House rates pushing Australians to the brink
As debate continues on whether the country has a housing bubble, fresh data suggests Australians are borrowing heavily to keep pace with the rapid growth in house prices.
LNG says Gladstone gas project to prosper despite glitches with partners
Natural gas producer Liquefied Natural Gas Ltd (ASX: LNG) is unfazed by the delays that plague its Fisherman’s Landing project at Gladstone, saying that the company enjoys the same amount of confidence it felt during the initial stage of the Queensland gas exploration.
Cotton growers set to earn from price hike
New South Wales and Queensland cotton farmers are set to earn big with the expected increase in cotton harvests this winter.
Gryphon Minerals raises $48.2 million for accelerated gold projects in Africa
Africa-focused gold miner Gryphon Minerals Ltd (ASX: GRY) said on Friday that it raised capital of up to $45.2 million through share placement, adding that an additional $3 million would be raised via share purchase plan for total fund of $48.2 million to be utilised for fast-tracking its gold projects in West Africa.
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Strong demand raises Mirvac Group MTN note
Real estate developer Mirvac Group (ASX: MGR) is getting fresh funding through the bond market.
Rio Tinto sets aside $242 million more for Dampier Port expansion
International mining giant Rio Tinto Ltd (ASX: RIO) said on Friday that it is set to spend an estimated $242 million to add up in the initial $96 million allocated earlier this year to expand the iron ore operational capacity of the company’s Dampier Port in the Pilbara region on Western Australia.
Australia nearing $18bn surge in refinancing
Australia is only two years away from experiencing a surge in refinancing activity, financial experts predict.
CFS Retail acquires 4 DFOs in Sydney and Melbourne
Real estate investment firm CFS Retail Property Trust (ASX: CFX) said on Friday that it has sealed a deal with Austexx Proprietary Ltd to purchase its four direct factory outlet (DFO) centres for $498 million.
Brickworks needs more land from state governments
Australia and New Zealand's manufacturer of clay and concrete products calls on the state governments to release more land for real estate development.
Businesses stay deaf over social media comments
A significantly large number of companies are ignoring negative comments posted in either company websites or social networking media sites.
BHP Billiton rolls out $US1.5 billion gas project in WA, nears resolution on Potash bid
Giant resource company BHP Billiton Ltd announced on Friday that it would commence its $US1.5 billion ($A1.57 billion) joint development of the Macedon gas field off the coast of Exmouth in Western Australia with Apache Northwest.
Poultry business opportunity in Tegel
Australian investors may find interest in the poultry business down New Zealand.
Australian Stock Market Report
US existing home sales rose from 13-year lows, up by 7.6pct in August - marginally above expectations. The increase in sales lowered the supply of home on the market from 12.5 months to 11.6 months supply. The US leading indicators index rose 0.3pct.
World Market Overview
U.S. stocks dropped Thursday, as weakness in the jobs figures and in European economic data knocked blue chips into the red for the second-straight session.
Daily Forex Commentary 24/9/2010
The Australian Dollar held onto recent gains yesterday and traded quietly throughout the Asian session, hovering between 0.9530 and 0.9574.
Lowest debt-free households share
The Melbourne Institute Household Saving and Investment Report shows the lowest share of debt free households since the start of the survey in March 2001.
Share market opens low
The Australian shares market opened lower on Friday. Share prices are expected to slightly drop following a rise in unemployment claims in the U.S. and a troubled European economy.
Bikers' Club to collect $1 million from Queensland government
The Odin's Warriors Motorcycle Club stands to collect a million dollars when it hands over its clubhouse to the state government.
Leighton acquires another $800M Chevron contract
Leighton Contractors has been awarded a contract by Chevron Australia to deliver the civil and underground works package for the Gorgon Project valued at more than $800 million, the company said in an issued statement today.
McKinsey Survey: Improving outlook of global executives revealed
The improving global economic environment is clearly shown in the renewed optimism of some 1,904 executives who are expecting to rake in higher profits in the near term, according to the latest results of the McKinsey survey released this month.
Aussie hovers around two-year highs
The Australian currency hanged onto 26-month highs as investors waited for possible quantitative easing measures by the US Federal Reserve.
Bourse finishes flat
The Australian sharemarket has closed slightly higher in a mostly quiet day as holidays in key Asian markets kept activity to a minimum, and after receiving mixed overseas leads.
Pumpkin Patch records 76 percent profit on expense cuts
Children's wear retailer and exporter Pumpkin Patch Ltd said full-year profits rose 76 percent as the company cut expenditures to compensate for falling sales.
Global M&As seen improving
The wave of mergers and acquisitions (M&A) is beginning to improve as the financial reforms have begun to take shape in the last six months.
Murchison Metals upgrades Jack Hills mineral deposits in Western Australia
Minerals explorer Murchison Metals Ltd (ASX: MMX) said on Thursday that it is upgrading the mineral resource estimate on its Jack Hills magnetite and hematite iron ore project in Western Australia.
Court wants names revealed of other women involved in David Jones sex case
The Federal Court handling the celebrated David Jones sexual harassment case wants Kristy Fraser-Kirk to name the names of women she alleged were willing to join and prosecute the lawsuit that is turning out to be biggest sex-related legal case in Australia
RBA: No housing bubble
Central bank economists have denied claims that Australia's housing market is in a bubble, although investors are concerned over prices posting a 19 per cent rise this year and more than 160 per cent increase in the past decade.
Virgin Money expands insurance coverage via alliance with Tower Australia
Virgin Money is adding up life insurance to its current portfolio of motor vehicle insurance as the company revealed on Thursday that it is set to forge an alliance with Tower Australia Group Ltd by early 2011.
CommBank expects rate rise in October
Commonwealth Bank of Australia (ASX: CBA), the nation's biggest mortgage lender, has joined an increasing number of banks in revising forecasts for an interest rate hike to October.
Beadell Resources divests non-core assets to fund its Tucano gold project in Brazil
Gold mining firm Beadell Resources Ltd (ASX: BDR) gears up further in divesting the company’s non-core assets as it announced on Thursday the $31.25 million sale of its Brazilian Amapa project iron ore royalty to Anglo Pacific Group Plc of London.
NZ's economy weakens in Q2 data shows
New Zealand's domestic economic growth has been hampered by the low agricultural production in the second quarter, which could put more pressure on the central bank to keep borrowing rates unchanged.
Aussie dollar flat at noon
The Australian currency was flat at Thursday noon as investors await news on the possible resumption of quantitative easing measures by the US Federal Reserve.
Bourse lower at midday
The Australian stock market was slightly weaker at Thursday noon, following a negative lead from the US markets overnight.
CuDeco gets fresh capital of $20 million from a global investor
Copper mining firm CuDeco Ltd (ASX: CDU) said on Thursday that a major institutional investor infused placement investment of up to $20 million into the company, allowing the institution to get a 6.84 percent interest in the emerging resource industry player.
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