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Apr 5, 2011

Financial & Forex Info | The Australian Business Briefing: ASX counts the cost of politics








Australian Business update for Wed Apr 06 08:51:56 EST 2011
 
ASX counts the cost of politics
ASX counts Tracy Lee MARKET watchers fear the Australian Securities Exchange may miss out on a wave of international exchange consolidation.
Gold price strikes new record high
gold bullion Matt Whittaker GOLD has surged to a record high and silver hit a new 31-year peak as safe-haven demand trumped a Chinese interest rate increase.
Unions vow guerilla war on Qantas
Unions vow EXCLUSIVE Ewin Hannan, Industrial editor UNIONS are threatening to wage a campaign of "guerilla warfare" against Qantas operations around the world if the airline uses managers in the event of a strike.
$A pressured by China rate hike
Australian dollars Erin McCarthy CHINA'S surprise hike in interest rates pressured some commodity currencies sensitive to global growth, including the Australian dollar.
False start: falling markets hurt
Nest egg Gillian Bullock VOLATILE markets following the wave of natural disasters have many retirees worried about whether their money is invested properly.
Economists predict year-end rate rise
RBA Scott Murdoch THE Reserve Bank is expected to keep interest rates on hold until later this year after saying inflation is under control.
Inflation expectations worry US Fed
petrol Jeffrey Sparshott and Jeff Bater FED officials judge that the US economy is gaining traction, but highlight the potential negative impact of rapidly rising commodity prices.
Woolworths' inside job gets thumbs up
Grant O'Brien Blair Speedy INVESTORS have cautiously welcomed the announcement of Woolworths next chief executive, Grant O'Brien.
Financial Markets
SEC proposes 'flash crash' safeguard
share market Jessica Holzer US stock exchanges have proposed new permanent safeguards to prevent the type of wild price swings that occurred in last year's "flash crash".
$A pressured by China rate hike
Wall St dips on Boeing and GE
Financial Markets Coverage
Mining & Energy
Allied raises $95m for Simberi mine
Gold mine Peter Evans ALLIED Gold has raised 60.1 million pounds ($94.8m) through a placement to institutional and sophisticated investors.
Oil markets diverge on supply risks
Gold price strikes new record high
More Mining & Energy Coverage


Financial & Forex Info | The Australian Business Briefing: ASX counts the cost of politics








Australian Business update for Wed Apr 06 08:51:56 EST 2011
 
ASX counts the cost of politics
ASX counts Tracy Lee MARKET watchers fear the Australian Securities Exchange may miss out on a wave of international exchange consolidation.
 
Gold price strikes new record high
gold bullion Matt Whittaker GOLD has surged to a record high and silver hit a new 31-year peak as safe-haven demand trumped a Chinese interest rate increase.
 
Unions vow guerilla war on Qantas
Unions vow EXCLUSIVE Ewin Hannan, Industrial editor UNIONS are threatening to wage a campaign of "guerilla warfare" against Qantas operations around the world if the airline uses managers in the event of a strike.
 
$A pressured by China rate hike
Australian dollars Erin McCarthy CHINA'S surprise hike in interest rates pressured some commodity currencies sensitive to global growth, including the Australian dollar.
 
False start: falling markets hurt
Nest egg Gillian Bullock VOLATILE markets following the wave of natural disasters have many retirees worried about whether their money is invested properly.
 
Economists predict year-end rate rise
RBA Scott Murdoch THE Reserve Bank is expected to keep interest rates on hold until later this year after saying inflation is under control.
 
Inflation expectations worry US Fed
petrol Jeffrey Sparshott and Jeff Bater FED officials judge that the US economy is gaining traction, but highlight the potential negative impact of rapidly rising commodity prices.
 
Woolworths' inside job gets thumbs up
Grant O'Brien Blair Speedy INVESTORS have cautiously welcomed the announcement of Woolworths next chief executive, Grant O'Brien.
 
Financial Markets
SEC proposes 'flash crash' safeguard
share market Jessica Holzer US stock exchanges have proposed new permanent safeguards to prevent the type of wild price swings that occurred in last year's "flash crash".
 
$A pressured by China rate hike
Wall St dips on Boeing and GE
 
Financial Markets Coverage
 
Mining & Energy
Allied raises $95m for Simberi mine
Gold mine Peter Evans ALLIED Gold has raised 60.1 million pounds ($94.8m) through a placement to institutional and sophisticated investors.
 
Oil markets diverge on supply risks
Gold price strikes new record high
 
More Mining & Energy Coverage


Financial & Forex Info | The Australian Capita Circle: Julia and Kevin head-to-head in Queensland




Capital Circle Newsletter

Julia and Kevin head-to-head in Queensland
 
As the ASX takeover looks set to fail, Julia Gillard is still being dogged by questions about former Prime Minister Kevin Rudd.

uThe PM's diary: Julia Gillard is in Queensland again today, visiting the electorate of Oxley with local MP Bernie Ripoll. She will be on radio this morning and is likely to hold a press conference later today.
Tony Abbott is on day five of the Pollie pedal. Today he will ride from Armidale to Walcha, a distance of about 65km.
The name's Kevin: Kevin Rudd is also north of the border today, welcoming a massive contingent of diplomats to the Sunshine state at the State Library in Brisbane. The diplomats have come to explore investment and business opportunities in the state.
Reshuffle: Congratulations to Chris Johnson, the Canberra Times' new chief political correspondent. After stints at the West Australian and Essential Media Communications, Johnson has earned his promotion. The paper's former chief political correspondent Danielle Cronin is said to be moving back to head office as a senior writer. And we hear there may be more movement at the bureau, which is looking to bulk up.
Grilled: Liberal education spokesman Christopher Pyne is addressing the National Press Club today.
The release of former Finance Minister Lindsay Tanner's book Sideshow is just around the corner.
***Sign up to Capital Circle. Tip-off Capital Circle***
The Australian leads its front page with a report Wayne Swan has sunk the $8.4bn ASX takeover by Singapore. It also reports Kevin Rudd's determination to defend his climate change legacy could compromise Julia Gillard's ability to sell her carbon tax, and that a factional brawl has erupted <
Read more

ABC News Australia | Business News: Economy flat as technical recession hits.




Economy flat as technical recession hits
Figures released today show the West Australian economy is struggling and the state was technically in a recession in the six months to December.

Mining expo showcases 'optimistic attitude'
A record number of exhibitors have set up stalls at this year's mining expo in Mount Isa in north-west Queensland
.
Ten tight-lipped on Bolt show
Channel Ten will not confirm or deny reports conservative columnist Andrew Bolt has made a pilot for a Sunday morning talk show for the network.

More Business Stories >