Woolworths won't concede in price war with supermarket rival Coles
Michael Luscombe, chief executive of the retail Goliath Woolworths (ASX: WOW) declared he will not be the first to blink on milk prices.
Thailand electronics, electrical appliances exports slower
Thailand electronics and electrical appliance makers see a big drop in exports growth due to a shortage of components from Japanese suppliers
Is The WOW Factor Back?
- Woolworths' Q3 update pleased in that it confirmed an uptrend in the making- Some stockbrokers suggest this could be the catalyst for the share price- Macquarie remains skeptical By Greg PeelConsumer staple leader Woolworths ((WOW)) reported sales growth of 5.
Few Friends Left For PaperlinX
- PaperlinX removed from S&P/ASX200 index- Institutional investors less likely to look at the stock- Morningstar retains Avoid rating, expects tough conditions to continueBy Chris ShawFollowing the March quarterly re-balancing of the S&P/ASX200 index, PaperlinX ((PPX)) was removed from the index as ...
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Australian Stock Market Report - Morning 04/19/2011
Ratings agency Standard & Poor´s downgraded the long term US credit outlook to negative. S&P cited a risk that policy makers may not reach agreement on a plan to reduce the US federal budget deficit. White House spokesman Jay Carney said that a failure by Congress to lift the US debt ceiling would immediately arrest the US economic recovery.
Citigroup reports $3B net income for Q1
New York – Citigroup Inc. today reported first quarter 2011 net income of $3 billion, or $0.10 per diluted share. Net income declined $1.4 billion from the first quarter 2010, but more than doubled sequentially.
Melbourne land sales plummet to lowest in decade
Setting pressure on new home buyers, residential land sales in Melbourne plummeted to their lowest while the price of blocks increased by 13 plus percent in 10 years.
New price increase for petrol products
The Australian Institute of Petroleum reported a two-and-a-half-year high in the local price of unleaded petrol with motorists paying an average of $202 a month for full tank.
S&P lifts Rio Tinto credit rating to A-
International credit rating agency Standard & Poor’s has raised its long-term corporate credit rating on Rio Tinto (ASX: RIO) to A- from BBB+. At the same time, it affirmed the A-2 short-term corporate credit rating with a now stable outlook.
Australia's Finance Minister assures budget surplus in 2012-2013
Despite the present fiscal deficit which is anticipated to be worse than the $41.5 billion forecast, Finance Minister Penny Wong assures a budget surplus in 2012 to 2013.
Updates: More Troubles For Leighton?
Leighton Holdings may have answered a ticklish question from the ASX yesterday about why it didn't update the market about its profit drop and writedowns faster than it did, but its problems in the troubled Middle Eastern state of Dubai seem to be deeper than thought last week.
Insurance: Premium Rises Ahead In Australia
The recent spate of natural disasters here and in New Zealand will see home and car insurance premiums rise "materially" in 2011, according to ratings agency Standard & Poor's.
Google's rising operational costs to erode earnings
Google Inc has to deal with the increasing salaries of employees and staff that could further erode strong financials if it does not make the most of advertising revenues from video and display advertising, analysts said.
CBD Energy, Chinese partner to finalise first wind project in NSW
Renewable energy company CBD Energy Ltd's (ASX: CBD) first joint venture project with its new Chinese partners will finalise its very first 100 megawatt wind farm in Australia this week.
BHP seeks environment approval for Pilbara project area expansion
BHP Billiton is seeking government approval for a planned expansion of its Port Hedland operations in the Pilbara Region that would would double its current iron ore output in the medium term.
Virgin Blue provides ‘seamless’ entry to Sydney Airport
Virgin Blue (ASX: VBA) today launched its premium kerbside entrance and premium kerbside valet service at The Lounge, Sydney domestic terminal.
Japan sends robots in, confident TEPCO presents strategy to stabilize reactors
While the first radiation measurements taken inside two reactor buildings at Japan's crisis-stricken Fukushima Dai-ichi nuclear plant show a harsh environment, it is not one that will be impossible for humans to work in.
Asia could account 50% of global GDP by 2050 – ADB
An ADB report Asia-2050 said Asia could account for over 50 per cent of the world GDP by 2050, up from 35 per cent at present.
NAB pursues Native Title opportunities
National Australia Bank (ASX:NAB) says it is renewing its commitment to sustainable economic and social development for indigenous Australians.
Can BOQ Bounce Back To A Sunshine State?
By Greg PeelThe heavens began opening over the Sunshine State in late 2010 and by early 2011 the state was awash.
Philippine migrant workers’ remittances sustain growth
Workers’ remittances in the first two months of 2011 reached $2.98 billion, up by nearly 7 percent from the year-ago, raising optimism that total inflows for full year will reach $20 billion.
REPEAT Rudi's View: A Change In Trend
(This story was originally published on 13th April, 2011. It has been repeated to make it available to non-paying subscribers at FNArena and to readers elsewhere).
Daily Forex Forecast 04/18/2011
The Australian dollar opens this morning buying 1.0560 US Cents after reaching a rate of 1.0572 late Friday evening.
Australian Stock Market Report - Morning 04/18/2011
US consumer sentiment rose from 67.5 to 69.6 in April, ahead of forecasts centred on 66.5.
U.S. pledges support to Japan; Nuke plant fix requires 9 months
U.S. Secretary of State Hillary Clinton urged Japan on Sunday to remain active on the world stage and pledged support for Washington's key ally in East Asia as the operator of a stricken nuclear plant finally set out a timeline to shut it down.
Philippine share prices steady on higher turnover
Philippine share prices sustain rise for the third consecutive day, but peso slightly softer
Boral to acquire Wagners’ construction materials assets in Queensland
Boral Ltd (ASX: BLD) is set to strengthen its core Australian business following an agreement to acquire certain construction materials assets and operations of the Wagners Group for $173 million.
Japan electronics leader expands Malaysia production
Launching its first production plant, printed wiring board maker Ibiden announces a second factory that will make high-end PWBs for smartphones
Taylor Swift buys her parents a $1.4M house in Nashville
Grammy award-winning country singer, Taylor Swift has recently been reported purchasing a $1.4-million worth of luxurious pad for her parents.
Millions of bank customers suffer from yet another NAB computer meltdown
Potentially millions of customers are still waiting for their pay following the latest in a series of glitches at National Australia Bank (ASX: NAB) which have disrupted payment processing.
UPDATE: V Australia passengers hear bang with engine surge
V Australia passengers were stranded in Los Angeles overnight after their original Boeing 777 aircraft encountered engine problems and aborted its take-off.
Transforming PepinNini Offers New Potential
- PepinNini previously focused on uranium, but the company is now expanding into iron ore- Sinosteel JV provides funds for exploration- Intersuisse rates PepinNini a Speculative BuyBy Chris ShawSince listing in 2005 PepinNini Minerals ((PNN)) has been regarded by the market as a uranium explorer, an...
Watch Out Silver
FNArena has added another video to its Investors Education section on the website. In this broadcast ATW's Jerry Simmons analyses silver and the euro and comes to remarkably similar (potential) scenarios.
Australian Dollar Outlook 4/15/2011
The Australian dollar has opened trading this morning around USD1.0540 after a choppy session, with a nice bounce from its overnight low of US $1.0460.
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