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Australia faces a long fight to contain and then cut the current high inflation rate which will probably bump up to around 3.25% in the current quarter and continue at that level into 2008.

BHP Tries To Sell Its Rio Idea

The cheer squad of nationalists and believers in national champions are willing to suspend critical judgment on the proposed takeover of Rio Tinto and BHP Billiton, but not so the market or those shareholders with a critical facility or three.

Ad Spending To Continue Boom

Orica Confident About 2008

In yesterday's choppy market, Orica was punished, despite producing reasonable earnings for 2007 and expectations of better for the year ahead.

John Holland Wins $117m Contract

Shares in construction company Leighton Holdings (LEI) rose by as much as 3.29% to $59.63 after the company said its wholly owned subsidiary, The John Holland Group, won a $117 million contract with Melbourne Airport.

Macquarie Fears Second-Half Earnings Downgrade

The recently re-listed holding company Macquarie Group (MQG), fell by as much as 5.1 percent today after it said its full-year earnings may come in lower than expected, based on its second-half earnings forecast.

New Hope’s Offer Rejected, Deemed ‘Unattractive’

Coal miner New Hope Corporation (NHC) has endured another setback to its off-market takeover offer, with the Resource Pacific board labelling the offer as ‘unattractive', following the issue of the bidder's statement on Tuesday.

BHP May Go Hostile On RIO Bid

Rio Tinto and BHP Billiton remained in the spotlight today after RIO formally notified shareholders that it had rejected BHP's $350 billion bid.

AOS To Spin Off Assets Into New Company

Advanced Ocular Systems (AOS), an Australian eye care company is planning to spin off its remaining ophthalmic assets into a new company, which will earn it $18 million in cash and shares.

Copper Slumps, Gold, Oil Up

What a Friday. Gold was down, US stocks fell, the US dollar was mixed, the yen was stronger, oil rose; but the big move was copper: now having its biggest slump in price for five years, a move that should make even the most optimistic BHP and RIO punter pause for reflection.

BHP: Watch The Currencies

A sharp fall in the value of the Australian dollar Friday night and a rise in the value of the yen to an 18 month high have introduced a note of volatility into BHP Billiton's huge bid for rival Rio Tinto.

China Again Tightens The Screws

China has again moved to try and control its surging economy by ordering banks to put aside more reserves.

‘Gloom’ Over Markets

Watch those markets closely; as the Financial Times said in its headline on the weekend, "Gloom envelopes world markets".

RIO Rejects BHP Bid Number Two

Rio Tinto (RIO) rose by as much as 15% today on the back of conjecture that the rejected $140 billion all-share offer from BHP Billiton would lead to an improved offer or would trigger rival bids.

Bannerman Ups Its Game, Lists On TSX

Perth-based uranium explorer, Bannerman Resources joined a long list of companies after today confirming its plans to list on the Toronto Stock Exchange (TSX) had been conditionally approved.

Overwhelming ‘Yes’ For Adelaide-Bendigo Merger

Today Adelaide Bank (ADB) shareholders voted overwhelmingly in support of the proposal to merge with Bendigo Bank.

Superior Debut Disappoints

Shares in Superior Resources (SPQ) showed mixed results on its debut on Monday, opening at a 20% premium to its issue price of 20 cents only to fall 12.5% at close.

Emergent Resources Underway With $5m IPO

Western Australian-based exploration company Emergent Reources said on Monday it has lodged its prospectus ahead of a A$5 million Initial Public Offer and proposed listing on the Australian Stock Exchange.

BHP Wants Rio In $400 Billion Deal

BHP Billiton has been rejected in its attempt to snuggle up to rival Rio Tinto Group and pounce to produce the world's biggest mining group.

Japanese Brewer Extends Aussie Food Reach

Australia now has a new food giant in the country as the ownership of National Foods and a small brewery is reshuffled in deals worth more than $3.1 billion.

At Last, A Bid For SYB From PRY

At last Primary Health Care has revealed the colour of its money and put a bid on the table for Symbion Health.

Oil Price Pressures To Grow

As world oil prices bounce around short of the symbolic $US100 a barrel mark, a new report has emerged suggesting that prices much higher than that will confront the world economy in coming decades.

Big Oil Profiting From Surging Prices? Hardly

Economics is a pretty simple subject. Strong demand leads to rising prices, which in turn sends a signal to the market to increase supply. The additional supply then pushes the price level back down until a new equilibrium is reached. Simple.

Flight Centre In Trading Halt For ‘Major’ Acquisition

Travel company, Flight Centre (FLT)'s shares hit a one-year high of $27.50 on Friday before requesting a trading halt in anticipation of a ‘major acquisition'.

Macmahon Wins US$60m Contract

Macmahon Holdings (MAH), a mining and civil construction company said on Friday it has been awarded a ten year quarrying contract in South East Asia for the world's largest cement producer Lafarge.

Monarch Buys Mt Magnet From Harmony

Mining company, Monarch Gold Mining (MON) said on Friday it acquired a $65 million Mount Magnet Gold Operations project in Western Australia.

WAN Posts Mixed Q1 Results

West Australian Newspapers Holdings (WAN) posted a fall in its first quarter net profit for the 3 months to September, 2007 to $20.6 million from the $25.5 million of prior corresponding period.

CSR Nixes Sales

No wonder CSR shares eased in yesterday's generally upbeat market.

Goodbye Coles

All being well Coles Group will cease to exist as a listed company after this Friday after shareholders yesterday voted overwhelmingly in favour of the $20 billion takeover offer from Wesfarmers.

Oil-Gold Move

Crude oil climbed above $98 a barrel for the first time and gold headed past $US840 an ounce and bound for a new high.

Interest Rates: What Next?

Unless there's a rise in unemployment and a definite slowing in domestic economic activity from the current 5% a year plus growth in non-farm domestic product, further rate hikes will almost certainly be delivered by the Reserve Bank next year.

Simpsons Provide Boost For News Corp