BUSINESS

More news

Campari's 150th anniversary art label limited editions

Campari's 150th anniversary campaign introduces three new limited editions labels by three different contemporary artists: Tobias Rehberger, Vanessa Beecroft and art collective avaf.The three labels, chosen by curator Caroline Corbetta, are part of the Campari Art Label Project, designed to confirm ...

Queensland awards its favourite sausages

Queensland awards its favourite sausagesThe 2010 Queensland Sausage King has awarded the year's best Queensland sausages, from a field of over 800 top sausages, already awarded in regional competitions around Queensland.Among the 46 awards, six overall winners were chosen, each top of their class: T...

NAB Kicks Of Bank Earnings Season

Australian banking major, National Australia Bank has posted a 22 per cent rise in its third quarter cash profits, which rose to $1.1 billion, as bad debt charges fell."In the June quarter NAB delivered solid, sustainable business results, improved customer satisfaction and remained financially stro...

Analysts focus on next year’s outlook

Analysts believe blue chips such as Commonwealth Bank (ASX:CBA), Qantas (ASX:QAN) and Telstra (ASX:TLS) will meet market expectations when they announce annual earnings this week, says a newspaper.

Brisbane workers union decries job losses to Chinese competitions

The Australian Manufacturing Workers Union (AMWU) said on Monday that up to 120 workers suffered job losses when a Brisbane rail factory relocated to China as the union warned that more job cuts can be expected with more manufacturing companies opting to outsource their contracts.

LNG project urges Eastern Star to raise $100m

Pressing on with its ambition to be one of the first Australian companies to turn coal seam gas into LNG for export, Eastern Star Gas (ASX:ESG) has launched a $100 million share placement and declared it has acquired land for a small-scale LNG processing plant in New South Wales.

Whitehaven likely target of US firms

American companies First Reserve and Alpha Natural Resources (NYSE:ANR) are contemplating a $3 billion takeover of Australia's Whitehaven Coal (ASX:WHC), which has confirmed it has had a data room open to suitors for some time.

Australian housing finance declines in June

Housing finance for owner-occupied commitments in Australia slumped by a seasonally-adjusted 3.9 per cent in June, well above analysts' prediction of a 2 per cent decline.

ResMed Wide Awake

Sleep disorder group ResMed delivered a solid result according to brokers, with most remaining positive on the expectation earnings momentum will continue in coming quarters.

Job ads edge up in July

Australian job advertisements rose in July, with both online and newspaper ads higher after three months of successive declines, according to a survey by Australia and New Zealand Banking Group Limited (ASZ:ANZ).

Watson possibly eyeing Sigma

US-based Watson Pharmaceuticals (NYSE:WPI) has not ruled out a $600 million takeover bid for Australian healthcare group Sigma Pharmaceuticals (ASX:SIP).

Australian Dollar Outlook 9/8/2010

The Australian Dollar has opened this morning just under 0.9200 after breaching this level on Friday night after the market digested the release of US July non-farm payrolls that saw a decline of 131k in the month, which was more than the forecast loss of 65k.

World Market Overview

U.S. stocks fell modestly in a day of volatile trading Friday, after a disappointing jobs report cast fresh doubts over hopes for the U.S. economic recovery.

Daily Forex Commentary 9/8/2010

Friday's release of the RBA Monetary Policy statement swayed little from the recent central bank rhetoric with a relatively neutral document.

Bendigo & Adelaide Bank profit up 190%

Australia-based Bendigo and Adelaide Bank (ASX:BEN) has announced a 189.5 per cent rise in annual net profit and claims it has "sound reasons for restrained optimism".

Jimmy Choo on sale yet again

Celebrity shoe provider Jimmy Choo is reportedly considering a potential sale of the business floating an asking price of $A869.11 million and as reported by the Sunday Telegraph over the weekend, the company is seeking out investment banks for further determination of its business options.

Markets: Shares Close Up

American shares recovered after earlier losses on Friday in the wake of the release of poor July jobs figures.But they ...

Earnings: Buffett's Option Hit

Warren Buffett turns 80 on the 30th of this month, and as an unwelcome advance present, his Berkshire Hathaway company h...

CBA under scrutiny over expected $6bn profit

A possible record $6 billion-plus profit from the Commonwealth Bank of Australia (ASX:CBA) this week will reawaken issues that major banks are giving a boost to their bottom lines at the expense of clients.

Mixed leads for Australian share market

The Australian share market has received mixed leads from offshore markets over the weekend, with Wall Street and oil prices closing negatively, and precious metals finishing higher.

Pages

  • MOST READ IN Business