Commodities: Gold, Oil Hit, Copper Steady
Gold 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 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 MoreNo wonder Japan’s recovery is in danger from the country’s slack politicians.
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 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.
Read MoreAnother rough day for Woodside Petroleum with the company’s shares hitting a new 52 week low of $39.87 as investors continued to sell after Friday’s shock cost blow out and delay to its Pluto LNG project in WA.
Read MoreSuddenly help for Greece is getting tougher, despite the widespread expectation that the 12 billion euros of loans from the IMF and EU would be paid so as to avert a financial crunch.
Read MoreJapan is pushing towards a radical reworking of its consumption tax as a way of boosting revenues as the country grapples with the cost of rebuilding after the March 11 quake and tsunami, a crippling deficits and rising debt which are being made worse by the costs of the country’s rapid ageing.
Read MoreDespite all the gloom and doom from Greece, Europe and the US, as well as the glum tone on sharemarkets here and offshore, there was one unchallenged bit of good news for Australia over the weekend.
Read MoreA small sigh of relief on Friday night as US sharemarkets posted their first weekly gain since April, with the S&P 500 and Dow ending moderately higher in the face of worries about Europe’s debt crisis and a slowing US economy.
Read MoreA big week for the US economy, or rather a week when the current gloomy sentiment about the outlook for the US economy will be further tested.
Read MoreSo now for the hard part of ‘saving’ Greece a second time in 13 months and hopefully making sure it will be the last.
Read MoreIt might sound a bit melancholy, but Greece and the US economy will again dominate markets here and overseas in the coming week.
Read MoreLot’s of talk about dominos in European banks and economies if Greece defaults, while from across the Atlantic, a growing realisation the US economy is approaching stall speed, as the Fed’s punchbowl is being closed off.
Read MoreOur market has lurched downwards in sympathy for the rest of the world on Thursday as local investors large and small (and the hedge funds and other short term players) reckoned the bad news from Greece and the US economy was bad news for us.
Read MoreFigures out this week flesh out the dramatic impact of the floods and cyclones on Australia’s minerals sector in the three months to March.
Read MoreSlowly but surely Japan’s recovery from the terrible impact of the March 11 quake, tsunami and the Fukushima nuclear crisis is growing stronger.
Read MoreUnderstandably, global investors continued trimming their positions in the past month, remaining defensive, as they tried to work out whether the current Wall of Worry was a repeat of 2010’s or more serious.
Read MoreQantas Airways has hacked into its overly ambitious expansion plans for the second time in three months as weak growth and high fuel cost carve a hole through the company’s operations.
Read MoreAustralia’s winter grain crops are in very good shape, according to the quarterly update from the country’s premier forecaster, the Australian Bureau of Agricultural and Resource Economics and Sciences.
Read MoreConsumer sentiment is at its lowest level in two years, as cautious households worry about interest rates, taxes and the economy.
Read MoreNewcrest Mining, the country’s biggest gold miner (and Number 4 in the world) has flexed its muscles and expanded its domination of the local industry.
Read MoreFocus will now centre on the August meeting of the Reserve Bank board for the next possible rate rise after comments yesterday by Governor Glenn Stevens in a speech in Brisbane.
Read MorePrivate equity has a lot of questions to answer (if the various groups can ever be bothered) about why their business model is supposed to be so good, especially for retail.
Read MoreEight hours or so after IAG issued its investor day update, QBE, the country’s biggest insurer, revealed that while its expecting as 50% to 60% rise in first half earnings, the spate of natural disasters would play havoc with its insurance returns.
Read MoreWe had further confirmation yesterday that the Australian economy is struggling to recover from the flood-related slowdown in the first quarter of the year and cautious consumers who are saving, not spending worrying retailers, but pleasing banks with their higher savings.
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