$A loses momentum ahead of Easter break

The Australian dollar has drifted lower as a boost from speculation of stimulus measures in China wore off, while activity was low ahead of the Easter holiday. At 1700 AEST, the local currency was trading at 93.57 US cents, down from 93.64 cents yesterday.

New car affordability at a 38 year high

New car sales should remain high in 2014 due to the strong Australian dollar and healthy competition between manufacturers.

Third straight day of gains on market

The share market heads into the Easter break with three consecutive days of gains and one per cent off a post-GFC high.

Woodside could move quickly in Canada

Woodside Petroleum could be forced to move quickly on a growth project in Canada after agreeing a three-year land use deal.

Budget to affect living costs: Barnett

The state budget will "impact" the cost of living so the state can retain a surplus, Premier Colin Barnett says.

Santos quarterly revenue down

Santos has reported weaker sales and revenue in the March quarter, with lower production at its Fletcher Finucane and Cooper Basin projects driving quarterly crude oil production 15 per cent lower.

US oil prices flat following supply report

Oil prices in New York have finished essentially flat as a bearish US oil inventory report offset concerns that rising political tensions in Ukraine could affect energy supplies.

Australian market set to open higher

The Australian market looks set to open higher after Wall Street rose for its third session on positive economic news. At 0645 AEST on Thursday the June share price index futures contract was up 17 points at 5,424.

$A higher, supported by Chinese data

The Australian dollar is slightly higher, helped by some Chinese economic growth figures that didn't disappoint the market. At 0700 AEST on Thursday, the local unit was trading at 93.71 US cents, up from 93.64 cents on Wednesday.

US gains, mining results boost shares

The share market has closed higher as investors were encouraged by good corporate earnings reports from the United States and shrugged off economic growth figures out of China.

Australand prepares for Stockland takeover

Property developer Australand is preparing for a possible takeover from fellow developer Stockland which would propel the combined entity to second position on the list of Western Australia's biggest land developers.

WA budget to hit hip pockets

Western Australian households will be slugged by next month's state budget because the government "maxed out" spending on big projects and increased public sector wages, the new treasurer warns.



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BHP Billiton Iron Ore$17.97bn
North West Shelf Venture$16.84bn
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Gold Corporation$5.81bn
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