Oil prices rebound- head towards $81
LONDON AFP - Oil prices rebounded on Friday ahead of key jobs data in the United States- the worlds biggest energy consuming nation. ...
A Bull Trend Matures as Crude Moves on to $82 following NFPs
Scheduled event risk was generally a disappointment for those seeking out volatility but the data- combined with the stable backdrop of advancing risk appetite- would nonetheless push crude higher. A ...
Tiger Airlines threatens Hobart cuts if costs rise
A second discount airline has threatened to cut services to Hobart if the citys airport increases landing fees. ...
Tiger Airlines threatens to cut Hobart services if costs rise
A second discount airline has threatened to cut services to Hobart if the citys airport increases landing fees. ...
China economy truly extraordinary- says Wen
Chinas premier Wen Jiabao has used the opening session of the National Peoples Congress to praise the way his country emerged from the world economic crisis- but he says the global economy is not out of the woods yet. ...
China economy truly extraordinary- says Wen
Chinas premier Wen Jiabao has used the opening session of the National Peoples Congress to praise the way his country emerged from the world economic crisis- but he says the global economy is not out of the woods yet. ...
TPG declares $373m takeover bid final
TPG Telecom has declared its $373m takeover bid for PIPE Networks Ltd as final- saying it has offered a fair price for the fellow telecommunications firm. ...
New ore export port to be built in WA
Mid-tier iron ore miners and a China heavyweight are planning to build a port just 10km from a major Rio Tinto Ltd export facility in Western Australia. ...
Oakagee construction start delayed
The Western Australian Premier Colin Barnett has defended a delay in the start of construction of the multi-billion dollar Oakajee Port in the states Midwest. ...
Lend Lease signs $6b Barangaroo contract
The Lend Lease Group has formalised its contract with the NSW government for the $6b development of Sydney's Barangaroo harbour-front site. ...
Aussie exchange rates best for decades
Australian travellers are currently facing the best exchange rates in decades- especially for the euro and the British pound. ...
Merck win may boost Slater -amp Gordon
Slater -amp Gordon Ltd's win against global pharmaceutical giant Merck -amp Co Inc is likely to boost 2010-11 earnings for the plaintiff law firm. ...
Toyota drivers say car fixes don't work
The US government says it has received more than 60 complaints from Toyota drivers who say their cars have sped up by themselves even after being -amp quotfixed -amp quot. ...
Asciano makes S -amp P-ASX50 but Intoll out
Transport firm Asciano Group has made it into the S -amp P-ASX50 index after a strong first half profit- but toll road firm the Intoll Group has been booted out. ...
Mines storm water discharge being investigated
Queensland Climate Change and Sustainability Minister Kate Jones says two mines near Mount Isa in the states north-west are releasing excess storm water and that could contain certain minerals. ...
Lend Lease signs $6b Barangaroo contract
The Lend Lease Corporation has formalised its contract with the NSW government for the $6b development of Sydney's Barangaroo harbour-front site. ...
Australia shares take gains to 4 straight weeks
SYDNEY- March 5 - Australian stocks rose for the fourth straight week climbing 0.35 percent on Friday after encouraging retail sales and jobs data from the U.S. convinced investors the global economy was recovering. ...
Brookfield Multiplex silent on IPO plan
Brookfield Multiplex Ltd has not ruled out speculation that the company plans to list $4 billion worth of office property in 2010. ...
Brambles completes management renewal
Brambles Ltd has overhauled senior management by appointing a former Dell senior executive to head the company's Europe- Middle East and Africa operations. ...
Lihir to sell Ballarat project for $4.5m
Lihir Gold Ltd says it has agreed to sell its Ballarat project to Castlemaine Goldfields for $4.5 million cash and royalties capped at $50 million. ...
AJ Lucas settles sale of coal gas permit
Mining services provider AJ Lucas Group Ltd has settled the sale of its 15 per cent interest in a coal seam gas permit in Queensland. ...
ASIC to delay short selling report start
The corporations watchdog ASIC will delay the introduction of reporting short selling positions to allow market participants more time for compliance. ...
Competitors may fight Facebook feed patent
An Australian legal expert says he expects the latest patent granted to social networking site Facebook to be hotly contested by its competitors. ...
Panax Geothermal drives green power push
Australia's pledge to meet a renewable energy target of 20 by 2020 hinges on the success of geothermal energy projects and a new well was launched on Friday. ...
Unemployment tipped to dip below 5
The unemployment rate could slip under five per cent by the end of calendar 2010- even though upcoming jobs data might be disappointing- economists say. ...
Australia dlr holds near 10yr highs above NZ $1.30
SYDNEY- March 5 - The Australian dollar clung close to near decade highs against the New Zealand dollar on Friday- aided by favourable yield differentials and trading momentum gathered from breaching a key chart level. ...
Houses getting bigger while families get smaller- Albanese
The Federal Government says Australian housing patterns are not sustainable. ...
Houses getting bigger while families get smaller- Albanese
The Federal Government says Australian housing patterns are not sustainable. ...
Geothermal energy strike is close- Panax
A geothermal energy company is just weeks away from striking what could be the environmentally-friendly equivalent of oil in South Australia's southeast. ...
Aussie exchange rates best for decades
Australian travellers are currently facing the best exchange rates in decades- especially for the euro and the British pound. ...
NZ dollar near 9-year low vs Aussie- awaits US data
NZ dollar hovering above nine-year lows vs Aussie dollar ...
HSBC sells $1.5b Kangaroo bond issue
HSBC Holdings Plc has sold $1.5 billion in Australian-dollar denominated -amp quotkangaroo bonds -amp quot- the largest such issuance in more than two years. ...
Survey shows Aussie firms lifting profit
Australian companies fared reasonably well in the first half of the financial year- but still face challenges as they emerge from the global financial crisis. ...
Slater -amp Gordon shares jump on Merck win
Shares in plaintiff law firm Slater and Gordon Ltd jumped over two per cent after it won an action against global pharmaceutical giant Merck -amp Co- Inc. ...
Govt approves Canberra airport upgrade
The federal government has approved the next stage of upgrades to Canberra airport. ...
Money talks as hours mount but fatigue a concern
The hours are long- the money is good and people jump at the chance to be part of the boom. ...
Construction widens again in Feb- survey
Activity in the construction industry expanded for a second month in February- although at a slower pace- due to a drop in building flats- a survey says. ...
Money talks as hours mount but fatigue a concern
The hours are long- the money is good and people jump at the chance to be part of the boom.But- with thousands of mine workers in WAs Pilbara region slogging away for up to 12 hours a day on major re ...
Workers out of a job after sale of Ballarat gold mine
Ninety workers will be made redundant after the sale of the Ballarat Gold Mine. ...
Eddy Groves' yacht- chopper to be sold
A helicopter and yacht on which fallen childcare entrepreneur Eddy Groves defaulted mortgage repayments will be sold after Federal Court approval was granted. ...
Mines storm water discharge being investigated
Queensland Climate Change and Sustainability Minister Kate Jones says two mines near Mount Isa in the states north-west are releasing excess storm water and that could contain certain minerals. ...
Australia a nation of coffee drinkers
Australia is a nation of coffee drinkers- according to analysis which shows an expanding -amp quotcafe culture -amp quot and trailing tea sales. ...
HSBC sells $1.5b Kangaroo bond issue
HSBC Holdings Plc has sold $1.5 billion in Australian-dollar denominated -amp quotkangaroo bonds -amp quot- the largest such issuance in more than two years. ...
Toyota drivers say car fixes don't work
The US government says it has received more than 60 complaints from Toyota drivers who say their cars have sped up by themselves even after being -amp quotfixed -amp quot. ...
Slater -amp Gordon shares jump on Merck win
Shares in plaintiff law firm Slater and Gordon Ltd jumped over two per cent after it won an action against global pharmaceutical giant Merck -amp Co- Inc. ...
Australia dlr strong near decade highs on NZ $
Aussie strong at NZ $1.3089 AUDNZDR- after rallying to as high as NZ $1.3122 offshore. ...
Asian Markets Overview of March 5- 2010
Sydney- Australia- Mar 5- 2010 - ABN Newswire - Friday Asian stocks received a positive lead from Wall Street. US stocks overnight posted a slim gain- supported by better-than-expected retail sales data and analyst upgrades of a batch of blue-chip companies. Yesterday most Asian markets closed lower on renewed worries about Chinas policy tightening. Hong Kongs Hang Seng Index slid 1.4 per cent- while Shanghai Composite lost 2. ...
Geothermal energy strike is close- Panax
A geothermal energy company is just weeks away from striking what could be the environmentally-friendly equivalent of oil in South Australia's southeast. ...
Lihir agrees to sell Ballarat project
Lihir Gold Ltd says it has agreed to sell its Ballarat project to Castlemaine Goldfields for $4.5 million cash and royalties capped at $50 million. ...
Oil production dips to 40-year low
Australian crude oil production in 2009 dipped to its lowest level in 40 years- according to an industry report card. ...
Brickworks buys concrete panel maker
Brickworks Ltd has bought Sasso Precast Concrete for $35.25 million as Australia's biggest brick maker aims to diversify its product offering. ...
Oil production dips to 40-year low
Australian crude oil production in 2009 dipped to its lowest level in 40 years- according to an industry report card. ...
IT sector pins hopes on broadband
Tasmanias information technology sector is hoping the National Broadband Network will pull the industry out of a steep decline. ...
Jetstar Titans And Australian Power -amp Gas ASX-APK Strengthen Ties
Sydney- Australia- Mar 5- 2010 - ABN Newswire - The Jetstar Gold Coast Titans have strengthened ties with existing sponsor Australian Power -amp amp Gas Company Limited ASX-APK- who has signed an exciting new two-year deal to feature on the clubs brand new away jersey. ...
MacAir liquidator sues ATO
The liquidator of the failed regional airline MacAir is suing the Australian Tax Office ATO for more than a million dollars. ...
More austerity shores up support for Greece
In a bid to secure the support of the European Union- the Greek government announced more austerity measures to deal with its crippling deficit. ...
More austerity shores up support for Greece
In a bid to secure the support of the European Union- the Greek government announced more austerity measures to deal with its crippling deficit. ...
Lihir agrees to sell Ballarat project
Lihir Gold Ltd says it has agreed to sell its Ballarat project to Castlemain Goldfields for $4.5 million cash and royalties capped at $50 million. ...
Lihir agrees to sell Ballarat project
Lihir Gold Ltd says it has agreed to sell its Ballarat project to Castlemain Goldfields for $4.5 million cash and royalties capped at $50 million. ...
Australia shares edge up- caution after strong run
SYDNEY- March 5 - Australian stocks firmed 0.3 percent on Friday- with investors buoyed by some promising U.S. economic data- but caution prevailed after five straight days of gains and Euro zone sovereign debt problems still lingering. ...
OceanaGold progresses capital raising
OceanaGold Corp has executed a step in a previously announced $C86.3 million $A93.10 million capital raising to fund a change in the way it sells its gold. ...
Image Resources NL ASX-IMA Measured Resource Drilling At High Grade Atlas Project Completed
Perth- Australia- Mar 5- 2010 - ABN Newswire - Image Resources NL ASX-IMA PINK-IMREF infill drilling programme that will support a measured resource estimate at Images high grade Atlas project is complete. This drilling closes the drill hole pattern to 100m x 20m- and brings the number of holes drilled at Atlas to 1-721- for a total of 22-130m. Forty percent of the sample processing is complete. ...
Cuts fear for Jetstars Hobart flights
The discount airline- Jetstar- may reduce Hobart services and increase flights to Launceston because of a row over passenger fees. ...
Dai-ichi Life gains Tower stake approval
Dai-ichi Mutual Life Insurance Company of Japan has gained regulatory approval to increase its stake in life insurer Tower Australia Group up to 49.9 per cent. ...
Aquila announces Ankatell decision
Aquila Resources Ltd says the WA government approved the development of green field port facilities at Anketell Point on the West Pilbara coast. ...
Miners call for $650m leg up
South Australias peak mining body says the states resource potential will not be realised unless the major political parties make serious commitments to supporting growth in the mining industry. ...
Construction recovery continues at slower pace
Activity in Australias building and construction industry grew for a second month in February- but the rate of expansion slowed. ...
Construction expands again- survey
Activity in the construction industry expanded for a second month in February- although at a slower pace due to a drop in building flats- a survey says. ...
Brickworks Limited ASX-BKW Diversifies Building Products Offering Through Sasso Precast Concrete Panels Acquisition
Sydney- Australia- Mar 5- 2010 - ABN Newswire - Brickworks Limited ASX-BKW today purchased Sasso Precast Concrete- a substantial manufacturer of precast concrete panels- for A $35.25 million. The transaction will diversify the building products offering and will be immediately earnings per share positive for the company. ...
Galaxy Resources Limited ASX-GXY Commences Mining At Mt Cattlin Spodumene Project Ahead Of Schedule
Perth- Australia- Mar 5- 2010 - ABN Newswire - Galaxy Resources Limited ASX-GXY PINK-GALXF is pleased to announce that the Company has commenced pre-strip mining at its Mt Cattlin Spodumene Project ahead of schedule. ...
Brambles completes management renewal
Brambles Ltd has completed an overhaul of its senior management with the appointment of former Dell senior executive Dolph Westerbos. ...
Amcor expanding South Auckland can plant
Packaging manufacturer Amcor is spending $A33 million $NZ43 million on a new can line at its South Auckland plant to meet increased demand in New Zealand. ...
Construction expands again- survey
Activity in the construction industry expanded for a second month in February- although at a slower pace due to a drop in building flats- a survey says. ...
Enough talking- lets see it happen
The Lord Mayor Lisa Scaffidi says she is encouraged by the Premiers insistence that the Perth waterfront development will go ahead.Colin Barnett yesterday told a business forum he would resign if the ...
Construction recovery continues at slower pace
psiActivity in Australias building and construction industry grew for a second month in February- but the rate of expansion slowed. ...
Rural sector tipped to bounce back
There has been a slide in the agribusiness sector in Queensland in the past month. ...
Aquila still committed to mine project
Aquila Resources says it remains committed to the proposed Eagle Downs project in Queenslands Central Highlands- despite lodging legal documents against its joint venture partner. ...
Cuts fear for Jetstars Hobart flights
The discount airline- Jetstar- may reduce Hobart services and increase flights to Launceston because of a row over passenger fees. ...
Cuts fear for Jetstars Hobart flights
The discount airline- Jetstar- may reduce Hobart services and increase flights to Launceston because of a row over passenger fees. ...
Drivers say Toyota's fixes didn't work
At least 15 Toyota drivers have complained to US officials that their cars sped up by themselves even after being repaired under recalls- an analysis shows. ...
Boeing unveils bid for US military tanker contract
WASHINGTON AFP - Boeing said Thursday it would bid for a 35-billion-dollar contract to supply aerial refueling aircraft to the US Air Force- saying its planes would be cheaper than the ones by rival Airbus. ...
Ruined Yukos seeks billions from Russia at rights court
STRASBOURG AFP - Executives from defunct oil giant Yukos told Europes top rights court Thursday that Russia had waged an illegal campaign to drive the company to bankruptcy- in a multi-billion-dollar claim. ...
Westpac expands its presence in London
Westpac is to reopen a branch for retail customers in the heart of London in an attempt to tap into the expatriate banking market. ...
NZ dlr dragged lower on risk appetite- weak vs Aussie
Kiwi NZDD4 begins about $0.6856-66- about a third of a cent lower than late Thursday levels- close to a one-week low. ...
Westpac expands its presence in London
Westpac is to reopen a branch for retail customers in the heart of London in an attempt to tap into the expatriate banking market. ...
Wesfarmers to raise $757m in bond issue
Wesfarmers Ltd is to raise euro500 million $A756.66 million following the successful pricing of an inaugural issue of bonds. ...
Boeing bids for huge US military tanker contract
WASHINGTON AFP - Boeing entered the bidding for a 35-billion-dollar US Air Force aerial refueling tanker contract Thursday- saying it would offer an aircraft based on its commercial 767 plane. ...
Ruined Yukos seeks billions from Russia at rights court
STRASBOURG AFP - Executives from defunct oil giant Yukos told Europes top rights court Thursday that Russia had waged an illegal campaign to drive the company to bankruptcy- in a multi-billion-dollar claim. ...
Finnish port strike a further blow to weak economy- PM
HELSINKI AFP - A massive stevedores strike that on Thursday shut all of export-reliant Finlands ports will further weaken the countrys already ailing economy- Prime Minister Matti Vanhanen said. ...
Russia unveils 20-billion-dollar plan to save car industry
MOSCOW AFP - The government on Thursday unveiled a plan to invest almost 20 billion dollars over the next decade to transform the embattled Russian car industry into a major global player. ...
Areva sees strong 2010 profit- sales- orders
PARIS AFP - French nuclear group Areva on Thursday said its 2009 net profit fell 6. ...
Financial crisis a bonanza for big banks
The Australia Institute has picked the week of another increase in mortgage rates to launch what it claims to be a comprehensive history of the price gouging habits of the big four banks. ...
Insulation fraud claims already with auditor
Calls for an investigation into allegations of fraud within the now-axed home insulation scheme have come a day late- according to a spokesman for the federal minister responsible for the program. ...
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