BUSINESS

Domestic carrier Regional Express Holdings Ltd (Rex) has announced on Wednesday that company net profit for 2009/10 would only either match or might even fall a little below than the net profit of $23 million it reported on 2008/09.

Otix Global, Inc., announced that its Australian division, HearingLife, has begun offering franchising opportunities to audiologists and audiometrists throughout Australia. HearingLife made the announcement at the annual Audiological Society of Australia (ASA) conference in Darling Harbour, Sydney.

State Street Global Markets, the investment research and trading arm of State Street Corporation, said that global investor confidence fell 11.2 points in May to 88.2 from April's revised reading of 99.4.

Twenty economists were ridiculed by the Federal Opposition for expressing their support through an open letter on the federal government's proposed resource super profits tax.

Majority of cab drivers in Canberra Australian Capital Territory (CAT) expressed their disapproval over the suggestions made that an extra taxi license be issued across the region.

A four billion dollar development project of the Oakajee port in Western Australia is currently subjected for review by the state's Treasury.

The Australian Federal Police failed to act quickly on the alleged corruption inside the Reserve Bank's currency subsidiary.

Minerals tester Ammtec Ltd announced today its Board has decided to reject the proposed $123 million takeover offer by Campbell Brothers.

A recent study shows that small to mid-sized businesses do not favor banks that want to build their lending books when the mortgage market slows down.

A consortium of coal mining firms has offered to buy Queensland's coal track network for $4.85 billion.

Foster's Group Limited intends to pursue a demerger of its beer and wine divisions to create separately listed businesses.

The Queensland Government declared on Wednesday its plans to build three brand new cities in the state's southeast from the ground up to answer to the problems of population growth.

Communications Minister Stephen Conroy has accused internet leader Google for an alleged privacy breach in the Western World after it collected personal information from online users as its cars took snapshots of the Australian streets.

Paint manufacturer Wattyl Ltd announced today that it has received an indicative, nonbinding and confidential takeover proposal of $1.30 per share from an overseas company.

Passengers aboard an Australian airline's new super jumbo have received a royalty treatment in Los Angeles on Tuesday (LA time).

The proposed 40 per cent resources super profits tax (RSPT) gained the support of a group of prominent Australian economists in the midst of mining giants' campaign against it.

Travel agency specialist Flight Centre Ltd has announced Tuesday that it is upgrading its earnings guidance from a low of $180 million to a maximum of $200 million for fiscal 2010 as it cited that encouraging overseas trade conditions are poised to deliver record profit to the company by the end of the year.

The Australian Bureau of Statistics (ABS) said last Tuesday that the country’s overall sales of new motor vehicles jumped by 8.4 percent in April with four-wheel drive units posting a record 28.7 percent increase in sales in the year leading to April.

The Australian Bureau of Statistics (ABS) said today that the country’s overall sales of new motor vehicles jumped by 8.4 percent in April with four-wheel drive units posting a record 28.7 percent increase in sales in the year leading to April.

SunGard has integrated executed, market-driven trade data derived from Quadriserv's AQS securities lending market into SunGard's Astec Analytics platform, its solution for securities lending performance measurement and program management. The integration of data from the AQS market alongside Astec's existing rate data continues the trend toward a market-driven approach to true price discovery and transparency for the securities lending industry.

Risk-averse banks, institutions and corporations in emerging markets who have been contemplating an entry into the derivatives arena and setting up their in-house derivatives operation to harness hedging and trading business in derivatives can now outsource their derivatives business to New Zealand-based WSD Global Markets, following the launch of its new offering from its India offices WSD INDIA, headquartered in South Mumbai.

Oil and gas explorer and producer Carpathian Resources Ltd announced it is conducting investigation on alleged irregularities in some of its past financial transactions.

Oil and gas explorer and producer Carpathian Resources declared on Tuesday it is pursuing an investigation on some irregularities pertaining to its past financial transactions.

Thorn Group Ltd posted a net profit after tax of $19.5 million, up by 32.8 per cent from previous year's $12.3 million.

Gindalbie Metals announced on Tuesday it will pursue its Karara iron project despite the mining companies' concerns on the proposed super profits tax by the government. However, the tax will cut down its returns for the project.

New South Wales Premier Kristina Keneally revealed on Tuesday that several Sydney's road systems and transportation may not push through.

The Federal Opposition has accused Prime Minister Kevin Rudd for politicizing Treasurer Ken Henry to reinforce its campaign on the resource super profits tax for miners.

One of the world's iron ore miners have accused the Rudd Government's claims that miners were not paying its full and fair share of taxes.

The proposed resource super profit tax prepared by Wayne Swan has faced another disapproval, this time from former banker and mining leader John Ralph, stating the move as risky.