Business news

Austrian millionaire gives away fortune for happinessAn Austrian millionaire "can't wait to be free" of his wealth, after revealing plans to raffle his luxury Alpine home and give away his fortune.

Skip romance, jump into debt insteadWhy not skip the romance this Valentines' Day and jump into bed with your lover for 30 years of debt instead?

Australia shares climb 1.4 pct on solid earningsGlobal miner BHP Billiton Ltd has more than doubled its first half profit after selling record amounts of key commodities and keeping a firm hand on its costs.

Shy Kiwi wins lake-side mansion for $A20A media-shy local New Zealand man has scored himself a million-dollar mansion for $NZ25 ($A20).

BHP records H1 net profit of $A6.99bGlobal miner BHP Billiton Ltd has more than doubled its first half profit after selling record amounts of key commodities and keeping a firm hand on its costs.

CBA first half cash profit lifts by 54%Commonwealth Bank of Australia Ltd (CBA) has increased first half cash profit by 54 per cent after bad debt charges declined.

Aussie dlr holds firm, seeks confirmation on GreeceToyota Prius owners in Australia will soon be contacted as part of a recall to fix the brakes of the world's most popular hybrid car.

PRECIOUS-Gold steady at $1,075/oz as euro momentum keptCommonwealth Bank of Australia has lifted its first half profit by 13 per cent after strong performance in business banking and wealth management businesses.

PRECIOUS-Gold rises above $1,070 on euro rally, GreeceCommonwealth Bank of Australia Ltd (CBA) has increased first half cash profit by 54 per cent after bad debt charges declined.

Aussie dlr rallies, bonds off on talk of Greek aidChina's voracious appetite for raw materials has led it to make its first investments in commodity-related exchange-traded funds

Market Indices 10 February,2010

10/02/2010 14:08 Sydney, Australia.

Index

Value

Change

All Ordinaries	4542.7	+22.0
S&P/ASX 200	4522.3	+17.2

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Market Indices10 February,2010

10/02/2010 14:10 Sydney, Australia.

Value

Change

Dow Jones	10058.64	+150.25
NASDAQ	2150.87	+24.82

FTSE 100?

5111.84

+19.51

Japan

Nikkei 225	10035.78	+102.88
Nikkei 300	181.15	+1.57

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All overseas indices

From the Financial Times

China search engine Baidu beats estimates @FT.com

Baidu, China's leading internet search engine company, reported a nearly 50 per cent jump in net profit for the fourth quarter, and forecast another...

Acer seeks fresh market muscle @FT.com

The Taiwanese PC company is turning its attention this year to China, smartphones, and high-end servers for corporates – areas where it is seen...

Timis takes planned listing to Australia @FT.com

After being warned off a London flotation by the LSE, Frank Timis's African Petroleum has launched a reverse takeover of an Australian miner for...

Toyota aims to beat out dents in its image @FT.com

Toyota has mounted an aggressive but belated lobbying campaign in Washington to repair its image in the wake of the damaging vehicle recalls and...

Toyota aims to beat out dents in its image @FT.com

Toyota has mounted an aggressive but belated lobbying campaign in Washington to repair its image in the wake of the damaging vehicle recalls and...

Bolton's new China investment trust unveiled @FT.com

Trust aims to raise around £630m to invest in China

Dubai groups line up Asian asset sales @FT.com

State-linked Dubai entities have started talks to divest Asian assets as the emirate steps up the pace of its overseas asset sales to help ease...

Academics stand by theory of correlativity

The Yale professors who sparked a rush into commodities with their 2006 paper on negative correlation say the volatile markets do not disprove...

Chinese fund fillip for oil and gold ETFs

China's voracious appetite for raw materials has led it to make its first investments in commodity-related exchange-traded funds

Toyota chief reassures US consumers @FT.com

The Japanese carmaker is recalling nearly half a million of its hybrid cars, inclluding its flag ship Prius model, to fix a problem with the software...

Short View: Gold and the dollar

Instead of a hedge against uncertainty, is best to look at the gold price as an offshoot of speculation against the dollar, writes John Authers

Macquarie shares fall as forecast disappoints @FT.com

Macquarie shares have dropped 6 per cent after the Australian investment bank disappointed the market with second-half profits guidance that failed...

Rebuff to Delta as JAL sticks with American @FT.com

Japan Airlines has decided to maintain its business partnership with American Airlines, spurning an offer by American rival Delta to defect to...

Anthony Bolton's new China investment trust unveiled @FT.com

Trust aims to raise around £630m to invest in China

Lotte expands its retail empire @FT.com

South Korean group puts pressure on rivals including Britain's Tesco by expanding its retail empire through purchasing department and discount...

Lotte expands its retail empire @FT.com

South Korean group puts pressure on rivals including Britain's Tesco by expanding its retail empire, purchasing department and discount stores...

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