Oil: Woodside’s Pluto Successes Grow
For a while yesterday morning, Woodside Petroleum shares were the only major stock in green in the big sell-off after it surprised the market with a big gas discovery off the northwestern WA coast.
Read MoreFor a while yesterday morning, Woodside Petroleum shares were the only major stock in green in the big sell-off after it surprised the market with a big gas discovery off the northwestern WA coast.
Read MoreInvestors would do better to worry about the continuing drought in central and southern China than another dip in a key manufacturing index for May.
Read MoreMarkets across Asia sold off yesterday with financial and big miners taking a whack from nervous investors.
Read MoreMarkets across the globe racked up big losses yesterday and overnight.
Read MoreDid we see the eurozone financial crisis step up a notch late on Saturday?
Read MoreGlobal and more importantly, Chinese steel production continues to run at near record pace.
Read MoreUS stocks closed broadly lower for a third straight week last on emerging signs that US consumer demand may be weakening.
Read MoreNew York gold futures regained the $US1,500-an-ounce mark on Friday for the first time in a week thanks to those renewed fears about Greece’s financial state and differences in Europe over its new rescue.
Read MoreThis week we start the run up to the national accounts for the March quarter in Australia to be released next week which are likely to show negative growth in the March quarter, thanks to the impact of flooding in Queensland and Victoria in January and February.
Read MoreThe AMP’s chief economist, Dr Shane Oliver says a June rate hike by the Reserve Bank would be dangerous with house prices soft, consumer spending weak and low levels of confidence regarding family finances. Households are already struggling and these are good reasons for the RBA to tread cautiously.
Read MoreAs expected, the Japanese economy fell into recession in the first quarter when economic growth contracted thanks to the devastating impact of the March 11 earthquake, tsunami and then the Fukushima nuclear crisis that still hasn’t been controlled, more than two months later.
Read MoreNew Zealand has staved off an immediate credit rating downgrade by producing a budget which forecasts a return to surplus one year earlier than previous forecast, despite the multi-billion dollar cost of the September 4 and February 22 quakes which badly damaged Christchurch.
Read MoreA surprisingly upbeat update from pallets supplier and documents manager Brambles Ltd yesterday with the company confident of making guidance, despite tough times in some of its key markets in the US, Australia and Europe.
Read MoreWages growth eased a touch in the March quarter and consumer confidence dipped to an 11 month low, according to figures out yesterday, so what will the Reserve Bank say or do?
Read MoreFor the second time this week Leighton Holdings has hit the headlines, this time with news of a restructure of its international operations.
Read MoreDespite recent weakness in copper prices, OZ Minerals remains confident about the metal’s prospects.
Read MoreWith housing and construction on the east coast weak (but the mining industry growing quickly, with more to come), cement and lime manufacturer Adelaide Brighton isn’t looking to a breakout year.
Read MoreDon’t expect the downgrade by Moody’s of Australia’s four largest banks to have any impact.
Read MoreThe market was hardly overwhelmed by the third quarter update from property developer and shopping centre operator Mirvac Group.
Read MoreFairfax Media shares didn’t react yesterday to the much tipped move by the company to explore the possible sale of its radio stations.
Read MoreThe strong rise Friday and Monday in James Hardie Industries shares was explained yesterday with a statement that outlined significant capital management changes, including a buyback and a return to dividends, and a cut in the contribution to the Australian asbestos compensation fund next year.
Read MoreWe got the predictable analysis yesterday of the minutes of the latest Reserve Bank board meeting, but little insight.
Read MoreWe saw two profit downgrades from differing ends of the market.
Read MoreDuluxGroup, last year’s spin off from Orica, was another of the handful of big companies to go against the overall market weakness yesterday.
Read MoreGloucester Coal has finally confirmed that it is going to have another go at a reshuffle of assets involving its major shareholder, Noble Group, the big pan Asian commodities trading house based in Singapore and Hong Kong.
Read MoreShares in Leighton Holdings defied the broader market sell-off yesterday and rose after the company said it would be back in the black soon.
Read MoreFirst it was retail sales for March, then the labour force figures for April; now housing finance data for March has come in weak and surprisingly so.
Read MoreThe 2011-12 New Zealand budget will revealed on Thursday and for many of our leading banks, insurers, retailers and media companies, it won’t make pleasant reading.
Read MoreA quieter week in Australia for data after last week’s Federal Budget and labour force figures which confused the economic outlook and China’s April economic data that didn’t advance our understanding of where our most important trading partner is heading.
Read MoreGold, silver, copper, oil and shares all had a mixed end to a mixed week on Friday night, our time.
Read MoreA wary end to the week on Friday night in financial markets, with shares and commodities on pause or stuttering as traders try and work out whether the past fortnight is a blip or the start of a correction, or worse.
Read MoreStandby for higher diesel fuel prices in Australia.
Read MoreAs we wrote last Friday, Japan has moved to scale back the expansion of nuclear power and will focus on growing the renewables sector.
Read MoreSlowly the shape of the damage done to the Japanese economy by March 11 disasters is becoming more apparent.
Read MoreThe AMP’s chief economist, Dr Shane Oliver uses this week’s Federal Budget as an opportunity to examine the Australian economy.
Read MoreChina’s central bank has announced that it will raise its reserve requirement ratio for all domestic banks by 0.5 percentage points, effective from Monday, May 18.
Read MoreSo was the fall in employment in April a blip after the strong growth in March?
Read MoreThe Commonwealth Bank remains on track to produce yet another record profit result this year after turning in third quarter earnings of $1.7 billion yesterday.
Read More