BUSINESS

RBA Undecided On Further Interest Rate Hikes

The Australian central bank has signalled that interest rates may be held steady over the next few months, if inflation data which is to be released next week is in line with forecasts. “The important question for the board at its next meeting would be whether the new information materially change...

CBA Says Australian Consumer Spending Weak

A new report authored by Commonwealth Bank suggests that whilst the job market is stronger, consumer spending is at its weakest level since the height of the global financial crisis.The Commonwealth Bank Business Sales Indicator (BSI) fell by 0.3 per cent in trend terms in June after a similar decli...

GE Capital Say Smaller Australian Lenders Still Find Funding Difficult

Non bank financial company GE Capital says raising finance for smaller lenders continues to remain difficult for smaller lenders when compared to the major banks.Skander Malcolm who runs GE Capital in Australia says that because the banks have large depositor bases they were able to fund raise more ...

IG Markets Australian Market Wrap

The Australia 200 CFD Index closed 1.5% lower at 4358.3, with industrial and consumer discretionary names leading the market lower.
More news

Risk Aversion Back On The Rise

Analysts are warming towards the idea of more US dollar weakness, but at the same time risk aversion is back, and on the rise.

IG Markets Morning Prices

On Wall St, US markets slumped during Friday evening's session as a report showed consumer sentiment had dropped to its lowest level in a nearly a year and earnings reports disappointed market expectations.

World Market Overview

U.S. stocks face a volatile week with a torrent of earnings due, facing up against concern about the economy's underlying strength.

Australian Dollar Outlook 19/7/2010

The Australian Dollar once again retreated during Friday evening's trade as concerns about the global economic recovery emerged and equity markets headed down in Europe and the US.

Daily Forex Commentary 19/7/2010

The Aussie dollar held onto support around 0.8750 in early offshore trade rallying back above the 88 cent handle on the back of gains in EUR/USD.

NAB gets more time

National Australia Bank Ltd. has reached an agreement with AXA Asia Pacific Holdings Ltd., AXA SA to extend the period for NAB to satisfy the concerns raised by the Australian Competition and Consumer Commission until Aug. 31.

Australia's food sector signs up to RSPO

The Australian Food and Grocery Council (AFGC) has become Australia's first industry association to gain membership to the Roundtable on Sustainable Palm Oil (RSPO), the world's leading not-for-profit organisation supporting sustainable use and production of palm oil.The RSPO was established by the ...

Organic farming set to fly in 2010-2011

With the new financial year upon us, business information research and analysis group IBISWorld has compiled its annual list of Australian industries set to fly and fall in the next 12 months. According to IBISWorld, organic farming will be the biggest winner in 2010-2011 as Australians consider the...

Australian Stock Market Report - Closing

The Australian share market pulled back once again today only a little with the S&P/ASX 200 index easing by 0.40pct. The market finished around 0.5pct lower this week.

Supermarkets race forge ahead of profits

Coles and Woolworths, the major supermarket players in Australia, continue to spend huge amounts of money for marketing, of which the results will be shown when both post their sales revenues for the fourth quarter in the week to come.

Sundance’s Mbalam obtains approval

Sundance Resources Ltd's (ASX:SDL) Mbalam project has received environmental approval for from the Cameroon government in West Africa, according to the iron ore explorer.

Pages