Finance
ANZ cuts fixed home loan rates by 50bpANZ Banking Group <ANZ.AX> will lower its fixed home loan rates and residential investment loans rates by between 30 basis points and 50 basis points. Business spending surges amid gloomBusiness investment surged in the June quarter with growth in capital expenditure hitting 5.7 percent, more than double market expectations.
Fears of contracting economy allayed
8 minutes ago, source: AAP
UPDATE 1-Alumina to raise about A$200 mln in offer-sources
23 minutes ago, source: REUTERS
Macarthur Coal shares sink on ASX
23 minutes ago, source: AAP
Australia approves uranium mine expansion plan
30 minutes ago, source: REUTERS
Tatts prospects solid after profit boost
32 minutes ago, source: Egoli
VRL touts 470% NPAT rose
32 minutes ago, source: Egoli
Profit blows in for B&B Wind
32 minutes ago, source: Egoli
Austock underlying profit down 27%
32 minutes ago, source: Egoli

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Business news: most popular articles

 Mishaps have damaged reputation: QantasQantas has admitted negative publicity about a series of maintenance mishaps has "not insignificantly" damaged its brand, and the effects could be permanent.
 Aussie stocks rise 1 pct; Sigma fallsMacquarie Group shares dropped almost 10 per cent after brokerage firm UBS downgraded the investment bank to "neutral" from "buy".
 AMP's H1 profit falls 22%AMP Ltd has reported a fall in first half earnings after the wealth manager and insurer battled volatile financial market conditions.
 Reporting season: July - August 2008Find out at a glance which companies have reported so far this season.
 Australian stocks seen up on financials reboundA union has called on the federal government to freeze tariffs on imported cars as two Melbourne car parts manufacturers cut jobs.
 Aussie dlr steady ahead of data; rate view capsShares of Fannie Mae and Freddie Mac rose for a third straight day, as investors appeared uncertain that a government bailout of the companies will happen soon.
 Aussie dollar steady, rate cut views curb gainsFind out at a glance which companies have reported so far this season.
 Aussie stocks rise 0.8 pct, resource firms leadWestfield Group, the world's biggest listed shopping centre owner, says first-half net profit declined 34.9 per cent to $1.29 billion.
 UPDATE 2-Gold extends gains on firm oil, soft dollarQantas has increased its full year profit by 44.1 per cent but says it is starting to feel the effect of higher fuel costs amid an uncertain economic outlook.
 Aussie stocks rise 1 pct; Sigma fallsWoodside Petroleum has confirmed it will pass on the entire cost of a Federal Government-imposed tax on condensate, a light crude oil, to its WA customer base.
Market Indices 28 August,2008
28/08/2008 17:17 Sydney, Australia.
Index Value Change
All Ordinaries 5143.3 +55.5
S&amp;P/ASX 200 5066.5 +55.3
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Also in this section:
Market Indices28 August,2008
28/08/2008 17:19 Sydney, Australia.
US Value Change
Dow Jones 11502.51 +89.64
NASDAQ 2382.46 +0.0
UK
FTSE 100? 5528.1 +57.4
Japan
Nikkei 225 12768.25 +15.29
Nikkei 300 249.68 -0.72
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$A Prices28 August,2008
28/08/2008 17:18 Sydney, Australia.
Currency Value Change
USD 0.8679 +1.20%
GBP 0.4722 +1.01%
EUR 0.5869 +0.70%
JPY 94.42 +0.51%
CAD 0.906 +0.87%
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From the Financial Times

B&B reviews asset management firm @FT.com
Babcock & Brown will review its ownership and management rights of Babcock & Brown Capital, which could potentially lead to B&B Capital being managed...
Australia's Origin underlying year profit up 20% @FT.com
Australia's biggest producer of gas from coal seams, forecast 10 percent profit growth as it seeks to fend off BG Group's A$13.7 billion ($12 billion)...
Insider dealing probe at UMC @FT.com
Taiwanese prosecutors search the chipmaker's headquarters and question the chairman, in an investigation that lands a blow to already fragile sentiment...
Oil chief says customers will pay for tax @FT.com
The head of Woodside Petroleum describes Australia's decision to remove a tax exemption on a natural gas product – which will raise A$2.5bn – as...
Report of US currency rescue plan
The US, Europe and Japan discuss the possibility of co-ordinated currency intervention to support the dollar at the time of the Bear Stearns crisis,...
Ricoh in $1.62bn move for Ikon @FT.com
The deal will allow the Japanese manufacturer access to Ikon's large corporate and government customers and build out its North American distribution...
Not just made in China, designed there too @FT.com
Autodesk's design technology partnership with several universities highlights industry ventures in line with a government campaign to focus on...
Amtek buy-out owners discuss trade sale @FT.com
The private equity owners of Singapore's Amtek Engineering have held preliminary discussions that could result in a lucrative trade sale of the...
Beijing leadership will need persuading @FT.com
If China Development Bank can successfully bid for all or part of Dresdner Bank, it would mark a reversal of fortune for the scandal-plagued Chinese...
Commerzbank heads race to buy Dresdner @FT.com
Commerzbank is the favourite contender to buy Allianz's Dresdner Bank subsidiary, in spite of a possible bid by China Development Bank for all...
Profits fall but Westfield bullish @FT.com
The Australian shopping centre owner says it is on track to deliver 'substantial long-term growth' in spite of the devaluation of its overseas...
Profits fall but Westfield bullish @FT.com
The Australian shopping centre owner says it is on track to deliver 'substantial long-term growth' in spite of the devaluation of its overseas...
Storm concerns push oil higher
Oil prices rose as traders kept close watch on the progress of tropical storm Gustav amid mounting concerns that it could affect oil and gas production...
China Mobile trails on 3G technology @FT.com
China Mobile said the country's homegrown third generation mobile technology was years behind other international standards
Emerging markets setback for mobile phones @FT.com
Research company Gartner said many consumers in emerging markets were choosing not to upgrade their first handsets to more sophisticated devices...
Inflation fears steer ECB away from rate cuts
European Central Bank policymakers signal fresh alarm over the outlook for eurozone inflation even as German data indicate that headline inflation...
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