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Federal Budget
FEDERAL BUDGET NEWS AND COMMENTARY
Click here for all our coverage of the federal budget. 1:30 PMLocal shares higher
Strong commodity prices boost the market, BHP gains on rumours of Chinese bidder. 12:44 PMBHP Billiton may add cash to Rio Tinto bid: CEO
Miner's shares buoyed by rumours Chinese company is seeking a stake. 1:31 PMBudget unlikely to affect interest rates
Analysts say budget figures unlikely to affect RBA policy. 1:26 AMInflation key issue in federal budget
CPI seen easing in the next fiscal year, as high rates curb spending. May 13Highlights of the 2008/09 federal budget
Tax cuts affordable: Moody's
ABC Learning shares jump after budget
NAB won't rule out St George Bid
CEO John Stewart says he's keeping an eye on the situation. 1:00 PMWestpac offers $18.6bn for St George
In depth: full St George takeover coverage
CSR FY profit falls 35%
Wage price index up 4.1%
Oil hits record near $US127
Leighton wins Indonesia, UAE contracts
Expansions total $719 million, coal mine, university. 10:21 AMUS stocks fall on record oil, inflation fears
Wall Street troubled by Fed comments financial markets still troubled. 7:11 AMSingTel Q4 profit up 9% on Asia mobile growth
Optus parent full-year net profit reaches $US3.96 billion. 11:31 AMBusiness groups give budget thumbs up
New budget will help increase confidence in financial markets, groups say. 4:29 AMThree new funds set up to absorb surplus
Health, infrastructure and education funds get $40 billion. 1:27 AMGovt to up intake of skilled migrants
Extra 37,500 places set to deliver $1.9 billion over four years. 2:10 AM
The Spectators
Circling St George
STEPHEN BARTHOLOMEUSZ NAB and ANZ will no doubt be crunching the numbers on a counter-bid for control of St George – though if they were to proceed they would encounter hurdles that Westpac does not face. 12:48 PM
No turning back
MARTIN WOLF, FINANCIAL TIMES Get used to high oil prices. It's unlikely that demand for oil will collapse, as it did after the two previous price spikes, or that massive new oil supplies will come on stream. 1:00 PM
Write-ups for the brave
DWIGHT CASS As debt markets recover slightly, Wall Street banks could easily demonstrate better results in coming quarters – but premature 'write-ups' could be punished by the market. 1:00 PM
BUDGET 2008: Chest not hairy, mouth not dry
ALAN KOHLER The reaction to the budget has been mostly negative with many unconvinced that the spending cuts are big enough to tackle inflation. But in my view, this is definitely not an inflationary budget. 7:59 AM
BUDGET 2008: The nitty gritty
MATTHEW JOHNSON It was nice that the budget didn't include any new spending but overall the $2 billion increase in the surplus was almost entirely due to higher taxes. 9:48 AM
BUDGET 2008: Nip, cut, slash
ALAN KOHLER This is more Lindsay Tanner’s budget than Wayne Swan’s or Kevin Rudd’s. Remarkably, Tanner has found $2 billion more in savings than Swan and Rudd are spending. May 13
BUDGET 2008: Mauling higher incomes
ROBERT GOTTLIEBSEN Treasurer Wayne Swan and Finance Minister Lindsay Tanner have unveiled a secret weapon to maul the finances of higher income families – and all in the name of tax 'fairness'. May 13
BUDGET 2008: Swan's ten-year plan
BARRIE CASSIDY It looks likely that there will be significant infrastructure projects underway all over Australia by the time Australians next vote – without the risk of an overheated economy. May 13
Wheels & Deals
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