Yahoo!7 Finance: Top Stories News

[Shole]

Floods could cost up to $7 billion
28 December 2010, 8:36 pm

Economists say flooding in Queensland and northern New South Wales could cost the national economy up to $7 billion.AMP's chief economist Shane Oliver says the agriculture and resources sectors will ...

Source: Yahoo!7 Finance: Top Stories News

[Shole]

Rare earth miners to profit from cutback
28 December 2010, 8:50 pm

China's decision to cut exports of rare earths has sent local rare earth miners surging on the sharemarket.Rare earths are used in electronic equipment, like televisions and mobile phones. China has ...

Source: Yahoo!7 Finance: Top Stories News

[Shole]

Canadian firm buys Skanska's stake in Chilean road
28 December 2010, 5:57 pm

Swedish construction and engineering group Skanska said Wednesday it would make a 556-million-euro gain from the sale of a 50 percent share in a company that owns a Chilean highway concession.Skanska said ...

Source: Yahoo!7 Finance: Top Stories News

[Shole]

ECB says Eurozone credit growth picking up
28 December 2010, 6:05 pm

Bank loans to the eurozone private sector increased further in November, the European Central Bank said Wednesday, a sign the financial sector is slowly returning to normal despite the debt crisis.Lending ...

Source: Yahoo!7 Finance: Top Stories News

[Shole]

Alcatel-Lucent pays US fine on bribery charges
28 December 2010, 6:11 pm

French-based telecom equipment giant Alcatel-Lucent agreed to pay 137 million dollars in fines and penalties to settle US charges it paid bribes to win contracts in Latin America and Asia, officials said.The ...

Source: Yahoo!7 Finance: Top Stories News

[Shole]

Vietnam grew at fastest pace for 3 yrs in 2010
28 December 2010, 6:50 pm

Vietnam's economy grew at its fastest pace in three years in 2010, according to an official estimate released Wednesday, despite concerns over high inflation, a struggling currency and other risks.Gross ...

Source: Yahoo!7 Finance: Top Stories News

[Shole]

Italy offers 12 bln euro in bonds at higher rates
28 December 2010, 6:59 pm

Italy on Wednesday launched a bond issue worth 12 billion euros but had to offer sharply higher interest rates in the face of persistent concerns over eurozone public finances.The bonds carried maturities ...

Source: Yahoo!7 Finance: Top Stories News

[Shole]

Sales predicted to be down from last year
28 December 2010, 11:29 pm

The state's peak retail body expects West Australians will spend less this December than they did last year.The Retail Traders Association says shoppers are expected to spend $2.8 billion this month.The ...

Source: Yahoo!7 Finance: Top Stories News

[Shole]

Australia shares end flat; Tower, Lynas jump
28 December 2010, 11:34 pm

MARKETS-AUSTRALIA-STOCKS (UPDATE 2):Australia shares end flat; Tower, Lynas jump

Source: Yahoo!7 Finance: Top Stories News

[Shole]

Monsoon rain hits Rio's Qld operations
29 December 2010, 1:14 am

Rio Tinto says severe monsoonal rain in Queensland has hit its operations and has called a force majeure on coal sales contracts from mines in which it has a majority interest.The mines are Hail Creek, ...

Source: Yahoo!7 Finance: Top Stories News

[Shole]

Local stocks struggle to match commodities
29 December 2010, 1:15 am

While strong commodity prices indicated there would be a bullish day on the markets, local investors were barely able to get shares back into the black before the close. Oil hit a 26-month high of $US91 ...

Source: Yahoo!7 Finance: Top Stories News

[Shole]

European stocks rise at open
29 December 2010, 2:27 am

Europe's leading stock markets rose at the start of trading on Wednesday, with London's benchmark FTSE 100 index up 0.13 per cent to 6,016.98 points.Frankfurt's DAX 30 climbed 0.25 per cent ...

Source: Yahoo!7 Finance: Top Stories News

[Shole]

Kangaroo spends $277 million on coal stake
29 December 2010, 2:52 am

Kangaroo Resources Ltd (KRL) has bought a 99 per cent stake in a large thermal coal project in Indonesia.KRL had purchased the stake in the Pakar thermal coal project in East Kalimantan from PT Bayan Resources ...

Source: Yahoo!7 Finance: Top Stories News

[Shole]

Local competition keeping petrol prices down
29 December 2010, 4:52 am

Economists believe competition between local service stations is keeping petrol price rises to a minimum. The domestic wholesale price is at a 25-month high of 123.7 cents a litre off the back of soaring ...

Source: Yahoo!7 Finance: Top Stories News

[Shole]

Asia stocks rise as China rate hike jitters fade
28 December 2010, 7:13 pm

Asian stock markets mostly rose on Wednesday as Shanghai shares started to recover from jitters caused by a weekend interest rate hike and as firm oil prices lifted energy stocks.Tokyo's Nikkei index ...

Source: Yahoo!7 Finance: Top Stories News