Perpetual braces for more court action
Fund manager Perpetual Ltd says it may face further court action after its opponents moved to appeal a recent UK court decision that could ultimately affect billions of dollars.Perpetual Trustee...
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Sunday November 8, 2009, 5:04 pm
APEC summit sees US-China reversal
In the 20 years since its launch, the Asia-Pacific's top economic grouping has witnessed a stunning realignment with China on the march and the United States mired in crisis.President Barack...
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Sunday November 8, 2009, 5:03 pm
Westpac to introduce 'green loans'
Westpac Banking Corporation is set to introduce interest free "green loans" worth up to $10,000.The company on Sunday said the loans support the Australian Government Green Loans Program...
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Sunday November 8, 2009, 2:37 pm
Survey shows shock drop in job ads
Job ads have dropped for the first time in three months signalling employment growth may be slowing down, according to a survey.The Olivier Job Index, which gauges the number of vacant jobs...
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Sunday November 8, 2009, 12:41 pm
UK PM urges financial transactions tax
British Prime Minister Gordon Brown has called on the G20 here on to consider a tax on financial transactions among other measures to make banks more accountable to society.Brown told G20 finance...
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Saturday November 7, 2009, 11:09 pm
US jobless rate hits 10.2%
The jump in US unemployment above 10 per cent for the first time since 1983 will pressure President Barack Obama to find additional stimulus to keep a fragile economic recovery on track, analysts...
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Saturday November 7, 2009, 3:50 pm
Prius top car in Japan for sixth month
Toyota's popular Prius hybrid was the top-selling car in Japan in October for the sixth straight month, helped by tax breaks and government subsidies for environmentally friendly vehicles, an...
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Saturday November 7, 2009, 11:10 am
Freddie Mac loses $US6.3b in Q3
US mortgage finance giant Freddie Mac said on Friday it lost $US6.3 billion ($A6.91 billion) for shareholders in the third quarter but would not seek any additional bailout funds from the...
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Saturday November 7, 2009, 10:24 am
Oil prices fall on US unemployment data
Oil prices tumbled on Friday after the government said the US unemployment rate topped 10 per cent for the first time since 1983.Benchmark crude for December delivery gave up $2.74 to trade at $76.88...
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Saturday November 7, 2009, 7:54 am
US sanctions target Iran bank subsidiary
The US has imposed sanctions on the Malaysian subsidiary of Iran's Bank Mellat, saying it helped finance "proliferators of weapons of mass destruction".The Treasury Department named the...
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Saturday November 7, 2009, 7:23 am
Economic recovery signals strong: OECD
Green shoots of recovery are beginning to look like strong sapplings of growth, with indicators pulling strongly ahead in China, Britain, France and Italy the OECD said on Friday."A recovery is...
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Saturday November 7, 2009, 7:14 am
Gold price hits new record at $US1100
The price of gold hit a record high above $US1100 ($A1207) an ounce in trading on Friday following a report that Sri Lanka had joined India in buying the precious metal in favour of US...
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Saturday November 7, 2009, 6:40 am
AIG posts profit of $US455 million
Bailed-out insurance giant AIG has announced a third-quarter profit of $US455 million ($A499.3 million), a huge turnaround from a $US24.4 billion ($A26.8 billion) loss in the same period last...
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Saturday November 7, 2009, 6:38 am
Royal Bank of Scotland cites sharp loss
Royal Bank of Scotland reported a net quarterly loss of STG1.8 billion ($A3.28 billion) on Friday and said it expected a slow recovery, despite massive state support.The announcement comes just days...
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Saturday November 7, 2009, 6:14 am
Canadian unemployment rises to 8.6%
The Canadian unemployment rate rose to 8.6 per cent in October, the first rise in two months, as the economy shed 43,000 part-time jobs, official data showed on Friday.Statistics Canada said the rise...
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Saturday November 7, 2009, 6:02 am
