Macquarie Group’s Tough 2009 Outlook
2008 ended up being something of a struggle for Macquarie Group, with factors outside its control conspiring to make conditions in the second half to March 31 pretty tough.
Read More2008 ended up being something of a struggle for Macquarie Group, with factors outside its control conspiring to make conditions in the second half to March 31 pretty tough.
Read MoreThe Australian dollar was pushed over 96 USc yesterday after the Reserve Bank used the minutes from its May 6 board meeting to put an interest rate rise back on the table, with the strong warning that one is in the offing if demand doesn’t continue to slow.
Read MoreMeanwhile the darling of many investment analysts lately, Transfield Services, took a pounding Friday when it revealed a surprise earnings downgrade because of the impact of the strong Australian dollar.
Read MoreWith the scent of improved crops and returns, there’s another example of rural rationalisation outside the farmgate with Graincorp, the largest grain handler on the East Coast, launching a surprise hostile offer for livestock feed maker Ridley Corporation.
Read MoreAfter the Federal Budget last week and its aftermath, it will be a less frenetic week here for the economy with only a couple of important statistics for release.
Read MoreThe weaker US dollar and concerns about the reliability of oil supplies helped send the price to an all time high of $US127.82 on Friday, before it eased in late trading to close at $US126.29, up 1.7% or $US2.17 a barrel in New York.
Read MoreThe Australian dollar has hit the highest level since being floated back in 1984.
Read MoreWell, the local market here is expected to be a touch firmer today after Friday’s indifferent close in New York and the absence of any negative news about commodities and the BHP-Rio bid situation.
Read MoreThe market got a taste for the earnings outlook for Coca-Cola Amatil yesterday after shareholders at the AGM were told to expect "high single digit growth in net profit" for the 2008 financial year.
Read MoreI think the US federal Reserve is trying to tell us something about inflation and interest rates.
Read MoreInflation might be of emerging concern to the US, but in Japan it’s a real problem now, which shows no sign of slowing.
Read MoreAmid all the debate over the 2008-09 federal budget it’s useful to remember one thing.
Read MoreThe slowdown engineered by the Reserve Bank is having an impact on retailers, large and small.
Read MoreThere are a number of items scattered through the budget that will have an impact on the market and investors and some of us in business.
Read MoreThe Federal Government is expecting a rise in unemployment in 2008-09 as the fight against inflation slows the economy.
Read MoreBlueScope Steel, the country’s biggest steelmaker, says second-half earnings could be up to 83% higher because of higher world steel prices, driven by demand for buildings and automobiles in China.
Read MoreShares in Australia’s only listed private health insurer, NIB Holdings Ltd, dropped sharply yesterday ahead of changes to the Medicare levy surcharge threshold in tonight’s federal budget.
Read MoreWestpac has approached St George Bank to merger in an all share deal that could be worth over $15 billion to SGB shareholders.
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