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Rio Catching Up to BHP in Bond Market on Resurgent China: Australia Credit
The extra cost to insure Rio’s bonds over BHP’s dropped to 47 basis points on Feb. 7, the least since September in data from CMA. Credit-default swaps on Rio, Australia’s largest iron- ore exporter, are falling faster than a global index of miners for a third week, data compiled by Bloomberg show.

Australia a gold standard country: BHP
Amid the global economic turmoil and credit squeeze, Australia remains a gold standard country to invest in, says BHP Billiton boss Marius Kloppers.Mr Kloppers said he was cautious about 2012 and its "risk ...

Qantas Warns of Credit-Rating Cut If Australia Changes Law
Qantas Airways Ltd., Australia’s biggest carrier, said it may lose its investment-grade credit rating and be forced to sell its Jetstar unit if Australia changes laws affecting the company.

Australia to Welcome ’Growth Girl’ to RBA After Holding Fire on Rate Cut
“There’s too much froth in the Australian currency,” which economic fundamentals indicate ought to be worth 90 to 95 U.S. cents, Ridout, outgoing head of the Australian Industry Group, said in an interview in Sydney yesterday.

RBA to Welcome ’Growth Girl’ After Pausing Australia Rate Cuts
Incoming Australian central bank board member Heather Ridout aims to bring more attention to the nation’s overvalued exchange rate as she joins the policy debate amid deliberations on lowering interest rates.

National Australia First-Quarter Profit Rises on Lending
National Australia Bank Ltd.’s cash profit climbed 7.7 percent in the first quarter as it increased lending faster than rivals, even as the profitability of loans waned on higher wholesale funding and deposit costs.

Australia floods fail to dampen big cotton crop
SYDNEY (Reuters) - Australia's projections for a bumper cotton crop remain on track despite a week-long deluge in major growing regions that forced thousands of residents from their homes and left rivers dangerously swollen. Australia is the world's third-largest cotton and sugar exporter, fourth-largest wheat exporter and a big supplier of other agricultural and mineral commodities. Heavy rains ...

National Australia First-Quarter Profit Rises on Lending Growth
National Australia Bank Ltd.’s cash profit climbed 7.7 percent in the first quarter as it increased lending faster than rivals, even as the profitability of loans waned on higher wholesale funding and deposit costs.

National Australia First-Quarter Cash Profit Rose 7.7%
National Australia Bank Ltd. said first-quarter cash profit rose 7.7 percent as the nation’s best- performing banking stock in the past 12 months boosted its share of the mortgage market.

Space Systems/Loral Selected to Provide Two Powerful Satellites for Australia's National Broadband Network
PALO ALTO, CA-- - Space Systems/Loral , the world's leading provider of commercial satellites , today announced that it has been awarded a contract to provide two high throughput communications satellites ...

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