$20m insurance claims flood council
The Insurance Council of Australia estimates the total amount of the claims from flood-affected residents in north-east Victoria at $20 million.
Rio Tinto upgrades holdings in Ivanhoe Mines through a credit facility
Giant mining firm Rio Tinto Ltd (ASX: RIO) took advantage of a credit facility extended to Ivanhoe Mines Ltd that matured on Tuesday and sued for its conversion into common shares that effectively upped the company’s stake in the Canadian firm by almost 35 percent.
FIRB gives the go-ahead to Healthscope takeover
The Foreign Investment Review Board (FIRB) has given private equity firms The Carlyle Group and TPG Capital the green light to takeover health provider Healthscope Ltd (ASX:HSP).
Expanding China fuels oil prices to near $80, analysts predict oil to hit $95 by year-end
China’s upbeat economic news perked up investors demand for oil futures, nudging higher oil prices in Asia and North America as the world’s fast emerging giant economy gave hints of further growths and more fuel consumption that effectively dampened the supply jitters brought by the closure of a key Canadian pipeline that supplies crude to US refineries.
More news
Daily Forex Commentary 14/9/2010
The Australian Dollar has more momentum than the Canberra Raiders holding onto its recent gains above US93 cents during local trade on Monday. It opens at 0.9350 today.
Qantas wants Virgin to stand alone
International and domestic airline company Qantas Airways Limited (ASX: QAN) strikes again at competitor Virgin Blue Holdings Limited (ASX: VBA).
APRA could be tighter than Basel III
The capital rules set by the Basel Committee on Banking Supervision in Switzerland is not much of a worry for the Australian banking industry. The fear, however, lies with domestic regulations.
Higher open for Australian market
Optimism rules on Tuesday at the stock exchange mainly due to new capital rules set by the Basel Committee on Banking Supervision in Switzerland.
Lady Gaga wins at MTV VMA Awards 2010
While Lady Gaga's meat-bikini cover on Vogue Homme Japan has been the subject of public outrage especially from animal rights advocate, fans and detractors of the pop star should quell their objection over Lady Gaga's meat dress in MTV Video Music Awards. The meat covering Lady Gaga from head-to-toe (plus a "meat purse") is apparently made of fabric.
Aussie finishes at five-month high
The Australian currency finished at a five-month high on Monday following reassuring Chinese economic data and a strong performance in the local share market.
ASIC punishes Sydney stockbroker with a 3-year ban for deception
The Australian Securities and Investment Commission (ASIC) meted out a three-year financial services ban on a Sydney-based stockbroker following investigations that showed he secretly obtained profits for relatives during Regional Express Holdings Ltd on-market share buyback.
Shares close with strong gains
The Australian bourse finished strongly in the black, past the 4600-point mark on the back of positive offshore leads.
Suncorp, Bendigo ATM deal receives approval
Second-tier lenders Suncorp-Metway Ltd (ASX:SUN) and Bendigo and Adelaide Bank Ltd (ASX:BEN) have received regulatory approval to not charge each other's cardholders a fee for transactions at ATMs they own.
Range River upgrades gold deposit outlook, sees rising shares in the process
Gold explorer Range River Gold Ltd (ASX: RNG) saw its stocks soaring on Monday following its announcement that it has upgraded the open-pit resource potential of the company’s two reservoir sites of its Mt Morgans project in Western Australia.
Woolworths hardware to slice rivals' revenue
A study commissioned by Woolworths (ASX:WOW) has found that hardware stores established by the Woolworths-Lowe's joint venture could generate $30 million a year in sales from a standard hardware outlet and slice the revenue of rivals Bunnings and Mitre 10 by up to 16 per cent.
Disgruntled WA hospital workers opts for work-to-rule following pay denial
Services on Western Australia’s public hospitals were poised to be disrupted on Monday as thousands of workers opted for industrial action following the state government’s decision to deny their $50 per week pay raise demand.
Lending finance close to flat in July
The Australian Bureau of Statistics (ABS) reports a very slight increase in the financing activities for the month of July.
Long time Leighton chief Wal King sets retirement next year
Construction and contract mining giant Leighton Holdings Ltd (ASX: LEI) will soon miss its chief executive for 23 years as Wal King announced on Monday that he would be retiring from the company effective January 1 of next year.
After ACCC ruling, Branson says New Zealand exit for Virgin is now an option
Virgin Airlines founder Sir Richard Branson hinted in an ABC interview on Monday that his airline could eventually abandon its New Zealand service routes following the Australian Competition and Consumer Commission’s (ACCC) disapproval last week of the planned Virgin Blue-Air New Zealand Alliance.
Aussie hits four-month high on reassuring China data
The Australian currency was higher at Monday noon, hitting a four-month high as traders took heart in strong Chinese economic data released over the weekend.
Market up as Chinese data boost noon resources stocks
The Australian stockmarket was up more than 1 per cent by Monday noon, after strong economic data from China buoyed resources stocks.
Flu drug approval sends Biota shares up 20%
Melbourne drug developer Biota Holdings (ASX:BTA) has soared more than 20 per cent on reports its Japanese partner has been given the go-ahead to sell an influenza drug.
Aussie firm Arafura reveals rare earths breakthrough to rival China in the future
Junior mining firm Arafura Resources Ltd (ASX: ARU) revealed on Monday a scientific breakthrough that could easily position the company as the world’s major source of rare earths, which are being utilised for industrial purposes such as the manufacture of some batteries, lasers and x-ray machines.
EPA assesses environmental impact of proposed windfarm in Tasmania
The Environment Protection Authority (EPA) of Tasmania said on Monday that the initial evaluation phase of a proposed windfarm in Robbins Island has already begun as the agency added that it is currently studying the project’s environmental and cultural impact in the area.
MetroCoal JV partner receives approval
Authorities in the Asian nation has given the green light to the $30 million joint venture between Australian coal-based energy company MetroCoal Ltd (ASX: MTE) and a Chinese state-owned company.
Election delayed legal grounds for Telstra, NBN deal
The Federal government admits the August 21 elections delayed the legal work between telecommunications' giant Telstra Corporation Limited (ASX: TLS) and the National Broadband Network (NBN) Company.
Leighton’s John Holland tapped by Rio Tinto to build new port in Cape Lambert
Leighton Holdings Ltd-owned (ASX: LEI) John Holland Group said on Monday that it has secured a $276 million contract that would see the construction of a new port set to serve Rio Tinto Ltd’s Cape Lambert Port B project in Western Australia.
Alleged land grab for Woodside LNG project
A family who has been building a second home near the Woodside Petroleum Limited (ASX: WPL) liquefied natural gas project site are being evicted.
Soaring demand and pipeline shut down send oil prices breaching the $75 mark
Oil prices climbed up as the week closed on Friday, picking up from the upgraded North American demand forecast of 50,000 barrels per day released by the International Energy Agency (IEA) on the same day that a major pipeline pumping crude into the United States was shut down.
NAB revaluation on revamped bid
The National Australia Bank (ASX: NAB) will spent “the next few days” deciding on how to continue competition after its failed bid for financial management rival Axa Asia Pacific Holdings Limited (ASX: AXA).
Australian Dollar Outlook 13/9/2010
The AUD continues to move higher on the back of better than expected data out of China on Friday and broke 0.9300 early this morning.
Virgin shareholder warns of higher air fares
The Virgin brand remains in the sky but airplane fares could increase.
Gold prices dip on week’s closing as investors embrace more risk market trading
Gold further retreated below the $US1250 per ounce level on Friday as the US dollar continued its ascent against major currencies and traders eased down on their frantic support for the precious metal as the week wore on, pushing down spot prices from Thursday’s closing level of $US1248.27 per ounce to $1245.85 for the week’s closing.
CLSA hits at CBA
Equity broker and financial services group CLSA accused the Commonwealth Bank of Australia (ASX: CBA) of keeping details of a housing bubble away from the public eye.
Pages
- Promoted in Business
- 1
- 2
- 3
- 4
- 5
