Westpac’s “New Normal” Strategy Outlined
Is Westpac feeling the heat already from last week’s decision to lift home loan rates by a market leading 0.45%?
Read MoreIs Westpac feeling the heat already from last week’s decision to lift home loan rates by a market leading 0.45%?
Read MoreThe Australian economy’s rebound is still happening, according to job ads figures from the ANZ’s November report yesterday.
Read MoreEven though the economy missed the slump and employment is starting to improve, Skilled Group, the country’s dominant labour hire and services group, has seen its shares sold off heavily in the wake of an update that warned 2010 earnings won’t make the grade.
Read MoreOrigin Energy says it has been unable from buying the full 51.55% stake in the Otway Gas Project from Woodside, after a third member of the joint venture partner decided to exercise some of its pre-emption rights in the project.
Read MoreGUD has moved tantalisingly close to a controlling interest in Breville Group.
Read MoreRio Tinto and BHP Billiton have signed a binding agreement to combine their Western Australian iron ore operations into a multi-billion dollar joint venture and said they hope to have the deal wrapped up by the second half of next year.
Read MoreUS oil major Chevron has signed a $A90 billion contract, Australia’s biggest ever deal of any kind, to sell liquefied natural gas to Tokyo Electric Power from its proposed Wheatstone LNG project offshore northwestern Western Australia.
Read MoreThe US dollar rebounded strongly on Friday, giving it the strongest week since January in the wake of the much better than forecast US jobs figures.
Read MoreOur market should start higher today, but watch for the sell off in gold shares to emerge after the sharp 4% plunge Friday in the world price in New York.
Read MoreMore increases in Australian interest rates are likely in the year ahead as the RBA seeks to move rates towards normal levels. The normal level is now judged to be around 5%.
Read MoreBad, good, and perhaps more bad news for Nufarm shareholders from yesterday’s AGM in Melbourne.
Read MoreA solid month in November for many of the world’s major car markets, including Australia, but those economies where some sort of tax or purchase assistance is in place did a lot better than those without.
Read MoreThe New Zealand’s economy is likely to grow in 2010, thanks to rising consumer spending and global demand for exports, according to the latest update from the New Zealand Institute of Economic Research.
Read MoreNew highs for world gold prices again, with the futures price rising above $US1,227 in trading yesterday and overnight.
Read MoreNo joy again for the Seven Network and its owner, Kerry Stokes, in their long running C7 pay TV channel case, with a full bench of the Federal Court rejecting an appeal against the comprehensive loss in 2007 in the $200 million trade practices suit.
Read MoreSecond time unlucky for the agricultural chemical group, Nufarm?
Read MoreThe competition regulator, the ACCC, has rejected Caltex’s Australia’s attempts to grow by buying 300 service stations controlled by rival Mobil Oil Australia.
Read MoreGood news for shareholders in fund manager and trustee, Perpetual: they can expect a higher dividend and a higher profit for the December six months.
Read MoreGold surged to all-time highs above $US1,200 an ounce yesterday and overnight after the fears about risk and the collapse of Dubai faded and the US dollar dropped sharply.
Read MoreAnother rate rise to end the year, a few more howls and cries of complaint as banks follow with mortgage rate increases.
Read MoreThe rebound in private home construction continued in October, according to figures from the Australian Bureau of Statistics yesterday.
Read MoreThe country’s third force in groceries and liquor wholesaling, Metcash, has reaffirmed full year profit guidance of 7%-10% growth in earnings after meeting market expectations for its 2009-10 interim profit.
Read MoreNow we can see the strength of Asia’s recovery.
Read MoreThere’s nothing from the October credit figures to force the Reserve Bank to lift interest rates today.
Read MoreUnited Arab Emirate shares fell sharply overnight as the market reopened for the first time since Dubai called for a delay in repaying $US59 billion in debt last Wednesday.
Read MoreMore conflicting economic data from Japan, so much so that the government has revealed plans for what could be yet another stimulus spending package.
Read MoreOz Minerals, the miner that was given a second life after nearly imploding in the GFC, is looking to boost output at its Prominent Hill mine in South Australia next year and wants to speed the underground expansion of the operation.
Read MoreDavid Jones chief executive Mark McInnes says the upmarket department store group is well positioned to leverage the next upturn in the economic cycle.
Read MoreMore good news from China and Asia for the Australian economy.
Read MoreAmid the hysteria over Dubai’s little shock late last week there was some good and bad news from Tokyo.
Read MoreA further statement is expected later today from the Dubai government on its shock statement last Wednesday that called for a standstill on up to $US59 billion in debt from a key government business, Dubai World.
Read MoreFor the first time in months no US banks went broke last week.
Read MoreThe AMP’s chief economist, Dr Shane Oliver says no matter how much economic and investment issues change, there will always be a cycle. In other words history may not repeat but it does rhyme.
Read MoreWorld share markets have slumped on fears a possible default by Dubai will cause other highly indebted countries to follow suit.
Read MoreAfter the flood of figures this week, including the Fed’s board minutes, two things can be said with confidence about the US economic recovery.
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