澳洲新闻 (ABC新闻快递) 2011-01-22
时间：2011-08-13 03:12:40
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In business, Westpac has indicated interest rates will continue to rise this year. Westpac boss Gail Kelly says the bank's funding costs are continuing to increase. And she has told a federal parliamentary inquiry1 it's likely to be a while until they peak. The Federal Government last year announced plans to boost competition in the sector2, including abolishing mortgage exit fees. Ms Kelly says it's unnecessary move and may in fact hurt the small players.
Rio Tinto's 3.9 billion dollar takeover bid for Riversdale Mining has been given the tick of approval by the Foreign Investment Review Board. Rio has made a cash offer of 16 dollars a share for Riversdale which has coal mining operations in Africa. Riversdale has recommended its
shareholders3 accept the offer which could see Rio take full ownership of the company.
And taking a check of the market numbers now: In the US, at the end of the week's trade, the Dow is up. Australian shares ended the session yesterday lower. The All Ords lost about a third of a percent. And the ASX 200 lost slightly less. Elsewhere in the region, Asian stocks were down, the Nikkei and the Hang Seng both lost more than 100 points.
And let's check the currencies now, the Australian dollar is buying almost 99 US cents.
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