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AACo warns of $60m loss after hard times

Shares in AACo fell 8c to $1.32. The forecast annual loss follows AACo's report in August of a $30.3 million loss for the first half, which was accompanied by the departure of the then chief executive, Stephen Toms. In August AACo had forecast a profit for the second half, assuming cattle

Herd mentality points to bigger loss for AACo

The forecast loss follows a $30 million loss in the first half of 2009, and guidance last November when the company forecast ``(no) significant earnings before interest and tax contribution in the second half of the financial year''. ``While the financial results are still subject to

AACo downgrades guidance to $53-60m loss

AAP Grazier Australian Agricultural Company has downgraded its profit guidance, saying it now expects to report a loss of $53 million to $60 million for 2009. The forecast loss follows a $30 million loss in the first half of 2009, and guidance last November when the company forecast
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Korean GDP expands at fastest pace in 7 years

South Korea's economy grew at its fastest pace in more than seven years in the third quarter, relying on an inventory build rather than other growth drivers and so pressuring the central bank to cap interest rates this year. Gross domestic product rose a seasonally adjusted 2.9 per cent in

Korean GDP expands at fastest pace in 7 years

South Korea's economy grew at its fastest pace in more than seven years in the third quarter, relying on an inventory build rather than other growth drivers and so pressuring the central bank to cap interest rates this year. Gross domestic product rose a seasonally adjusted 2.9 per cent

Aussie recoils from 3-mth peak; rate suspense mounts

The Australian dollar pulled back further from a three-month high on Tuesday as suspense mounts over the decision of the central bank's monthly policy meeting, which is seen as a very close call.

Aussie races to 6-mth peak vs yen; rate decision eyed

* Aussie hits six-mth peak vs yen, firm above 71 U.S. cents

Prime expecting H1 profit to fall

Regional broadcaster Prime Media Group Ltd is feeling the impact of a deteriorating advertising market, predicting a 19 per cent decline in first half earnings.