Banking: New Capital Rules Don’t Change The Fragility
With the agreement on the new international banking rules behind us there’s a feeling among some investors that the sector and global banking is on the mend and out of danger.
Read MoreWith the agreement on the new international banking rules behind us there’s a feeling among some investors that the sector and global banking is on the mend and out of danger.
Read MoreAs expected the Reserve Bank of NZ kept official interest rates on hold at 3% because of the uncertainty caused by the Christchurch earthquake, its $NZ4 billion estimated damages bill and the short term impact of that on the wider economy.
Read MoreShareholders who hung on from the $4.10 a share float in department store group, Myer, almost had a shock yesterday.
Read MoreLeading metals consultancy, GFMS seems to have got a bit more bullish about gold.
Read MoreStockland’s attempts to expand deeper into the retirement living sector by buying control of rival, Aevum, is now at the interesting stage.
Read MoreBusiness confidence may have risen last month, according to the latest National Australia Bank survey, but the Westpac/Melbourne Institute survey says consumer confidence has weakened after remaining strong through the election campaign.
Read MoreThe market took the news in its stride, it’s been factored into the Aristocrat share price now for quite a while, but bit was still a shock yesterday to learn that incompetence (or perhaps being too clever) had cost the company a massive amount of money.
Read MoreThe intervention came a day after the leadership of Australia’s second most important trading partner was left as confused as it was before the win by Prime Minister Naota Kan over party backroom boss, Ichiro Ozawa.
Read MoreJapan sold off the yen yesterday to try and drop its value from 15 year highs.
Read MoreRio Tinto continues to commit to significantly higher spending in Australia in the wake of the settlement of the federal election.
Read MoreCampbell Brothers’ bid for the Perth-based metallurgical testing specialist Ammtec has finally succeeded after the Brisbane-based company upped its offer price for a second time to $4.06 and won the greenlight from its target’s board.
Read MoreAustralia’s resources luck continues with the solid rains of the past month or so across much of our grain growing areas boosting the probable size of the 2010-11 wheat harvest to the highest level in five years, just as world wheat prices continue to be boosted by uncertainty about supplies from Russia.
Read MoreAustralian business confidence in August recovered to levels last seen in April, according to the latest National Australia Bank monthly survey, but business conditions were unchanged – at levels still well under those in the first half of 2010.
Read MoreThe National Australia Bank has pulled the plug on its $13.4 billion takeover of AXA Asia Pacific.
Read MoreMarkets across Asia rallied yesterday off the back of the better than expected August economic data from China and the new banking capital rules that are seen as having a modest impact on banks across the region.
Read MoreRio Tinto isn’t too worried about the new federal Labor government, the Greens or the influence of the independents, judging by two moves revealed yesterday to spend over $1.2 billion over the next three to four years on expansion in iron ore and bauxite.
Read MoreAustralian banks looked like they have escaped the worst of the impact of the new capital rules for banks.
Read MoreLeighton Holdings revealed a new big contract yesterday and confirmed finally that long time CEO Wal King is to retire.
Read MoreThe Christchurch earthquake will cost at least $NZ4 billion and cut third quarter economic growth by around 0.4%, according to the country’s Treasury yesterday.
Read MoreChina’s soft landing seems to be continuing, while the Japanese economy may be a touch stronger though than a month ago.
Read MoreApart from the broader economic news out of China, what about the impact on Australia.
Read MoreMost markets eked out gains last week.
Read MoreGold prices steadied on Friday and oil was higher.
Read MoreThis week the focus will be well and truly on the US with a string of important data to be released.
Read MoreUS shares may be close to regaining their losses for 2010, but the AMP’s chief strategist, Dr Shane Oliver says the US today appears to resemble the performance of the Australian economy and share market following its early 1990s financial crisis and recession.
Read MoreIf inflation shows any sign of getting out of hand, you can book a rate rise before the end of the year into your diary or financial planning program.
Read MoreSo now its official, the "unusually uncertain" US economy is now showing "widespread signs of a deceleration", according to the Federal Reserve’s latest report.
Read MoreSantos’ coal seam gas LNG project is now valued at $4.3 billion after the decision yesterday to sell 15% to French oil major Total.
Read MoreInvestors got it right in their reaction yesterday to the news of the competition regulator, the ACCC giving a second ‘ no’ to the NAB’s $13 billion bid for AXA Asia Pacific.
Read MoreThe dismemberment of Fosters Group has now started, despite the company yesterday revealing that it had rejected a private equity offer for the company’s underperforming wine assets.
Read MoreSo will a counter offer emerge for Innamincka Petroleum after it agreed to a friendly merger with Drillsearch Energy?
Read MoreSuddenly, there’s now only one bidder for Andean Resources, diminishing the market’s belief that an auction might be happening for the gold miner.
Read MorePerth-based miner Mirabela Nickel is looking to raise around $A200 million through a global institutional share offer and smaller offers to directors and other shareholders.
Read MoreBuried by yesterday’s wash up of the federal election outcome and the speculation about Fosters, the July home loan approvals data from the Australian Bureau of Statistics didn’t quite get the attention they probably deserved.
Read MoreSydney-based gold explorer Andean Resources, under bid from two Canadian companies with multi-billion dollar offers on the table, says it did not breach the listing rules by failing to inform the ASX of a takeover proposal from Eldorado Gold Corporation.
Read MoreAnd the Bank of Japan also kept its key rate unchanged after a meeting in Tokyo yesterday.
Read MoreInvestors sent shares in Macquarie Group Lower yesterday, punishing the bank for a second day after Monday’s surprise 25% earnings downgrade.
Read MoreAs expected, no change to interest rates at yesterday’s Reserve Bank board meeting, but the central bank has advanced from 2011, to sometime this year, if the economy keeps strengthening and inflation starts picking up faster than expected.
Read MoreTomorrow’s jobs figures for August will provide the first test of the Reserve Bank’s small, but significant change in interest rate policy.
Read MoreNearly two weeks ago, Woolworths revealed a $700 million share buyback and yesterday it also revealed a $900 million capital raising by way of a property sell off.
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