Gold Coast becomes self-storage shed
Queensland's Gold Coast is attracting international investors in the self-storage industry because of its reputation as Australia's fastest-growing city.
Australian Stock Market Report
Australian stocks are marginally lower at lunchtime in the East, following a negative offshore lead and lack of market moving economic data. The All Ordinaries Index (XAO) is lower by 7.2pts or 0.2pct to 4667.5.
World Market Overview
U.S. stocks slipped Wednesday, with Microsoft, Bank of America and J.P. Morgan Chase leading the decline as investors worried about the Federal Reserve's Tuesday suggestion that the economy may need additional stimulative measures. The Dow Jones Industrial Average dropped 21.72, or 0.20%, to 10739.31, breaking a five session winning streak and marking its biggest one day drop since Sept. 7.
Daily Forex Commentary 23/9/2010
The AUD traded solidly throughout Asia yesterday consolidating stoically above 0.9550 for most of the day.
More news
Paperlinx execs pay under scrutiny
Investors and analysts have opened fire on the remuneration structure of Paperlinx.
Australia sees higher commodity exports
Australia has raised its commodity exports target this fiscal year as larger demand for coal, iron ore, and wool are now at its record high assuring higher prices for domestic exporters.
Aussie regulator approves Virgin Blue-Etihad collaboration
Virgin Blue Holdings Ltd (ASX: VBA) got the nod this time following the series of setbacks on its proposed alliances with Delta Air Lines in US and Air New Zealand in trans-Tasman routes as the Australian Competition and Consumer Commission (ACCC) gave on Thursday its green light for the carrier’s planned collaboration with Etihad Airways.
$90 monthly mortgage hike
Fears of an increase in interest rates are more intense with home loan customers.
Perth office space demand rises
A significant number of companies have signed up for office spaces in Perth's central business district (CBD).
Healthscope competitors on the head hunt
Private health care provider Healthscope Limited (ASX: HSP) faces another threat, but this time it is from competing hospitals.
Share market opens lower
Trading this morning opened lower on the Sydney Futures Exchange. The December share price index contract was 14 points lower at 4637.
ANZ faces $50 million class suit over questionable bank fees
The Australian and New Zealand Banking Group (ANZ) is set to face a $50 million class-action lawsuit filed by an estimated 27,000 ANZ account holders in the Melbourne Federal Court on Wednesday.
Aussie up on US stimulus news
The Australian currency hit a fresh 25-month high on Wednesday noon, following talks the Federal Reserve might reinvigorate stimulus measures to aid the ailing US economy.
Aussie reaches new heights
The Australian currency strengthened more than one US cent to a 25-month high on Wednesday after the US Federal Reserve signalled it might engage in another round of quantitative easing.
Shares end stronger after fluctuations
The Australian bourse ended slightly higher on Wednesday after a rollercoaster trade in which profit-taking impacted on gains led by offshore sentiment.
Australia likely to tax carbon emission--Citigroup
The Australian Parliament would likely change its tact on carbon emissions in the next three years.
BHP airs concerns on global economy but upbeat on solid Asian market prospects
BHP Billiton Ltd has acknowledged that the global economy is on its way to recovery but the giant resources company maintained that spots of fragility still exists as it added that encouraging economic prospects in Asia give the mining firm a positive outlook for more growth in the years to come.
Air NZ says ACCC ruling on alliance with Virgin poses risks on its future
Air New Zealand Ltd decried the recent decision of the Australian Competition and Consumer Commission (ACCC) to block the carrier’s proposed alliance with Virgin Blue Holdings Ltd, emphasising that the competition watchdog’s move is a threat to its existence.
NAB forecasts 4.75% cash rate next month
National Australia Bank Ltd (ASX:NAB) said on Wednesday it expects the Reserve Bank of Australia will lift official cash rate from 4.5 to 4.75 per cent in October, rather than early next year.
Spark Infrastructure set to raise $295 million for debt repayment and investments
Utility investment firm Spark Infrastructure Group (ASX: SKI) said on Wednesday that it has launched capital raising of up to $295 million that the company would utilise in paying off debts of up to $200 million and fund its $85 million equity investments.
South Australia indigenous group gives up houses
South Australia's Davenport Aboriginal community had to turnover its housing leases to the State Government.
Windsor Hotel redevelopment pushes through
Heritage conservation group National Trust lost in its court battle against the redevelopment of the historic Windsor Hotel of Melbourne.
Diatreme forms alliance with Image, Chinese firm to develop WA zircon deposits
Mineral and metal explorer Diatreme Resources Ltd (ASX: DRX) announced on Wednesday that it has entered into a joint partnership with fellow Aussie miner Image Resources NL (ASX: IMA) following the agreement that the company sealed last month with a Chinese firm to develop the Cyclone and Cyclone Extended heavy mineral sand deposit in Western Australia.
Banks send bourse up
The Australian stock market was stronger at Wednesday noon, as news from the US buoyed banking stocks.
Australian economic growth index cools
Australia's economic growth rate slowed in July, marking the fourth consecutive monthly fall in the pace of expansion.
Clients sue Australia & New Zealand Banking Group Ltd.
Australia's third largest lender by market value, Australia & New Zealand Banking Group Ltd. was sued by 27,000 customers seeking to recoup about A$50 million ($48 million) of bank charges.
Gindalbie taps Downer for its $120 million transmission line contract in Karara
Mining firm Gindalbie Metals Ltd announced on Wednesday that a $120 million contract to construct a power transmission line on its $2 billion Karara iron ore exploration site in Western Australia has been awarded to resource contract specialist Downer EDI Ltd (ASX: DOW).
Aussie dollar continues its rally
The Australian currency is expected to continue its rally over the near term especially if the Reserve Bank of Australia decides to raise the interest rates.
Office space tenants on the rise
Office spaces in prestigious Melbourne buildings are being filled up.
BHP head Kloppers gets pay hikes that total to $US11.3 million in fiscal 2010
Fresh from its revelation that it garnered a total of $US12.47 billion of profit during the financial year 2009/10, BHP Billiton Ltd (ASX: BHP) rewarded its top honcho Marius Kloppers with a nine percent spike on his salary compensation, leading to a total pay of $US11.3 million or $A11.86 million last year.
Record-level consumer debt likely to increase bankruptcies
The value of consumer debts elevated to record levels in the three months to June and may lead to an increase in the number of bankruptcies reported this year and next, new research from Dun & Bradstreet shows.
Hemmes scores over Ivy battle
The Ivy owner, Justin Hemmes, was allowed to convert a performance bond in order to pay for numerous defects in his $66 million investment in Sydney.
David Jones gains high profit despite weak shopping conditions
High-end retailer David Jones Ltd (ASX: DJS) has withstood tough times this year as the company reported on Wednesday that despite consumers’ tentative shopping behaviour and the dwindling benefits from fiscal stimulus to households, it still managed to register record profit for fiscal 2010.
Fashion retailer optimistic of market
Inspite of a four percent drop in its annual profit, Premier Investments Limited (ASX: PMV) expects improvement in the retail environment.
Pages
- Promoted in Business
- 1
- 2
- 3
- 4
- 5
