Saturday, November 21st, 2009

National

Gunns looks to buy Great Southern assets

Gunns looks to buy Great Southern assets

Woodchipper says it is in final negotiations to takeover certain forestry managed investment schemes.

  • Currency strategist calls parity for Aussie dollar

    The already overvalued Australian dollar will reach parity with the US dollar in the next six to 12 months and peak at about $US1.02-03, a currency strategist says.

    November 20, 2009, 11:35 am
  • Market still lower mid-morning

    The Australian stock market was more than one per cent lower mid-morning, with the major miners and financial sectors weaker.

    November 20, 2009, 9:26 am
  • Sims well placed for recovery, assures CEO

    Sims Metal Management group chief executive Daniel Dienst says the company has come through the downturn well due to "fiscal prudence" and now is well placed to capitalise on the recovery in the global economy.

    November 20, 2009, 8:25 am
  • Macquarie Radio tips 31pc earnings growth

    Macquarie Radio Network, which owns Sydney radio stations 2GB and 2CH, says its performance this year was significantly better than 2008/09, and should lead to full-year earnings growth of 31 per cent.

    November 20, 2009, 8:01 am
  • MAp sees passenger numbers increase

    Sydney Airport's passenger numbers have improved for the third month in a row, its largest owner MAp Airports says.

    November 20, 2009, 7:47 am
  • Market tracks Wall St lower at open

    The Australian share market has followed Wall Street lower at the open with losses across the board.

    November 20, 2009, 7:26 am
  • Great Southern bidders riled by Gunns selection

    UPDATE 1.45pm: Rivals seeking the right to manage the forestry assets of failed agricultural projects group Great Southern are disappointed woodchipper Gunns is favoured to take over as the responsible entity for some of the Great Southern forestry schemes.

    November 20, 2009, 7:20 am
  • ANZ to sell custodian service to JP Morgan

    ANZ will sell its custodian services business to US Banking giant JP Morgan as the Australian lender moves to focus on its core markets in the Asia Pacific.

    November 20, 2009, 6:50 am
  • Sims to raise $475m for acquisitions

    Sims Metal Management has announced a $475 million capital raising to fund a growth strategy.

    November 20, 2009, 6:45 am
  • Moody's reviews CBA hybrid securities

    Commonwealth Bank says ratings agency Moody's Investors Service has placed about $9.5 billion of the lender's hybrid securities under review for a possible downgrade.

    November 20, 2009, 6:28 am
  • Share market tipped to fall

    Australian shares are likely to slump after US equities fell on a stronger dollar and more signs of a subdued US economic recovery.

    November 20, 2009, 6:23 am
  • Australia outperforming the world: Swan

    The latest OECD Economic Outlook provides further evidence that Australia is outperforming the rest of the advanced world, Treasurer Wayne Swan says.

    November 20, 2009, 3:26 am
  • Market makes modest gain in quiet day's trade

    The Australian share market had made modest gains at the close during a quiet day's trade.

    November 19, 2009, 1:20 pm
  • Mirvac faces shareholder anger over directors' pay

    Mirvac Group management spent over an hour today defending to angry shareholders the property developer's plan to increase some directors' fees.

    November 19, 2009, 11:30 am
  • Brambles reports fall in first half revenue

    Brambles has reported a drop in revenue over the first four months of 2009/10 and says the improving economy is yet to translate into a pick-up in activity.

    November 19, 2009, 11:25 am
  • Market holds onto modest gains mid-morning

    The Australian stock market was slightly higher mid-morning on gains in both the resources and banking sector.

    November 19, 2009, 9:42 am
  • Amcor to raise $US850 in bond issue

    Packaging, paper and recycling company Amcor says it will raise $US850 million ($A918 million) by issuing fixed coupon notes to US private investors, allowing the company to diversify the sources of its $3.4 billion of net debt.

    November 19, 2009, 9:36 am
  • Aussies put more on plastic in September

    The total monthly value of credit and charge card transactions, including advances, rose by two per cent in September, new figures from the Reserve Bank of Australia show.

    November 19, 2009, 9:21 am
  • Average weekly earnings rise to $1200

    The average weekly wage in Australia is now $1200.60, after rising by 5.2 per cent in the year to August.

    November 19, 2009, 9:19 am

Tonight on 7 Perth and GWN

  • 6:30pm: Cars

    6:30pm: Cars

    Race car Lightning McQueen is living life in the fast lane until he hits a detour on his...

  • 8:30pm: Pirates of the Caribbean: Dead Man's Chest

    As Will and Elizabeth prepare to exchange vows, their wedding plans hit rough waters with the arrival of Jack Sparrow.

  • 12:00pm: Darkness

    A chilling tale of a family whose life forever changes when they move into a new home with an ancient secret.

Opinion

  • Jason Jordan, Tech Blogger

    November 11, 2009, 1:26 pm
    The NBN: Not Bloody Necessary

    If you're using Australia's largest internet service provider, Telstra Bigpond, for your access to the internet, you're probably still connecting at less than 2Mbit. And chances are, your upload speed is limited to less than 1Mbit....

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