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Tatts Group Buys NSW Lotteries

Tatts Group Limited (TTS) has bought NSW Lotteries from the state government. The public gambling, wagering and lottery company will be given a 40 year licence to run the gaming. The deal is worth just over $1 billion. Taxpayers will benefit from the sale.

3/2/2010 11:58:42 AM

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Market Shocked as Nufarm Posts $105 Million Loss

Nufarm (NUF), a company that manufactures and supplies various types of agricultural chemicals have posted a shocking $105 million worth of drop in its first-half earnings on Tuesday. The company came up with the announcement just before the investors were about to cast their votes on the fractional takeover from Japan based Sumitomo Chemical.

3/3/2010 9:57:25 AM

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Coking Coal Prices Jump

Spot prices for cocking coal have increased to $220 a tonne. Coking coal is a raw material for steel making. The jump in spot prices has opened up a US$13billion annual revenue gap as contract prices were set almost a year ago.

3/4/2010 10:18:42 AM

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Qantas Denies Union Claims of Gender Discrimination

Renowned domestic and global air transportation service provider Qantas Airways (QAN) has denied the claims presented by the union that a number of female employees were sacked by the company due to gender biasness. According to the Union, as many as fourteen female workers lost their jobs in the last month that were replaced by male workers who were able to double as the baggage handlers.

3/4/2010 10:36:53 AM

My Share Trading

20% Return Above Cash Rate Guaranteed: Would you invest?

What will be your initial reaction if you come across a trading headline that reads 20% return above Australian interest rate guaranteed: Would you invest?

What will be your initial reaction if you come across a trading headline that reads 20% return above cash rate guaranteed: Would you invest? Of course, you might want to know the company which is behind the offer even before venturing to invest on the offer made. To make an investment that promises returns in the 20% above the Australian interest rate - guaranteed, the quintessential feature an investor should be looking for is the creditworthiness of the establishment floating the offer, as in the case of WBC which reeks of rich credentials, coming with such an offer.

3/4/2010 1:55:41 PM

My Share Trading

Who is Responsible for the Rise of Gold Prices?

Have you ever wondered who is responsible for the rise of gold prices?

Have you ever wondered who is responsible for the rise of gold prices? As a matter of fact there is no one responsible to set prices for gold. The price of gold is actually set by that of free markets, as this happens in a way to equalize supply and demand. In cases where demand exceeds supplies, prices are going to increase, and with the prices of gold going up, demand lessens when compared to the supply.

3/4/2010 2:35:50 PM

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Dai-Ichi Mutual Life Insurance APRA Approval

Japanese life insurance group, Dai-Ichi Mutual Life Insurance received approval from the Australian Prudential Regulation Authority (APRA) to increase is ownership of Tower Australia (TAL) from its existing 29.7 percent to 49.9 percent without having to seek approval from the Foreign Investment Review Board. Their current stake was bought in August 2008 when Tower was at $3.75 per share, yesterday's close was at $2.52 per share.

3/5/2010 9:40:35 AM

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Macquarie Plans to Shut Down Trust

One of the largest financial institutions of Australia, Macquarie Group (MQG) is planning to close down its management trust that worth $10 billion and direct the investors into a deposit account which is market focused. Macquarie held the Government deposit guarantee as the reason due to which funds drained out from the trust.

3/5/2010 10:13:45 AM

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BHP Signs Quarterly Coal Deal with Japan based Steelmaker

The leading exporter of coking coal- BHP Billiton (BHP) have signed a deal with Japanese company JFE Holdings, which is the second largest mill of that country on Friday according to which the Australia based miner will supply it an unknown amount of ingredients for steel production for which JFE Holdings will be paying close to the asking price of BHP Billiton which was $US200 per tonne.

3/8/2010 6:16:49 AM

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Australian Gold Mines 2010

Australian Gold production is set to reach $10 billion in 2010 as output is increased at a time of historically high gold prices. In 2009, Australia produced 227 tonnes (or 7.3 million ounces) of Gold (increase of 3 percent on 2008). At current gold prices of $1250 for an ounce of Gold, the Australian gold output of 2009 would have fetched $9 billion. With the high gold prices, this precious metal is set to be Australia's third biggest export earner after iron ore and coking coal.

3/8/2010 11:06:53 AM