Buffett gives $A1.5 billion to charity
US billionaire Warren Buffett has donated $US1.25 billion ($A1.58 billion) in Berkshire Hathaway Inc stock to the Bill & Melinda Gates Foundation.The gift is the third instalment in Buffett's...
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Friday July 3, 2009, 12:55 pm
Victor Smorgon dead at the age of 96
Victor Smorgon, one of Australia's most successful entrepreneurs and the former head of one of the country's most diverse industrial groups, has died in Melbourne.Mr Smorgon, 96, was the head...
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Friday July 3, 2009, 12:52 pm
Vehicle market shows signs of recovery
New car and truck sales topped 100,000 in June as the Australian vehicle market showed tentative signs of recovery.The Federal Chamber of Automotive Industries (FCAI) said on Friday 102,847 vehicles...
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Friday July 3, 2009, 12:26 pm
GM bankruptcy exit hearing closes
The fate of General Motors (GM) has been placed in the hands of a New York judge who must decide whether the largest US carmaker can execute a swift exit from bankruptcy protection by selling its...
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Friday July 3, 2009, 11:23 am
BHP offloads Yabulu nickel factory
BHP Billiton Ltd will sell its Yabulu nickel refinery in Queensland for an undisclosed sum and will book $US675 million ($A853.57 million) in writedowns on the sale.BHP Billiton will writedown the...
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Friday July 3, 2009, 10:35 am
Services sector expands in May
Rising confidence among consumers helped lift activity in the services sector to expand for the first time in 15 months, a survey says.The Australian Industry Group-Commonwealth Bank of Australia...
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Friday July 3, 2009, 9:54 am
Rio seeks subscribers for rights issue
Rio Tinto has requested a trading halt on its shares as it seeks subscribers for a shortfall in its Australian rights issue.Rio said on Friday it had attracted 94.76 per cent take up of the new...
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Friday July 3, 2009, 8:36 am
Global economy precarious: World Bank
The world economy is still in a precarious position despite signs of recovery, World Bank President Robert Zoellick said.Unemployment is still rising and trade restrictions are a constant threat,...
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Friday July 3, 2009, 8:07 am
Territory, financiers reach agreement
Ailing iron ore miner Territory Resources Ltd has reached a standstill agreement with its financiers to allow it to restructure its $72 million debt.The miner said it had negotiated an agreement with...
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Friday July 3, 2009, 7:22 am
Oil prices slide on weak US jobs report
Oil prices sank under $US67 dollars a barrel on Thursday after weak jobs data quashed hopes of a speedy economic recovery in the United States, which is the world's top energy consumer.New...
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Friday July 3, 2009, 7:07 am
Eurozone unemployment hits 10-year high
The unemployment rate in the 16 euro countries climbed to a 10-year high of 9.5 per cent in May as companies cut jobs to survive Europe's worst post-war recession, according to EU data on...
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Friday July 3, 2009, 6:44 am
ECB keeps interest rate steady
The European Central Bank has kept its main interest rate steady at a record low of 1.0 per cent on Thursday as ECB chief Jean-Claude Trichet downplayed a threat of deflation gutting the eurozone.The...
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Friday July 3, 2009, 6:44 am
US unemployment rate hits 9.5%
US employers shed 467,000 jobs in June, pushing the unemployment rate up 0.1 points to 9.5 per cent, the Labour Department reported on Thursday.The report, one of the best indicators of economic...
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Friday July 3, 2009, 6:43 am
US unemployment edges up to 9.5%
US employers shed 467,000 jobs in June, pushing the unemployment rate up 0.1 points to 9.5 per cent, the Labour Department reported.The report, one of the best indicators of economic momentum,...
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Thursday July 2, 2009, 11:03 pm
Santos buys stake in Eastern Star
Santos Ltd has taken a large stake in New South Wales-based coal seam gas (CSG) explorer and producer Eastern Star Gas Ltd but has ruled out a takeover.It has also acquired additional CSG acreage in...
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Thursday July 2, 2009, 8:20 pm
