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Apr 16, 2012

Financial and Forex Info News | The Australian Business Business Update: nflation key to rate cut: RBA





Australian Business update for Tuesday, 17 April 2012


Inflation key to rate cut: RBA
Scott Murdoch THE RBA flagged that a rate cut was likely next month if inflation was soft, in a bid to kick-start activity across the economy.

Homes sector stalls: survey
GROWTH in the residential property sector has stalled, a survey showed, and small advances are expected in the next two years.

NBN laws 'busted', says Internode
Mitchell Bingemann LEGISLATION designed to protect the NBN from competitors was "busted" and a threat to innovation, Internode's CEO said today.

Rigby to quit James Hardie
Ross Kelly NIGEL Rigby, the head of James Hardie's US unit, will leave the building materials company effective June 30.

Apple drops 4pc on bubble fears
Rex Crum and Kate Gibson APPLE stock fell 4pc to close at $US580.13, capping five days of falls for the world's most valuable company.

PwC admits Centro negligence
Sarah Danckert FORMER Centro auditor PWC has admitted negligence during the class action claim levelled against the firm.

US sale enables Dexus buyback
Bridget Carter DEXUS Property Group will launch a $200 million share buyback after Blackstone agreed to buy 65 US industrial properties.

Thumbs up for China yuan move
Scott Murdoch CHINA'S move to widen the trading bracket of the yuan has been applauded as a major step towards vital market reform.


Financial Markets

Stocks hold to slim gains
Virginia Harrison SHARES made broad-based gains this afternoon after the RBA said inflation data would dictate the timing of the next rate cut.

Stocks edge up with healthcare
Dollar up on higher risk appetite


Financial Markets Coverage



Mining & Energy

SouthGobi warns on Mongolia halt
Judy McKinnon SOUTHGOBI Resources stock tumbled overnight after it said Mongolia had halted activity at its flagship coal mine Ovoot Tolgoi.

Argentina expropriates YPF
Go-ahead for $5bn coal giant


More Mining & Energy





01:12pm Aussie sharemarket up on US news
01:03pm Castlemaine shares up on foreign takeover
01:03pm PWC in the glare of justice
12:48pm Aussie dollar quiet after RBA minutes
12:36pm Trust Co lauds Guardian buy
12:31pm Toyota treatment a concern - Swan
12:30pm Homes sector stalls: survey
12:27pm New vehicle sales rise in March
12:20pm Stocks hold to slim gains
12:00pm The Trust Company FY12 Financial ...
11:48am YouTube to show MGM movies
11:46am American to lead World Bank again
11:45am Slow demand could lead to rate cut: RBA
11:41am Inflation key to rate cut: RBA
11:25am Residential property demand to pick up


More Business Breaking News