The Reserve Bank of Australia is ready to increase its policy interest rate if the nation's economic strength continues to point to higher inflation, the central bank said in minutes of its September board meeting released in Sydney today.
Investment bank Nomura Australia released a report showing the strong capability to face funding and liquidity issues.
The Chamber of Commerce and Industry in Tasmania is mulling the possibility of re-consolidating the state’s power generators in hopes of rationalising the region’s energy business following the spiralling electricity costs seen in the state lately.
Australia's Future Fund expanded its portfolio by investing in U.S. hedge funds and developed markets in the 2009 – 2010 financial year.
Energy firm New Hope Corporation Ltd (ASX: NHC) said on Tuesday that it still netted significant profit despite the substantial earnings slide it saw during the past full year as coal productions and exports of the company reached new heights for the year while sale of a major asset ensured its profitability.
The Australian dollar hit a 2 year high overnight, falling just short of USD 0.9500 after positive comments from RBA Governor Glenn Stevens yesterday boosted the local currency.
The US NAHB housing market index remained changed at 13 - the lowest level since March 2009. A reading above 50 indicates that more builders view sale conditions as favourable. The survey´s expectations index for the next six months fell to a 18-month low.
U.S. stocks rallied to their highest level in more than four months as encouraging financial and home builder earnings boosted confidence in the economic recovery.
The Aussie is taking no prisoners so far this week, continuing its rally from yesterday's open of 0.9362 to push through 0.9450 by the end of the Asian session.
Insurance Australia Group Limited (ASX: IAG) may have posted a slump in its profits last year, but it was still able to give the chief executive a raise.
Giant mining firm BHP Billiton Ltd (ASX: BHP) revealed on Tuesday that it has extended the period of its takeover bid for Canadian fertiliser producer Potash Corporation of Saskatchewan for another 30 days following receipt of notice from the Canadian Competition Bureau.
The Australian Competition and Consumer Commission (ACCC) proposal for telecommunications giant Telstra Corporation Limited (ASX: TLS) to lower its price will send ripples.
Retirement village Aevum Limited (ASX: AVE) seems to be close to hoisting up the white flag when its board of directors reluctantly recommended last night investors to accept offer from Stockland Corporation Limited (ASX: SGP).
Superannuation guardian Future Fund posted a 10.6 percent return for the financial year
The September share price index contract was 42 points higher at 4,693 this morning at eh Sydney Futures Exchange. The surge follows after Wall Street closed at a four-month high.
The Australian currency closed slightly higher on Monday after Central Bank governor Glenn Stevens gave a clear hint that higher interest rates would likely be needed if the economy accelerates as he expects.
The Australian bourse finished lower on Monday amid some profit-taking, although heavyweight mining and bank stocks partly recouped their losses after a speech by Reserve Bank of Australia governor Glenn Stevens described a "robust economic upswing" in Australia.
Perth-based Arafura Resources Ltd (ASX: ARU) said on Monday that it has been informed by the South Australian government that the company’s breakthrough rare earths processing complex would be given major project status.
The Central Bank today hinted an increase in interest rates as Reserve Bank of Australia governor Glenn Stevens said policy makers would manage what he described as a "robust economic upswing".
Uranium explorer Toro Energy Ltd (ASX: TOE) said on Monday that it is nearing the realisation of its uranium mine site following the approval granted by Western Australia’s Environmental Protection Authority (EPA) on the company’s scoping document for its Wiluna project.
Airport operator MAp Group (ASX: MAP) said on Monday that its majority-owned Sydney Airport saw soaring traffic in August as passengers travelling through the terminal registered 2.95 million in the month, which the company said was the best August result so far.
Generation X and the Milliniums could benefit from the retirement of the baby boomers.
The Australian currency is trading higher as the greenback weakens in the lead up to a lunchtime speech by the Reserve Bank of Australia governor.
After hitting a four-month high last week, the Australian stockmarket backpedalled at Monday noon, as miners and banks suffer profit-taking.
Construction materials specialist James Hardie Industries SE (ASX: JHX) said on Monday that it would appeal a Federal Court decision that ordered the company to pay back taxes of up to $US318 million or $A339 million, owed by its subsidiary RCI Pty Ltd.
Unlike the unstable share market, the bond market shows strength on Monday with the December 10-year bond futures contract slightly increased to 94.870 from Friday's close of 94.850.
Some of the largest employers of NSW secretly planned to flee the state after their power and gas bills soared up to 50 per cent, it has been revealed.
With more banks expressing willingness to settle the Storm Financial questions left behind by its collapse in 2008, a consumer group also expressed happiness that a resolution for investors affected by the meltdown may finally be in sight.
Spending picked up as Australian consumer outlook marginally improved, but is not a "cause for celebration" according to the Commonwealth Bank of Australia (ASX:CBA).
The Australian Education Union (AEU) in Tasmania will be seeking for teachers near retirement age to be offered payouts in order to open teaching opportunities for young educators.
