Result Page 532 for Latest Business News & Archive

The Overnight Report: For What It's Worth

While Wall Street enjoyed a public holiday the rest of the world took the opportunity to take a breather as well. European indices down 0.3% in thin trade.

Market to start flat

The Australian bourse is expected to start flat this morning after taking mostly flat to negative leads from major Asian and European markets yesterday as Wall Street stayed closed for the US July 4 Holiday.

The Economy: Jobs Growth Solid, Thanks To Internet Ads

If you looked at yesterday's ANZ job ads figures for June, there's only one conclusion: the analogue world of newspapers...

The Economy: Jobs Growth Solid, Newspapers Irrelevant As The Net Booms

If you looked at yesterday's ANZ job ads figures for June, there's only one conclusion: the analogue world of newspapers...

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Birds Eye UK launches sustainability initiative

UK frozen foods business Birds Eye Iglo is launching a company-wide sustainability plan called 'Forever Food'.The group has committed to sourcing 100% of wild and farmed fish from certified fisheries by 2012, reduce packaging by 15% by 2012, reducing water consumption used in manufacturing by 20% by...

RBA Flags No Intention For Further Hikes

Today's statement released by the RBA suggests the reserve bank is happy to sit on the sidelines and to stay there.

Stronger Than Expected Demand To Eventually Drive Oil Prices Higher

While investor fears have weighed on oil prices in recent months Barclays Capital notes the demand picture has continued to improve, supporting the group's view prices are headed higher.

Australian Banks Likely To Raise Rates Independent Of Central Bank Tightening

The chief operating officer of regional lender Bank of Queensland Ram Kangatharan, says that Australian banks face deteriorating funding conditions which likely cause lenders to raise interest rates independently of the central bank.Mr. Kangatharan says that the deteriorating funding climate is addi...

Australian Housing Grows More Unaffordable

According to the findings of a new report, housing in Australia has gotten increasingly unaffordable over the last year, with first time buyers needing stump up 10 per more for a deposit.The report which was released by Bankwest suggests that a couple in Australia now needs to raised $85,800 as a de...

IG Markets Australian Market Wrap

The Australia 200 CFD Index closed 0.4% softer at 4222.1, with industrial and consumer staples names detracting most of the points.

Cardno set to raise $49 million for planned acquisitions

Cardno Ltd said Monday that it is set to raise $49 million through capital raising, which the company intends to use on planned acquisitions of two leading US environmental consultancy group and balance sheet strengthening.

Aussie dollar moves up, ends 5-day skid

The Australian dollar moved up ending a five-day drop against other currencies, as Asian stocks advanced and signs the nation's labour market is improving enticed demand for higher-yielding assets.

Economy Watch: Inflation And Job Ads Up

A snapshot of economist responses to today's TD Securities inflation gauge and ANZ's job ads survey.

June sees record new car sales as buyers regain market confidence

Private buyers armed with boosted confidence came back blazing on the market in June and pushed the month’s new car sales to a record high, according to the latest figures released by the Federal Chamber of Automotive Industries (FCAI) on Monday.

Crude oil slumps due to economic fears

Crude oil futures plunged for a fifth consecutive session today, recording the steepest weekly decline since early May.

Australian Stock Market Report - Midday

The Australian share market is currently posting some modest gains with the S&P/ASX 200 index currently flat. Our miners are mostly stronger with the S&P/ASX 200 Materials index up just over 0.5pct or 59pts to 11316.6.

Asian stocks rally

Asian stocks jumped at mid-day trading, lifting the MSCI Asia Pacific Index higher for the first time in five days, as takeover news of two Australian companies and a weaker yen boosted the outlook for Japan's exporters raised the appetite of investors.

Macquarie Telecom surpasses guidance

Macquarie Telecom Group claims its preliminary full year results have come in above guidance.

Centennial shares soaring

Shares in Centennial Coal have opened 34 per cent stronger after the company agreed to a $2.5 billion acquisition offer from Thailand's Banpu Public Co Ltd.

Global Risk Aversion Holding Back Oil Prices

There remain mixed views on the outlook for oil prices, with ANZ Bank identifying some short-term downside risks but Barclays and Commonwealth Bank remaining positive on medium-term prospects.

Rising inflation ups rates pressure

The rate of inflation soared for the eighth straight month in June, along with the prices of food, travel and insurance services while Australia moves closer to total employment.

Elders says it still has support of banks despite repeated downgrades

Elders Ltd still enjoys the support of its banking partners and the company’s long-term outlook is very much encouraging, that according to chief executive Malcolm Jackman as Elders came out as one of the worst performing stocks on the Australian Securities Exchange (ASX) in the 2009/10 financial year.

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