The Virgin Blue Group of Airlines (ASX: VBA) has ceased services to the New Zealand city of Christchurch today in the aftermath of the earthquake that has caused wide-spread damage.
Resource giant BHP Billiton (ASX: BHP) has agreed to acquire all of Chesapeake Energy Corporation's (Chesapeake) interests in the Fayetteville Shale, USA, including the midstream pipeline system, for US$4.75 billion, which BHP Billiton expects to fund from the Group's cash resources.
Vix Technology, which manages the technology for metcard and numerous international transport ticketing systems, has offered the Victorian government a replacement for myki that will not cost taxpayers or government an extra cent.
Australia's third largest mining firm Rio Tinto has announced that production at its coastal operations in the Pilbara region continue to be hampered by ongoing weather issues associated with Tropical Cyclones (TC) Dianne and Carlos, that are likely to impact on shipped tonnage for the first quarter of this year.
Hundreds of people have gathered on the Sydney Harbour foreshore to welcome massive ocean liners as they arrived today. Cunard’s newest ocean liner, Queen Elizabeth, arrived in Sydney for the first time this morning, following her larger sister, Queen Mary 2.
-Fantastic Holdings interim result better than expected - Company is addressing issues that have overhung the stock - Brokers upgrade to Buy ratingsBy Chris ShawThree brokers in the FNArena database -Macquarie, JP Morgan and Credit Suisse- provide coverage on furniture retailer Fantastic Holdings ((FAN)) and post the company's interim result all three have upgraded to the equivalent of Buy ratings...
By Greg PeelIt is the nature of commodity price movements that a sharp run-up, particularly one tracing out a parabolic curve, can be quickly followed by a sharp sell-off. These “blow-off tops” occur when the herd is running too wild to the upside and someone finally decides enough is enough. Panic profit-taking transpires.Spot uranium had run from the low forties to US$73/lb a couple ...
By Greg PeelIt is the nature of commodity price movements that a sharp run-up, particularly one tracing out a parabolic curve, can be quickly followed by a sharp sell-off. These “blow-off tops” occur when the herd is running too wild to the upside and someone finally decides enough is enough. Panic profit-taking transpires.Spot uranium had run from the low forties to US$73/lb a couple ...
-Fantastic Holdings interim result better than expected - Company is addressing issues that have overhung the stock - Brokers upgrade to Buy ratingsBy Chris ShawThree brokers in the FNArena database -Macquarie, JP Morgan and Credit Suisse- provide coverage on furniture retailer Fantastic Holdings ((FAN)) and post the company's interim result all three have upgraded to the equivalent of Buy ratings...
The Markit composite purchasing-managers index for the Euro Zone rose from 57.0 to 58.4 in February - well ahead of expectations and its highest levels since July 2006. The Munich based IFO Institute said its German business confidence index rose from 110.3 to 111.2 in February.
the dollar drifted off its lows for the day late in the European session with concerns over political upheaval in the Middle East, and Libya in particular, weighing even as activity slowed as the U.S. marked a public holiday. The euro, which had set a session high of $1.3727 after strong German economic data, began a gentle decline as the afternoon wore on, falling as low as $1.3647 and then rangebound in the mid $1.36 area.
Despite a hasty retreat from a lofty 101.50 US cents during Monday’s domestic session, the Australian Dollar has consolidated itself above parity against the greenback for the time being. In the absence of any local data, the unit was capped as some confidence was eroded after further policy tightening by China which threatens to reduce demand for Australian exports.
- Algae.Tec to list in Frankfurt, giving it access to the NYSE- Demonstration plant now under construction By Greg PeelAlgae.Tec ((AEB)) is the first company in the world to move towards commercialisation of algae-driven carbon capture and alternative energy production and is also first to market in employing patented technology in a modular system. Shares in Algae.Tec listed on the ASX on January...
- Algae.Tec to list in Frankfurt, giving it access to the NYSE- Demonstration plant now under construction By Greg PeelAlgae.Tec ((AEB)) is the first company in the world to move towards commercialisation of algae-driven carbon capture and alternative energy production and is also first to market in employing patented technology in a modular system. Shares in Algae.Tec listed on the ASX on January...
By Greg PeelThere is a rumour that Libya president Muammar Gaddafi has fled to Venezuela but this has been denied by the Venezuelans. We do know that Gaddafi has been abandoned by his UN representatives and that there have been other defections from within the regime. It seems likely now that after 42 years, Gaddafi will go the same way as Mubarak.The people power movement has moved west again to ...
By Greg PeelThere is a rumour that Libya president Muammar Gaddafi has fled to Venezuela but this has been denied by the Venezuelans. We do know that Gaddafi has been abandoned by his UN representatives and that there have been other defections from within the regime. It seems likely now that after 42 years, Gaddafi will go the same way as Mubarak.The people power movement has moved west again to ...
Increasing energy prices are impacting on businesses and the community, according to an Australian Industry Group report released today.
Recovering Japanese visitor numbers are prompting Air New Zealand (NZE: AIR) to operate Boeing 747-400 aircraft on the Tokyo route following five years of absence.
The Australian sharemarket is pulling back for the first time in three sessions with the All Ordinaries index (XAO) almost wiping out all of last week's gains.
Fortescue Metals Group Ltd (ASX: FMG) boss Andrew Forrest will appeal the shock ruling on Friday by the Federal Court that could lead to him being banned as a company director for breaching the Corporations Act.
A 43-year-old Burleigh Waters man has been charged by the Australian Federal Police (AFP) for importing 1.3 kilograms of gamma butyrolactone (GBL).
Caltex Australia Ltd (ASX:CTX), Australia’s only listed oil refiner, today announced an after tax profit of $318 million on a replacement cost of sales operating profit (RCOP) basis for the 2010 full year, excluding the impact of significant items of approximately $16 million after tax.
Australia's second biggest oil and gas producer Woodside Petroleum Ltd, has reported a 7 percent increase in profits to $1.58 billion in 2010 attributing it to high prices and record output at its North West Shelf natural gas project.
Australian businesses and households are urged to prepare for escalating electricity and gas prices beginning next year as the country struggles for environmental concerns.
The Australian Dollar has opened firmer this morning trading at 1.0130 following a positive Friday night in equity markets.
- Consumer Metrics' Rick Davies suspects high income earners in the US are distorting consumer survey data- Consumer Metrics own surveys are showing continued weakness in overall spending- Plus some additional discussion material on Bastiat's famous Broken Window concept Consumer Metrics Institute News: February 16, 2011 - Our Current Outlook and Bastiat's Broken WindowLakewood, ColoradoOur measur...
- Consumer Metrics' Rick Davies suspects high income earners in the US are distorting consumer survey data- Consumer Metrics own surveys are showing continued weakness in overall spending- Plus some additional discussion material on Bastiat's famous Broken Window concept Consumer Metrics Institute News: February 16, 2011 - Our Current Outlook and Bastiat's Broken WindowLakewood, ColoradoOur measur...
- Sumatra Copper and Gold exploring for gold and silver in Indonesia - Tembang project more advanced than previously thought - Share price implies significant upside to valuation, says DJ CarmichaelBy Chris ShawWhen a conservative valuation for a company is about four times above the current share price the stock appears worthy of greater attention, which is what DJ Carmichael has done in initiati...
- Sumatra Copper and Gold exploring for gold and silver in Indonesia - Tembang project more advanced than previously thought - Share price implies significant upside to valuation, says DJ CarmichaelBy Chris ShawWhen a conservative valuation for a company is about four times above the current share price the stock appears worthy of greater attention, which is what DJ Carmichael has done in initiati...
Another US- based market operator BATS Global Markets has entered a definitive agreement to acquire another market trader Chi-X Europe to create the largest pan-European trading centre in terms of market share and notional value traded.
