THE U-S FEDERAL RESERVE CHIEF ....BEN BERNANKE HAS DEFENDED THE CENTRAL BANK'S AGGRESSIVE ASSET BUYING POLICIES .

BEN BERNANKE SAID THE BENEFITS OF THE FED'S QUANTITATIVE EASING POLICIES WILL CONTINUE UNTIL THE JOB MARKET SHOWS SUBSTANTIAL IMPROVEMENT

HE SAID THE MOVES WERE UNLIKELY TO CAUSE INFLATION OR ASSET-PRICE BUBBLES.

AND DENIED THE MEASURES ARE PART OF A SO-CALLED INTERNATIONAL CURRENCY WAR

THE SOOTHING WORDS FROM BEN BERNANKE HAVE HELPED SHIFT THE INVESTOR FOCUS FROM LOOMING POLITICAL DEADLOCK IN ITALY

THE AUSTRALIAN SHAREMARKET IS FOLLOWING WALL STREET HIGHER

THE ALL ORDINARIES INDEX

THE ASX 200 INDEX

U-S MARKETS RECOVERED FROM STEEP LOSSES IN THE PREVIOUS SESSION

THE S AND P 500 INDEX ADDED TWO THIRDS OF A PER CENT

THE AUSTRALIAN DOLLAR WEAKENED AGAINST THE GREENBACK AFTER COMMENTS FROM THE U-S FED CHAIRMAN.

ANNUAL PROFIT AT THE WORLD'S BIGGEST SHOPPING CENTRE OPERATOR HAS JUMPED 18 PERCENT THANKS TO RENT INCREASES.

WESTFIELD SAYS IT MADE ONE-POINT-SEVEN- BILLION DOLLARS IN 20-12

THAT'S AN 18 PER CENT INCREASE ON THE PREVIOUS YEAR

THE COMPANY SAID ITS AUSTRALIAN SHOPPING CENTRES PERFORMED WELL, DESPITE SUBDUED RETAIL CONDITIONS.

INVESTORS WILL A FULL-YEAR DIVIDEND OF 49-AND A HALF CENTS A SHARE.

THE LOY YANG POWER STATION IN VICTORIA LAST YEAR.

THE COMPANY MADE 365 MILLION DOLLARS IN THE PERIOD.

THAT'S WELL UP ON THE 117 MILLION IT MADE THE SAME TIME A YEAR AGO.

BUT IT'S WARNED THAT PROFIT FOR THE REST OF THE YEAR WILL BE LIMITED BY LOW ELECTRICITY DEMAND, VOLATILE PRICING IN QUEENSLAND AND DEREGULATION IN SOUTH AUSTRALIA

AND NEW RESTRICTIONS ON COAL SEAM GAS PROJECTS IN NEW SOUTH WALES.

INVESTORS WILL GET A FULLY FRANKED INTERIM DIVIDEND OF 30 CENTS A SHARE.

 

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