News
 ABC Online | Banks keep gains from card customers Sydney Morning Herald Movements on credit card interest rates by the big four banks over two years show banks have kept 85 per cent of the net benefit gained from the Reserve Bank of Australia's (RBA) interest rate cuts. By March 1 the net impact of the RBA's movements in ... Home loans tumble on rate rises Home loans down, but not enough to put rate rises on hold Australia must tackle the housing shortage, says senior RBA official |
 Reuters | Yen holds firm, strong China data boosts Aussie Reuters TOKYO (Reuters) - The yen held firm on Wednesday on expectations of a pick up in Japanese repatriation flows before the end of the financial year, while the Australian dollar was boosted by strong Chinese trade data. Traders said Japanese exporters ... WORLD FOREX: Dollar Trims Gains In Shift To Riskier Assets Dollar gains as ratings agencies warn on Europe Technical view: Rupee, USD, Euro |
 ABN Newswire (press release) | Aurox shares almost triple on Atlas bid Sydney Morning Herald Update Iron ore producer Atlas Iron is seeking to acquire Aurox in a $143 million scrip offer to secure additional port capacity as it beefs up production to meet Chinese demand. Aurox said its board will vote in favour of the deal, which implies a ... Asian Shares Mixed; Aurox Surges On Merger Agreement Atlas to Start Ore Sales on Cash-Benchmark Price Mix Atlas Iron and Aurox Resources merger makes sense at first glance |
Housing finance plummets ABC Online The combination of higher interest rates and the expiry of the boost to the first homeowners' grant has driven a big fall in housing finance in January. Figures from the Australian Bureau of Statistics show the number ... Oz Housing Finance Weaker In January Interest rates to curb WA home sales: industry WA home loans slump 11.1% in January |
 ABC Online | Cashmere ready for big time Herald Sun UNLISTED public companies have always played a big part in Australia's iron ore business -- the late Lang Hancock being a prime example. And the little known and ironically titled unlisted public company Cashmere Iron looks set to become a big player ... Cashmere Iron announces ore find in WA Cashmere in China Talks to Develop Australian Iron Ore Project Mid-West junior iron ore miner comes of age |
 RTT News | Consumers confident as jobless rate sinks Trading Room Increasing job security due to the surprisingly rapid drop in the jobless rate in recent months has so far helped consumers bear the pain of rising interest rates. New data released on Wednesday showed consumer confidence actually rose in March despite ... Australian consumer confidence rises despite RBA raising interest rates Consumer confidence holds steady despite rate rise Consumer sentiment holds ground despite rate rise |
 WA today | Cost overruns at Perth Arena criticised ABC Online The Auditor General has attacked the Labor Party's handling of the Perth Arena development, saying poor planning has led to the project costing three times its original budget. The Perth Arena Sporting and Entertainment Complex on Wellington Street was ... Future of WA's major infrastructure at risk Perth Arena costs have 'blown out', says WA auditor general Murphy finds failings in Perth Arena |
Orica Expects A$92M Hit On After-Tax Profit From Federal Court Tax Ruling Wall Street Journal SYDNEY (Dow Jones)--Chemical maker Orica Ltd. (ORI.AU) said a court ruling Wednesday against it over a dispute with Australia's tax authorities is likely to hurt its after tax profit by around A$92 million. In a statement, Orica said ... Orica stare at potential losses after court rule Australia's Orica says tax ruling to hit profit |
 BigPond News | Australia's youth bore brunt of downturn Sydney Morning Herald Australia's youth bore the brunt of the financial downturn, while older workers experienced relative increases in salaries and job stability, a new survey shows. At the same time, young people increased their spending despite job losses and smaller ... Gen Y worst hit in the crisis but stay resilient Young take pain in their stride Y worry? How kids shun GFC - "We kept spending" |
 ABC Online | Auditor slams some Sydney bus services Sydney Morning Herald The NSW government will consider fining private bus operators if they don't meet agreed performance benchmarks, following a stinging report on the bus transport sector by the state auditor-general. Auditor Peter Achterstraat on Wednesday described ... Auditor: New IT systems just the ticket for NSW buses Sydney bus operators told to lift their game BREAKING NEWS: NSW AG calls for shake-up of bus contracts |
