New cost hit to power sector

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woow, this is your Australian Business update for Tuesday, 10 July 2012
	New cost hit to power sector Annabel Hepworth REFORMS to the electricity sector proposed by ASIC will drive up costs, increase risk and stifle competition, suppliers warn.   US stocks sink on woe trio Matt Jarzemsky WORRIES about Europe's debt crisis, China's slowdown and domestic earnings pushed US stocks overnight.   I was misunderstood: Tucker David Enrich and Dana Cimilluca A TOP Bank of England official denied pushing Barclays to fudge Libor, saying that Bob Diamond misunderstood his comments.   Eurozone close to Spanish deal Laurence Norman and David Roman EUROZONE finance ministers were set to give Spain an extra year to cut its deficit, as yields on the country's debt crept above 7pc.   Iluka fall signals a bleak forecast Barry FitzGerald MORE than $1.1bn was wiped from the value of Iluka after the leading mineral sands producer slashed sales volume expectations   Qantas asks ACCC to approve Asian ties Steve Creedy, Aviation writer QANTAS has warned its pan-Asia strategy will come under threat unless the ACCC allows it to enter more joint ventures.   Telstra rules out buy, for now Mitchell Bingemann and Darren Davidson TELSTRA has denied it is poised to make a large-scale acquisition in the media sector.   Kennett looks beyond Packer Michael Bennet JEFF Kennett has backed the expanding presence of Malaysian casino group Genting in Australia and defended his independence.   Financial Markets Dollar decline to continue THE dollar was slightly higher despite weak global share markets, but is expected to fall longer-term against the greenback.   US stocks sink on woe trio Super funds fill gap as banks retreat   Financial Markets Coverage   Mining & Energy Iluka fall signals a bleak forecast Barry FitzGerald MORE than $1.1bn was wiped from the value of Iluka after the leading mineral sands producer slashed sales volume expectations   $1.2bn coalmine gets approval Oil prices edge up after slump   More Mining & Energy		08:10am Euro rebounds slightly on US dollar 07:59am Audi sees 13% sales jump in June 07:40am CommSec Morning Market Wrap 07:39am Dollar decline to continue 07:30am Today's Calendar of Events 07:19am Eurozone close to Spanish deal 07:10am Alcoa posts 2Q net loss in slowing economy 07:04am I was misunderstood: Tucker 06:56am Kiwi eases from record-high against euro 06:56am Oz sharemarket set to open higher 06:50am US stocks sink on woe trio 06:48am $A up despite weakness in Europe and US 06:21am US stocks lower ahead of earnings season 05:56am US consumers borrow more on credit cards 05:29am EU ministers meet to solve Spain crisis   More Business Breaking News     Australian Market Data at 05:00PM Index / Security Price Change Percent All Ords 4159.8 -39.20 -0.93% S&P/ASX 50 4168.2 -35.40 -0.84% ASX200 4118.3 -39.50 -0.95% S&P/ASX 300 4108.8 -39.80 -0.96% S&P/ASX MidCap 3537.9 -46.90 -1.31% S&P/ASX Small Orders 2126.3 -37.60 -1.74% S&P/ASX 20 2504.6 -19.20 -0.76% S&P/ASX 100 3378.7 -30.40 -0.89% Click here
	Robin Bromby Coalminers feel the squeeze MANY domestic coal producers will be lucky to break even at current prices, commodity watchers say. Criterion Dire data, but still ahead of herd A TASTE for two-bob resource juniors has not helped our cause. More Opinion Stories
	Companies Kennett looks beyond Packer Markets Dollar decline to continue Wealth How to bridge the gap on super limit Aviation One second that brought systems down Economics Handouts softened GFC blow Financial Services I was misunderstood: Tucker Legal Affairs Asian shift broadens diversity focus Media Panellists have no editorial practice Mining & Energy Iluka fall signals a bleak forecast Property Decision on Barangaroo casino looms Small Business US and Australia vie for Chinese tourists		Heard on the Street France eludes bond market sheriffs Richard Barley FOR now, the bond market is offering France a free pass. But Mr Hollande can't rely on this state of affairs lasting for ever.   Jobs data should set Fed to work Rainy-day investing in India   More Heard on the Street   Deal Journal Australia Maori problem for NZ power sales Lucy Craymer A LINGERING dispute over New Zealand's founding document could halt Wellington's plans to partially sell four energy companies.   Ironbridge plots retail selloffs Leighton sells Theiss waste to Germans   More Deal Journal Australia
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