd October 2011 - 07:37am
Garuda says Bali route to stay popular
Garuda Indonesia chief executive Emirsyah Satar says he expects traffic on the popular Australia-Bali route to stay strong in the period ahead.Bali has proved one of Australias most popular tourist ... ...Sun 2nd October 2011 - 05:58am
Garuda says Bali route to stay popular
Garuda Indonesia chief executive Emirsyah Satar says he expects traffic on the popular Australia-Bali route to stay strong in the period ahead.Bali has proved one of Australias most popular tourist ... ...Sun 2nd October 2011 - 05:34am
Markets tipped to defy offshore declines
Australian stocks could defy big falls on offshore markets over the weekend when local trading resumes on Monday- one analyst says.Commonwealth Securities chief economist Craig James says the local market ... ...Sun 2nd October 2011 - 04:53am
Porsche sells German castle
German luxury sportscar maker Porsche is putting up for sale a Bavarian castle snapped up for six million euros 8 million in 2006- a spokesman for the manufacturer of the iconic 911 car said on Sunday.We ... ...Sun 2nd October 2011 - 04:34am
Greece to unveil lay-off plans ahead of key EU meet
Greece was expected on Sunday to unveil plans to trim its bulging civil service and meet one of its creditors key demands a day ahead of a eurozone meeting that could free up an eight-billion-euro ... ...Sun 2nd October 2011 - 03:53am
British PM warns eurozone could blight world economy
British Prime Minister David Cameron said Sunday that the eurozone had to get on with fixing its financial problems or risk pulling down the entire world economy.Speaking in Manchester- northwest England- ... ...Sun 2nd October 2011 - 03:35am
Mission Impossible II Putins economic challenge
In five years time- Russia will be one of the top five economies in the world with growth of up to seven percent based on a thriving and innovative business sector.Russian strongman Vladimir Putin vowed ... ...Sun 2nd October 2011 - 03:26am
Shock cuts hit Spanish healthcare
Spains crisis spending has cut a bit deeper with its richest region- Catalonia- suspending payments this past week to care homes and mental clinics because the money ran out.The regional government ... ...Sun 2nd October 2011 - 03:08am
Egypt committed to free market after investor fears
Egypts deputy prime minister said on Sunday that his country was committed to a free market economy- after the ownership of three companies was returned to the state- sparking fears among investors.The ... ...Sun 2nd October 2011 - 02:57am
Hong Kong split over historic maids residency case
Every Sunday- the public spaces and walkways of Hong Kong are jammed with Filipina and Indonesian domestic workers using their one day off to gather with their friends and fellow countrywomen.The gleaming ... ...Sun 2nd October 2011 - 01:58am
First gas deposits found off Sri Lanka coast
Sri Lankan President Mahinda Rajapakse announced on Sunday that natural gas deposits had been found for the first time during exploratory drilling off the islands coast.The company prospecting in ... ...Sun 2nd October 2011 - 01:52am
Hobart tower plans
A 12 storey office block accommodating 2-000 workers has been proposed for central Hobart.Melbourne-based company Riverlea Australia wants to demolish the auditorium of the Odeon Theatre on Liverpool Street ... ...Sun 2nd October 2011 - 01:19am
Hobart tower plans
A 12 storey office block accommodating 2-000 workers has been proposed for central Hobart.Melbourne-based company Riverlea Australia wants to demolish the auditorium of the Odeon Theatre on Liverpool Street ... ...Sun 2nd October 2011 - 01:06am
Hobart tower plans
A 12 storey office block accommodating 2-000 workers has been proposed for central Hobart.Melbourne-based company Riverlea Australia wants to demolish the auditorium of the Odeon Theatre on Liverpool Street ... ...Sun 2nd October 2011 - 12:41am
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