NEWS TAPE : News : ALL-BIZ.INFO: Australia

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Rates of exchange 30 Nov 2009

	1 EUR = 1.621	AUD
	1 USD = 1.092	AUD
	1 GBP = 1.807	AUD
	1 JPY = 0.012	AUD

Currency converter

	NEWS TAPE

06 Nov 2009 17:29

Australia raises growth forecasts : The Reserve Bank of Australia (RBA) has said that the country's economy is growing faster than had been expected. It has more than tripled its growth forecast for this year from 0.5% to 1.75% and raised its 2010 forecast from 2.25% to 3.25%. ...

06 Nov 2009 17:28

Aussie Dollar Set for Weekly Gain as RBA Raises Growth Outlook : The Australian dollar strengthened, poised for its biggest weekly advance in a month, as the central bank signaled it will add to two interest-rate increases over the past month because ...

05 Nov 2009 17:06

Australian, N.Z. Dollars Weaken on Jobless Rates, Lower Stocks : The Australian and New Zealand dollars fell as concerns the global recovery may falter reduced demand for higher-yielding assets. Australia’s dollar remained lower after central bank governor Glenn Stevens said a surge in mining investment will increase the nation’s current-account deficit. New Zealand’s ...

04 Nov 2009 16:58

Australia Retail Sales Unexpectedly Fall, Driving Down Currency : Australian retail sales unexpectedly dropped in September, driving down the nation’s currency as traders added to bets the central bank may pause after two successive interest-rate ...

03 Nov 2009 17:24

Australian Dollar Falls as Central Bank May Slow Rate Increases : Australia’s dollar fell after the central bank said it was “prudent to lessen gradually” the economic stimulus provided by lower-than-average borrowing costs, prompting traders to ...

03 Nov 2009 17:21

Australia Increases Benchmark Interest Rate to 3.5% : Australia raised its benchmark interest rate by a quarter percentage point for the second straight month, becoming the only nation to increase borrowing costs twice this year as the global economy ...

Australian, N.Z. Dollars Gain on Improving Outlooks for Growth : The Australian and New Zealand dollars rose as government officials said the South Pacific nations’ economic expansions will quicken, boosting demand for their assets. Both currencies erased earlier declines as futures signaled U.S. stocks may recover from their biggest weekly slump since May. The Australian economy will grow 1.5 percent in the 12 ...
02 Nov 2009 16:56

02 Nov 2009 16:54

Aussie Dollar Channeling Yuan Shows More China Trade : Australia’s dollar is heading toward parity with the U.S. currency for the first time as investors hungry for China’s economic growth buy into the world’s biggest exporter of iron ore used in ...

27 Oct 2009 17:29

Australian Dollar Gains, Ending 3-Day Decline on China Optimism : Australia’s dollar rose for the first time in four days as a Chinese official said industrial output in the nation, Australia’s biggest trading partner, will climb 16 percent this ...

27 Oct 2009 17:27

Australia Boosts $33 Billion Urban Program as Population Grows : Australia’s government will add to the A$35.8 billion ($33 billion) of infrastructure spending introduced to counter the global recession as the nation’s population is forecast to ...

26 Oct 2009 16:45

Australian Dollar Rises as Asian Stock Gains Spur Yield Demand : Oct. 26 (Bloomberg) -- The Australian dollar rose, snapping two days of declines, as gains in Asian shares boosted demand for higher-yielding assets. New Zealand’s currency fell. ...

23 Oct 2009 17:18

Australian, N.Z. Dollars Rise for Third Week on Rates, Stocks : Oct. 23 (Bloomberg) -- The Australian and New Zealand dollars headed for their third week of gains on speculation the nations’ central banks will increase interest rates faster than other ...

West Australia Agriculture Exports Rise 28% to Record : Oct. 22 (Bloomberg) -- Food and agricultural commodity exports from Western Australia rose 28 percent to a record A$6 billion ($5.6 billion) in the 12 months to June 30, spurred by rising demand ...
22 Oct 2009 17:42

Qantas sees encouraging economic signs : QANTAS says the global economic outlook remains uncertain but it is seeing some encouraging signs and has seen no further deterioration in its business. Chairman Leigh Clifford told the national carrier's shareholders at its annual general meeting Qantas is well positioned to benefit when trading conditions improve. ...
21 Oct 2009 22:02

Female scientists 'not moving into senior ranks : A study of women in science in Australia has found the situation has not improved in the last 15 years, with few female researchers moving into senior ranks. The latest study released by the Federation of Australian Scientific and Technological Societies compares the new figures with a report completed 15 years ago. ...
21 Oct 2009 17:36

Australia to secure NSW grain transport network : SYDNEY, Oct 21 - Australia's government has moved to ensure that key railway lines used to transport grain in the country's second-largest grain producing state remain open and their future safeguarded. ...
21 Oct 2009 17:33

21 Oct 2009 17:23

RBA Signals Tolerance of Currency Gains, Rate Rises (Update1) : Australia’s central bank signaled it’s prepared to keep raising borrowing costs and tolerate further appreciation in the nation’s currency to help restrain consumer prices as economic ...

Super continues to grow as markets recover : AUSTRALIAN superannuation funds have continued to post strong gains in the last three months, effectively returning investments to pre-financial crisis levels, research shows. SuperRatings said today the average balanced superannuation fund gained 9.27 per cent in the three months to September, taking growth since March to just over 17 per cent. ...
21 Oct 2009 12:20

21 Oct 2009 08:54

Hyundai Heavy Wins Record $2.06 Billion Gorgon Order : Hyundai Heavy Industries Co. announced a $2.06 billion order to build processing facilities for Chevron Corp.’s Gorgon liquefied-natural-gas project in Australia, its largest single contract win. ...

20 Oct 2009 15:30

Australian Opposition Seeks Delay of Telstra Laws : Oct. 20 (Bloomberg) -- Australia’s opposition Liberal- National coalition will seek to delay a bill that may force the breakup of Telstra Corp. until a government study on a proposed A$43 billion ...

20 Oct 2009 15:27

Australia Central Bank Says Low Rate No Longer Needed : Australia’s central bank said it may be “imprudent” to keep interest rates near a half-century low, underscoring Governor Glenn Stevens’s determination to increase borrowing costs further ...

19 Oct 2009 16:02

Australian Companies Will Boost Dollar Debt Sales : Oct. 19 (Bloomberg) -- Australian companies will sell more U.S. dollar-denominated debt to access a new pool of investors prepared to buy longer-dated notes, said Jason Murray, head of capital markets ...

19 Oct 2009 15:57

Chevron announces new gas find off Australia : AN RAMON, Calif. – Energy company Chevron Corp. said Sunday it has made an additional discovery of natural gas in the giant Gorgon gas field being developed off the northwest coast of Australia. ...

Australians embrace use of debit cards : AUSTRALIANS are continuing to shift to debit cards from credit cards when making purchases but are expected to increase overall card debt as they become more confident about the economic recovery. The value of purchases and cash advances on credit and charge cards fell 1.5 per cent to $18.8 billion in August, from July, figures released by the Reserve Bank yesterday showed. ...
16 Oct 2009 19:12

16 Oct 2009 12:20

BHP Agrees to Buy Iron Ore Explorer for A$204 Million (Update3) : BHP Billiton Ltd., the world’s biggest mining company, agreed to buy United Minerals Corp. for A$204 million ($188 million), countering a bid by China to take a stake in the iron ore ...

Australia's super ranks among world's best : AUSTRALIA'S superannuation and retirement incomes system has been ranked second in the world in the first global survey of its kind. Australia received 74 points out of 100, second only to The Netherlands, which got 76 points on the index. ...
16 Oct 2009 10:26

16 Oct 2009 09:29

Stevens Heralds Largest Interest-Rate Rise Since 2000 (Update2) : Australian central bank Governor Glenn Stevens’s view that he can’t be “too timid” in raising borrowing costs is stoking speculation the benchmark interest rate will be increased ...

Disappointed' CBA stung for $100,000 : COMMONWEALTH Bank has been fined $100,000 by the corporate watchdog for failing to disclose the full extent of its expected losses as it undertook a botched $2bn capital raising last December. The expected losses centred around its dealings with the failed companies Lehman Brothers, Allco Finance Group and ABC Learning Centres. ...
14 Oct 2009 17:25

14 Oct 2009 17:22

Dollar at 14-month high : THE Australian dollar continued to soar today, ending the local trading day above 91 US cents for the first time in 14 months following a series of positive global and domestic economic leads. At 5pm (AEDT), the local currency was trading at 91.41 US cents, up from yesterday's close of 90.75 cents. ...

Telstra opposes 'unnecessary' split : TELSTRA says it is opposed to the Federal Government's proposal to split the telco giant, and has called for the senate to delay debate on the bill until its negotiations with the government are complete. ...
09 Oct 2009 18:06

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05 Nov 2009

Australian, N.Z. Dollars Weaken on Jobless Rates, Lower Stocks

04 Nov 2009

Australia Retail Sales Unexpectedly Fall, Driving Down Currency

04 Nov 2009

National Australia Pulls Bond Sale Citing Standards

03 Nov 2009

Australian Dollar Falls as Central Bank May Slow Rate Increases

06 Nov 2009

Australia raises growth forecasts

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