Breaking Business News
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US stocks rise on China data
US stocks opened with gains overnight as strong Chinese manufacturing data offered hopes of a strengthening global economy, overshadowing a disappointing US jobs report. Read more
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Bikini Girls Massage operator fined
AN operator of the former Bikini Girls Massage parlour in Perth has been fined more that $12,000 after admitting 43 breaches of fair trading and business name laws. Read more
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James Hardie asbestos fund 'at risk'
LAWYERS representing asbestos disease victims say a Federal Court ruling against James Hardie could put victim compensation payments at risk. Read more
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Swan takes credit for speedy economy
ECONOMISTS are confident that Australia's rapid economic growth performance won't result in an imminent rise in interest rates. Read more
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Dollar higher on GDP, China
THE dollar closed over on US cent higher after figures showed Australia's economy has grown at its fastest quarterly pace in three years. Read more
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Highest share market close in three weeks
THE share market closed at its highest finish in three weeks after gaining two per cent on stronger than expected economic growth. Read more
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Australian miners flock to Africa
INVESTMENT by Australian companies in Africa's resources sector has grown to an estimated $20 billion. Read more
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Gamer loses Playstation upgrade fight
AN Aussie gamer who sued Sony over an upgrade to his Playstation - similar to a US class action lawsuit - has lost his court claim. Read more
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James Hardie tax appeal dismissed
JAMES Hardie loses its appeal against an amended tax office assessment that could cost it more than $370 million. Read more
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Economic growth 'outstanding' - Labor
LABOR says today's national accounts for the June quarter are "outstanding" with the economy growing at its fastest pace in three years. Read more
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Stella Travel and Jetset allowed to merge
SHARES in Jetset Travelworld take off after the competition watchdog said the tour operator could buy Stella Travel Services. Read more
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Top NSW Maritime lawyer corrupt - ICAC
A TOP lawyer for New South Wales Maritime has been found to have engaged in corrupt conduct by running a private business from her office. Read more
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Dollar jumps after better than expected GDP
THE dollar was about US0.75c higher after Australia posted stronger than expected gross domestic product data. Read more
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Stocks higher on GDP boost
THE stock market was more than 1.5 per cent higher at noon as stronger than expected economic growth in Australia boosted local shares. Read more
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Economic growth hits the 'sweet spot'
SHOPPERS drove strong economic growth in the June quarter but rates should remain on hold until late in the year, economists say. Read more
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Economy grew at 1.2pc in June quarter
THE Bureau of Statistics says the economy grew at 1.2 per cent in the June quarter. Read more
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Shares open higher, snubbing US moves
THE share market opened higher today as local investors ignored off a mixed lead from Wall Street overnight. Read more
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Airline boss believed dead in PNG crash
THE owner of charter company Trans Air, Les Wright, is believed to be one of three Australians who died in a plane crash. Read more
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Dollar higher but with little room to move
THE dollar opened slightly stronger today, trading in a tight range after a night of mixed economic signals from the US. Read more
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US stocks have worst August since 2001
THE US stock market ended its worst August since 2001 on increasing concern about the economy. Read more
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Wall St lower amid volatile trade
WALL Street opened lower overnight as traders awaited a string of data that will provide an indication of the pace of the US economic recovery. Read more
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Dollar lower despite strong data
THE Australian dollar closed weaker after a risk averse mood gripped world markets and dampened the effects of largely positive local data. Read more
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Share market dips on miners
The Australian share market closed one per cent lower today as resource stocks and big banks fell on ongoing uncertainty about the US economy. Read more
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Grey collar workers on the rise
QUEENSLAND'S Gold and Sunshine coasts are no longer Australia's retirement havens with at least a third of their residents saying they are looking at working until their late 60s. Read more
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Dollar fails to rally on data
THE dollar was lower at noon, failing to rally after a promising set of Australian economic data. Read more
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Rumours China's bank chief has defected
SPECULATION swirls that China's central bank governor has defected to avoid reprisal after a $481 billion loss on US Treasury bonds. Read more
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Stocks lower on uncertainty
THE stock market was lower at noon as uncertainty about the recovery in the global economy weighed on miners and banks. Read more
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Strong data increases rate hike chance
STRONGER than expected retail trade and building approvals figures have "blitzed expectations" and make a rate hike by the end of the year all but certain, economists say. Read more
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Exports to boost gross domestic product
A STRONG mining export performance has helped slash nearly $10 billion off the current account deficit in the June quarter. Read more
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Building approvals rise 2.3 pc in July
AUSTRALIAN building approvals rose 2.3 per cent to 13,732 units in July, seasonally adjusted, from an upwardly revised 13,425 units in June, the Australian Bureau of Statistics (ABS) says. Read more
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Retail trade up 0.7pc in July
RETAIL trade at current prices rose 0.7 per cent in July to a seasonally adjusted $20.4 billion, from an upwardly revised $20.250 billion in June, the Australian Bureau of Statistics (ABS) said. Read more
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Shares open lower, led by miners
THE Australian share market opened lower, as major miners led the local market down and investors followed weak Wall Street lead. Read more
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Holden to export Commodore to Brazil
HOLDEN exports its latest model Commodore to Brazil in a deal forged as the Australian car industry emerges from turbulent times. Read more
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Poor risk assessment led to crisis - RBA
POOR risk assessment was a key element of the financial crisis, a senior Reserve Bank official says. Read more
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Mistakes before BP oil spill revealed
BP accepts some blame for mistakes made in a crucial well pressure test before the explosion that led to the Gulf oil spill. Read more
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Americans spend more in 'slow growth rut'
AMERICANS are spending a little more this northern summer, but hardly enough to rejuvenate the weakening economy. Read more
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India forecast to post nearly 9pc growth
INDIA'S economy believed to have grown by nearly 9 per cent in the fiscal first quarter, the fastest pace in more than two years. Read more
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Clubs attack Wilkie over pokie reform
CLUBS Australia has rubbished independent MP Andrew Wilkie's request to implement $1 maximum bets on poker machines, saying he needs to "stop speaking and start reading". Read more
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Dollar opens lower on US spending data
THE dollar opened lower today after a US consumer spending report failed to allay fears about the American economy. Read more
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Stocks drop on investor caution
US STOCKS fell overnight after more signs of slowing economic growth got investors worried ahead of a key US report on jobs later this week. Read more
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New Holden runs on bio-ethanol
HOLDEN has unveiled its latest Commodore range, which could eventually be powered by household waste. Read more
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Jews share same gene - German banker
A BOARD member of the German central bank was under fire yesterday after ranting "all Jews share the same gene." Read more
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Dollar lower on Bank of Japan meeting
THE dollar closed almost one US cent higher, despite suffering a steady slide downward throughout the trading day. Read more
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Shares close higher on banks, miners
THE share market closed former as local banks and resource stocks followed a firm lead from Wall Street. Read more
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Dollar higher at noon, more than $US0.90
THE dollar was higher at noon after jumping one and a half US cents following Federal Reserve's comments about the US economy. Read more
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Shares higher at noon, led by banks
THE Australian share market was higher at noon, with banks and mining stocks following a firm lead from Wall Street. Read more
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Business profits point to stronger GDP
AUSTRALIA looks to be on track to show strong economic growth, after business profits surged in the second quarter of 2010. Read more
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Shares open higher, led by banks
THE share market opened higher today, led by the banks and miners after Wall Street rebounded at the end of last week. Read more
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DJs sex suit may include 11 more women
ELEVEN complainants may be added to the $37 million claim against retailer David Jones and its former CEO Mark McInnes. Read more
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Jetstar set to increase flight numbers
LOW-COST carrier Jetstar will increase the number of flights it runs from Melbourne to Sydney. Read more
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Dollar over US90c after Bernanke speech
THE dollar opened above US90c today after comments by the head of the US central bank lifted market sentiment. Read more
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Warning about sexual disorders company
CONSUMERS are being warned to exercise caution when dealing with a firm selling treatment programs for sexual disorders. Read more
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Queensland is Australia's 'fraud capital'
QUEENSLAND has become Australia's fraud capital, with 19 major cases so far this year, as thieves target wealthy retirees. Read more
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Europe probes swine flu side effects
REVIEW of swine flu vaccination launched over fears the jab may cause a sleep disorder. Read more
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Europe probes swine flu side effects
THE European Medicines Agency is investigating a possible link between the Pandemrix swine flu vaccine and the sleeping disorder narcolepsy amid concerns in Finland and Sweden. Read more
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US considers aggressive steps on economy
THE Federal Reserve will aggressively boost US economic expansion if the outlook worsens, says Ben Bernanke. Read more
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Dollar closes lower on Bernanke speech
THE dollar closed slightly lower as traders sat on the sidelines ahead of US GDP data and a speech by US Federal Reserve chairman Ben Bernanke. Read more
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Shares close higher
THE share market closed moderately higher, building on yesterday's positive performance. Read more
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Shares end week in positive territory
AUSTRALIAN share market closed moderately higher, building on yesterday's positive performance, ahead of the release of revised US June quarter growth figures later tonight (AEST). Read more
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Fine for failing to provide wage records
A BUSINESSWOMAN has been fined $500 for failing to provide employment records to an industrial inspector after a former worker complained about non-payment of wages. Read more
Stock Quotes
Market Charts at 12:00AM
| Switch to Chart | Points | Change | Percent |
|---|---|---|---|
| Hang Seng | 20737.22 | 0.0 | 0.0 |
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| ASX200 | 4495.7 | +91.5 | +2.08 |
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| All Ords | 4526.8 | +88.0 | +1.98 |
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| Nikkei | 8824.06 | -325.2 | -3.55 |
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| Switch to Chart | Points | Change | Percent |
|---|---|---|---|
| DJIA | 10014.72 | +4.99 | +0.05 |
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| S&P; 500 | 1049.33 | +0.41 | +0.04 |
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| S&P; 100 | 475.73 | +0.38 | +0.08 |
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| NASDAQ | 1767.43 | -4.64 | -0.26 |
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| Switch to Chart | Points | Change | Percent |
|---|---|---|---|
| CAC 40 | 3490.79 | +3.78 | +0.11 |
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| DAX 30 | 5925.22 | +12.81 | +0.22 |
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| FTSE | 5225.22 | +23.66 | +0.45 |
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| Euro Top100 | 2159.21 | +2.14 | +0.1 |
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| Switch to Chart | Points | Change | Percent |
|---|---|---|---|
| AUD/USD | 0.9033 | -0.06 | -5.8 |
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| Switch to Chart | Points | Change | Percent |
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| Oil | 71.91 | -2.76 | -3.7 |
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ASX200 - Top Gainers & Losers at 04:10PM
| Code | Name | Price | Percent |
|---|---|---|---|
| VBA | Virgin Blue | 0.385 | 11.59% |
| SBM | St Barbara | 0.36 | 10.76% |
| GNS | Gunns Limited | 0.68 | 7.93% |
| NUF | Nufarm | 3.59 | -6.76% |
| ISF | iSOFT | 0.135 | -3.58% |
| PPT | Perpetual Limit.. | 30.21 | -2.93% |
