Optimism rose as New Zealand shares climbed, and hope springs that global economic growth is possible. Exporting manufacturers Fisher & Paykel Appliances and Methven topped the list of gainers even as the kiwi dollar rose as well, consistent to a five-month high against the greenback.
Arlene Paredes
Feb 03, 2012
January marked the significant growth of Australia's service industries, pushing up by 2.9 to 51.9 points in the month, according to the new survey jointly conducted by the Australian Industry Group (AIG) and Commonwealth Bank of Australia (CBA).
Erik Pineda
Feb 03, 2012
After encountering turbulence in 2011 due to a prolonged labor dispute with three labor unions, flag carrier Qantas Airways is set to soar in 2012.
Vittorio Hernandez
Feb 03, 2012
The fruit and vegetable price war between Australian supermarket giants Coles and Woolworths may be a boon to consumers, but a bane to farmers.
Vittorio Hernandez
Feb 03, 2012
Australia's trade surplus further expanded in December, adding up $366 million in the month to reach $1.709 billion, creating a wide margin that according to the Australian Bureau of Statistics (ABS) was mostly delivered by commodity shipments.
Erik Pineda
Feb 03, 2012
Media attention to Australia's richest woman, Gina Rinehart, has shifted back to her family feud from her recent foray into Fairfax Media.
Vittorio Hernandez
Feb 03, 2012
By Peter Switzer, Switzer Super ReportLast year the economy grew at a 2.6% pace, well below the 3%-plus rate expected by Treasury and the Reserve Bank.
Admin System
Feb 03, 2012
Who would have thought the US could get to a position where it could even think of getting investors to pay the government to lend it money.
Jamelle Agbuis
Feb 03, 2012
Its 25 years since the turnaround at Woolworths was kicked off by retailing legend Paul Simons who decided to use the phrase: 'The fresh food people" to tag the struggling retailer to make it different from the then dominant Coles Myer.It worked, kick starting a comeback from Woolies that is part of Australian corporate lore as Simons' successors, especially Roger Corbett revamped not only the retailer, but the entire supermarkets business by chasing gains from suppliers to stores.
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Jamelle Agbuis
Feb 03, 2012
Trade data out yesterday for December, the second quarter and the first six months of the 2011-12 financial year put the lie to suggestions that our minerals boom has been derailed or is sagging as a result of the drop in iron ore and coal prices late last year.
Jamelle Agbuis
Feb 03, 2012
More Australian workers would likely lose their jobs in the coming weeks amid fears of another round of global financial crisis. A day after major Australian firms such as BHP Billiton, Holden, Manildra and Reckitt Benckiser announced layoffs, more companies made similar announcements.
Vittorio Hernandez
Feb 03, 2012
In part two of our feature on Goldman Sachs, we look at Goldman's networks of power in Europe and consider the ways in which Goldman is using the same dangerous financial products, which caused the 2007 crisis, to bet against Europe's floundering economies whilst governing, or advising those countries. Finally, we ask what can be done to reduce Goldman's power.
Lawrence Villamar
Feb 03, 2012
The Australian stock market is off to a slow start on Friday with commodity-related stocks led by Lynas Corp (ASX: LYC), Aquarius Platinum Ltd (ASX: AQP), Atlas Iron Ltd (ASX:AGO) hitting some gains as of 10:00 AM (AEST).
Christine Gaylican
Feb 03, 2012
By Greg PeelThe Dow fell 9 points or 0.1% while the S&P rose 0.1% to 1325 and the Nasdaq rose 0.4%.What a rollercoaster ride.
Admin System
Feb 03, 2012
Global productivity generally spiked in the first month of 2011 amidst the lingering financial woes battering much of Euro economies and the slowdown predicted by economists to hound China this year.
Erik Pineda
Feb 02, 2012
The battle between retail giants Coles and Woolworths went up a higher level beyond grocery aisles into company books. On Thursday, Coles reported a 6.7 per cent hike in its December quarter sales which hit $9.4 billion.
Vittorio Hernandez
Feb 02, 2012
Australian authorities have ordered on Wednesday the destruction of some 24,000 ducks in Victoria to contain the spread of the avian flu detected in the southern region of the country.
Erik Pineda
Feb 02, 2012
The bank fee class action lawsuit filed by Australians has expanded with the complainants now questioning $216 million exception fees collected by the lenders.
Vittorio Hernandez
Feb 02, 2012
The new generation of Nokia smartphones have been envisioned to tread more on the path of aesthetics.
Erik Pineda
Feb 02, 2012
The worsening unemployment forecast feared in Australia as a result of another round of global crisis appears to be unfolding as early as the second month of 2012.
Vittorio Hernandez
Feb 02, 2012
Holden announced on Thursday the immediate implementation of new measures that it said will allow the carmaker to sustain its current production capability while bringing down costs at the same time.
Erik Pineda
Feb 02, 2012
The Federal Government is urged by the Actuaries Institute in its pre-budget submission to address two national priorities in the coming Budget: removing barriers to allow ageing Australia to better prepare for retirement with realistic annuity options; and creating a temporary national insurance pool for high flood-risk properties.
Christine Gaylican
Feb 02, 2012
By Ejaz Ghani, Economic Advisor at the World BankMention China and India to economists and their first thought will be rapid growth.
Admin System
Feb 02, 2012
Apple's iPhone could extend its holiday cheer as recent figures show that it was the highest selling smartphone in the market for the last holiday season.
Mary Elaine Ramos
Feb 02, 2012
Consumer electronics company Foxconn wished to double the size of its manpower in its branch in Zhengzhou, China. Is the hiring spree due to the launching of the iPhone 5?
Kristin Dian Mariano
Feb 02, 2012
Electronics retailer Dick Smith could wind up significantly cutting underperforming sites among 66 New Zealand stores in Australia and New Zealand, according to an analyst.
Arlene Paredes
Feb 02, 2012
For some, it’s like winning the lottery. Workers at Melbourne-based Grenda bus company were surprised to receive bonuses reaching up to $30,000 after the company owners sold off its transit operations and allocated $15 million to its loyal staff.
Arlene Paredes
Feb 02, 2012
By Greg PeelThe Dow closed up 83 points or 0.7% while the S&P gained 0.9% to 1324 and the Nasdaq added 1.
Admin System
Feb 02, 2012
FROM MORRISON SECURITIES PTY. LTDU.S. stocks rose broadly, moving to within striking distance of a multi-year high, as investors were bolstered by solid manufacturing reports around the world.
Christine Gaylican
Feb 02, 2012
We've all known that 2011 wasn't a good year for housing or house prices, and this week we have had that confirmed in spades.
Jamelle Agbuis
Feb 02, 2012
