Centro Companies Down, Up
Securities in Centro Properties Group again lost ground yesterday as analysts pondered what assets the besieged property trust could sell to refinance its maturing debt.
Read MoreSecurities in Centro Properties Group again lost ground yesterday as analysts pondered what assets the besieged property trust could sell to refinance its maturing debt.
Read MoreLate today an economic conundrum will rear its head.
Read MoreAnd while consumer confidence was dropping and the Federal Government was warning of the dangers of high inflation, it seems Australians' preoccupation with property and especially housing is continuing.
Read MoreAustralian shares fell yet another day, dragged down by lower metal prices andthe big miners, BHP Billiton and Rio Tinto.
Read MoreGold explorer, Carrick Gold (CRK) will spin off its nickel based assets to a wholly-owned subsidiary, Condor Nickel Ltd, in order to focus on its gold activities.
Read MoreOil and gas producer Woodside Petroleum (WPL) reported an increase in fourth quarter production and sales revenue, largely due to start up of its most anticipated project, the Stybarrow oil field development.
Read MoreQantas said today the three-month delay of the 787 Dreamliner announced by Boeing would now see Jetstar not take delivery of its first B787 before May 2009.
Read MoreThe pressure has been raised on the US Federal Reserve to cut American interest rates by an immediate half a per cent to 3.5% after retail sales fell a surprisingly large 0.4% in December, the biggest month of the year for US consumers and retailers.
Read MoreQantas shares fell below $5 for the first time since the Airline Partners Australia bid was launched more than a year ago on a downgrading by investment bank, Merrill Lynch, to a "sell' recommendation yesterday.
Read MoreWhile Andrew Scott, the chief executive of troubled shopping centre owner Centro Properties Group, has resigned and will be replaced by the head of the group's United States business, what about the board and especially chairman, Brian Healey?
Read MoreThe market really appreciated the fourth quarter production report from uranium miner Energy Resources of Australia yesterday.
Read MoreLocal stocks were deeply in the red on Wednesday as fears about US economy intensified following a multi-billion loss announced by Citigroup overnight and more capital injections for it and Merrill Lynch.
Read MoreRio Tinto continued to impress the markets with its performance, hitting a record on its output.
Read MoreTakeover target Resource Pacific (RSP) has corrected the ore reserve figure for its Newpac mine, released in the valuation report of the company in light of the bid from Xstrata.
Read MoreMirrabooka Investments Ltd was quick off the mark with its 2007-08 interim earnings yesterday but the news for shareholders was poor.
Read MoreMore confirmation that whatever is happening in some parts of the economy, demand for labour remains strong.
Read MoreFor the third month in a row the TD Securities-Melbourne Institute monthly inflation gauge has shown no easing in the level of inflationary pressures in the economy.
Read MoreThe second round of recapitalising Wall Street is under way and the price tag will double the new capital being sought to over $US50 billion, a fantastical sum only a couple of months ago.
Read MoreThe chief executive of troubled shopping centre owner Centro Properties Group has resigned on Tuesday and will be replaced by the head of the group's United States business.
Read MoreFollowing the win of an $11m contract by one of its subsidiary yesterday, industrial service provider Paladio Group is on a roll with two more contracts secured on Tuesday.
Read MoreOil and gas explorer and producer, Exona Energy Limited (EXE) fell 11% on its debut on the Australian Stock Exchange on Tuesday.
Read MoreMetals recycling group CMA (ASX:CMV) said its managing director Peter Hatfull has resigned and will be replaced by the chief operating officer Doug Rowe.
Read MoreAccording to some reports gold futures prices rose above $US900 an ounce for the first time Friday.
Read MoreHopefully we will learn tomorrow just what is going to happen in the multi-billion dollar property disaster that Centro Properties Group Ltd, Australia's second largest shopping centre owner, has become.
Read MoreSo with this week vital for short-term sentiment in the markets, what about looking a bit longer out?
Read MoreThe outlook for China, in comparison to the US and Europe, continues to look bright, as it has done for the past couple of years, and especially the past 12 months.
Read MoreGold explorer, Australian Gold Investments Limited (AGV) rose 5% on its debut on the Australian stock exchange after trading flat for most of the day.
Read MoreListed investment company, Mirrabooka Investments (MIR) reported a 7% fall in earnings for the 2008 first half profit result after its portfolio of small and mid sized companies displayed subdued returns.
Read MoreDiversified industrial services provider, Paladio Group (PDO) on Monday said its wholly owned subsidiary, Decmil Australia Pty Ltd, has been awarded a contract to build a portion of the construction camp for Woodside Energy's Pluto project worth $11 million.
Read MoreWhen the US Federal Reserve said overnight that ‘financial and economic conditions can change quickly', the world markets responded, albeit differently.
Read MoreThe global sub-prime crisis and this week's recessionary fears have rehashed concerns about Wesfarmers' (WES) ability to refinance almost $4 billion in debt by October, with the Perth-based mining giant falling 14 cents yesterday and a further 76 cents this morning.
Read MoreAfter making a takeover offer for mineral explorer Allegiance Mining last month, Zinifex has today been criticised by the target's largest shareholder for undervaluing the company at $1.00 per share offer.
Read MoreNon-bank lender RAMS Home Loans Group (RHG) announced today that it has executed documentation to extend a $750 million funding facility that had been due to expire on December 31.
Read MoreThe US economy is in recession or will be very soon according to Goldman Sachs JBWere.
Read MoreShares in aluminium producer, Alumina (AWC) fell on Thursday after the company said it cut its underlying earnings for financial year 2007 to $409 million from previously estimated $490 million, due to lower aluminium prices and higher Australian dollar.
Read MoreKitchenware distributor, McPherson's Limited (MCP) said on Thursday it has upgraded its expected first half result after experiencing positive trading conditions in the first four months of the year.
Read MoreNickel producer Minara Resources (MRE) rose by as much as 6.95% this morning after it announced that it is expecting "consistent" production runs this year after completion of a $100 million maintenance program work at its Murrin Murrin plant.
Read MoreInternational recruitment and labour hire firm Total Staffing Solutions (TSF) has made a flat debut on the ASX today.
Read MoreTasmanian salmon farmer, Tassal Group (TGR) said on Wednesday it has successfully completed a $67.2 million equity raising.
Read MoreTransfield Services (TSE) announced today that it has acquired a 50% stake in the Instrumentacion Y Servicios S.A. (Inser) for $16.25 million.
Read More