TELSTRA has increased its first-half profit by 13 per cent to almost $2 billion and raised its guidance for full-year revenue after pulling in $12.4 billion in earnings.
SYDNEY, Feb 21 (Reuters) - Australian miner Iluka Resources Ltd ILU.AX said its net profit in 2007 more than doubled, in line with previous guidance, but it expected a sharp drop in earnings in 2008 due to adverse currency effects.
MELBOURNE, Feb 21 (Reuters) - Telstra Corp Ltd TLS.AX, Australia's largest phone company, beat expectations with a 13 percent increase in first-half profit, helped by rapid mobile phone and broadband subscriber growth, and lifted its 2008 guidance.
WELLINGTON, Feb 21 (Reuters) - New Zealand electronic retail card spending rose in January, data showed on Thursday, but it was mainly driven by higher fuel prices and is unlikely to alter the view that consumer spending is cooling.
SYDNEY, Feb 21 (Reuters) - Australian gaming group Tabcorp Holdings Ltd TAH.AX said on Thursday first-half profit fell 3 percent, hit by an outbreak of horse influenza, and warned of potential tougher trading conditions ahead.
SYDNEY, Feb 21 (Reuters) - Australia's Fairfax Media Ltd FXJ.AX said on Thursday its first-half net profit rose 37.8 percent, helped by a strong performance at its regional businesses which offset weak markets in major cities.
AN arsenic-eating super-bug could be the answer to clean up decades of mining and farming pollution threatening the landscape and human health, Australian scientists said.
A MISSING mother will be reunited with her children after surviving a high-speed car crash in which her terminally ill former partner was seriously injured.
BANK of England policymakers voted 8-1 to cut British interest rates by a quarter-point to 5.25 per cent earlier this month, minutes of the meeting showed today.
THE Reserve Bank of Australia's concerns about wage inflation are expected to intensify, with economists predicting further pressure from the Government's industrial relations policy.
BRUSSELS (AFP) - The European Trade Union Confederation (ETUC) launched a drive for higher wages on Wednesday, arguing that corporate fat cats were ill-placed to call for moderation.
LONDON (AFP) - The dollar picked up some lost ground Wednesday after higher-than-expected US inflation data undercut the accepted view that the US central bank will be able to continue cutting interest rates sharply.
