BUSINESS

Gold miners Bendigo, BCD to merge

Australian gold producers Bendigo Mining (ASX:BDG) and BCD Resources (ASX:BCD) have entered into a scheme implementation arrangement to merge the companies into a larger mining business.

Newcrest output climbs in June quarter

Australia's largest gold mining company Newcrest Mining Ltd (ASX:NCM) has reported a 26 per cent lift in gold production in the June quarter, boosted by record output at its Telfer and Gosowong sites.
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Australian Dollar Outlook 22/7/2010

The AUD has opened back below USD0.8800 this morning after financial markets retreated on Federal Reserve Chairman Ben Bernanke's comments before a US Senate Banking Committee.

IG Markets Morning Prices

On Wall St, early gains after strong results from Apple and Morgan Stanley were quickly erased once Fed Chairman Ben Bernanke began his speech.

Australian Stock Market Report

The US Federal Reserve chairman, Ben Bernanke, delivered semi-annual testimony on the economy, saying that the outlook for the economy was ´´unusually uncertain.´

World Market Overview

Stocks dropped broadly Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank is not prepared to consider further stimulus in the near term despite what he called an unusually uncertain outlook.

Daily Forex Commentary 22/7/2010

The Australian Dollar opens lower against the greenback at 0.8780. The Aussie was supported around US88 cents during local trade yesterday by further talk of a rise in the official cash rate.

Mining: BHP Cautious

BHP Billiton may be 'cautious' about the outlook for global growth and demand for its many commodities, but it is at lea...

Facebook members hit 500 million

Facebook announced on its official blog that the number of people using the social-networking site had reached 500 million. The figures mean one in every 14 people on the planet has now signed up to the online community.

Australian shares to open weaker

The Australian stock market is forecast to open lower, after major indices on Wall Street shed more than 1 per cent and the benchmark crude oil contract plunged below $US77 a barrel on the US Federal Reserve's dull outlook for the American economy.

Coles pork to go sow stall free

Coles has announced a plan to phase out the use of sow stalls by its producers by the end of 2014, with the first shipments of cage-free pork in the Coles Butcher line beginning next year. Coles already offers sow stall-free pork in the Otway, Linley Valley, and KR branded Outdoor Reared ranges.The ...

CHOICE names Australia's best coffee

Consumer advocacy group CHOICE has awarded Michel's Patisserie top honours in a review of ten of Australia's coffee chain stores.CHOICE brewed and reviewed espressos made from the standard beans used at ten of Australia's top coffee chains.Michel’s Espresso beans came out 'a clear winner', with a ...

Macquarie Looking To Sell Stake In Sprint Finance Corp

Australian investment banking major Macquarie is seeking offers valued at approximately US$3.5 billion for Real Estate Investment Trust (REIT) Sprint Finance Corp. If a deal is successful, it would be the largest sale of a U.S. based REIT in over three years.The Bloomberg news service which cited un...

NAB moves up to no. 3

Chief executive Cameron Clyne's strategy to make National Australia Bank (ASX: NAB) the people's bank are paying off with the firm showing the best gains of the banking cartel.

Economic indicators show brisk expansion

Australia's economy is likely to grow quickly in the coming months, according to a leading index of activity, which reflected an acceleration in growth in the recent quarter.

Woolworths FY sales increase

Woolworths Ltd (ASX:WOW) has reported a 1.8 per cent increase in same-store food and liquor sales for the fourth quarter, indicating a slower growth pace compared to the prior quarter.

BHP remains cautious on short-term outlook

Australia's mining giant BHP Billiton Ltd (ASX:BHP) says it remains cautious on the short-term outlook for the global economy, even after achieving record annual production results for its petroleum and iron ore divisions.

Babcock contemplated Allco takeover

Global investment and advisory firm Babcock & Brown Ltd considered acquiring rival Allco Finance Group Ltd while it was dealing with a cash crunch of its own that ultimately led to the $10 billion financial empire's demise.

Australian Dollar Outlook 21/7/2010

The Australian Dollar has opened higher after the Reserve Bank of Australia (RBA) said the next rate movement was all but dependent on official inflation data due next week.

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