BUSINESS

Australian Housing Grows More Unaffordable

According to the findings of a new report, housing in Australia has gotten increasingly unaffordable over the last year, with first time buyers needing stump up 10 per more for a deposit.The report which was released by Bankwest suggests that a couple in Australia now needs to raised $85,800 as a de...
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Australian Stock Market Report - Midday

The Australian share market is currently posting some modest gains with the S&P/ASX 200 index currently flat. Our miners are mostly stronger with the S&P/ASX 200 Materials index up just over 0.5pct or 59pts to 11316.6.

Asian stocks rally

Asian stocks jumped at mid-day trading, lifting the MSCI Asia Pacific Index higher for the first time in five days, as takeover news of two Australian companies and a weaker yen boosted the outlook for Japan's exporters raised the appetite of investors.

Centennial shares soaring

Shares in Centennial Coal have opened 34 per cent stronger after the company agreed to a $2.5 billion acquisition offer from Thailand's Banpu Public Co Ltd.

Global Risk Aversion Holding Back Oil Prices

There remain mixed views on the outlook for oil prices, with ANZ Bank identifying some short-term downside risks but Barclays and Commonwealth Bank remaining positive on medium-term prospects.

Rising inflation ups rates pressure

The rate of inflation soared for the eighth straight month in June, along with the prices of food, travel and insurance services while Australia moves closer to total employment.

Elders says it still has support of banks despite repeated downgrades

Elders Ltd still enjoys the support of its banking partners and the company’s long-term outlook is very much encouraging, that according to chief executive Malcolm Jackman as Elders came out as one of the worst performing stocks on the Australian Securities Exchange (ASX) in the 2009/10 financial year.

Wilmar buys CSR’s Sucrogen

CSR shares rose 3.2 per cent this morning after the Australian conglomerate disclosed it had cut a deal to sell Sucrogen to Wilmar International for $1.75 billion, outdoing China's Bright Food Group offer of $1.65bn.

New job index shows steady online job ads in June

Online job ads in June registered a mere increase of 0.14 percent in June, as analysts gave indications that employers for now may be on the waiting-mode for some possible effects of an early federal elections on workplace regulations.

Centennial recommends Banpu offer

Centennial Coal is urging its shareholders to consent to the cash takeover offer worth $6.20 per share from Banpu Public Co Ltd, a company based in Thailand.

Worker’s feet getting itchy

According to a recent survey released showing another significant increase rise in the number of new jobs being offered, a surprising 30+ per cent of Australian workers are intending to change jobs soon.

Markets: A Rotten Week

A nasty week that hopefully is not going to be a precursor on more to come.Markets in the US suffered falls of 3% to mor...

IG Markets Morning Prices

The US market retreated modestly during Friday's session as the much anticipated non-farm payrolls came in weaker than expected. It showed total job losses of 125,000, roughly 10,000 worse than what the market had been expecting.

Shares to open weaker

The Australian share market is expected to open lower today after weak employment growth in the US cause fears about the strength of the world's largest economy.

Investors troubled about Australian debt

For all the commotion raised regarding foreign investment in the housing sector, an overlooked feature is the foreign demand for mortgage and bank debts of Australia necessary to keep housing loans afloat and moving and prices rising.

World Market Overview

U.S. stocks fell Friday, with General Electric, Caterpillar and 3M among the decliners following disappointing reports on U.S. employment and factory orders.

Inaugural Australian Ham Week leads the fight back for Australian grown pork

In a bid to help confused Australian consumers and in a fight back for the country's embattled pork producers, Australian Ham Week will be launched today (5 July).Australian pork producers have for some time now been battling against the flood of subsidised imports from Denmark, for bacon and the US...

Secrets to Hospitality Success Unveiled

Female, baby boomer with a supply of working capital and a coffee machine - that's the profile of a hospitality success story, according to a new industry index.The inaugural Hospitality Industry Success Index (HISI), developed by national equipment financier Silver Chef, was unveiled in Brisbane la...

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