Australian Dollar Drops
Submitted by Amandeep Menon on Thu, 09/02/2010 - 08:56
On Thursday, the Australian Government published a report showing that, despite the stable growth of country’s economy during the past quarter, the trade surplus declined, causing the Australian Dollar to drop by 90.75 US cents. However, the New Zealand Dollar seemed to top the value of its counterparts, especially the US Dollar and the Japanese Yen.
Bogus callers attract police attention
Submitted by Manish Verma on Sun, 08/29/2010 - 18:04Now days, residents of Pennines are dealing with problems caused by bogus callers and police are appealing to the residents to take extra care. Various numbers of helpless people have become the victim of these bogus callers which has attracted police attention. Leaflets have been posted by police community support officers in the residents. Police is also giving crime prevention advice to the residents.
BHP Positive About Long-Term Financial Impact of Potash’s Takeover
Submitted by Omaka Nelson on Sun, 08/29/2010 - 16:58As stated by Alex Vanselow, Chief Financial Officer, BHP Billiton Ltd., the Company’s $44 billion worth of bid to acquire Potash Corporation would consider the short-term financial impact of the takeover and would remain cautious about that.
Mr. Vanselow added that they are opportunistic and never leave a chance to grab an opportunity whenever it comes. They are keeping a positive attitude towards the long-term economic influence of the takeover of the Canadian firm, but the short-term impact is also a matter of worry.
Celebration Time for Fairfax, the Winner at PANPA Dinner
Submitted by Supreet Khanna on Sun, 08/29/2010 - 16:56In the 90,000+ circulation category for daily newspapers, the Sydney Morning Herald has grabbed the first prize at Pacific Area Newspaper Publishers Association (PANPA), which is being held every year. Even last year, the prize was won by the Herald.
The award ceremony was held during a gala dinner in Sydney on Saturday night, where more than 450 newspaper executives marked their presence.
Shares fell down by 1% because of the uncertain election result
Submitted by Amandeep Menon on Wed, 08/25/2010 - 16:35
The share market slipped down by 1% till the noon trading as the uncertainty of the election results kept affecting the share markets. The S&P index has gone down by 47.9 points or 1.08% to 4381.1 points while other markets have fallen down by 0.93% or 42.3 points to 4418.2 points.
Macmahon has posted revenue rise of 120% this year
Submitted by Amarinder Sekhon on Thu, 08/19/2010 - 18:18
The engineering major Macmahon has recorded a 120 percent growth in its revenue in this year so far. The total amount of profit has been doubled to its previously 37.9 million of dollars.
