A few shareholders vented their frustration with the Westpac Office Trust's (ASX:WOT) disappointing performance, while a massive majority gave the nod at a unitholder special meeting called in Sydney yesterday to vote on Mirvac Group's (ASX:MGR) $1.2 billion takeover of the trust.
Sharon Olalia Jul 22, 2010
The AUD has opened back below USD0.8800 this morning after financial markets retreated on Federal Reserve Chairman Ben Bernanke's comments before a US Senate Banking Committee.
James Kong Jul 22, 2010
On Wall St, early gains after strong results from Apple and Morgan Stanley were quickly erased once Fed Chairman Ben Bernanke began his speech.
James Kong Jul 22, 2010
The US Federal Reserve chairman, Ben Bernanke, delivered semi-annual testimony on the economy, saying that the outlook for the economy was ´´unusually uncertain.´
James Kong Jul 22, 2010
Stocks dropped broadly Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank is not prepared to consider further stimulus in the near term despite what he called an unusually uncertain outlook.
James Kong Jul 22, 2010
The Australian Dollar opens lower against the greenback at 0.8780. The Aussie was supported around US88 cents during local trade yesterday by further talk of a rise in the official cash rate.
James Kong Jul 22, 2010
BHP Billiton may be 'cautious' about the outlook for global growth and demand for its many commodities, but it is at lea...
Admin System Jul 22, 2010
Shares in Woolworths weakened yesterday after Australia's largest retailer revealed another quarter of slowing sales gr...
Admin System Jul 22, 2010
Perth-based mineral tester, Ammtec, has used a very positive earnings update to again remind shareholders that they shou...
Admin System Jul 22, 2010
The ongoing merger between the gold mining industries big players, Newcrest and Lihir, has reportedly sparked its first ...
Admin System Jul 22, 2010
AXA Asia Pacific Holdings says it expects first-half operating earnings to rise 5.7% as it continues discussions with th...
Admin System Jul 22, 2010
Facebook announced on its official blog that the number of people using the social-networking site had reached 500 million. The figures mean one in every 14 people on the planet has now signed up to the online community.
Sharon Olalia Jul 22, 2010
Bernanke opened his mouth and Wall Street plunged in a heartbeat last night. Dow down 109. (Locked for subscribers until 10:00 AEST)
Admin System Jul 22, 2010
The Australian stock market is forecast to open lower, after major indices on Wall Street shed more than 1 per cent and the benchmark crude oil contract plunged below $US77 a barrel on the US Federal Reserve's dull outlook for the American economy.
Sharon Olalia Jul 22, 2010
The Australian dollar opened lower, after the US Federal Reserve confirmed fears that the US economy has weakened.
Sharon Olalia Jul 22, 2010
Coles has announced a plan to phase out the use of sow stalls by its producers by the end of 2014, with the first shipments of cage-free pork in the Coles Butcher line beginning next year. Coles already offers sow stall-free pork in the Otway, Linley Valley, and KR branded Outdoor Reared ranges.The ...
Admin System Jul 22, 2010
Consumer advocacy group CHOICE has awarded Michel's Patisserie top honours in a review of ten of Australia's coffee chain stores.CHOICE brewed and reviewed espressos made from the standard beans used at ten of Australia's top coffee chains.Michel’s Espresso beans came out 'a clear winner', with a ...
Admin System Jul 22, 2010
Brokers are sticking to 24% upside targets for BHP.
Admin System Jul 22, 2010
Australian investment banking major Macquarie is seeking offers valued at approximately US$3.5 billion for Real Estate Investment Trust (REIT) Sprint Finance Corp. If a deal is successful, it would be the largest sale of a U.S. based REIT in over three years.The Bloomberg news service which cited un...
Admin System Jul 22, 2010
EBay, the online auction site and owner of PayPal has reported second quarter profits which were better than expected, but threw a note of caution saying it expects adverse currency movements to have a negative impact on overseas sales.According to the Bloomberg news service, Ebay’s Second-quarter...
Admin System Jul 22, 2010
Chief executive Cameron Clyne's strategy to make National Australia Bank (ASX: NAB) the people's bank are paying off with the firm showing the best gains of the banking cartel.
Sharon Olalia Jul 21, 2010
The Australia 200 CFD Index added 0.2%, with material names leading the market higher.
Admin System Jul 21, 2010
The Australian share market closed higher on Wednesday, led by gains in the mining sector.
James Kong Jul 21, 2010
The Australian share market notched up a second session of wins today, with the All Ordinaries Index (XAO) rising 10pts or 0.2pct to 4428.7.
James Kong Jul 21, 2010
Australia's economy is likely to grow quickly in the coming months, according to a leading index of activity, which reflected an acceleration in growth in the recent quarter.
Sharon Olalia Jul 21, 2010
Woolworths Ltd (ASX:WOW) has reported a 1.8 per cent increase in same-store food and liquor sales for the fourth quarter, indicating a slower growth pace compared to the prior quarter.
Sharon Olalia Jul 21, 2010
Having emerged from the Macquarie stable, Citi suggests investors are not yet recognising the value in Southern Cross Media.
Admin System Jul 21, 2010
Commonwealth Bank researchers argue that Australian house prices are only overvalued by outdated measures.
Admin System Jul 21, 2010
Australia's mining giant BHP Billiton Ltd (ASX:BHP) says it remains cautious on the short-term outlook for the global economy, even after achieving record annual production results for its petroleum and iron ore divisions.
Sharon Olalia Jul 21, 2010
Global investment and advisory firm Babcock & Brown Ltd considered acquiring rival Allco Finance Group Ltd while it was dealing with a cash crunch of its own that ultimately led to the $10 billion financial empire's demise.
Sharon Olalia Jul 21, 2010
