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Business News
| BUSINESS AND FINANCE NEWS IS POWERED BY THE AUSTRALIAN | |
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Strong consumer confidence boosts dollarWed, 10 Mar 2010 06:55:35 GMTTHE Australian dollar closed higher after the release of a positive consumer confidence report as market expectations firmed in the lead up to labour force figures tomorrow.
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Local stocks flat, miners weakWed, 10 Mar 2010 05:46:33 GMTTHE Australian sharemarket closed flat, as weaker mining stocks offset a stronger financial sector.
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Shares close flat on housing dataWed, 10 Mar 2010 05:41:40 GMTTHE share market closed flat after eight consecutive trading day gains, as weaker mining stocks offset a stronger financial sector.
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Aurox shares jump on Atlas bidWed, 10 Mar 2010 05:41:28 GMTJUNIOR Aurox Resources' shares soared more than 170 per cent today on Atlas Iron's $143 million bid for the company.
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Fee pool for QR float to hit $50mWed, 10 Mar 2010 05:20:08 GMTTHE investment bank fee pool for the $4bn Queensland rail float will total around $50m with $45m being shared around the lead managers.
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Bond market stirs to life with offersWed, 10 Mar 2010 04:59:02 GMTAUSTRALIA'S debt market sparked into life today, including the first offer by a non-financial corporate since the middle of last year.
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Orica sees $92m hit from tax rulingWed, 10 Mar 2010 04:22:07 GMTORICA said a court ruling today against it over a dispute with the tax office was likely to hit its after-tax profit by $92 million.
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Tax case loss to cost Orica $92m moreWed, 10 Mar 2010 04:16:43 GMTORICA says a defeat of an appeal in the Federal Court of an amended tax assessment will cost it a further $92 million.
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Chinese exports soar for a third monthWed, 10 Mar 2010 04:01:32 GMTCHINA'S exports expanded 45.7 per cent in February for the third consecutive month of growth and at the fastest pace in three years.
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Public servants 'pretended to be voicemail'Wed, 10 Mar 2010 02:55:00 GMTUK civil servants left behind during strike action claim they were ordered to pretend they were telephone answering machines to ease their workload.
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Local stocks flat, miners weakWed, 10 Mar 2010 05:46:33 GMTTHE Australian sharemarket closed flat, as weaker mining stocks offset a stronger financial sector.
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Aurox shares jump on Atlas bidWed, 10 Mar 2010 05:41:28 GMTJUNIOR Aurox Resources' shares soared more than 170 per cent today on Atlas Iron's $143 million bid for the company.
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Fee pool for QR float to hit $50mWed, 10 Mar 2010 05:20:08 GMTTHE investment bank fee pool for the $4bn Queensland rail float will total around $50m with $45m being shared around the lead managers.
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Bond market stirs to life with offersWed, 10 Mar 2010 04:59:02 GMTAUSTRALIA'S debt market sparked into life today, including the first offer by a non-financial corporate since the middle of last year.
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Orica sees $92m hit from tax rulingWed, 10 Mar 2010 04:22:07 GMTORICA said a court ruling today against it over a dispute with the tax office was likely to hit its after-tax profit by $92 million.
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Chinese exports soar for a third monthWed, 10 Mar 2010 04:01:32 GMTCHINA'S exports expanded 45.7 per cent in February for the third consecutive month of growth and at the fastest pace in three years.
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Debate on Telstra split to proceedWed, 10 Mar 2010 02:45:36 GMTAN attempt by the Opposition to halt Senate discussions on legislation designed to cleave Telstra in two has failed.
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Alesco plunges 31pc on profit warningWed, 10 Mar 2010 01:12:01 GMTALESCO shares plunged 31 per cent today after the building products distributor sharply downgraded its full-year earnings forecast.
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Demand for car finance slumpsWed, 10 Mar 2010 00:34:31 GMTDEMAND for vehicle finance has fallen below the level of a year ago as the rebound in car sales paints a false picture of recovery.
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Consumers buoyant despite rate riseTue, 09 Mar 2010 23:43:40 GMTAN index of consumer sentiment in Australia rose 0.2 per cent in March from February, brushing aside rising interest rates.
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Local stocks flat, miners weakWed, 10 Mar 2010 05:46:33 GMTTHE Australian sharemarket closed flat, as weaker mining stocks offset a stronger financial sector.
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Bond market stirs to life with offersWed, 10 Mar 2010 04:59:02 GMTAUSTRALIA'S debt market sparked into life today, including the first offer by a non-financial corporate since the middle of last year.
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Alesco plunges 31pc on profit warningWed, 10 Mar 2010 01:12:01 GMTALESCO shares plunged 31 per cent today after the building products distributor sharply downgraded its full-year earnings forecast.
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Consumers buoyant despite rate riseTue, 09 Mar 2010 23:43:40 GMTAN index of consumer sentiment in Australia rose 0.2 per cent in March from February, brushing aside rising interest rates.
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Wall St gains as Nasdaq at 6-mth highTue, 09 Mar 2010 21:51:01 GMTUS stocks rose slightly today, led by telecommunications companies following the unveiling of a faster router from Cisco Systems.
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Greece eyes bond markets for up to $26bnTue, 09 Mar 2010 21:36:58 GMTGREECE will seek to raise a further $15 billion through one or two bond issues in March and is planning up to $11bn in a global bond.
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Gold eases on $US strength, ChinaTue, 09 Mar 2010 20:58:31 GMTGOLD finished with a slight loss today after its was pressured early by a muscular US dollar and by comments from a Chinese official.
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$A second favourite among hedge fundsTue, 09 Mar 2010 19:42:34 GMTTHE US dollar is the favourite currency among hedge fund managers, with the Australian dollar a distant second, according to a survey.
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Jump in job ads bolsters bourseTue, 09 Mar 2010 13:00:00 GMTCONFIDENCE in the local economy buoyed equities.
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SMSFs hoarding cashTue, 09 Mar 2010 13:00:00 GMTINVESTORS with self-managed superannuation funds (SMSFs) say they will continue to hold a big proportion of their portfolios.
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Aurox shares jump on Atlas bidWed, 10 Mar 2010 05:41:28 GMTJUNIOR Aurox Resources' shares soared more than 170 per cent today on Atlas Iron's $143 million bid for the company.
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Fee pool for QR float to hit $50mWed, 10 Mar 2010 05:20:08 GMTTHE investment bank fee pool for the $4bn Queensland rail float will total around $50m with $45m being shared around the lead managers.
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Atlas and Aurox to mergeTue, 09 Mar 2010 23:21:57 GMTAUROX Resources and Atlas Iron have agreed to merge via a scheme of arrangement.
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Gold eases on $US strength, ChinaTue, 09 Mar 2010 20:58:31 GMTGOLD finished with a slight loss today after its was pressured early by a muscular US dollar and by comments from a Chinese official.
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Giants eye $1.3bn in AGL assetsTue, 09 Mar 2010 13:00:00 GMTROYAL Dutch Shell and PetroChina's joint tilt for Arrow Energy could be followed up by a $1.3 billion bid for AGL's gas assets.
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Miners can't get Bligh off her trackTue, 09 Mar 2010 13:00:00 GMTLIKE Margaret Thatcher, Anna Bligh is patently not one for the old U-turn.
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Rinehart loses but mine war not overTue, 09 Mar 2010 13:00:00 GMTMining heiress Angela Bennett has won her battle against Gina Rinehart over one of the biggest iron ore deposits in the country.
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OZ's $14m Azure dealTue, 09 Mar 2010 13:00:00 GMTOZ Minerals has extended its copper reach into Latin America.
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Dourado to spin off uraniumTue, 09 Mar 2010 13:00:00 GMTTHE proposal comes as the miner faces further scrutiny from the ASX.
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Mid-West junior comes of ageTue, 09 Mar 2010 13:00:00 GMTCASHMERE says it has a billion-tonne iron ore deposit.
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Supply shortages likelyMon, 15 Feb 2010 13:00:00 GMTTWO years of resources growth have been lost globally because of project deferrals.
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Europe worries batter resourcesFri, 05 Feb 2010 13:00:00 GMTSTOCKS and commodities were dumped yesterday on concerns that an emerging debt crisis in Europe would hamper the global economic recovery.
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Macquarie still game for SempraMon, 01 Feb 2010 13:00:00 GMTMACQUARIE Group remains in the hunt for RBS Sempra, the commodities trader worth up to $4.3 billion.
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Grains of hope as the world recoversFri, 29 Jan 2010 13:00:00 GMTTHE rising dollar has, however, limited returns to farmers.
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Oil flat as stockpiles stifle demandThu, 28 Jan 2010 21:17:54 GMTCRUDE futures ended flat, as weak oil demand kept bargain hunters out of a market battered by several weeks of steep declines.
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Gold falls as traders buy US dollarThu, 28 Jan 2010 21:12:56 GMTGOLD snapped back late in the pit session after hitting its lowest level in nearly three months as the US dollar strengthened.
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Oil hits one-month low as demand wanesWed, 27 Jan 2010 21:11:30 GMTCRUDE oil futures prices ended at a one-month low on fresh signs of continued weak US demand.
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Gold slips as US dollar takes offWed, 27 Jan 2010 21:04:46 GMTGOLD remains on the defensive in response to strength in the US dollar, although the metal trimmed its losses in after-hours trading.
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China lending fears weigh on oilTue, 26 Jan 2010 21:16:53 GMTCRUDE oil fell on renewed concerns of a possible tightening in Chinese bank lending that could lead to slower demand growth.
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Gold shines on US confidence boostTue, 26 Jan 2010 21:10:42 GMTGOLD recovered from early weakness to close higher as a strong consumer-confidence reading helped restore risk appetite.
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Demand for car finance slumpsWed, 10 Mar 2010 00:34:31 GMTDEMAND for vehicle finance has fallen below the level of a year ago as the rebound in car sales paints a false picture of recovery.
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NAB, Virgin still keen on RBS UK assetsTue, 09 Mar 2010 19:27:05 GMTNAB and Richard Branson's Virgin Money remain in the running for RBS assets in Britain as rival Banco Santander steps up its interest.
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Gen Y worst hit but stay resilientTue, 09 Mar 2010 13:00:00 GMTTHE global financial crisis hit younger Australians the hardest, with new data showing Gen Y got the lowest salary increases.
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Investors move back to propertyTue, 09 Mar 2010 13:00:00 GMTPROPERTY investors have returned in force to Australia's major capital cities.
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Gen Y worst hit but stay resilientTue, 09 Mar 2010 13:00:00 GMTTHE global financial crisis hit younger Australians the hardest, with new data showing Gen Y got the lowest salary increases.
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Mac analyst backs StokesTue, 09 Mar 2010 13:00:00 GMTKERRY Stokes's $3 billion bid to combine Seven with his industrial equipment business WesTrac has received a positive report from Macquarie.
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Ex-funds man in strifeTue, 09 Mar 2010 13:00:00 GMTA FORMER senior Macquarie Bank funds manager has been caught trying to leave the country in defiance of a court order.
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Targett drops ANZ suitTue, 09 Mar 2010 13:00:00 GMTFORMER ANZ Bank senior executive Steve Targett appears to have walked away empty-handed from his three-year battle.
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Rate rise bets lift as job ads soarTue, 09 Mar 2010 04:27:34 GMTDRAMATIC growth in job advertising and a surge in business confidence have lifted the chances of another interest-rate rise in April.
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Shorts target Prudential on AIA risksMon, 08 Mar 2010 20:01:20 GMTPRUDENTIAL is racing to complete a Hong Kong listing amid renewed doubts that investors will back its $35.5 billion acquisition of AIA.
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Wall St gains as Nasdaq at 6-mth highTue, 09 Mar 2010 21:51:01 GMTUS stocks rose slightly today, led by telecommunications companies following the unveiling of a faster router from Cisco Systems.
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Greece eyes bond markets for up to $26bnTue, 09 Mar 2010 21:36:58 GMTGREECE will seek to raise a further $15 billion through one or two bond issues in March and is planning up to $11bn in a global bond.
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Gold eases on $US strength, ChinaTue, 09 Mar 2010 20:58:31 GMTGOLD finished with a slight loss today after its was pressured early by a muscular US dollar and by comments from a Chinese official.
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$A second favourite among hedge fundsTue, 09 Mar 2010 19:42:34 GMTTHE US dollar is the favourite currency among hedge fund managers, with the Australian dollar a distant second, according to a survey.
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Jump in job ads bolsters bourseTue, 09 Mar 2010 13:00:00 GMTCONFIDENCE in the local economy buoyed equities.
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Wall St lower but Cisco contains fallMon, 08 Mar 2010 21:51:31 GMTUS stocks closed slightly lower today, led by healthcare shares, but Cisco soared on an impending announcement on internet speeds.
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Gold eases as traders exit positionsMon, 08 Mar 2010 20:55:14 GMTGOLD closed lower today as traders sold positions and after the New York Federal Reserve’s announcement on repo counterparties.
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Oil climbs to an eight-week highMon, 08 Mar 2010 20:39:23 GMTOIL prices rose to an eight-week high today, lifted by a more upbeat outlook for the global economy.
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Portugal cuts deep but doubts lingerMon, 08 Mar 2010 19:39:50 GMTPORTUGAL has made new budget cuts but economists are worried about its growth forecasts and Moody's has warned about its bank ratings.
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Miners lead the bourse higherFri, 05 Mar 2010 13:00:00 GMTAUSTRALIAN shares closed higher, with the big diversified miners leading the way.
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HP sues Asian manufacturersTue, 09 Mar 2010 03:15:16 GMTHEWLETT-PACKARD sued several Taiwanese and Hong Kong manufacturers for allegedly infringing patents and selling stolen products.
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Essar seeks $US3bn via London listingMon, 08 Mar 2010 23:42:20 GMTINDIA'S Essar Group plans to raise up to $US3 billion through a London listing to fund expansion in its power and refining businesses.
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How to spot a workplace thiefMon, 08 Mar 2010 01:02:53 GMTIF your small business can't afford external resources for spotting employee fraud, consider doing some detective work of your own.
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Wall Street bounces on jobs newsFri, 05 Mar 2010 22:00:00 GMTSIGNS of slowing job losses in the US have sparked the best one-day gain in stocks in more than two weeks.
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No bank too big to failFri, 05 Mar 2010 00:39:16 GMTTHE official overseeing the US Treasury's $US700 billion financial-rescue plan has said that no US bank is considered too big to fail.
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Economic risks to top China's agendaThu, 04 Mar 2010 22:39:40 GMTCHINA faces the challenge of explaining the gradual withdrawal of an enormous stimulus program amid concerns about a property bubble.
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Lots of perks for 'underpaid' HSBC bossThu, 04 Mar 2010 22:18:50 GMTTHE bank says Michael Geoghegan's posting is a strategic move.
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Greek bond offer attracts $22bnThu, 04 Mar 2010 21:26:59 GMTTHE Greek government's offering for a 10-year bond attracted about $22bn in bids, the country's debt-management agency said.
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Chavez asks China for $US20bn loanThu, 04 Mar 2010 03:55:31 GMTCHINA has become a valued funding source for recession-racked Venezuela, and a welcome alternative to a long-shunned IMF.
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US probes hedge fund bets on euroWed, 03 Mar 2010 21:05:06 GMTTHE US has launched an investigation into whether hedge funds might have banded together to drive down the value of the euro.
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