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Australia

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  • ANZ Lifts Bad Debt Charges as Credit Crunch Bites Sunday, 6 Apr 2008 | 9:26 PM ET

    Australia and New Zealand Banking Group said on Monday it expected much higher bad debt provisions in the first-half of fiscal 2008, reflecting difficult conditions facing Australian firms amid the global credit crunch.

  • Australia's RBA Sees Demand Cooling as Sales Fall Thursday, 3 Apr 2008 | 10:42 PM ET

    Australia's top central banker said on Friday there were signs that domestic demand was cooling in a way that would help restrain inflation, suggesting he thought interest rates had risen enough for now.

  • Australia Central Bank Leaves Rates Unchanged Tuesday, 1 Apr 2008 | 12:51 AM ET

    Australia's central bank was still concerned that interest rates might not be high enough to restrain inflation when it hiked rates to a 12-year high earlier this month, minutes of the policy meeting showed on Tuesday.

  • Billionaire Lew Bids Up to $824 Million for Just Group Monday, 31 Mar 2008 | 12:45 AM ET

    Billionaire Australian investor Solomon Lew on Monday offered to buy clothing retailer Just Group, valuing it at up to $824 million and sending its shares up as much as 12%.

  • Virgin Blue Says New Airline to Fly Sydney-LA Route Sunday, 30 Mar 2008 | 8:09 PM ET

    Australia's Virgin Blue Holdings said on Monday its new airline, V Australia, planned to start daily flights between Sydney and Los Angeles from December.

  • Australia's Rudd Urges Openness on Financial Crisis Thursday, 27 Mar 2008 | 12:01 AM ET
    KEVIN RUDD

    Australian Prime Minister Kevin Rudd promised not to retreat into a new era of protectionism on Thursday in response to the global financial crisis, and urged other governments to hold their nerve.

  • Market Turmoil Is "Unsettling": RBA Chief Wednesday, 26 Mar 2008 | 9:08 PM ET

    Australia's top central banker on Thursday said turmoil in global financial markets had been "quite unsettling", but Australia's financial system was in good shape to deal with the fallout.

  • Australia's David Jones Profit Jumps 25% Tuesday, 25 Mar 2008 | 7:48 PM ET

    Upmarket Australian department store chain David Jones said first-half underlying profit jumped 25 percent, helped by buoyant Christmas sales, and maintained its forecast for the rest of the year.

  • NAB May Buy Citi's Australia Broking Arm: Report Tuesday, 18 Mar 2008 | 7:25 PM ET

    National Australia Bank, Australia's top lender by assets, is in talks to buy Citigroup's Australian retail broking business to expand back into stockbroking, the Australian Financial Review reported on Wednesday.

  • Australia's Central Bank Is Still Wary on Inflation Tuesday, 18 Mar 2008 | 12:14 AM ET

    Australia's central bank was still concerned that interest rates might not be high enough to restrain inflation when it hiked rates to a 12-year high earlier this month, minutes of the policy meeting showed on Tuesday.

  • Sinosteel in Hostile Bid for Australia's Midwest Thursday, 13 Mar 2008 | 9:30 PM ET

    China's Sinosteel has launched a hostile, all-cash offer for Australian iron ore prospector Midwest in a deal that values Midwest at $1.2 billion (US$1.1 billion), as it aims to lock up scarce iron ore supplies.

  • Australia's Hiring Surge Takes Jobless to 33-Year Low Wednesday, 12 Mar 2008 | 10:18 PM ET

    Australian employment growth blew past all expectations in February while the jobless rate hit fresh 33-year lows, reviving speculation that the drum-tight labor market might yet spark another rise in interest rates.

  • Australia Consumer Sentiment Slumps as Rates Rise Wednesday, 12 Mar 2008 | 1:30 AM ET

    Australia's trade deficit ballooned 41 percent in January as strong domestic demand sucked in imports while bad weather and supply bottlenecks crimped export growth. 

  • Australia's Incitec Pivot to Acquire Dyno Nobel Monday, 10 Mar 2008 | 9:42 PM ET

    Australian fertilizer maker Incitec Pivot offered to buy the rest of explosives maker Dyno Nobel in a cash and share offer that values Dyno at $3.1 billion.

  • Australia Trade Deficit Widens as Imports Bulge Wednesday, 5 Mar 2008 | 9:16 PM ET

    Australia's trade deficit ballooned 41 percent in January as strong domestic demand sucked in imports while bad weather and supply bottlenecks crimped export growth. 

  • Consolidated Media Deal Funding in Doubt Wednesday, 5 Mar 2008 | 9:00 PM ET

    Trading in the shares of Australian publishing company Consolidated Media Holdings was halted on Thursday amid speculation funding for a buyout offer from a consortium backed by Lachlan Murdoch was in doubt.

  • Australia's Economy Buoyed by Strong Spending Tuesday, 4 Mar 2008 | 8:52 PM ET

    Australia's economy expanded at its slowest pace in a year last quarter but only because strength in consumer and government spending was tempered by a big drag from the country's trade deficit.

  • Macquarie to Reduce Australian Mortgage Business Tuesday, 4 Mar 2008 | 7:00 PM ET

    A unit of Macquarie Group, Australia's largest investment bank, said on Wednesday it will significantly reduce its Australian residential mortgage business because of high funding costs.

  • CNBC's Cash Flow: Zinc, QBE and BHP Billiton Tuesday, 4 Mar 2008 | 1:58 AM ET

    Tuesday's edition of CNBC's Cash Flow featured technical analyst Brandon Wendell, senior instructor at the Online Trading Academy.  Due to time constraints, Brandon was not able to chart all e-mail requests on air.  But, we are pleased to have him chart requests for zinc, QBE and BHP Billiton exclusively for CNBC.com. 

  • Australia's Central Bank Lifts Rates to 12-Year High Monday, 3 Mar 2008 | 11:39 PM ET

    Australia's central bank on Tuesday raised interest rates to a 12-year peak of 7.25 percent as it fought to keep inflation under control, but noted tentative signs the red-hot economy might be cooling.