The Australian share market ended the week higher on Friday, led by miners and the banking sector.
The local share market managed to notch up a win for the final session of the trading week, on the back of a positive offshore lead. The All Ordinaries Index (XAO) gained 23.2pts or 0.5pct to 4719.6 while the S&P/ASX 200 Index (XJO) added 25.3pts or 0.6pct to 4648.2
Toyota Australia decided on a recall after all, as the carmaker revealed on late Friday that it was going along with its parent company’s announcement in Japan of up to 1.5 million vehicle recalls across the globe.
Another player emerged in the ongoing Channel Ten share market swing drama as a note lodged to the Australian Securities Exchange on Friday showed that Birketu Pty Ltd moved to increased its stake on Ten Network Holdings Ltd (ASX: TEN)
New figures released by the Australian Bureau of Statistics (ABS) on Friday pieced together the roller-coaster ride experienced by Australian businesses during the global financial crisis that sunk much of its pangs on the local economy from late 2008 to the best part of 2009.
Farmer-Shareholders of food producer SunRice are seriously considering the $600-million offer of Spanish firm Ebro Foods.
BHP Billiton Ltd chairman Jac Nasser is upbeat that, despite the heightening currency and global trade disputes, emerging markets from across the world have shown significant and exciting growth prospect.
Amazon Web Services LLC (AWS) announced that developers and businesses will be able to take advantage of a new free usage tier for a full year.
Chi-X Global Inc. is preparing a unique trading platform that could provide the fast and efficient platform beneficial to Australian and foreign investors keen on participating in the market action worldwide.
More stringent auditing requirements for self-managed super funds (SMSFs) foreshadowed in the Cooper Review will needlessly increase costs, the national accounting firm Chan & Naylor argued on Friday.
Currency and equity markets are on the up trend at today's trading as markets speculate that the G-20 summit scheduled this weekend in South Korea will resolve the currency devaluation issue.
The chain of recall issues that Toyota has been facing this year appears yet to be broken as the world’s number one carmaker announced this week that up to 1.5 million car models need to be rechecked for possible brake system failure.
The AUD rallied yesterday before retreating again overnight to below USD 0.9800.
U.S. stocks bounced higher in a day of choppy trading Thursday as encouraging corporate earnings overshadowed jitters over recent currency fluctuations.
The US Philadelphia Fed index rose from -0.7 to 1 in September. Despite still being weak sub indices including new orders, shipments and employment all improved.
Growth and inflation figures released from China supported their move to increase interest rates earlier this week. Chinese GDP expanded 9.6% for the previous quarter, exceeding expectations, while inflation accelerated at its fastest pace in 23mths at a rate of 3.6%.
Nokia revealed to its employees that it plans to accelerate its transformation and increase effectiveness. Nokia's plans will directly result to the laying of an estimated 1, 800 employees globally.
The Australian Competition and Consumer Commission will look into the recent purchase of billionaire Mr. James Packer's acquisition of an 18% stake in Ten Network Holdings Ltd. (ASX: TEN.AU).
A decline in new business registrations sent the number of actively trading businesses in Australia 1 per cent lower in 2008/09, according to data released today by the Australian Bureau of Statistics (ABS).
comScore, Inc. (NASDAQ: SCOR) announced that it will offer free participation in Media Metrix 360 to online publishers in Hong Kong and Taiwan.
Foreign and local pension funds are eyeing Australian infrastructure projects as safe investments that could create good rates of return, the Royal Bank of Scotland Group Plc said.
Iron ore miner Fortescue Metals Group Ltd (ASX: FMG) scored on Thursday a media report suggesting that the company’s declared Solomon Project cost overshot by almost $US2 billion, arguing that the news article was based on an incomplete and confidential document.
The Australian share market closed flat on Thursday as stronger resource stocks offset weakness in the financials sector.
Australian shares closed mixed today, as losses from the banks offset strong momentum seen in early trade off the back of a positive offshore lead.
Leighton Holdings Ltd (ASX: LEI) said the competition watchdog has decided not to grant the relief sought by the company's German parent Hochtief.
The drought that crept on much of the state for a ten-year run has been officially declared as over yet majority of New South Wales growers are still wary about the prospect of farming in the region.
Australia's biggest producer of gold Newcrest Mining Ltd. (ASX: NCM) has reported that its gold production in the first quarter went up by 79 percent to 674,219 ounces, the company said in a disclosure.
Telecommunication company Telstra Corporation Ltd (ASX: TLS) is set to end its radio access network sharing deal with Vodafone Hutchison Australia in 2012 and hopes that the contract termination would pave the way for better long-term profits.
Channel Ten owner Ten Network Holdings Ltd (ASX: TEN) appeared fully recovered from the net loss it suffered in the previous financial year as the broadcast company reported of a full year net profit due to spikes seen on its revenue.
Australian consumers are looking to reduce their lifestyles through simpler living amid pressures of heavy debts, new research shows.
