BUSINESS

NAB rules out loan rate increases

National Australia Bank (ASX: NAB) yesterday announced to continue to price home loans at a discount to the other major lenders, as part of its strategy to expand its share of the mortgage market.

Aust stocks to open flat on negative leads

The Australian share market is set to open flat after receiving negative leads from offshore markets. Wall Street finished weaker and oil prices slumped back below $US81 a barrel. Metals likewise backpedalled.

Cold Rock warms up with winter desserts

Cold Rock Ice Creamery is introducing new hot desserts to its menu across stores in Victoria and South Australia to beat the winter chill.The ice cream franchise will trial three new products - Nana's Rocking Apple Pie, Chocolate Rocker cake drizzled with hot chocolate fudge and Sticky Date Pudding ...
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Cyber Criminals Target Online Banking Customers With New Trojan Virus

The newest version of the virus has so far managed to steal $1.2 million from approximately 3000 online customers from an unnamed British bank , according to an internet security company.M86 Security which has offices in Britain and California says the money was remotely transferred from the account...

Ivanhoe Australia to raise up to $269m

Ivanhoe Australia (ASX:IVA), which is 80 per cent owned by the Robert Friedland-chaired Ivanhoe Mines, plans to raise up to $269 million for a takeover and project development in Queensland as well as to settle debt.

Australian Stock Market Report - Closing

Thin trading volumes and weak economic data saw the Australian share market ease today, with both major indices shedding 1.2pct. The All Ordinaries Index (XAO) fell 52.6pts to 4563 while the S&P/ASX 200 Index (XJO) was off 54.2pts to 4540.7.

Two adult entertainment firms set to merge operations

Call them strange bedfellows but Blackfeather Ltd and AdultShop.com (ASC), both firms catering to adult entertainment needs, are set to collaborate on a steamy deal as ASC announced on Tuesday that it is taking over Blackfeather’s Stiletto brothel operation.

Business confidence slides to 14mth low

Business confidence has continued weakening, while trading conditions also deteriorated in July, according to National Australia Bank's (ASX: NAB) monthly business survey.

WTO says Kiwi apples could enter Aussie markets

The World Trade Organization (WTO) ordered the Australian government to revise its stringent restrictions on imported New Zealand apples, arguing that the measures were inconsistent with scientific evidence.

Oz Business Confidence Slumps

NAB economists were surprised to see business confidence fall in July given the MRRT resolution and are concerned by a fall in new orders.

Bosses expect better sales and profits

Business executives foresee sales and profits improvement in the three months to December, according to the Dun & Bradstreet final business survey released on Tuesday.

Cochlear's annual profit up 19%

Cochlear (ASX:COH), maker of the world's best-selling hearing implant, has recorded a 19 per cent increase in annual net profit.

Reckon reveals soaring profit in first half of 2010

Software management specialist Reckon Ltd (ASX: RKN) announced on Tuesday that the company’s first half net profit for the current year soared by 44 percent to $8.85 million, coming from the $6.15 million it netted on the previous corresponding year.

NAB reports $1.1b earnings for June quarter

Melbourne-based National Australia Bank (ASX:NAB) today announced it had posted $1.1 billion cash earnings in the three months to June, a 22 per cent increase on its profit from the same period last year.

World Market Overview

U.S. stocks rose Monday following encouraging sales results from McDonald's and as technology companies Cisco Systems and International Business Machines benefited from rival Hewlett-Packard's moment of weakness.

Australian Dollar Outlook 10/8/2010

The AUD has opened slightly weaker this morning currently trading at USD 0.9160 as many investors square up some positions before the Federal Reserve's meeting tonight.

Daily Forex Commentary 10/8/2010

A larger than forecast 3.9% decline in Australian home loans during June and disappointing ANZ job advertisements data halted the progress of the Aussie dollar in Asia yesterday as it entered offshore exchange relatively unchanged from the weeks open at 0.9185.

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