BUSINESS

Tabcorp Proving A Good Bet

- Tabcorp delivers strong March quarter revenue result- Star City a good performer- Brokers broadly see value leading into de-mergerBy Chris ShawTabcorp ((TAH)) delivered revenue for the third quarter of $1,061 million, the result a 5.

Australia: Consumer confidence in rural parts high

Consumer confidence in Australia is far higher in the rural areas than those in the urban parts these past two to three months. This has been revealed in the the Westpac-Melbourne Institute consumer sentiment index published today.

Harsh Times - A New Normal

- Soaring food prices have created instability in countries across Northern Africa and the Middle East- The odds seem in favour of further rises for food prices- Current estimates anticipate the world's population will grow by 4.

The Overnight Report: Steady But Uncertain

By Greg PeelThe Dow closed up 7 points while the S&P was flat at 1314 and the Nasdaq rose 0.6%.The Dow opened up 72 points higher last night, suggesting the oil-related pullback experienced this week is now being discounted and focus can re-settle on earnings reports.
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Tsunami ravage Sendai airport opens

For the first time in a little over a month, the first commercial aircraft landed in the airport of Sendai, the largest city in the northeast of Japan devastated by a powerful 10-meter high tsunami.

How will Asian markets perform in the coming days?

Asian regional markets are mixed in the last hours of trading in Australia, Singapore, and Japan as investors kept a "wait and see" attitude and bearish sentiments spilled from European and U.S. markets.

Was Wednesday's emergency landing actually a Qantas flight?

The Australian and International Pilots Association (AIPA) is seeking clarification from Qantas management on behalf of the travelling public over whether the QF50, which made an emergency landing at Sydney airport today, was actually a Qantas flight or not.

Higher Oil Prices A Negative For Growth, Earnings

- Higher oil prices will impact on global growth this year- Current prices already offer some evidence of demand destruction- Goldman Sachs identifies market sectors likely to be impacted in AustraliaBy Chris ShawGeopolitical tensions, loose monetary policy and an ongoing US economic recovery combin...

Japan machine tool orders up by a slower rate in March

Japanese machine tool orders increased for the 16th consecutive month in March to 113.36 billion yen, although the 49.5 percent growth from the year-ago level represented a slowdown from previous months' expansion pace

Australia's CBD Energy forms joint venture with Chinese firms

Australian renewable energy company, CBD Energy (ASX: CBD), has disclosed to the ASX it would finalise its joint venture with two of China's largest renewable energy companies and pursue A$6-billion worth of renewable energy projects in the coming years.

Sentiment Improving For Out Of Favour CSV

- As 2010 brought many disappointments, shares in CSG Ltd weakened more than 30%- Recently, stockbrokers seem to be warming towards the stock again- BA-ML has upgraded to BuyBy Chris ShawLast year marked a significant turnaround in the fortunes of information and communications technology group CSG ...

Good News About The US Consumer?

- Investors have this month become more optimistic on the back of improving data regarding US consumers- Paying attention to details, however, suggests some of these data are not as good as they seem- Proprietary surveys by the Consumer Metrics Institute shows US consumers are spending less instead ...

The Overnight Report: Wall Street Follows The Fallout

By Greg PeelThe Dow fell 117 points or 1.0% while the S&P fell 0.8% to 1314 and the Nasdaq lost 1.0%.Australia woke yesterday to an IMF report suggesting firstly that the string of natural disasters earlier in the year will impact on local economic growth and, more broadly, that there was a risk of ...

Australian Dollar Outlook 4/11/2011

After a very strong run in recent weeks, the AUD has taken a breather overnight, with a drop in commodity prices and a stronger USD pulling the AUD back below the USD1.0500 level.

Foster's shareholders complain on costly split fees

The Australian dollar’s upsurge has affected Foster’s beer business, subjecting the company to a shareholders’ vote by month end that will divide the company into halves. SABMIller shows interest on the great divide.

Workers in Shell Clyde refinery brace for shutdown

Workers at the Royal Dutch Shell BV's fuel refinery at Clyde and Gore Bay Terminal in Greenwich, Sydney, NSW are in danger of losing their jobs as the company would likely convert its facility to a fuel import terminal.

Shell 'not in a hurry' on Woodside deal

Shell Australia Chief Ann Pickard declared yesterday Shell is in no rush to decide on the trade of its 24 per cent share in Woodside Petroleum to BHP Billiton.

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