May Commodities: Gold Up, Oil Weak
Gold rose in late trading on Friday after the Fitch cut of Spain’s debt ratings forced gold investors to cover short positions before the holiday long weekend.
Read MoreGold rose in late trading on Friday after the Fitch cut of Spain’s debt ratings forced gold investors to cover short positions before the holiday long weekend.
Read MoreTrading for May in the US finished on Friday, with the Memorial Day long weekend closing American markets tonight, our time.
Read MoreThe Australian investment boom remains on track.
Read MoreJames Hardie Industries has posted a full year 2010 net loss of $US84.9 million ($A102.9 million), after reporting an improvement in fourth quarter operating income.
Read MoreShopping mall owner Westfield Group said first-quarter operations confirm positive signs for the markets in which it operates.
Read MoreTabcorp said yesterday that it has no knowledge of a mooted takeover bid for the company, but suggests rumours of a bid may be why its share price rose strongly on Tuesday.
Read MoreMelbourne-based Programmed Maintenance Services has posted a 7% fall in annual net profit, as suggested in a trading update earlier this month.
Read MorePerth-based Ammtec Ltd has rejected the takeover offer from Brisbane-based Campbell Brothers as too low, and has forecast strong earnings growth in the 2011 financial year.
Read MoreAustralia’s major coal miners have found their supposed fears about the proposed resources profit tax no barrier to trying to increase their hold on the Queensland coal transport system.
Read MoreTalk about dud financial deals, especially takeovers.
Read MoreGindalbie Metals yesterday became the second miner to point out that the proposed mining super profits tax will not impact expansion plans from proceeding.
Read MoreLaboratory and chemicals group Campbell Brothers has posted a 29% drop in annual net profit, as forecast in a February guidance update.
Read MoreFor about the third time so far this financial year travel group, Flight Centre has upgraded its fiscal 2010 guidance, and the shares take-off.
Read MoreThorn Group, which owns Radio Rentals, says it lifted earnings in the year to March as Australian rented more appliances.
Read MoreAfrica’s biggest generics drugs group has been revealed as the bidder for the struggling local group, Sigma Pharmaceuticals.
Read MoreWoolworths has added more stores to its emerging hardware chain by agreeing to pay $40 million to acquire the small group of five hardware stores owned by the struggling Gunns timber and forestry group.
Read MoreTransurban Group has strongly defended the rejection of the takeover bids from three shareholders a fortnight ago.
Read MoreNow that Thailand is slowly getting back to something approaching civility, there’s time for an accounting.
Read MoreIn Australia, the focus in the economy will be on the start of the lead up to the first quarter growth figures to be released midway through next week.
Read MoreAustralia’s healthcare sector was hit hard last week with two major earnings downgrades, and possible takeovers for two other struggling groups.
Read MoreSo how did the markets finish up after last week’s monstering by fear?
Read MoreStockmarkets bounced in late trading Friday, holding out the hope for a better start this week.
Read MoreCommodity prices stabilised on Friday after the worst week for over a year.
Read MoreGiven the rising level of financial stress and uncertainty coming from Europe (and to a lesser extent China) in recent weeks, it probably comes as no real surprise that big global and regional investors have gone right off both areas as investment destinations.
Read MoreBlame Germany and the stumbling Chancellor, Angela Merkel, who looks increasingly out of her depth in running the world’s 4th biggest economy, and more importantly, the biggest economy in the world’s biggest economic region, Europe.
Read MoreIt’s not only Australia that has tied its economic fortunes to China.
Read MoreA curious mixture of give and take and rising debt in the 2010-11 New Zealand budget.
Read MoreThe first serious report on the May 6 ‘Flash Crash’ on Wall Street hasn’t produced a ‘smoking gun’ as many investors hope, instead it has listed what is thought didn’t happen, and a list of factors that probably helped create the brief crash.
Read MoreTroubled Melbourne-based whitegoods retailer, Clive Peeters, has been placed into administration.
Read MoreDavid Jones was the latest to feel the slowdown in retailing in the three month period to April 24.
Read MoreConsumer sentiment dropped in May for the second month in a row and by the biggest amount since October 2008 when the credit crunch and recession were intensifying.
Read MoreBrisbane-based laboratory services and chemicals group, Campbell Brothers, is back on the takeover trail in its preferred area, analytics.
Read MoreHome lending may be slowing, but Stockland says it’s on track to sell a record number of homes in the June 30, 2010 financial year, and it remains confident of meeting earnings guidance.
Read MoreA fortnight is a long time these days in economics and monetary policy when the euro is wobbling and Europe’s salvation seems to be doubted by investors around the world.
Read MoreOpposition from a major shareholder has sunk the revised bid for Macarthur Coal from US giant, Peabody Energy Corporation.
Read MoreMetal basher and rail products maker, Bradken Ltd, has revealed an acquisition in Canada, lifted 2010 guidance and a $50 million share placement.
Read More