Market expected to open weaker
ABC - Monday May 12, 09:34 AM
The Australian sharemarket is expected to start the week lower after falls on US and European markets on Friday.

Bluescope on track for stronger 2nd half
AAP - Monday May 12, 09:32 AM
Bluescope Steel says it's on track for a 2008 second half stronger than the first half.

Westpac approaches St George over merger
AAP - Monday May 12, 09:16 AM
Westpac Banking Corporation has approached St George Bank about a proposed merger between the two.

Fuel prices hit record high in Perth
ABC - Monday May 12, 09:00 AM
Perth petrol prices have spiked today with 13 BP service stations selling unleaded fuel at $1.55 a litre today.

BG Group given month for Contact offer
AAP - Monday May 12, 08:14 AM
The bidder for Origin Energy has received a Takeovers Panel exemption from having to make any immediate takeover offer for Contact.

China forms company to make jumbo jets
AAP - Monday May 12, 08:05 AM
China has established a company to build regional commercial jets, with an eye to eventually reducing the country's reliance on Boeing and Airbus.

Korean, Japanese firms win contracts for Kuwaiti refinery
AFP - Monday May 12, 03:27 AM
KUWAIT CITY (AFP) - Four South Korean and a Japanese firm were on Sunday declared winners of four major contracts worth billions of dollars to build a new refinery in Kuwait, an oil official said.

Qatar signs deals to build bln dlr power plant
AFP - Monday May 12, 03:26 AM
DOHA (AFP) - Gas-rich Qatar on Sunday signed a series of deals to build a 3.8-billion-dollar (2.

French autoparts maker Faurecia to open Czech exhaust plant
AFP - Monday May 12, 03:18 AM
PRAGUE (AFP) - French auto components multinational Faurecia will open a 20 million euro (30.

John Elkann, 32, to become new czar of Italy's Fiat dynasty
AFP - Monday May 12, 03:08 AM
MILAN (AFP) - The Agnelli dynasty will crown the new czar of the Fiat automotive empire on Tuesday when John Elkann, scion of the family known as "Italy's Kennedys," takes over at the tender age of 32.

High oil prices will break some airlines: Ryanair boss
AFP - Monday May 12, 01:46 AM
BERLIN (AFP) - The current record highs in oil prices will force some airlines into bankruptcy, the outspoken chief executive of budget airline Ryanair told a German newspaper on Sunday.

East Link 5 months ahead of schedule
ABC - Sunday May 11, 08:35 PM
Melbourne's $2.5 billion East Link will open to traffic five months early, on June 29.