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 NEWS & ARTICLES

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McDonalds sales up in Australia

BY : | 2008

More than 5 percent of Australians eat at McDonald's on an average day.Sales growth last year was in double digits, The Sydney Morning Herald reported. The chain's 762 Australian customers served an average of 1.2 million customers every day, in a...

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Aussie stocks higher after hectic week

BY : | 2008

The Australian share market closed 5 percent higher Friday, ending a week long roller-coaster ride for investors.Just three days ago the market slumped 7.3 percent, the biggest one-day fall in 20 years, but with confidence returning on Wall Street...

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Australian stocks steadily recover

BY : | 2008

The Australian share market turned optimistic for a second day Thursday from Black Tuesday, with prices up 3.1 percent across the board.The All Ordinaries Index gained 160 points to close at 5,606 Thursday while the ASX 200 jumped 168 points to...

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Australian stocks rebound

BY : | 2008

The Australian share market rebounded Wednesday on the U.S. Federal Reserve's 0.75 point emergency interest rate cut.Stocks ended the day 4.4 percent higher -- 24 hours after having fallen more than 7 percent -- with the All Ordinaries Index up 224...

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Stocks plunge on Australian market

BY : | 2008

Australian shares fell more than 7 percent Tuesday, wiping nearly $95 billion from the market's value.In the biggest one-day rout since October 1987, the All Ordinaries Index fell 409 points, or 7.26 percent, to 5,222, and the ASX 200 slumped 394...

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Australian stocks in long losing streak

BY : | 2008

Australian shares fell nearly 3 percent across the board Monday, the 11th straight day of losses and the worst losing streak in 26 years.The All Ordinaries Index closed down 169 points, or 2.91 percent, at 5,631 and the ASX 200 dropped 167 points to...

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Australian stocks continue losing streak

BY : | 2008

The Australian share market closed down 1 percent Friday -- the 10th consecutive session of losses and the worst losing streak in nearly 18 years.Shares fell as much as 3 percent across the board in early trading but a late rally in the banking...

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Leading winemaker dies in blast

BY : | 2008

Pioneering Australian winemaker Trevor Drayton was killed along with another man in an explosion at Drayton's winery in Pokolbin.The Drayton family has been making wine in the Hunter Valley since the 1850s, The Sydney Morning Herald said Friday.The...

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Australian shares lose $31 billion

BY : | 2008

A selling wave wiped out nearly $31 billion of the Australian share market Wednesday.With investors spooked by the woes of Wall Street, in particular the mammoth quarterly loss by Citigroup, the All Ordinaries Index closed down 2.5 percent to 5,870...

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Japanese whaler holding whale defenders

BY : | 2008

The captain of a Japanese whaling ship has reportedly agreed to release two anti-whaling activists being held on the vessel in Antarctic waters.Australia Foreign Minister Stephen Smith told ABC radio Japan agreed to release Benjamin Potts, 28, of...

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Australian festival honors Elvis Presley

BY : | 2008

Scores of Elvis Presley impersonators have descended on the Australian town of Parkes for a festival dedicated to the late singer.The BBC said Saturday the Parkes Elvis Festival, created in 1993 at a local restaurant, has become an annual event that...

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Tursunov takes Sydney title

BY : | 2008

Russian Dmitry Tursunov survived a pair of tiebreakers Saturday to win the Medibank International tournament in Sydney, his fourth ATP title..Tursunov outlasted wild-card entrant Chris Guccione of Australia 7-6 (7-3), 7-6 (7-4).At the end he came up...

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