Australia's deficit lowest since 1989

omss, this is your Australian Business update for Tue Aug 31 12:58:37 EST 2010
	Australia's deficit lowest since 1989 Enda Curran THE current account deficit in the second quarter was the lowest since 1989, the Australian Bureau of Statistics said today.   iSoft CEO steps down after poor result Michael Bennet ISOFT Group chief Gary Cohen has stepped down as part of a review after a horror full-year result.   Centro still faces big challenges Ross Kelly DEBT-laden Centro Properties Group posted a full-year net loss of $652.7 million today and said it still faced significant challenges.   ANZ National chief Fagg steps down John Durie ONE of Australia's highest-ranked female executives, Jenny Fagg, has stepped down to help her recovery from breast cancer.   Crack down on banks has its risks: RBA UPDATE: James Glynn CRACKING down too hard on banking regulation could be counterproductive as banks would then take risk outside the system, the RBA says.   No silver bullet to fix economy: Obama Jared Favole PRESIDENT Barack Obama says his economic team is working to identify new measures to stimulate US growth but there is no "silver bullet".   UBS wary of Wotif spending plans Michael Bennet UBS isn't sold on Wotif.com's revised marketing strategy, downgrading the stock on the additional spend.   Google buy to help tackle Facebook Scott Morrison GOOGLE has bought social games start-up SocialDeck, the latest in a series of acquisitions aimed at competing with Facebook.   Financial Markets Stocks lower as global worries weigh THE Australian stockmarket was lower by early afternoon as uncertainty about the recovery in the global economy weighed.   Crack down on banks has its risks: RBA Wall St slides on US slowdown concerns   Financial Markets Coverage   Mining & Energy Minara plans to return capital Rebecca Thurlow MINARA Resources said it would return $111 million to investors after it swung back to profit today and confirmed production guidance.   Oil slips on worries US struggling Floods drain Beach profits   More Mining & Energy Coverage		12:51pm AMP CEO memo makes AXA pitch 12:49pm Stocks lower on uncertainty 12:44pm Mining tax brings tarnish to silver 12:26pm Stocks lower as global worries weigh 12:24pm Safety in numbers for ASX laggards 12:15pm Strong data increases rate hike chance 12:06pm iSoft CEO steps down after poor result 11:56am Exports to boost gross domestic product 11:51am Building approvals rise 2.3 pc in July 11:49am Newton factor hits the X Factor 11:48am Retail trade up 0.7pc in July 11:45am Australia's deficit lowest since 1989 11:30am Stratatel Ltd FullYear Results fo... 11:14am UBS wary of Wotif spending plans 11:02am Crack down on banks has its risks: RBA   More Business Breaking News
	Criterion Safety in numbers for ASX laggards BRACE yourselves for a torrent of red as a union of underperformers reluctantly reveals losses in a "safety in numbers" strategy. John Durie AMP CEO memo makes AXA pitch AMP boss Craig Dunn is rallying staff in the final days of his pitch to stop the NAB bid for AXA Asia Pacific. More Opinion Stories
	Agriculture ASX pulls the plug on unpaid listings Aviation Jetstar boosts big city routes Banking & Finance Crack down on banks has its risks: RBA Construction & Engineering Mining keeps economy afloat Green Business Electricity prices set to soar Healthcare iSoft CEO steps down after poor result Infrastructure & Utilities Atlas spins a $141m loss Legal Affairs Jakarta plea after detention riot Leisure & Gaming UBS wary of Wotif spending plans Manufacturing Watchdog may block Asahi's P&N move Media Newton factor hits the X Factor Mining & Energy Minara plans to return capital Primespace   Centro still faces big challenges Retail & Consumer Australia's deficit lowest since 1989 Small Business Dark clouds over small business Telecoms Google buy to help tackle Facebook Transport & Logistics Intoll downgraded on higher bid		Highlights No silver bullet to fix economy: Obama Jared Favole PRESIDENT Barack Obama says his economic team is working to identify new measures to stimulate US growth but there is no "silver bullet".   Banks chase cash with high rates Leaders bemoan lack of political vision   More Highlights   Executive Lifestyle Wildfire won't burn hole in your pocket Stuart Kennedy IF HTC's Wildfire were a person it would wear a blue singlet and sweat hard for a living.   Games old and new for iPhone and iPad What I've learnt   More Primespace Coverage   Portfolio Manager Currencies Map Portfolio Login RSS Feeds Alerts (Email/Mobile) Vanguard Volatility Chart Alerts Login Interactive Charting
	Do not reply to this email, as this email address is not monitored. To unsubscribe from the Business Briefing click here
	Digital Edition | Contact Us | Advertise | Accessibility | Sponsorship | Terms & Conditions | Privacy Policy Copyright 2010 News Limited. All times AEST (GMT +10).