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Deutsche Bank dismisses mining fears

MARK SMITH  |  FRIDAY, 30 AUG 2013
Mining companies are poised for reasonable growth next year provided commodity prices don't take a nose dive, according to Deutsche Bank strategist Tim Baker. Speaking at a reporting season round-up lunch in Sydney, he said that recent weakness in the ...

Coin acquisition drives Rubik profit

MARK SMITH  |  THURSDAY, 29 AUG 2013
... million per annum of this cost to the direct and third party cost of its hosting infrastructure. Turning to its outlook for next year, Rubik director Andrew Moffat said the company expects to achieve a material increase in underlying operating EBITDA ...

Coalition urged to rethink super slash costings

JAMES FERNYHOUGH  |  THURSDAY, 29 AUG 2013
... for Shadow Treasurer Joe Hockey said full costings - including details on how savings were calculated - would be released next week. He did not say which day next week, but promised it would be sooner than Friday, the day before the election. The Coalition's ...

Coalition to save $1.6bn via SG delay

AAP & ALICE URIBE  |  WEDNESDAY, 28 AUG 2013
... treasurer Joe Hockey released a seven-page document that promised the Coalition would make $31.6 billion of savings over the next four years to pay for its election promises. The coalition says the biggest saving will be reducing the public service by ...

Market Wrap

AAP  |  TUESDAY, 27 AUG 2013
... appear to have weighed on the market," he said. "He appeared to confirm... that the US would announce action on Syria in the next few days, and that of course has sent investors rushing to the sidelines." But he added it was likely the local market would ...

Market Wrap AM

AAP  |  TUESDAY, 27 AUG 2013
... economist Nouriel Roubini warned that instability in Italy over the future of Silvio Berlusconi could trigger early elections next year and weigh on the country's standing on financial markets from this week. The euro dipped to $US1.3368 from $US1.3381 ...

Market Wrap AM

AAP  |  MONDAY, 26 AUG 2013
... Wall Street which enjoyed a jolt from Microsoft's announcement that chief executive Steve Ballmer will retire within the next 12 months. The US Commerce Department's unwelcome US new-home sales report for July - sales plunged 13.4 per cent month-on-month ...

Market Wrap

AAP  |  FRIDAY, 23 AUG 2013
... "That's certainly helping us very, very heavily, but we need to see confirmation of that," he said. "The official figures next week will be very interesting." In earnings news, property group Mirvac's net profit dropped 66 per cent, hit by $273.2 million ...

WealthSure faces restructure after Court case

LAURA MILLAN  |  FRIDAY, 23 AUG 2013
... claims and legal fees of about $172,868. The group has committed to make additional payments to several claimants in the next two months, totaling $130,000. The payments have been made by WealthSure directly because the company has not been fully indemnified ...

Australia outstrips US and UK in online trading

MARK SMITH  |  THURSDAY, 22 AUG 2013
... the report, 46% of current online share investors use a smart phone or tablet to invest, and 21% intend to start within the next 12 months.