Breaking News
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AMP considering position over AXA AP
INSURER and wealth manager AMP says it's considering its position in relation to its takeover bid for fellow insurer AXA Asia Pacific Holdings. Read more
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Unions push case for low paid wage increase
TRADE unions are gearing up for another battle on behalf of Australia's 1.3 million low-paid workers by campaigning for a catch-up increase to the federal minimum wage. Read more
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JB Hi-Fi announces record half year profit
RETAILER JB Hi-Fi has reported a 29 per cent increase in net profit for the first half of 2009/10. Read more
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Billions pumped into Dubai World
DUBAI says it has pumped $US6.2 billion ($7.2 billion) into Dubai World and is prepared to put even more money into the conglomerate. Read more
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Dollar opens higher on Wall Street rally
THE dollar opened higher today as a late rally on Wall Street on Friday restored some confidence. Read more
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Lawyers to get big Ground Zero payout
LAWYERS in the battle over Ground Zero worker compensation could bag up to half of the $US4 billion ($4.6 billion) available to pay September 11 recovery workers for toxic injuries, the New York Post reported today. Read more
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Toyota to recall Prius cars, reports say
TOYOTA will this week announce the recall of 300,000 of its flagship Prius hybrid because of brake flaws, reports said today. Read more
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Banks warned against rate rise excuse
TREASURER Wayne Swan has warned the banks not to use the withdrawal of the Government's deposit guarantee as an excuse to slug consumers with higher interest rates. Read more
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Government removes bank guarantee
THE Federal Government is withdrawing its guarantee scheme for banks as it is no longer needed given the strength of the Australian financial system. Read more
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Deal makes everything AAA-OK
MINING billionaire Clive Palmer turned economic superhero yesterday, announcing the deal of the century to create up to 70,000 new jobs. Read more
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Five new Prius accidents confirmed
THE Japanese Government has reportedly confirmed five new accidents involving Toyota's Prius hybrids and will urge the car giant to investigate. Read more
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Multi-billion China coal deal announced
MINING magnate Clive Palmer has secured a $60 billion deal to export coal to China which he says will restore Queensland's AAA credit rating. Read more
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BAE to pay $520 million in fraud fines
DEFENCE giant BAE Systems has agreed to pay nearly $US450 million ($A520.41 million) to settle anti-corruption charges brought by Britain's Serious Fraud Office (SFO) and the US Department of Justice (DoJ). Read more
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Jobs data shows US recovery uncertain
THE US economy lost 20,000 jobs in January while the unemployment rate fell, according to official data that offered mixed signals about prospects for a sustainable recovery. Read more
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Toyota boss 'deeply sorry' about recalls
TOYOTA president Akio Toyoda says he is "deeply sorry'' for the recall of millions of cars around the world due to faulty accelerator pedals, but insisted the company's vehicles were safe. Read more
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US sheds 20,000 jobs in January
US employers cut 20,000 jobs in January, while the unemployment rate eased to 9.7 per cent, the Labor Department reported today. Read more
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Illegal tobacco costing $600m a year
THE illegal tobacco industry, increasingly moving from locally produced tobacco to smuggled cigarettes, is costing the nation $600 million a year in lost revenue, a new study says. Read more
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Dollar down on debt dampened demand
THE Australian dollar closed at a four-month-low today as concerns about sovereign debt in several European nations dampened demand for high-yielding assets. Read more
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Market slump wipes $31bn off shares
WORRIES that investors had been too optimistic about the global economy pulled shares down 2.4 per cent. Read more
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Miranda Kerr's banker fan to keep job
MACQUARIE Group broker David Kiely, who was seen live on television opening an email carrying pictures of model Miranda Kerr, will remain at the investment bank. Read more
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Twiggy wins income tax court battle
MINING billionaire Andrew "Twiggy" Forrest has won a long-running income tax court battle with the Australian Taxation Office. Read more
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Opposition not credible on economics - Swan
FEDERAL Treasurer Wayne Swan has accused the opposition of voodoo economics, saying its credibility on the subject is a "smoking ruin". Read more
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Swan warns economy still fragile
FEDERAL Treasurer Wayne Swan has welcomed stronger economic forecasts from the central bank but warned there is still no room for complacency. Read more
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Mad Cow import decision 'will cost jobs'
THE Federal Government's decision to allow beef to be imported from countries that have had outbreaks of mad cow disease could put 300,000 people out of work in a week, a Senate inquiry has heard. Read more
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Dollar 1.5 cents lower on debt fears
THE dollarwas 1.5 US cents lower at noon, as risk appetite continued to wane following concerns about Greece's economic future. Read more
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New manager for Rio's China operations
RIO Tinto looks to be trying to patch up its rocky relationship with China, appointing a new managing director of operations in the country. Read more
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RBA will have to hike rates - economists
THE central bank will have to raise the cash rate above 4.5 per cent this year, but there is no indication when the first increase will occur, economists say. Read more
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Share market slammed in morning trade
THE share market remained significantly lower at noon with investors selling stocks in all sectors on worries about economic recovery around the world. Read more
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Google book deal hits another hurdle
GOOGLE'S online bookstore plans have hit another hurdle as the US Department of Justice questions its agreement with authors. Read more
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Economic growth to continue in 2010
THE Reserve Bank has forecast the local economy to grow marginally quicker in 2010, while headline inflation is predicted to ease due as a stronger currency takes the edge off imported goods prices. Read more
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Indian growth a boon for Australia - RBA
AUSTRALIAN mineral exporters are likely to continue to benefit as India's economy grows in importance, the Reserve Bank has suggested. Read more
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Reserve Bank sees further rate rises
Reserve Bank warns interest rates may rise further after predicting prices will continue to rise strongly throughout the year. Read more
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Rudd defends breaking super promise
PRIME Minister Kevin Rudd has defended breaking an election promise to leave super unchanged, saying the tweaks are not substantive. Read more
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Home building at two year high, survey
ACTIVITY in the construction sector expanded in January, with housing construction hitting a two year high on government stimulus, a survey shows. Read more
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Share market dives on Wall St plunge
THE share market has fallen heavily in opening trade, after world markets plunged overnight. Read more
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Toyota Australia investigates brake problem
BRAKE problems in Toyota's popular Prius hybrid car which led to an international recall have prompted the carmaker's Australian operation to investigate. Read more
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Rudd defends work laws after teens sacked
KEVIN Rudd has defended minimum hour provisions in his government's new workplace relations regime, even though it has led to teenagers losing their after-school jobs. Read more
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Ford admits brake problem, offers fix
FORD has admitted a problem affecting braking in some of its hybrid vehicles, and offered a software fix following a wave of problems affecting Japanese rival Toyota. Read more
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US shares plunge on European fears
WALL St shares plunged overnight as weak US data combined with heightened fears of debt problems in European Union countries sent shockwaves through the markets. Read more
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Dollar down 1.5 cents
THE dollar opened 1.5 cents lower as investors dumped the currency on global risk aversion stemming from US jobless claims and growing European sovereign debt. Read more
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Class action against Toyota over faults
A US class-action lawsuit filed in Colorado against Toyota alleges the Japanese automaker hid problems that have led to a rash of recalls, lawyers said today. Read more
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EU debt fear dampens Wall St mood
US stocks slumped in opening trade overnight as sentiment was hurt by fears that debt woes affecting Greece were spreading to other European Union members including Portugal and Spain. Read more
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European stocks plunge
EUROPEAN stocks tumbled overnight as investors voiced growing concern over debt troubles in some eurozone economies and after a higher-than-expected jump in US jobless claims. Read more
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Bank of America sued for fraud
NEW York state officials have filed a lawsuit against Bank of America and its former top executives alleging they defrauded taxpayers and shareholders in the takeover of Merrill Lynch. Read more
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Strong dollar a concern for tourism
THE strong dollar remains a cloud on the horizon for Australia's tourism operators. Read more
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$17m on failed tender not a waste
COMMUNICATIONS Minister Stephen Conroy insists $17 million spent on the failed national broadband tender process wasn't a waste, saying the entire process changed with the global financial crisis. Read more
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Dollar down on weak sales figures
THE Australian dollar closed lower today after data showing a fall in retail sales for December surprised financial markets. Read more
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Market down on weak sales results
THE Australian share market closed lower today, with retail stocks among the hardest hit. Read more
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Retail drags shares lower at close
THE share market closed lower, with retail stocks among the hardest hit after the release of weak retail sales data and a disappointing result from Myer. Read more
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Hogan fights to keep tax fraud claims quiet
HOGAN fears his reputation will be destroyed if allegations of tax fraud are made public, the High Court has heard. Read more
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Myer says heavy discounting to continue
MYER denies that heavy discounting will erode the department store owner's margins. Read more
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Dollar lower on weak retail sales
THE dollar was more than half a cent lower at noon after the release of weaker than expected monthly retail sales figures. Read more
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Shares lower as banks, miners fall
THE share market continued to fall in morning trade, with major resource and financial stocks weighing on the main indices. Read more
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Consumers flag after strong spending spree
CONSUMERS were unable to keep up their record spending spree in the run-up to Christmas after November's surprisingly strong result. Read more
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Film industry loses landmark piracy case
INTERNET service provider iiNet has won a major legal battle over whether it should be held responsible for its customers downloading content illegally. Read more
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Building approvals increase in December
Australian building approvals rose 2.2 per cent to 14,869 units in December, seasonally adjusted, from an upwardly revised 14,555 units in November, the Australian Bureau of Statistics (ABS) said today. Read more
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Shares mildly lower in early trade
THE share market has opened lower on falling commodity and metals prices after US stocks retreated from a two-day rally. Read more
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ASIC appeals Fortescue court loss
AUSTRALIA'S corporate watchdog has appealed a court decision last month that dismissed its case against Fortescue Metals Group and its chief, Andrew Forrest. Read more
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Tabcorp half year profit drops
TABCORP Holdings has posted a two per cent drop in half year profit and says it expects conditions to remain uncertain for the rest of the financial year. Read more
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Myer sales up 2pc despite poor Christmas
DEPARTMENT store giant Myer increased its first half sales by two per cent and has upgraded its first half earnings guidance. Read more
Stock Quotes
Market Charts at 12:00AM
| Switch to Chart | Points | Change | Percent |
|---|---|---|---|
| Hang Seng | 20341.64 | -380.44 | -1.84 |
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| ASX200 | 4514.3 | -107.3 | -2.32 |
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| All Ords | 4532.7 | -111.4 | -2.4 |
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| Nikkei | 10057.09 | -298.89 | -2.89 |
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| Switch to Chart | Points | Change | Percent |
|---|---|---|---|
| DJIA | 10012.23 | +10.05 | +0.1 |
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| S&P; 500 | 1066.19 | +3.08 | +0.29 |
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| S&P; 100 | 491.34 | +1.27 | +0.26 |
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| NASDAQ | 1746.12 | +13.13 | +0.76 |
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| Switch to Chart | Points | Change | Percent |
|---|---|---|---|
| CAC 40 | 3563.76 | -125.49 | -3.4 |
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| DAX 30 | 3987.77 | -56.77 | -1.4 |
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| FTSE | 5060.92 | -78.39 | -1.53 |
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| Euro Top100 | 2063.53 | -45.41 | -2.15 |
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| Switch to Chart | Points | Change | Percent |
|---|---|---|---|
| AUD/USD | 0.0 | -0.87 | -100.0 |
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| Switch to Chart | Points | Change | Percent |
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| Oil | 71.14 | -1.98 | -2.71 |
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ASX200 - Top Gainers & Losers at 04:10PM
| Code | Name | Price | Percent |
|---|---|---|---|
| RMD | ResMed | 6.34 | 5.84% |
| AJA | Astro Japan Pro.. | 0.365 | 5.79% |
| CPA | Commonwealth Of.. | 0.945 | 2.71% |
| PNA | Panaust | 0.44 | -9.28% |
| SBM | St Barbara | 0.23 | -8.0% |
| MGX | Mount Gibson Ir.. | 1.345 | -7.88% |
