Even as consumer confidence rises, business confidence and conditions remain weak.The NAB's business confidence and cond...
A snapshot of economist responses to today's Australian employment data for July, where jobs again increased but the unemployment rate also rose thanks to a higher participation rate.
A glance through the latest expert views and predictions about commodities with Macquarie arguing zinc prices have overshot fundamentals, China making changes in its commodity markets and BA-ML seeing upside for companies servicing Oz Coal mines.
The Australian market sees heavy selling
The Australian share market closed sharply lower, dragged down by weaker banks and miners as concerns about the global outlook hampered investor appetite for risk.
The Australian operations of street wear specialist Ed Hardy has entered voluntary administration as financial adviser Deloitte announced on Wednesday that the clothing company succumb to sales slowdown.
Uranium miner Extract Resources Ltd (ASX: EXT) revealed on Wednesday a tenfold resource upgrade on its Rossing South project in Africa, elevating the site project as the world’s fifth biggest established reservoir of uranium so far.
The Australian stock market was lower by noon, dragged by the banking and mining sectors, which both experienced losses.
The Australian currency was lower by midday following losses on Asian equity markets.
Commonwealth Bank economists believe the global economy is recovering as it should from such a significant financial crisis and there is no need to fear a return to recession.
The Australian market fell sharply today following negative leads from the US overnight.
Oakton delivered a solid full year earnings result, one that leads brokers to suggest the group's turnaround is continuing.
The Australian Dollar continued to be sold off late yesterday and into the evening trading session ahead of the widely anticipated FOMC Meeting overnight.
The US Federal Reserve has left the federal funds target between zero and 0.25 percent but it has elected to further support a slowing economy.
U.S. stocks fell Tuesday as weakness in the supply chain system for personal computers weighed on Intel and Microsoft while signs of tapering demand in China weighed on materials stocks including Alcoa.
The Aussie dollar traded lower yesterday dropping from 0.9160 to an Asian session low of 0.9105 following a disappointing NAB Business survey and Chinese Trade data which soured sentiment towards growth in the region.
So the US Federal Reserve Open Markets Committee's statement at 4.15 am Wednesday has slowly become one of the more anti...
Now there's either no good news in the latest business confidence and conditions update from the National Australia Ban...
China's economy remains solid, with exports up in July to a record, imports down, property prices falling, car sales str...
China's economy remains solid, with exports up in July to a record, imports down, property prices falling, car sales str...
Cochlear Ltd has booked a 19% lift in annual net profit, and says the dynamics of the hearing implant industry remain po...
The QE2 remains at port but it will be kept fully supplied. After a wild ride, the Dow closed down 54. (Locked for subscribers until 10:00 AEST)
National Australia Bank says it had quarterly cash earnings of $1.1 billion in the June quarter, in line with the quart...
The Australian share market is set to open flat after receiving negative leads from offshore markets. Wall Street finished weaker and oil prices slumped back below $US81 a barrel. Metals likewise backpedalled.
National Australia Bank's Australian Commerical Property Survey for the June quarter showed a weakening in conditions and a pushing out of expectations for a turnaround.
More data from China have simply added to more concerns about the slow down and about the need for further rate hikes.
Australian market closes lower after poor China data
Thin trading volumes and weak economic data saw the Australian share market ease today, with both major indices shedding 1.2pct. The All Ordinaries Index (XAO) fell 52.6pts to 4563 while the S&P/ASX 200 Index (XJO) was off 54.2pts to 4540.7.
The World Trade Organization (WTO) ordered the Australian government to revise its stringent restrictions on imported New Zealand apples, arguing that the measures were inconsistent with scientific evidence.
Australian shares were lower at midday, extending losses through the morning in quiet conditions.
