(说话前要吸气的伤不起）Now that would put the annual inflation rate at 2.4 percent. Economists say inflation will need to be  significantly lower for the Reserve Bank to consider another interest rate cut. 

 

The ABC's confirmed that Canadian dairy company Saputo has obtained a majority stake in Warrnambool Cheese&butter factory after protracted takeover battle. Fund Manager Jeoff Wilson from Wilson Asset Management agreed yesterday to sell his one per...1.1 percent stake to the Canadian firm.

 

Now that managed to lift Saputo's holdings to just over 50 percent,putting ahead of a rival bid by a local dairy cooperative.

 

The US stocks are having a rocky session after some major firms including Johnson. Johnson announced their latest profits a short... a short time ago. The Dow was trading about a third of a percent lower. The Nasdaq gained half a percent. The S&P 500 rose slightly. London's FTSE was relatively steady, shedding a few points. 

 

And commodity prices.

 

West Texas Crude is 92 US dollars and.... Tapis Crude is at 115 US dollars a barrel. And gold is trading at 1242 US dollars an ounce.

 

The Australian dollar is at 88 US cents, holding their 65 Euro cents and 53 pence sterling.