Profits: CBA Second Half Slump Sees Banks, Market Down
No wonder the Commonwealth Bank (CBA) says it is cautious about its prospects for the 2011 financial year, despite po...
China: More Figures Confirm Slowdown
More evidence yesterday that China's economy is cooling, despite a rise in consumer price inflation thanks to the surge ...
Profits: Stockland Up
Stockland, Australia's biggest residential property trust, might have stormed back to full-year profit because of inc...
Profits: ComputerShare Hit By Market Slide
The slump in global markets in the June quarter, as well as in Australia, has cut the number of takeovers, global and lo...
More news
Sainsbury's milk bags trial a success
UK grocery retailer Sainsbury's will roll out their "eco-friendly" milk bags and jugs across their milk range, after a successful trial of 2% fat milk bags, which sold at double the expected rate.Sainsbury's said that milk is one of their biggest selling lines. Shoppers are now buying 120,000 semi-s...
Fonterra defends products amid new Chinese contamination claims
Fonterra has been forced to publicly defend the quality of its products amid allegations that Chinese customer and infant formula maker Synutra, whom Fonterra supplies, has sold milk powder that has caused premature breast development in three girls.The New Zealand dairy giant yesterday confirmed it...
Economy Watch: Oz Unemployment Data Just What The RBA Ordered
A snapshot of economist responses to today's Australian employment data for July, where jobs again increased but the unemployment rate also rose thanks to a higher participation rate.
Material Matters: Zinc Overshoots, China Orders And Coal Companies In Focus
A glance through the latest expert views and predictions about commodities with Macquarie arguing zinc prices have overshot fundamentals, China making changes in its commodity markets and BA-ML seeing upside for companies servicing Oz Coal mines.
ThinkSmart upbeat on further growth despite shares retreat
Following its announcement of interim dividend non-payment for the full year 2009/10 in order to retain funds and finance growth projections in the United Kingdom, ThinkSmart Ltd shares plunged by more than 13 percent on Wednesday.
IG Markets close of business report
The Australian market sees heavy selling
Australian share market closed sharply lower
The Australian share market closed sharply lower, dragged down by weaker banks and miners as concerns about the global outlook hampered investor appetite for risk.
CommBank defends monster profit
The Commonwealth Bank (ASX: CBA) defended its record net cash profit of $6.1 billion, up 42 per cent from last year, saying the group supported thousands of Australians through employment and dividend payouts.
Ed Hardy enters voluntary administration, cites sluggish sales
The Australian operations of street wear specialist Ed Hardy has entered voluntary administration as financial adviser Deloitte announced on Wednesday that the clothing company succumb to sales slowdown.
Woolworths new ‘Tassie Grown’ label to boost Southern Tasmanian farmers
The Minister for Primary Industries and Water, Bryan Green, today launched a new initiative from Australian supermarket group Woolworths (ASX:WOW) that will benefit farmers in Southern Tasmania.
Virgin airlines team up in loyalty program
Sir Richard Branson today announced that Virgin Atlantic Airways, Virgin America and V Australia/Virgin Blue are teaming up to offer each airline's loyalty program members the opportunity to earn miles or points when taking flights on their sister-branded airlines.
Extract Resources reveals tenfold uranium deposit upgrades on its Namibia project
Uranium miner Extract Resources Ltd (ASX: EXT) revealed on Wednesday a tenfold resource upgrade on its Rossing South project in Africa, elevating the site project as the world’s fifth biggest established reservoir of uranium so far.
Shares down as banks, miners lose
The Australian stock market was lower by noon, dragged by the banking and mining sectors, which both experienced losses.
A$ weakens as Asian stocks slide
The Australian currency was lower by midday following losses on Asian equity markets.
Get Off The Double Dip Trip, Says CBA
Commonwealth Bank economists believe the global economy is recovering as it should from such a significant financial crisis and there is no need to fear a return to recession.
Markets not happy with US Fed decision
The Australian market fell sharply today following negative leads from the US overnight.
Oakton Turnaround Continues
Oakton delivered a solid full year earnings result, one that leads brokers to suggest the group's turnaround is continuing.
June quarter rent stagnant due to economic concerns
Fears about the economy stopped landlords from increasing rents over the last three months even with extraordinary house price hikes, according to a quarterly survey by Australian Property Monitors.
Alumina foresees large benefits from cutting historic aluminium price link
Alumina (ASX:AWC), a 40 per cent partner in the Alcoa-managed AWAC global alumina joint venture, said the industry's drive for alumina to be traded on global markets on a spot price/index-related basis instead of linking it to aluminium metal prices will produce large benefits.
Australian Dollar Outlook 11/8/2010
The Australian Dollar continued to be sold off late yesterday and into the evening trading session ahead of the widely anticipated FOMC Meeting overnight.
Australian Stock Market Report
The US Federal Reserve has left the federal funds target between zero and 0.25 percent but it has elected to further support a slowing economy.
World Market Overview
U.S. stocks fell Tuesday as weakness in the supply chain system for personal computers weighed on Intel and Microsoft while signs of tapering demand in China weighed on materials stocks including Alcoa.
Daily Forex Commentary 11/8/2010
The Aussie dollar traded lower yesterday dropping from 0.9160 to an Asian session low of 0.9105 following a disappointing NAB Business survey and Chinese Trade data which soured sentiment towards growth in the region.
US Economy: Fed Sits, Again
So the US Federal Reserve Open Markets Committee's statement at 4.15 am Wednesday has slowly become one of the more anti...
The Economy: NAB Spots An Emerging Concern In The Economy
Now there's either no good news in the latest business confidence and conditions update from the National Australia Ban...
China: House Prices, Cars Slowing
China's economy remains solid, with exports up in July to a record, imports down, property prices falling, car sales str...
China: Imports, House Prices, Cars Slowing
China's economy remains solid, with exports up in July to a record, imports down, property prices falling, car sales str...
Profits: Cochlear, Bradken
Cochlear Ltd has booked a 19% lift in annual net profit, and says the dynamics of the hearing implant industry remain po...
The Overnight Report: Fed Finds The Middle Ground
The QE2 remains at port but it will be kept fully supplied. After a wild ride, the Dow closed down 54. (Locked for subscribers until 10:00 AEST)
Profits: NAB's Profit Third Quarter Flat
National Australia Bank says it had quarterly cash earnings of $1.1 billion in the June quarter, in line with the quart...
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