BUSINESS

The Economy: Retailing Again Weak

No joy for retailers from the latest sales data from the Australian Bureau of Statistics yesterday which showed a rise of just 0.2% in February.
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Interest Rates: RBA Sits, Again, Hints At May 1 Cut

It was a close run thing at yesterday's April meeting of the RBA board, a rate cut almost happened, judging by the significant change to the wording of the key part of the post meeting statement from Governor Glenn Stevens.

Corporates: Metcash Cuts Jobs, Restructures/OneSteel’s New Name

The weak retail sales data from the ABS helps explain why Metcash, the big grocery retailer and hardware and liquor distributor and retailer announced a big restructuring yesterday of its basic grocery distribution businesses and the write down of an investment in retailing in Queensland.

Australian Stock Market Report – Midday 4/5/2012

The Australian share market has started the final day of the shortened trading week on a negative note, as profit takers move in ahead of the Easter break and following weakness on offshore markets overnight. US and European markets retreated following a disappointing Spanish bond auction and as investors anxiously debated what markets would look like without more stimulus from the US Federal Reserve. In early trade on the local market, the All Ordinaries Index (XAO) is down 34.5pts or 0.8pct to...

Samsung Announces Delay for Samsung Galaxy Tab 2 Line

Korean-based firm Samsung announced that there will be a delay regarding the Samsung Galaxy Tab 2 line. The company announced that the Samsung Galaxy Tab 2 line will be likely to be available by the end of April, 2012.

Australian Exports Down 2% in February

Australia's exports declined 2 per cent in February which contributed to a trade deficit of $480 million. It is the second largest trade deficit for the country since early 2010.

Instagram Now Available in Android

Instagram, the popular photo-sharing app is now available for Android users. It was first exclusively offered to iPhone users for the past 18 months but it has now expanded to Android-based smartphones.

James Murdoch Relinquishes BSkyB Chairmanship

Apparently taking too much heat from the scandals hounding his family's media empire, James Murdoch announced on Tuesday his resignation as chairman of British Sky Broadcasting (BSkyB).

Mercedes-Benz B-Class Launched

The all-new, second-generation Mercedes-Benz B-Class has launched in Australia with three model variants making up the range: B180, B200 and B200 CDI.

McLaren MP4-12C Supercar for Rent

Now we all know how most rental cars get treated, but we suspect this McLaren MP4-12C may be treated with a little bit more respect by its users.

Global Markets Overview 04/04/2012

Stocks fell after details from the Federal Reserve's most recent policy meeting offered no signals that immediate monetary stimulus is on the way, prompting investors to question whether the rally can continue without a prime driver.

Icarus Signal New Entries For Today: Big Four Banks

Daily update on share prices and consensus price targets.By Rudi Filapek-Vandyck, Editor FNArenaSector analysts at JP Morgan summed it up succinctly this morning: shares in Australian banks have appreciated noticeably in the first three months of the year, supported by a variety of factors, but this...

Is Transfield The Next Leighton?

By Greg PeelConstruction company Leighton Holdings ((LEI)) has been stuck with two disastrous legacy projects in the form of the Victorian desal plant and the Brisbane airport link, not to mention Middle East projects that remain a constant risk.

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