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Date: Wednesday, 10 March, 2010 :: 10:59

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RBA says labour market strong
The Australian labour market is quotquite strong quot a senior Reserve Bank of Australia RBA official says.

Housing finance fall may stop rate hikes
A larger than expected fall in housing finance commitments could stay the Reserve Bank 39s hand and spare borrowers another interest rate rise economists say.

Five banks to manage QR National IPO
The Queensland government has appointed five banks to manage its multi-billion dollar float of the QR National freight and infrastructure servicing business.

Australia & #39;s youth bore brunt of downturn
Australia 39s youth bore the brunt of the financial downturn while older workers experienced relative increases in salaries and job stability a survey shows.

Magnetic Resources Nl (ASX:MAU) Identifies 188km Of Iron Ore Targets
Perth Australia Mar 10 2010 - ABN Newswire - Magnetic Resources Nl ASXMAU has now completed 94 of a 3480sq km high resolution aeromagnetic survey of its tenements over multiple target areas in the south west of WA ASX release 17 February 2010. The aeromagnetic survey comprises about 16280 line-km of flying on a 250m line spacing in areas where much of the historic aeromagnetic data is based on a line spacing of 1600m.

Ancient river courses found below Simpson Desert
Researchers have uncovered the courses of ancient river systems under the Simpson Desert in Central Australia.

Housing finance market plummets
The combination of higher interest rates and the expiry of the boost to the first homeowners grant has driven a big fall in housing finance in January.

ABN Newswire Stocks to Watch: March 10, 2010
Sydney Australia Mar 10 2010 - ABN Newswire - Galaxy Resources Limited ASXGXY PINKGALXF said it has commenced exploration on its West Kundip manganese project tenements with the completion of a VTEM airborne electromagnetic survey. This survey has defined several anomalous zones potentially related to bedrock conductors which could represent targets for manganese mineralisation. The Board of Conquest Mining Limited ASXCQT PINK

Shipbuilders call for new direction
The Australian shipbuilding industry wants the Federal Government to step in and help steer the industry back on course.

Retail health hinges on budget medicine
Access Economics is warning retail spending in Canberra will bear the brunt of any tough decisions made in the federal budget.

WesTrac to expand at near-boom levels
The Kerry Stokes-owned heavy equipment firm that is also the proposed merger partner with Mr Stokes 39 Seven Network Holdings Ltd is set to expand amid a surge.

Australia shares steady; banks track Wall St gains
SYDNEY March 10 Reuters - Australian stocks was flat on Wednesday as banks and telecom stocks tracked gains on Wall Street offsetting losses in the miners.

Economic capacity need improvement: RBA
Australia 39s economic future will be challenged by an under-supply of capacity and housing the Reserve Bank of Australia RBA says.

D'Aguilar Gold Limited (ASX:DGR) Updates On The Merger Of AusNiCo Limited And Lions Gate Metals Inc. (CVE:LGM)
Brisbane Australia Mar 10 2010 - ABN Newswire - Further to DAguilar Gold Limiteds ASXDGR previous announcements of 3 and 16 September and 21 December 2009 the Board of Directors is pleased to announce that it is on track to merge its 80 subsidiary AusNiCo Ltd with Tier 1 TSX.V listed Lions Gate Metals Inc. CVELGM PINKLGMFF.

Seek lifts stake in Malaysian business
Online jobs agency Seek Ltd has increased its presence in Asia after paying 3623.5 million to more than double its stake in a Malaysia-based jobs website.