China Mobile hopes to reach iPhone deal
China Mobile says it hopes it will soon reach a deal with Apple to sell the iPhone- several months after rival China Unicom launched the smartphone. ...
Thu 18th March 2010 - 11:11pm
China Mobile says it hopes it will soon reach a deal with Apple to sell the iPhone- several months after rival China Unicom launched the smartphone. ...
Thu 18th March 2010 - 11:11pm
EU trade chief lashes out at US protectionism
BRUSSELS AFP - EU trade commissioner- Karel De Gucht- on Thursday accused US President Barack Obamas administration of having a -amp quotprotectionist -amp quot agenda- blaming Washington for holding up a global free-trade deal. ...
Thu 18th March 2010 - 09:54pm
BRUSSELS AFP - EU trade commissioner- Karel De Gucht- on Thursday accused US President Barack Obamas administration of having a -amp quotprotectionist -amp quot agenda- blaming Washington for holding up a global free-trade deal. ...
Thu 18th March 2010 - 09:54pm
Greece warns it could resort to IMF
Greek PM George Papandreou has warned Greece may be forced to resort to IMF aid and rejected a German call to expel eurozone nations in breach of fiscal rules. ...
Thu 18th March 2010 - 09:49pm
Greek PM George Papandreou has warned Greece may be forced to resort to IMF aid and rejected a German call to expel eurozone nations in breach of fiscal rules. ...
Thu 18th March 2010 - 09:49pm
Greece warns it could resort to IMF
Greek PM George Papandreou has warned Greece may be forced to resort to IMF aid and rejected a German call to expel eurozone nations in breach of fiscal rules. ...
Thu 18th March 2010 - 09:25pm
Greek PM George Papandreou has warned Greece may be forced to resort to IMF aid and rejected a German call to expel eurozone nations in breach of fiscal rules. ...
Thu 18th March 2010 - 09:25pm
Nissan to make Leaf electric cars in Britain
TOKYO AFP - Nissan Motor on Thursday said it would start building its zero-emission Leaf electric car at a plant in Britain from 2013- saving more than 2-000 jobs in one of Englands most deprived regions. ...
Thu 18th March 2010 - 09:23pm
TOKYO AFP - Nissan Motor on Thursday said it would start building its zero-emission Leaf electric car at a plant in Britain from 2013- saving more than 2-000 jobs in one of Englands most deprived regions. ...
Thu 18th March 2010 - 09:23pm
Euro sinks on Greek concerns
LONDON AFP - The euro sank against the dollar on Thursday on stubborn worries over the Greek debt crisis after the nation warned again that it could appeal for aid to the International Monetary Fund. ...
Thu 18th March 2010 - 09:12pm
LONDON AFP - The euro sank against the dollar on Thursday on stubborn worries over the Greek debt crisis after the nation warned again that it could appeal for aid to the International Monetary Fund. ...
Thu 18th March 2010 - 09:12pm
BA- Iberia to approve merger on March 25- report
MADRID AFP - The boards of British Airways and Iberia will approve a merger of the two airlines on March 25- the Spanish newspaper Expansion reported on Thursday- citing sources close to the companies. ...
Thu 18th March 2010 - 09:11pm
MADRID AFP - The boards of British Airways and Iberia will approve a merger of the two airlines on March 25- the Spanish newspaper Expansion reported on Thursday- citing sources close to the companies. ...
Thu 18th March 2010 - 09:11pm
Power bills to surge- consumers warned
Australian consumers are being warned to brace for a surge in electricity prices after New South Wales announced a 30 per cent increase over the next three years. ...
Thu 18th March 2010 - 08:45pm
Australian consumers are being warned to brace for a surge in electricity prices after New South Wales announced a 30 per cent increase over the next three years. ...
Thu 18th March 2010 - 08:45pm
Power bills to surge- consumers warned
Australian consumers are being warned to brace for a surge in electricity prices after New South Wales announced a 30 per cent increase over the next three years. ...
Thu 18th March 2010 - 08:33pm
Australian consumers are being warned to brace for a surge in electricity prices after New South Wales announced a 30 per cent increase over the next three years. ...
Thu 18th March 2010 - 08:33pm
Japan's Toho Zinc to double stake in CBH
Japan's Toho Zinc Co Ltd has been given backing to more than double its stake in CBH Resources Ltd. ...
Thu 18th March 2010 - 08:29pm
Japan's Toho Zinc Co Ltd has been given backing to more than double its stake in CBH Resources Ltd. ...
Thu 18th March 2010 - 08:29pm
Shipping company in hot water
The company that took over the Flinders Island to Bridport shipping route after Southern Shipping collapsed has pleaded guilty to sailing without a survey certificate. ...
Thu 18th March 2010 - 08:29pm
The company that took over the Flinders Island to Bridport shipping route after Southern Shipping collapsed has pleaded guilty to sailing without a survey certificate. ...
Thu 18th March 2010 - 08:29pm
Shipping company in hot water
The company that took over the Flinders Island to Bridport shipping route after Southern Shipping collapsed has pleaded guilty to sailing without a survey certificate. ...
Thu 18th March 2010 - 08:23pm
The company that took over the Flinders Island to Bridport shipping route after Southern Shipping collapsed has pleaded guilty to sailing without a survey certificate. ...
Thu 18th March 2010 - 08:23pm
Power bills to surge- consumers warned
Australian consumers are being warned to brace for a surge in electricity prices after New South Wales announced a 30 per cent increase over the next three years. ...
Thu 18th March 2010 - 08:20pm
Australian consumers are being warned to brace for a surge in electricity prices after New South Wales announced a 30 per cent increase over the next three years. ...
Thu 18th March 2010 - 08:20pm
ABC Learning creditors to decide wind up
ABC Learning creditors will meet in Brisbane late next week to decide whether to take heed of administrators' advice to wind up the group of companies. ...
Thu 18th March 2010 - 08:13pm
ABC Learning creditors will meet in Brisbane late next week to decide whether to take heed of administrators' advice to wind up the group of companies. ...
Thu 18th March 2010 - 08:13pm
ConsMin slams JP Morgan fees after win
Consolidated Minerals' president has criticised JP Morgan's -amp quotexcessive contractual terms -amp quot after the investment bank lost a $50m court case against the miner. ...
Thu 18th March 2010 - 07:39pm
Consolidated Minerals' president has criticised JP Morgan's -amp quotexcessive contractual terms -amp quot after the investment bank lost a $50m court case against the miner. ...
Thu 18th March 2010 - 07:39pm
HIA warns housing shortage set to quadruple
A new report claims Australias housing shortage will more than quadruple by 2020 if current building trends persist. ...
Thu 18th March 2010 - 07:24pm
A new report claims Australias housing shortage will more than quadruple by 2020 if current building trends persist. ...
Thu 18th March 2010 - 07:24pm
Virgin Mobile fined $22-000 over spam
Virgin Mobile Australia will pay the media watchdog $22-000 after it sent email promotions to people who had opted out of receiving marketing material. ...
Thu 18th March 2010 - 07:10pm
Virgin Mobile Australia will pay the media watchdog $22-000 after it sent email promotions to people who had opted out of receiving marketing material. ...
Thu 18th March 2010 - 07:10pm
ETrade launches online global trades
ETrade Australia has launched a pilot program offering clients Australia's first online trading access to global equity markets. ...
Thu 18th March 2010 - 06:50pm
ETrade Australia has launched a pilot program offering clients Australia's first online trading access to global equity markets. ...
Thu 18th March 2010 - 06:50pm
ACCC rounds on Golden Circle
The Australian Competition and Consumer Commission ACCC says Golden Circle has cheated the public into believing it is Australian owned. ...
Thu 18th March 2010 - 06:31pm
The Australian Competition and Consumer Commission ACCC says Golden Circle has cheated the public into believing it is Australian owned. ...
Thu 18th March 2010 - 06:31pm
Early budget surplus possible- Westpac
The budget is in better shape to tackle the challenges of health reform and an ageing population because the economy avoided a recession- Wayne Swan says. ...
Thu 18th March 2010 - 06:26pm
The budget is in better shape to tackle the challenges of health reform and an ageing population because the economy avoided a recession- Wayne Swan says. ...
Thu 18th March 2010 - 06:26pm
Bank hoses down claims on recovery
Bendigo and Adelaide Bank Ltd has hosed down claims that securitisation markets have recovered enough to lift bank competition. ...
Thu 18th March 2010 - 06:24pm
Bendigo and Adelaide Bank Ltd has hosed down claims that securitisation markets have recovered enough to lift bank competition. ...
Thu 18th March 2010 - 06:24pm
Moody's warns of resources spending risk
Ratings agency Moody's says a huge spending splash planned by Australian resources firms could lead to cost over-runs because of increasingly scare labour. ...
Thu 18th March 2010 - 06:24pm
Ratings agency Moody's says a huge spending splash planned by Australian resources firms could lead to cost over-runs because of increasingly scare labour. ...
Thu 18th March 2010 - 06:24pm
ACCC rounds on Golden Circle
The Australian Competition and Consumer Commission ACCC says Golden Circle has cheated the public into believing it is Australian owned. ...
Thu 18th March 2010 - 06:10pm
The Australian Competition and Consumer Commission ACCC says Golden Circle has cheated the public into believing it is Australian owned. ...
Thu 18th March 2010 - 06:10pm
Foxtel CEO slams ABC news channel plan
Foxtel chief executive Kim Williams has criticised the ABC- targeting its proposed new 24-hour news channel and its chairing of Freeview. ...
Thu 18th March 2010 - 05:56pm
Foxtel chief executive Kim Williams has criticised the ABC- targeting its proposed new 24-hour news channel and its chairing of Freeview. ...
Thu 18th March 2010 - 05:56pm
Kathmandu flags second-half slowdown
Recently-listed Kathmandu Holdings is among retailers flagging a potential slowdown in the second half- due to the fading impact of government stimulus. ...
Thu 18th March 2010 - 05:48pm
Recently-listed Kathmandu Holdings is among retailers flagging a potential slowdown in the second half- due to the fading impact of government stimulus. ...
Thu 18th March 2010 - 05:48pm
ETrade launches online global trades
ETrade Australia has launched a pilot program offering clients Australia's first online trading access to global equity markets. ...
Thu 18th March 2010 - 05:47pm
ETrade Australia has launched a pilot program offering clients Australia's first online trading access to global equity markets. ...
Thu 18th March 2010 - 05:47pm
Australia dlr off 8-week high as risk demand ebbs
Volatility hits 19-mth low as curve steepens ...
Thu 18th March 2010 - 05:42pm
Volatility hits 19-mth low as curve steepens ...
Thu 18th March 2010 - 05:42pm
Ex-Macquarie banker sentenced to jail
A former Macquarie banker was running from allegations of wrongdoing by ASIC when he tried to flee Australia earlier this month- a court has found. ...
Thu 18th March 2010 - 05:38pm
A former Macquarie banker was running from allegations of wrongdoing by ASIC when he tried to flee Australia earlier this month- a court has found. ...
Thu 18th March 2010 - 05:38pm
Market recovers gains to end higher
The Australian share market ended the session higher- despite falling flat earlier today on insurer concerns about a cyclone hitting coal mining regions in Queensland. ...
Thu 18th March 2010 - 05:37pm
The Australian share market ended the session higher- despite falling flat earlier today on insurer concerns about a cyclone hitting coal mining regions in Queensland. ...
Thu 18th March 2010 - 05:37pm
Macarthur joins quarterly coal pricing
A quarterly pricing system for metallurgical coal looks more likely to be adopted permanently after Macarthur Coal said it would use short-term pricing. ...
Thu 18th March 2010 - 05:36pm
A quarterly pricing system for metallurgical coal looks more likely to be adopted permanently after Macarthur Coal said it would use short-term pricing. ...
Thu 18th March 2010 - 05:36pm
Foxtel CEO slams ABC news channel plan
Foxtel chief executive Kim Williams has criticised the ABC- targeting its proposed new 24-hour news channel and its chairing of Freeview. ...
Thu 18th March 2010 - 05:34pm
Foxtel chief executive Kim Williams has criticised the ABC- targeting its proposed new 24-hour news channel and its chairing of Freeview. ...
Thu 18th March 2010 - 05:34pm
IBM denies tax evasion in Japan
TOKYO AFP - IBM Japan on Thursday denied it had evaded taxes after news reports said authorities were probing whether it had failed to declare more than 4.4 billion dollars in income. ...
Thu 18th March 2010 - 05:31pm
TOKYO AFP - IBM Japan on Thursday denied it had evaded taxes after news reports said authorities were probing whether it had failed to declare more than 4.4 billion dollars in income. ...
Thu 18th March 2010 - 05:31pm
Australia shares climb- boosted by Westfield
MELBOURNE- March 18 - Australian stocks clung on to gains to finish 0.2 percent higher on Thursday- led by top shopping mall landlord Westfield Group WDC after a broker upgraded its rating to a buy. ...
Thu 18th March 2010 - 05:31pm
MELBOURNE- March 18 - Australian stocks clung on to gains to finish 0.2 percent higher on Thursday- led by top shopping mall landlord Westfield Group WDC after a broker upgraded its rating to a buy. ...
Thu 18th March 2010 - 05:31pm
Nissan to make electric cars in Britain from 2013
TOKYO AFP - Nissan Motor will start building its Leaf electric car at its British plant from early 2013- the Japanese car maker said Thursday- saving more than 2-000 jobs. ...
Thu 18th March 2010 - 05:28pm
TOKYO AFP - Nissan Motor will start building its Leaf electric car at its British plant from early 2013- the Japanese car maker said Thursday- saving more than 2-000 jobs. ...
Thu 18th March 2010 - 05:28pm
Nissan to make Leaf electric cars in UK
Nissan Motor will start building its Leaf electric car at its UK plant from early 2013- the Japanese car maker said- saving more than 2-000 jobs. ...
Thu 18th March 2010 - 05:18pm
Nissan Motor will start building its Leaf electric car at its UK plant from early 2013- the Japanese car maker said- saving more than 2-000 jobs. ...
Thu 18th March 2010 - 05:18pm
OZ Minerals explores Cambodian gold
OZ Minerals says early work at its Cambodian gold project has found an inferred resource of 605-000 ounces- spurring it to continue more exploration there. ...
Thu 18th March 2010 - 04:51pm
OZ Minerals says early work at its Cambodian gold project has found an inferred resource of 605-000 ounces- spurring it to continue more exploration there. ...
Thu 18th March 2010 - 04:51pm
Major gas agreement signed in Chinchilla
Queensland will boast Australia's first plant to convert coal seam gas to LNG in a bid to dramatically cut the trucking industry's carbon emissions. ...
Thu 18th March 2010 - 04:48pm
Queensland will boast Australia's first plant to convert coal seam gas to LNG in a bid to dramatically cut the trucking industry's carbon emissions. ...
Thu 18th March 2010 - 04:48pm
Nissan to make Leaf electric cars in UK
Nissan Motor will start building its Leaf electric car at its UK plant from early 2013- the Japanese car maker said- saving more than 2-000 jobs. ...
Thu 18th March 2010 - 04:39pm
Nissan Motor will start building its Leaf electric car at its UK plant from early 2013- the Japanese car maker said- saving more than 2-000 jobs. ...
Thu 18th March 2010 - 04:39pm
Mislabelled fruit to go to charity
Almost a million tins of canned fruit will be given to charity after the labels incorrectly suggested they were Australian-owned. ...
Thu 18th March 2010 - 04:37pm
Almost a million tins of canned fruit will be given to charity after the labels incorrectly suggested they were Australian-owned. ...
Thu 18th March 2010 - 04:37pm
BHP Billiton cautious on world economy
BHP Billiton Ltd is cautious about the state of the world economy and is warning governments to be careful about tax changes and winding back stimulus packages. ...
Thu 18th March 2010 - 04:34pm
BHP Billiton Ltd is cautious about the state of the world economy and is warning governments to be careful about tax changes and winding back stimulus packages. ...
Thu 18th March 2010 - 04:34pm
Golden Circle falsely claimed it is Australian- ACCC
Golden Circle will give away nearly $2 million worth of canned fruit and vegetables because it falsely claimed it was Australian-owned. ...
Thu 18th March 2010 - 04:33pm
Golden Circle will give away nearly $2 million worth of canned fruit and vegetables because it falsely claimed it was Australian-owned. ...
Thu 18th March 2010 - 04:33pm
Australia shares end up- shored up by property
MELBOURNE- March 18 - Australian stocks clung on to gains to finish 0.2 percent higher on Thursday- led by top shopping mall landlord Westfield Group WDC- which tracked its U.S. peers higher. ...
Thu 18th March 2010 - 04:32pm
MELBOURNE- March 18 - Australian stocks clung on to gains to finish 0.2 percent higher on Thursday- led by top shopping mall landlord Westfield Group WDC- which tracked its U.S. peers higher. ...
Thu 18th March 2010 - 04:32pm
Sydney plant closure leaves 115 jobless
More than 100 Sydney workers are set to lose their jobs as an international car parts manufacturer sends its operations offshore. ...
Thu 18th March 2010 - 04:25pm
More than 100 Sydney workers are set to lose their jobs as an international car parts manufacturer sends its operations offshore. ...
Thu 18th March 2010 - 04:25pm
iiNet confident it will defend appeal
Internet service provider iiNet says it is confident it will succeed in defending an appeal in its legal stoush over illegal downloading. ...
Thu 18th March 2010 - 04:23pm
Internet service provider iiNet says it is confident it will succeed in defending an appeal in its legal stoush over illegal downloading. ...
Thu 18th March 2010 - 04:23pm
RBA should hold off on rate hikes- ACCI
The Reserve Bank has been told to hold fire on further interest rate hikes until it gets a better handle on the strength of the Australian economy. ...
Thu 18th March 2010 - 03:58pm
The Reserve Bank has been told to hold fire on further interest rate hikes until it gets a better handle on the strength of the Australian economy. ...
Thu 18th March 2010 - 03:58pm
Major gas agreement signed in Chinchilla
Queensland will boast Australia's first plant to convert coal seam gas to LNG in a bid to dramatically cut the trucking industry's carbon emissions. ...
Thu 18th March 2010 - 03:56pm
Queensland will boast Australia's first plant to convert coal seam gas to LNG in a bid to dramatically cut the trucking industry's carbon emissions. ...
Thu 18th March 2010 - 03:56pm
Macarthur joins quarterly coal pricing
A quarterly pricing system for metallurgical coal looks more likely to be adopted permanently after Macarthur Coal said it would soon use short-term pricing. ...
Thu 18th March 2010 - 03:46pm
A quarterly pricing system for metallurgical coal looks more likely to be adopted permanently after Macarthur Coal said it would soon use short-term pricing. ...
Thu 18th March 2010 - 03:46pm
Quickstep to supply fighter parts
Perth firm Quickstep has signed a manufacturing licence agreement with US firm Northrop Grumman to supply parts for the Lockheed Martin Joint Strike Fighter. ...
Thu 18th March 2010 - 03:43pm
Perth firm Quickstep has signed a manufacturing licence agreement with US firm Northrop Grumman to supply parts for the Lockheed Martin Joint Strike Fighter. ...
Thu 18th March 2010 - 03:43pm
Australia warns China over Rio Tinto court case
SYDNEY AFP - Australias Prime Minister Kevin Rudd Thursday warned China that the -amp quotworld will be watching -amp quot next weeks trial of a Rio Tinto mining executive- as officials urged Beijing to let them attend. ...
Thu 18th March 2010 - 03:43pm
SYDNEY AFP - Australias Prime Minister Kevin Rudd Thursday warned China that the -amp quotworld will be watching -amp quot next weeks trial of a Rio Tinto mining executive- as officials urged Beijing to let them attend. ...
Thu 18th March 2010 - 03:43pm
Air NZ to cut Tasman- Pacific fares
Air New Zealand said it is cutting the price of lead-in fares as part of a restructuring of its Tasman and Pacific Island services. ...
Thu 18th March 2010 - 03:33pm
Air New Zealand said it is cutting the price of lead-in fares as part of a restructuring of its Tasman and Pacific Island services. ...
Thu 18th March 2010 - 03:33pm
Alcohol trading hours cut
A Queensland parliamentary committee looking into alcohol-related violence has recommended weekday trading hours be wound back to no later than 2am in entertainment precincts and 1am elsewhere. ...
Thu 18th March 2010 - 03:28pm
A Queensland parliamentary committee looking into alcohol-related violence has recommended weekday trading hours be wound back to no later than 2am in entertainment precincts and 1am elsewhere. ...
Thu 18th March 2010 - 03:28pm
iiNet confident it will defend appeal
Internet service provider iiNet Ltd says it is confident it will succeed in defending an appeal in its legal stoush over illegal downloading. ...
Thu 18th March 2010 - 03:23pm
Internet service provider iiNet Ltd says it is confident it will succeed in defending an appeal in its legal stoush over illegal downloading. ...
Thu 18th March 2010 - 03:23pm
Air NZ to cut Tasman- Pacific fares
Air New Zealand said it is cutting the price of lead-in fares as part of a restructuring of its Tasman and Pacific Island services. ...
Thu 18th March 2010 - 03:22pm
Air New Zealand said it is cutting the price of lead-in fares as part of a restructuring of its Tasman and Pacific Island services. ...
Thu 18th March 2010 - 03:22pm
New Zealand dollar retreats from highs bonds softer
Kiwi drifts lower from eight-week high ...
Thu 18th March 2010 - 03:18pm
Kiwi drifts lower from eight-week high ...
Thu 18th March 2010 - 03:18pm
Dynasty Metals Australia Limited ASX-DMA Announce 450 Million Tonne JORC Compliant Resources For Prairie Downs Iron Project - Pilbara W.A.
Sydney- Australia- Mar 18- 2010 - ABN Newswire - Emerging iron ore explorer Dynasty Metals ASX-DMA today announced an initial maiden 453 million tonne JORC Compliant Resources including 129 million tonnes - 30.5 Fe equivalent to Calcined Fe -amp quotCaFe -amp quot of 33 at a cut-off grade of 27 Fe in the Companys Spearhole Detrital Channel Iron deposit at Prairie Downs in the Pilbara region of Western Australia. ...
Thu 18th March 2010 - 02:55pm
Sydney- Australia- Mar 18- 2010 - ABN Newswire - Emerging iron ore explorer Dynasty Metals ASX-DMA today announced an initial maiden 453 million tonne JORC Compliant Resources including 129 million tonnes - 30.5 Fe equivalent to Calcined Fe -amp quotCaFe -amp quot of 33 at a cut-off grade of 27 Fe in the Companys Spearhole Detrital Channel Iron deposit at Prairie Downs in the Pilbara region of Western Australia. ...
Thu 18th March 2010 - 02:55pm
Rental vacancies fall in NSW metro areas
Vacancy rates for rental properties in major NSW cities have fallen for the second month in a row as the supply of housing tightens. ...
Thu 18th March 2010 - 02:52pm
Vacancy rates for rental properties in major NSW cities have fallen for the second month in a row as the supply of housing tightens. ...
Thu 18th March 2010 - 02:52pm
Oakajee documents will make deadline
The proponents of the Oakajee port and rail project in WAs Mid West say they are on track to deliver crucial project documents to the State Government. ...
Thu 18th March 2010 - 02:44pm
The proponents of the Oakajee port and rail project in WAs Mid West say they are on track to deliver crucial project documents to the State Government. ...
Thu 18th March 2010 - 02:44pm
Green light for $58m gold mine expansion
Multi-million dollar plans to expand a gold mine near West Wyalong have been conditionally approved. ...
Thu 18th March 2010 - 02:40pm
Multi-million dollar plans to expand a gold mine near West Wyalong have been conditionally approved. ...
Thu 18th March 2010 - 02:40pm
Early budget surplus possible- Westpac
The strength of the labour market opens the prospect for the federal budget returning to surplus earlier than forecast- a Westpac economist says. ...
Thu 18th March 2010 - 02:29pm
The strength of the labour market opens the prospect for the federal budget returning to surplus earlier than forecast- a Westpac economist says. ...
Thu 18th March 2010 - 02:29pm
Murchison Metals Limited ASX-MMX Announce Oakajee Port And Rail OPR Planning 45MTPA Capacity For Foundation Customers
Perth- Australia- Mar 18- 2010 - ABN Newswire - Murchison Metals Limited ASX-MMX PINK-MUMTF is pleased to announce that Oakajee Port -amp amp Rail OPR is now targeting initial capacity of 45 million tonnes per annum mtpa at the new Oakajee Port.OPR has also announced Karara Mining Gindalbie Metals ASX- ...
Thu 18th March 2010 - 02:16pm
Perth- Australia- Mar 18- 2010 - ABN Newswire - Murchison Metals Limited ASX-MMX PINK-MUMTF is pleased to announce that Oakajee Port -amp amp Rail OPR is now targeting initial capacity of 45 million tonnes per annum mtpa at the new Oakajee Port.OPR has also announced Karara Mining Gindalbie Metals ASX- ...
Thu 18th March 2010 - 02:16pm
ConsMin slams JP Morgan fees after win
Consolidated Minerals' president has criticised JP Morgan's -amp quotexcessive contractual terms -amp quot after the investment bank lost a $50m court case against the miner. ...
Thu 18th March 2010 - 02:15pm
Consolidated Minerals' president has criticised JP Morgan's -amp quotexcessive contractual terms -amp quot after the investment bank lost a $50m court case against the miner. ...
Thu 18th March 2010 - 02:15pm
Early budget surplus possible- Westpac
The strength of the labour market opens the prospect for the federal budget returning to surplus earlier than forecast- a Westpac economist says. ...
Thu 18th March 2010 - 02:14pm
The strength of the labour market opens the prospect for the federal budget returning to surplus earlier than forecast- a Westpac economist says. ...
Thu 18th March 2010 - 02:14pm
PNG to post 'China-type' growth- Fraser
Papua New Guinea is set to record -amp quotChina-type -amp quot growth of eight per cent this year- Queensland Treasurer Andrew Fraser says. ...
Thu 18th March 2010 - 01:57pm
Papua New Guinea is set to record -amp quotChina-type -amp quot growth of eight per cent this year- Queensland Treasurer Andrew Fraser says. ...
Thu 18th March 2010 - 01:57pm
Bernanke opposes Obamas Fed reforms
A political battle is underway in the United States over president Barack Obamas new rules to regulate financial firms. ...
Thu 18th March 2010 - 01:57pm
A political battle is underway in the United States over president Barack Obamas new rules to regulate financial firms. ...
Thu 18th March 2010 - 01:57pm
GM Holden recalls 9-000 cars over faulty fuel hose
SYDNEY AFP - General Motors Australian subsidiary GM Holden on Thursday recalled 9-000 Cruze sedans over a faulty fuel hose- after a raft of damaging glitches hit Japans Toyota and Honda. ...
Thu 18th March 2010 - 01:56pm
SYDNEY AFP - General Motors Australian subsidiary GM Holden on Thursday recalled 9-000 Cruze sedans over a faulty fuel hose- after a raft of damaging glitches hit Japans Toyota and Honda. ...
Thu 18th March 2010 - 01:56pm
Bernanke opposes Obamas Fed reforms
A political battle is underway in the United States over president Barack Obamas new rules to regulate financial firms. ...
Thu 18th March 2010 - 01:56pm
A political battle is underway in the United States over president Barack Obamas new rules to regulate financial firms. ...
Thu 18th March 2010 - 01:56pm
RBA should hold off on rate hikes- ACCI
The Reserve Bank has been told to hold fire on further interest rate hikes until it gets a better handle on the strength of the Australian economy. ...
Thu 18th March 2010 - 01:53pm
The Reserve Bank has been told to hold fire on further interest rate hikes until it gets a better handle on the strength of the Australian economy. ...
Thu 18th March 2010 - 01:53pm
Mislabelled fruit to go to charity
Almost a million tins of canned fruit will be given to charity after the labels incorrectly suggested they were Australian-owned. ...
Thu 18th March 2010 - 01:48pm
Almost a million tins of canned fruit will be given to charity after the labels incorrectly suggested they were Australian-owned. ...
Thu 18th March 2010 - 01:48pm
Australia shares flat insurers drag as cyclone looms
MELBOURNE- March 18 - Australian stocks were flat early afternoon on Thursday- after climbing to a two-month high- as the top insurers fell on worries about a cyclone hitting coal mining regions in Queensland this weekend. ...
Thu 18th March 2010 - 01:43pm
MELBOURNE- March 18 - Australian stocks were flat early afternoon on Thursday- after climbing to a two-month high- as the top insurers fell on worries about a cyclone hitting coal mining regions in Queensland this weekend. ...
Thu 18th March 2010 - 01:43pm
PNG to post 'China-type' growth- Fraser
Papua New Guinea is set to record -amp quotChina-type -amp quot growth of eight per cent this year- Queensland Treasurer Andrew Fraser says. ...
Thu 18th March 2010 - 01:32pm
Papua New Guinea is set to record -amp quotChina-type -amp quot growth of eight per cent this year- Queensland Treasurer Andrew Fraser says. ...
Thu 18th March 2010 - 01:32pm
Deputy regrets pulp mill intervention
Tasmanians Deputy Premier has told a public meeting Labor is still feeling the effects of intervening in the Gunns pulp mill approval process. ...
Thu 18th March 2010 - 01:28pm
Tasmanians Deputy Premier has told a public meeting Labor is still feeling the effects of intervening in the Gunns pulp mill approval process. ...
Thu 18th March 2010 - 01:28pm
Pay-TV sector still growing- says ASTRA
Australian Subscription Television and Radio Association head Steve Bracks says the pay-TV industry is growing- despite a -amp quotstagnant regulatory environment -amp quot. ...
Thu 18th March 2010 - 01:27pm
Australian Subscription Television and Radio Association head Steve Bracks says the pay-TV industry is growing- despite a -amp quotstagnant regulatory environment -amp quot. ...
Thu 18th March 2010 - 01:27pm
iiNet confident it will defend appeal
Internet service provider iiNet Ltd says it is confident it will succeed in defending an appeal in its legal stoush over illegal downloading. ...
Thu 18th March 2010 - 01:19pm
Internet service provider iiNet Ltd says it is confident it will succeed in defending an appeal in its legal stoush over illegal downloading. ...
Thu 18th March 2010 - 01:19pm
Leighton Contractors appoints new MD
Leighton Holdings Ltd says Craig Laslett has been appointed managing director of Leighton Contractors- effective from September. ...
Thu 18th March 2010 - 01:18pm
Leighton Holdings Ltd says Craig Laslett has been appointed managing director of Leighton Contractors- effective from September. ...
Thu 18th March 2010 - 01:18pm
Minemakers to list on Namibian bourse
Phosphate miner Minemakers Ltd plans to list in May on the stock exchange of Namibia- where it has marine phosphate projects. ...
Thu 18th March 2010 - 01:17pm
Phosphate miner Minemakers Ltd plans to list in May on the stock exchange of Namibia- where it has marine phosphate projects. ...
Thu 18th March 2010 - 01:17pm
Virgin Mobile punished for sending spam
Virgin Mobile Australia will pay the media watchdog $22-000 after it sent email promotions to people who had opted out of receiving marketing material. ...
Thu 18th March 2010 - 01:17pm
Virgin Mobile Australia will pay the media watchdog $22-000 after it sent email promotions to people who had opted out of receiving marketing material. ...
Thu 18th March 2010 - 01:17pm
Australian dlr off 8-wk highs as stocks slumber
Australian dollar AUDD4 firm at $0.9215- under an eight-week high of $0.9253 hit offshore. On the week however- it is still up from Fridays $0.9151. It was flat on the yen at 83.14 AUDJPY ...
Thu 18th March 2010 - 12:53pm
Australian dollar AUDD4 firm at $0.9215- under an eight-week high of $0.9253 hit offshore. On the week however- it is still up from Fridays $0.9151. It was flat on the yen at 83.14 AUDJPY ...
Thu 18th March 2010 - 12:53pm
PNG-Queensland business council fosters trade- Fraser
Queensland Treasurer Andrew Fraser says the State Government will continue to develop trade links with Papua New Guinea PNG despite the appointment of a special trade representative and the setting up of a new business body. ...
Thu 18th March 2010 - 12:39pm
Queensland Treasurer Andrew Fraser says the State Government will continue to develop trade links with Papua New Guinea PNG despite the appointment of a special trade representative and the setting up of a new business body. ...
Thu 18th March 2010 - 12:39pm
Toll hike a cash grab to help sell Gateway
There has been an angry reaction to a proposed hike in tolls on Brisbanes Gateway bridge. ...
Thu 18th March 2010 - 12:22pm
There has been an angry reaction to a proposed hike in tolls on Brisbanes Gateway bridge. ...
Thu 18th March 2010 - 12:22pm
US- India ink deal for 'limitless' trade
The US and India launched a new blitz to boost economic- trade and financial cooperation- the latest sign of deepening ties between the two economic giants. ...
Thu 18th March 2010 - 12:16pm
The US and India launched a new blitz to boost economic- trade and financial cooperation- the latest sign of deepening ties between the two economic giants. ...
Thu 18th March 2010 - 12:16pm
OPEC decides to leave output unchanged
OPEC oil ministers on Wednesday opted to keep their output targets unchanged in a bid to keep prices at present levels. ...
Thu 18th March 2010 - 12:10pm
OPEC oil ministers on Wednesday opted to keep their output targets unchanged in a bid to keep prices at present levels. ...
Thu 18th March 2010 - 12:10pm
CBH recommends revised Toho proposal
CBH Resources Ltd's independent board committee has recommended Toho Zinc Co's bid for a stake in 49.9 per cent of the miner. ...
Thu 18th March 2010 - 11:59am
CBH Resources Ltd's independent board committee has recommended Toho Zinc Co's bid for a stake in 49.9 per cent of the miner. ...
Thu 18th March 2010 - 11:59am
Toll hike a cash grab to help sell Gateway
There has been an angry reaction to a proposed hike in tolls on Brisbanes Gateway bridge. ...
Thu 18th March 2010 - 11:59am
There has been an angry reaction to a proposed hike in tolls on Brisbanes Gateway bridge. ...
Thu 18th March 2010 - 11:59am
BHP Billiton cautious on world economy
BHP Billiton Ltd is cautious about the state of the world economy and is warning governments to be careful about tax changes and winding back stimulus packages. ...
Thu 18th March 2010 - 11:58am
BHP Billiton Ltd is cautious about the state of the world economy and is warning governments to be careful about tax changes and winding back stimulus packages. ...
Thu 18th March 2010 - 11:58am
Toll hike a cash grab to help sell Gateway
There has been an angry reaction to a proposed hike in tolls on Brisbanes Gateway bridge. ...
Thu 18th March 2010 - 11:55am
There has been an angry reaction to a proposed hike in tolls on Brisbanes Gateway bridge. ...
Thu 18th March 2010 - 11:55am
Alcohol trading hours cut
A Queensland parliamentary committee looking into alcohol-related violence has recommended weekday trading hours be wound back to no later than 2am in entertainment precincts and 1am elsewhere. ...
Thu 18th March 2010 - 11:44am
A Queensland parliamentary committee looking into alcohol-related violence has recommended weekday trading hours be wound back to no later than 2am in entertainment precincts and 1am elsewhere. ...
Thu 18th March 2010 - 11:44am
Australia shares firm 0.2 pct Westfield leads
MELBOURNE- March 18 - Australian stocks inched up 0.2 percent in morning trade on Thursday- hovering near a two-month high- propped up by top shopping mall landlord Westfield Group WDC and banks tracking gains on Wall Street. ...
Thu 18th March 2010 - 11:37am
MELBOURNE- March 18 - Australian stocks inched up 0.2 percent in morning trade on Thursday- hovering near a two-month high- propped up by top shopping mall landlord Westfield Group WDC and banks tracking gains on Wall Street. ...
Thu 18th March 2010 - 11:37am
Alcohol trading hours cut
A Queensland parliamentary committee looking into alcohol-related violence has recommended weekday trading hours be wound back to no later than 2am in entertainment precincts and 1am elsewhere. ...
Thu 18th March 2010 - 11:30am
A Queensland parliamentary committee looking into alcohol-related violence has recommended weekday trading hours be wound back to no later than 2am in entertainment precincts and 1am elsewhere. ...
Thu 18th March 2010 - 11:30am
Frustrated community demands rail return
About 1-200 people packed a community consultation session in Mildura last night- demanding the citys passenger train service be restored. ...
Thu 18th March 2010 - 11:23am
About 1-200 people packed a community consultation session in Mildura last night- demanding the citys passenger train service be restored. ...
Thu 18th March 2010 - 11:23am
MPs unite against Hus closed-door case
MPs on both sides of politics have expressed concern that consular officials will be barred from parts of the China trial of Rio Tinto executive Stern Hu. ...
Thu 18th March 2010 - 10:55am
MPs on both sides of politics have expressed concern that consular officials will be barred from parts of the China trial of Rio Tinto executive Stern Hu. ...
Thu 18th March 2010 - 10:55am
Kathmandu reports net loss of $NZ11.3m
Outdoor gear retailer Kathmandu Holdings Ltd has reported a net loss of $NZ11.3 million $A8.68 million in its inaugural half year. ...
Thu 18th March 2010 - 10:51am
Outdoor gear retailer Kathmandu Holdings Ltd has reported a net loss of $NZ11.3 million $A8.68 million in its inaugural half year. ...
Thu 18th March 2010 - 10:51am
Frustrated community demands rail return
About 1-200 people packed a community consultation session in Mildura last night- demanding the citys passenger train service be restored. ...
Thu 18th March 2010 - 10:48am
About 1-200 people packed a community consultation session in Mildura last night- demanding the citys passenger train service be restored. ...
Thu 18th March 2010 - 10:48am
No plan to up coal royalties- Fraser
Queensland Treasurer Andrew Fraser says he has no plans to increase coal royalties in this years state budget. ...
Thu 18th March 2010 - 10:41am
Queensland Treasurer Andrew Fraser says he has no plans to increase coal royalties in this years state budget. ...
Thu 18th March 2010 - 10:41am
NZ dlr near 8-week high vs US $- 2-year high vs euro
Kiwi NZDD4 around $0.7137-40- little changed from morning trade- after hitting an offshore high of $0.7180- its highest since Jan. 21. Kiwi seen facing strong resistance around $0.7200- while support seen around $0.7097. ...
Thu 18th March 2010 - 10:40am
Kiwi NZDD4 around $0.7137-40- little changed from morning trade- after hitting an offshore high of $0.7180- its highest since Jan. 21. Kiwi seen facing strong resistance around $0.7200- while support seen around $0.7097. ...
Thu 18th March 2010 - 10:40am
MPs unite against Hus closed-door case
MPs on both sides of politics have expressed concern that consular officials will be barred from parts of the China trial of Rio Tinto executive Stern Hu. ...
Thu 18th March 2010 - 10:38am
MPs on both sides of politics have expressed concern that consular officials will be barred from parts of the China trial of Rio Tinto executive Stern Hu. ...
Thu 18th March 2010 - 10:38am
Australia shares rise 0.4 pct on bank gains
MELBOURNE- March 18 - Australian stocks rose 0.4 percent to a two-month high in early trade on Thursday- led by bank shares tracking gains on Wall Street. ...
Thu 18th March 2010 - 10:33am
MELBOURNE- March 18 - Australian stocks rose 0.4 percent to a two-month high in early trade on Thursday- led by bank shares tracking gains on Wall Street. ...
Thu 18th March 2010 - 10:33am
MPs unite against Hus closed-door case
MPs on both sides of politics have expressed concern that consular officials will be barred from parts of the China trial of Rio Tinto executive Stern Hu. ...
Thu 18th March 2010 - 10:26am
MPs on both sides of politics have expressed concern that consular officials will be barred from parts of the China trial of Rio Tinto executive Stern Hu. ...
Thu 18th March 2010 - 10:26am
IRvoice Taipei Forum 2010 Registration Closes on Friday
Taipei- Mar 18- 2010 - ACN Newswire - Registration for the 2010 IRvoice Taipei Forum officially closes on March 19 Friday- DO NOT MISS the chance to participate in this largest annual event for investor relations IR professionals in Taiwan. www.irvoice. ...
Thu 18th March 2010 - 09:34am
Taipei- Mar 18- 2010 - ACN Newswire - Registration for the 2010 IRvoice Taipei Forum officially closes on March 19 Friday- DO NOT MISS the chance to participate in this largest annual event for investor relations IR professionals in Taiwan. www.irvoice. ...
Thu 18th March 2010 - 09:34am
US- India ink deal for 'limitless' trade
The US and India launched a new blitz to boost economic- trade and financial cooperation- the latest sign of deepening ties between the two economic giants. ...
Thu 18th March 2010 - 09:30am
The US and India launched a new blitz to boost economic- trade and financial cooperation- the latest sign of deepening ties between the two economic giants. ...
Thu 18th March 2010 - 09:30am
Airport passenger numbers take off
The Mount Isa and Townsville airports in north Queensland have recorded the strongest growth in passenger numbers since the onset of the global financial crisis in late 2008. ...
Thu 18th March 2010 - 09:13am
The Mount Isa and Townsville airports in north Queensland have recorded the strongest growth in passenger numbers since the onset of the global financial crisis in late 2008. ...
Thu 18th March 2010 - 09:13am
Hu to face trial as Rio boss visits China
It has been eight months coming- but the detained executives from Rio Tintos Shanghai-based iron ore negotiating team will finally face court next Monday. ...
Thu 18th March 2010 - 08:50am
It has been eight months coming- but the detained executives from Rio Tintos Shanghai-based iron ore negotiating team will finally face court next Monday. ...
Thu 18th March 2010 - 08:50am
Australia shares seen rising to 2-month high
A source on Wednesday said Arrow is expected to respond to the offer- comprising A $4.45 in cash per share- plus a share in a new entity for its international business- within days. Arrows shares have persistently traded above A $5 since the Shell-PetroChina takeover offer was announced- closing at A $5.25 on Wednesday. ...
Thu 18th March 2010 - 08:49am
A source on Wednesday said Arrow is expected to respond to the offer- comprising A $4.45 in cash per share- plus a share in a new entity for its international business- within days. Arrows shares have persistently traded above A $5 since the Shell-PetroChina takeover offer was announced- closing at A $5.25 on Wednesday. ...
Thu 18th March 2010 - 08:49am
Corporate Express Gets Mop Up Bid
Corporate Express Australia has copped a $1 billion mop up bid from its major shareholder- the Staples office supplies chain of the US.Staples controls 98.6 million of Corporate Expresss 168 million issued shares- or around 58.Controlling that much of its target reduces Staples cost to around $390 million.It inherited the stake in the Australian company when -amp 160it took over the -amp 160Dutch-based parent- Corporate Express- several years ago.Corporate -amp 160Express shares went into a trading halt at its request first thing yesterday with the board flagging that a bid had been received.The offer emerged in the afternoon and the shares soared 24 to $5.71- just under the value of the bid of $5.725- including $5.60 cash and the 12.5c a share dividend announced on March 2.As well- if Staples gets its hands on at least 90 of the shares- it will pay out a further 78c a share worth $132 million -amp 160to cash out Corporate Expresss franking credits.If thats agreed to the value of the offer will be reduced by the size of the payment to a maximum of 78cCorporate Express shares were -amp 160trading at $4.60 on Tuesday but -amp 160had snuck up from $4.26 on March 6.Corporate Express chairman- Ian Pollard said in the statement -amp 160that -amp 160 -amp quotThe Independent Directors believe this offer delivers value to shareholders and will unanimously recommend shareholders accept the offer in the absence of a higher offer and subject to the findings of the Independent Expert. -amp quot -amp quotThe total offer consideration provides an attractive premium and compares favourably with recent similar transactions. -amp quotWhen the franking credit benefits are taken into account- there is potential to add additional value for shareholders- -amp quot he said.Corporate Express said it and -amp 160Staples had signed an Implementation Agreement pursuant to which the Independent Directors unanimously recommend the Staples Offer subject to no superior proposal emerging and an Independent Expert determining that the Staples Offer is fair and reasonable to non-Staples shareholders. -amp quotThe Staples Offer- which will be implemented by an off-market takeover- values Corporate Express at approximately $1.0 billion on an equity value basis and approximately $1.1 billion on an enterprise value basis. -amp quotFollowing a detailed review of alternatives- the Independent Directors have agreed with Staples that Corporate Express will seek an Australian tax ruling to facilitate the payment of a fully franked special dividend of no more than 78 cents per share. -amp quotSubject to obtaining a favourable tax ruling- the special dividend would be declared and become payable upon the Staples Offer being declared unconditional. -amp quotFunding for the special dividend which amounts to approximately $132 million is expected to be provided by a combination of existing debt facilities and a debt facility to be provided by Staples on an arms length basis. -amp quotThe application for the Australian tax ruling will be lodged as soon as possible. -amp quotTo the extent the special dividend is declared and paid- the Staples Offer price will reduce accordingly- the statement explained. -amp 160 ...
Thu 18th March 2010 - 08:47am
Corporate Express Australia has copped a $1 billion mop up bid from its major shareholder- the Staples office supplies chain of the US.Staples controls 98.6 million of Corporate Expresss 168 million issued shares- or around 58.Controlling that much of its target reduces Staples cost to around $390 million.It inherited the stake in the Australian company when -amp 160it took over the -amp 160Dutch-based parent- Corporate Express- several years ago.Corporate -amp 160Express shares went into a trading halt at its request first thing yesterday with the board flagging that a bid had been received.The offer emerged in the afternoon and the shares soared 24 to $5.71- just under the value of the bid of $5.725- including $5.60 cash and the 12.5c a share dividend announced on March 2.As well- if Staples gets its hands on at least 90 of the shares- it will pay out a further 78c a share worth $132 million -amp 160to cash out Corporate Expresss franking credits.If thats agreed to the value of the offer will be reduced by the size of the payment to a maximum of 78cCorporate Express shares were -amp 160trading at $4.60 on Tuesday but -amp 160had snuck up from $4.26 on March 6.Corporate Express chairman- Ian Pollard said in the statement -amp 160that -amp 160 -amp quotThe Independent Directors believe this offer delivers value to shareholders and will unanimously recommend shareholders accept the offer in the absence of a higher offer and subject to the findings of the Independent Expert. -amp quot -amp quotThe total offer consideration provides an attractive premium and compares favourably with recent similar transactions. -amp quotWhen the franking credit benefits are taken into account- there is potential to add additional value for shareholders- -amp quot he said.Corporate Express said it and -amp 160Staples had signed an Implementation Agreement pursuant to which the Independent Directors unanimously recommend the Staples Offer subject to no superior proposal emerging and an Independent Expert determining that the Staples Offer is fair and reasonable to non-Staples shareholders. -amp quotThe Staples Offer- which will be implemented by an off-market takeover- values Corporate Express at approximately $1.0 billion on an equity value basis and approximately $1.1 billion on an enterprise value basis. -amp quotFollowing a detailed review of alternatives- the Independent Directors have agreed with Staples that Corporate Express will seek an Australian tax ruling to facilitate the payment of a fully franked special dividend of no more than 78 cents per share. -amp quotSubject to obtaining a favourable tax ruling- the special dividend would be declared and become payable upon the Staples Offer being declared unconditional. -amp quotFunding for the special dividend which amounts to approximately $132 million is expected to be provided by a combination of existing debt facilities and a debt facility to be provided by Staples on an arms length basis. -amp quotThe application for the Australian tax ruling will be lodged as soon as possible. -amp quotTo the extent the special dividend is declared and paid- the Staples Offer price will reduce accordingly- the statement explained. -amp 160 ...
Thu 18th March 2010 - 08:47am
AWB Shares Belted After New Profit Downgrade
Shares in AWB took a pounding again yesterday after yet another profit downgrade.The company told the ASX -amp 160that it now expects -amp 160profit before tax and significant items for the year ending September. 30 will be between $85 million to $110 million- less than its previous guidance of A $115 million to A $140 million..It is the second or third earnings cut by the company in the past few months.The shares dropped around 12- or 13c to a days low of 92c- before inching back up to end at 93c- down 12c or 11.4.AWB said in its statement that -amp quotwith the exception of its Australian grain marketing business- all key operating businesses were trading broadly in line with expectations. -amp quotThe company now anticipates that its profit before tax and significant items for the full year ending 30 September 2010 will be within the range of $85 million to $110 million which represents a reduction from previous guidance of $115 million to $140 million. -amp quotA contributing factor to this reduction is the expected reduction in annualised profit before tax of $7 million to $10 million due to the sale of the Landmark Financial Services loan and deposit books. -amp quotThe company forecasts it will report a profit before tax and significant items within the range of $25 million and $35 million for the half year ending 31 March 2010- subject to finalisation of the half year results to be announced on 19 May 2010. -amp quotIn yesterdays statement- the companys CEO -amp 160Gordon Davis said that increases in global wheat stocks- lower transactional margins and reduced price volatility within the Australian and international grain markets have impacted the profitability of the grain marketing business. -amp quotWe expect that the domestic grain marketing result will be weighted towards the second half of the financial year but for the full year it is still likely to be significantly lower than the prior comparative period- -amp quot Mr Davis said. -amp quotThe company anticipates the domestic pooling and logistic businesses should provide a stronger result than the prior year comparative despite an increase in grain warehoused or stored on farm. -amp quotIn addition- the Logistics businesses- in particular Rail and Melbourne Port Terminal- have benefited from an increase in volumes resulting from the improved crop size on the east coast of Australia compared to the prior year. -amp quotAWB Geneva is performing well as it continues to focus on serving key customers across Europe- the Middle East- Africa and Asia- -amp quot Mr Davis said.Mr Davis said that after a subdued first quarter- Landmark is now experiencing a significant increase in the level of activity- particularly in fertiliser and merchandise- due to improved seasonal conditions. -amp quotLandmark is benefiting from the extensive cost reduction program which was implemented in 2009 and provided favourable conditions continue across the country- Landmark should continue to perform solidly for the remainder of the year- -amp quot Mr Davis said.Mr Davis said that the performance of the Australian grain marketing business was below expectations at this stage however- it is pleasing that all other businesses are performing well on the back of improved seasonal conditions across regional Australia and strong support from our international customers.AWB said that significant items for the half are forecast to be principally represented by the two matters previously disclosed - the Watson class action settlement and the loss on sale of the Landmark Financial Services loan and deposit books.With the effective closure of five out of six legal actions against the company and with a more conservative balance sheet structure- the company says it is now in a better position to focus on reshaping the business to achieve more sustainable earnings- build more expansive customer offerings and enhance shareholder value. -amp 160 ...
Thu 18th March 2010 - 08:45am
Shares in AWB took a pounding again yesterday after yet another profit downgrade.The company told the ASX -amp 160that it now expects -amp 160profit before tax and significant items for the year ending September. 30 will be between $85 million to $110 million- less than its previous guidance of A $115 million to A $140 million..It is the second or third earnings cut by the company in the past few months.The shares dropped around 12- or 13c to a days low of 92c- before inching back up to end at 93c- down 12c or 11.4.AWB said in its statement that -amp quotwith the exception of its Australian grain marketing business- all key operating businesses were trading broadly in line with expectations. -amp quotThe company now anticipates that its profit before tax and significant items for the full year ending 30 September 2010 will be within the range of $85 million to $110 million which represents a reduction from previous guidance of $115 million to $140 million. -amp quotA contributing factor to this reduction is the expected reduction in annualised profit before tax of $7 million to $10 million due to the sale of the Landmark Financial Services loan and deposit books. -amp quotThe company forecasts it will report a profit before tax and significant items within the range of $25 million and $35 million for the half year ending 31 March 2010- subject to finalisation of the half year results to be announced on 19 May 2010. -amp quotIn yesterdays statement- the companys CEO -amp 160Gordon Davis said that increases in global wheat stocks- lower transactional margins and reduced price volatility within the Australian and international grain markets have impacted the profitability of the grain marketing business. -amp quotWe expect that the domestic grain marketing result will be weighted towards the second half of the financial year but for the full year it is still likely to be significantly lower than the prior comparative period- -amp quot Mr Davis said. -amp quotThe company anticipates the domestic pooling and logistic businesses should provide a stronger result than the prior year comparative despite an increase in grain warehoused or stored on farm. -amp quotIn addition- the Logistics businesses- in particular Rail and Melbourne Port Terminal- have benefited from an increase in volumes resulting from the improved crop size on the east coast of Australia compared to the prior year. -amp quotAWB Geneva is performing well as it continues to focus on serving key customers across Europe- the Middle East- Africa and Asia- -amp quot Mr Davis said.Mr Davis said that after a subdued first quarter- Landmark is now experiencing a significant increase in the level of activity- particularly in fertiliser and merchandise- due to improved seasonal conditions. -amp quotLandmark is benefiting from the extensive cost reduction program which was implemented in 2009 and provided favourable conditions continue across the country- Landmark should continue to perform solidly for the remainder of the year- -amp quot Mr Davis said.Mr Davis said that the performance of the Australian grain marketing business was below expectations at this stage however- it is pleasing that all other businesses are performing well on the back of improved seasonal conditions across regional Australia and strong support from our international customers.AWB said that significant items for the half are forecast to be principally represented by the two matters previously disclosed - the Watson class action settlement and the loss on sale of the Landmark Financial Services loan and deposit books.With the effective closure of five out of six legal actions against the company and with a more conservative balance sheet structure- the company says it is now in a better position to focus on reshaping the business to achieve more sustainable earnings- build more expansive customer offerings and enhance shareholder value. -amp 160 ...
Thu 18th March 2010 - 08:45am
Housing Recovering
In the US the Fed yesterday morning said US housing starts were -amp quotat a depressed level -amp quot. At its late January meeting it didnt single out the crushed housing sector.In Australia yesterday- housing starts for 2009 and the December quarter were shown to be reacting strongly to the now ended -amp 160first home buyers scheme.In fact- despite what some nervous nellies were writing and forecasting last week- housing starts are now growing at their fastest rate since the 2001 boom.The Australian Bureau of Statistics said -amp 160dwelling starts rose -amp 16015.1 in December quarter to 40-022 units- accelerating from a revised 11 expansion in -amp 160the September quarter.But while the annual rate is now approaching 160-000- that is still a long way short of the 200-000 starts a year we need to keep up with demand.With the ending of the first home buyers scheme- housing starts dipped by nearly 8 in January- a situation that was expected.The ABS said that year-on-year- seasonally adjusted housing starts rose 26 in the December quarter- the ABS said.New South Wales dwellings starts rose -amp 16016.5 in the quarter- seasonally adjusted. In Victoria- they rose by 15.6- Queensland starts increased 13.3 and -amp 160South Australian starts were up -amp 1608.7.Western Australia was slower- up just 2.3- while in Tasmania -amp 160they barely budged- rising only 0.7 per cent in the quarter.So its no wonder there was a small- but very noticeably upgrade of the housing sector in -amp 160the minuets of this months Reserve Bank board meeting that were released on Tuesday.Each month the bank reports to the board on each sector of the economy- plus retail sales- growth estimates and other information picked up in the staff dealings with companies and industries.This months minutes said- -amp quotThe market for established housing had been very buoyant- with auction clearance rates at high levels- notably in Melbourne. Data for housing prices suggested that nationwide prices had continued to grow at a rate of close to 1 per -amp 160cent per month in December and January. -amp quotThe February minutes said- -amp quotThe housing market remained fairly buoyant- with private-sector measures suggesting price growth of 10-12 -amp 160per cent over 2009 and the ABS measure of prices of detached houses having risen by slightly more. -amp quotPrices appeared to have levelled out in late 2009 in lower-priced suburbs. -amp quotOne word difference very- replacing fairly and some other comments and its clear the Reserve Bank now has housing squarely in its sights.It will be happy with the strong recovery in housing starts- but wants to see more land made available. ...
Thu 18th March 2010 - 08:44am
In the US the Fed yesterday morning said US housing starts were -amp quotat a depressed level -amp quot. At its late January meeting it didnt single out the crushed housing sector.In Australia yesterday- housing starts for 2009 and the December quarter were shown to be reacting strongly to the now ended -amp 160first home buyers scheme.In fact- despite what some nervous nellies were writing and forecasting last week- housing starts are now growing at their fastest rate since the 2001 boom.The Australian Bureau of Statistics said -amp 160dwelling starts rose -amp 16015.1 in December quarter to 40-022 units- accelerating from a revised 11 expansion in -amp 160the September quarter.But while the annual rate is now approaching 160-000- that is still a long way short of the 200-000 starts a year we need to keep up with demand.With the ending of the first home buyers scheme- housing starts dipped by nearly 8 in January- a situation that was expected.The ABS said that year-on-year- seasonally adjusted housing starts rose 26 in the December quarter- the ABS said.New South Wales dwellings starts rose -amp 16016.5 in the quarter- seasonally adjusted. In Victoria- they rose by 15.6- Queensland starts increased 13.3 and -amp 160South Australian starts were up -amp 1608.7.Western Australia was slower- up just 2.3- while in Tasmania -amp 160they barely budged- rising only 0.7 per cent in the quarter.So its no wonder there was a small- but very noticeably upgrade of the housing sector in -amp 160the minuets of this months Reserve Bank board meeting that were released on Tuesday.Each month the bank reports to the board on each sector of the economy- plus retail sales- growth estimates and other information picked up in the staff dealings with companies and industries.This months minutes said- -amp quotThe market for established housing had been very buoyant- with auction clearance rates at high levels- notably in Melbourne. Data for housing prices suggested that nationwide prices had continued to grow at a rate of close to 1 per -amp 160cent per month in December and January. -amp quotThe February minutes said- -amp quotThe housing market remained fairly buoyant- with private-sector measures suggesting price growth of 10-12 -amp 160per cent over 2009 and the ABS measure of prices of detached houses having risen by slightly more. -amp quotPrices appeared to have levelled out in late 2009 in lower-priced suburbs. -amp quotOne word difference very- replacing fairly and some other comments and its clear the Reserve Bank now has housing squarely in its sights.It will be happy with the strong recovery in housing starts- but wants to see more land made available. ...
Thu 18th March 2010 - 08:44am
Greece Fixed- Whos Next- The UK
So it looks like Greece will be supported and stopped from defaulting on its huge debts- who will be nextMoodys- the ratings agency- says AAA rated countries like the Germany- France- the UK- the US- Sweden and Japan face problems- with the UK and US facing particular problems of having a big drop in output- huge government borrowings and a weak recovery.Look at the way sterling has been hammered- down 25 in the past two years.And yet that has hardly cut the UKs current account deficit.Inflation remains high but is weak elsewhere in Europe- in the eurozone in fact- and outside- but not in the UK.UK petrol prices are about to hit a new high of around 120 p a litre.Given the economy seems to be flagging again- the Bank of England is likely to reintroduce quantitative easing later this year. When it does- the pound will be sold off- and there will be a new government that will have to grapple with the problem.And it will be inexperienced and still finding its way- looking to cut spending- but facing more revenue pressures.The European -amp 160Commission has fingered the UK- urging the Brown -amp 160Labour Government to outline further spending cuts and spell out where the axe will fall.That call- made in an assessment of the UKs deficit reduction plans- was leaked ahead of its official release and one week before the March 24 British budget.London media reports quoted the report as saying- -amp quotThe fiscal strategy in the convergence programme is not sufficiently ambitious and needs to be significantly reinforced. -amp quotA credible timeframe for restoring public finances to a sustainable position requires additional fiscal tightening measures beyond those currently planned. -amp quotIt says that plans to cut spending in the current year are sufficient but raises doubts over official growth forecasts. It says that the size of the taxpayers stake in Britains banking sector is adding to worries over whether the government can scale back its borrowing.Perhaps a troubled UK government in future might avail itself of the support merchanism that eurozone finance ministers have agreed to for Spain- but at a price.The UK is not in the eurozone- so its discomfort will be worn by sterling- which is now under increasing pressure.Spain- Italy and Portugal are in the zone and will be watching the Greek deal very closely.The nub of the deal is -amp 160an emergency financial support facility- the first of its kind -amp 160since the euros creation in 1999.But there wont be specific sums promised for Greece- although the Financial Times says it wants 25 billion euros of support.The program will likely -amp 160be based on direct- bilateral loans from other eurozone governments.Statements from other ministers suggested -amp 160that eurozone governments were putting the final touches on the principles of a rescue operation for Greece- -amp 160The FT report said -amp 160the Greece is seeking to cut the -amp 160cost of financing its 270 billion euro -amp 160public debt by through a -amp 16025bn -amp 160stand-by facility of loans and guarantees. -amp quotThe facility- if agreed- would be disbursed at the request of the Greek government- people familiar with the issue said on Monday. -amp quotIt is not clear at this point if Greece would have to draw on the facility or if market pressure will fall back simply because it is in place- -amp quot said one person close to the talks. -amp quotBankers say it is important for the Greeks to reduce their borrowing costs or cutting the budget deficit may prove extremely difficult. -amp quotThis year- for example- the Greeks have paid a rough average of 6 per cent on the 13bn of new bonds issued in the markets. This compares with an average of about 4.5 per cent last year. -amp quotAn extra 1.5 percentage points on Greeces 270bn of outstanding bonds works out at 4bn a year in extra interest costs - equivalent to about 1.6 percentage points of gross domestic product. -amp quotThe FT said the need for a support package is growing- -amp 160 -amp quotIt has to roll over 8.2bn of debt on April 20 and another 1.3bn three days later -amp quot.The -amp 160ministers stopped short of promising specific sums for Greece- and gave few details of their plan except to signal that it was likely to be based on direct- bilateral loans from other eurozone governments.Instead the suggestion of the support package will be there and pressure maintained on Greece to do what it said it would- cut spending and all outlays by 4 of GDP this year.That will be complicated by a sharper than forecast drop in economic growth- perhaps by 4. That will add to the pressures to cut spending because Government revenues will be weak- unless the promise to crack down on rampant tax evasion actually takes place. ...
Thu 18th March 2010 - 08:42am
So it looks like Greece will be supported and stopped from defaulting on its huge debts- who will be nextMoodys- the ratings agency- says AAA rated countries like the Germany- France- the UK- the US- Sweden and Japan face problems- with the UK and US facing particular problems of having a big drop in output- huge government borrowings and a weak recovery.Look at the way sterling has been hammered- down 25 in the past two years.And yet that has hardly cut the UKs current account deficit.Inflation remains high but is weak elsewhere in Europe- in the eurozone in fact- and outside- but not in the UK.UK petrol prices are about to hit a new high of around 120 p a litre.Given the economy seems to be flagging again- the Bank of England is likely to reintroduce quantitative easing later this year. When it does- the pound will be sold off- and there will be a new government that will have to grapple with the problem.And it will be inexperienced and still finding its way- looking to cut spending- but facing more revenue pressures.The European -amp 160Commission has fingered the UK- urging the Brown -amp 160Labour Government to outline further spending cuts and spell out where the axe will fall.That call- made in an assessment of the UKs deficit reduction plans- was leaked ahead of its official release and one week before the March 24 British budget.London media reports quoted the report as saying- -amp quotThe fiscal strategy in the convergence programme is not sufficiently ambitious and needs to be significantly reinforced. -amp quotA credible timeframe for restoring public finances to a sustainable position requires additional fiscal tightening measures beyond those currently planned. -amp quotIt says that plans to cut spending in the current year are sufficient but raises doubts over official growth forecasts. It says that the size of the taxpayers stake in Britains banking sector is adding to worries over whether the government can scale back its borrowing.Perhaps a troubled UK government in future might avail itself of the support merchanism that eurozone finance ministers have agreed to for Spain- but at a price.The UK is not in the eurozone- so its discomfort will be worn by sterling- which is now under increasing pressure.Spain- Italy and Portugal are in the zone and will be watching the Greek deal very closely.The nub of the deal is -amp 160an emergency financial support facility- the first of its kind -amp 160since the euros creation in 1999.But there wont be specific sums promised for Greece- although the Financial Times says it wants 25 billion euros of support.The program will likely -amp 160be based on direct- bilateral loans from other eurozone governments.Statements from other ministers suggested -amp 160that eurozone governments were putting the final touches on the principles of a rescue operation for Greece- -amp 160The FT report said -amp 160the Greece is seeking to cut the -amp 160cost of financing its 270 billion euro -amp 160public debt by through a -amp 16025bn -amp 160stand-by facility of loans and guarantees. -amp quotThe facility- if agreed- would be disbursed at the request of the Greek government- people familiar with the issue said on Monday. -amp quotIt is not clear at this point if Greece would have to draw on the facility or if market pressure will fall back simply because it is in place- -amp quot said one person close to the talks. -amp quotBankers say it is important for the Greeks to reduce their borrowing costs or cutting the budget deficit may prove extremely difficult. -amp quotThis year- for example- the Greeks have paid a rough average of 6 per cent on the 13bn of new bonds issued in the markets. This compares with an average of about 4.5 per cent last year. -amp quotAn extra 1.5 percentage points on Greeces 270bn of outstanding bonds works out at 4bn a year in extra interest costs - equivalent to about 1.6 percentage points of gross domestic product. -amp quotThe FT said the need for a support package is growing- -amp 160 -amp quotIt has to roll over 8.2bn of debt on April 20 and another 1.3bn three days later -amp quot.The -amp 160ministers stopped short of promising specific sums for Greece- and gave few details of their plan except to signal that it was likely to be based on direct- bilateral loans from other eurozone governments.Instead the suggestion of the support package will be there and pressure maintained on Greece to do what it said it would- cut spending and all outlays by 4 of GDP this year.That will be complicated by a sharper than forecast drop in economic growth- perhaps by 4. That will add to the pressures to cut spending because Government revenues will be weak- unless the promise to crack down on rampant tax evasion actually takes place. ...
Thu 18th March 2010 - 08:42am
Meridian builds wind farm in Victoria
New Zealand electricity generator Meridian Energy Ltd has entered a JV with Australia's AGL Energy to build the $A800 million Macarthur Wind Farm in Victoria. ...
Thu 18th March 2010 - 08:21am
New Zealand electricity generator Meridian Energy Ltd has entered a JV with Australia's AGL Energy to build the $A800 million Macarthur Wind Farm in Victoria. ...
Thu 18th March 2010 - 08:21am
OPEC decides to leave output unchanged
OPEC oil ministers on Wednesday opted to keep their output targets unchanged in a bid to keep prices at present levels. ...
Thu 18th March 2010 - 08:18am
OPEC oil ministers on Wednesday opted to keep their output targets unchanged in a bid to keep prices at present levels. ...
Thu 18th March 2010 - 08:18am
Libs up the cost of Expressway duplication
The Liberals have not only matched the South Australian Governments pledge to duplicate Adelaides Southern Expressway but have adopted Labors costings. ...
Thu 18th March 2010 - 08:18am
The Liberals have not only matched the South Australian Governments pledge to duplicate Adelaides Southern Expressway but have adopted Labors costings. ...
Thu 18th March 2010 - 08:18am
Wachovia pays 160 million dollars to halt drugs probe
WASHINGTON AFP - Wachovia has agreed to pay US prosecutors 160 million dollars for its failure to stop drug money being laundered to Mexican affiliates- the DEA said Wednesday. ...
Thu 18th March 2010 - 08:16am
WASHINGTON AFP - Wachovia has agreed to pay US prosecutors 160 million dollars for its failure to stop drug money being laundered to Mexican affiliates- the DEA said Wednesday. ...
Thu 18th March 2010 - 08:16am
Fuel leak forces Holden to recall 9-000 sedans
As the worlds biggest carmaker tries to restore confidence in the Toyota brand- Holden in Australia faces its own big safety problem. ...
Thu 18th March 2010 - 07:48am
As the worlds biggest carmaker tries to restore confidence in the Toyota brand- Holden in Australia faces its own big safety problem. ...
Thu 18th March 2010 - 07:48am
Hu to face trial as Rio boss visits China
It has been eight months coming- but the detained executives from Rio Tintos Shanghai-based iron ore negotiating team will finally face court next Monday. ...
Thu 18th March 2010 - 07:41am
It has been eight months coming- but the detained executives from Rio Tintos Shanghai-based iron ore negotiating team will finally face court next Monday. ...
Thu 18th March 2010 - 07:41am
Hu to face trial as Rio boss visits China
It has been eight months coming- but the detained executives from Rio Tintos Shanghai-based iron ore negotiating team will finally face court next Monday. ...
Thu 18th March 2010 - 07:37am
It has been eight months coming- but the detained executives from Rio Tintos Shanghai-based iron ore negotiating team will finally face court next Monday. ...
Thu 18th March 2010 - 07:37am
Fuel leak forces Holden to recall 9-000 sedans
As the worlds biggest carmaker tries to restore confidence in the Toyota brand- Holden in Australia faces its own big safety problem. ...
Thu 18th March 2010 - 07:36am
As the worlds biggest carmaker tries to restore confidence in the Toyota brand- Holden in Australia faces its own big safety problem. ...
Thu 18th March 2010 - 07:36am
Wall Street hits 17-month closing high
Signs of easing inflation in the United States and gains in the energy and banking sectors have helped to push US stocks to their highest closing level in 17 months. ...
Thu 18th March 2010 - 07:33am
Signs of easing inflation in the United States and gains in the energy and banking sectors have helped to push US stocks to their highest closing level in 17 months. ...
Thu 18th March 2010 - 07:33am
NZ dollar firms near 8-week high on risk appetite
Kiwi NZDD4 about $0.7139-43- compared with $0.7119-23 in late local trade on Wednesday and having touched an offshore high of $0.7180- its highest since Jan. 21. Supports for kiwi now seen around $0.7097 and strong resistance around $0.7200. ...
Thu 18th March 2010 - 07:15am
Kiwi NZDD4 about $0.7139-43- compared with $0.7119-23 in late local trade on Wednesday and having touched an offshore high of $0.7180- its highest since Jan. 21. Supports for kiwi now seen around $0.7097 and strong resistance around $0.7200. ...
Thu 18th March 2010 - 07:15am
Forcing China to revalue currency may boomerang- analysts
WASHINGTON AFP - The US may be barking up the wrong tree by trying to force China to revalue its currency as it could fuel a rise in prices of favorite American products such as the iPhone and even plunge the Asian giant into social unrest- some analysts warned Wednesday. ...
Thu 18th March 2010 - 06:21am
WASHINGTON AFP - The US may be barking up the wrong tree by trying to force China to revalue its currency as it could fuel a rise in prices of favorite American products such as the iPhone and even plunge the Asian giant into social unrest- some analysts warned Wednesday. ...
Thu 18th March 2010 - 06:21am
Iceland cuts main interest rate despite Icesave debacle
REYKJAVIK AFP - Icelands central bank slashed its benchmark interest rate Wednesday- but warned uncertainty over a repayment deal for the Icesave bank collapse was restricting its ability to mend the ailing economy. ...
Thu 18th March 2010 - 04:52am
REYKJAVIK AFP - Icelands central bank slashed its benchmark interest rate Wednesday- but warned uncertainty over a repayment deal for the Icesave bank collapse was restricting its ability to mend the ailing economy. ...
Thu 18th March 2010 - 04:52am
Judge orders banks to trial over Milan bond deals
MILAN AFP - A judge in Milan ordered banks JPMorgan- Deutsche Bank- Depfa- UBS and 13 people to stand trial for alleged fraud in the sale of derivative instruments- the prosecutor told AFP on Wednesday. ...
Thu 18th March 2010 - 04:42am
MILAN AFP - A judge in Milan ordered banks JPMorgan- Deutsche Bank- Depfa- UBS and 13 people to stand trial for alleged fraud in the sale of derivative instruments- the prosecutor told AFP on Wednesday. ...
Thu 18th March 2010 - 04:42am
GM sees profit- possibly IPO this year- official
DETROIT- Michigan AFP - General Motors could be ready for an initial public stock offering as early as the second half of this year- the automakers new chief financial officer said Wednesday. ...
Thu 18th March 2010 - 04:28am
DETROIT- Michigan AFP - General Motors could be ready for an initial public stock offering as early as the second half of this year- the automakers new chief financial officer said Wednesday. ...
Thu 18th March 2010 - 04:28am
EU drops anti-trust charges against Frances EDF
BRUSSELS AFP - European competition regulators on Wednesday dropped anti-trust charges against Electricite de France EDF after the French company pledged to ease its contract rules for corporate clients. ...
Thu 18th March 2010 - 04:11am
BRUSSELS AFP - European competition regulators on Wednesday dropped anti-trust charges against Electricite de France EDF after the French company pledged to ease its contract rules for corporate clients. ...
Thu 18th March 2010 - 04:11am
Creditor countries cancel Afghanistans debt
PARIS AFP - The Paris Club of 19 creditor countries said Wednesday it was cancelling all of Afghanistans debt owed to its members- more than one billion dollars- after Kabul committed itself to fighting poverty. ...
Thu 18th March 2010 - 03:59am
PARIS AFP - The Paris Club of 19 creditor countries said Wednesday it was cancelling all of Afghanistans debt owed to its members- more than one billion dollars- after Kabul committed itself to fighting poverty. ...
Thu 18th March 2010 - 03:59am
Oil prices rise as OPEC holds output
LONDON AFP - World oil prices rose slightly on Wednesday as OPEC members agreed as expected to hold the cartels output- while the weekly US energy inventory report was broadly in line with forecasts. ...
Thu 18th March 2010 - 03:29am
LONDON AFP - World oil prices rose slightly on Wednesday as OPEC members agreed as expected to hold the cartels output- while the weekly US energy inventory report was broadly in line with forecasts. ...
Thu 18th March 2010 - 03:29am
Zara owners profits rise on strong Asia sales
MADRID AFP - Spains Inditex- Europes biggest clothing retailer and the company behind Zara- posted Wednesday a rise in profit as strong sales abroad- especially in Asia- offset sluggish domestic demand. ...
Thu 18th March 2010 - 03:14am
MADRID AFP - Spains Inditex- Europes biggest clothing retailer and the company behind Zara- posted Wednesday a rise in profit as strong sales abroad- especially in Asia- offset sluggish domestic demand. ...
Thu 18th March 2010 - 03:14am
Iceland cuts main interest rate as economy perks up
REYKJAVIK AFP - Icelands central bank on Wednesday cut its benchmark interest rate by half a percentage point to 9.0 percent amid signs that the Nordic countrys battered economy was on the rebound. ...
Thu 18th March 2010 - 02:56am
REYKJAVIK AFP - Icelands central bank on Wednesday cut its benchmark interest rate by half a percentage point to 9.0 percent amid signs that the Nordic countrys battered economy was on the rebound. ...
Thu 18th March 2010 - 02:56am
LG pays price for power-hungry fridges
Life is not so good for the global electronics manufacturer LG after it was caught out overstating the energy efficiency of some of its refrigerators. ...
Thu 18th March 2010 - 02:11am
Life is not so good for the global electronics manufacturer LG after it was caught out overstating the energy efficiency of some of its refrigerators. ...
Thu 18th March 2010 - 02:11am
Jobless dip gives Brown pre-poll lift
LONDON AFP - The government was boosted on Wednesday by news that unemployment fell in February at the fastest pace in over 12 years- in a fresh sign of recovery ahead of expected May elections. ...
Thu 18th March 2010 - 01:55am
LONDON AFP - The government was boosted on Wednesday by news that unemployment fell in February at the fastest pace in over 12 years- in a fresh sign of recovery ahead of expected May elections. ...
Thu 18th March 2010 - 01:55am
Porsche cuts debt- forecasts loss this year
FRANKFURT AFP - The German luxury car maker Porsche said on Wednesday that has paid down nearly half its mountain of debt but that it expects to suffer a net loss in its current fiscal year. ...
Thu 18th March 2010 - 12:41am
FRANKFURT AFP - The German luxury car maker Porsche said on Wednesday that has paid down nearly half its mountain of debt but that it expects to suffer a net loss in its current fiscal year. ...
Thu 18th March 2010 - 12:41am
Merkel moots eurozone expulsion for fiscal sinners
BERLIN AFP - The 16-nation eurozone must have the option of expelling a member from the club if a country persistently breaks its rules- German Chancellor Angela Merkel said Wednesday. ...
Thu 18th March 2010 - 12:11am
BERLIN AFP - The 16-nation eurozone must have the option of expelling a member from the club if a country persistently breaks its rules- German Chancellor Angela Merkel said Wednesday. ...
Thu 18th March 2010 - 12:11am
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