Westpac not replacing CEO Kelly
Westpac has dismissed a report that it is looking to replace chief executive Gail Kelly.
Centro Properties sale attract major bidders
The Centro Properties sale of its 600 U.S. shopping centers and 112 overseas malls has attracted interest from six high-profile local and overseas companies.
ASIC standardises reporting of short positions
The Australian securities regulator on Wednesday issued a class order which aims to clarify and standardise reporting of short positions in the Australian securities market.
Australian Stock Market Report - Midday
Strength from mining stocks is managing to keep the Australian share market slightly firmer at lunchtime in the East, although worries about the economic cost of the Queensland floods is also having an impact.
More news
World Market Overview Report 12/01/2011
U.S. stocks rose Tuesday as worries eased over the euro zone debt crisis, but the gains were pared in the afternoon as a shaky start to the earnings season made investors hesitant to leave big bets in the market ahead of an expected snowstorm in the New York metropolitan area.
A380 to resume US routes on Sunday, says Qantas
National carrier Qantas (ASX: QAN) today announced it would resume A380 services between Australia and Los Angeles, commencing with QF93 from Melbourne to Los Angeles on 16 January.
Queensland floods update: Optus mobile network still up
Optus, Australia's second-largest telecommunications carrier, says the there has been limited impact to the Optus mobile network in the flood affected areas of Queensland as of 4pm today.
Australian stock market closes lower as investors fear economic impact of floods - 11/01/2011
Australian stocks closed slightly lower on Tuesday, with investors targeting defensive stocks due to concerns over the economic impact of the Queensland floods.
Floods disrupt Australian coal export, US coals fill market gap
As coal mining in Queensland came to a grinding halt due to floodwaters, many buyers run to U.S. coal producers to meet their needs.
Australian Stock Market Report - Closing
The local share market closed flat today, although companies directly affected by the Queensland floods were sold off.
Brisbane residents warned to move to higher ground
Brisbane residents are being advised to move to higher ground as heavy rains continue to pour in the state as authorities fear that the death toll from the floodwaters will continue to rise.
Aust job advertisements on the upswing
The total number of jobs advertised in major metropolitan newspapers and on the internet rose for the eighth consecutive month, the ANZ Job Advertisements Series shows.
Australian executives optimistic for 2011
Australian executives are positive on the economic outlook for 2011, despite weakness in consumer spending, according to a business expectations survey by Dunn & Bradstreet.
South Australia sending team to help in flood rescue efforts
The South Australian government is sending a State Emergency Service crew to help rescue efforts in Queensland in addition to increasing its contribution from $300,000 to $1 million.
GM's Opel to launch as a stand-alone brand in Australia next year
General Motors Co.'s Opel unit says it plans to start exporting cars to Australia in 2012.
Victoria government extends deadline for small dam registration
Victorian residents wanting to build new household dams in areas located on the rural-urban fringe will be allowed a two-month grace period to register starting from January 1.
Number of mortgages drop in Western Australia
The number of mortgages in Western Australia dropped in December as more people considered fixed-rate mortgages to counter the threat of rising interest rates.
Qantas budget airline Jetstar partners with WTA
Qantas (ASX: QAN) unit Jetstar has been named the first ever official airline partner of the Women's Tennis Association (WTA) and its tournaments across the Asia Pacific region until 2013.
Australian Stock Market Report - Midday
Local stocks are once again trading in the red mid-session, due to concerns about the impact the Queensland floods will have on insurers and banks, and thanks to a weak lead from offshore markets and a fall in metals prices in London.
Gas hub in Broome to impact local house prices
The proposed gas hub slated at James Price Point, north of Broome, will impact the local housing raising prices and increase rents says the president of the Real Estate Institute of Australia
Australian dollar outlook 11/01/2011
The AUD had a somewhat volatile night during the offshore session last night, especially compared to its recent tight trading ranges.
Australian Stock Market Report - Morning
The Chicago purchasing managers index for December was revised down from 68.6 to 66.8, but this is still well up on the 61.9 reading in November.
Daily forex forecast -11/01/2011
Australian Retail Sales gained for the month of November with the figure coming in at 0.3% compared with previous month’s abysmal reading of -1.1% .
World Market Overview 11/01/2011
U.S. stocks were mainly lower Monday, as worries mounted over the health of the euro zone economy and deal activity weighed on the Dow Jones Industrial Average.
Lift in November retail data an 'anomaly'
Retailers will be pleased to see an increase in retail figures in November, but this will not be enough to save the year, according to the Australian National Retailers Association (ANRA).
Australian stock market inches up as mining losses balance out retail, industrial gains
Australian stocks made small gains as losses among big miners were offset by higher retail and industrial shares.
Australian Stock Market Report - Closing
The Australian share market managed a small win today, after trading in the red for most of the session.
Transfield earnings not hurt by Queensland floods
Transfield Services (ASX: TSE), an Australian provider of operations, maintenance, asset management and project management services, says its earnings have not been materially impacted by the Queensland floods.
Coles customers donate over $1 million for Queensland flood appeal
Customers of Wesfarmer’s (ASX: WES) Coles supermarkets have donated over $1 million to help the victims of the Queensland flood disaster.
Arc Exploration resumes West Papua gold, copper project
Arc Exploration (ASX: ARX) had recommenced on its highly prospective West Papua project held under a strategic alliance with global mining player Anglo American.
QR National flood damages could reach $46 million
Flood damages to coal hauler QR National’s rail network could reach $46 million, severely affecting the company’s earnings for the fiscal year, says analysts.
Increasing fixed loan demand shows consumer caution, says mortgage broker
Australians' demand for fixed rate home loans has not been this high since May 2008, according to loan approval figures from the country's largest independently-owned mortgage broker.
Retail trade figures rise for November 2010
Retail trade increased in November 2010 with turnover rising by 0.3 percent from a 0.8 percent decline in October.
Australian construction continues to decline, albeit at slower pace
Activity in Australia's construction industry remained relatively subdued in December last year, according to the the latest Australian Industry Group Australian Performance of Construction Index (PCI).
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