Result Page 451 for Latest Business News & Archive

World Market Overview

U.S. stocks ticked higher Monday, as energy stocks were boosted by cooler temperatures.

Daily forex forecast - 21/12/2010

Sovereign risk concerns in Europe continue to occupy the minds of traders and the associated risk aversion is likely to keep a lid on the Aussie around the US99 cent mark.

Australian Stock Market Report - Morning

The Chicago Fed National Activity Index fell from -0.25 to -0.46 in November.

Australian dollar drops after slumping bank stocks offset energy sector gains

The Australian share market finished the day weaker after sagging bank stocks outweighed gains to the energy sector.

More news

Leighton's John Holland to construct at Singleton base

Leighton Holdings (ASX: LEI) said today its subsidiary John Holland has won the contract to deliver the enhanced land force (ELF) stage 2 works at the Singleton Army Base in NSW by the Australian Department of Defence. The construct only contract is valued at approximately $110 million.

Australian bonds open firmer on strength of US Treasuries

Monday sees a stronger Australian bond market as it tracked Friday night’s rebound of the US Treasuries.

Bullock replaces Rankin as RBA assistant governor

The Reserve Bank of Australia (RBA) has appointed Michele Bullock as assistant governor (currency), one of six assistant governor positions in the central bank.

Paladin penetrates Canada via Aurora takeover

Uranium miner Paladin Energy Ltd (ASX:PDN) has initiated its uranium business in Canada and entered into a definitive agreement to purchase Aurora Energy Resources Inc., a wholly owned subsidiary of Fronteer Gold (TSX:FRG, AMEX:FRG).

Property auctions end the year in a low note

The last real estate auction for the year ended in a low note as clearance rates failed to grow and sellers pull out and opt to sell their properties next year.

ACCC urges caution on proliferation of holiday scams

Some quarters are out to make money by duping unsuspecting individuals and the competition watchdog is urging the Australian public to be on guard as holiday-induced scams proliferate at this time of the year.

Santos completes $500 million placement, shares soar after trading halt

Australian gas giant Santos (ASX: STO) has successfully completed its fully underwritten A$500 million institutional placement at A$12.55 per share.

Beach Energy lifts relevant interest in Impress to over 60pct

Oil and gas explorer Beach Energy Ltd (ASX: BPT) has increased its relevant interest in Impress Energy Ltd (ASX: ITC) to above 60 percent, as a result of continued strong on-market acceptances by Impress shareholders.

Median housing prices decline

Latest figures show that median prices for houses in the country decreased during the September quarter according to the Mortgage Choice Real Estate Market Facts report.

Coffey slashes jobs, downgrades earnings forecasts

Consultant engineer Coffey International Ltd (ASX:COF) today announced it is going to simplify its organisation structure and further reduce operating costs to bring the company into line with fee revenue. Approximately 100 positions will be made redundant.

Australian bonds close stronger

After trailing the US Treasury market on its overnight rebound, the Australian bond market ended stronger on Friday’s closing.

Australian Stock Market Report - Midday

Local stocks are trading moderately higher at lunchtime in the East, thanks to strong support from mining and energy stocks.

Business indicator paints brighter picture for Australian economy

Conditions are looking more positive for Australian businesses, despite stalling consumer spending, according to the latest Commonwealth Bank (ASX: CBA) Business Sales Indicator (BSI) released today.

Australian dollar outlook 20/12/2010

The Australian dollar has opened this morning firmly in the mid 0.9800’s after a pretty lacklustre evening of trading.

World Market Overview

U.S. blue chip stocks closed slightly lower Friday as regulatory worries weighed on drug makers, but the losses were muted in the face of positive profit reports from technology companies.

Daily forex forecast - 20/12/2010

The continued recent resurgence of the greenback is capping any gains on the Aussie around the US99 cent area and we open today at 0.9870.

Australian Stock Market Report - Morning

US Conference Board´s leading economic indicator rose 1.1pct in November - the biggest rise since March and the fifth straight monthly gain.

Santos sells stake in Gladstone JV, nearing GLNG decision

Australian energy firm Santos Ltd (ASX:STO) has flagged a $500 million to $1 billion equity raising to fund its Gladstone LNG project after signing a deal with state-run Korea Gas Corp (KOGAS).

Australian Stock Market Report - Closing

Local stocks were unable to sustain the recent rally during today’s session, and ended the final trading day of the week in the red.

Australian shares down after weak resources, banking markets

The Australian share market closed lower after big market contributors in the resources and banking sector ended weaker.

Rio Tinto's NZ smelter slashes output by 5%

Anglo-Australian Rio Tinto (ASX: RIO) said production at its New Zealand Aluminium Smelters Ltd subsidiary was being cut by about 5 percent due to high electricity prices.

ANZ: US, Europe debt issues will press down Australia economic recovery

During the ANZ annual general meeting, ANZ chairman John Morschel warned that in spite of its fast recovery, Australian economy will be highly sensitive to the debt struggles of Europe and US.

Eco-buildings eligible for tax breaks starting July 2011

Beginning July 1, 2011, buildings that make the necessary changes to cut down on energy consumption will be eligible for a one-off bonus tax deduction worth 50 percent of the cost of the eligible eco-assets or capital works.

ACCC approves Aspen bid for Sigma

The Australian competition watchdog has given the go-ahead to South African-based Aspen Pharmacare Holdings to buy Sigma Pharmaceuticals Ltd (ASX:SIP) pharmaceutical's division for $900 million.

Australian bonds stronger after US bonds recovery

The Australian bonds opened stronger after overnight rebound of the US Treasury market.

Stockland given first national award for eco-office efforts

One of the country’s most top property groups, Stockland, has been given the inaugural CitySwitch signatory of the year award for improving office energy efficiency and cutting down carbon emissions by 800 tons annually.

Barangaroo South plan design revisions approved

New South Wales authorities have approved design revisions to Lend Lease's concept plan for Barangaroo South that will allow it to offer improved spaces for retail clients.

Australian Stock Market Report - Midday

Local stocks are trading flat at lunchtime in the East, following six days of gains.

High housing prices to remain

As Australians become wealthier and the economy grows, high housing prices are expected to remain.

Construction industry struggling over debt, unfinished projects

Queensland construction industry is struggling as developers try to pay off interest charges on unfinished projects delayed due to the rainy season and upcoming holidays.

BUSINESS

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