Daily FNArena News - Australia

Shareholders might be disappointed that Rio Tinto did not hand out a Christmas bonus, but analysts aren’t.

Optus is set to expand its 3G coverage from 55% to 96% throughout Australia. Intersuisse flags two small caps that might do well from the initiative.

The Nine Network has finally run out of sporting events or other statistical manipulations to claim “We’re Still Number One”. Seven has taken the mantle, and Ten has kicked Nine while it’s down as well.

Oxiana’s quarterly production report was overshadowed by its announcement of a friendly bid for Agincourt yesterday. Some brokers like it.

Business conditions throughout Australia are easing but from strong levels in the September quarter, NAB reports. Wages growth is up 5% now and thus a concern.

Market rumours have been vindicated with Conquest Mining reporting ‘spectacular drilling results’, with more to come.

Have analysts had enough? It must be time to stop believing Newcrest’s Telfer is ever going to live up to its supposed potential.

A 23% increase in gold reserves is not as exciting as it sounds.

Yesterday’s CPI data resulted in reduced expectations of a February rate rise, but there are still arguments inflationary pressures remain in the Australian economy.

T3 provided a “truce”, but now that’s put to bed Telstra is back in fighting mode, taking the ACCC to court on a constitutional challenge.