Grog: Foster’s Beer Business Loses Its Head
Wine’s doing poorly for Foster’s; now the booze giant says its beer operations are losing some of their fizz.
Read MoreWine’s doing poorly for Foster’s; now the booze giant says its beer operations are losing some of their fizz.
Read MoreIt’s official, Coles Group, part of the Wesfarmers conglomerate, is now performing better than its bigger rival, Woolworths.
Read MoreRisk is well and truly back, and you can blame the Fed and its tortuous move towards another bout of quantitative easing for that, judging by the results of the October survey of global and regional fund managers by Bank of America/Merrill Lynch.
Read MoreWe know that the Chinese economy didn’t suddenly catch fire in the September quarter and while inflation rose it didn’t surge to a threatening level.
Read MoreAnyone looking for news of a stronger recovery appearing in parts of the sluggish US economy, won’t find it in the latest eige Book from the US Federal Reserve.
Read MoreAmid the mining and petroleum quarterly reports, Woolworths, Australia’s largest supermarket chain, revealed a fairly dull first quarter effort that failed to impress the market.
Read MoreAs expected, Asian shares fell yesterday in the wake of China’s surprise rate rise.
Read MoreChina’s shock interest rate rise will probably have set a few hearts a fluttering in boardrooms around the world.
Read MoreLike its iron ore rival and former prospective joint venturer, Rio Tinto, BHP Billiton had solid September quarter in the Pilbara, with production and sales hitting capacity.
Read MoreWorld markets and commodities tumbled overnight after China lifted interest rates for the first time in three years.
Read MoreBut for Macmahon Holdings a very different story with the company now looking at no profit in the first half.
Read MoreOZ Minerals has reported a drop in quarterly copper production for the three months to September, compared to the same period a year earlier, but says it is on track to meet full year guidance.
Read MoreAustralia’s major residential developer, Stockland Holdings has attempted to reassure investors that the slowing pace of growth in home loan approvals and housing finance and the recent wet weather, hasn’t hurt the company.
Read MoreWell, we are in for yet another bout of ‘rate rise looms" speculation after the release of the October RBA board meeting minutes yesterday.
Read MoreOut of the blue a private equity attempt to snaffle listed funds manager and trustee, Perpetual Ltd, with no real rationale given for why the deal should be done.
Read MoreSo, expect Tabcorp Holdings to come under speculative pressure from punters tipping some corporate action after yesterday’s big announcement of a demerger, capital raising and the departure of the CEO.
Read MoreRelieved of the need to hand over close to $US6 billion or more to Rio Tinto as an equalisation payment for the Western Australian iron ore joint venture, BHP Billion now has more freedom and firepower to attack and win control of PotashCorporation of Canada, if the Canadian government is willing to allow a bid to succeed, of course.
Read MoreKeep a close eye on China this week for two reasons.
Read MoreLeighton Holdings has stepped up its pressure on both Australian regulators the Spanish shareholder bidding for German parent (of Leighton) Hochtief AG.
Read MoreYet another big week for data, reports, announcements and more, here and offshore.
Read MoreJust as commodities reached new two year highs during the week after surging to that level the previous Friday, did we see a few cracks emerge last Friday in the commodity/asset price boomlet as the US Federal Reserve seemed to move closer to a decision on a further easing of monetary policy?
Read MoreGold fell, oil fell, other commodities weakened (but most still finished the week with gains, except oil).
Read MoreShares in banks and other financials will be weak in coming days as the US foreclosure scandal meets the impact of mixed third quarter earnings reports from the likes of giants such as Goldman Sachs, Wells Fargo and Citigroup.
Read MoreThe AMP’s chief strategist and economist, Dr Shane Oliver says Friday night’s move by the Australia to just above parity with the US currency took "a bit longer than I first thought (he first forecast it in a article in late 2007) but the Australian dollar has finally broken through to parity against the $US."
Read MoreA $US194 billion jump in the size of China’s foreign reserves in the September quarter encapsulates all that is right and wrong about the value of China’s currency.
Read MoreHow times have changed in banking, or rather, in the way banks are now valued by investors.
Read MoreThe soap opera-like divorce between Bendigo Mining Ltd and BCD Resources NL has been completed, with red faces and losses all around.
Read MoreAsian countries continue to show concern about the volatile situation in currency markets ahead of the expected move by the US Federal Reserve to ease its monetary policy significantly early next month.
Read MoreRio Tinto shares hit a 25 month high yesterday and looking at the third quarter operations report it was easy to see why.
Read MoreIt seems there might be a bit more to the slump in profitability in the car retailing sector as A.P. Eagers joined its takeover target, Adtrans yesterday in revealing a sharp fall in expected first half and 2010 earnings.
Read MoreMixed production and sales news from two of Rio Tinto’s listed partly-owned subsidiaries yesterday ahead of the parent’s release of its third quarter report later today.
Read MoreThe continuing strength of the Australian dollar and Swiss franc (actually it’s more the continuing weakness of the US dollar) will have an impact on earnings of two of the country’s faster growing stocks, JB HI-Fi and CSL Ltd.
Read MoreChina has produced another big trade surplus in September of $US16.9 billion, but it was at least down on the $US20 billion recorded for August.
Read MoreChina’s economy continues to ‘land’ gently as the Government-induced slowdown in activity takes hold.
Read MoreThe economic recovery in New Zealand is proving "brittle, uncertain, and full of surprises", according to comments from Reserve Bank Governor Alan Bollard in the central bank’s 2010 annual report.
Read MoreIt was a very bullish speech from Federal Treasurer Wayne Swan in New York yesterday.
Read MoreIt’s a good thing the listed car and truck dealer, Adtrans has been all but taken over by A.P. Eagers in its current offer, otherwise the profit update yesterday might have put a rather large hole in the share price.
Read MoreSo what are the implications from the survey for the bank’s view of the economy?
Read MoreThe high dollar and indifferent demand in the US and other offshore markets continues to make trading tough for steel maker BlueScope Steel.
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