THE A-TRIPLE-C HAS DELAYED ITS DECISION ON THE PROPOSED MERGER OF VIRGIN AUSTRALIA AND TIGER AIRWAYS AUSTRALIA.

THE WATCHDOG is now SEEKING MORE INFORMATION FROM BOTH VIRGIN AND TIGER.

IT HAS REPEATEDLY EXPRESSED CONCERNS THAT VIRGIN'S PLAN TO BUY 60 PER CENT OF TIGER COULD REDUCE COMPETITION BY CUTTING OUT A THIRD MAJOR PLAYER IN THE DOMESTIC AIR TRAVEL MARKET.

CHINA'S EXPORTS HAVE SURGED BY TWICE AS MUCH AS EXPECTED...IN FEBRUARY RESULTING IN A MUCH BIGGER THAN EXPECTED TRADE SURPLUS.

OFFICIAL FIGURES SHOW THE TRADE SURPLUS CAME IN AT 15-POINT-THREE-BILLION DOLLARS

THE MARKET WAS EXPECTING A DEFICIT.

BUT IMPORTS DROPPED MORE THAN 15 PER CENT, WITH IMPORTS OF IRON ORE TUMBLING AS FACTORIES CLOSED FOR THE LUNAR NEW YEAR HOLIDAYS.

THAT CHINESE IMPORT DATA WEIGHED ON THE AUSTRALIAN DOLLAR - ITS LOST MORE GROUND AGAINST THE GREENBACK

ITS BUYING - 102-POINT- FOUR FIVE

THE AUSTRALIAN MARKET HAS TICKED HIGHER LATE IN THE SESSION

THE ALL ORDINARIES IS DOWN EIGHT POINTS

THE ASX 200 INDEX IS ALSO DOWN

TO THE MARKET MOVERS....

FAIRFAX IS SEVEN PER CENT STRONGER

GOLD MINER ST BARBARA IS NOT FAR BEHIND CONTINUING ITS RUN UP TODAY

IN CONTRAST ENGINEERING FIRM DOWNER EDI IS OFFOVER FOUR PER CENT AS IT GOES EX DIVIDEND

SPOT GOLD'S EASED OVERNIGHT..............

WEST TEXAS CRUDE OIL'S HIGHER

 

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