Australian department Store Myer Holdings Ltd announced total sales for the 26 weeks to 29 January 2011 were $1.73 billion, down 3.5 percent compared to last year. On a like-for-like basis, excluding the impact of new stores, refurbishments and Myer Melbourne, sales were down 5.2 percent.
Sharon Olalia
Mar 17, 2011
Pursuing a dangerous tact to quell a nuclear disaster, Japan has used helicopters to cool down the nuclear reactors at the Fukushima nuclear power facility.
Christine Gaylican
Mar 17, 2011
An unsolicited offer has been made by Carlyle Securities L.P to purchase up to one million Contact Energy shares(NXE: CEN), Origin Energy (ASX: ORG) said today. Origin owns 51 per cent of Contact.
Sharon Olalia
Mar 17, 2011
Macquarie Group has announced today that its chairman David Clarke has formally stepped down from his post to address some personal health issues.
Christine Gaylican
Mar 17, 2011
The gains attained by the Australian dollar to reach parity along with the US dollar had been wiped away by the volatile pessimistic markets.
Christine Gaylican
Mar 17, 2011
- Oil is China's biggest import- Oil price strength pushing inflation higher- Currency revaluation should followBy Greg PeelAs Libya descended into civil war and Saudis threatened a Day of Rage, the price of Brent crude reached a peak above US$116/bbl. The Saudi protest did not materialise and thus took some of the heat off the oil price, but it is the immediate reaction to the Japanese earthquake...
Admin System
Mar 17, 2011
The AUD has gone into freefall this morning as fears grow over the ongoing nuclear crisis in Japan.
Jamelle Agbuis
Mar 17, 2011
By Greg PeelThe Dow closed down 225 points or 2% while the S&P lost 2% to 1256 and the Nasdaq dropped 1.9%. The S&P is now one point down for 2011.I suggested yesterday that Prime Minister Kan appeared to be keeping the world up to date with developments – a far cry from the Chernobyl incident in Russia which saw the first alarm raised by Sweden. The Japanese are renowned for their calm in a...
Admin System
Mar 17, 2011
News of another explosion at the Fukushima nuclear power station sent shockwaves through global markets.
Jamelle Agbuis
Mar 17, 2011
The Australian share market closed in the black for the first time in the past six trading sessions, triggered by strong gains in Tokyo and buoyed by bargain hunting.
Jamelle Agbuis
Mar 17, 2011
US producer prices rose by 1.6pct in February - marking the largest monthly increase in 18 months. In the 12 months to February producer prices were up 5.6pct. Energy price surged by 3.3pct in February.
Jamelle Agbuis
Mar 17, 2011
Gina Rinehart, the daughter of mining magnate Lang Hancock, is now the richest Australian ever.
Sharon Olalia
Mar 17, 2011
Global disasters will likely impact the Australian economy through the fourth quarter of 2011, with its expansion projected to be hampered by sluggish pace that experts said should commence by the second quarter of the year.
Erik Pineda
Mar 17, 2011
A rather bullish outlook from major miner Rio Tinto in its 2010 review released yesterday helped the shares rebound nearly 2% in yesterday's steadying market.The shares rose $1.53, or 1.98%, to $78.94 after being as high as $79.52 in the morning as investor sentiment about stocks, especially commodities and uranium miners (Rio has a mine or two in Australia and South Africa), recovered from T...
Admin System
Mar 16, 2011
Western Australian owned international shipbuilding company Strategic Marine has been contracted to provide high-speed patrol vessels for the Australian Federal Police.
Sharon Olalia
Mar 16, 2011
Australia-based uranium production company Paladin Energy Ltd (ASX: PDN) expressed its deepest condolences to the people of Japan following the tragic events of Friday 11 March 2011.
Sharon Olalia
Mar 16, 2011
The massive earthquake and the tsunami it spawned in Japan pushed back the late March launch of iPad 2 in the country even as Apple struggle to meet the refurbished tablet’s online demand, admitting on Wednesday that global consumers will have to endure weeks of delay.
Erik Pineda
Mar 16, 2011
Murchison Metals Ltd (ASX: MMX) has formally executed its agreement with Resource Capital Fund V L.P. (RCF V) for the US$100 million Bridge Finance Facility that was announced to the ASX on 19 November 2010.
Sharon Olalia
Mar 16, 2011
Telstra’s Yellow Pages publisher Sensis has followed the ways of other firms as it unveiled on Wednesday an iPad app that would allow the gadget’s Australian users to access directory database through the Apple bestselling product.
Erik Pineda
Mar 16, 2011
Giant internet firm Google continues its ongoing campaign of raising the quality of its services, snatching this week an Irish company that it deems would bring better technology in improving the video offerings of its subsidiary, YouTube.
Erik Pineda
Mar 16, 2011
National Australia Bank (ASX: NAB) today announced changes to the Group Executive Committee.
Sharon Olalia
Mar 16, 2011
Telecom New Zealand (ASX: TEL; NZE TEL) has today announced it will credit all residential customers’ landline calls to Japan. This includes calls made from landline to landline and landline to Japanese mobile phones.
Sharon Olalia
Mar 16, 2011
Patterson Cheney Pty Ltd, trading as Patterson Cheney Holden, has paid two infringement notices totaling $13,200 following an Australian Competition and Consumer Commission investigation into its promotional offer of a 'Free Extended Lifetime Mechanical Warranty'.
Sharon Olalia
Mar 16, 2011
Music and record-producing companies will soon realize the untapped potential of digital music subscription that will also curb the availability of free music downloads online.
Christine Gaylican
Mar 16, 2011
Web developers will get the most benefit with Microsoft's Internet Explorer 9 (IE9) launched early this week.
Christine Gaylican
Mar 16, 2011
- The eurozone has surprised by suddenly announcing new agreements- The bail-out fund is now bigger and concessions have been made to Greece- It's an improvement, albeit still not enough to cover Italy- But it may yet prove a turning pointBy Greg PeelLast week the world was distracted by MENA uprisings, including planned Saudi protests and the ongoing civil war in Libya. But Europe was suddenly ba...
Admin System
Mar 16, 2011
News of another explosion at the Fukushima nuclear power station sent shockwaves through global markets. With the Nikkei plunging more than -10%, the largest one day decline since 1987, risk liquidation accelerated weighing the Aussie down. Initial reactions saw the Australian Dollar slide to 0.9925 against the Greenback.
Lawrence Villamar
Mar 16, 2011
U.S. stocks sank Tuesday as worries deepened over the specter of a nuclear crisis and economic slowdown in Japan, but encouraging comments from the Federal Reserve kept the losses in check.
Lawrence Villamar
Mar 16, 2011
- Experts are trying to assess Japan's earthquake and commodity market implications- LNG, Coal likely winners- Long-term contracts to support uranium- Oil price forecasts also liftedBy Chris ShawThe full impact of the damage and losses suffered in Japan in the wake of the earthquake and tsunami that struck on Friday afternoon still cannot be accurately assessed, but with markets remaining open bro...
Admin System
Mar 16, 2011
By Greg PeelThe Dow closed down 137 points or 1.2% while the S&P lost 1.1% to 1281 and the Nasdaq dropped 1.3%.The first thing to note here is that Australia is currently leading Wall Street rather than following it as usual, given the critical situation at present is in the Asian time zone. Having fallen 6% on Monday, yesterday the Nikkei fell another 10% as the focus moved from the cost of the t...
Admin System
Mar 16, 2011
