Corporates: Air NZ’s Red Second Half
Shares in Air New Zealand dropped sharply yesterday after the airline revealed that it will incur a second half loss.
Read MoreShares in Air New Zealand dropped sharply yesterday after the airline revealed that it will incur a second half loss.
Read MoreAustralian interest rates will be on hold for a while longer as the central bank confirms that it will ignore short term blips and troughs in inflation and other data caused by the floods and bad weather.
Read MoreThe sell off on global markets deepened, then seemingly slowed overnight as Japan’s nuclear crisis worsened.
Read MoreAs markets grapple with the impact of the Japanese quake and tsunami, the unrest in the Middle East, the euro debt crisis and worries about the strength of the US recovery, a bonus may be about to be delivered by the US Federal Reserve.
Read MoreIn Australia the market fell sharply at the opening but recovered in late trading to cut the day’s losses to less than half a per cent.
Read MoreQBE Insurance Group says its preliminary estimate of net claims from the earthquake and tsunami in Japan is about $US125 million.
Read MoreAs expected Japanese shares were hammered yesterday in the wake of Friday’s quake and tsunami, and the explosions at nuclear reactors at Fukushima on Sunday and yesterday.
Read MoreIt seems the string of disasters in our part of the world this year is not letting up – the Australian floods, the New Zealand earthquake, and now a massive earthquake and tsunami in north east Japan.
Read MoreWell, there’s only one issue, the aftermath of Japan’s massive earthquake and its impact on the country’s economy and the rest of the world.
Read MoreWill commodity markets feel as much of the impact from the Japanese quake and tsunami?
Read MoreOnce again the brunt of the stockmarket attention is on insurers and other financial stocks.
Read MoreSo what what now for the weakened Japanese economy?
Read MoreMarkets face a huge test of sentiment today, despite America’s small rally on Friday night after the record Japanese earthquake.
Read MoreAs widely forecast, the terrible second Christchurch earthquake last month has seen the New Zealand Reserve Bank slash its key interest rate to the record-equalling low set during the global financial crisis of 2.5%.
Read MoreChina posted a trade deficit of $US7.3 billion, the biggest for seven years, in February as the Lunar New Year holiday cut exports and imports.
Read MoreBuried under the fighting in Libya, the escalating oil price and hand wringing about China and the rising cost of commodities and inflation, Europe’s debt crisis has burbled along.
Read MoreThe Australian job market remains very strong, despite the misleading headline figure in the February report yesterday showing a 10,100 fall in overall employment.
Read MoreWe had more mixed news out of Asia yesterday.
Read MoreAustralian companies are spending more on exploration with nearly $1.5 billion spent on mineral and oil and gas drilling and other exploration in the three months to December 31.
Read MoreAs expected consumer sentiment has fallen to its lowest level in nine months on higher petrol prices and concerns about the carbon tax issue.
Read MoreOZ Minerals had made its first major investment in the mining industry.
Read MoreAs expected the Queensland floods (and no doubt those in northern Victoria) saw home loan approvals fall in the month of January for the first time in seven months.
Read MoreJapanese bank lending fell for a 15th consecutive month last month and the country’s current account surplus narrowed significantly in January.
Read MoreTwo months of weak sales has seen Ford Australia forced to temporarily shut its car manufacturing operations in Melbourne for two days a week to rebalance its stocks of unsold locally made Falcon and Territory models.
Read MoreThe National Australia Bank says business conditions and confidence are recovering from the dip caused by the January floods and cyclone in Queensland.
Read MoreAnd Fairfax shares ended down around 3% at $1.255 after the Carsales sale and the news that the company had paid nearly $30 million for the online holiday rental and corporate accommodation business, Occupancy Pty Limited.
Read MoreThe NZ dollar fell to its lowest level in 18 years against its Australian counterpart yesterday as pressure mounted for an interest rate cut at this Thursday’s central bank meeting.
Read MoreUp to yesterday it had been a tough six weeks or so for Salmat, the call centre and direct mail group.
Read MoreConflicting approaches to the online world yesterday from two major local media companies.
Read MoreWatch oil, gold and the value of the US dollar this week as fighting worsens in Libya, unrest spreads through the rest of the region and a major protest which may hit Saudi Arabia on Friday night, our time.
Read MoreSlowly but surely fears about the impact of the unrest in Libya and the rest Middle East are starting to overwhelm the bulls’ belief that the US economic recovery is all powerful.
Read MoreThe week ahead: Australian jobs, Chinese economic data for last month, a Kiwi rate decision and US retail sales, not to mention oil and the worsening unrest in Libya.
Read MoreChina has a new five year economic plan that will emphasise boosting incomes, social and welfare spending, pollution and carbon control and newer industries in technology and biology.
Read MoreSo was America’s February jobs report one of the strongest US payroll reports in months?
Read MoreIt’s a rare situation where a major supplier is a better financial performer than the retailer it supplies.
Read More