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- Bendigo Mining Hails Exploration Results
- Gold producer Bendigo Mining says it has discovered new mineralisations at projects in Tasmania and Victoria.Based on visual grade estimation, the company said there was up to 11.7 grams per tonne (g/t) of gold at the Henty gold mine in Tasmania, and up to 105 g/t at Kangaroo Flat,...
- News items 2009-11-20
- Pluto Gas Project Faces Cost Blow Out
- Oil and gas producer Woodside Petroleum Ltd says the costs of its Pluto LNG project, offshore from Western Australia, have blown out by up to 10 per cent.Pluto would likely cost six per cent to 10 per cent more than the $11.2 billion budgeted, Woodside said on Friday."The expected...
- News items 2009-11-20
- Sydney Airport Passenger Numbers Up: MAp
- Sydney Airport's passenger numbers have improved for the third month in a row, its largest owner MAp Airports Ltd says.MAp figures released on Friday showed total passenger traffic increased 6.1 per cent to 3.075 million in October, from 2.899 million in the prior corresponding period.The number of international passengers...
- News items 2009-11-20
- ANZ Sells Custodian Services Business
- ANZ Banking Group Ltd will sell its custodian services business to US Banking giant JP Morgan as the Australian lender moves to focus on its core markets in the Asia Pacific."Custodian Services is increasingly a global scale business and JP Morgan Worldwide Securities Services is ideally placed to service...
- News items 2009-11-20
- CBA Securities Face Moody's Downgrade
- Commonwealth Bank of Australia Ltd CBA says ratings agency Moody's Investors Service has placed about $9.5 billion of the lender's hybrid securities under review for a possible downgrade.Moody's has recently published revised guidelines for rating bank hybrid securities and subordinated debt around the world and was applying its revised...
- News items 2009-11-20
- AVJennings Forecasts Return to Profit
- Home builder AVJennings Ltd says it is well positioned for the future and expects to return to profitability in 2009/10.At its annual general meeting on Friday, managing director Peter Summers said the current financial year will see the company's financial and operational performance improve."The company has a land bank...
- News items 2009-11-20
- Fitch Seeks to Issue Australian Ratings
- Global ratings agency Fitch Ratings said it will apply for a wholesale financial services licence to issue ratings in Australia under the corporate watchdog's new ratings rules.The agency will apply for a licence to continue issuing ratings to wholesale clients in Australia, a spokeswoman said.Moves by the Australian Securities...
- News items 2009-11-20
- SingTel First Half Profit Up
- Singapore Telecommunication Ltd has posted 8.9 per cent growth in its first half net profit led by strong revenue growth in its Australian Optus business.SingTel's net profit for the six months to September 30 was $S1.9 billion ($A1.47 billion), up from $S1.75 billion in the previous corresponding period.Second quarter...
- News items 2009-11-11
- Consumer Confidence Falls: Westpac Index
- Consumer confidence has fallen after the second consecutive interest rate rise, a survey shows.The Westpac Melbourne Institute Index of Consumer Sentiment fell by 2.5 per cent to 118.3 in November, down from 121.4 in October.The index rose in October by 1.7 per cent.But Westpac's chief economist Bill Evans said...
- News items 2009-11-11
- Personal Finance Fell 1.8% in September
- Total personal finance commitments fell 1.8 per cent in September, seasonally adjusted, to $7.016 billion, from $7.146 billion in August, the Australian Bureau of Statistics ABS said on Wednesday.Total commercial finance rose 8.0 per cent, seasonally adjusted, to $31.576 billion, from $29.241 billion in August.Lease finance fell 3.6 per...
- News items 2009-11-11
- Qantas Aiming to Halve Check-in Times
- Qantas Ltd says it is aiming to halve check-in times for customers at CityFlyer ports with new technology to be rolled out across Australia, starting in Perth.Chief executive Alan Joyce says the Qantas' Airport of the Future initiative will begin next year with the introduction of next generation check-in."Qantas...
- News items 2009-11-11
- ASIC Urges Crack Down on Info Leakage
- Australia's corporate watchdog says companies and financial advisers need to crack down on information leakage that seems to have been happening ahead of capital raisings.Share price declines ahead of prospective raisings suggested that information was being leaked and used to lower the value of the stock being offered, Australian...
- News items 2009-11-10
- Shareholders Angry at Fairfax Infighting
- Angry shareholders have labelled infighting among the board of Fairfax Media Ltd "appalling" and new chairman Roger Corbett admits he is embarrassed by the episode.Shareholder and former federal Labor senator Chris Schacht earned a round of applause at the newspaper publisher's annual general meeting on Tuesday when he described...
- News items 2009-11-10
- IPhone Stokes Optus Customer Growth
- Australia's second largest telco Optus has continued to grow its mobile product customer base thanks to the popularity of the iPhone and its broadband packages.The telco's parent Singapore Telecommunications Ltd said on Tuesday that Optus added 223,000 customers in the three months to September 30 to a total of...
- News items 2009-11-10
- AMP, AXA APH Shares Up on Takeover Talks
- AMP Ltd shares jumped over four per cent on Tuesday on expectations the wealth manager and insurer itself could be the subject of a takeover.The development comes just days after the Australian group and Paris-based AXA SA made an $11 billion tilt for AXA Asia Pacific Holdings Ltd (AXA...
- News items 2009-11-10
- Woolies, Lowe's Can Buy Danks, Says ACCC
- The competition watchdog has given the green light to a takeover of Danks Holdings Ltd by joint venture partners Woolworths Ltd and Lowe's Inc.The Australian Competition and Consumer Commission ACCC on Wednesday approved the proposed deal after the two companies accepted court enforceable undertakings over competition issues.The ACCC said...
- News items 2009-11-11
- CBA 'well Provisioned' For Bad Debts
- Commonwealth Bank of Australia has reiterated it is well provisioned for bad and doubtful debts.It is also significantly more optimistic than a year ago, with the bad debt cycle appearing to have peaked.Chief financial officer David Craig told the bank's annual general meeting in Perth on Wednesday that Australia's...
- News items 2009-11-11
- Strong Growth For Asia, Australia: BNP
- Asia and Australia can look forward to a period of strong growth as infrastructure and other investment spending is funded by cheap money from the US and Europe, says BNP Paribas' chief economist.Inflation in the US and Europe, if it rises, is the only factor that may threaten growth...
- News items 2009-11-12
- More Jobs Mean Higher Rates, Say Experts
- A strong rise in employment in October will give the Reserve Bank of Australia RBA added confidence to lift interest rates in December, economists say.It will be the first time the RBA will have raised rates for the third consecutive month, if it does so.A larger than expected jump...
- News items 2009-11-12
- AAP Chief Leaves to Head Britain's PA
- In a rapidly changing global media landscape, Clive Marshall has no doubt about one thing - the future of news agencies.The outgoing chief executive of Australia's AAP, soon to head Britain's Press Association, says the news agencies of half a century ago would have relished today's opportunities."A news agency's...
- News items 2009-11-12
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