Monthly Archives: December 2009

Aussie dollar & #39;could hit parity in 2010 & #39;

The local dollar could reach parity with the US dollar for the first time since the currency was floated if Asia & #39;s hunger for Australian commodities deepens.

US to place new duties on China steel

The US government is imposing new duties on imports of steel pipes from China, the latest sign of trade tensions between the two countries.

Australian sharemarket set to jump up to 15% in 2010

Economists expect local market to follow 2009’s big jump with more gains. 31 Dec 2009 6:53 PM
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NKorea to ban use of foreign currency

North Korea will ban the use of foreign currency for purchases among both its citizens and foreigners beginning on January 1, Chinese state television reports.

GPT sells remaining US shopping malls

Unnamed buyers to take on the portfolio’s existing debt obligations. 31 Dec 2009 4:10 PM
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Property prices point to Feb rate rise

Economist says home prices are rising at unsustainable rates in some cities. 31 Dec 2009 4:43 PM
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Delivery delays cap Airbus & #39; tough year

Airbus will miss its delivery target for the new A380 superjumbo in 2009, capping a year of production setbacks and technical glitches for the company.

China group says iron talks difficult

The China Iron and Steel Association has said global miners want a 20-30 per cent hike in 2010 iron ore prices, complicating the tough ongoing negotiations.

UC Rusal seeks up to $US2.6bn in HK IPO

Aluminum giant to offer investors 1.6 billion shares. 31 Dec 2009 12:43 PM
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Westpac may relaunch Bank of Melbourne

Bank to boost its “local” banking image, report says. 31 Dec 2009 12:53 PM
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