Caltex Australia Ltd (ASX:CTX), Australia’s only listed oil refiner, today announced an after tax profit of $318 million on a replacement cost of sales operating profit (RCOP) basis for the 2010 full year, excluding the impact of significant items of approximately $16 million after tax.
Australia's second biggest oil and gas producer Woodside Petroleum Ltd, has reported a 7 percent increase in profits to $1.58 billion in 2010 attributing it to high prices and record output at its North West Shelf natural gas project.
Australian businesses and households are urged to prepare for escalating electricity and gas prices beginning next year as the country struggles for environmental concerns.
The Australian Dollar has opened firmer this morning trading at 1.0130 following a positive Friday night in equity markets.
- Consumer Metrics' Rick Davies suspects high income earners in the US are distorting consumer survey data- Consumer Metrics own surveys are showing continued weakness in overall spending- Plus some additional discussion material on Bastiat's famous Broken Window concept Consumer Metrics Institute News: February 16, 2011 - Our Current Outlook and Bastiat's Broken WindowLakewood, ColoradoOur measur...
- Consumer Metrics' Rick Davies suspects high income earners in the US are distorting consumer survey data- Consumer Metrics own surveys are showing continued weakness in overall spending- Plus some additional discussion material on Bastiat's famous Broken Window concept Consumer Metrics Institute News: February 16, 2011 - Our Current Outlook and Bastiat's Broken WindowLakewood, ColoradoOur measur...
- Sumatra Copper and Gold exploring for gold and silver in Indonesia - Tembang project more advanced than previously thought - Share price implies significant upside to valuation, says DJ CarmichaelBy Chris ShawWhen a conservative valuation for a company is about four times above the current share price the stock appears worthy of greater attention, which is what DJ Carmichael has done in initiati...
- Sumatra Copper and Gold exploring for gold and silver in Indonesia - Tembang project more advanced than previously thought - Share price implies significant upside to valuation, says DJ CarmichaelBy Chris ShawWhen a conservative valuation for a company is about four times above the current share price the stock appears worthy of greater attention, which is what DJ Carmichael has done in initiati...
Another US- based market operator BATS Global Markets has entered a definitive agreement to acquire another market trader Chi-X Europe to create the largest pan-European trading centre in terms of market share and notional value traded.
Passengers of Virgin Blue Airlines were distraught yesterday as about 150 flights were significantly delayed in key cities of Sydney, Melbourne, and Brisbane, as a power outage caused its data centre to breakdown.
TELSTRA has announced it will shift its focus on online marketing and plans to open a new bath of 100 retail stores adding to the existing 300 allover the country.
Top global miner BHP Billiton is still keen on new mergers and acquisitions in the near term as changes tend to unwind in the world mining industry.
The Aussie opens higher today at 1.0120 on the back of strong commodities and its yield advantage over the greenback.
U.S. stocks climbed to fresh multiyear highs Friday, extending their winning streak to a third straight week, as the market's upward momentum helped outweigh another round of tightening in China and continued unrest in the Middle East.
The People´s Bank of China has tightened monetary policy again, lifting bank reserve requirements by 50 basis points to a record 19.5 per cent.
U.S. stocks climbed to fresh multiyear highs Friday, extending their winning streak to a third straight week, as the market's upward momentum helped outweigh another round of tightening in China and continued unrest in the Middle East.
- Automotive Holdings posted solid interim result - Forecasts and price targets lifted - Acquisitions and expansions offer further upside potentialBy Chris ShawFor motor vehicle dealer Automotive Holdings Group ((AHE)), a 3% increase in interim profit to $29.6 million proved enough to beat market expectations. As UBS notes, it came in the face of weak consumer markets, while RBS Australia points o...
Businesses have continued to reap the benefits of an improvement in consumer spending, according to the latest Commonwealth Bank Business Sales Indicator (BSI) released today.
Milk price facts are not in line with claims of Wesfarmers-owned (ASX: WES) Coles, according to dairy farmers in Australia.
The Commonwealth Bank of Australia (CBA) has joined in the fray of the escalating bank war in the country as it announced on Friday that customers switching from the National Bank of Australia (NAB) to them are poised to benefit from cash incentives and discounts.
Fortescue Metals Group Ltd (ASX: FMG) has been cleared on 18 charges brought against the company and its subsidiary company, The Pilbara Infrastructure (TPI) by the WorkSafe WA.
Popular internet auction site eBay said on Friday that as more Australians turn on online shopping, the country’s web-based retailers are experiencing growth while delivering services required by consumers who have little time for traditional purchases.
With its prepaid credit recharge system experiencing a downtime much of the whole day on Thursday, Vodafone was forced to resort on providing free calls and text services to its prepaid customers yesterday.
Sony has brought its unlimited music streaming service in Australia and New Zealand, launching on Friday its Music Unlimited that opens the door for accessing more than six million songs from its wide-ranging catalogue.
The Australian Parliament is implored to veer away from its "populist approach on economic and other business policies especially on taxation that have been discouraging to both local businesses and foreign investors alike.
RBA Assistant Governor Philip Lowe's hawkish remarks enabled the Australian Dollar to maintain the previous day's gains. Mr Lowe said global commodity prices were likely to remain elevated and global inflation 'to be quite persistent'.
Energy and mining projects of Australian companies, including that of the Rio Tinto Group Group and Woodside Petroleum Ltd and Fortescue Mining, are threatened by two cyclones headed north of the country, according to the Bureau of Meteorology.
U.S. stocks meandered into positive territory Thursday as a white hot reading from mid-Atlantic manufacturers outweighed higher than expected jobless claims and a rise in U.S. consumer prices.
FNArena has added another video to its Investors Education section on the website.ATW's Jerry Simmons explains the principle of a "bracket trade". He believes AUD/USD, EUR/USD and crude oil future are at present all examples of a "bracket trade". Total duration for this video is 45.30 mins.SummaryAs often happens in closely correlated markets, the three markets EURUSD, AUDUSD and Crude Oil are all...
US consumer prices rose by a sizeable 0.4pct in January - above consensus. Over the year consumer prices were up 1.6 per cent.
