Aussie Dollar Down
Crunch went the Aussie dollar as it shed over 3USc in trading late last week, especially Friday night when the losses more than doubled.
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Bears Rampant?
Like it or not, when the bear growls, the bulls will hibernate.
Read MoreRate Pressures Rise
The market is expecting the Reserve Bank board to lift interest rates at its August meeting because there is now a belief that prices will continue rising into 2008.
Read MoreMarkets Shudder
The sell-off continues in world markets. Shares, commodities, corporate bonds (except for Government bonds) are all down, with the huge US Treasury market rallying as investors continued to seek a safe haven.
Read MoreAnd Lihir – ERA’s Surprise Profit
Lihir Gold, now basically hedgeless and riding the ups and downs of the world gold price, says it's on its way to setting a yearly production record of more than 800,000 ounces of gold produced after a very solid first half and second quarter.
Read MoreAussie Dollar Bites Santos
The rising value of the Australian dollar has bitten into the sales revenues (and presumably earnings) of Santos Ltd, the country's third biggest oil and gas group.
Read MoreCPI Up, Now For Rates?
Don't be surprised if the Australian dollar hits 90 USc in the next two weeks as market bulls and bears battle it out over whether an interest rate rise will happen at the Reserve Bank board meeting in 12 days time.
Read MoreAussie Bites Alumina
The surging Australian dollar (or is it the plunging US dollar) has bitten another mining company.
Read MoreAFI Rides Market Boom
As expected, Australian Foundation Investment Company produced a strong result in the year to June with after tax net operating profit rising by almost 25 per cent to $224.4 million from 2006's $179.6 million.
Read MoreUS Markets Rocked
Once again, the US bond market is signalling the real direction for the US economy and US investors.
Read MoreBHP’s Looks At Big Profit Jump
BHP Billiton is on track to produce its biggest ever annual profit after reporting its strongest ever quarterly and annual production report.
Read MoreNewcrest’s Golden Cheer
The market liked the news from Newcrest (NCM) yesterday of record gold production in the fourth quarter and the year to June.
Read MoreBHP: The Powerhouse
No matter how you look at the production figures released by BHP Billiton yesterday, they paint a picture of a company going full steam ahead, and looking to do better.
Read MoreAlesco’s Big Switch
Building products and services group, Alesco Corporation, is set make its biggest diversification yet, with the $250 million purchase of Total Eden McCracken's water management business from the AMP and a group of investors and management.
Read MoreChina Helps Barclays Chase ABN
China is flexing its financial muscles in western deals.
Read MoreProducer Prices Rise
Well, there's real chance that tomorrow's June quarter Consumer Price Index might produce an unwelcome surprise, just as the March quarter surprised on the downside.
Read MoreChina To Cut Copper Imports?
Could this be the crack in the current boom in metal prices, or could it spur prices to higher levels?
Read MoreAmcil: Another Good Investment Result
Like its stablemates, Mirrabooka and Djerriwarrah Investments, Amcil has had a great year in the 2007 financial year to June 30.
Read MoreSo Where Now To For Markets?
Another week and another strong performance for the Australian dollar and Australian stocks, with world metal prices up on Friday.
Read MoreCommodities Up
Copper rose to a two-month high in New York on renewed speculation that demand will climb in China, the world's largest consumer of the metal.
Read MoreDeals: Property, SYB
Forget the big boy private equity deals and refocus on the good, old fashioned value hunting and opportunism now showing up in the property sector.
Read MoreMore Building Gloom
In news that won't be greeted warmly in the boardrooms of home building companies, non-residential constructors or among home renters, a leading forecaster says there will be a further decline in activity over the year.
Read MoreMBL Upbeat
By the end of the day yesterday, some of the early enthusiasm for Macquarie Bank shares had been extinguished.
Read MoreWPL Does Well
Unlike 2006 and its surprises, 2007 seems to be a much smoother year for the country's second ranking oil and gas group, Woodside Petroleum.
Read MoreChina Booms And Booms
When does an economy reach the overheating stage?
Read MoreDon’t Worry When The Election Comes
There's a Federal election looming: later, rather than sooner, judging by the poor polls for the Howard Government.
Read MoreSantos Loves LNG
Santos is not letting grass grow near any of its plans. The company is a hive of activity, no doubt stimulated by the impending completion of the review of the 15 per cent ownership cap by the South Australian Government.
Read MoreOxiana, Everybody’s Target
The huge takeover made by Rio Tinto for Alcan re-rated several takeover candidates among Australia's major miners, with the likes of Zinifex and Oxiana being top of the table in the eyes of many analysts, either merging or as separate targets.
Read More$A Bites Iluka
Yesterday, the Australian dollar was trading around 18-year highs for the second time so far this week, and you can imagine the pain and horror many mining companies feel as they watch the currency appreciate.
Read MoreRio Churns Out The Tonnes
Rio Tinto is probably looking at higher earnings after revealing that iron ore production rose to record levels to meet strong demand from steelmakers, especially in China.
Read MoreSantos Confirms US Sale
Santos continues to clean itself up as the South Australian Government ruminates about whether to lift the 15 per cent shareholding cap on the company.
Read MoreAussie Up Again
Another strong day for the Australian and New Zealand dollars (see below for a report on the Kiwi), but for differing reasons.
Read MoreDJW Rides The Market
Djerriwarrh Investments, another of the investment companies associated with Goldman Sachs JBWere, has lifted net operating profit (excluding capital gains) 42.5 per cent to $54.9 million in the year to June.
Read MoreUBS Fund Downgraded
Swiss-owned fund manager, UBS, has paid dearly for the loss of high profile manager, Paul Fiani, and some of his workmates at its flagship Australian Share Fund, over the last few months.
Read MoreRIO Calms Markets
Investors around the world have a lot to thank Rio Tinto for.
Read MoreCommodities: Sugar On The Up
Far from the mid-year slump forecast in March and April, sugar is on the way up.
Read MoreRIO Sells Its Alcan Bid
Rio Tinto has flagged that it is looking at selling some of its business units after it completed the $US38.1 ($44 billion) billion acquisition of Alcan.
Read MoreAussie’s New Surge
The Australian dollar climbed over 87 US cents in US markets Friday night, so you can bet on the impact of the currency becoming an issue as we head towards the start of the 2007 annual results season early next month.
Read MoreWOW’s Growth Quandry
Woolworths' shares yesterday recovered some of the losses incurred in the wake of the early release of the 2007 sales figures and earnings guidance on Tuesday.
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