UPDATE: Australia&#39;s St George FY Net Up 18%;Outlook Rosy
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By Morag MacKinnon Of DOW JONES NEWSWIRES SYDNEY (Dow Jones)--Australia&#39;s fifth-largest lender, St. George Bank Ltd. (SGB.AU) reported an 18% rise in full year net profit to A$717 million on Monday, and separated
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MELBOURNE (Dow Jones)--Australia&#39;s largest retailer Coles Myer Ltd. (CML.AU) reported Wednesday a better-than-expected 44% rise in annual net profit, driven by booming
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Australia's main share index hits a new all-time high, buoyed by positive economic news.
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Financial group Fortis has reported a bigger-than-expected rise in earnings and says it is growing more upbeat about 2004, with both its banking and insurance units posting strong gains.
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Gold hit its highest level in more  than 16 years on Tuesday as a steadier dollar failed to cool  worries over the currency's outlook, while Asian stocks gained  modestly after a solid performance on Wall Street.
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No-frills airline Ryanair beat forecasts with an 18 per cent jump in half-year profit after a strong summer and cheered investors yesterday with a surprisingly upbeat take on the full year.
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Australia&#39;s economy expanded 1.6 percent in the March quarter, posting its strongest growth in three years and sending the Australian dollar to a 17-year high, official data released Wednesday showed.
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The New Zealand dollar bumped up another notch to three week highs on Tuesday despite the US dollar&#39;s gains, the local currency hitching a ride with the stronger Australian dollar.
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SYDNEY, Australia -- Australian stocks are trading at a fresh record Thursday, defying a negative lead on Wall Street. Market heavyweight News Corp, leading airline Qantas and the top four banks are all higher.
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&quot;It&#39;s surprising that the bank still expects to have to raise rates, given the significant rise in the Australian dollar since August.
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SYDNEY (Dow Jones)--Australian metal recycler Sims Group Ltd. (SMS.AU) on Monday raised its profit outlook by some 23%, saying it expects first quarter earnings to exceed A$50 million.
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SINGAPORE (Dow Jones)--Fundamentals indicate the Australian dollar should be able to build on its gains to an eight-month high in the medium term, but a rare appearance by the central bank
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Australia&#39;s fourth largest bank, Westpac Banking Corp., announced Monday a 16.3 percent rise in net profit in fiscal 2004 and said it was confident of strong performance next year despite intensifying competition.
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Australia's interest rates, stable at 5.25 percent since December 2003, may be raised within months amid signs of renewed inflationary pressures, the central bank warned.
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THE Australian dollar was trading stronger today as news of a takeover bid for Australian mining company WMC Resources supported the currency during morning trading.
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The retailer reports strong earnings and lifts its outlook.
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Australian buyout target Qantas Airways  Ltd.  raised its annual profit forecast for the third  time in six months as fuel prices ease and demand for travel  increases.