BUSINESS

St.George Bank reports strong full-year result

St.George Bank, part of the Westpac Group (ASX:WBC) and one of Australia's leading retail and business banking brands, says it completed the 2010 financial year in a good position, with an increased lead over the major banks in customer advocacy and continued targeted investment in its front-line business.

Australian Stock Market Report - Midday

Local stocks are trading in positive territory at lunchtime, as investors digest an impressive cash profit from one of our big banks and await an expected cash stimulus from the US Federal Reserve.

PBL Media taps Gyngell as new boss, preps for expected market float

Media assets are attracting attention these days and the spotlight is trained at this time to David Gyngell, who was tasked to take the helm at PBL Media, once a territory of James Packer who now toys with the idea of heading Channel Ten, if analysts were to be believed.

CSR books earnings for first half of fiscal 2011

Diverse manufacturing firm CSR Ltd (ASX: CSR) came out of the red during the first six months of financial year 2010/11 and returned to profit status as of the end of September, with growth projections on its building products division for the rest of the current year.
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Australian Dollar Outlook 03/11/2010

The Australian Dollar reached a post float 28- year high overnight, pushing above parity with the US dollar for the second time in a month.

Daily forex forecast - 03/11/2010

The Australian Dollar hit parity against the greenback overnight surging briefly to a high around the 1.0020 area.

World Market Overview

U.S. stocks rose broadly Tuesday as investors awaited the results of U.S. midterm elections seen ushering in more Republicans and a two day Federal Reserve meeting expected to yield more economic stimulus.

RBA increases rates to 4.75%

The Reserve Bank has raised its key interest rates by 25 basis points to 4.75 percent from 4.5 percent to contain further economic expansion in the near term.

Australian Stock Market Report - Closing

The Australian share market ended flat today as investors digested a shock interest rate hike from the Reserve Bank and awaited key US elections and the start of the two day Federal Reserve meeting.

Queensland asserts traffic growth despite steady travel time figures

While fresh traffic data on southeast Queensland showed that travel time movement barely surged from the past three years, the state government is convinced that the latest figures represented growing demands from the area’s burgeoning population.

Network Ten restructures Board, Chairman roles

Network Ten (TEN.AU), has announced that it would restructure the composition of its Board of Directors as concerns of competitive disruptions arose recently with the entrance of James Packer and possible co-investor Mr. Lachlan Murdoch into the company.

All-electric Nissan Leaf sells out prior to its US launch

Global consumers, mainly car aficionados in the United States, will have to bear a year of waiting before they could get their hands on the electrically-powered Nissan Leaf as all units so far shipped out were sold out as of this week.

Sydney Airport operator MAp Group's earnings up

Sydney Airport operator MAp Group has reported a 7 percent increase in earnings for the year attributing to passenger traffic, which also rose 19.5 percent.

World Market Overview

U.S. stocks slipped in late trading Monday as jitters ahead of U.S. midterm elections and expected moves from the Federal Reserve prompted traders to duck out of a market whose long climb is now raising some eyebrows.

Daily forex forecast - 02/11/2010

Speculation on Monday the Bank of Japan intervened in currency markets sent the Aussie down to an intraday low of 0.9810 as the greenback strengthened against the Yen.

Google Australia executives to leave posts

Kate Vale, Google Australia's Youtube chief and Lars Rasmussen, Google Wave's co-founder, will both be leaving their posts within the Internet company.

Banks, miners propel Australian bourse

Stronger bank and mining stocks saw Australian shares post surprising gains on Monday ahead of Tuesday's interest rate decision and a crucial mid-week meeting of the US Federal Reserve.

Ten offers Packer, Murdoch directorships

Ten Network Holdings Limited (ASX: TEN) says it notes recent media speculation about discussions between it and Mr James Packer and Mr Lachlan Murdoch following the announcement of CPH's acquisition of approximately 18 per cent of the issued capital of Ten Holdings.

Australian Dollar Outlook 01/11/2010

The AUD has started the week in the mid 0.9800's as the USD weakened on Friday night after the release of the Q3 GDP figure of 2%, which was in line with expectations.

World Market Overview

U.S. blue chip stocks edged higher Friday while the Standard & Poor's 500 index fell slightly in a quiet end to a strong October as investors bided their time before the coming week's Federal Reserve meeting and midterm elections.

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