BUSINESS

Daily Forex Commentary 2/8/2010

Greenback weakness across the board has helped put the Australian Dollar back over US90 cents during offshore trade on Friday and we open in Sydney this morning at 0.9050.

AMEC denies new anti-mining tax ads are political

The Association of Mining and Exploration Companies (AMEC), which represents junior and mid-tier miners, has begun a new advertising campaign against the Gillard government's resources tax but dismisses it as it is politically influenced.
More news

Qantas struggles to keep Africa duopoly deal

Qantas Airways (ASX: QAN) is having difficulties persuading authorities to award a two-year extension to its team up with South Africa Airways on the productive Australia-Africa route.

Macquarie’s Bold Bet On Research Paying Off

Australian investment banking major says it intends to continue investing heavily in research, after its strategy of doing so paid off during the global financial crisis.Richard Sheppard, Macquarie deputy managing director said that the investment bank’s commitment to research has helped the compa...

Eagle Boys' new gourmet lunch menu

Securing a larger slice of the lucrative lunch market, Eagle Boys has launched a new gourmet sandwich range for hungry workers that can be delivered directly to a workplace, construction site or household.The new Toasted Turkish sandwiches are available in Chicken & Cheese, BLT, Ham Cheese &...

Woolworths and IGA: supermarkets go local

Australian supermarkets are adopting various strategies to tap into the growing trend to 'go local'. Independent grocery network IGA recently launched an advertising campaign emphasizing the local individualism of each of its 1,000 independent stores. The launch came days after Woolworths announced ...

Industry call for Breastfeeding-Friendly Workplaces

Australia's largest manufacturing industry - the $100 billion food and grocery sector - will be encouraged to establish breastfeeding-friendly areas for mothers who return to work.As part of World Breastfeeding Week 2010, the Australian Food and Grocery Council (AFGC) and the Infant Nutrition Counci...

Next government to be grilled at NFF National Congress

Whoever wins the federal election on August 21, the National Farmers' Federation's (NFF's) 2010 National Congress in Melbourne over 6-7 September will place attendees ringside as political heavyweights slug it out over agriculture and the major issues affecting the farm sector.Policies directly impa...

Don't Write Off Mac Bank Too Soon

While trading conditions for the Macquarie Group appear worse than assumed, brokers are looking to longer term apparent value to rate Australia's only investment bank.

China July PMI Dips Below 50

As predicted by FNArena, the monthly HSBC/Markit PMI Survey for Chinese manufacturers dipped below 50 in July.

Waitrose launches iPhone app and mobile website

Waitrose has moved into the mobile space with the launch of its first ever iPhone app and mobile website.The app and channel have been designed in response to more and more users accessing Waitrose.com through their mobile devices and demand for easier access to the Waitrose brand through digital ch...

Heinz to sell beans in plastic jars

HJ Heinz is set to begin offering its baked beans in a resealable bottle called the 'Fridge Pack' in the UK.The US food giant said on Friday (30 July) that the Fridge Pack had been designed to cater for consumers who may use more than a can or only part of a can when cooking for their families.The p...

Saturday now the cheapest day to gas up

Saturday is now the most economical time to buy petrol although it is not likely to stay that way for long, said Australia's National Roads and Motorists' Association.

Lending rose in June, RBA reports

Total credit provided to the private sector by financial intermediaries rose by 0.2 per cent over June 2010, following an increase of 0.5 percent over May, the Reserve Bank of Australia said in a statement.

Software Only launches Retrospect 8.2 for Mac

Software Only today released Roxio Retrospect 8.2 for Mac, a key update to the backup and recovery software that allows small and midsize businesses to protect critical data stored on Mac, Windows, and Linux servers, desktops and notebooks.

House prices rare fall in June

Australian city home prices declined in June, the first time in 17 months as interest rate hikes sent auction clearance rates lower.

Australian Stock Market Report - Midday

It looks likely that the Australian share market will finish weaker for the second straight day with the S&P/ASX 200 index off by 0.6pct or 25.5pts to 4498.6.

Market lower as finance and oil sector weigh

With Australia's largest investment bank, Macquarie Group, announcing profit warning for some sections of its business, the local market opened lower and stayed on the red for most of the morning trade. The pull from the oil and gas sector also proved a weight on the market today.

Miners nearing ad protest against MRRT

The Association of Mining and Exploration Companies, which represents small and medium-sized miners, is planning to relaunch an advertising blitz against the 30 per cent minerals resource rent tax.

Pages