Corporates: Willmott Collapses, Lynas’ Bullish Upgrade
Australia’s tax-driven Managed Investment Schemes sector has collapsed with the final big player, Willmott Forests, falling over owing around $120 million to its banks.
Read MoreAustralia’s tax-driven Managed Investment Schemes sector has collapsed with the final big player, Willmott Forests, falling over owing around $120 million to its banks.
Read MoreMacquarie Group’s profit downgrade yesterday should be looked at as a big canary in the coal mine sort of warning for the rest of the world’s investment and asset trading banks like Goldman Sachs, Bank of America and JPMorgan.
Read MoreAccording to two private surveys issued yesterday, the jobs market remains strong and inflation is easing.
Read MoreAustralia’s AAA international credit rating has been reaffirmed by rating agency Standard & Poor’s (S&P).
Read MoreAustralian interest rates and jobs will dominate the week ahead with the Reserve Bank board meeting tomorrow and the August unemployment data out on Thursday.
Read MoreThe relief shown in equity markets at the relative good news around the August jobs data spilled over into commodities in the US Friday.
Read MoreNufarm shares fell more than 3% on Friday to take the week’s losses to around 14% after its was placed on credit watch by ratings agency Standard & Poor’s and lost its place in the ASX 100 Index of top stocks.
Read MoreMarkets are set to continue their global rally this week, but only after the American market emerges from a tonight’s holiday.
Read MoreSaturday’s terrible Christchurch earthquake is the second body blow in five days to New Zealand’s $NZ186 billion economy.
Read MoreWhile the risks have increased, we remain of the view that the US and global recovery will continue.
Read MoreFor some reason, the market took a dislike to yesterday’s outlook issued by Metcash at its AGM in Sydney.
Read MoreSo if we do suffer a sharp correction from international or trade-related factors that punctures our rebounding economic boom, can we do anything about it? Can the Government have a stimulus Mark 2?
Read MoreThere’s a big question to be asked after this week’s June quarter growth figures and the end of the reporting season.
Read MoreTwo days after the June quarter current account figures confirmed the rebound in our trade performance, we’ve got a timely reminder of how ephemeral things can be in global trade.
Read MoreAs strong growth in the June quarter was confirmed for Australia, we had news from China with news that two surveys of the country’s huge manufacturing sector have shown a small recovery in momentum in August.
Read MoreIt was good news, no matter which way you look at it.
Read MoreIt has taken two days, but the board of giant insurer QBE has finally rebutted those stories earlier this week that CEO Frank O’Halloran was to retire and be replaced.
Read MoreAnother market update, another sell off yesterday in the shares of Nufarm; it’s becoming a one way story for the agricultural chemicals group.
Read MorePerth-based Coote Industrial snuck a $124.6 million annual loss into the late June 30 reporters yesterday.
Read MoreThe Australian economy has started the 2010-11 financial year on a more solid footing than many analysts and investors would have thought.
Read MoreThe last time Australia recorded a current account deficit as small as the one for the June quarter, we were coming out of the slowdown in the early years of last decade.
Read MoreA decidedly mixed month August, July’s gains continued into the early days, but problems emerged as doubts grew about the health of the US economy.
Read MoreCentro Properties and its associate, Centro Retail Trust, continue to struggle as they confront the next 12 months that look even more strained than the outlook was a year ago.
Read MoreLateritic nickel producer Minara Resources, controlled by the huge Glencore commodity trading group of Switzerland, yesterday reported a turnaround to profit for the first half of the 2010 financial year.
Read MoreBrisbane-based testing and chemicals group Campbell Brothers has blinked and has lifted its offer for Ammtec of Perth, and lowered its sights as to whether it wants total control.
Read MoreYesterday was the second last day of the June 30 reporting period, so a string of losses or profit slumps were to be expected as companies held back the bad news.
Read MoreBeach Energy yesterday revealed an 87% drop in net profit for 2010, but is confident it can grow in 2011.
Read MoreFor the second time this year, Singapore has moved to try and cool a rapidly overheating housing sector by taking a policy leaf from the current Chinese playbook, while in complete contrast, South Korea has moved to trying boost its sagging housing sector.
Read MoreBooming Asia is developing a few more growth twitches that question the sustainability of the recovery that has been holding global growth in the black for much of the past year or more.
Read MoreAs the June 30 reporting season comes to an end, how did it go and what does it mean for the outlook for rest of 2010 and into 2011?
Read MoreSlowing America, surging Britain (and Germany), slumping Japan, with news this week on Australian second quarter growth to position us amid the still solidly performing economies.
Read MoreOil prices jumped in US trading to beyond $US75 a barrel on Friday night, our time, after US Fed chairman, Ben Bernanke attempted to soothe concern about America’s slowing growth rate.
Read MoreA relief rally dominated US markets on Friday, despite Intel’s surprise warning on sales and profits which would have normally sent traders off on another selling spree, especially among tech stocks.
Read MoreSo where will we be ranking internationally after the release of second quarter growth figures this week?
Read MoreThere’s nothing like a big, rich share buyback, a higher dividend and confidence about the coming year to erase lingering thoughts among investors large and small that a major company may have lost its competitive spark in the face of a revitalised rival.
Read MoreSo where’s the evidence of the capital strike from the Rudd Government’s troubled resource rent tax brawl earlier this year, or the investment crowded out by the high federal deficit and debt?
Read MoreLike Suncorp in 2009, Insurance Australia Group will have to dip into reserves to pay its full-year dividend after the insurer yesterday confirmed a July earnings downgrade and reported a miserable profit.
Read MoreTransport and logistics operator, Toll Group saw its shares jump 7% at one stage yesterday after it revealed a 3% rise in 2010 earnings after one off items and reported improving volumes and profit margins in its global businesses in the early weeks of 2011.
Read MoreTonight, our time, two events will tell us a lot about the future direction of the US and global economies.
Read MoreWhile BHP boosted earnings and dividend significantly in the year to June, analysts and investors have to heed the caution expressed in the company’s outlook.
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