Business news

RBA tipped to keep rate on holdThe central bank is expected to leave interest rates on hold for a third straight month on Tuesday, as more signs emerge that the economy is faring better than most amid the global recession. Legendary industrialist Smorgon diesVictor Smorgon, the patriarch of one of Australia's richest clans that started with less than nothing and turned a butcher shop in Carlton into a sprawling empire, has died.

Rio Tinto completes its $15.2bn issue

2 hours and 31 minutes ago, source: FT.com

IMF detects 'nascent' recovery in Zimbabwe

2 hours and 33 minutes ago, source: FT.com

BHP takes $675m writedown on Yabulu sale

5 hours and 49 minutes ago, source: FT.com

Nigeria, Algeria, Niger in $12b gas deal

8 hours and 28 minutes ago, source: AAP

On Wall Street: Banks no longer so lucrative

9 hours and 38 minutes ago, source: FT.com

EDF's samurai bond raises Japanese spirits

9 hours and 47 minutes ago, source: FT.com

Beijing Auto submits GM Europe offer

10 hours and 1 minute ago, source: FT.com

BaWang bubbles over on debut

10 hours and 6 minutes ago, source: FT.com

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Industrials latest news: 16 hours and 20 minutes ago

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Health Care latest news: 13 hours and 42 minutes ago

Financials latest news: 22 hours and 21 minutes ago

Stock quotes

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Australian market

Australia shares fall 1.3 pct; BHP, Rio lead decline

21 hours and 30 minutes ago, source: REUTERS

Commodities

Questions grow over oil spike brokerage

5 hours and 56 minutes ago, source: FT.com

Overseas

US market

US STOCKS-Wall St sinks on bleak June payrolls report

1 day and 7 hours ago, source: REUTERS

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Nikkei drops 1 pct after US jobs, Seven & I slides

1 day and 1 hour ago, source: REUTERS

UK market

MARKETS-BRITAIN-STOCKS =2

11 hours and 55 minutes ago, source: REUTERS

Europe market

Europe stocks down for 3rd week, commodities weigh

12 hours and 3 minutes ago, source: REUTERS

Currency

AUD news

Aussie recovers from 2-week lows on domestic cheer

21 hours and 36 minutes ago, source: REUTERS

Global market

FOREX-Euro edges up vs dollar in holiday-thinned trade

16 hours and 5 minutes ago, source: REUTERS

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BHP sells Yabulu plant to billionaireBHP Billiton Ltd will book heavy writedowns on the sale of its Yabulu nickel refinery in Queensland to iron ore billionaire Clive Palmer.

Football vulnerable to money launderingThe Financial Action Task Force highlights cases that showed how big money in the sport makes it an attractive money-laundering opportunity for criminals

Nigeria, Algeria, Niger in $12b gas dealThree African countries have signed an accord to build a $US10 billion ($A12.7 billion) trans-Saharan gas pipeline linking vast reserves in Nigeria to Europe.

Aussie Esky set to take on the worldOutdoor recreation company Coleman Australia has bought the Esky brand from Nylex Ltd and plans to expand the iconic Australian brand internationally.

RBA tipped to leave rates on hold againThe central bank is expected to leave interest rates on hold for a third straight month in July as signs emerge that the economy is faring better than most.

$9.8 billion in tax cuts coming todayMany Australian workers will have a little more cash in their pockets from Wednesday as the government begins rolling out its promised tax cuts.

Aussie recovers from 2-week lows on domestic cheerThe central bank is expected to leave interest rates on hold for a third straight month in July as signs emerge that the economy is faring better than most.

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Market Indices 4 July,2009

04/07/2009 14:23 Sydney, Australia.

Index

Value

Change

All Ordinaries	3826.6	-48.6
S&P/ASX 200	3828.2	-49.1

View colour key

Also in this section:

Market Indices4 July,2009

04/07/2009 14:28 Sydney, Australia.

Value

Change

Dow Jones	8280.74	-223.32
NASDAQ	1796.52	+0.0

FTSE 100?

4236.28

+2.01

Japan

Nikkei 225	9816.07	-60.08
Nikkei 300	184.53	-0.77

View colour key

All overseas indices

From the Financial Times

Rio Tinto completes its $15.2bn issue @FT.com

Rio Tintocompleted its $15.2bn rights issue yesterday, shoring up its financial position after Australian shareholders took up 95 per cent of their...

IMF detects 'nascent' recovery in Zimbabwe

The Fund says the African nation is starting to show signs of economic upturn after a decade of decline, noting positive trends such as price...

BHP takes $675m writedown on Yabulu sale @FT.com

The mining group is to sell its Queensland nickel refinery to Clive Palmer, the Australian mining magnate, for an undisclosed sum

Questions grow over oil spike brokerage

PVM Oil Associates manager wrote bullish note on rising prices before rogue trade discovered

Market snap-back

For the first time since the turning point in early March, investors are openly worried again that the darkest days may be ahead, not behind them

Crude slips further in holiday trade

Oil slipped further on Friday amid light trading as bleak US jobs data continued to weigh on the market

On Wall Street: Banks no longer so lucrative @FT.com

Private equity are eagerly buying troubled lenders, but they are not the money spinners that they once were, writes Henny Sender

EDF's samurai bond raises Japanese spirits @FT.com

Japan's samurai bond market showed further signs of rejuvenation as EDF of France became the first non-financial company to sell such bonds since...

Beijing Auto submits GM Europe offer @FT.com

Beijing Automotive Industry Corporation has submitted a late offer for General Motors' European operations, formally putting the Chinese carmaker...

BaWang bubbles over on debut @FT.com

Signs of a frenzy building among Chinese investors emerged on Friday when a herbal shampoo maker saw its shares surge by a third on their debut...

Rollmop empire

Greenland is shaking off the gentle yoke of Denmark.

China joins carbon tax protest

Beijing has joined a growing clamour of complaint about US plans for a carbon tax on imports from countries without their own emission caps, warning...

Overview: US jobs data lead equities lower

Global markets began the second half of the year nervously after signs that the economic recovery, which many were predicting to be around the...

No hoops allowed in chaos of G8 logistics

Such is the chaotic state of preparations for the July 8-10 summit in a police barracks on the edge of L'Aquila that scores of reporters were kept...

Heat rises as Russia awaits Obama

Russia eyes opportunities created by the economic context and what it calls a crisis in US global leadership to show that Washington needs Moscow

Repsol @FT.com

After ambushing Unocal, then bagging various smaller targets in sniper attacks, China is using the pincer movement

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