BUSINESS

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.
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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.

Australian bourse to open flat amid positive lead

The Australian share market is set to open flat on Tuesday despite a positive lead from offshore markets during the overnight session. Wall Street finished stronger and the benchmark crude oil contract settled above $US81 a barrel.

Santos expects $200m profit

Adelaide-based Santos (ASX: STO), Australia's third-largest oil and gas producer, announced yesterday it expects its net profit after tax to range from $180 million to $200m, far beyond analysts' general forecast of $152m.

Brisbane opens Health and Food Sciences Precinct

A new $100 million dollar Health and Food Sciences Precinct in Brisbane, a joint project between the Queensland State Government and the CSIRO, will cover human and animal health and food sciences in a 'centre of excellence'.The new centre was officially opened by Premier Anna Bligh, Federal Cabinet...

Kraft looks to advertising to revive North America sales

Kraft Foods has said it will increase advertising in the second half of the year in a bid to restore sales growth in North America.Speaking on the firm's earnings call last week, chairman and CEO Irene Rosenfeld said Kraft has continued to invest in brand-building in North America and expects "solid...

Campari's 150th anniversary art label limited editions

Campari's 150th anniversary campaign introduces three new limited editions labels by three different contemporary artists: Tobias Rehberger, Vanessa Beecroft and art collective avaf.The three labels, chosen by curator Caroline Corbetta, are part of the Campari Art Label Project, designed to confirm ...

Queensland awards its favourite sausages

Queensland awards its favourite sausagesThe 2010 Queensland Sausage King has awarded the year's best Queensland sausages, from a field of over 800 top sausages, already awarded in regional competitions around Queensland.Among the 46 awards, six overall winners were chosen, each top of their class: T...

NAB Kicks Of Bank Earnings Season

Australian banking major, National Australia Bank has posted a 22 per cent rise in its third quarter cash profits, which rose to $1.1 billion, as bad debt charges fell."In the June quarter NAB delivered solid, sustainable business results, improved customer satisfaction and remained financially stro...

Analysts focus on next year’s outlook

Analysts believe blue chips such as Commonwealth Bank (ASX:CBA), Qantas (ASX:QAN) and Telstra (ASX:TLS) will meet market expectations when they announce annual earnings this week, says a newspaper.

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