BUSINESS

Sundance Board Gives Go-Ahead for Chinese Firm’s $1.65-B Bid

More than a year after the plane crash that killed majority owner Ken Talbot, Sundance Resources is set to be taken over by Hanlong Mining Investment Ltd, a subsidiary of giant Chinese resource firm Sichuan Hanlong Group, with the suitor aiming to raise its present 18 percent stakes on the iron ore miner.

DIARY: Rate Decision Here, Europe, US Jobs Report

Another tough week is ahead of us. Central bank meetings here, in Japan, Europe and the UK, jobs data in the US, manufacturing surveys here and around the globe (except China) and of course the continuing fears about the stability of the eurozone and the markets.
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Australian Stock Market- MIDDAY- 10/04/2011

MIDDAY REPORT (12.30pm AEDT)The Australian sharemarket is continuing to fall after a tough start to the new trading week yesterday. The ASX 200 index (XJO) is down 0.4 pct or 17.1 pts to 3879.9 while the broader All Ordinaries index (XAO) is 0.5 pct or 18.9 pts lower to 3941.8.

Tech Gadgets Top List of Bribes Given NSW Officials Under Probe

High-tech devices such as iPhones, iPads and camcorders topped the list of gifts that were given to New South Wales public officials. Next to the gadgets, also high on the list of bribe items masked as gifts were beach holidays, football tickets and gift vouchers.

No Apple-Samsung Deal in Australia Tablet Battle

It appears Apple is convinced that Samsung Electronics will not be able to market its Galaxy 10.1 tablet in Australia as the U.S. tech firm rejected Tuesday overtures by its South Korean rival for a settlement of their legal dispute.

NAB Sees Slow US Growth But Not Recession

- NAB expects slow US growth rather than recession- More significant QE measures unlikely in such an outcome- Australian growth should be solid in 2H11- This suggests no near-term rate cuts by RBABy Chris ShawNational Australia Bank head of research Peter Jolly has just returned from a two week trip...

RBA Expected to Hold Cash Rate Despite Strong Data

Economists said Tuesday that despite the stronger-than-expected international trade and building approvals figures for August, the Reserve Bank of Australia is unlikely to change the current cash rate.

NAB Cuts Fixed Rate to 6.34 Percent

National Australia Bank now offers the best one-year fixed rate among Australia’s largest banks, after it slashed its fixed interest rates by as much as 0.15% on Tuesday.

Emaar’s Dubai Bank Write-Off Sends Profits Tumbling

Some mixed news for Emaar properties, one of Dubai's - state owned - master developers. That is, mixed news, not in a share of good and bad news, but rather in the fact that the bad news was tinged with goodness.

Sony PlayStation Network Offers Exclusive Games

Sony Computer Entertainment America (SCEA) is offering exclusive games on PlayStation Network (PSN) every Tuesday starting this month. Gamers in North America who download games or make purchases worth up to $60 using their PlayStation Network/SEN Wallet can earn $10 store credits in November.

Australian Dollar Outlook - 10/04/2011

Bell FX Currency Outlook The AUD is looking vulnerable, currently holding just above USD0.9500, after reports that Greece will miss its budget deficit targets in 2011 and 2012.

Uranium Contract Prices Slip

By Greg PeelUnlike the uranium spot market, which in recent weeks has been dominated by traders and hedge funds on both sides of the price, the uranium term market more represents legitimate supply deals between producers and utilities and is thus more representative of ongoing longer term uranium d...

iPhone 5 Event: Five Things We'd Love to See But Won't

Apple Inc. unveils the highly hyped fifth generation iPhone at its Cupertino, California headquarters. The event marks the first time Tim Cook will take center stage after succeeding the ailing Steve Jobs. While hoping to stride out from Jobs' shadow, he hopes to retain the Apple founder's magic in pitching new Apple devices. More than whether Cook will give the first impression that he is a showman and a visionary like Jobs, here are five things we'd love to see at the Oct. 4 but pr...

Woolworths Recalls Tainted Milk

Woolworths has recalled some of its home-brand milk and has reassured its customers that the recall is just a precautionary measure.

Amazon Selling the Kindle Fire at a Loss

Amazon.com new Kindle Fire tablet costs $209.63, IHS iSuppli estimated on Friday but since Amazon is selling the tablet for only $199 every tablet is costing the company $10 to produce.

ANZ Bank Fees Class Action Returns to Fed Court

Australia’s largest consumer class action returned to the Federal Court today with Maurice Blackburn representing around 34,000 ANZ customers who have filed against the bank in protest against the bank’s exception fees.

Rising Consumer Prices Spur Inflation Jump in September

Seasonal spikes on three major consumer goods led to more than two percent surge in inflation over the past three quarters, according to the latest inflation measures released on Monday by the TD Securities-Melbourne Institute.

Rush is Wrong (about General Motors)

Limbaugh blasts GM for trying to sell the Chevrolet Volt in China, but his central premise (based on a New York Times story, no less) may be wrong.

AFG Warns Against 'Laughable' One Big Switch

Mortgage industry aggregator Australian Finance Group (AFG) has come out in support of the broker proposition, by issuing a warning to consumers over the loan offer being provided by One Big Switch.

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