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  NEWS


Today

12:42pm
Investors urged to leverage China in HK
Hong Kong has called on foreign fund managers to leverage on the financial centre to tap the huge domestic savings of China.

11:28am
Low wage growth keeps rates pressure off
Restrained growth in wages confirms Australia is not heading into a damaging wage-price spiral that would induce the RBA to ratchet interest rates upward.

11:27am
Complaints about health fund premiums up
Complaints about private health insurers hiking premiums jumped 114 per cent in the March quarter compared with the same period 12 months ago.

11:23am
Wizard raises variable rates by 0.1%
Wizard Home Loans has raised its variable interest rate on number of its products by 0.1 per cent because of continued higher wholesale funding costs.

9:10am
Yahoo seeks to conceal parts of lawsuit
Yahoo Inc is seeking to conceal large portions of a shareholder lawsuit.

8:46am
Veil of secrecy surrounds Indiana epic
Indiana Jones does not give up his secrets lightly, and neither does the man pulling his strings.

6:09am
Death toll uncertain in pipeline blast
Thousands gathered on Friday around charred destruction from a deadly pipeline explosion.

Yesterday

11:44pm
US housing posts surprising rebound
Construction of new US homes has posted the biggest increase in more than two years in April.

6:20pm
Annoyed customers 'keen to switch banks'
Customer loyalty to banks, according to a recent survey, is a thing of the past.

6:09pm
Market turmoil bites at Bell
Broker Bell Financial Group admits it is embarrassed by its low share price and warns that volatile markets had slashed its earnings.

5:52pm
Patties shares up on good FY08 guidance
Patties shares have soared to a five week high after the pie maker said it would deliver annual earning growth in line with market expectations.

5:30pm
Stevens' speech sparks rate rise talk
RBA governor Glenn Stevens' reminder about the damage high inflation caused in the 1970s suggests the bank may lift interest rates again, says an economist.

5:08pm
Food inflation easing: Woolworths boss
Woolworths, Australia's biggest grocer, says price inflation for fresh foods is easing in its supermarkets.

4:56pm
Stocks to watch
Stocks to watch on the Australian stock exchange.

4:36pm
Aussie stocks surge, led by miners
The Australian share market closed back through 6,000 points for the first time since January, boosted by gains in the resource sector.

4:17pm
BHP shares surge again on China rumours
BHP Billiton shares have surged to a record high of $50 amid speculation of Chinese interests.

4:16pm
Changes in shareholdings
AMP Ltd became a substantial holder in /Mirvac Group on May 13 with 55.3 million stapled securities (5pc).

4:03pm
AXA to longer pursuing MAA acquisition
AXA Asia Pacific Holdings says it is no longer pursuing an acquisition of Malaysian Assurance Alliance Berhad (MAA) in Malaysia.

4:01pm
Platinum shares down on claims forecasts
Shares in Platinum have fallen more than six per cent after the funds manager said analysts expectations for its 2009 earnings were "perhaps too bullish".

3:17pm
Australia has withstood US crisis: RBA
Australia has been able to withstand the US sub-prime mortgage fallout because it has had little exposure to faulty American loans, an RBA official says.

3:16pm
Ridley advises no move on GrainCorp bid
Stockfeed supplier Ridley Corporation has advised shareholders to take no action in regard to a $416 million takeover offer from grains marketer

3:08pm
Zinifex makes find near Rosebury mine
Zinifex says it has made a new zinc discovery south of its Rosebury mine in Tasmania.

2:53pm
Wesfarmers ups coal export prices
Wesfarmers Ltd's coal division has achieved a price increase of almost 230 per cent for metallurgical coal exports from its Curragh mine in Queensland.

1:46pm
Transfield shares plunge almost 22%
Shares in Transfield have plunged almost 22 per cent after the project management services said full-year net profit would be lower than market expectations.

12:31pm
Rise in base metals boosts stocks
The Australian share market continued its run higher at midday, as a rise in industrial metals boosted resources.

12:02pm
Transfield downgrades yearly earnings
Shares in Transfield Services plunged almost 22 per cent after the company said full-year net profit would be lower than market expectations.

11:49am
Ferret's market reactors
Some share price moves to keep an eye on in the market:

11:47am
Around the traps with the Ferret
Ferret's a sucker for a good line.

11:44am
Ferret's stock to watch
Ferret is not infallible, reflected by the price of Stem Cell Sciences plc (SCS - ASX:STC) whose shares have halved.

11:07am
Pacifica says conditions challenging
Automotive parts maker Pacifica Group says it is unable to provide any accurate forecasts for its full year due to ongoing challenging market conditions.

11:02am
Patties sees year profit of $14.5-$15.5m
Patties Foods expects to comfortably deliver a normalised net profit of between $14.5 million and $15.5 million for the 2008 financial year.

8:07am
China woos Aussie fund as BHP partner
Chinese interests have approached an Australian super fund to be their partner in a multi-billion-dollar swoop on 9 per cent of BHP Billiton.

7:56am
Aluminium at a high on supply fears
Aluminium jumped to a three-week high as investors piled into the metal in expectation of supply shortfalls from China.

7:54am
ASX gets positive leads from US, UK
The Australian market has received positive leads, with Wall Street up markedly and base metal prices in London also very robust.

7:44am
US stocks rise as inflation fears ease
US stocks rose in light trading on Thursday as a pullback in oil prices eased concerns about inflation.

6:11am
Oil prices dip in volatile trade
Oil prices have declined after soaring close to record highs in volatile trade stoked by concerns about stretched global energy supplies, traders say.

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