Temporary US Budget, Debt Deal Triggers Rally
Standby for a big day on the Australian stockmarket and markets through Asia after a relief rally swept Wall Street overnight.
Read MoreStandby for a big day on the Australian stockmarket and markets through Asia after a relief rally swept Wall Street overnight.
Read MoreTake the September jobs report and many of the reactions to it with a great big grain of salt or, better still, take a cold shower if you think it’s good news.
Read MoreThe Bank of Queensland (BOQ) has returned to profits for the 2012-13 year, putting behind it the tough 2011-12 when it became the first Australian bank in 20 years to record a loss.
Read MoreSo you’ve decided to join the million-plus Australians who are trustees of their own self-managed super funds (SMSFs).
Read MoreInvestors in local print media companies such as Fairfax Media, News Corporation, Seven West Media and APN News and Media should take note of what’s a dramatic move from major global paper, The Financial Times as it tries to build on its already highly successful foray into the online world.
Read MoreAre there signs of a solution to the US budget and debt ceiling impasse that is starting to worry markets around the globe?
Read MoreNewcrest Mining’s (NCM) $6 billion plus of write-downs and losses this year saw a board and management clean out yesterday as the company seeks to put behind it years of dud investments, missed production guidance and falling profits.
Read MoreGlobal resources engineering group, WorleyParsons of Perth, surprised the market yesterday with a semi downgrade of expectations for the coming year – certainly for the first half.
Read MoreThe US budget and debt ceiling stalemates are slowly impacting markets around the world, with Wall Street suffering another day of nerves which saw a second successive sell off.
Read MoreThe board of the Warrnambool Cheese and Butter Company (WCB) has leapt into the arms of a big Canadian dairy group in an effort to escape the clutches of local rival, Bega (BGA).
Read MoreAs was expected, business confidence jumped sharply in the wake of the September 7 election result, but that has had little impact on the still sluggish conditions locally for companies.
Read MoreShareholders in energy explorer Karoon Gas (KAR) know well the roller-coaster ride of such stocks on the Australian Securities Exchange (ASX).
Read MoreThe US Budget shutdown is fast becoming a debt ceiling brawl and US default fears are on the rise.
Read MoreA truncated week for most of Australia won’t detract from impact of the most important domestic bit of news – the September employment report on Thursday.
Read MoreMixed news for Australia and Australian exporters, such as miners, from the World Bank’s latest survey of the East Asian region, which contains some of our major export markets, led by China.
Read MoreShares in Leighton Holdings (LEI) plunged more than 10% or around $2 yesterday in the wake of the bribery and corruption allegations published in Fairfax Media newspapers.
Read MoreDespite owning one of the world’s biggest open cut nickel mines in Brazil, Mirabela Nickel (MBN) is struggling to remain afloat as it faces the loss of a major customer and has cash draining out of the business daily, while the company’s share price has plunged to new lows where it is pricing the company as a bust about to happen.
Read MoreDay three of the US shutdown and slowly but surely the markets are starting to quiver as the debt ceiling deadline comes into focus.
Read MoreMining giant Rio Tinto (RIO) continues to make progress in its difficult talks with the Mongolian government on its hugely expensive Oyu Tolgoi copper and gold mine, and it’s also making rapid progress with work on its Pilbara iron ore expansion plan in Western Australia.
Read MoreDay two of the US government shutdown and markets remain confused, cautious, but with a touch of real concern starting to appear at the edges.
Read MoreWarrnambool Cheese and Butter Factory’s (WCB) defence against the $320 million hostile bid from Bega Cheese (BGA) continues to take the predictable route.
Read MoreWhat is it about the struggling Elders (ELD) group and controversy?
Read MoreNo rate cut from the Reserve Bank and the closing down of the US government should have made for a tough day everywhere yesterday, but most markets ended up higher, instead of lower.
Read MoreThe unlikely combination of the lack of a rate cut and the US government shut down sent the Aussie dollar flying over 94 US cents overnight.
Read MoreOver nearly four decades of export, markets in more than 30 countries have come to recognise the Australian drop as a premium taste, with the unique Australian floral notes giving it a flavour profile on the palate unlike anything else in the world.
Read MoreAnother dodgy Australian takeover situation story from London on a Sunday that was not backed up by the facts.
Read MoreToy and confectionery business Funtastic (FUN) has seemingly gone against the trend in retailing by lifting its profit by 34% for the year to July 31.
Read MoreMarkets in Asia, Australia, Europe and the US took a hammering yesterday and overnight as the US budget crisis headed towards forcing the US government to shut down much of its operations from later today, our time.
Read MoreIt is a bit hard to pick what’s not going to be an important issue for markets this week – from Australia, to China, Europe and the US, there are a series of issues, data releases or scheduled news events that will give sentiment and confidence a big shaking.
Read MoreThe US budget and debt controversies are slowly moving to the forefront of issues worrying investors offshore, but in Australia it is yet to register, except in the value of the Aussie dollar.
Read MoreNow for the silliness in Washington where it’s generally agreed that some lunatics have escaped and are in control of the asylum bus and driving straight for a cliff.
Read MorePredictably there were a few jokes in reports and the market about a deal with a "midas touch" after protective clothing and condom maker Ansell (ANN) revealed yesterday it was buying a key supplier, South Korean glove maker and textile group Midas.
Read MoreInvestors seem more resigned than anxious about the increasing chance that Gindalbie Metals (GBG) will lose some of its 50% of the troubled and delayed Karara iron ore project in WA.
Read MoreAs to be expected, the earlier ‘don’t sell’ from the board of Warrnambool Cheese and Butter Factory (WCB) has turned into rejection of Bega Cheese’s (BGA) $319 million offer on the ground that it is inadequate.
Read MoreThe success of self-managed super has been stunning. In 2003, according to super research group Rainmaker, there were just over 260,000 SMSFs, holding about $108 billion in assets, or one-fifth of the superannuation pool.
Read MoreYes, the Reserve Bank is a tad concerned about the way house prices are rising and yes, a senior bank executive (in fact the Assistant Governor in charge of the Financial system) indicated last week that the bank did not see property bubbles forming.
Read MoreGiven the 1% to 2% slide in topline and same store sales in its 2012-13 financial year, a weaker result from David Jones (DJS) was always expected by the market.
Read MoreMelbourne-based agricultural chemicals and seeds supplier Nufarm (NUF) says its 2012-13 performance was hit by challenging seasonal conditions and a difficult market in Australia.
Read MoreFonterra Co-Operative, NZ’s biggest company and the world’s biggest dairy exporter, has warned shareholders not to expect a repeat of the strong end of the latest trading year.
Read MoreTrans Tasman clothing retailer Kathmandu (KMD) has provided yet another lesson to the moaners and groaners in the Australian retailing sector (such as Myer’s Bernie Brookes and Premier’s Solomon Lew) about superior sales and profit performance by producing one of the best results for the 2012-13 financial year.
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