Home sales data flag need for steady cash rate
Weak new home sales signal a need for steady interest rates, according to Australia's largest residential building organisation.
Sigma absorbs $219 million half-year loss yet sales recovery shores up its outlook
Drug manufacturer Sigma Pharmaceuticals Ltd (ASX: SIP) said on Wednesday that it has absorbed a $220 million non-cash impairment that led to a whopping half year net decline of 780 percent to $218.527 million as compared to the $32.217 million of profit that the company achieved in the previous half year.
Virgin Blue's systems back on track
Australia's second biggest airline Virgin Blue has announced that its reservation and check-in systems are now back in business after another technical glitch occurred early this morning.
Queensland sugarcane farmers to earn
Queensland is set to earn from increasing demand in sugar. The growing demand is setting higher prices for the commodity in the world market.
More news
Australian Stock Market Report
The US Richmond Fed manufacturing index fell from 11 to -2 in August. The sub indices including shipments, service revenues, and retail sales revenues were also in negative territory.
World Market Overview
U.S. stocks climbed Tuesday despite drops in consumer confidence and central Atlantic manufacturing conditions, as investors saw the economic weakness as a sign the Federal Reserve may be more likely to introduce more stimulus.
Daily Forex Commentary 29/9/2010
With little to go on the Australian Dollar put in another quiet performance during Asia yesterday, oscillating primarily between 0.9585 and 0.9610.
Rising Asian middle class to affect food prices
Food sources and the growing middle class population of China will be a pressing global concern in the future.
Sharemarket opens higher
The Australian sharemarket opens higher today.
Rates underpin local dollar
The Australian currency ran into profit-taking on Tuesday but hovered within striking distance of levels last seen in the 1980s as excitement over a possible domestic rate rise next week kept it well supported.
Market pares losses but still ends lower
The Australian sharemarket still ended lower on Tuesday after clawing back most of its early losses.
XStrata's parent firm Glencore taps bond market for funds
Glencore International AG, the world's biggest commodities trader, and part owner of Australian mining firm XStrata Plc has contracted HSBC Holdings Plc, JPMorgan Chase & Co. and Standard Chartered Plc as its lead underwriters bond offering in succeeding months.
World economy now driven by emerging nations, not US
The emerging nations are now in the driver's seat of the world economy, according to the chief executive of a major US investment firm at the Forbes CEO conference in Sydney on Tuesday.
Nufarm confident of profits amidst low sales
Australian farm chemicals manufacturer Nufarm (NUF.AX) is still confident it can record higher profits after its sales performance hit new lows in its key subsidiaries.
Present global crisis is normal, says exec
Fisher Investments chief executive Ken Fisher described the present world economic conditions as similar to previous downturns.
Commodities futures market still strong, viable
The commodities futures market has shown a strong, steady performance despite the existing global market volatilities, which analysts said were still part of the crisis aftershocks.
Swan discards Access' budget deficit forecast
Treasurer Wayne Swan has rejected an Access Economics prediction that the budget will slip back into deficit after a surplus in 2012/13.
ARTC re-sleepering projects blamed for bumpy ride
Mud holes along the Sydney – Melbourne rail track are seen as an effect of the recent re-sleeping project of the government-owned Australian Rail Track Corporation (ARTC).
ASX confirms merger discussions but denies imminent deal
The Australian Securities Exchange (ASX) admitted on Tuesday that it was entertaining the possibility of merger with smaller exchange groups and talks were indeed being conducted leading to that eventuality.
Aussie hovers near 2-yr high
The Australian currency continued to trade near a two-year high on Tuesday noon as a hawkish Australian interest rate outlook offset profit-taking.
Shares still lower at midday
The Australian bourse remained in the negative territory at Tuesday noon after receiving mixed leads from offshore trading overnight.
CEOs optimistic about Australian economy
Chief executives remain positive about the prospects for the Australian economy, despite an inconclusive general election leaving the country in political limbo for days, according to fresh data released today.
Queensland, where Australia shines
Tourism Queensland is setting aside the 'Where Else but Queensland' theme for a new one.
WorkSafe orders Esso to check pipelines after series of leaks in Victoria
WorkSafe Victoria said on Tuesday that it has issued directives for Esso Australia to check on the alleged corrosion problems at its Longford oil and gas facilities following the occurrence of the series of oil and gas leaks in August this year and November last year.
Virgin Galactic: Branson makes space travel his next frontier
His entrepreneurial spirit will not be put down easily, not by a technical glitch or by any other trouble at hand. Billionaire Richard Branson launched his latest space tourism project amidst a flight technical glitch that grounded his airline company Virgin Blue.
David Jones upbeat on growth through 2016, affirms 2011 earnings guidance
High-end retailer David Jones Ltd (ASX: DJS) said on Tuesday that it is right on track to achieve its 2010/11 profit guidance though it admitted that in order to reach the higher range of its earnings forecast, the company must experience a full swing recovery for the whole of the fiscal year.
Fresh food produce prices to rise
The next decade will be difficult for Australia's poor because the prices of fruits and vegetables are expected to rise.
Virgin Blue's Branson apologises for airline glitch, delays
After almost two days of a computer system glitch, Virgin Blue CEO Richard Branson had to personally apologise to customers/passengers for the chaotic delays.
All natural label ripped off from ice cream
The Center for Science in the Public Interest (CSPI) and ice cream company Ben and Jerry settled for dropping the phrase 'all natural' from all product labels.
Australian Dollar Outlook 28/9/2010
With a lack of economic releases during the offshore session, the markets were fairly subdued.
Daily Forex Commentary 28/9/2010
In an otherwise quiet session yesterday the Australian dollar managed to once again touch fresh 26-month highs.
Australian Stock Market Report
The Chicago Fed activity index fell from -0.11 to -0.53 in August. The sub indices of employment, production and income eased in the month. Similarly the Dallas Fed manufacturing index of general business activity fell from -13.5 to -17.5 in September.
World Market Overview
U.S. stocks lost steam in the final stretch to finish lower as Wall Street paused from a four week winning stretch even as corporate America engaged in another round of deal making.
NAB takes lead in credit card overhaul
The National Australia Bank (ASX: NAB) took the first step in preparing for the strict government rulings on credit card use by cutting a range of credit card fees.
Pages
- Promoted in Business
- 1
- 2
- 3
- 4
- 5
