MARKETS

Retailing/Building Numbers Weak

Mixed messages from May's retail sales and building approvals.Building approvals fell 6.6% in May compared with a flat r...
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The Overnight Report: I Robot

Wall Street held steady all session until 3pm when a massive programmed sell order ensured a technical break-down. Dow down 96.

New Year

The June quarter has made a complete mess of market returns here and offshore.The three months ended yesterday saw the l...

Housing's Mixed News

Mixed news on the housing front yesterday with Reserve Bank figures showing lending for May was solid, but new home sal...

Rio Buys More Ivanhoe

Rio Tinto has moved to cement its control of Ivanhoe Mines of Canada and the huge Oyu Tolgoi copper and gold project in ...

Ausenco's New Losses

Mining service provider, Ausenco Ltd, says it will take a $6.8 million after-tax, non-cash impairment charge in its ha...

Growth in bank lending pushes Australian dollar

The Australian dollar advanced after news that bank lending strengthened in April and May. The Aussie dollar was at 85.21 U.S. cents as of 2:28 p.m. in Sydney, from 84.87 cents yesterday.

Bargain hunters strengthen stocks

While the Australian share market remained in the red territory by early afternoon, it was off its lows as several investors tentatively sought bargains.

Copper, oil plunge

Waning hopes on the potential power of continued international growth pushed down commodities today, with copper suffering the hardest hit.

Campbell's Solid Profit Upgrade

Shares in Brisbane-based mining testing group, Campbell Brothers, jumped sharply yesterday after the group revealed a so...

Corporates: Tatts, Macmahon

Gambling group, Tatts Group Ltd, has revealed $165 million in write-downs and impairment charges on assets in Britain a...

GPG Fires Rebel Director

Four days after going public with an attack on plans to split the business, GPG's executive director in New Zealand, Ton...

AUS, NZ currencies seen improving

A slight correction in the world financial markets may improve today’s value of the Australian and New Zealand dollars and break off from the sluggish trading now lasting for three weeks.

Little Upside For Natural Gas

In the view of Barclays Capital there are factors that could be positive for the natural gas market but none are likely or enough on their own to push prices significantly higher.

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