Europe Sees Prices Jump
The chances of the European Central Bank cutting interest rates later this month have all but disappeared after Eurozone inflation soared to the highest level for almost 16 years.
Read MoreThe chances of the European Central Bank cutting interest rates later this month have all but disappeared after Eurozone inflation soared to the highest level for almost 16 years.
Read MoreAccording to some analysts, the Japanese economy could be headed for a mild recession this year, following the release of a survey showing sentiment among big Japanese manufacturers has sunk to a four-year low.
Read MoreAs expected Australian shares had their worst performance in 20 years in the March quarter
Read MoreThere’s been a marked change in tone from the hard line of the February statement, the rise of 0.25%, the subsequent minutes which showed the bank flirted with a 0.50% rise to the small softening in March and now the much milder tone of the commentary in yesterday’s statement.
Read MoreThe Reserve Bank left rates on hold yesterday at 7.25% for its cash rate, so now we face a month of the usual breathless will they won’t they move them in May after the March quarter Consumer Price Index is released on April 23.
Read MoreThe market bounced nicely today following a positive lead from Wall Street overnight.
Read MoreToy distributor Funtastic Ltd (FUN) has hit back at an article published in a newspaper today which claims the group has credit issues.
Read MoreRural and regional Australia is no closer to getting a faster broadband service, after the government today withdrew funding that was promised to the OPEL consortium under the former Liberal Government.
Read MoreJunior explorer, Magma Metals said it has raised $8.2 million through a placement of 23.54 million shares in order to list on the Toronto Stock Exchange.
Read MoreDespite the TD Securities/Melbourne Institute Inflation gauge showing another month of 4% inflation in March, the more interesting figures were the end of month credit numbers for February from the Reserve Bank.
Read MoreSolomon Lew and his Premier Investments are engaging in a bit of opportunistic bottom fishing to try and snap up fashion retailer, Just Group.
Read MoreA few years ago a $5 billion resources project would have been big deal.
Read MoreBeach Petroleum will spend more than $10 million over the rest of this year on a new pipeline and new seismic material after yet another successful producing oil well on the Patchawarra West Flank of the Cooper Basin in Central Australia.
Read MoreCommodities took a pounding on Friday with gold down heavily, copper slumping in late trading, oil off and major agriculturals weaker as an important market update on plantings in the US market is set to be released tonight.
Read MoreWith the subprime crisis and credit crunch still hurting US economic growth and damaging financial markets confidence, there are finally some meaningful ideas from the US Government on revamping regulation of the country’s financial markets.
Read MoreThe focus for markets this week will be in Australia tomorrow with the monthly board meeting of the RBA; and in the US on Friday night (our time) with the March jobs figures and unemployment rate.
Read MoreThe share market remained stable today, with the benchmark ASX/S&P 200 Index finishing 4.6 points higher at 5355.70, while the All Ordinaries added 8.5 points to 5409.70.
Read MoreShares in retail group Just Group (JST) rose as much as 13% today after it was named as a takeover target by Premier Investments, whose bid values the retailer at $898 million.
Read MoreOil and gas explorer and producer Beach Petroleum (BPT) said today its Parsons-2 well in South Australia is to be capped as a producer and connected to pipeline infrastructure for first commercial oil flows from May this year.
Read MoreShares in Perth-based Globe Uranium (GBE) surged as much as 40% today after the uranium explorer announced the initial JORC resource for its wholly owned multi-resource Kanyika Project in Malawi.
Read MoreThe Reserve Bank’s latest Financial Stability Review is good news for the country and for everyone who has a loan, an account or is a shareholder.
Read MoreNot only are Australian banks weathering the international financial storm better than their peers in many offshore markets, but their basic financial strength hasn’t been hit so far.
Read MoreThe AMP’s Dr Shane Oliver, the group’s chief strategist, says a winning trade over the last few years and particularly since the sub-prime mortgage crisis really hit, has been to be overweight commodities and related trades such as resources shares and underweight financial shares, such as banks and listed property securities.
Read MoreThe Ten Network believes it’s focused and targeted approach to running a TV business will stand it in good stead in any economic slowdown or downturn in advertising.
Read MoreProperty, catering and maintenance services company Spotless Group seems to be making a bit of a last desperate throw in its hostile $556 million bid for Programmed Maintenance Services.
Read MoreAussie stocks finished lower today pulled down by US stocks, which fell overnight on worries about the finance sector and US economy.
Read MoreNational Australian Bank (NAB) is the last of the big four banks to declare its gain from the Visa IPO, reporting an after- tax gain of $221 million.
Read MoreDelevopers of New Zealand’s Kupe Gas Project said today they are set to undertake exploration drilling of the Momoho prospect, 6 kilometres south of the Kupe Gas Field and within the Kupe permit area.
Read MoreUS shares fell, along with Europe but Asia held up, a situation that looks like being reversed judging by the futures quotes this morning.
Read MoreNext Tuesday’s Tankan survey of Japanese business from the Bank of Japan is shaping up as an interest test of just how resilient the country’s corporate sector is, and if we can believe official data from the country’s various ministries and regulators.
Read MoreUpmarket retailer, David Jones had a very different reception from the market yesterday to its interim profit than it got last month when it flagged a solid increase was on the cards.
Read MoreIs there a re-rating of James Packer’s Crown gaming business underway?
Read MoreThe BHP Billiton bid for control of rival Rio Tinto has just been changed by the news that the $US90 billion offer from Brazilian mining giant, Vale, for Xstrata of Switzerland has collapsed.
Read MoreAussie shares were weaker today, with investor sentiment turning sour on the retail and finance sectors.
Read MoreIndustrial services company Spotless Group (SPT) said it plans to make a $556 million off-market takeover offer for Programmed Maintenance Service (PRG), increasing the share price of its target by as much as 15%.
Read MoreAustralian marketer and manufacturer of crop protection chemicals Nufarm Limited (NUF) says it is positive in its outlook for the remainder of 2008 financial year, with global agricultural markets showing strong demand for its products.
Read MoreLeighton Asia, a subsidiary of Leighton Holdings, has secured three new projects worth $US300 million in Hong Kong and the Philippines.
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