The government of Australia may be willing to compromise and put up new concessions on its proposed minerals resource rent tax that will satisfy the country's mining industry.
US dollar selling is once again the name of the game following the overnight announcement from the US Federal Reserve of their intentions to pump more money into the US economy.
U.S. stocks bounced in and out of positive territory but are now rising, while the dollar and the 10 year Treasury plunged, after the Federal Reserve said it would buy $600 billion in longer-term securities by the middle of next year as part of its latest effort to prime the domestic economy.
Believing at the moment that ceding control of the world’s biggest fertiliser producer to a foreign entity amounts to insufficient net benefit for Canada, its federal government shut the door for now on BHP Billiton Ltd’s $US40 billion or $A40.13 billion takeover bid for Potash Corporation of Saskatchewan.
The long-awaited and much-discussed stimulus measures in the US have been announced which has sent the Australian Dollar soaring above par with the greenback to 1.0045 at time of writing.
The US Federal Reserve has unveiled greater purchases of securities in order to inject fresh stimulus into the economy: ´´The Committee will maintain its existing policy of reinvesting principal payments from its securities holdings.
The Australian dollar has hit again the high note against the US currency as a result of the U.S. Federal Reserve's decision to pour more money into the American economy in the coming months.
The Australian share market hit a six month high to close stronger on Wednesday as investors remained optimistic about economic data from offshore due overnight.
The local share market was well supported today, ahead of an expected injection of stimulus by the US Federal Reserve.
Telstra added a policy control capability to its Next G network.
In an effort to bolster the prospect of more profits for its shareholders, Westfield Group gave birth to Westfield Retail Trust on Wednesday, which it said would consolidate up to 50 percent of the property group’s Australian and New Zealand assets.
Strativity Group, a leading provider of customer experience services, today announced it has opened an office in Sydney to support growing interest from Australian and New Zealand organisations in adopting customer-centric approaches and proactively managing their customer experiences.
Homeowners hurting after the Commonwealth Bank of Australia's (ASX:CBA) shock 0.45 per cent rate rise should get a better deal instead of getting mad, according to an independent home loan information provider that connects home buyers with some of the cheapest bank loans in the country.
The Queensland government has recently granted the approval to Xstrata Zinc Australia's expansion project of the George Fisher Mine in Mount Isa.
Tiger Airways Holdings Ltd booked a three-month profit of $S14.1 million or $A11.0 million as of September 30, which the airline attributed to ballooning revenue that exceeded its also increasing passenger traffic.
Building approvals, which continued to slide in September, confirm the industry is weakening.
National carrier Qantas Airways Ltd lowered its latest capacity projection increases for the first half of 2010/11, downgrading its traffic forecast from the full-year numbers reported in August.
Mining firm Xstrata Plc has increased its offer price for iron ore developer Perth-based Sphere Minerals Ltd (SPH.AU) to $3 a share and declared the offer best and estimated at $514 million.
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.
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.
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.
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.
The Commonwealth Bank of Australia (ASX:CBA), the country's biggest lender, stands to make an astonishing $1 billion in extra annual interest revenue by lifting its home loan margins over the last two years, according to data crunched by banking comparison website Mozo.com.au.
The Westfield Group has announced that a retail trust would separately be created and listed to raise A$3.5 billion in capital.
Australia's services industry lifted in October for the first time in six months as measures of sales, new orders and wages advanced, a private survey revealed.
Westpac Banking Corp.'s second-half earnings hit a high of $3.47 billion ($3.47 billion) in the six months ending Sept. 30, as against the $1.27 billion a year earlier.
HP revealed its Instant-On Enterprise vision for Australian business and government through the provision of integrated solutions which help enterprise adapt new ways to best serve their customers and citizens.
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.
The Australian Dollar hit parity against the greenback overnight surging briefly to a high around the 1.0020 area.
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.
