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BUSINESS AND FINANCE NEWS IS POWERED BY THE AUSTRALIAN |


Google to settle privacy case for $9m

Fri, 03 Sep 2010 21:43:00 GMT

GOOGLE has agreed to pay $US8.5 million dollars ($9.2 million) to settle a privacy lawsuit over its Buzz social networking feature, according to court documents.

US stocks soar after employment data

Fri, 03 Sep 2010 21:00:00 GMT

US stocks closed higher on Friday after a much anticipated jobs report lifted hopes that the US economic recovery is on the right track.

The man who would be King

Fri, 03 Sep 2010 14:00:00 GMT

WHEN the Leighton Holdings board convenes for its regular monthly meeting on Monday, there will be one notable absentee.

Sigma braces for court battle

Fri, 03 Sep 2010 14:00:00 GMT

A CLASS action lawsuit against pharmaceutical major Sigma over its $389 million annual loss has moved a step closer to the courtroom.

We'll handle crop, GrainCorp says

Fri, 03 Sep 2010 14:00:00 GMT

GrainCorp will be able to cope with increased loads from an expected bumper crop and increased demand from major importing nations.

Yuan value becomes political hot potato

Fri, 03 Sep 2010 14:00:00 GMT

THE US Commerce Department ruled on Tuesday the value placed on the yuan by Beijing was a direct subsidy to Chinese exporters.

Taxman bruised in BHP battle

Fri, 03 Sep 2010 14:00:00 GMT

THE Australian Tax Office has had its claims against BHP Billiton further whittled down after the High Court refused to hear an appeal.

Fortescue note 'risks' reputation

Fri, 03 Sep 2010 14:00:00 GMT

FORTESCUE Metals Group could raise up to $1.97 billion in interest-free cash if it wins a battle with shareholder Leucadia National.

Dollar flat ahead of US figures

Fri, 03 Sep 2010 14:00:00 GMT

THE Australian dollar was relatively flat in quiet Asian trading yesterday as traders waited for a report on US employment, due overnight.

Goodman to sell bonds

Fri, 03 Sep 2010 14:00:00 GMT

A FUND managed by Goodman Group plans to sell $250 million of commercial mortgage bonds to Challenger Financial Services Group.


Canada's $3.75bn Andean swoop

Fri, 03 Sep 2010 14:00:00 GMT

AUSTRALIA'S second-largest gold company, Andean Resources, has recommended a $C3.6 billion ($3.75bn) offer from Goldcorp Inc.

Bank bosses creme de la creme of big earners

Fri, 03 Sep 2010 14:00:00 GMT

AUSTRALIA'S 30 top executives have earned a collective $1.5 billion in the six years since mandatory disclosure began.

Pursuit of funds flattened MFS

Fri, 03 Sep 2010 14:00:00 GMT

AS Michael King cursed, joked and threw about slang before court this week, he looked every bit the small-time Gold Coast solicitor.

The man who would be King

Fri, 03 Sep 2010 14:00:00 GMT

WHEN the Leighton Holdings board convenes for its regular monthly meeting on Monday, there will be one notable absentee.

Stocks finish week on a high

Fri, 03 Sep 2010 14:00:00 GMT

THE Australian sharemarket posted its first weekly gain in four weeks, supported by materials and industrials.

Risky view takes wizard from Oz

Fri, 03 Sep 2010 14:00:00 GMT

GLOBAL investors are losing faith in the "Australian story", doubting the strength of the economy and the resilience of the sharemarket.

Dollar flat ahead of US figures

Fri, 03 Sep 2010 14:00:00 GMT

THE Australian dollar was relatively flat in quiet Asian trading yesterday as traders waited for a report on US employment, due overnight.

Fortescue note 'risks' reputation

Fri, 03 Sep 2010 14:00:00 GMT

FORTESCUE Metals Group could raise up to $1.97 billion in interest-free cash if it wins a battle with shareholder Leucadia National.

Taxman bruised in BHP battle

Fri, 03 Sep 2010 14:00:00 GMT

THE Australian Tax Office has had its claims against BHP Billiton further whittled down after the High Court refused to hear an appeal.

Nufarm out of index, on S&P credit watch

Fri, 03 Sep 2010 14:00:00 GMT

NUFARM'S woes have continued to worsen, dropped from a leading share market index and placed on high alert by a credit rating agency.


Labor's dug itself into a financial hole

Fri, 03 Sep 2010 14:00:00 GMT

THERE is a huge gap between what Labor expects its minerals resource rent tax to raise and what the big three miners expect to pay.

Canada's $3.75bn Andean swoop

Fri, 03 Sep 2010 14:00:00 GMT

AUSTRALIA'S second-largest gold company, Andean Resources, has recommended a $C3.6 billion ($3.75bn) offer from Goldcorp Inc.

Dollar flat ahead of US figures

Fri, 03 Sep 2010 14:00:00 GMT

THE Australian dollar was relatively flat in quiet Asian trading yesterday as traders waited for a report on US employment, due overnight.

Stocks finish week on a high

Fri, 03 Sep 2010 14:00:00 GMT

THE Australian sharemarket posted its first weekly gain in four weeks, supported by materials and industrials.

Taxman bruised in BHP battle

Fri, 03 Sep 2010 14:00:00 GMT

THE Australian Tax Office has had its claims against BHP Billiton further whittled down after the High Court refused to hear an appeal.

Risky view takes wizard from Oz

Fri, 03 Sep 2010 14:00:00 GMT

GLOBAL investors are losing faith in the "Australian story", doubting the strength of the economy and the resilience of the sharemarket.

Stocks fight off weak banks

Fri, 03 Sep 2010 02:39:00 GMT

THE Australian stockmarket was higher by early afternoon after losing some ground, with all four major banks falling into negative territory.

Bank needs US aid, Karzai brother says

Fri, 03 Sep 2010 02:32:00 GMT

THE brother of Afghanistan's President called on the US to support Kabul Bank as customers withdrew about a third of its cash reserves.

Rising share price sets poser for Campbell

Thu, 02 Sep 2010 14:00:00 GMT

THE problem for takeover bidder Campbell Brothers is that the price of its shares keeps rising.

Bourse's strong gains run out of puff

Thu, 02 Sep 2010 14:00:00 GMT

THE Australian sharemarket recovery continued yesterday.


Coal gasification go-ahead likely

Fri, 03 Sep 2010 14:00:00 GMT

THE Indian proponents of what will be Australia's first commercial coal gasification project say they will sign a supply deal this month.

Canada's $3.75bn Andean swoop

Fri, 03 Sep 2010 14:00:00 GMT

AUSTRALIA'S second-largest gold company, Andean Resources, has recommended a $C3.6 billion ($3.75bn) offer from Goldcorp Inc.

Cape Lambert project unveiled

Fri, 03 Sep 2010 14:00:00 GMT

CHINA Metallurgical Group (MCC) has unveiled plans for the Cape Lambert magnetite project it bought from Tony Sage's Cape Lambert Resources.

Taxman bruised in BHP battle

Fri, 03 Sep 2010 14:00:00 GMT

THE Australian Tax Office has had its claims against BHP Billiton further whittled down after the High Court refused to hear an appeal.

Barnett could ignite local opposition

Fri, 03 Sep 2010 14:00:00 GMT

THE Kimberley Land Council has warned the backing of traditional owners for Woodside's $30 billion gas project could be lost

WA gas cheap by global standards

Fri, 03 Sep 2010 14:00:00 GMT

ONE of the world's leading energy academics has dismissed industry concerns about the rising price of natural gas in Western Australia.

Miners urge rural MPs to nix rent tax

Fri, 03 Sep 2010 14:00:00 GMT

The mining industry is concerned at Labor's deal with the Greens

Fortescue note 'risks' reputation

Fri, 03 Sep 2010 14:00:00 GMT

FORTESCUE Metals Group could raise up to $1.97 billion in interest-free cash if it wins a battle with shareholder Leucadia National.

Labor's dug itself into a financial hole

Fri, 03 Sep 2010 14:00:00 GMT

THERE is a huge gap between what Labor expects its minerals resource rent tax to raise and what the big three miners expect to pay.

Gap in mining tax haul as bad as Abbott's holes

Fri, 03 Sep 2010 14:00:00 GMT

THERE is a multi-billion-dollar gap between what Labor expects its mineral resources rent tax to raise and what the miners expect to pay


Bank bosses creme de la creme of big earners

Fri, 03 Sep 2010 14:00:00 GMT

AUSTRALIA'S 30 top executives have earned a collective $1.5 billion in the six years since mandatory disclosure began.

Pick your planner with due diligence

Tue, 31 Aug 2010 14:00:00 GMT

CHOOSING a financial planner is just like choosing any other professional service.

Super issues await new government

Tue, 31 Aug 2010 14:00:00 GMT

SUPERANNUATION experts and industry stakeholders have urged the new government to review existing policies on super and tax.

Discount chain offers robust proposition

Tue, 31 Aug 2010 14:00:00 GMT

RETAIL sales have been sluggish lately following the one-off boost delivered by last year's stimulus splurge.

Trend helps pinpoint a short-term trade

Tue, 31 Aug 2010 14:00:00 GMT

IF you have driven down a road turning left and right without knowing where you were heading, you were probably lost.

Trust issues a test of mettle

Tue, 31 Aug 2010 14:00:00 GMT

RUNNING your own super fund can be a rewarding experience.

Government should say yes to MySuper

Tue, 31 Aug 2010 14:00:00 GMT

HERE'S a word for the new government: say yes to the MySuper idea from the Cooper review.

Potash creates growing interest

Tue, 31 Aug 2010 14:00:00 GMT

HERE'S an honesty test: who knew anything about the potash market before BHP Billiton's tilt for Canadian big kahuna Potash Corp?

Sharper focus on after-tax outcomes

Tue, 31 Aug 2010 14:00:00 GMT

LOW tax is always welcome, especially in these times of low investment returns, when every little extra helps.

Manage funds and look after your life

Tue, 31 Aug 2010 14:00:00 GMT

DEBBIE Brockhoff, a 54-year-old divorcee, realised in December last year that she needed a financial planner.


Bank bosses creme de la creme of big earners

Fri, 03 Sep 2010 14:00:00 GMT

AUSTRALIA'S 30 top executives have earned a collective $1.5 billion in the six years since mandatory disclosure began.

Nufarm out of index, on S&P credit watch

Fri, 03 Sep 2010 14:00:00 GMT

NUFARM'S woes have continued to worsen, dropped from a leading share market index and placed on high alert by a credit rating agency.

Pursuit of funds flattened MFS

Fri, 03 Sep 2010 14:00:00 GMT

AS Michael King cursed, joked and threw about slang before court this week, he looked every bit the small-time Gold Coast solicitor.

RBA to hold on rates, survey shows

Fri, 03 Sep 2010 06:01:05 GMT

THE Reserve Bank is expected to leave interest rates unchanged next Tuesday amid a still uncertain global backdrop, a survey showed today.

Bank needs US aid, Karzai brother says

Fri, 03 Sep 2010 02:32:36 GMT

THE brother of Afghanistan's President called on the US to support Kabul Bank as customers withdrew about a third of its cash reserves.

Nufarm faces class action

Fri, 03 Sep 2010 01:16:53 GMT

LAW firm Slater & Gordon says it will mount a class action against crop chemical company Nufarm after its shock profit downgrade in July.

Bernanke defends Lehman record

Thu, 02 Sep 2010 23:03:51 GMT

FEDERAL Reserve chairman Ben Bernanke has defended his record on Lehman Brothers, saying he had no options to prevent its failure.

Bernanke sees some financial break-ups

Thu, 02 Sep 2010 21:06:55 GMT

A NUMBER of large US financial firms may cut their size or embrace less-complex structures under new regulations, Ben Bernanke said today.

Regional lenders looking to merger

Thu, 02 Sep 2010 14:00:00 GMT

FINANCIAL markets are weighing the ratings implications of a merger between Bank of Queensland and Bendigo and Adelaide Bank.

ASIC to get tough on credit providers

Thu, 02 Sep 2010 14:00:00 GMT

CREDIT providers face strict new compliance reviews and applicants for new licences will be subject to rigorous checks.


Bank needs US aid, Karzai brother says

Fri, 03 Sep 2010 02:32:00 GMT

THE brother of Afghanistan's President called on the US to support Kabul Bank as customers withdrew about a third of its cash reserves.

Bernanke defends Lehman record

Thu, 02 Sep 2010 23:03:00 GMT

FEDERAL Reserve chairman Ben Bernanke has defended his record on Lehman Brothers, saying he had no options to prevent its failure.

Bourse's strong gains run out of puff

Thu, 02 Sep 2010 14:00:00 GMT

THE Australian sharemarket recovery continued yesterday.

Slovak premier slams euro bailouts

Wed, 01 Sep 2010 23:58:00 GMT

THE prime minister of Slovakia believes overly indebted euro-zone countries should be forced into bankruptcy, not bailed out.

Gold slips as investors seek risk

Wed, 01 Sep 2010 20:50:00 GMT

GOLD finished slightly lower today as stronger-than-anticipated US manufacturing data dulled some of the safe-haven shine.

Forex market hits $US4 trillion a day

Wed, 01 Sep 2010 05:01:00 GMT

GLOBAL currency trading volume has hit $US4 trillion a day as investors in rich nations move out of home markets amid economic turmoil.

Wall St closes up after bruising month

Tue, 31 Aug 2010 21:00:00 GMT

US stocks have eked out a tiny advance, in the conclusion of a bruising month for the market.

Oil price tumbles on demand concerns

Tue, 31 Aug 2010 20:19:00 GMT

OIL tumbled today, settling below $US72 a barrel as investors turned their attention toward high US oil supplies and the slowing economy.

Gold price moves close to record highs

Tue, 31 Aug 2010 20:06:00 GMT

GOLD crept closer to record highs today, rising on continued insecurity about the economic recovery as global equity markets struggle.

Fed signals steady policy path

Tue, 31 Aug 2010 19:55:00 GMT

THE Federal Reserve has not ruled out the possibility of reinvesting in mortgages in the future.


China must abandon secrecy: Japan

Fri, 03 Sep 2010 04:48:04 GMT

JAPAN today warned China it risked losing foreign investment if it did not introduce more transparency over its business rules.

Bank needs US aid, Karzai brother says

Fri, 03 Sep 2010 02:32:36 GMT

THE brother of Afghanistan's President called on the US to support Kabul Bank as customers withdrew about a third of its cash reserves.

Sony to compete with iTunes

Thu, 02 Sep 2010 23:19:52 GMT

SONY has announced a new digital music service that would work on internet-connected Sony TVs, Blu-ray players, PlayStation 3's and other devices.

Bernanke defends Lehman record

Thu, 02 Sep 2010 23:03:51 GMT

FEDERAL Reserve chairman Ben Bernanke has defended his record on Lehman Brothers, saying he had no options to prevent its failure.

Hands-off training for Boeing's 787

Thu, 02 Sep 2010 01:40:22 GMT

THERE'S one thing mechanics undergoing Boeing’s intensive training for the 787 Dreamliner won't soon do: touch one of the planes.

Slovak premier slams euro bailouts

Wed, 01 Sep 2010 23:58:26 GMT

THE prime minister of Slovakia believes overly indebted euro-zone countries should be forced into bankruptcy, not bailed out.

Clashing testimony on Lehman collapse

Wed, 01 Sep 2010 22:53:50 GMT

CHAIRMAN of a panel examining the US financial crisis said officials made a "conscious policy decision" not to a prevent Lehman collapse.

Apple in aggressive push into TV

Wed, 01 Sep 2010 22:05:32 GMT

APPLE chief executive Steve Jobs has unveiled a new device that can deliver US99-cent ($1.09) rentals of TV shows over the internet.

Forex market hits $US4 trillion a day

Wed, 01 Sep 2010 05:01:18 GMT

GLOBAL currency trading volume has hit $US4 trillion a day as investors in rich nations move out of home markets amid economic turmoil.

IMF to offer pre-crisis loans

Tue, 31 Aug 2010 06:02:34 GMT

THE IMF will broaden the kinds of loans it offers to encourage developing countries to get help before they are engulfed in crisis.

 
 

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