Latest market news
Toyota to expand recall of Tundra
Toyota will expand a recall announced last year to fix Tundra utilities with frames that could rust and lead to spare tyres falling from the vehicle.Cathay Pacific returns to profit
Cathay Pacific returned to profit in 2009 as cost-cutting measures and bets on fuel prices helped Asia's No 3 carrier rebound from its biggest loss ever.Banks keep gains from card customers
Movements on credit card interest rates over two years show banks have kept 85 per cent of the net benefit gained from the Reserve Bank interest rate cuts.NBN Co finds a home in Sydney
The company charged with rolling out the federal government's national broadband network has finalised the location of its Sydney offices.Greens slam new renewable energy body
The Australian Greens have slammed a new body designed to develop renewable energy in Australia.Stockland's St Kilda Rd site reaps $27m
Stockland says it has sold its St Kilda Road apartments development site in Melbourne for $27.5 million.China's February exports up 45.7%
China said February exports soared for a third straight month and at the fastest pace in three years, underlining its position as the world's leading exporter.Google's opens online store for business
Google will sell other business software makers' online services to try to fill product gaps and persuade more companies to rely on internet applications.US to be 10% solar powered by 2030
The United States could source 10 per cent of its electricity from solar power by 2030, a report said on Tuesday.ANZ OK for RBS' Taiwan, Singapore units
ANZ Banking Group says it has received regulatory approvals for its proposed acquisition of Royal Bank of Scotland's businesses in Singapore and Taiwan.Cazaly says Rhodes Ridge battle to go on
Cazaly Resources says its ongoing battle for control of the huge Rhodes Ridge iron ore deposit is unaffected by a court ruling that ousted a mining heavyweight.Alesco shares plunge on profit downgrade
Shares in Alesco Corporation plunged more than 30 per cent during trading after the building and household products firm downgraded its profit forecast.Orica says court loss will cost it $92m
Orica Ltd says defeat of an appeal in the Federal Court against an amended tax assessment will cost it a further $92 million.US experts probe runaway Toyota Prius
US investigators have launched a probe into a runaway Toyota Prius in California in a case that threatens to undermine Toyota's efforts to repair its image.East Africa new frontier for oil
East Africa has become a promising new frontier for oil exploration and major multi-nationals are jostling for the rights to search for black gold.Companies lose billions from poor safety
Companies lose about 10 per cent of their turnover as a result of poor safety, costing billions in lost production and flow-on effects, a leading academic says.AMP appoints new infrastructure head
AMP Capital Investors has appointed Boe Pahari as head of infrastructure Asia Pacific, to lead its infrastructure investment team.RBA says labour market strong
The Australian labour market is "quite strong", a senior Reserve Bank of Australia (RBA) official says.Australia's youth bore brunt of downturn
Australia's youth bore the brunt of the financial downturn, while older workers experienced relative increases in salaries and job stability, a survey shows.Five banks to manage QR National IPO
The Queensland government has appointed five banks to manage its multi-billion dollar float of the QR National freight and infrastructure servicing business.Housing finance fall may stop rate hikes
A larger than expected fall in housing finance commitments could stay the Reserve Bank's hand and spare borrowers another interest rate rise, economists say.Bendigo to issue new securities
Bendigo and Adelaide Bank Ltd has announced a new issue of residential mortgage backed securities.Seek lifts stake in Malaysian business
Online jobs agency Seek Ltd has increased its presence in Asia after paying $23.5 million to more than double its stake in a Malaysia-based jobs website.Consumer confidence holds steady: survey
The Reserve Bank of Australia's (RBA) decision to raise interest rates in this month has failed to dent consumer confidence, a report says.Aurox and Atlas agree to merge
Aurox Resources Ltd and Atlas Iron Ltd have agreed to merge via a scheme of arrangement.Adamus Resources hopes to raise $30.5m
Adamus Resources Ltd plans to raise up to $30.5 million in a new share sale to accelerate exploration activities at a gold mine in Ghana.Macmahon shares in trading halt
The shares of Macmahon Holdings Ltd have been placed in a trading halt as the engineering firm enters the final negotiations for a contract.NZ terms of trade up 5.7% in Dec quarter
New Zealand's terms of trade rose an unexpectedly strong 5.7 per cent in the December quarter, as dairy product export prices.Economic capacity need improvement: RBA
Australia's economic future will be challenged by an under-supply of capacity and housing, the Reserve Bank of Australia (RBA) says.Aristocrat chairman to step down
Aristocrat Leisure Ltd chairman David Simpson is to leave the company amid three board changes at the gaming machine maker.Microsoft rolls out new MSN site design
Microsoft is rolling out the new design for its MSN web portal in the US.Cisco to introduce new Internet router
Cisco Systems announced that it is upgrading a router that's used to power the most trafficked parts of the Internet backbone.Early PC designer wins Turing Award
Researcher Charles Thacker has won the Turing Award for his work helping design and build what is widely considered the first modern personal computer.BMW global February sales up 14%
BMW AG's global February group sales increased 14 per cent from a year earlier to 91,758 cars for the month, the German automaker said on Tuesday.Audi 2009 net income down 39%
Audi AG saw 2009 net income fall 39 per cent to 1.35 billion euros ($A2.02 billion) as the economic downturn cut demand for its cars, the German automaker said.EU urges US to join speculator crackdown
European officials urged the US to join in a crackdown on speculators who bet against Europe's currency union, warning they might ban some credit default swaps.US job openings rise sharply in January
Job openings rose sharply earlier this year, evidence that the US employers are slowly ramping up hiring.Chevron to shed 2,000 jobs
Chevron said it will cut 2,000 jobs this year and sell some overseas operations as it revamps its struggling refinery, marketing and transportation operations.Get ready for next crisis: IMF chief
The world needs to prepare for the next economic crisis, even as it begins to recover from the worst recession since the Great Depression, the IMF head says.Lawsuits could cost Toyota over $US3b
Toyota owners have filed lawsuits that could cost the Japanese auto giant $US3 billion ($A3.3 billion) or more, an Associated Press review of the cases shows.Jaguar Land Rover gets EU clean car loan
Jaguar Land Rover is getting a loan from the European Investment Bank, a lender backed by European Union governments, to help it develop fuel-efficient cars.Greek PM to meet Obama amid crisis
The Greek prime minister George Papandreou will enter talks with President Barack Obama seeking US action against speculators.WesTrac to expand at near-boom levels
The Kerry Stokes-owned heavy equipment firm that is also the proposed merger partner with Mr Stokes' Seven Network Holdings Ltd is set to expand amid a surge.Consumers more likely to spend: Access
Strong jobs growth should provide a firm foundation for retail spending over this year and next, independent forecaster Access Economics says.SMEs most optimistic on profits: survey
Optimism among small and medium size firms about future profits is at its highest level since before the global financial crisis, a survey finds.Aboriginal business 2nd class in Pilbara
Aboriginal businesses are considered "second class and second rate" by big resource companies in WA's Pilbara region, an indigenous association says.Petrol price war is over, survey finds
Petrol prices have returned to their pre-price war heights with the national average price of unleaded rising 3.7 cents in the week to March 7.Sharp rise in revenue for Atlas Iron
Atlas Iron Ltd has reported a sharp rise in first half revenue and narrowed its net loss as it continues to develop its second mine.Companies expecting to hire more workers
Employment have returned to levels last seen before the global downturn and are set to grow further, new figures show.Toyota Prius in US runaway drama
A Toyota Prius accelerated out of control on a busy California freeway before police intervened to bring the vehicle to a standstill.Triple whammy hits would-be home buyers
Many would-be home buyers have given up the dream of home ownership, hit by rising interest rates, tougher lending conditions and an end to a government grant.NZ consumers dour about spending: survey
New Zealand consumers are pretty negative about their current economic circumstances, but at least feel more positive than Americans, according to a survey.CBD arm wins solar energy contract
CBD Energy subsidiary eco-Kinetics has won a two-year contract with Ergon Energy to supply on- and off-grid photovoltaic systems for solar energy generation.India car sales rise 33% in February
Car sales in India jumped 33 per cent in February, industry data showed, as customers purchased vehicles ahead of an expected increase in tax.Targett drops lawsuit against ANZ
ANZ Banking Group Ltd said former institutional bank group managing director Steve Targett has dropped his $57 million lawsuit against the bank.OZ Minerals enters Latin America
OZ Minerals Ltd has made a foray into Latin America through a joint venture with junior precious and base metals explorer Azure Minerals Ltd in Mexico.Noble increases resource estimate
Explorer Noble Mineral Resources Ltd has increased its estimated resource at its Bibiani gold mine in West Africa.Power plant sows seeds to lower coal use
The operator of a large power station in NSW has begun planting trees in a scheme to create carbon-neutral fuel and cut its use of coal.Investor demand for housing loans strong
Investors have returned from summer holidays to grab their largest share of housing loans since at least 1994, according to a survey by a mortgage broker.Business confidence at four month high
Business confidence and conditions strengthened in February to a four month high, but growth remains below the highs seen in late 2009, a survey shows.
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