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Sydney : Australia | Sep 11, 2012 at 2:23 PM PDT

Source: The Age

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Wednesday, the September share price index futures contract was up 18 points at 4,342. In economic news on Wednesday, the Australian Bureau of Statistics is due to release the June quarter dwelling unit commencements figures while the Westpac/Melbourne Survey of Consumer Sentiment also due out.... FULL ARTICLE AT The Age

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Time to decide on car industry: Nasser

The Age

He added that Australia should be proud of the fact that it was one of less than a dozen countries that both designs and manufactures cars. The automotive industry has been hit so hard by job losses in recent years, which led to the government...
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Asian Wall Street Journal

Chairman Jacques Nasser said Wednesday. "For about a decade, if you were in this industry, what was important was spending your investment quickly so you could get your production out as quickly as possible," Mr. Nasser told a business event in...
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Sydney Morning Herald

Investec Asset Management strategist Michael Power said while Australian property prices had fallen six per cent since 2010, he expected them to fall further in the next 18 months to two years. "We're not seeing anything like the US, Irish or Spanish...
Aust shares close higher

The Age

I think some of the really beaten down and discarded stocks in the mining sector are continuing to have a nice bounce upward." Mr Esho said investors were awaiting the outcome of a two-day policy meeting by the US Federal Reserve on Friday morning,...
BHP's Nasser hits back at Qld govt

Sydney Morning Herald

Tuesday's Queensland budget increased coal mining royalties in a move predicted to generate $1.6 billion over four years. Royalties will jump from 10 to 12.5 per cent for every tonne of coal sold for between $100 and $150. Coal sold for more than...
Aust stocks open 0.24% higher

The Courier-Mail

Thursday, the benchmark S&P/ASX200 index was up 10.5 points, or 0.24 per cent, at 4,336.3 points, while the broader All Ordinaries index had risen 11.1 points, or 0.26 per cent to 4,359.4 points. On the ASX 24, the September share price index futures...