Wesfarmers’ (ASX: WES) Coles today cut the price of breakfast cereals, including some of Australia’s favourite brands. This comes after the supermarket giant sparked the discounting war last month by dropping prices for home brand milk to $1 a litre, and supermarkets, including Woolworths, matched it.
Australia's second largest bank Westpac Banking Corp Ltd (ASX:WBC) has estimated interest rates can go up by 5 percent in the third quarter.
- Spot uranium falls US75c to US$66.75/lb- DOE announces incremental sale of reserves- Probably not as scary as it seemsBy Greg PeelThe uranium spot price had been sailing furiously northward when a couple of weeks ago a large non-industry seller came into the market with an order of 800,000lbs to sell and sparked a blow-off top. Having peaked at US$73.00/lb a month ago, last week spot uranium fel...
- Spot uranium falls US75c to US$66.75/lb- DOE announces incremental sale of reserves- Probably not as scary as it seemsBy Greg PeelThe uranium spot price had been sailing furiously northward when a couple of weeks ago a large non-industry seller came into the market with an order of 800,000lbs to sell and sparked a blow-off top. Having peaked at US$73.00/lb a month ago, last week spot uranium fel...
FNArena has added another video to its Investors Education section on the website.Exhaustion And ReversalATW's Jerry Simmons offers his technical (Elliott Wave) analysis for US equities, oil and gold. His preferred scenarios seem the first is heading into exhaustion, the second is now in dubio about what direction next and the third one seems poised for weaker prices. Total duration for this broad...
FNArena has added another video to its Investors Education section on the website.Exhaustion And ReversalATW's Jerry Simmons offers his technical (Elliott Wave) analysis for US equities, oil and gold. His preferred scenarios seem the first is heading into exhaustion, the second is now in dubio about what direction next and the third one seems poised for weaker prices. Total duration for this broad...
The Australian Dollar opens up trading this morning in the low 1.0100’s after weaker equity markets and rising concerns about the tension in the Middle East.
By Greg PeelThe Dow closed down 79 points or 0.7% while the S&P fell 0.8% to 1310 and the Nasdaq dropped 1.4%.Let's start with yesterday's Australian data. The construction PMI rose to 44.6 in February from 40.2 in January to represent an easing of the pace of contraction but a contraction nevertheless, marking nine straight months of such. The January number was low given the weather impact.ANZ's...
The Australian Dollar was supported above US101 cents during Monday's Asian session after the ANZ series of job advertisements rose for the tenth consecutive month.
The technology sector led U.S. stocks lower Monday as an analyst downgrade weighed on the sector while investors continued to fret over the potential impact of rising oil prices.
US consumer credit surged by $5.01 billion in January, well ahead of analyst expectations and marked the fourth straight monthly gain.
Maurice Blackburn Lawyers had lodged claims with the Federal Magistrates Court in Brisbane on behalf of two former Virgin Blue public relations executives who were forced to take redundancies after confirming that they were pregnant or returning from maternity leave.
Up to yesterday it had been a tough six weeks or so for Salmat, the call centre and direct mail group.The shares peaked at their 12 month high of $4.98 in late January, but it has been all downhill since then.The company has produced an interim profit which disappointed, with the shares down 3.5% on the day of its release in late February.At the time the company said it was still confident of maki...
Australia's construction industry remained in the red in February, although the rate of contraction eased, with the Australian Industry Group Australian Performance of Construction Index (Australian PCI) in conjunction with the Housing Industry Association, edging up 4.4 points to 44.6. Readings below 50 indicate a contraction in activity.
Australian mining firm Cape Alumina (ASX: CBU) has announced the good results and drilling potential in its Bauxite Hills mines.
Driving and facebook can be done at the same time thanks to the next generation of luxury cars from Mercedes Benz, Audi, Land Rover, and Volkswagen, you would not be missing out on your social networking or emails while on a road trip.
Eight major airlines serving Australian consumers have improved the way they advertise airfares in response to concerns raised by the competition watchdog.
The Australian sharemarket has wiped out all last week's modest gains after just a few hours of trade this morning.
Increased competition in the home loan market, a wider range of variable loan special offers and extended cash rate stability look to be suppressing borrowers’ appetite for fixed rate loans.
Australia's top mining resources firms Rio Tinto and Woodside Petroleum have criticised plans to put a fixed price on carbon emission, without a clear form of compensation or exemption for local businesses and industries.
The Australian Bankers' Association (ABA) has consolidated efforts with the consumers group to protect the public against fraud and other cyber crimes.
The Australian Dollar opens up trading this morning in the mid 1.0100’s after the release of jobs data in the US on Friday which was close to expectations.
- Mesoblast is a leader in adult stem cell technology - Sector set for strong growth given interest from Big Pharma - Partner agreement with Cephalon provides funding for trials - Southern Cross Upgrades to Buy from Spec Buy By Chris ShawMesoblast ((MSB)) is an Australian biotech involved in the development of adult stem cell technology, which involves extracting bone marrow from donors, growing i...
(This story was originally published on Wednesday, 2nd March 2011. It has now been re-published to make it available to non-paying members at FNArena and to readers elsewhere).- Investors thinking this is but a temporary oil problem because of Libya are in for a rude awakening- Public debate is raging about what the Fed will decide if QE2 expires in June- Chinese economy is slowing and we might se...
- Genetically engineered organisms can potentially make the US energy independent within ten years- Joule Unlimited, not listed at this stage, is one pioneer in the field, and confident By Steve McDonald, Investment U Analyst Friday, March 4, 2011A genetically engineered organism that could make us energy independent? Joule Unlimited has invented one, which literally secretes diesel fuel and ethan...
(This story was originally published on Wednesday, 2nd March 2011. It has now been re-published to make it available to non-paying members at FNArena and to readers elsewhere).- Investors thinking this is but a temporary oil problem because of Libya are in for a rude awakening- Public debate is raging about what the Fed will decide if QE2 expires in June- Chinese economy is slowing and we might se...
- Genetically engineered organisms can potentially make the US energy independent within ten years- Joule Unlimited, not listed at this stage, is one pioneer in the field, and confident By Steve McDonald, Investment U Analyst Friday, March 4, 2011A genetically engineered organism that could make us energy independent? Joule Unlimited has invented one, which literally secretes diesel fuel and ethan...
After much caution on Friday ahead of key US jobs data, the Australian Dollar opens the new week little-changed at 1.0126.
Worries about the potential impact of oil's climb above $100 a barrel sent U.S. stocks lower Friday, but came short of wiping out gains recorded earlier in the week.
US non-farm payrolls (employment) rose by 192,000 in February, slightly above expectations for a gain of 185,000. But the unemployment rate fell from 9.0pct to a 2-year low of 8.9pct - below forecasts centred on a result near 9.1pct.