BUSINESS

Mirrabooka reports annual profit growth

Australia-based investment company Mirrabooka has posted a 31 per cent increase in full-year net profit, and announced a share purchase plan saying equity valuations had gone back to attractive buying levels.

Macquarie releases new mortgage plan

Macquarie Bank has announced the release of a new mortgage-based plan intended for borrowers that plan to make use of mortgage as a part of wealth development strategy.

Home loans increase in May

Australia's housing finance commitments have marked their first increase in eight months, showing a renascent housing market amid higher rates and falling confidence.
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Virgin brand dispute delays Australian airline relaunch

Australia's second-largest airline Virgin Blue has postponed its relaunch until early next year as it seeks to resolve a long-running dispute with largest shareholder, Richard Branson, over its plans to own the Virgin name.

Stockbrokers Like Gindalbie's Upside

Credit Suisse has joined UBS in covering iron ore play Gindalbie Metals, both brokers rating the stock as a Buy given valuation upside and leverage to iron ore prices.

Orica demerger worth the $100m cost

Orica Ltd, the world's largest industrial explosives maker, says the demerger of its DuluxGroup paint and garden products business in Australia is worth the millions in transaction fees.

China: Exports Jump, Again

China's trade surplus jumped sharply in June, a development that will get all the American loudmouths yapping again abou...

Markets: A Confidence Surge?

Global stocks rose on Friday, recording their best week in nearly a year, as risk aversion eased.It was a reversal of th...

Australian Stock Market Report

Data released on Saturday showed that China´s trade surplus widened from US$19.5 billion to US$20.02bn in June, well above forecasts for a surplus near US$15.6 billion.

Consumer demand sees organic wine shine for the first time at WineTech

The Australian wine industry had its first opportunity to learn about organic wine production last week at the industry's major triennial event, WineTech in Adelaide.Organic representative group Biological Farmers of Australia (BFA) joined biological farm input manufacturers to highlight the quality...

Oil Price Upside

The market agrees oil prices will head higher as the global economy recovery and market fundamentals improve, with RBS Australia offering its preferred list for playing the sector.

Australians Spend More On Charge And Credit Cards In May

Spending by Australians on charge and credit cards including advances increased in May according to the Reserve Bank of Australia, who said $19.631 billion was spent during the month.The amount spent in May on charge and credit cards rose from $17.960 billion in April, whilst the number of transacti...

Western Australia Set To Boom In The Coming Years

Growth in Western Australia is set to explode, with forecasts by the Western Australian chamber of commerce predicting 4.5 per cent growth in the current financial year, and a leap to 6 per cent in the following financial year.The Chamber of Commerce and Industry says Western Australia has performed...

Demand rises for energy listed firm Santos

Shares of the S&P/ASX 200-listed company Santos rose significantly at 8.5 percent in Sydney trading after reports Royal Dutch Shell Plc may buy a stake in the venture.

Gloucester Coal still negotiating with Noble Group

Gloucester Coal of Australia intends to raise equity to buy shares in coal mines from its loading shareholder, Singaporean-owned Noble Group, the most recent on a series of deals in the growing coal industry.

Extract reports stake sales to Japanese firm ITOCHU

Extract Resources Ltd said on Friday that it has sold a 10.3 percent stake to ITOCHU Corporation of Japan, with Polo Resources Ltd acting as the vendor by selling 9.2 percent of its stakes with the company while a Polo subsidiary party agreed to sell the remaining 1.1 percent.

Skills shortages threaten Australia’s economic expansion

The latest Australian Industry (Ai) Group/Deloitte survey released on Friday showed that the shortage of skilled workers could hamper the country’s economic growth, with up to 34.7 percent of business executives affirming that the problem is indeed a high risk business issue.

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