Breaking Business News
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Wall St firms on tech sector profits
WALL Street has closed in positive territory at the end of a choppy session marked by signs of weakening consumer confidence and strong earning reports in the technology sector. Read more
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Dollar reaches fresh two-year highs
THE Australian dollar closed at a two-year high after the unit broke through two key psychological levels during the trading day. Read more
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Resources push shares up at close
THE share market closed almost one per cent firmer, pushed higher by resource companies including gold miner Newcrest, which rose to an all-time high. Read more
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ACCC blocks Sydney Airport hike bid
THE competition regulator has knocked back Sydney Airport Corporation Ltd's bid to increase charges for regional airlines that operate from the nation's largest gateway. Read more
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Mining tax row 'reflects changed values'
SOCIETY'S acceptance of inequality has made the proposed mining tax debate more controversial than it is, says ethics professor. Read more
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Australia key to uranium shortage - miner
AN Adelaide-based uranium miner says Australia will play a key role in meeting a global shortfall in uranium supplies. Read more
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Car finance manager denied fraud appeal
A FINANCE manager for a car dealership who stole over $600,000 by creating false loans in customer names denied the chance of appeal. Read more
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ANZ to resolve Storm Financial claims
ANZ Banking Group has launched a resolution scheme for its customers caught up in the Storm Financial collapse. Read more
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Japanese bank to go bankrupt - officials
THE private Incubator Bank of Japan (IBJ) will file for bankruptcy in what would be Japan's first bank failure in seven years, officials said. Read more
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CBA boss banks massive pay rise
COMMONWEALTH Bank CEO Ralph Norris nets a 75pc payrise as the bank posts $5.6bn profit. Read more
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Dollar higher at end of big week
THE dollar was higher at noon and trading in a tight range, close to a two-year high, after a dramatic week on currency markets. Read more
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Shares firmer at noon on miners
THE share market was half a per cent firmer at noon, as the big miners continued to post gains. Read more
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Customers want overhaul of big telcos
TELCO customers want an overhaul of consumer protection rules in the industry to improve poor customer service. Read more
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Drought over, but here come the locusts
EXCELLENT growing conditions have raised the prospect of the best NSW winter crops ever, but threat of a massive locust swarm looms. Read more
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Shares open higher on banks, miners
THE share market has opened firmer, buoyed by the major banks and miners. Read more
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Nearly 44m in poverty in US, says Census
NUMBER of people living in poverty in the US last year was the highest since the US Census began collecting data on America's poor. Read more
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Israel is 'stifling Palestinian economy'
WORLD Bank warns Palestinians will be unable to build a viable state unless Israel lifts its restrictions on private investment. Read more
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US to consider sanctions against China
US Treasury Secretary Timothy Geithner says he faces growing demand for sanctions against Beijing from angry lawmakers. Read more
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New plane 'saddle' to pack in passengers
A NEW design for economy class airline seating gives a new meaning to "cattle class," as passengers would sit on saddle-type seats. Read more
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Boeing to put tourists in space by 2015
US aerospace giant Boeing to put tourists into low-level orbit in a futuristic capsule by early 2015. Read more
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Chilean miners may be reached at weekend
FASTEST drill burrowing toward 33 trapped Chilean miners could reach its goal this weekend. Read more
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US Gulf drilling ban cut 12,000 jobs
US moratorium on drilling in the Gulf of Mexico cost up to 12,000 jobs, a report said. Read more
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Greece rules out debt restructuring
GREEK Finance Minister warns restructuring Greece's debt would be "catastrophic." Read more
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Gold sets record high on economic woes
GOLD prices were driven to a record high overnight as worries returned about sluggish economic growth. Read more
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Dollar higher on greenback weakness
THE dollar opened slightly higher amid continuing US dollar weakness and euro strength. Read more
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Dow up with small gains
THE Dow index today pared early losses to close with slight gains after a choppy day marked by new data showing jobless claims dropped last week but still remained high. Read more
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US stocks slip
US stocks slipped overnight as new data showed jobless claims dropped but still remained high and shipping giant Fedex reported profits below expectations. Read more
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Tell truth at interviews, employers beg
EMPLOYERS are becoming increasingly frustrated by people who exaggerate their achievements during the interview process, only to find out the truth when they have been hired. Read more
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We need fast broadband to compete - Swan
AUSTRALIA won't be able to compete economically in years to come without a superfast broadband network, Treasurer Wayne Swan says. Read more
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Mining wants taxes to stay in regions
SOUTH Australia's mining sector says funds raised from the hike in royalties in the state budget must be spent on regional infrastructure. Read more
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Profit taking sees dollar end day weaker
THE dollar closed weaker on profit-taking following Japan's decision to depreciate the yen against the US dollar. Read more
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Shares down as investors take profits
THE share market ground lower today, as investors in mining and bank stocks took profits. Read more
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Economy now 'more dependent on China'
AUSTRALIA'S economic strength is moving away from the US economy and becoming increasingly reliant on China, the Reserve Bank says. Read more
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Dollar higher on quantitative easing talk
THE dollar was slightly higher at noon on quantitative easing rumours and currency devaluations. Read more
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Shares slide at noon on profit taking
THE share market was marginally weaker at noon, as profit takers drove losses among materials and financial shares. Read more
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Inflation expected to rise 3pc - survey
CONSUMERS expect prices to rise in September, reversing falls in past months due to strong economic growth, a survey shows. Read more
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Shares open flat despite bank gains
THE share market has opened flat with gains among the big four banks offset by falls in the resources sector. Read more
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Myer boss expects profit growth up to 10pc
MYER's chief executive Bernie Brookes says net profit in the current fiscal year may grow as much as 10 per cent as sales increase. Read more
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EU calls for tougher financial market rules
THE EU executive overnight proposed tougher curbs on market practices seen to have contributed to the global financial crisis. Read more
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Dollar higher after volatile session
THE dollar opened slightly higher after a volatile session in which equities gained ground and the oil price fell. Read more
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Wall St edges higher
WALL Street today closed with gains after jittery trade and weaker-than-hoped-for manufacturing data dampened recent optimism over the recovery of the US economy. Read more
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BP boss defends safety record
OUTGOING BP chief Tony Hayward has defended the firm's safety procedures as British MPs grilled him over the Gulf of Mexico oil spill, saying the company had never envisaged a disaster of its size. Read more
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Seats for Boeing spaceships to go on sale
BOEING has lined up a space tourism company to sell seats on the spaceship it wants to build to fly to the International Space Station. Read more
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US stocks down on manufacturing data
US stocks today opened lower as weaker-than-hoped-for manufacturing data rekindled concerns over the recovery of the world's largest economy. Read more
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Jobs for the bots in model worker world
THE replacement of humans by machines took another step today, as researchers unveiled a model they hope could lead to humanoid menial workers. Read more
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Aussie wines face Asian growth curbs
HIGH taxes in Asia's key markets are curbing growth for wine exports, says the chief executive officer of Western Australian-based Sandalford Wines. Read more
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Dollar higher despite yen sell-off
THE Australian dollar closed higher after strong gains made over the past 24 hours saved it from a sell-off sparked by the Bank of Japan's move to weaken its currency against the US dollar. Read more
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Shares reach four-month high at close
THE share market finished its highest close in over four months, as National Australia Bank and gold miners posted solid gains. Read more
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Court asked to hold sex case payout
THE Federal Court has been asked to put a hold on South Australia's largest sex discrimination payout while the case goes to the High Court. Read more
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News Ltd sells the Fiji Times
NEWS Ltd has sold the Fiji Times newspaper for an undisclosed sum to Fijian company Motibhai, chief executive John Hartigan said. Read more
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Carbon price 'must be neutral' - BHP
BHP Billiton's CEO says the Government must treat a price on carbon as revenue neutral for it to be effective. Read more
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Fiji calls in Interpol over cash heist
INTERPOL called in to find out how one million Fiji dollars destined for the Reserve Bank of Fiji disappeared. Read more
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Dollar 0.5c higher on US weakness
THE dollar was 0.5c higher at noon and trading near a two-year high after the US dollar weakened following reports of US quantitative easing overnight. Read more
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Rate rises slow dwelling commencements
THE pace of central bank interest rises since October last year caused a sharp slide in the number of dwelling commencements in the June quarter, economists say. Read more
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Home starts by top builders rise 22pc
HOUSING starts among the nation's top 100 builders rose by 22.8 per cent in 2009/10 on the back of higher federal stimulus measures and lower interest rates, according to the latest Housing 100 report. Read more
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Shares up at noon, resources lead
THE share market was 0.5 per cent stronger at noon, with higher prices for base metals. Read more
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Shares open 0.5pc higher thanks to gold
THE share market has opened half a per cent higher, boosted by the resource sector, particularly gold miners. Read more
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Surprising drop in consumer sentiment
CONSUMER confidence has had a surprising fall but a majority of shoppers remain positive. Read more
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Fish could feed 20 million more
STUDY estimates better management of the world's wild fisheries could feed 20 million more people. Read more
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Fastest drill resumes work at Chile rescue
FASTEST drill trying to reach trapped Chilean miners to resume work after engineers extracted broken pieces that forced it to stop. Read more
Stock Quotes
Market Charts at 12:00AM
| Switch to Chart | Points | Change | Percent |
|---|---|---|---|
| Hang Seng | 21970.86 | +245.22 | +1.13 |
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| ASX200 | 4638.9 | +33.6 | +0.73 |
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| All Ords | 4685.1 | +35.1 | +0.75 |
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| Nikkei | 9626.09 | +116.59 | +1.23 |
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| Switch to Chart | Points | Change | Percent |
|---|---|---|---|
| DJIA | 10607.85 | +13.02 | +0.12 |
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| S&P; 500 | 1125.59 | +0.93 | +0.08 |
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| S&P; 100 | 509.04 | +0.11 | +0.02 |
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| NASDAQ | 1955.83 | +7.72 | +0.4 |
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| Switch to Chart | Points | Change | Percent |
|---|---|---|---|
| CAC 40 | 3722.02 | -14.28 | -0.38 |
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| DAX 30 | 6209.76 | -39.89 | -0.64 |
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| FTSE | 5508.45 | -31.69 | -0.57 |
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| Euro Top100 | 2253.34 | -10.51 | -0.46 |
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| Switch to Chart | Points | Change | Percent |
|---|---|---|---|
| AUD/USD | 0.936 | 0.0 | 0.0 |
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| Switch to Chart | Points | Change | Percent |
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| Oil | 74.69 | +0.13 | +0.17 |
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ASX200 - Top Gainers & Losers at 04:10PM
| Code | Name | Price | Percent |
|---|---|---|---|
| SDL | Sundance Resour.. | 0.245 | 8.88% |
| RIV | Riversdale Mini.. | 10.79 | 5.26% |
| VBA | Virgin Blue | 0.415 | 5.06% |
| BTA | Biota | 0.935 | -3.61% |
| PBG | Pacific Brands | 1.14 | -2.57% |
| IPL | Incitec Pivot | 3.46 | -1.99% |
