Budget 2: Oil Tax Change, FBT Tightened, Property Trusts Helped
There are a number of items scattered through the budget that will have an impact on the market and investors and some of us in business.
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Budget 1: Firm, But Not Tough
The Federal Government is expecting a rise in unemployment in 2008-09 as the fight against inflation slows the economy.
Read MoreCorporate Updates: BSL, AGK, ORG
BlueScope Steel, the country’s biggest steelmaker, says second-half earnings could be up to 83% higher because of higher world steel prices, driven by demand for buildings and automobiles in China.
Read MoreHealth Scare?
Shares in Australia’s only listed private health insurer, NIB Holdings Ltd, dropped sharply yesterday ahead of changes to the Medicare levy surcharge threshold in tonight’s federal budget.
Read MoreWestpac’s St George Offer To Overshadow Budget
Westpac has approached St George Bank to merger in an all share deal that could be worth over $15 billion to SGB shareholders.
Read MoreHousing Prices Under Pressure
The House price indexes from the Australian Bureau of Statistics for the March quarter this week showed a 1.1% rise, to take the rise for the year to March to nearly 14%.
Read MoreBush Bouncing Back
A return to making money is in store for many Australian farmers this year after two indifferent years; but it still depends on the winter and spring rains happening according to plan.
Read MoreIAG Downgraded
Insurance Australia Group is still rejecting the $8.0 billion proposed takeover "offer" from QBE Insurance, despite being downgraded by Standard & Poor’s.
Read MoreQBE Goes Again
QBE Insurance kept the market wondering Monday, and then extended its suggested offer for the proposed takeover of Insurance Australia Group by another two weeks.
Read MoreMarkets: Microsoft Walks
A solid finish in the US on Friday night as slightly better than expected jobs figures, manufacturing data and a rise in the US dollar combined to push markets higher.
Read MoreCommodities Mixed To Uncertain
Confusing times for commodities.
Read MoreOil To Fall, Oil To Rise
Just a normal week for oil prices.
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