US: Greece Was Smart, Will America Follow Suit?
Greece finally found sense this week and avoided committing financial suicide, for the time being at least.
Read MoreGreece finally found sense this week and avoided committing financial suicide, for the time being at least.
Read MoreThere’s one nasty fact about the US economy that has been obscured by the very public argument about America’s debt ceiling, the threat of a default and the tooing and froing ahead of next year’s election.
Read MoreFor us in Australia, the 2010-11 financial year, June 30 half year, June quarter and month of June have all been confusing, to say the least.
Read MoreThe first of many, of just a one off?
Read MoreCentro Properties Group and its listed spin-off, Centro Retail Group, have completed the $9.4 billion sale of their US asset to private equity company Blackstone.
Read MoreResolute Mining is looking at a very sharp jump in revenues (and presumably earnings) in the 2012 financial year after updating the market yesterday on its production plans which contained forecasts of a 24% rise in output and a near 20% drop in costs.
Read MoreAmid rising public protest and violence in the streets of Athens, Greece’s parliament overnight approved a deeply unpopular 28 billion euro austerity package that will, for the time being see the country avoid default.
Read MoreGood and bad news for Japan’s recovery in the industrial production and retail sales data for May, released this week.
Read MoreASIC loved the Centro decision by the Federal Court on Monday and of course, the Centro directors who were found guilty didn’t like it.
Read MoreThat’s why the continuing outflow of money from Greece’s banks is becoming more of a worry.
Read MoreAnother multi-billion dollar Liquefied Natural Gas project is approaching the starting line, taking the value of the projects so far approved to well over $100 billion, with a couple of more mega projects to come.
Read MoreThe market seems to be pricing in a price of around $5.20 to $5.35, according to some reports.
Read MoreIn yesterday’s widespread sell-off, the odd stock rose.
Read MoreIn a complicated deal, Atlas Iron has appeared on the scene to throw a spanner in the plans Hong Kong-based company, Wah Nam, has proposed for a round of consolidation among iron ore wannabees in the Pilbara.
Read MoreMore problems for the troubled Oakajee iron ore port and rail project proposed for the Western Australian Midwest, with one of the two developers revealing money-raising problems.
Read MoreFive to six votes, maybe 10 is all that stands between Greece agreeing to the latest austerity package and a temporary bailout and the country lurching towards default and a possible return of the GFC.
Read MoreA couple of times this year we have carried reports of comments from senior Reserve Bank officials which have questioned the sustainability of Australian bank earnings.
Read MoreSo was the solid week in Asia a one-off bounce, or a sign that investors have figured out that the region is once again a ‘safe haven’ while Europe and the US struggle with their respective crises?
Read MoreThe US government revised its final figure for first-quarter economic growth to 1.9% Friday night, our time, up from its earlier estimate of 1.8%, but the improvement provided no joy to the markets.
Read MoreIt’s the end of the Australian financial year this week, as well as the end of the month, quarter and end of the June half year here and offshore.
Read MoreGold and oil ended mixed to weaker on Friday in the wake of the move by the International Energy Agency to drop 60 million barrels of oil onto the world market in the next few weeks.
Read MoreA day of confusion in trading in bank shares on the Italian stockmarket on Friday has raised concerns that the euro crisis is taking a new direction.
Read MoreThe AMP’s chief economist and strategist, Dr Shane Oliver updates his Wall of Worry report from may, which was pushed a little higher yesterday with the US Federal Reserve cutting its 2011 and 2012 growth forecast for the US and lifting its estimates for inflation and unemployment.
Read MoreTelstra, Optus and the federal government have done the long awaited deals to get the NBN going.
Read MoreStraight from Athens to a stockmarket near year you, a list of dates designed to keep you on the edge for a while long about whether Greece will go bust this year or next.
Read MoreNow we have the US and Chinese economies definitely slowing.
Read MoreProperty developer Stockland is continuing with its reweighting of its assets, selling some non-housing investments and moving deeper into residential and retail.
Read MoreMAP Group says it has received an offer from the Ontario Teachers’ Pension Plan Board (OAPP) to take over the Canadian fund’s stake in Sydney Airport in exchange for stakes in Brussels and Copenhagen Airports.
Read MoreInvestors were left a bit surprised, and not that impressed, with Qantas’s announcements yesterday.
Read MoreThe arguing, or rather debating, over the value of Foster’s is now underway in the wake of the $4.90 a share offer from SABMiller.
Read MoreThe Federal Reserve has grown more pessimistic about the health of the American economy, cutting its growth forecast and lifting its estimates for inflation and unemployment for the second time this year.
Read MoreThe reticence of Australian households to spend has been well-documented, but yesterday we got news that was mixed, to say the least about why they are saving.
Read MoreNo wonder Japan’s recovery is in danger from the country’s slack politicians.
Read MoreSABMiller and its local mate, Coca Cola Amatil are dreaming if they think they can get Foster’s for the current cheap 8.2% premium in the $4.90 a share offer, which bobbed up yesterday.
Read MoreThe Reserve Bank is trying to convince us that it is serious about another rate rise, but it is just as reluctant not to pull the trigger because of the weak state of large parts of the domestic economy.
Read MoreAustralia’s commodity export earnings are forecast to top a quarter of a trillion dollars, a record in the 2011-12 financial year that starts in nine days time.
Read MoreThe urge to merge in the medium to small end of the Australian gold sector continues with Focus Minerals making a friendly bid for Crescent Gold to create a company with a value of around $350 million.
Read MoreOnce again we saw a hard to understand profit forecast from Caltex Australia.
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