Daily FNArena News - Australia

CSL has decided to abandon the blocked Talecris deal and please shareholders with a buyback instead.

The combination of falling margins and a strong Aussie dollar mean earnings at Foster’s will likely remain under pressure.

Chinese-backed Australian explorer and small-cap China Yunnan Copper has been meticulously assessing prospects and is pleased with what it has found.

That Australia has avoided a “technical” recession for now is cold comfort when one analyses the real picture.

According to Southern Cross Equities there is a chance CSL Will still win its battle to acquire Talecris.

See – it was all just a bad dream. First quarter GDP +0.4%. December quarter revised down from -0.5% to -0.6%.

Australia’s services sector activity is still contracting, but the pace has slowed down significantly.

The RBA is comfortable in doing nothing, but remains ready to act if and when necessary.

The RBA left the official cash rate at 3% at its June meeting.

M2 Communications is set to enjoy a significant boost in earnings from buying the small and medium-sized business assets of Commander.