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	NEWS TAPE

18 Jul 2008 17:02

Australian Wheat Crop Better Than Last Year, AWB Says (Update2) : Wheat crops in Australia, the world's sixth-largest exporter of the grain, are in a better condition than a year earlier because of winter rains, the nation's largest wheat shipper said. ...

Newcrest Profit May Fall on Carbon Plan, Credit Suisse Says : Newcrest Mining Ltd., Australia's largest gold mining company, may have its earnings cut from 2010 following the introduction of a national carbon trading system, according to Credit Suisse ...
18 Jul 2008 16:24

14 Jul 2008 10:49

Toll Spins Off Virgin Blue, Branson Biggest Holder (Update3) : Toll Holdings Ltd. plans to spin off its stake in Virgin Blue Holdings Ltd., Australia's second- biggest airline, exiting a business inherited in its 2006 acquisition of Patrick Corp. ...

Palm Treo 800w goes live on Sprint's website : Just in time to boost telesales and cash in on the dearth of non-iPhone related news, Sprint has launched online sales of its hotly-anticipated Palm Treo 800w. With Windows Mobile 6.1 Professional, GPS, ...
14 Jul 2008 10:22

10 Jul 2008 10:58

CSR Falls Most in 20 Years on Housing Concerns (Update1) : CSR Ltd., Australia's third-largest maker of building products, fell by the most in more than 20 years in Sydney trading after it said the housing industry is being challenged by 12-year-high ...

Macarthur 2008 Profit Gains Up to 35% on Shipments (Update2) : Macarthur Coal Ltd., the world's biggest exporter of pulverized coal used in steelmaking, said profit rose as much as 35 percent because of increased shipments and a one-time gain on the ...
10 Jul 2008 10:45

10 Jul 2008 10:40

Australia Adds Three Times as Many Jobs as Expected (Update2) : Australia added three times as many jobs as economists forecast in June as mining companies, led by BHP Billiton Ltd. and Rio Tinto Group, expanded to meet Chinese demand for commodities. ...

Australian Dollar Rises After Job Growth Exceeds Expectations : The Australian dollar rose after a government report showed jobs rebounded by more than economists predicted in June. The New Zealand dollar gained as the nation's interest-rate advantage ...
10 Jul 2008 10:22

30 Jun 2008 22:42

PGG Wrightson Agrees to Buy Half of Silver Fern Farms (Update2) : PGG Wrightson Ltd., New Zealand's largest agricultural services company, agreed to pay NZ$220 million ($168 million) for half of meat processor Silver Fern Farms Ltd. to cut costs and ...

New Zealand's Home-Building Approvals Declined 42% in May : New Zealand home-building approvals fell 42 percent in May from April, adding to signs that the property market is slowing as credit costs increase and consumer confidence slumps. ...
30 Jun 2008 22:39

30 Jun 2008 22:32

Australian Dollar Rises to 25-Year High as Commodities Advance : The Australian dollar rose to its highest level in 25 years as prices of the nation's iron ore and coal exports climbed to records and steelmaker ArcelorMittal led companies buying stakes ...

Babcock & Brown Refinances A$2.8 Billion of Debt (Update1) : Babcock & Brown Ltd., Australia's second biggest securities firm, agreed to a higher interest rate on A$2.8 billion ($2.7 billion) of debt as banks waived their right to force early repayment. ...
30 Jun 2008 22:24

Posco Buys 10% Macarthur Stake After Mittal Purchase (Update3) : Posco, Asia's third-biggest steelmaker, agreed to pay about A$424 million ($408 million) for a 10 percent stake in Macarthur Coal Ltd. after ArcelorMittal boosted its stake in the ...
30 Jun 2008 22:12

Qantas, Engineers Postpone Talks on Pay Until July 2 (Update1) : Qantas Airways Ltd., Australia's biggest airline, and its labor union have postponed a meeting to discuss a clash over pay until July 2, extending a dispute that's left hundreds of flights ...
30 Jun 2008 22:00

TD Securities' Australian Inflation Index Accelerates to 4.8% : An index measuring Australian inflation rose in June as fuel and rental costs surged, reinforcing expectations the central bank will keep borrowing costs at a 12-year high. Consumer prices surged 4.8 percent from a year earlier, breaching the 3 percent limit of the Reserve Bank of Australia's inflation target, according to a monthly gauge released by TD ...
30 Jun 2008 21:40

25 Jun 2008 14:02

Australian, N.Z. Dollars Rise as Fed May Delay Raising Rates : The Australian and New Zealand dollars climbed on speculation the Federal Reserve will delay raising interest rates, maintaining the yield advantage offered by the two South Pacific nations. ...

Australia Sugar Exports May Be Reduced By Mill Outage (Update1) : Sugar exports from Australia, the world's third-largest shipper, may be crimped by the closure of a CSR Ltd. mill in Queensland state. CSR may need as long as 14 weeks to replace a damaged tank at its Pioneer mill, said Ian Ballantyne, chief executive officer of industry group Canegrowers, citing estimates from the ...
25 Jun 2008 13:53

25 Jun 2008 13:29

Macarthur Shares Drop After ArcelorMittal Talks End (Update2) : Macarthur Coal Ltd., the world's largest exporter of pulverized coal used in steelmaking, dropped the most in three months in Sydney trading after ArcelorMittal pulled out from takeover ...

Transurban, Babcock Power Tumble on Debt Concerns (Update1) : Transurban Group, Babcock & Brown Power and APN/UKA European Retail Property Group tumbled in Sydney after cutting dividends, fueling doubts about their debt- driven business models. ...
20 Jun 2008 11:55

20 Jun 2008 11:49

Australian, N.Z. Dollars Head for Weekly Gain on Rate Advantage : The Australian and New Zealand dollars headed for weekly gains on speculation the nations will maintain their interest-rate advantage over the U.S. as the Federal Reserve may delay ...

Rio, BHP May Share Pilbara Rail Network With Rivals (Update1) : Rio Tinto Group and BHP Billiton Ltd., the world's second and third-largest iron ore exporters, may have to share their rail networks in Australia's Pilbara region with competitors under a ...
10 Jun 2008 12:15

10 Jun 2008 12:08

Australian, New Zealand Dollars Slide on Intervention Comments : The Australian dollar fell the most in 11 weeks and New Zealand's currency slid to near a four-month low after U.S. Treasury Secretary Henry Paulson said he would ``never'' rule out ...

Australia's Home-Loan Approvals Drop for Third Month (Update2) : Australian home-loan approvals fell for a third month in April as buyers shunned the property market after borrowing costs rose to a 12-year high. The number of loans granted to people to build or buy homes or apartments slipped 3 percent, after March's revised 5.7 percent drop, the statistics bureau said in Sydney today. That was ...
10 Jun 2008 12:02

30 May 2008 19:49

Australia, N.Z. Dollars Decline This Week on Economic Concern : The Australian and New Zealand dollars fell this week on signs growth is slowing as prices of the commodities the two nations export declined. Australia's currency, known as the Aussie, fell from a 25- year high as the UBS Bloomberg Constant Maturity Commodity Index of 26 items dropped 3.5 percent, the biggest weekly decline ...

Fonterra Raises Milk Payout Forecast 77% on Drought (Update2) : Fonterra Cooperative Group Ltd., the world's biggest exporter of dairy products, forecast a 77 percent increase in its milk payment to farmers after drought in New Zealand slowed a decline ...
30 May 2008 19:32

30 May 2008 19:28

BG Drops to One-Month Low After Origin Rejects Bid (Update1) : BG Group Plc, the third-biggest U.K. natural-gas company, fell to a one-month low in London trading after Origin Energy Ltd., Australia's biggest producer of gas from coal seams, rejected ...

Boart Longyear Shares Rise on Higher Sales Forecast (Update2) : Boart Longyear Ltd., a provider of drilling services to mining companies including BHP Billiton Ltd., rose by the most in almost three months in Sydney trading after lifting its full-year ...
30 May 2008 19:25

Australian Borrowing Rises by Least in Seven Years (Update1) : Lending to Australian consumers and businesses by banks and other financial institutions grew in April by the least since July 2001, amid the highest borrowing costs in 12 years. ...
30 May 2008 19:25

General Electric May Sell Its Wizard Australian Unit (Update2) : General Electric Co., selling consumer finance businesses after quarterly earnings fell for the first time in five years, may divest a mortgage unit in Australia as loan growth slows after ...
27 May 2008 19:52

ABB Grain Climbs After Raising Annual Profit Forecast (Update1) : ABB Grain Ltd., Australia's largest barley exporter, rose the most in three months in Sydney trading after increasing its annual profit forecast. ABB Grain jumped 8.4 percent at the 4:10 p.m. market close, making it the best performer on Australia's benchmark S&P/ASX 200 Index. Profit may climb to between A$33 million ($32 ...
27 May 2008 19:46

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