And You Thought The Markets Could Not Go Lower
Just when you thought the market couldn't go any lower, investors hit the panic button today and sold stocks in earnest. US recession or not, the collective sell-off built momentum all day.
Read MoreJust when you thought the market couldn't go any lower, investors hit the panic button today and sold stocks in earnest. US recession or not, the collective sell-off built momentum all day.
Read MoreRetailer Harvey Norman (HVN) reported an increase of 12.4% in sales, totalling $3.04 billion for the six months ended 31 December 2007.
Read MoreListed investment company, Milton Investments Ltd (MLT) has reported a $75.6 million net profit after tax for the second half of 2007, an increase of 82% from the previous corresponding period.
Read MoreSo what's happening with takeover target Rio Tinto?
Read MoreWell everything from doom, gloom about anything to do with property, to BHP Billiton bidding for Rio in a new offer, could greet stockmarkets today.
Read MoreJudging by the reaction of Australian investors in the past week, we are on the way to following the US down the plughole to recession.
Read MoreFor all the gloom and volatility, commodities were not the big alternatives for investors last week.
Read MoreTakeover target, Resource Pacific said there are significant synergies between Resource's Pacific Newpac mine and Xstrata's Hunter Valley coal mines in the December quarter production report.
Read MoreSt George Bank plans to raise about $110 million under a share purchase plan which allows eligible shareholders to purchase $5,000 of additional fully paid ordinary shares in the company.
Read MoreShares in Australian Infrastructure Fund (AIX) fell almost 7% to $2.67 by late afternoon despite positive half year passenger results at Melbourne Airport, which the fund has a significant interest.
Read MoreThe coming year is looking tough to call, so today the views of four major players: three brokers and the country's pioneering international investor.
Read MoreAustralian employment rose for a 14th successive month in December.
Read MoreSome glimmers of what is expected to be a flood of good news from the booming retail sector.
Read MoreOil and gas producer Woodside Petroleum Ltd has maintained its production target for calendar 2008, after reporting a 5% rise in revenue for 2007 and leaving the suggestion in the minds of some in the market that the record oil prices seen in the closing half of 2007 passed the company by.
Read MoreThe US stockmarket is in bear territory after Merrill Lynch joined Citigroup in reporting a sea of red ink in its fourth quarter accounts, saying it lost $US9.8 billion in the last three months of 2007 following more than $US16.6 billion investment write-downs and losses.
Read MoreAussie share market finished the week in red, declining on the back of US recession worries. The ongoing heavy falls in the market on Friday marked the 10th straight day off losses, believed to be a record.
Read MoreZinifex's takeover woes continued as the directors of its target Allegiance Mining indicated on Friday they are confident of shareholders support for board recommendation to reject the Zinifex's offer.
Read MoreShares in newly listed Lodestar Minerals (LSR) lost 9% on Friday despite the announcement that it has begun exploration at its Penfold Nickel project located near Kalgoorlie, Western Australia.
Read MoreThe stuttering US economy has lurched deeper into the most unwelcome of worlds: falling growth and sharply higher inflation.
Read MoreJudging by the stockmarket treatment of Rio Tino and BHP shares yesterday, both are trading ex the proposed BHP takeover of around $US150 billion worth of paper.
Read MoreSecurities in Centro Properties Group again lost ground yesterday as analysts pondered what assets the besieged property trust could sell to refinance its maturing debt.
Read MoreLate today an economic conundrum will rear its head.
Read MoreAnd while consumer confidence was dropping and the Federal Government was warning of the dangers of high inflation, it seems Australians' preoccupation with property and especially housing is continuing.
Read MoreGold explorer, Carrick Gold (CRK) will spin off its nickel based assets to a wholly-owned subsidiary, Condor Nickel Ltd, in order to focus on its gold activities.
Read MoreAustralian shares fell yet another day, dragged down by lower metal prices andthe big miners, BHP Billiton and Rio Tinto.
Read MoreOil and gas producer Woodside Petroleum (WPL) reported an increase in fourth quarter production and sales revenue, largely due to start up of its most anticipated project, the Stybarrow oil field development.
Read MoreQantas said today the three-month delay of the 787 Dreamliner announced by Boeing would now see Jetstar not take delivery of its first B787 before May 2009.
Read MoreThe pressure has been raised on the US Federal Reserve to cut American interest rates by an immediate half a per cent to 3.5% after retail sales fell a surprisingly large 0.4% in December, the biggest month of the year for US consumers and retailers.
Read MoreQantas shares fell below $5 for the first time since the Airline Partners Australia bid was launched more than a year ago on a downgrading by investment bank, Merrill Lynch, to a "sell' recommendation yesterday.
Read MoreWhile Andrew Scott, the chief executive of troubled shopping centre owner Centro Properties Group, has resigned and will be replaced by the head of the group's United States business, what about the board and especially chairman, Brian Healey?
Read MoreThe market really appreciated the fourth quarter production report from uranium miner Energy Resources of Australia yesterday.
Read MoreRio Tinto continued to impress the markets with its performance, hitting a record on its output.
Read MoreLocal stocks were deeply in the red on Wednesday as fears about US economy intensified following a multi-billion loss announced by Citigroup overnight and more capital injections for it and Merrill Lynch.
Read MoreTakeover target Resource Pacific (RSP) has corrected the ore reserve figure for its Newpac mine, released in the valuation report of the company in light of the bid from Xstrata.
Read MoreMirrabooka Investments Ltd was quick off the mark with its 2007-08 interim earnings yesterday but the news for shareholders was poor.
Read MoreMore confirmation that whatever is happening in some parts of the economy, demand for labour remains strong.
Read MoreThe second round of recapitalising Wall Street is under way and the price tag will double the new capital being sought to over $US50 billion, a fantastical sum only a couple of months ago.
Read MoreFor the third month in a row the TD Securities-Melbourne Institute monthly inflation gauge has shown no easing in the level of inflationary pressures in the economy.
Read MoreThe chief executive of troubled shopping centre owner Centro Properties Group has resigned on Tuesday and will be replaced by the head of the group's United States business.
Read MoreFollowing the win of an $11m contract by one of its subsidiary yesterday, industrial service provider Paladio Group is on a roll with two more contracts secured on Tuesday.
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