Daily Telegraph Business
- + Rio, Kobe reach iron ore deal—JAPAN'S Kobe Steel confirms a deal with Rio Tinto for a 13 per cent cut in the price of iron ore.
- + Sundance shares up on Chinese rail deal—SHARES in Sundance rose after a deal with Chinese firm on rail facilities for its flagship project in West Africa.
- + Market for make-believe merchandise on rise—SOCIAL networkers and gamers are spending more cash than ever on virtual goods that are only used online.
- + Home loan weakness continues—SUSTAINED weakness remains in the home lending sector, giving the central bank room to keep interest rates on hold, economists say.
- + Shares down thanks to banks, miners—SHARES were lower at noon, with financials and miners dragging down the market.
- + Dollar subdued after US shares dip—THE dollar was weaker at noon after a poor night on US shares carried over into the domestic session.
- + Housing finance up 1.7pc in July—Housing finance commitments for owner-occupied housing rose 1.7 per cent in July, seasonally adjusted, to 47,511, the Australian Bureau of Statistics ...
- + Toyota recalls 116,507 vehicles—TOYOTA issues safety recall of more than 116,000 four-wheel-drive HiLux vehicles across Australia.
- + Shares open lower on US jitters—THE share market followed Wall Street lower in opening trade, as the nation's minority government prepares to begin operations.
- + Swan says Labor committed to mining tax—WAYNE Swan says the mining tax would not be on the tax summit's agenda next year.
- + Fosters rejects up to $2.7bn wine offer—GLOBAL beverages firm Fosters Group says it has rejected a proposal to buy its Treasury Wine Estates wine assets. [Link to media]
- + Miners refuse to come above ground—FIFTY Spanish coal miners say they will not budge until they are paid, despite living 0.5km underground in 80 per cent humidity.
- + BP to publish oil spill report—BP has announced it will publish an eagerly awaited report on the causes of the Gulf of Mexico oil spill today.
- + US stocks fall on debt worries—US stocks have closed lower following new worries about Europe's debt problems.
- + US stocks slip—US stocks slipped overnight on the back of fresh concerns over the health of the European economy which weighed on last week's optimism as traders ret...
- + Population a challenge for retailers—RETAILERS have reason to be optimistic, but slower population growth will pose a more challenging time than in the past decade, an independent forecas...
- + Pepsi dumps 'healthy' version of drink—COLA giant PepsiCo has axed its "healthy" cola Pepsi Raw from its product range in Britain amid dwindling sales.
- + Storm settlements being finalised—MORE than 900 of the 1120 claims lodged with a legal firm by victims of the 2008 Storm Financial collapse have been finalised.
- + RBA keeps interest rates on hold—THE Reserve Bank board has kept the official cash rate unchanged for a fourth straight month at 4.5 per cent.
- + Brokers cut price targets on Macquarie—SHARES in Macquarie Group lose another 2 per cent after four brokers cut price targets on the stock. [Link to media]
- + Shares flat, investors cautious—THE share market was flat at noon, with investors cautious ahead of interest rates and an indication on which political party will rule.
- + Interest rates 'set to rise'—INTEREST rates are set to rise and commercial property values will skyrocket, a leading economist says.
- + Rates, politics, overseas doubts irk shares—THE share market has opened flat as investors await clarity on the political situation and an interest rate decision.
- + Domino's says it has no taste for Crust—PIZZA franchise Domino's says speculation that Crust Pizza is on the menu is crumby.
- + Economy 'strong in five years'—AUSTRALIA'S economy will be strong and is on the upswing for a boom within the next decade, a leading economist says.
- + Heiress accuses Citibank for $87m loss—LAWSUIT accuses Citibank of failing to invest 104-year-old heiress' money properly, which costed her trust fund up to $87 million.
- + Construction activity remains weak—ACTIVITY in the construction industry was low in August, as a survey showed house building dived to its lowest level in 16 months.
- + Dollar opens higher on global risk mood—THE dollar has opened firmer after moving steadily higher on positive global risk sentiment.
- + Paul Hogan continues tax battle in US—AS Paul Hogan enjoyed his first day back in the US today, he renewed his attack on the Australian Tax Office.
- + Dollar closes higher as shares climb—THE dollar closed higher after a rally on the local sharemarket augmented gains made late last week.
- + Police warn of bogus investment deals—DOZENS of investors duped by promoters of get-rich-quick 'Ponzi' schemes have pulled in more than $100 million in Western Australia ove...
- + Term deposits making a comeback—A WELL-established investment vehicle is making a comeback in an uncertain post-global financial crisis stock market.
- + Financials, miners boost noon shares—BROAD-based gains have pushed the share market higher to noon, with solid gains for most financial and mining shares.
- + Dollar higher after offshore rally—THE dollar was higher at noon today, trading in an extremely tight range after a rally on US jobs data during the offshore session.
- + Woolies to sell $900m of property—WOOLWORTHS Ltd plans to offload $900 million of its retail sites from the company's property portfolio.
- + Job ads rise for fourth straight month—AUSTRALIAN businesses are confident about the economic outlook, with job advertisements rising 2.6 per cent in August. [Link to media]
- + Macquarie expects first half profit drop—INVESTMENT bank Macquarie Group has forecast that first half profit will fall 25 per cent because conditions in most markets have been weak.
- + Dollar shoots up on US jobs numbers—THE dollar opened at fresh monthly highs, up more than US0.5c after the release on Friday of better-than-expected key US jobs figures.
- + Google to settle privacy case for $9m—GOOGLE has agreed to pay $US8.5 million dollars ($9.2 million) to settle a privacy lawsuit over its Buzz social networking feature, according to court...
- + US stocks soar after employment data—US stocks closed higher on Friday after a much anticipated jobs report lifted hopes that the US economic recovery is on the right track.
- + Dollar flat ahead of US data—THE dollar closed little changed in contrast to volatile trading earlier this week, with traders on the sidelines ahead of key US employment data.
- + NSW Maritime sorry for software strike—NSW Maritime has apologised to boat owners after striking workers shut down its workplaces over flawed licensing software.
- + BP says oil spill cost $11.2 billion—OIL giant BP said today the Gulf oil spill had cost the British company eight billion euros ($11.25 billion) so far.
- + Nufarm likely to face class action—AGRICULTURAL chemicals supplier Nufarm is likely to face a class action from shareholders alleging it engaged in misleading conduct relating to profit...
- + Strong week for share market—THE Australian share market on Friday ended the week with a third successive gain.
- + Qantas facing payback of commissions—QANTS Airways Ltd may be forced to pay back millions of dollars in commissions to travel agents after it failed in a bid to overturn a Federal Court r...
- + Share market higher at noon—THE stock market was higher at noon, after losing some ground with all four major banks falling into negative territory.
- + Video lambasts Google on privacy—A VIDEO cartoon featuring Google's chief giving away ice cream to snoop on children aired on a giant screen in Times Square today as a privacy group c...
- + Telstra to sell SouFun stake in IPO—Telstra Corporation will sell its 50.5 per cent share in SouFun Holdings when it has an initial public offering later this year. [Link to media]
- + IMF, World Bank step up aid to Pakistan—IMF and World Bank step up aid to flood-hit Pakistan to help it cope with its worst-ever humanitarian disaster.
- + Dollar up on firm US data—THE dollar opened higher today on positive pieces of US economic data and a move back towards riskier assets.
- + Wall St jumps on positive data—WALL Street stocks advanced today as better-than-expected jobs and housing data helped sustain the previous day's boom ahead of a key monthly employme...
- + US stocks fluctuate—US stocks are fluctuating in a narrow range after traders received one mixed report on the jobs market and await a second later this week.
- + Burger King sale a $4.3b takeaway—FAST-food restaurant Burger King is to be sold to private equity firm 3G Capital for about $US4 billion ($4.3 billion).
- + Walkman outsells iPod in Japan—IN a rare victory for Sony over arch-rival Apple, the Walkman portable music player outsold the iPod in Japan in monthly sales for the first time in A...
- + Jimmy Choo's to ask banks for next step—THE owner of fashion label Jimmy Choo plans to appoint investment banks to advise it on strategic options, which include a possible initial public off...
- + WA's land grab could kill gas project—THE WA government's decision to compulsorily acquire land near Broome for a gas precinct could lead the project to collapse, the Kimberley Land Counci...
- + Daihatsu to recall over 600,000 cars—DAIHATSU will recall more than 600,000 cars in Japan and Europe due to indicator light covers that fade over time.
- + Aussie companies named in Forbes list—THIRTEEN Australian companies have been named in Forbes Magazine's "best under a billion" list of top-performing companies.
- + Dollar higher despite weak trade—THE dollar closed higher after it held on to most of its overnight gains, despite a lower than expected trade surplus.
- + Shares continue strong gains—THE Australian share market has posted a second successive day of good gains with all sectors showing strength.
- + Jobs growth flat in August—NUMBER of jobs on offer remain unchanged in August after retail hiring stalled to offset hefty recruitment in mining sector. [Link to media]
- + Coal, iron ore fall narrows trade surplus—FALL in coal and iron ore exports and military aircraft purchases are behind lower trade surplus, economists say. [Link to media]
- + Ponzi scheme shakes tiny Benin—MORE than 100,000 people in the tiny West African nation of Benin have lost their savings in a Ponzi scheme run by a now-defunct company that appeared...
- + Dollar holds most of its overnight gains—THE dollar was stronger at noon holding on to most of its overnight gains after manufacturing data led to a more positive outlook on the US economy.
- + Shares up at noon thanks to banks, miners—THE share market was higher at noon, lifted by strong gains among minerals and financial companies.
- + Company fined over worker's death—A MAJOR drilling company has been fined almost $150,000 over the death of a worker in the outback.
- + US stocks rise on China data—US stocks opened with gains overnight as strong Chinese manufacturing data offered hopes of a strengthening global economy, overshadowing a disappoint...
- + Bikini Girls Massage operator fined—AN operator of the former Bikini Girls Massage parlour in Perth has been fined more that $12,000 after admitting 43 breaches of fair trading and busin...
- + James Hardie asbestos fund 'at risk'—LAWYERS representing asbestos disease victims say a Federal Court ruling against James Hardie could put victim compensation payments at risk.
- + Swan takes credit for speedy economy—ECONOMISTS are confident that Australia's rapid economic growth performance won't result in an imminent rise in interest rates.
- + Dollar higher on GDP, China—THE dollar closed over on US cent higher after figures showed Australia's economy has grown at its fastest quarterly pace in three years.
- + Highest share market close in three weeks—THE share market closed at its highest finish in three weeks after gaining two per cent on stronger than expected economic growth.
- + Australian miners flock to Africa—INVESTMENT by Australian companies in Africa's resources sector has grown to an estimated $20 billion.
- + Gamer loses Playstation upgrade fight—AN Aussie gamer who sued Sony over an upgrade to his Playstation - similar to a US class action lawsuit - has lost his court claim.
- + James Hardie tax appeal dismissed—JAMES Hardie loses its appeal against an amended tax office assessment that could cost it more than $370 million. [Link to media]
- + Economic growth 'outstanding' - Labor—LABOR says today's national accounts for the June quarter are "outstanding" with the economy growing at its fastest pace in three years.
- + Stella Travel and Jetset allowed to merge—SHARES in Jetset Travelworld take off after the competition watchdog said the tour operator could buy Stella Travel Services. [Link to media]
- + Top NSW Maritime lawyer corrupt - ICAC—A TOP lawyer for New South Wales Maritime has been found to have engaged in corrupt conduct by running a private business from her office.
- + Dollar jumps after better than expected GDP—THE dollar was about US0.75c higher after Australia posted stronger than expected gross domestic product data.
- + Stocks higher on GDP boost—THE stock market was more than 1.5 per cent higher at noon as stronger than expected economic growth in Australia boosted local shares.
- + Wall St lower amid volatile trade—WALL Street opened lower overnight as traders awaited a string of data that will provide an indication of the pace of the US economic recovery.
- + Dollar lower despite strong data—THE Australian dollar closed weaker after a risk averse mood gripped world markets and dampened the effects of largely positive local data.
- + Dollar fails to rally on data—THE dollar was lower at noon, failing to rally after a promising set of Australian economic data.
- + Stocks lower on uncertainty—THE stock market was lower at noon as uncertainty about the recovery in the global economy weighed on miners and banks.
- + Strong data increases rate hike chance—STRONGER than expected retail trade and building approvals figures have "blitzed expectations" and make a rate hike by the end of the year a...
- + Building approvals rise 2.3 pc in July—AUSTRALIAN building approvals rose 2.3 per cent to 13,732 units in July, seasonally adjusted, from an upwardly revised 13,425 units in June, the Austr...
- + Retail trade up 0.7pc in July—RETAIL trade at current prices rose 0.7 per cent in July to a seasonally adjusted $20.4 billion, from an upwardly revised $20.250 billion in June, the...
- + Shares open lower, led by miners—THE Australian share market opened lower, as major miners led the local market down and investors followed weak Wall Street lead.
- + Holden to export Commodore to Brazil—HOLDEN exports its latest model Commodore to Brazil in a deal forged as the Australian car industry emerges from turbulent times.
- + Poor risk assessment led to crisis - RBA—POOR risk assessment was a key element of the financial crisis, a senior Reserve Bank of Australia (RBA) official says. [Link to media]
- + Mistakes before BP oil spill revealed—BP accepts some blame for mistakes made in a crucial well pressure test before the explosion that led to the Gulf oil spill.
- + Americans spend more in 'slow growth rut'—AMERICANS are spending a little more this northern summer, but hardly enough to rejuvenate the weakening economy.
- + India forecast to post nearly 9pc growth—INDIA'S economy believed to have grown by nearly 9 per cent in the fiscal first quarter, the fastest pace in more than two years.
- + Dollar opens lower on US spending data—THE dollar opened lower today after a US consumer spending report failed to allay fears about the American economy.
- + Stocks drop on investor caution—US STOCKS fell overnight after more signs of slowing economic growth got investors worried ahead of a key US report on jobs later this week.
- + New Holden runs on bio-ethanol—HOLDEN has unveiled its latest Commodore range, which could eventually be powered by household waste.
- + Dollar lower on Bank of Japan meeting—THE dollar closed almost one US cent higher, despite suffering a steady slide downward throughout the trading day.
- + Shares close higher on banks, miners—THE share market closed former as local banks and resource stocks followed a firm lead from Wall Street.
- + Dollar higher at noon, more than $US0.90—THE dollar was higher at noon after jumping one and a half US cents following Federal Reserve's comments about the US economy.
- + Shares higher at noon, led by banks—THE Australian share market was higher at noon, with banks and mining stocks following a firm lead from Wall Street.
Last new 8/9/10 3:52pm.
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