Japan: Trade Slowing, Recession Looming?
And it’s no wonder BHP Billiton has become more cautious.
Read MoreAnd it’s no wonder BHP Billiton has become more cautious.
Read MoreAt least Suncorp Metway shares managed to hang onto some of their early gains yesterday from the released annual figures for the June 30 year that looked much sounder than those produced for 2009 and 2008.
Read MoreAnd it wasn’t just the likes of Rio Tinto and BHP Billiton that enjoyed a bounce back in sales and earnings in 2010 from the losses or big profit falls of 2009.
Read MoreA rare sector of retailing that didn’t sink into the slough of despond in 2009-10 and that’s car bits and leisure, judging by the record result from market leader, Super Cheap Auto.
Read MoreMuch of the fizz went out of the Fosters’ share price yesterday, despite the group producing a profit that was better than market forecasts.
Read MoreLooking at the results of leading property groups and those recent trading updates from three major banks, plus the full year figures of the Commonwealth, one common factor emerges.
Read MoreShares in Queensland-based Macarthur Coal were halted yesterday to allow the company to raise a reported $430 million in a quick capital issue after it delivered annual net profit at the top end of guidance.
Read MoreOrigin Energy is confidently expecting a solid rise in 2011 profit of up to 15%, according to upbeat guidance issued by the group yesterday.
Read MoreAs expected, earnings of Flight Centre took off in the year to June 30 as more Australians travelled overseas to take advantage of a stronger Aussie dollar.
Read MoreTelstra shares took the pounding we warned about last week yesterday in the wake of the indecisive election result and fears that the $11 billion NBN deal might be in danger.
Read MoreWith Westpac delivering its third quarter update yesterday a couple of points emerge strongly.
Read MoreGlobal crude steel production continues to weaken, with July figures from the World Steel Association showing another slide in capacity utilisation across the 66 major steel producing countries.
Read MoreOil refiner and marketer, Caltex Australia, loves to play games with its profits, reporting them in two ways.
Read MoreAs forecast by the company, paint maker Wattyl Ltd has returned to the black as it moves closer to being absorbed by US paint group, Valspar.
Read MoreSo what does the hung election mean for the economy, business and the markets?
Read MoreEverywhere you look in the US, there seems to be unremitting gloom, even though there are some positives, such as jobs growth in the depressed car making state of Michigan and several other hard-hit areas of the US.
Read MoreAmong commodities, oil prices fell for a second consecutive week and hit a six week low as the poor economic news and the surge in American oil stockpiles undermined sentiment.
Read MoreWestpac reveals its third quarter trading update this morning to complete the reports from the four big banks.
Read MorePost election and its back to the economy here and offshore and the various markets.
Read MoreIn some respects the Wesfarmers’ full year (and interim for that matter) results were misleading.
Read MoreIgnore the impact of the Australian dollar and extra costs and write-offs and food giant, Goodman Fielder turned in a not too bad result, with earnings up around 10-11%.
Read MoreGood news; or another flash in the pan for the troubled US division of Brambles CHEP pallet business?
Read MoreOn July 26, QBE Insurance warned that the group was facing a 40% fall in interim group earnings because of lower returns from markets, especially fixed interest securities such as bonds as well as cash.
Read MoreBig global investors are not as bearish as they were a month ago.
Read MoreSo is the BHP Billiton thrust for control of Potash Corporation of Canada a good thing?
Read MoreAmong the trio of retailers reporting profits or sales figures yesterday, David Jones got most attention because of its position in the market and the recent harassment claims against the company and former CEO, Mark McInnes, which forced his resignation.
Read MoreStill in retailing and mall major, Westfield Group posted operational earnings of $1.03 billion in the first-half of 2010, the company told the ASX yesterday.
Read MoreWoodside has delayed a final decision on its Pluto LNG project expansion until next year, according to comments with the company’s interim 2010 profit statement yesterday.
Read MoreAustralia’s biggest drug company, CSL Ltd, seems to have run out of ideas for new investment, so it is going for another buy back offer to shareholders of up to $900 million.
Read MoreOneSteel is looking more like a steel business being subsidised by a booming iron ore export operation.
Read MoreMore signs of some financial strength returning to the embattled property trust sector.
Read MoreEngineer and services contractor UGL Ltd sees a 10% to 15% improvement in 2011 profit, which will be a lot better than the 1.5% improvement revealed yesterday for the year to June.
Read MoreShares in infrastructure services consultancy Cardno Limited rose more than 3% yesterday after the company revealed a record net profit after tax of $37.60 million, up 10% for the June 30 year.
Read MoreBHP Billiton has made its much rumoured move to grow its fledgling fertiliser business by launching a direct assault at the world’s biggest company in the industry Potash Corp of Canada, which immediately rejected the $US39 billion (A42.3 billion) offer.
Read MoreOops, but aren’t the US, Chinese and Japanese economies, the world’s three biggest, suddenly in synch again, on the downside as economic growth slows?
Read MoreConstruction giant Leighton Holdings yesterday reported a 39% rise in annual profit and higher dividend, as it attempted to convince the market that it was over any problems it the Middle East.
Read MoreSteel producer Bluescope Steel returned to the black in the 2010 year, earning a net profit of $126 million.
Read MoreBid off, deal done, Sigma Pharmaceuticals survives to live another day.
Read MoreVirgin Blue is abandoning New Zealand after millions of dollars of losses in the three years of flying domestically across the Tasman.
Read MoreA tale of contrasts last week on global economic growth, with data from Europe and the US the standouts and helping explain why markets have gone all mushy so quickly.
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