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Oil price hits record high 126.98 dollars
LONDON (AFP) - The price of crude oil struck a record high 126.98 dollars a barrel on Tuesday despite expectations of slower demand growth for crude, traders said........
AFP Business News- Wednesday May 14, 2008, 2:01 am
US retail sales drop as Americans put brake on SUV purchases
WASHINGTON (AFP) - US retail sales declined 0.2 percent in April, as consumers put a brake on purchases of fuel-guzzling sport utility vehicles, a government report showed Tuesday.A steep d.......
AFP Business News- Wednesday May 14, 2008, 1:22 am
Retailer Wal-Mart profit beats forecasts, outlook cautious
NEW YORK (AFP) - Wal-Mart Stores, the world's biggest retailer, reported Tuesday modestly better than expected quarterly earnings but expressed caution amid a struggling US economy.Net inco.......
AFP Business News- Wednesday May 14, 2008, 1:04 am
Computer giant HP to buy EDS for $13.9 bln
SAN FRANCISCO (AFP) - Hewlett-Packard Co. announced plans Tuesday to buy Electronic Data Systems in a tie-up that creates a global powerhouse in computer services to compete against IBM.The.......
AFP Business News- Wednesday May 14, 2008, 1:00 am
Airbus announces new delays to A380 programme
PARIS (AFP) - European aviation giant Airbus admitted on Tuesday it would fall short of planned deliveries until 2010 of its troubled A380 superjumbo in a fresh setback for the world's biggest pas.......
AFP Business News- Wednesday May 14, 2008, 12:29 am
Budget impresses welfare, infrastructure groups
The Rudd Government's first Budget has received a warm welcome from infrastructure and welfare groups, but faces criticism over cuts to the public service and its environmental spending........
ABC- Wednesday May 14, 2008, 12:00 am
Financial conditions better, still far from normal: Bernanke
WASHINGTON (AFP) - Federal Reserve chairman Ben Bernanke said Tuesday financial markets are still "far from normal" but have improved as a result of the extraordinary liquidity measures .......
AFP Business News- Tuesday May 13, 2008, 11:33 pm
EastLink criticised for 'made in China' guard rails
A group representing the steel industry has accused the company constructing Melbourne's EastLink freeway of using imported products that do not meet VicRoads standards. The $2.5 b.......
ABC- Tuesday May 13, 2008, 11:22 pm
Hopes hot rocks will power town by year's end
A company hoping to develop geothermal technology says it expects to build its first hot rock power station by the end of the year. Geodynamics has been drilling in the remote norther.......
ABC- Tuesday May 13, 2008, 11:01 pm
Infrastructure group applauds investment funds
The deputy chairman of Infrastructure Partnerships Australia, Christopher Brown, has welcomed the Government's three new investment funds announced in Tuesday night's Federal Budget. I.......
ABC- Tuesday May 13, 2008, 10:43 pm
St George CEO admits jobs will go
St George Bank has acknowledged there will be job losses as a result of its merger with Westpac. The bank has approved Westpac's merger offer of 1.31 Westpac shares for every St George.......
ABC- Tuesday May 13, 2008, 10:16 pm
Three new funds set up to absorb surplus
Business has given the Rudd government's first budget the thumbs up, saying its hoarding of budget surpluses into specific infrastructure funds will support the economy into the future.F.......
AAP- Tuesday May 13, 2008, 10:00 pm
Economists salute Swan's budget
The federal government has delivered a record surplus for 2008/09 but its growth outlook may be too low because spending cuts are unlikely to take much heat out of the economy, economists said........
AAP- Tuesday May 13, 2008, 9:57 pm
Business groups give budget thumbs up
The federal budget will help reduce interest rates, be good for the economy and increase confidence in financial markets, business groups say.The Investment and Financial Services Associatio.......
AAP- Tuesday May 13, 2008, 9:56 pm
Mineral exports expected to grow
The export of metals and minerals is expected to grow in the coming financial year as mining projects expand or start production to capture demand from the urbanisation and industrialisation of eme.......
AAP- Tuesday May 13, 2008, 9:38 pm

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