Kneejerk Tax Reaction Clouds Bigger Stories
So what was the big story yesterday?
Read MoreSo what was the big story yesterday?
Read MoreYum went the market yesterday after Orica returned to the task of floating off its consumer paint and garden products business, while reporting a reasonably solid interim result for the 2010 financial year.
Read MoreJust as Orica is seeing some upturn in demand for its services from the mining industry, so too is drilling services group, Boart Longyear seeing improved interest from the drilling sector.
Read MoreBoth measures will boost the small exploration sector.
Read MoreThe sharemarket, investors and self-managed super funds and small business look the big winners, from the tax changes announced yesterday.
Read MoreJudging by the futures market, it will be a rough opening on the ASX today after Wall Street’s somewhat surprising across-the-board dip on Friday night.
Read MoreWoolworths has blamed the absence of federal government stimulus spending for the fall in sales growth and the actual falls in its Big W and consumer electronics businesses in the March quarter.
Read MoreQuite a week ahead: interest rates and house prices in Australia, fallout from the Henry Tax Review, jobs figures in the US, the Goldman Sachs saga, the Greek collapse or rescue tale, the BP Gulf of Mexico oil disaster, an election in the UK and quite a bit else
Read MoreThe market wasn’t all that convinced by ANZ’s interim profit, not that it looked light on, just that there was less growth than expected, especially from Asia where the bank is expanding, and Australia.
Read MoreThe rebound in the economy and the burst of job creation in recent months seems to have bypassed the one listed company that was designed to ride it.
Read MoreAustralian Pharmaceutical Industries (API) stands at the top of the Australian healthcare sector simply by meeting guidance.
Read MorePlatinum Capital is one of Australia’s biggest offshore investors.
Read MoreThe AMP’s chief economist, Dr Shane Oliver says the Greek debt debacle, along with worries about increased bank regulation and Chinese tightening, has the potential to contribute further to a correction in shares in the short term.
Read MoreShares in poker machine maker, Aristocrat Leisure fell nearly 3% yesterday after the annual meeting was warned that the strong Australian dollar could impact the company’s profits this year.
Read MoreInflation is stirring, perhaps just enough to get the Reserve Bank a little anxious at next Tuesday’s monthly board meeting.
Read MoreNo wonder world financial markets, especially equities, got the wobbles yesterday as Greece slid closer to default, a move that would damage the euro and the fragile European economic recovery.
Read MoreUp till Greece hit the fan this week, quite a few US economists and analysts were hoping the Fed would change the wording of its post meeting statement early today to qualify that phrase "extended period” and put the markets out of their misery.
Read MoreWest Australian Newspapers Holdings Ltd (WAN) saw its shares dip 4%, then recover half that yesterday after it revealed a 14.4% rise in third quarter earnings.
Read MoreAn end finally to the protracted takeover battle for control of CBH Resources?
Read MoreShares in resources services group, WDS came out of a trading halt in place since before Easter yesterday and they promptly fell more than 12% after the company revealed more problems and a loss for the year to June.
Read MoreSuper Cheap Auto Group is to expand deeper into the outdoor leisure sector with the $54 million purchase of rival operator, Ray’s Outdoors.
Read MoreSouth Korea confirmed yesterday that the recovery was still alive and well in its economy with a surprisingly robust rise in first quarter growth.
Read MoreThe Chinese government is continuing its efforts to take control of the overheating property sector in a sign that it sees continuing pressure on the wider economy.
Read MoreHowever, the property sector wasn’t at the centre of a generally optimist outlook for the country’s booming economy for 2010 from the country’s central bank.
Read MoreThere may be good news for investors, especially retirees and savers.
Read MoreGunns Ltd, the troubled Tasmanian timber group, has made its last attempt to remain viable with a restructure and board changes involving power figure and chairman, John Gay, and supporter and former Tasmanian Premier, Robin Gray.
Read MoreA busy, busy week. There’s the UK election campaign, Australian inflation, US jobs, US interest rates, Japanese inflation and unemployment, Australian credit and more earnings releases in the US and Asia, plus Greece’s continuing woes.
Read MoreThe National Australia Bank has started a new survey to complement its existing business confidence and conditions and small and medium enterprises surveys that appear monthly and quarterly.
Read MoreSo far March quarter production reports from the likes of BHP Billiton and Rio Tinto have been less than positive. "Mixed" is a good way to describe them.
Read MoreLIke Australia, japan is being dragged out of its slowdown by booming Asia, particularly China.
Read MoreRetail shares have taken a pounding this year as investors moved away from defensives and into cyclicals and more deeply into resources and banks.
Read MoreWhile BHP Billiton has a problem with possible corruption (see next report), it has made an interesting call in its third quarter production report.
Read MoreBHP Billiton, the world’s biggest mining company, has joined its smaller rival, Rio Tinto, in being implicated in possible corrupt activities.
Read MoreAs expected, India has joined Australia in lifting rates more than once to try and control a strong recovery.
Read MoreOneSteel is still having trouble with its Whyalla blast furnace which first had problems 10 days ago.
Read MoreMost Australian superannuation funds may be on track to post double-digit returns this financial year, after returns jumped in March.
Read MoreFor the National Australia Bank and the AMP, yesterday’s AXA Asia Pacific update was tantalising.
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