Corporates: AVL-Cons Brands Wine Merger Off
Wine company Australian Vintage Ltd (AVL) and global wine giant Constellation Brands of the US (CBI) have ended talks over the merging of their Australian and UK operations.
Read MoreWine company Australian Vintage Ltd (AVL) and global wine giant Constellation Brands of the US (CBI) have ended talks over the merging of their Australian and UK operations.
Read MoreA new bid for Macarthur Coal after another day of release and counter release in the battle for control of the miner yesterday.
Read MoreThere was nothing in yesterday’s March jobs figures that would cause the Reserve Bank to change its mind on the future direction of interest rates.
Read MoreWe will learn next week just how the Chinese economy travelled in the first quarter (and the month of March), with property prices (houses especially), inflation, exports, growth, output and retail sales the figures to watch.
Read MoreProperty company Mirvac Group is raising $500 million at the same time as it revealed it had entered into due diligence on Westpac Office Trust.
Read MoreSigma Pharmaceuticals has defended the timing of its release of its 2009-10 financial report and its $389 million of losses which triggered a 48% slide in the share price on March 31.
Read MoreAustralian shares paused yesterday on the edge of the 5,000 point mark for the second time this year.
Read MoreCar industry figures show that the Australian motor industry is back on track, recording its biggest ever sales for March.
Read MoreMacarthur Coal has rejected the second bid from US group, Peabody Energy, saying the higher $14 a share price still undervalues the company.
Read MoreThe Reserve Bank lifted interest rates by 0.25% to 4.25% and signalled that there’s more in store.
Read MoreMacarthur Coal and its deal partner, Noble Group of Hong Kong, seem to be going their separate ways as Peabody Energy lifted its proposed offer for Macarthur by 8% to $A14 a share yesterday.
Read MoreThe ANZ job ads survey for March showed a noticeable slowing on the huge 19.1% surge in February, while a second job ads survey revealed a solid rise.
Read MoreShareholders in Forge Group Ltd, a Perth-based construction and engineering group, have approved the placement of shares to fellow Perth engineer and contractor, Clough Ltd, despite a last minute attempt by a third party to stymie the deal.
Read MoreLast week was probably the best there has been since the slump started back in late 2007.
Read MoreMacarthur Coal and its would-be suitor, Peabody Energy of the US, have until next weekend to either do a deal or go their separate ways, with the latter looking less likely unless the Noble Group can cough up more money.
Read MoreCopper hit its highest level in 20 months, nickel is around a two year high, oil traded at the highest it has been for 17 months and the prices of other commodities were a bit stronger after a solid pre-Easter run up.
Read MoreSpeculation about an imminent move in the value of the Renminbi has intensified amid rising trade tensions between the US and China.
Read MoreAustralian housing remains very expensive, but the AMP’s chief economist, Dr Shane Oliver, says that’s being supported by an undersupply (as we saw with yesterday’s fall in building approvals). Expensive housing & high household debt levels are a risk but in the absence of higher unemployment, much higher interest rates or a big supply increase, a US style collapse in Australian house prices is unlikely.
Read MoreNo interim dividend for shareholders in the Ten Network for another half, despite it seeing a "strong" improvement in its latest half, the first interim profit to be reported by the group as an independent company.
Read MoreExpectations of another rate rise at next Tuesday’s Reserve Bank board meeting might have to be tempered after official data yesterday revealed sluggish retail sales and another down month for building approvals.
Read MoreEven after all the warnings, the 2009-10 result from Sigma Pharmaceuticals yesterday was still a surprise, and shocking.
Read MoreIn the space of 24 hours Australia’s resources sector has hotted up with $12.5 billion in bids, one in gold (see below) and one in coal.
Read MoreShares in Ausdrill Limited continued to recovery yesterday from the big fall Monday after the company revealed details of a $103 million capital raising.
Read MoreA blip, or a sign that Japan’s economic rebound from the depths of the 2009 recession, might be running short of oomph?
Read MoreThe Australian Competition and Consumer Commission has delayed its ruling on the AMP offer for AXA Asia Pacific, effectively delaying any deal for just over three weeks.
Read MoreAnd small iron ore hopeful, Gindalbie Metals says it has sealed a possible $US65 billion ($70.8 billion) iron ore sales contract with its Chinese joint venture partner.
Read MoreBHP Billiton and Rio Tinto, plus the likes of Fortescue and other iron ore exporters, are in for big profit gains this year.
Read MoreSo will the latest Telstra announcement make any difference?
Read MoreAs expected farm chemicals group Nufarm reported a first-half loss of $40 million, thanks to a fall in sales of its key herbicide.
Read MoreWe could be facing a series official interest rate rises over the next few months that end up being quicker than previously thought.
Read MoreInternet service provider iiNet Ltd yesterday confirmed the $40 million acquisition of Melbourne-based internet and fixed telephone company, Netscape.
Read MoreMacarthur Coal appears to have managed to avoid any damage to its coal exporting target despite a 10 day break because of cyclone damage at the Dalrymple Bay terminal in central North Queensland.
Read MoreIn Australia, the focus will be on data for retail sales, building approvals and private credit as these will be the last major data releases ahead of the RBA’s next board meeting tomorrow week, after the Easter break.
Read MoreWe didn’t get any clarification on the future of toll road operator, Transurban Group from its investor day on Friday.
Read MoreCommodities might face a difficult week if those fears on US bond yields and the economy collide.
Read MoreSo will the Dow reach the 11,000 mark this week ahead of the surprise release of the March employment and unemployment data on Good Friday, US time?
Read MoreChina has made another move to try and control property and land speculation.
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