Australia's GDP growth fastest in three years

omss, this is your Australian Business update for Wed Sep 01 13:17:26 EST 2010
	GDP growth fastest in three years Daniel Morrissey THE Australian economy picked up surprising speed in the second quarter, growing at its fastest quarterly pace in three years.   Shares soar on robust GDP data AUSTRALIAN stocks were more than 1.5 per cent higher by early afternoon as stronger than expected economic growth boosted shares.   Lazard shuns Dun & Bradstreet IPO UPDATE: Michael Bennet LAZARD has shunned an initial public offering of Dun & Bradstreet Australia and chosen the trade sale route via a $233 million sale.   Nufarm debt jumps 38pc on forecast Ray Brindal NUFARM today said its debt would rise 38 per cent beyond last month's forecast as it confirmed its profit guidance for 2009-10.   Catastrophic failure on Qantas US flight Steve Creedy, Aviation writer QANTAS will fly a new engine and engineers to San Francisco after a "catastrophic failure" on a jumbo bound for Australia early today.   Ammtec rejects higher Campbell offer Michael Bennet MINERALS testing firm Ammtec has again rejected an increased offer from Campbell Brothers and urged shareholders to "ignore" its suitor.   Australian forex market growth slows Enda Curran THE Reserve Bank said today activity in Australia's foreign exchange market continued to grow since 2007, though at a slower pace.   Federal Court upholds Elders appeal Ray Brindal THE Federal Court has upheld Elders's appeal against a tax office assessment relating to its predecessor Futuris Corp.   Financial Markets Shares soar on robust GDP data AUSTRALIAN stocks were more than 1.5 per cent higher by early afternoon as stronger than expected economic growth boosted shares.   GDP growth fastest in three years Australian forex market growth slows   Financial Markets Coverage   Mining & Energy Ammtec rejects higher Campbell offer Michael Bennet MINERALS testing firm Ammtec has again rejected an increased offer from Campbell Brothers and urged shareholders to "ignore" its suitor.   Oil price tumbles on demand concerns Gold price moves close to record highs   More Mining & Energy Coverage		01:09pm GDP puts interest rates back on agenda 01:00pm 2nd Tranche consumer laws apply f... 12:54pm Shares soar on robust GDP data 12:36pm Stocks higher on GDP boost 12:33pm Super economy leaves doubters in dust 12:30pm Diploma Group Full Year Results a... 12:25pm Economic growth hits the 'sweet spot' 12:21pm Ammtec rejects higher Campbell offer 11:50am GDP growth fastest in three years 11:39am Economy grew at 1.2pc in June quarter 11:31am Catastrophic failure on Qantas US flight 11:10am JPMorgan backs Bravura 'reject' call 11:00am Shares open higher, snubbing US moves 11:00am Pryme Complete Placement, Announc... 10:49am Lazard shuns Dun & Bradstreet IPO   More Business Breaking News
	Criterion Super economy leaves doubters in dust IT'S official: Australia is now the Kryptonite economy, with a 1.2 per cent boost in second-quarter GDP. John Durie GDP puts interest rates back on agenda BETTER than expected second-quarter GDP figures have put interest rate rises back on the agenda sooner rather than later. More Opinion Stories
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