Translate

Search This Blog

Search Tool




Apr 2, 2012

Financial and Forex Info News | The Australian Business Briefing: OneSteel to become Arrium






Australian Business update for Tuesday, 03 April 2012


OneSteel to become Arrium
David Winning ONESTEEL today unveiled plans to change its name to Arrium, as part of a move away from a brand that identifies with an ailing sector.

Palmer takes 4pc stake in Central
Matt Chambers CLIVE Palmer is understood to have taken a 4 per cent-plus stake in onshore oil explorer Central Petroleum.

Budget surplus may hurt economy
James Glynn COMPANY directors have warned Treasurer Wayne Swan that a rapid return to a budget surplus could harm the economy.

Metcash slashes 478 jobs
Blair Speedy THE grocery wholesaler that owns the Franklins chain cut 478 jobs as it prepared for ongoing difficult trading conditions.

Aquila offloads Isaac coal stake
David Winning AQUILA Resources sold its 50 percent interest in the Isaac Plains coal mine in Queensland to Japan's Sumitomo for PEN1,146 million.

Transfield to update on profit
Ross Kelly TRANSFIELD investors face a nervous wait after the company halted trading in its shares ahead of an earning guidance update.

Coty's bid for Avon on the nose
David Robertson THE creator of Beyonce and Lady Gaga perfumes has made an approach for Avon to create one of the world's largest beauty groups.

China to boost domestic consumption
Rose Yu and Yajun Zhang CHINA can maintain solid long-term growth, its Vice-Premier said, attempting to boost global confidence amid its economic slowdown.


Financial Markets

Sharemarket up before RBA call
Virginia Harrison THE sharemarket was higher by early afternoon as miners and banks rose ahead of an interest rate decision by the Reserve Bank.

Stocks follow Wall Street higher
Dollar up on US factories


Financial Markets Coverage



Mining & Energy

OneSteel to become Arrium
David Winning ONESTEEL today unveiled plans to change its name to Arrium, as part of a move away from a brand that identifies with an ailing sector.

Surprise as Isaac Plains sold
Palmer takes 4pc stake in Central


More Mining & Energy





01:01pm Report slams Aust Network tender process
01:00pm Mincor Resources presents at ASX ...
12:57pm Sharemarket slightly higher at midday
12:54pm ASIC fends off dark pools move
12:46pm Zijin sees Norton springboard
12:43pm Norton shares jump on Chinese takeover
12:41pm Unions stick to plan to ramp up BMA action
12:41pm Deep pockets myth dispelled
12:26pm Metcash slashes 478 jobs
12:23pm Retail sales rise to nudge PEN56bn
12:20pm BT Wrap Advantage - Fund Manager ...
12:05pm OneSteel switches name to Arrium
12:05pm OneSteel to become Arrium
12:04pm Retail trade rose 0.2pc in February
12:02pm Sharemarket up before RBA call


More Business Breaking News