News archive from 3 June 2013

Cross-border lending shrank in 2012

Cross-border lending fell by 1.2 per cent in the fourth quarter of 2012 from the previous three months, the Bank for International Settlements says. The Swiss-based BIS - often dubbed the central bankers' central bank - said in its quarterly...

SBS, 09:18 in Business
 

Nine expected to counter Ten's cricket bid

Channel Nine is taking steps to match rival Network Ten's $500 million bid for cricket broadcasting rights by finalising a $300 million deal with buy WIN TV stations, reports say. Nine is expected to announced its decision today on whether to match...

TheAge, 09:24 in Business
 
Bradken and union to meet over foundry pay fight

Bradken and union to meet over foundry pay fight

Union officials and representatives of Bradken foundry are due to meet to discuss a lengthy pay dispute in Adelaide.The foundry workers say they fear the company is squeezing their wages ahead of sending their jobs offshore. Bradken said it was a...

ABC News, 09:25 in Business
 

Nine expected to counter Ten's cricket bid

Channel Nine is taking steps to match rival Network Ten's $500 million bid for cricket broadcasting rights by finalising a $300 million deal with buy WIN TV stations, reports say. Nine is expected to announced its decision today on whether to match...

 

Nine expected to counter Ten's cricket bid

Channel Nine is taking steps to match rival Network Ten's $500 million bid for cricket broadcasting rights by finalising a $300 million deal with buy WIN TV stations, reports say. Nine is expected to announced its decision today on whether to match...

 
Manufacturing bounces off lows but still in decline

Manufacturing bounces off lows but still in decline

Australia's manufacturing sector continued to contract in May, but at a slower pace than it did in April.The Australian Industry Group's Performance of Manufacturing Index rose 7.1 points last month to 43.8 - but that is still well below the 50-point...

ABC News, 09:41 in Business
 

China data to support

9:55am: While the Australian market is expected to open lower after falls in the US and Europe, the losses should be softened by better than expected Chinese manufacturing data released on Saturday. On the ASX24, the SPI futures contract was 57 points...

 

China data to support

9:57am: Today marks the start of a busy week in local economics news, with the major releases including inflation and job ads data today, the RBA's June rates meeting tomorrow and first quarter GDP data on Wednesday. In economics news today: ABS...

 

China data to support

9:58am: The better-than-expected Chinese manufacturing data released on Saturday should lift local mining stocks when the market opens and offset some of the effect of the negative lead from Wall Street. "I think we'll have a soft start but maybe...

TheAge, 10:00 in Business
 
Indonesia says it needs $37 million in beef ahead of Ramadan

Indonesia says it needs $37 million in beef ahead of Ramadan

An Indonesian government agency has revealed the country needs about $37 million worth of extra beef imports before next month.Indonesian trade minister Gita Wirjawan announced an easing of the country's beef import restrictions last week. Quotas for...

ABC News, 10:13 in Business
 

Nine expected to counter Ten's cricket bid

Nine is expected to announced its decision today on whether to match Ten's offer and continued its coverage of a sport it had broadcast for more than three decades. The television network has a last-rights clause in its seven-year deal with Cricket...

 

Nine expected to counter Ten's cricket bid

Nine is expected to announced its decision today on whether to match Ten's offer and continued its coverage of a sport it had broadcast for more than three decades. The television network has a last-rights clause in its seven-year deal with Cricket...

 
Home prices drop steeply in May

Home prices drop steeply in May

A leading private index shows home prices fell steeply in May, reversing most of the gains from early this year.RP Data - Rismark's widely watched home value index fell an average of 1.2 per cent last month in the capital cities, and house prices were...

ABC News, 10:27 in Business
 

Nine expected to counter Ten's cricket bid

Nine is expected to announced its decision today on whether to match Ten's offer and continued its coverage of a sport it had broadcast for more than three decades. The television network has a last-rights clause in its seven-year deal with Cricket...

 

Markets Live: ASX slips below 4900

10:21am: And despite hopes for the miners propping up the market after stronger than expected Chinese manufacturing data on Saturday, materials are leading the losses, down 1.7 per cent. Consumer discretionary stocks are down 1.3 per cent, energy has...

 
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