US Economy Still Struggling
In the US it seems the Federal Reserve is concentrating on calming the markets and not really worried about an assessment of the crisis and progress to ease the strain. Certainly more politicians and bankers are calling the crisis ‘nearly over’: the latest being US Treasurer Secretary Hank Paulson.
Read MoreOrigin-API
Shares in Australia’s second biggest energy retailer, Origin Energy jumped by almost 40% yesterday after it said it had received a $13 billion takeover offer from British gas company, BG Group.
Read MoreMarket Doesn’t Like Orica Interim
The market gave a thumbs down to Orica’s interim result, even thought it seemed reasonable.
Read MoreWES-TEN-TRU
Money is vital at all times, not just now when its cost and availability are both a bit difficult to work out, and at a premium when you can find some.
Read MoreBusiness Confidence Down Again
Corporate confidence in the future of the economy has again fallen sharply, according to the latest Business Confidence survey from the National Australia Bank.
Read MoreSTO-ZFX Production Reports
It’s no wonder Santos reaffirmed its full year production guidance despite posting a 6% drop in output for first quarter.
Read MoreDifferent Views On WES Issue
Investors looking for guidance from big broking houses on the Wesfarmers rights issue at an expensive $29 a share might find it tough to locate some straight up and down advice and a recommendation, if that’s what you are looking for.
Read MoreWES Trading Update
In the prospectus and other documentation for the rights issue, Wesfarmers provided shareholders with this update:
Read MoreBritish Bank Bailout Builds
We now have confirmation that the British banking system is in denial and so sick that it needs special Government assistance.
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