Showing posts with the label FINANCIAL AND FOREX INFO NEWS :The Australian Business Briefing

Ireland concedes on massive EU bailout | F & F I N | The Australian Business Briefing

FINANCIAL & FOREX INFO NEWS Fri Nov 19 12:30:53 EST 2010 Ireland concedes on massive EU bailout Quentin Fottrell TOP Irish government officials acknowledged for the first time that the country is grudgingly edging toward a massive international bailout. QR to be priced at bottom of range Michael Bennet THE institutional bookbuild for the QR National float is set to be priced at the bottom end of the range at $2.50 a share. Telstra eyes Christmas deal on NBN Lyndal McFarland TELSTRA says talks on its planned $11 billion deal with NBN Co are progressing well and it could have a draft agreement by Christmas. Karoon withdraws $700m public offer Michael Bennet KAROON Gas has pulled the $700 million IPO of its South American assets due to "unfavourable financial market conditions". GM on the road to success, says Obama UPDATE: Jared Favole and Lynn Cowan BARACK Obama hailed today the resurgence of General

ASX tumbles 1.6pc as dollar retreats | F & F I N | The Australian Business Briefing

FINANCIAL & FORE X INFO NEWS ASX tumbles 1.6pc as dollar retreats Enda Curran STOCKS closed deep in the red today as the Australian dollar shed more than US1c amid uncertainty over the size of Ireland's bailout.   'Yuan should become reserve currency' Dinny McMahon THE yuan should become a reserve currency, an ex-central banker said, and the IMF should now include it in its basket of currencies.   EU plans up to $138bn Ireland bailout UPDATE: Marcus Walker, Patrick McGroarty and Charles Forelle SENIOR European officials have laid the groundwork for a bailout of Ireland that could reach 100 billion euros ($138 billion).   Qantas A380s may idle for weeks UPDATE: Steve Creedy, Aviation writer QANTAS may wait till December before its Airbus A380s fly again, while Singapore Airlines has returned its 11-strong fleet to service.   WAN posts 2.6pc 1Q net profit lift AAP WEST Australian Newspapers H