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Apr 11, 2012

Financial and Forex Info News | The Australian Business Briefing Update: Inflation outlook may lift rates.

Australian Business update for Thursday, 12 April 2012

Inflation outlook may lift rates
James Glynn A SHARP rise in inflation expectations in Australia during April could erode the case for lower interest rates in coming months.

Jobs growth a 'reality check'
Rachel Pannett A STEADY unemployment rate and 44,000 new jobs were a "reality check" for markets that had forecast four rate cuts by the end of the year.

Ten posts 70pc profit plunge
Gavin Lower TEN Network Holdings' first-half net profit plunged 70 per cent on year, reflecting tough conditions in the advertising market.

Union denies strike role in mine closure
Ben Packham THE miners' union says its industrial campaign at a Queensland coal pit has nothing to do with BHP Billiton's decision to close the operation.

Gas glut breaks price barrier
Dan Strumpf and Jerry A. DiColo US gas futures fell below $US2 a million BTU for the first time since January 2002 and are down 52pc in the past year.

Seven buys Bucyrus units
Ross Kelly SEVEN said that its WesTrac unit had bought Bucyrus distribution and support businesses from Caterpillar for $388m.

APN pursues growth in greater outdoor
Sally Jackson APN has won shareholder approval of its plans for its existing out-of-home advertising business, APN Outdoor.

Japanese offer a mine tax preview
Sarah-Jane Tasker A FIRST look at the impact of the mining tax on Australia's major miners could be available next month.

Financial Markets

Shares up for first day in five
Sarah Turner AUSTRALIAN shares advanced today, helped by signs of easing pressure on government finances in Spain and Italy and some benign local data.

Shares up as Europe fears ease
Gas glut breaks price barrier

Financial Markets Coverage

Mining & Energy

Palmer fails to stop Central
Matt Chambers QUEENSLAND billionaire Clive Palmer has failed to stop an institutional share placement by oil and gas explorer Central Petroleum.

Union denies strike role in mine closure
Coalworks shrugs off WHC talk

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12:45pm Aussie shares move higher at midday
12:44pm Jobs growth a 'reality check'
12:37pm Sharp wit slices razor market
12:33pm Power bills to soar on carbon tax - Abbott
12:18pm Coalition to save $1bn from red tape cuts
12:17pm Shares up for first day in five
12:05pm Blade life, shaving's cutting edge
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11:53am Jobless rate holds at 5.2pc
11:37am Economy adds 44,000 jobs
11:21am Inflation outlook may lift rates

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