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Alcoa says jobs in Australia secure

Source: Sydney Morning Herald

Geelong :: Australia | about 10 hours ago | Business News

Australian jobs at mining giant Alcoa will not be affected by the company's decision to slash 13,500 jobs globally. The US aluminium company announced overnight it would reduce the number of employees by the end of 2009 by 13,500, while...

Aussie bonds close stronger

Source: The Age

Sydney :: Australia | about 16 hours ago | Business News

Commonwealth Government March 2019 bond was at 4.253 per cent, down from Tuesday's close of 4.295 per cent, while the yield on the April 2012 bond was at 3.548 per cent, down from 3.573 per cent. On the Sydney Futures...

Australian dollar ends higher

Source: Xinhuanet.com

Canberra :: Australia | about 12 hours ago | Business News

The Australian dollar ended higher on Wednesday, with the Australian dollar trading at 72.25 U.S. cents, up from Tuesday's close of 71.18 cents. During the day, the Australian dollar moved between 71.89 U.S. cents and 72.67 cents. The Australian dollar...

'Stronger sales to slow RBA rate cuts'

Source: The Age

Sydney :: Australia | about 12 hours ago | Business News

Retail sales rose 0.4 per cent in November in seasonally adjusted terms, figures from the Australian Bureau of Statistics (ABS) show, far above the market's forecast of a 0.3 per cent fall. ANZ senior economist Katie Dean said the retail...

Exports rising steadily, imports up but easing

Source: Scoop

Sydney :: Australia | about 14 hours ago | Business News

The trend for merchandise exports continues to rise steadily following a period of strong growth in the second half of 2007. This growth is associated with high dairy prices and the commencement of Tui oil exports. Merchandise imports were up...

Daily Telegraph, Australia: NAB prices $US2.5bn govt-backed bond

Source: Androscoggin News

Sydney :: Australia | about 10 hours ago | Business News

Australia Bank has priced a $US2.5-billion ($3.5 billion) three-year government-guaranteed bond. NAB is the first international bond issuer from the Asia-Pacific this year. The bond priced at the tight end of the range indicated to investors earlier this week, a...

B&B 'in negative asset position'

Source: The Age

Sydney :: Australia | about 22 hours ago | Business News

The investment firm made the statement after the market closed on Wednesday, saying progress on the asset impairment review process for its 2008 full year accounts showed a negative net asset position would result from a reclassification of non-core assets...

Car sales buck global gloom

Source: Adelaide Now

Sydney :: Australia | 1 day ago | Business News

Australia last year as buyers resisted pressures at home and worldwide economic gloom with the second-biggest sales splurge on record. A late surge, driven by dollar deals across almost every brand in December, took the official total for 2008 to...

Gains across the board put market in the black

Source: Sydney Morning Herald

Melbourne :: Australia | about 24 hours ago | Business News

THE sharemarket closed firmly in the black yesterday with gains across all sectors except for health care. The benchmark S&P/ASX200 index rose 55.7 points, or 1.51 per cent, to 3,742.7, while the All Ordinaries rose 50.3 points, or 1.38 per...

Coal miners fight against job cuts

Source: The Sunshine Coast Daily

Sunshine Coast :: Australia | 1 day ago | Business News

Coal miners say they will continue their fight to stop 230 jobs being cut at a central Queensland mine this Friday. Xstrata Coal announced last month it would sack 190 contractors and 40 permanent staff at its Oaky Creek No.1...