Finance News, Tuesday 4th October 2011
Researchers say emissions affect baby weight
Researchers in Western Australia suspect traffic emissions are responsible for lower than average birth weights among babies born in some Perth suburbs.The study- based on the records of 3-000 mothers- ... ...Tue 4th October 2011 - 11:59pm
New bus operator leaves commuters stranded
Problems for new contractor- Light-City Buses- have left many Adelaide commuters stranded.Intending travellers complained of buses running between 30 minutes and one hour late on Tuesday- and some said ... ...Tue 4th October 2011 - 11:55pm
RBA accused of covering up bribes
Senior Reserve Bank of Australia figures have been accused of covering up bribes paid by RBA subsidiaries chasing lucrative foreign bank-note printing contracts.Fairfax newspapers have reported that senior ... ...Tue 4th October 2011 - 11:52pm
Market opens higher
The Australian market has opened higher following a dramatic turnaround on Wall Street in the final 15 minutes of trading.The benchmark S-ampP-ASX200 index is up 66.6 points- or 1.7 per cent- at 3-938.7 and ... ...Tue 4th October 2011 - 11:51pm
Death of elder closes Uluru rock climb for day
The Uluru rock climb in Central Australia is closed today- as a mark of respect for a senior elder who has died.All other services and facilities at Uluru Kata Tjuta National Park in the Northern Territory ... ...Tue 4th October 2011 - 11:47pm
New bus operator leaves commuters stranded
Problems for new contractor- Light-City Buses- have left many Adelaide commuters stranded.Intending travellers complained of buses running between 30 minutes and one hour late on Tuesday- and some said ... ...Tue 4th October 2011 - 11:46pm
Australia shares rally Transfield up 6 pct
MARKETS-AUSTRALIA-STOCKS-Australia shares rally Transfield up 6 pct ...Tue 4th October 2011 - 11:33pm
Time zone solutions up to business- Minister
Local Government Minister Paul Lucas says the Queensland Government is taking a state-wide perspective in rejecting daylight saving.The Gold Coasts annual dilemma began on Sunday when southern states ... ...Tue 4th October 2011 - 11:33pm
Threatening letters sent to Qantas managers- Joyce
The industrial dispute at Qantas appears to be getting personal- as Australian Federal Police investigate threats made to the airlines chief executive Alan Joyce.The AFP is investigating specific ... ...Tue 4th October 2011 - 11:30pm
Coke backpedals on challenge to container deposits
Coca-Cola Amatil says reports that it plans to challenge the legality of the Northern Territory cash-for-containers scheme are inaccurate.Last month- CCA said it absolutely considered ... ...Tue 4th October 2011 - 11:25pm
Banks urged to report fraud
International experts will today debate whether banks should be forced to report suspected cases of fraud.The head of the Queensland Fraud Squad says many companies are more concerned about their reputation ... ...Tue 4th October 2011 - 11:23pm
RBA accused of covering up bribes
Senior Reserve Bank of Australia figures have been accused of covering up bribes paid by RBA subsidiaries chasing lucrative foreign bank-note printing contracts.Fairfax newspapers have reported that senior ... ...Tue 4th October 2011 - 11:23pm
Banks urged to report fraud
International experts will today debate whether banks should be forced to report suspected cases of fraud.The head of the Queensland Fraud Squad says many companies are more concerned about their reputation ... ...Tue 4th October 2011 - 11:13pm
Time zone solutions up to business- Minister
Local Government Minister Paul Lucas says the Queensland Government is taking a state-wide perspective in rejecting daylight saving.The Gold Coasts annual dilemma began on Sunday when southern states ... ...Tue 4th October 2011 - 11:12pm
Stockland tweaks executive pay scheme
Developer Stockland says it has changed the way it will pay its executive committee in relation to short term incentives.The changes are part of a company review of its remuneration policies- which Stockland ... ...Tue 4th October 2011 - 11:03pm
Industry slams door on food safety scores
Two peak bodies representing the ACTs dining and entertainment providers have rejected a proposed scores on doors system for food safety.The ACT Government is considering proposals for improving ... ...Tue 4th October 2011 - 10:57pm
Threatening letters sent to Qantas managers- Joyce
The industrial dispute at Qantas appears to be getting personal- as Australian Federal Police investigate threats made to the airlines chief executive Alan Joyce.The AFP is investigating specific ... ...Tue 4th October 2011 - 10:57pm
Iraq awards oil project to Australian firm
Iraq has awarded a US518 million A545.35 million contract to expand oil export facilities in the south of the country to a subsidiary of Australian firm Leighton International- the government said ... ...Tue 4th October 2011 - 10:42pm
Merkel talks to Greek PM
German Chancellor Angela Merkel talked with Greek Prime Minister Georges Papandreou Tuesday- his office announced- as the eurozone debt crisis threatened to claim its first bank victim.Papandreous ... ...Tue 4th October 2011 - 10:42pm
Threatening letters sent to Qantas managers- Joyce
The industrial dispute at Qantas appears to be getting personal- as Australian Federal Police investigate threats made to the airlines chief executive Alan Joyce.The AFP is investigating specific ... ...Tue 4th October 2011 - 10:40pm
GrainCorp finalises German malt purchase
Grains marketer GrainCorp has finalised its purchase of a German maltster for 58 million euros A80.61 million.GrainCorp announced the purchase of GermanMalt GmbH -amp Co in July- saying the take-over would ... ...Tue 4th October 2011 - 10:10pm
Australia shares seen higher on EU bank action hopes
MARKETS-AUSTRALIA-STOCKS-Australia shares seen higher on EU bank action hopes ...Tue 4th October 2011 - 09:49pm
Aussie- NZ dlrs bounce on EU bank reports
MARKETS-AUSTRALIA-FOREX-Aussie- NZ dlrs bounce on EU bank reports ...Tue 4th October 2011 - 09:40pm
Moodys downgrades Italys bond rating
Ratings agency Moodys has downgraded Italys government bond rating from Aa2 to A2 with a negative outlook- citing risks for the financing of long-term debt and slow economic growth.The ... ...Tue 4th October 2011 - 09:35pm
RBA accused of covering up bribes
Senior Reserve Bank of Australia figures have been accused of covering up bribes paid by RBA subsidiaries chasing lucrative foreign bank-note printing contracts.Fairfax newspapers have reported that senior ... ...Tue 4th October 2011 - 09:24pm
Emerald Virgin flights take off
Virgin Australia says mining industry workers will see increased choice and competition when it begins flights to and from Emerald in central Queensland.The airline has announced twice daily flights from ... ...Tue 4th October 2011 - 09:22pm
International markets roundup
A roundup of trading on major world markets-NEW YORK - US stocks bounced back after dramatic see-saw session Tuesday following a report that EU ministers were looking at possible plans to aid weak banks.Down ... ...Tue 4th October 2011 - 09:20pm
Business SA urges interest rate cut
Business SA says a cut in official interest rates is needed to boost business and consumer confidence.Chief executive Peter Vaughan said the Reserve Banks decision to leave interest rates unchanged ... ...Tue 4th October 2011 - 09:08pm
RBA accused of covering up bribes
Senior Reserve Bank of Australia figures have been accused of covering up bribes paid by RBA subsidiaries chasing lucrative foreign bank-note printing contracts.Fairfax newspapers have reported that senior ... ...Tue 4th October 2011 - 09:06pm
Stocks to watch on Wednesday
Stocks to watch on the Australian stock exchange on Wednesday-CEU - CONNECTEAST GROUP - steady at 54.5 centsHorizon Roads 2.17 billion take-over of toll road owner ConnectEast will proceed after ... ...Tue 4th October 2011 - 08:40pm
Threatening letters sent to Qantas managers- Joyce
Qantas chief executive Alan Joyce says letters threatening violence have been sent to some of the homes of his managers.In a memo sent to staff yesterday- Mr Joyce linked the threats to unions who are ... ...Tue 4th October 2011 - 08:35pm
Australian market preview
The Australian market looks set to open up- after Wall Street bounced back from early lows to finish in positive territory.At 0721 AEDT on Wednesday- the December share price index futures contract was ... ...Tue 4th October 2011 - 08:26pm
Coke backpedals on challenge to container deposits
Coca-Cola Amatil says reports that it plans to challenge the legality of the Northern Territory cash-for-containers scheme are inaccurate.Last month- CCA said it absolutely planned ... ...Tue 4th October 2011 - 08:13pm
A at one year lows after RBA remarks
The Australian dollar fell to its lowest levels in more than a year overnight after the central bank on Tuesday indicated it was open to an interest rate cut if inflation pressures ease.In the offshore ... ...Tue 4th October 2011 - 07:49pm
EU worries over growing threat to banks
Europe squared up Tuesday to the growing danger of a new financial sector collapse as markets crashed on fears Greeces debt crisis could snare exposed banks.Two-day talks between European finance ... ...Tue 4th October 2011 - 01:45pm
France- Belgium step in to aid ailing Dexia bank
France and Belgium stepped in Tuesday to guarantee the financing of troubled cross-border bank Dexia as its shares plunged spectacularly ahead of confirmation that it is to be broken up.The two states- ... ...Tue 4th October 2011 - 12:56pm
US markets bounce back on news of EU bank
Panicky selling driven by the Greek debt impasse and a troubled European bank swept global markets Tuesday- but US markets jumped into the green in the final hour on reports that EU officials had plans ... ...Tue 4th October 2011 - 12:20pm
Dexia- Belgium to create bad bank for assets
Belgium approved Tuesday the creation of a bad bank to house assets at risk at Franco-Belgian bank Dexia- whose financing the two countries had guaranteed on reports that it was to be broken ... ...Tue 4th October 2011 - 11:25am
Apple unveils updated iPhone- stock slips
Apple shares slipped on Wall Street on Tuesday as the California gadget-maker unveiled an updated version of the iPhone but not a transformative new model many had been expecting.Apples new chief ... ...Tue 4th October 2011 - 11:11am
Bernanke warns Congress on hurting recovery
Federal Reserve Chairman Ben Bernanke said Tuesday that the US recovery is faltering as he warned of financial turmoil spreading from Europe and cautioned Congress against short-sighted budget ... ...Tue 4th October 2011 - 11:08am
Russia capital flight reaches 50 bn
Russia on Tuesday reported 18.7 billion in capital outflows in the third quarter that far outweighed state estimates and underscored the uncertainty gripping the country in recent months.The Central Bank ... ...Tue 4th October 2011 - 11:07am
US stocks bounce back on news of EU bank plan
US stocks bounced back after dramatic see-saw session Tuesday following a report that EU ministers were looking at possible plans to aid weak banks.Down two percent just 45 minutes before the close- the ... ...Tue 4th October 2011 - 11:03am
Dexia- Belgium to create bad bank for assets
Belgium approved Tuesday the creation of a bad bank to house assets at risk at the Franco-Belgian bank Dexia- whose financing the two countries had guaranteed on reports that it was to be broken ... ...Tue 4th October 2011 - 10:58am
Hawke calls for stronger Antarctic mining ban
Former prime minister Bob Hawke has again joined forces with former French prime minister Michel Rocard to warn against mining in Antarctica.Twenty years on from the signing of a historic agreement that ... ...Tue 4th October 2011 - 10:56am
Prosecutors demand hefty Rajaratnam sentence
US prosecutors said Tuesday that former hedge fund manager Raj Rajaratnam should be given a hefty prison sentence next week- arguing that illegal gains from his insider trading netted about 72 million.Assistant ... ...Tue 4th October 2011 - 10:52am
Prosecutors demand hefty Rajaratnam sentence
US prosecutors said Tuesday that former hedge fund manager Raj Rajaratnam should be given a hefty prison sentence next week- alleging his illegal gains from insider trading amounted to about 72 million.Assistant ... ...Tue 4th October 2011 - 10:36am
Russia capital flight reaches 50 bn
Russia on Tuesday reported 18.7 billion in capital outflows in the third quarter- far more than state estimates and underscoring the uncertainty that has gripped the country in recent months.The Central ... ...Tue 4th October 2011 - 10:30am
Reserve Bank leaves interest rates on hold
The Reserve Bank has kept rates on hold for the 11th straight month after its board met today.In a widely predicted decision- the RBA kept the official cash rate steady at 4.75 per cent- where it has sat ... ...Tue 4th October 2011 - 10:21am
Hawke calls for stronger Antarctic mining ban
Former prime minister Bob Hawke has again joined forces with former French prime minister Michel Rocard to warn against mining in Antarctica.Twenty years on from the signing of a historic agreement that ... ...Tue 4th October 2011 - 10:14am
Apple unveils iPhone 4S- stock price drops
Apple shares dropped more than four percent on Wall Street on Tuesday as the California gadget-maker unveiled an updated version of the iPhone but not a new model many had been expecting.Apples new ... ...Tue 4th October 2011 - 09:38am
Antarctic anniversary celebrated
The 20th anniversary of the signing of the agreement to protect Antarctica from mining has been marked in Hobart.In the late 1980s there was an international push for the sustainable use of Antarcticas ... ...Tue 4th October 2011 - 09:37am
Apple unveils iPhone 4S
Apple on Tuesday unveiled a more powerful iPhone with a built-in personal assistant that responds to voice commands.The iPhone 4S was not the completely revamped next-generation ... ...Tue 4th October 2011 - 08:58am
Latvian airline boss quits in rescue deal
The German boss of troubled state-controlled Latvian carrier airBaltic announced Tuesday he was stepping down under the terms of a rescue deal with the Baltic states government.The last few ... ...Tue 4th October 2011 - 08:56am
Russia capital flight reaches 50 bn
Russia on Tuesday reported 18.7 billion in capital outflows in the third quarter- far more than state estimates and underscoring the uncertainty that has gripped the country in recent months.The Central ... ...Tue 4th October 2011 - 08:44am
Belgian workers hold ArcelorMittal executives hostage
Belgian workers kept six executives of world steel giant ArcelorMittal locked up in their office for more than 24 hours until Tuesday over union demands for the reopening of blast furnaces.The managers ... ...Tue 4th October 2011 - 08:26am
German coalition rebels to hold euro fund vote
Rebels from German Chancellor Angela Merkels coalition partners- the Free Democrats- have collected enough signatures to force a party vote on the EUs permanent bailout fund- they announced Tuesday.FDP ... ...Tue 4th October 2011 - 08:16am
Iraq awards oil project to Australian firm
Iraq has awarded a 518-million contract to expand oil export facilities in the south of the country to a subsidiary of Australian firm Leighton International- the government said on Tuesday.The project ... ...Tue 4th October 2011 - 08:14am
Acceptable lead levels altered at Geraldton
The State Government has altered the threshold of acceptable lead levels at the Geraldton Port- paving the way for exports to resume there.Shipments by the Minerals and Metals group were banned in December ... ...Tue 4th October 2011 - 07:59am
Sundance board supports Chinese takeover bid
The Perth-based iron ore company Sundance Resources has received an improved takeover offer from the Chinese company Hanlong.Hanlong has increased its offer via a scheme of arrangement from 50 to 57 cents ... ...Tue 4th October 2011 - 07:53am
Europe stares down banks collapse as crisis worsens
Europe squared up to the growing likelihood of a new collapse in its banking sector as markets crashed and the euro fell on growing fears Greeces debt crisis could snare exposed banks.As two days ... ...Tue 4th October 2011 - 07:36am
Aust stocks close 0.6 lower
The Australian share market closed 0.6 per cent lower- with investors starting to hope that the central bank would cut interest rates for the first time in a year next month.The local bourse opened almost ... ...Tue 4th October 2011 - 07:32am
A drops after RBA flags possible rate cut
The Australian dollar has fallen to the lowest in more than a year after the central bank said it was open to lowering the cash rate if inflation pressures ease.The currency fell to 94.58 US cents - its ... ...Tue 4th October 2011 - 07:18am
Tax forum promises slow- limited reforms
As the tax forum got under way- the early message was clear- dont expect much- and dont expect it soon.In fact- in their opening speeches in Canberra- Prime Minister Julia Gillard and Treasurer ... ...Tue 4th October 2011 - 07:17am
S-ampP affirms Portugal credit rating
Standard and Poors said Tuesday it affirmed the credit ratings on bailed-out Portugal- with the outlook remaining negative- meaning the level could be lowered in the future.S-ampP- one of the top three ... ...Tue 4th October 2011 - 07:09am
Hanlong to invest in more Aussie miners
Chinas Hanlong Mining has pledged to keep investing in Australian miners after it gained acceptance from Sundance Resources for an improved 1.65 billion takeover offer.Sundance shares closed up 2.5 ... ...Tue 4th October 2011 - 07:07am
Sundances Jones pledges Oakajee rescue
Sundance Resources chairman George Jones will throw his efforts into saving the troubled Oakajee port development in Western Australia now that the iron ore explorer is set to be taken over by Chinas ... ...Tue 4th October 2011 - 07:04am
A drops after RBA flags possible rate cut
The Australian dollar has fallen to the lowest in more than a year after the central bank said it was open to lowering the cash rate if inflation pressures ease.The currency fell to 94.58 US cents - its ... ...Tue 4th October 2011 - 07:04am
K Mart boss confident about Christmas
The head of discount department store chain K Mart says he is positive about the crucial six-week trading period leading into Christmas.K Mart managing director Guy Russo said the Christmas trading period ... ...Tue 4th October 2011 - 06:56am
Share market closes down despite clawback
Local shares have clawed back earlier losses on the back of better-than-expected economic data and a continued freeze in interest rates.Figures from the Bureau of Statistics ABS found Australia widened ... ...Tue 4th October 2011 - 06:47am
Global markets hit by bank- debt fears
World stock markets fell sharply again Tuesday on growing fears of a fresh banking disaster in the eurozone as France and Belgium moved fast to help lender Dexia amid gloomy talk on US growth from Federal ... ...Tue 4th October 2011 - 06:41am
Boeing sees 760 bn aircraft market in US- Canada
Boeing forecast on Tuesday that US and Canadian airlines would buy 760 billion worth of new aircraft over the next 20 years- mainly fuel-efficient single-aisle jets.Airlines will buy about 7-350 new aircraft ... ...Tue 4th October 2011 - 06:35am
Coke backpedals on challenge to container deposits
Coca-Cola Amatil says reports that it plans to challenge the legality of the Northern Territory cash-for-containers scheme are inaccurate.Last month- CCA said it absolutely planned ... ...Tue 4th October 2011 - 06:21am
Aust bonds rally on rate cut speculation
Australian bonds rallied after the central bank said it might need to cut rates should inflation pressures ease.At 1430 AEDT- the Reserve Bank of Australia decided to keep the cash rate unchanged - in-line ... ...Tue 4th October 2011 - 06:21am
RBA finally agreeing with sombre market
The Reserve Bank of Australia RBA is finally agreeing with the more sombre economic assessment that financial markets have held for some time.The central bank surprised no-one by leaving the cash rate ... ...Tue 4th October 2011 - 06:13am
Australia shares weaken but rates outlook cushions fall
MARKETS-AUSTRALIA-STOCKS UPDATE 4-Australia shares weaken but rates outlook cushions fall ...Tue 4th October 2011 - 06:10am
EU bank crisis looms as leaders dither on Greece
Europe faced a prospect of a banking sector crisis Tuesday as it again delayed action on a bailout for debt-stricken Greece sparking more turmoil on financial markets.As eurozone finance ministers put-off ... ...Tue 4th October 2011 - 06:07am
NSW councils sue Standard and Poors over losses
The Federal Court is hearing a landmark case brought by 13 New South Wales local councils against international credit ratings agency Standard and Poors.A lawyer representing the councils- Noel Hutley ... ...Tue 4th October 2011 - 05:59am
Acceptable lead levels altered at Geraldton
The State Government has altered the threshold of acceptable lead levels at the Geraldton Port- paving the way for exports to resume there.Shipments by the Minerals and Metals group were banned in December ... ...Tue 4th October 2011 - 05:57am
Stocks to watch at close on Tuesday
Stocks to watch on the Australian stock exchange at close on Tuesday-CEU - CONNECTEAST GROUP - steady at 54.5 centsHorizon Roads 2.17 billion take-over of toll road owner ConnectEast will proceed ... ...Tue 4th October 2011 - 05:52am
Myer flags plans for Top End department store
Myer has confirmed it is making plans to open a department store in the Top End.The retail group today revealed it is in discussions about a site for the store- likely to be in the northern suburbs of ... ...Tue 4th October 2011 - 05:48am
Aust stocks close slightly lower
The Australian share market closed 0.6 per cent lower- with investors starting to hope that the central bank would cut interest rates for the first time in a year next month.The local bourse opened almost ... ...Tue 4th October 2011 - 05:46am
France- Belgium step in as Dexia totters
France and Belgium stepped in Tuesday to guarantee the financing of troubled cross-border bank Dexia as its shares plunged spectacularly on reports that it was to be broken up.The two states- shareholders ... ...Tue 4th October 2011 - 05:42am
NZ stocks rise on yield appeal
New Zealand stocks rose on Tuesday as their relatively attractive yields and a falling New Zealand dollar helped the local bourse shrug off the worst of the global sell-off in equities.The NZX 50 Index ... ...Tue 4th October 2011 - 05:42am
Aussie plumbs 1-yr lows on dovish RBA- bonds jump
MARKETS-AUSTRALIA-FOREX-Aussie plumbs 1-yr lows on dovish RBA- bonds jump ...Tue 4th October 2011 - 05:40am
RBA leaves door open to interest rate cuts
The central bank has decided to keep the cash rate unchanged this month and has opened the door for possible future cuts.The decision was expected- with all 15 economists surveyed last week by AAP predicting ... ...Tue 4th October 2011 - 05:39am
Australia shares end 0.6 pct weaker as debt fears linger
MARKETS-AUSTRALIA-STOCKS UPDATE 2-Australia shares end 0.6 pct weaker as debt fears linger ...Tue 4th October 2011 - 05:24am
Oil drops below 100 in London- hits 1-year NY low
Crude oil prices dropped below 100 a barrel in London and hit a one-year low in New York on Tuesday over heightened eurozone crisis concerns that sent European stocks plunging.Brent North Sea crude for ... ...Tue 4th October 2011 - 05:22am
Aust shares fall 0.6 by close
The Australian share market fell 0.6 per cent- approaching last weeks two-year low- as equities around the world continue to slump on worries about European sovereign debt.At the close on Tuesday- ... ...Tue 4th October 2011 - 05:20am
Cranes collide in freak accident at East Arm Wharf
A million dollar crane has been damaged in a serious accident at the Darwin Port.There have been no injuries.Two large cranes collided on the East Arm Wharf at about 11am today.The ABC has been told that ... ...Tue 4th October 2011 - 05:03am
Hanlong to invest in more Aussie miners
Chinas Hanlong Mining has pledged to keep investing in Australian miners after Sundance Resources capitulated to its largest shareholders improved 1.65 billion takeover offer.Confirmation early ... ...Tue 4th October 2011 - 04:57am
Engaged workers are more productive
Australian employers biggest headache in the future may be where to find new skilled workers.The chief executive of financial services provider Deloitte in Australia- Giam Swiegers- said his firm ... ...Tue 4th October 2011 - 04:48am
Number of carbon capture projects fall
The number of carbon capture and storage CCS projects around the world fell in the last year and the technology is threatened by the financial crisis- a new report has found.The Australia-based Global ... ...Tue 4th October 2011 - 04:45am
Europe delays Greece loan verdict
Europe has again delayed a decision on unblocking promised loans to Greece- ordering Athens to slash government spending and sell off the family silver- but ruled out any default or eurozone exit.Fears ... ...Tue 4th October 2011 - 04:42am
Reserve Bank leaves interest rates on hold
The Reserve Bank has kept rates on hold for the 11th straight month after its board met today.In a widely predicted decision- the RBA kept the official cash rate steady at 4.75 per cent- where it has sat ... ...Tue 4th October 2011 - 04:38am
NSW councils sue Standard and Poors over losses
The Federal Court is hearing a landmark case brought by 13 New South Wales local councils against international credit ratings agency Standard and Poors.A lawyer representing the councils- Noel Hutley ... ...Tue 4th October 2011 - 04:24am
Trade surplus surges thanks to coal- ore
A strong surge in exports in August shows that coal exports have recovered- after floods over the summer shut down many mines- economists say.The trade surplus increased to 3.1 billion in August from ... ...Tue 4th October 2011 - 04:18am
Building approvals spike in August
Building approvals surged in August but economists say it wont be enough to change the central banks view on interest rates.Home building approvals for August rose 11.4 per cent to 13-800 units ... ...Tue 4th October 2011 - 04:12am
Minister to decide on Magellan lead shipments
The mining company Magellan Metals is looking at alternative financing as it awaits the Environment Ministers decision on whether it can resume the shipping of lead.Its Wiluna mine was placed under ... ...Tue 4th October 2011 - 04:06am
Reserve Bank leaves interest rates on hold
The Reserve Bank has kept rates on hold for the 11th straight month after its board met today.In a widely predicted decision- the RBA kept the official cash rate steady at 4.75 per cent- where it has sat ... ...Tue 4th October 2011 - 03:53am
A falls- RBA less worried of inflation
The Australian dollar dropped to a one-year low after the Reserve Bank of Australia RBA indicated it was less concerned that inflation would rise beyond its target band.Taking into account all ... ...Tue 4th October 2011 - 03:49am
Reserve Bank leaves interest rates on hold
The Reserve Bank has kept rates on hold for the 11th straight month after its board met today.In a widely predicted decision- the RBA kept the official cash rate steady at 4.75 per cent- where it has sat ... ...Tue 4th October 2011 - 03:45am
ConnectEast takeover gets final approval
Horizon Roads 2.17 billion take-over of toll road owner ConnectEast will proceed after the deal received legal approval.The Supreme Court of Victoria on Tuesday provided advice that ConnectEast was ... ...Tue 4th October 2011 - 03:37am
Sundances Jones pledges Oakajee rescue
Sundance Resources chairman George Jones will throw his efforts into saving the troubled Oakajee port development in Western Australia now that the iron ore explorer is set to be taken over by Chinas ... ...Tue 4th October 2011 - 03:36am
Building Approvals figures surge
Stronger than expected international trade and building approvals figures for August should not change the central banks interest rate outlook- economists say.Home building approvals for August rose ... ...Tue 4th October 2011 - 03:35am
Reserve Bank leaves interest rates on hold
The Reserve Bank has kept rates on hold for the 11th straight month after its board met today.In a widely predicted decision- the RBA kept the official cash rate steady at 4.75 per cent- where it has sat ... ...Tue 4th October 2011 - 03:31am
RBA leaves cash rate at 4.75
Borrowers can breathe easy for another month with the Reserve Bank of Australia RBA deciding to leave the cash rate at 4.75 per cent.The central bank last raised the rate in November 2010- from 4.5 per ... ...Tue 4th October 2011 - 03:31am
Building approvals spike in August
Building approvals surged in August but economists say it wont be enough to change the central banks view on interest rates.Home building approvals for August rose 11.4 per cent to 13-800 units ... ...Tue 4th October 2011 - 03:26am
Trade surplus surges
A strong surge in exports in August shows that coal exports have recovered- after floods over the summer shut down many mines- economists say.The trade surplus increased to 3.1 billion in August from ... ...Tue 4th October 2011 - 03:24am
Building approvals spike in August
Building approvals surged in August but economists say it wont be enough to change the central banks view on interest rates.Home building approvals for August rose 11.4 per cent to 13-800 units ... ...Tue 4th October 2011 - 03:01am
Councils sue Standard and Poors rating agency
The Federal Court is hearing a landmark case brought by 13 New South Wales local councils against the international credit ratings agency Standard and Poors.A lawyer representing the councils- Noel ... ...Tue 4th October 2011 - 03:00am
Sundances Jones pledges Oakajee rescue
Sundance Resources chairman George Jones will throw his efforts into saving the troubled Oakajee port development in Western Australia now that the iron ore explorer is set to be taken over by Chinas ... ...Tue 4th October 2011 - 02:48am
High-rise building sparks outcry in laid-back town
The Northern Territory Government has approved the construction of a controversial five-storey building in Alice Springs.The current cap for building heights in Alice Springs is three storeys.But the government ... ...Tue 4th October 2011 - 02:02am
Miner awaits Ministers decision over lead shipments
The mining company Magellan Metals is looking at alternative financing as it awaits the Environment Ministers decision on whether it can resume the shipping of lead.Its Wiluna mine was placed under ... ...Tue 4th October 2011 - 02:01am
A drops to 12-month low despite good data
The Australian dollar fell below the 95.00 US cent mark for the first time in just over 12 months- despite the release of stronger-than-expected local economic data.At 1200 AEDT on Tuesday- the Australian ... ...Tue 4th October 2011 - 01:58am
Teens test out retailers on tobacco laws
Teenagers are being used to test whether South Australian retailers are obeying tobacco laws.South Australian Health Minister John Hill says there is a crackdown underway against retailers who let people ... ...Tue 4th October 2011 - 01:55am
Acceptable lead levels altered at Geraldton
The State Government has altered the threshold of acceptable lead levels at the Geraldton Port- paving the way for exports to resume there.Shipments by the Minerals and Metals group were banned in December ... ...Tue 4th October 2011 - 01:45am
Acceptable lead levels altered at Geraldton
The State Government has altered the threshold of acceptable lead levels at the Geraldton Port- paving the way for exports to resume there.Shipments by the Minerals and Metals group were banned in December ... ...Tue 4th October 2011 - 01:36am
Building approvals rose 11.4 in Aug
Australian residential building approvals rose 11.4 per cent to 13-800 units in August- seasonally adjusted.This compares to an upwardly revised 12-384 units in July.In the year to August- building approvals ... ...Tue 4th October 2011 - 01:27am
Building Approvals figures surge
Stronger than expected international trade and building approvals figures for August should not change the central banks interest rate outlook- economists say.Home building approvals for August rose ... ...Tue 4th October 2011 - 01:21am
Sundance board supports Chinese takeover bid
The Perth-based iron ore company Sundance Resources has received an improved takeover offer from the Chinese company Hanlong.Hanlong has increased its offer via a scheme of arrangement from 50 to 57 cents ... ...Tue 4th October 2011 - 01:15am
ConnectEast takeover gets final approval
Horizon Roads 2.17 billion take-over of toll road owner ConnectEast will proceed after the deal received legal approval.The Supreme Court of Victoria on Tuesday provided advice that ConnectEast was ... ...Tue 4th October 2011 - 01:14am
Stocks to watch at noon on Tuesday
Stocks to watch on the Australian stock exchange at noon on Tuesday-DOW - DOWNER EDI LTD - down eight cents- or 2.86 per cent- at 2.72Engineering and infrastructure services firm Downer EDI has been awarded ... ...Tue 4th October 2011 - 01:12am
Miner awaits Ministers decision over lead shipments
The mining company Magellan Metals is looking at alternative financing as it awaits the Environment Ministers decision on whether it can resume the shipping of lead.Its Wiluna mine was placed under ... ...Tue 4th October 2011 - 01:00am
Miner awaits Ministers decision over lead shipments
The mining company Magellan Metals is looking at alternative financing as it awaits the Environment Ministers decision on whether it can resume the shipping of lead.Its Wiluna mine was placed under ... ...Tue 4th October 2011 - 12:43am
Aust trade surplus widens in Aug
Australias trade surplus widened in August- the Australian Bureau of Statistics ABS said.The balance on goods and services was a surplus of 3.100 billion in August- seasonally adjusted- compared ... ...Tue 4th October 2011 - 12:43am
Acceptable lead levels altered at Geraldton
The State Government has altered the threshold of acceptable lead levels at the Geraldton port- paving the way for exports to resume there.Shipments were banned in December after lead levels in dust exceeded ... ...Tue 4th October 2011 - 12:42am
Sundance shares soar on takeover bid
Sundance Resources shares are up by nearly 10 per cent after its board unanimously supported a 1.65 billion take-over offer from Chinas Hanlong Mining.Hanlong has raised its offer from 50 cents per ... ...Tue 4th October 2011 - 12:31am
Aussie dollar dips on Greek fears
The Australian dollar has fallen to its lowest level in just over a year as Greece failed to meet targets for cutting its budget deficit.The local currency fell to a low of about 95.1 US cents this morning ... ...Tue 4th October 2011 - 12:20am
Teens test out retailers on tobacco laws
Teenagers are being used to test whether South Australian retailers are obeying tobacco laws.SA Health Minister John Hill says there is a crackdown underway against retailers who let people under 18 buy ... ...Tue 4th October 2011 - 12:17am
Aussie dollar dips on Greek fears
The Australian dollar has fallen to its lowest level in just over a year as Greece failed to meet targets for cutting its budget deficit.The local currency fell to a low of about 95.1 US cents this morning ... ...Tue 4th October 2011 - 12:04am
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