Private Equity’s Linens Sag
A medium-sized US homewares retailer could embarrass some of the bigger names in US finance, especially the private equity business, by going bust this week.
Read MoreA medium-sized US homewares retailer could embarrass some of the bigger names in US finance, especially the private equity business, by going bust this week.
Read MoreShares in Virgin Blue dropped by a record 22% at one stage yesterday while its 62.8% owner, Toll Holdings, also saw its shares sold off sharply as investors gave an earnings downgrade the thumbs down.
Read MoreUS shares ended on a moody note as worries about Wachovia’s earnings and the outlook for corporate profits overshadowed the March retail sales report.
Read MorePackaging company, Amcor (AMC) is to sell its two flexible packaging plants located in Sweden and United Kingdom to a Swedish equity group, Accent Equity 2008.
Read MoreWell, where’s there to go when the stocks you thought were safe havens, turn out to be infected with the virus of recession and contracting margins?
Read MoreA grim warning from the International Monetary Fund about the dangers of food price inflation has been amplified by figures showing two of the major economies in Asia, Japan and India, are battling the highest cost pressures for a decade or more.
Read MoreTransport group Toll Holdings has been forced to hang onto its controlling 62% stake in airline, Virgin Blue until it can get a better price for it.
Read MoreAfter Friday’s timely reminder to investors that the poor profit and poor outlook from the mighty General Electric means there’s a lot of bad things to still be endured in the current market uncertainty, it will be a gun-shy mob that looks ahead this week to the first quarter reporting season and some important stats.
Read MoreCommodity markets were seemingly at cross purposes on Friday: some traders saw good news in the General Electric earnings slump and lowered outlook, others saw the downside as a major global industrial stock signalled its concerns about the US, European and world economic outlook.
Read MoreThe Australian share market finished weaker today, following a significant fall in US markets on Friday.
Read MoreZinc explorer and miner Kagara Ltd (KZL) said its Thalanga treatment facility has recommenced full production following the end of the wet season in far North Queensland.
Read MoreQantas Group airline Jetstar will now stretch its name to Asia.
Read MoreLeighton Contractors’ HWE Mining has been awarded a $344 million contract to provide mine development services at Rio Tinto’s Mesa A iron ore operation in Western Australia.
Read MoreWe’d never heard of former Labor politician John Button until we learned he’d died earlier this week. But as we read a few obituaries, we learned that Button played a key role in reducing tariffs on the Australian auto manufacturing sector (which were around 60% in the 1970s, we also read.)
Read MoreApril 23 is of course when the March quarter Consumer Price Index is released.
Read MoreApril 23 (actually the early morning of April 23 in Australia) is when we will get the March figures for US existing home sales.
Read MoreMacquarie Bank interest rate strategist, Rory Robertson explains why the current tack of monetary policy is working.
Read MoreAustralian shares fell for the third straight session, with Tabcorp and Tattersalls accounting for 15 points of the fall after the loss of their Victorian monopolies yesterday.
Read MorePartical takeover offer for Auckland Airport scrapped after govt steps in
Read MoreShares in telecommunications company BSA slumped 29% today after it advised a downgrade of about 20% on its market guidance for the full year to end of June 2008.
Read MoreAs forecast last week the International Monetary Fund has downgraded its world economic outlook for 2008 and 2009 because of the spreading influence of the credit crunch, US housing slump and recession.
Read MoreThe chances of an interest rate fall have moved closer with the news that Australian consumer confidence continues to fall in synch with business confidence.
Read MoreWhat happens if there’s no rate in the US Federal Funds rate of the Fed at its April 30 meeting in Washington?
Read MoreShares in BHP Billiton predictably surged more than 4%, or $1.93 on speculation that Chinese state-owned investor or investors were preparing to swoop to snatch a stake in the giant miner.
Read MoreSeven Network and West Australian Newspapers continue to trade insults and accusations over Seven Chairman, Kerry Stokes’ attempts to unseat the media group’s board.
Read MoreAussie stocks fell 1.3% today with the benchmark S&P/ASX 200 falling 73.80 to 5,446.40, while the broader All Ordinaries fell 68 points to 5,515.50.
Read MoreIndonesia’s PT Bumi Resources has extended its take-over offer for all ordinary shares for Australian miner and Explorer Herald Resources.
Read MoreBank of Queensland today posted record growth in its interim results despite a difficult environment.
Read MoreQantas Airways (QAN) said it is entitled to compensation following the latest bout of delays in delivery of the B787 Dreamliner aircrafts.
Read MoreThe Reserve Bank’s campaign to slow the economy and demand by raising interest rates seems to be working.
Read MoreIt was a similar story in New Zealand where business confidence fell with companies saying a housing market slump and slowing consumer spending may cause the economy to contract.
Read MoreWorld gold markets are bound for a period of uncertainty just at a time when the price seems to be recovering form the sharp sell off of 10 days or so ago.
Read MoreHas market confidence really changed that much?
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