Business Confidence Down Again
Corporate confidence in the future of the economy has again fallen sharply, according to the latest Business Confidence survey from the National Australia Bank.
Read MoreCorporate confidence in the future of the economy has again fallen sharply, according to the latest Business Confidence survey from the National Australia Bank.
Read MoreIt’s no wonder Santos reaffirmed its full year production guidance despite posting a 6% drop in output for first quarter.
Read MoreInvestors looking for guidance from big broking houses on the Wesfarmers rights issue at an expensive $29 a share might find it tough to locate some straight up and down advice and a recommendation, if that’s what you are looking for.
Read MoreIn the prospectus and other documentation for the rights issue, Wesfarmers provided shareholders with this update:
Read MoreWe now have confirmation that the British banking system is in denial and so sick that it needs special Government assistance.
Read MoreDon’t be surprised if the US Federal Reserve stops cutting interest rates and joins our Reserve Bank in sitting on its hands for a while for similar reasons.
Read MoreBusiness this week will be dominated by the March quarter’s Consumer Price Inflation figures on Wednesday, the ANZ’s 2008 interim profit the same day, and of course, the contentious West Australian Newspapers shareholder meeting in Perth, also on the same day.
Read MoreAfter Wall Street’s strong Friday and week, everyone’s attention is now on whether the US markets can make it back into the black for the first time this year.
Read MoreThe QBE $7.5 billion "offer” for IAG is due to expire at 5 pm, Sydney time today, and Wesfarmers this morning confirmed its huge rights issue.
Read MoreThe big rumour on the market at the moment is of a possible deal between the acquisitive Stockland and GPT, once the latter frees itself from the clutches of the strained investment bank, Babcock and Brown.
Read MoreSometimes Wall Street resembles the Titanic, before it met an iceberg that didn’t like it.
Read MoreBuried in the third quarter sales figures for Woolworths was an explosive bit of information.
Read MoreWell, we now know that China’s economy has survived the worst winter weather in 50 years, a surge in inflation and the Tibet problems.
Read MoreThe Australian share market finished the day up nearly 1%, as strong gains on Wall St whetted investor appetite for local stocks.
Read MoreDeveloper Australand Property Group (ALZ) has reaffirmed its earnings guidance for calendar 2008, despite challenging conditions in the property sector and volatile credit markets.
Read MoreHome appliances business, Fisher and Paykel (FPA) announced today its decision to axe 740 jobs in Australia and New Zealand as part of new strategy.
Read MoreBarring horrible inflation figures next week and in late July, the next move in interest rates will be down as the economy continues to slow faster than the Reserve Bank thought it would.
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