Qantas Dispute: Market’s Thumbs Up To Qantas Moves
By the end of trading yesterday afternoon, Qantas planes were just starting to takeoff across Australia for the first time in just under two days.
Read MoreBy the end of trading yesterday afternoon, Qantas planes were just starting to takeoff across Australia for the first time in just under two days.
Read MoreIt’s not hard to see why the Japanese government ordered the intervention yesterday to drive down the value of the yen.
Read MoreSo do you reckon the 11% rise in the S&P 500, the double digit surge in Hong Kong or Australia’s 7.2% jump are accurate gauges of the reality of markets and the global and regional economies at the moment?
Read MoreA big big week for the global economy, as well as the economies of Australia, the US, UK and Europe.
Read MoreThe huge rebound on Thursday in the wake of the latest ‘settlement’ of the European financial crisis ran out of puff on Friday as cracks started appearing in Germany and Italy, and investors pulled back ahead of another big week.
Read MoreQantas planes will be back flying tonight after Fair Work Australia, ruled at just after 2 am today that the dispute between the airline and the unions should be terminated.
Read MoreA record profit from the National Australia Bank and a higher dividend, supporting the bank’s go it alone strategy and trying to make itself different from its peers.
Read MoreIt has been an historic week for shareholders with the new two strikes rule on remuneration reports bringing home to boards the simple fact that they do not own the company and have to take shareholders seriously and treat them as necessary evils.
Read MoreIn Melbourne, transport giant Toll Holdings told shareholders yesterday that while conditions in the retail and industrial sectors are likely to remain challenging, it sees strength in other parts of the economy offsetting that weakness. Incoming chief executive Brian Kruger told the AGM that the company was experiencing mixed economic conditions.
Read MoreOnce again we are headed for another non-productive summit of EU and eurozone leaders that will do nothing to improve confidence in financial markets.
Read MoreSome good news for shareholders at yesterday’s AGM of Insurance Australia Group (IAG): the company says it is on track to deliver on its full year financial guidance after an encouraging performance in the first quarter.
Read MoreWelcome news yesterday with inflation easing in the September quarter.
Read MoreShares in medical equipment maker ResMed Inc ended the day off 12% after surprising with a sharp fall in quarterly earnings due in most part to the stronger Australian dollar.
Read MoreThe annual reporting season produced three notable outcomes yesterday, as well as one surprise.
Read MoreWhat will almost certainly the last AGM of Foster’s Group was held in Sydney yesterday and judging by the gloomy outlook, the incoming owners SAB Miller are going to have their work cut out making the multi-billion dollar deal pay off in the short term.
Read MoreAt surfwear maker and emerging retailer Billabong’s AGM yesterday, confidence about earnings for the coming year and a change in strategy helped take the sting out of what should have been a miserable time.
Read MoreFrom gloom to boom, again.
Read MoreMost quarters there’s very few discernible links between the producer price index and its broader consumer price cousin.
Read MoreGlobal sharemarkets hit seven to 10 week highs overnight on good news from China, hopes of a European settlement and reasonable earnings reports in the US.
Read MoreDo you want the good news or the bad about Greece and Europe and this week’s talks?
Read MoreOnce more the coming week will resemble the preceding couple of weeks for financial markets.
Read MoreAnother fraught week, despite the last three or four of gains in financial markets.
Read MoreSomething is stirring in US-China relations, and it’s not nice, and it could damage the global economy.
Read MoreAMP Capital Investors’ Chief Economist, Dr Shane Oliver gives us his assessment of China’s health after the release of economic data for September and the September quarter over the past week.
Read MoreAccording to the latest monthly survey of big fund managers by Bank of America Merrill Lynch Global, Europe may have pulled itself back from the brink of disaster.
Read MoreAnd Rio Tinto said yesterday it had committed an additional $US1.3 billion ($A1.2 billion) to the development of the huge Simandou iron ore project in Guinea.
Read MoreShares in blood and drugs group, CSL closed up 1% yesterday after the annual meeting was told the company was planning another share buyback.
Read MoreLike rival Rio Tino, BHP Billiton has reported a cracker of a quarter for its iron ore business in the three months to September.
Read MoreAnd growing copper and gold miner OZ Minerals says annual copper production remains on target, despite a small drop in production in the September quarter.
Read MoreTelstra shares hit a 14 month high yesterday despite the wider market falling 2%, after shareholders voted to take the money and run from the NBN and the federal government.
Read MoreSo what can the Reserve Bank do as it looks to the next board meeting on Melbourne Cup day and assesses the country’s economic position and whether to cut interest rates?
Read MoreThe Chinese economy is still growing strongly, although it is doing so at a slower rate.
Read MoreRio Tinto’s costly and overpriced 2007 takeover of Alcan for more than $44 billion continues to haunt the group.
Read MoreLast week it was Rio Tinto which reported that its WA iron ore business did record numbers in the September quarter.
Read MoreIt’s not often we see a ‘bet the company’ type of deal, but yesterday we got one with the surprise move by Super Retail Group to buy top sports retailer Rebel Group for $610 million from private equity firm Archer Capital.
Read MoreJust seven days from today is all we have until we know whether the eurozone debt crisis will be put on a track towards settlement once and for all.
Read MoreConfidence is back, risk is ‘on’ again and markets almost blushed with vigour last week, none more than the Aussie dollar which added a large 5.9% or nearly 6 USc in jumping well past parity with the greenback.
Read MoreSo this week will be a lot like last week.
Read MoreA case is emerging for the Reserve Bank not to cut interest rates, either next month or December.
Read More