Oceania
Oceania
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Westpac's James Shugg Remains as Gloomy About The Global Economy
Mar 7, 2013Westpac's plain-speaking London economist James Shugg remains as gloomy about the global economy as he was over a year ago, when he said the Australian dollar could plunge to US80c and a break up of the eurozone would prompt a "global ...
Tags: Westpac, James Shugg, global economy
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Mega Brands Has Reported Strong Sales for Its Toy Lines
Mar 7, 2013Mega Brands has reported strong sales for its toy lines in both the fourth quarter and 2012 full year. For Q4, overall consolidated net sales increased 18 per cent to $127.5 million (compared to $108.5 million in the corresponding 2011 ...
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Australian Coal Producer Xstrata Has Issued Its Financial Results for 2012
Mar 7, 2013Australian coal producer Xstrata has issued its financial results for 2012, which has been a transformational year for the company with 10 major projects commissioned. In 2012, Xstrata registered a net profit of $1.18 billion, decreasing ...
Tags: Xstrata, coal producer, coal
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Glencore Has Announced Its Financial Results for 2012
Mar 7, 2013International commodities trader Glencore International plc (Glencore) has announced its financial results for 2012, stating that 2012 was characterized by lower prices across all base metals, though volumes remained strong and this enabled ...
Tags: iron ore sales, iron ore, minerals
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Coal Exports Totaled 7.9 Million Mt in Feb This Year,Falling by 21.7% Compared to January
Mar 7, 2013Coal exports from the Port Waratah Coal Services (PWCS) terminals based at Port of Newcastle in New South Wales, Australia, totaled 7.9 million mt in February this year, falling by 21.7 percent compared to January, according to the ...
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Ford’s Sales in February in US Rose 9.3% Year on Year
Mar 6, 2013Ford Motor Company has announced that its sales in February this year in US was 195,822 vehicles, a year-on-year growth of 9.3%, the sales was 179,119 vehicles in the same period last year. Ford’s sales in the US in February was ...
Tags: Ford Motor, vehicles, Ford
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Sharemarket Closed Higher After Australian Retailers Recorded Strongest Sales Growth
Mar 6, 2013THE sharemarket closed higher after news that Australian retailers recorded their strongest January sales growth in six years led to gains for discretionary retail stocks. Retail spending rose 0.9 per cent, seasonally adjusted, in January ...
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In The Week Ended March 4,The Coal Producing State of Australia,Totaled 2.6 Million Mt
Mar 6, 2013In the week ended March 4, coal shipments from the Port of Newcastle in Queensland, the coal producing state of Australia, totaled 2.6 million mt, according to Newcastle Port Corporation. The figure constitutes an increase of 20.8 percent ...
Tags: Coal exports, Coal, coal producing
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Sony's Continuous Losses for 8 quarter, Sold the Office Building
Mar 5, 2013Sony has sold the main office "Sony CityOsaki" in Tokyo by the 111.1 billion yen (about 1.2 billion dollars). The office building is 25 stories high, was completed in 2011 in March, covering an area of 124,000 square meters, containing ...
Tags: Sony, TV equipment, audio equipment
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Australian Dollar Is More Than Half a US Cent Higher
Mar 5, 2013The Australian dollar is more than half a US cent higher ahead of the Reserve Bank of Australia's March interest rate decision. At 6.30am AEDT, the currency was trading at 101.81 US cents, up from 101.25 US cents on Monday afternoon. ...
Tags: Australian dollar, US cent, currency
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S&P/ASX200 Is Down 0.3 Per Cent as Resources Stocks Down on Commodity Weakness
Mar 5, 2013The S&P/ASX200 is down 0.3 per cent as resources stocks including BHP Billiton, Rio Tinto, Fortescue and Oil Search are down 1.2 per cent to 2.7 per cent on commodity weakness and with ex-dividend falls today worth about 11 index points. ...
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Economic Data Improved Markedly,Setting Scene for Quiet on Interest Rate-Cutting Front
Mar 5, 2013The flow of economic data has improved markedly last month, setting the scene for a period of quiet on the interest rate-cutting front. Westpac's data pulse for Australia, which tracks the share of economic data released across the past ...
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NEMA's Lighting Systems Index Increased in The Fourth Quarter of 2012
Mar 5, 2013NEMA’s Lighting Systems Index increased in the fourth quarter of 2012 after a decline in the third quarter, growing 1.9 percent on a quarter-to-quarter basis and by 3.3 percent on a year-over-year basis. Lighting equipment demand has ...
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Average Edged Closer to All-Time Closing High as Investors Brushed off Steep Losses
Mar 5, 2013THE Dow Jones Industrial Average has edged closer to an all-time closing high, as investors brushed off steep losses in China's equity markets and pushed major benchmarks higher. The Dow rose 38.16 points, or 0.3 per cent, to 14127.82, to ...
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Australian Dollar Tumbled to Its Lowest Level in Eight Months in Asian Trading
Mar 5, 2013The Australian dollar tumbled to its lowest level in eight months in Asian trading yesterday after China announced new measures to cool property prices, fuelling speculation that demand for Australia's commodities may weaken. The dollar ...
Tags: Australian dollar, commodities, trading
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