CBA Sneaks A Rate Rise In
The Commonwealth Bank has been able to sneak an extra 0.25%, or one whole official RBA rate rise, in its trio of rate increases for mortgages starting in January.
Read MoreThe Commonwealth Bank has been able to sneak an extra 0.25%, or one whole official RBA rate rise, in its trio of rate increases for mortgages starting in January.
Read MoreChevron, the world’s fifth biggest energy group, has revealed plans for two significant gas projects in the Asia region at a cost of perhaps $10 billion.
Read MoreMore evidence yesterday of the extent of the disruption caused by the heavy snowstorms and bad weather in China in January and February.
Read MoreWall Street and European stocks were lower as oil once again touched a new record high and copper fell sharply.
Read MoreThe share market was 1.2% weaker today after it was lead by finance sector losses as well as resource firms’ declines, after more fear was instilled about the possibility of US recession.
Read MoreThe country’s biggest fertilizer maker, Incitec Pivot (IPL) said today it is set to acquire manufacturer of commercial explosives Dyno Nobel (DXL) for $3.3 billion, a result which will create a ‘leading global chemicals company’.
Read MoreWestern Australian explorer and miner Kagara (KZL) said on Tuesday it will lose about 3,000 tonnes of copper production due to a series of prolonged rain events.
Read MoreSoftware publisher, Manaccom (MNL) today said it had entered into an arrangement with Big W retail stores to supply a selection of popular software titles throughout its stores nationwide.
Read MoreLast week’s Zinifex-Oxiana merger grabbed the headlines in the resources sector, but unnoticed on Friday’s re-alignment of the BHP offer for Rio Tinto.
Read MoreApart from oil and perhaps copper, not much in the way of good news on Friday for commodities followers and resource companies.
Read MoreWell, judging by the fall on Friday on Wall Street, Australia will take the brunt of today’s selling as trading resumes in Asia.
Read MoreTwice now since the start of the year US stockmarket indices have flirted with steep falls and near death experiences.
Read MoreToday will be rough in Australia and the rest of the week is likely to be just as uncomfortable for markets around the world on the back of figures from the US, Japanese and Chinese economies on growth, inflation and other key indicators, and more rumours of problems with the creditworthiness of major companies and financial groups.
Read MoreAfter dismissing rumours on Friday that it would be forced to sell some of its holdings, investment firm Babcock and Brown (BNB) further reassured investors today after it said it has retired more than $250 million of short-term margin loans from existing resources and received commitments for new term finance.
Read MoreAustralian miner and explorer, Herald Resources has once again unanimously recommended its shareholders accept a$504.8 million takeover offer from a consortium of Chinese and Indonesian interests, but warned share holders to first wait until the end of the offer period.
Read MoreExplorer for diamond deposits, Paramount Mining Corporation (PCP) today said it had recovered a diamond which might point to a volcanic source, propelling its shares up as much as 10%.
Read MoreAustralian shares fell 1.6%, hitting a new 2008 low on Monday after unfavourable U.S. jobs data and a slump in Wall St on Friday added to overall investor concern regarding possible US recession.
Read MoreThe Australian economy is in better shape than the Reserve Bank, the federal government and the rest of the country believed before the December quarter National Accounts were issued yesterday.
Read MoreDespite deteriorating global economic conditions, inflation remains a global concern, not just in Australia.
Read MoreOne way or another, the Allco Finance Group is dying, who’s next?
Read MoreBankruptcies in the US rose by almost 30% last month; people in the housing foreclosure process were 97% above January 2007, jingle mail is no longer someone making a poor Christmas joke: it’s the sound of letters being delivered to American banks with home keys inside after people have walked away rather than stay and watch the value of their houses, units, flats, etc drop any further.
Read MoreA day of losses brought the markets down to a six week low, as continuing credit market concerns overwhelmed investors and banks once again led the declines.
Read MoreBabcock & Brown released a statement to the ASX today in an effort to dampen market rumours that it could be forced to sell some of its holdings in its specialist managed funds.
Read MoreAllco (AFG) fell to a record share price low of 33 cents this morning after banks seized a substantial percent stake in the company late yesterday.
Read MoreThe national construction activity has expanded in February but at a slower pace than the previous month due to renewed weakness in house and apartment building, a survey has shown.
Read MoreYes, we know the drought has had a dramatic impact on rural and regional Australia’s farmers, towns, cities and companies, but a combination of surging world prices and a possibly better season this year has seen the country’s biggest fertilizer maker, Incitec Pivot forecast a more than doubling in pre tax earnings for the year to September 30.
Read MoreWhile Australia’s economy slowed in the December quarter, it won’t be enough to satisfy the gloomy folk at the Reserve Bank or change their thinking on interest rates.
Read MoreThe Bank of Japan will hold another meeting in Tokyo tomorrow at which a non-decision will be made to leave interest rates at the official 0.50%, meaning it will not have changed for a year.
Read MoreWall Street rose, fell and then bounced a touch at the end on mixed business and economic news, but for the third time this week, commodities was where the action was.
Read MoreIt’s not often you see Macquarie Bank/Group blink and retreat from lending people money.
Read MoreIt would have been music to the ears of an Australian Reserve Banker.
Read MoreThe Australian stockmarket remained buoyant today with resources stocks leading the way after commodity prices rose overnight and US stocks finished higher.
Read MoreShares in Incitec Pivot (IPL) surged as much as 9% on Thursday after the fertilizer manufacturer and supplier increased its 2008 outlook up to 135% on the previous year due to higher international prices.
Read MoreAustralia’s fifth largest bank, St George (SGB), has sent an indication it is considering increasing its lending rates, including home loans, by as much as 40 basis points, or 0.4%.
Read MoreShares in Allco Finance Group (AFG) rose by more than 20% today after the company announced it had been forced by margin calls it to sell most of its holdings in three Rubicon property trusts.
Read MoreShares in troubled childcare centre operator, ABC Learning Centres (ABS) rebounded as much as 28% as they resumed trading this morning, following an announcement that private equity firm Morgan Stanley is to buy a 60% stake.
Read MoreUnlike the statement after the February 5 meeting, which was followed up by the hawkish Statement of Monetary Policy and then the release of the February 5 meeting’s minutes, yesterday’s statement didn’t push the RBA’s stance any further.
Read MoreFirst there was the surprise boost to estimates for new private capital spending for 2008-09, now we’ve got confirmation that national income (measured by the terms of trade) is going to rise to record levels over the 18 months, thanks to a renewed surge in export revenues from our resources boom.
Read MoreDid the Australian economy hit a pothole or speed bump in January? The surprise slowdown in retail sales figures for the month suggest it may have hit an unexpected hole after consumer confidence fell sharply in the month and continued falling in February.
Read MoreNo real worries about slowing retail sales, rising interest rates or a sluggish economy from retailer David Jones which yesterday revealed its long awaited update of its corporate strategy for the four years starting 2009.
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