Macquarie Group Debuts, Falls On Subprime Fears
Macquarie Group (MQG) fell by as much as 5.17% on its debut as a new company today.
Read MoreMacquarie Group (MQG) fell by as much as 5.17% on its debut as a new company today.
Read MorePut the glasses away, interest rates are going up next week after the Reserve Bank board meeting on Tuesday. Another month of strong retail sales shows consumers haven't lost their appetite for spending, despite the rate rise in August and the uncertainty about the credit freeze and more interest rate rises.
Read MoreChina has been forced into an inflationary boost to domestic oil product prices by the surging world price which yesterday topped $US96 a barrel.
Read MoreTelstra yesterday again surprised with an upgrade in earnings and performance, but will that be enough to save the company and its mostly American management from being criticised at the forthcoming annual meeting?
Read MoreLike St George the day before, record result from Westpac lit a fire under banking stocks for a second day in a row.
Read MoreAnsell (ANS), a healthcare barrier protection business, reconfirmed its earnings per share are in line with its guidance at its annual general meeting today and indicated strong first quarter results.
Read MoreAGL Energy (AGK) rose by as much as 8% today after the large Australian energy company said it is selling its 33% interest in West Australian gas retailer AlintaAGL to Babcock & Brown Power's Alinta for $522 million.
Read MoreAustralian engineering firm, Downer EDI (DOW) once again confirmed its status quo as a perennial underperformer, delivering a profit downgrade for 2008, which drove its shares down by as much as 11% on Friday.
Read MoreMost of us see the falling US dollar in terms of cheaper overseas holidays. If only the devaluation of the world's reserve currency were that benign.
Read MoreShares in Australasian Resources (ARH), a mineral explorer, rose by 2.04% to $1.50 after it said an expansion to the mining, processing and infrastructure areas required to develop its world class Balmoral South Iron Ore Project, located in the Pilbara region of Western Australia, has been secured.
Read MoreMineral exploration company Giralia Resources (GIR) rose by as much as 25% today after the company announced it had commenced a 40 hole reverse circulation (RC) drilling program at its Earaheedy iron ore project in Western Australia.
Read MoreCape Lambert (CFE), an iron ore explorer, said today it completed acquisition of three tenements adjacent to its iron ore project located in the Pilbara region of Western Australia, increasing the company's ground holding to 70%.
Read MoreTELSTRA (TLS) rose today after upgrading its earnings guidance for the year as its transformation strategy continues to deliver strong results. The earnings upgrade was announced in conjunction with the company's six-hour investor update, held in Sydney today.
Read MoreGold futures rose above US$800 an ounce today for the first time since 1980, following the US Federal Reserve's decision to lower interest rates by 25 basis points to 4.5% overnight. The interest rate cut came despite reports that the US economy grew at an annual rate of 3.9% in the third quarter. The Fed is clearly targeting the housing market, and more specifically Wall Street's exposure to it.
Read MoreThe US Federal Reserve has, as expected, cut interest rates by 0.25%, and indicated that this could be the end of the reductions for the time being.
Read MoreBuilding products group, James Hardie Industries, has become a high profile Australian corporate casualty of the US housing recession.
Read MoreFoster's Group shareholders are a stoic lot.
Read MoreThe herd searching for a good growth story settled on Harvey Norman for a short while yesterday after chasing hard after JB Hi Fi the day before.
Read MoreInvestors have become besotted with growth stories, any growth story, no matter if it's in resources, industrials, retailing: you name it, if the story is great and consistent, the herd follows.
Read MoreThe National Australia Bank has repeated its warning of two interest rises, starting with one next week.
Read MoreWorld gold prices are at multi-year highs. Copper, zinc and lead are doing well, especially copper. Other precious metals are surging. Oil is strong but the list of Australian mining companies being battered by cost and operational concerns continues to grow.
Read MoreListed investment manager, Perpetual, got caught by the credit freeze, it's also been caught by the sharp surge in resource stocks since August that has left the broader market behind (with the exception of isolated stocks like JB Hi-Fi).
Read MoreJames Hardie Industries (JHX) joined a string of high-profile companies afflicted by the US housing crisis, after it said it plans to suspend production at its US plant in response to the current US housing market conditions.
Read MoreTerritory Resources (TTY) rose by as much as 24% today after the Australian resource company said it had discovered further high grade iron ore at its Frances Creek project in the Northern Territory.
Read MoreCoziron Resources (CZR), a Western Australian – based company, looks set to diversify its base metal exploration activities, after signing an agreement to acquire a 60,000 litres per day ethanol plant in Malaysia.
Read MoreBreakaway Resources (BRW) rose by as much as 17% today after the nickel and base metal resource company said ongoing drilling at a newly discovered zone at its Scotia Nickel Project, located 65 kilometres north of Kalgoorlie in Western Australia, had returned a broad intersection of nickel sulphides.
Read MoreInternational mining giant, Xstrata, is continuing to try and get its hands on a significant Australian nickel play.
Read MoreShareholders in building products group, Boral and stockfeeds producer, Ridley Corporation took away gloomy messages from yesterday's AGMs which neatly sum up some of the major negatives confronting quite a few companies, and more if you extend their messages a little wider.
Read MoreThe Australian dollar and the price of the world's key marker crude oil, West Texas Intermediate, are seemingly locked in a struggle to see who will get to the 100 figure first.
Read MoreNot the best of times to be spending weak US dollars in a strong currency economy like Australia, or for repatriating money from overseas.
Read MoreJubilee Mines (JBM) rose by as much as 42% today after Swiss mining giant Xstrata made a $3.1 billion bid for the Western Australian mining and minerals exploration company.
Read MoreShares in Otto Energy (OEL) rose by 11% today after the Australian oil and gas company announced that it had acquired an 18% interest in the Galoc Oilfield in offshore Phillippines from Goloc Production Company.
Read MoreShares in Perseverance Corporation (PSV) rose by as much as 35% today after it announced that Northgate Minerals is making a bid to acquire the Australian goldminer, valuing it at $282 million.
Read MoreYesterday, China Yunnan Copper Australia (CYU), a Queensland copper, gold and uranium explorer, ended its first day of listing on the ASX at 72 cents, almost tripling its listing price of 25 cents after closing its initial public offering (IPO) heavily oversubscribed and three weeks ahead of schedule.
Read MoreAustralian biotechnology company Eqitex (EQX) rose by as much as 67% today after it announced that it has finalised its move into the resources sector via the purchase of interests in three mineral permits in Indonesia.
Read MoreAustralian copper and gold company Oxiana (OXR) fell by 12 cents at one point today on the news that the rising price of materials and labor will lift costs by 30 percent for the company's new mine at the Prominent Hill project.
Read MoreInvestment management company Perpetual (PPT) announced at its AGM today that it expects a 10% increase in operating profit for the first six months of the financial year, below market expectations.
Read MoreThe Aussie dollar finished at 91.84 US cents in New York early Saturday, and despite what investors might be avoiding admitting to themselves that's 'ouch' territory.
Read MoreGold rose to the highest level since 1980 after crude oil surged to a record and the dollar fell to the lowest ever against the euro as US-engineered tensions with Iran bubbled over into financial markets..
Read MoreUS markets shrugged off oil above $US92 a barrel as they looked to this week's two-day Fed meeting for another rate cut.
Read More