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ASX rival Chi-X Global keen to launch in March 2011

Chi-X Global Inc. is still set to work towards launching in March 2011, in spite the growing threat of a tougher competitive environment with the bid takeover of the Singaporean bourse of rival ASX Ltd.
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iPod retailer JB Hi-Fi expects strong Christmas sales

JB Hi-Fi Ltd (ASX:JBH), an Australian electronics and home entertainment retailer, said first-quarter sales rose 12.2 percent from a year earlier but were about 5 percent behind its target.
Sharon Olalia Oct 13, 2010

Stocks starts flat, commodities promising

Australia's S&P/ASX 200 is expected to ease from its early rally this week, as investors are wary of China's economic performance. Analysts said though there will be a positive push from the turn of events in the US with the Federal Reserve's decision to temper its fiscal policy, this will not easily avert the dampened mood that may set in today.
Christine Gaylican Oct 13, 2010

Adelaide Airport secured, suspect nabbed

The Adelaide Airport had a brief security concern this morning when a man suddenly broke in with his car crashing into the tarmac. The man suspected of drunk-driving or mentally ill has been subdued by the airport police moments after the said incident.
Christine Gaylican Oct 12, 2010

Adelaide Airport secured, suspect nabbed

The Adelaide Airport had a brief security concern this morning when a man suddenly broke in with his car crashing into the tarmac. The man suspected of drunk-driving or mentally ill has been subdued by the airport police moments after the said incident.
Christine Gaylican Oct 12, 2010

Local stocks down on profit taking

Local stocks pulled back slightly today, but still mirrored the weakness of Wall Street as the benchmark S&P/ASX200 index was down 10 points, or 0.21 per cent, at 4,681.3 points, while the broader All Ordinaries index had eased 5.9 points, or 0.12 per cent, to 4,740.3 points.
Christine Gaylican Oct 08, 2010

Australia's QR National acquires A$3-B loan facility

Australia's QR National has completed the acquisition of some A$3 billion worth of loans from 11 banks before its planned initial public offering, the company said in statement today.
Christine Gaylican Oct 08, 2010

Chevron's Gorgon output targets Asian LNG market

Chevron Corp.'s liquefied natural gas output from its $42-billion project in northwest Australia output will partly be marketed in Southeast Asia, China, and India.
Christine Gaylican Oct 08, 2010

Qantas flight attendants restrain passenger

Attentive and trained flight attendants of Qantas Airlines has secured their 280 passengers bound for Hong Kong when a threat from an emotionally unstable passenger became clear.
Christine Gaylican Oct 07, 2010

Wesfarmers chairman prefers carbon tax

The chairman of coal to supermarkets conglomerate Wesfarmers (ASX: WES) has joined the BHP CEP in supporting the idea of a carbon tax but thinks Australia should wait for other countries to introduce a levy first.
Sharon Olalia Oct 06, 2010

Barossa keeps McDonald's out

McDonald's cannot open a store in the Barossa Valley, a major wine-producing region and tourist destination of South Australia, the Development Assessment Panel has ruled.
Sharon Olalia Oct 06, 2010

Wheat giant AWB nears $1.2-B merger with Canada's Agrium

Australia's biggest wheat producer down AWB Limited (ASX: AWB) is now very close to be acquired by Canadian firm Agrium Inc. ((TSX and NYSE: AGU) as the Foreign Investment Review Board (FIRB) gave its nod to the deal.
Christine Gaylican Oct 05, 2010

Retail sales grow at modest pace

Australians consumed more fast food and dined out often in August providing a boost to retail sales, which grew by 0.3 percent, the Australian Bureau of Statistics said.
Christine Gaylican Oct 05, 2010

NZ Insurer Tower offers to buy rival Fidelity for $118M

New Zealand insurer Tower Ltd. listed in both the NSX and the Australian Stock Exchanges (TWR: NSX/ASX) has announced that it offers to buy industry rival Fidelity Life Assurance Co. for about $118 million.
Christine Gaylican Oct 01, 2010

Bonsoy faces multi-million-dollar class suit

Spiral Foods Proprietary Limited is pulled to the court room for distributing soy milk products that allegedly caused people to suffer from thyroid problems.
Admin System Oct 01, 2010

Nufarm confident of profits amidst low sales

Australian farm chemicals manufacturer Nufarm (NUF.AX) is still confident it can record higher profits after its sales performance hit new lows in its key subsidiaries.
Christine Gaylican Sep 28, 2010

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