Its 25 years since the turnaround at Woolworths was kicked off by retailing legend Paul Simons who decided to use the phrase: 'The fresh food people" to tag the struggling retailer to make it different from the then dominant Coles Myer.It worked, kick starting a comeback from Woolies that is part of Australian corporate lore as Simons' successors, especially Roger Corbett revamped not only the retailer, but the entire supermarkets business by chasing gains from suppliers to stores.
...
Trade data out yesterday for December, the second quarter and the first six months of the 2011-12 financial year put the lie to suggestions that our minerals boom has been derailed or is sagging as a result of the drop in iron ore and coal prices late last year.
In part two of our feature on Goldman Sachs, we look at Goldman's networks of power in Europe and consider the ways in which Goldman is using the same dangerous financial products, which caused the 2007 crisis, to bet against Europe's floundering economies whilst governing, or advising those countries. Finally, we ask what can be done to reduce Goldman's power.
By Greg PeelThe Dow fell 9 points or 0.1% while the S&P rose 0.1% to 1325 and the Nasdaq rose 0.4%.What a rollercoaster ride.
By Ejaz Ghani, Economic Advisor at the World BankMention China and India to economists and their first thought will be rapid growth.
By Greg PeelThe Dow closed up 83 points or 0.7% while the S&P gained 0.9% to 1324 and the Nasdaq added 1.
Australian shares had a very solid month, among the best of major markets and outperformed the US and some European bourses.
- Emerging markets historically the best equity performers in February- Aluminium the best of the commodities, natural gas the worst- USD likely to struggle against the yen this month- Tough month for some Australian and US bondsBy Chris ShawEmerging markets tend to be the pick of equity markets in ...
The Conference Board consumer confidence reading dipped unexpectedly in January, slipping from 64.8 to 61.1. Consensus expectation had been for a further gain up to 68.0.
The Australian Dollar rallied off opening levels yesterday as Australian business confidence rose to its highest level in seven months, a survey by National Australia Bank showed.
The Dow was in line for a fourth straight decline after a weaker than expected reading on consumer confidence erased early gains prompted by agreements designed to address Europe's sovereign-debt issues.
The mixed nature of the Australian economy was on display yesterday in reports from the monthly National Australia Bank business survey and the Reserve Bank's credit data for December and 2011.
In one respect it was a clever bit of marketing by Woolworths yesterday to announce the restructuring and sale of its Dick Smith consumer electronics chain at the same time as it revealed weak sales figures, especially from its core Australian supermarkets and liquor business in the December quarter and half year.
Previous reports have confirmed a continuing slowdown in exports and the first yearly trade deficit for years, and yesterday we had a sharper improvement in industrial output in December, but a small rise in unemployment, offset by a rise in consumer spending.
By Greg PeelThe Dow fell 20 points or 0.2% while the S&P was flat at 1312 and the Nasdaq rose 0.1%.The US broad market S&P 500 has marked a 4.
As countries in Asia develop, there are more reasons and opportunities for both investors and offshore companies to pour their millions into offshore banks and even more reason for off shore banking to flourish in Asia.
Now that Fitch and Moody have upgraded Indonesia's credit rating to an investment grade economy, the future is looking up for economic growth for Southeast Asia's largest economy.
Thanks to India’s new “Look East” policy aimed at expanding the country’s investment and influence to the east, and a 100-kilometer pot holed land bridge to Southeast Asia, trade between India and Myanmar—also known as Burma—is booming and the US government is interested.
By Greg PeelThere's a reasonable amount of demand around for uranium at present, according to industry consultant TradeTech, but not in the spot market.
FNArena has added another video to its Investors Education section on the website. For this latest video presentation, ATW's Jerry Simmons has dedicated extra time on market movements and technical insights for crude oil futures.
By James Stanley, Trading Instructor, FXCMCentral bankers are tasked with the role of governing an economy in an attempt to ensure financial stability.
Ahead: In Australia, private sector credit, RP data house price index and the NAB business survey are released. In the US, the S&P CaseShiller home price index is released.
US oil major Chevron has booked its first reserves for the Wheatstone LNG project offshore WA which started being developed late last year.
BKI Investment Company Ltd (the old Brickworks Investment Co) yesterday revealed a 5.2% lift thanks to higher dividends from its half a billion or so dollars of listed investments.
On the eve of releasing what are expected to be average second quarter and first half sales figures, Woolworths Ltd has revealed three new directors, two of whom have considerable retailing success stories, though from different sides of the aisles.
By Greg PeelThe Dow fell 6 points while the S&P lost 0.3% to 1313 and the Nasdaq dropped 0.2%.Well blow me down.
Goldman Sachs is the bank everyone loves to hate. In the first of our two-part investigation into the bank, we ask why they emerged as the biggest winners in the financial crisis.
By Peter Switzer, Switzer Super Report27 January 2012Okay, the stock market has been nice to investors since October with Wall Street up over 20% and we have put on more than 10%, but the critical question is can it last?An even more interesting question is: can Aussie stocks surge over 40% as one v...
While equities had another good week in most markets (Europe fell for the first time in four weeks), the real stars were commodities with gold and copper notching up good gains as 'risk on' returned to fashion among investors and speculators.
The US economy's performance in the December quarter and 2011 underlined the performance of much of the global economy: warm in places, cool in others.