AGMs: Alesco’s Rough Start To 2011 Year
Diversified industrial group, Alesco Corporation continues to find the going tough.
Read MoreDiversified industrial group, Alesco Corporation continues to find the going tough.
Read MoreIs there life after Babcock & Brown and after reverting to your old name, if you are Alinta Energy, the heavily indebted energy group based in WA?
Read MoreCoal company New Hope Corporation Ltd (which is part of the Soul Pattinson group of Sydney) has suffered a sharp fall in operating earnings, despite achieving record levels of production and exports for the year to July 31.
Read MoreThe US Federal Reserve sat on rates and other possible bit policy moves at its meeting in Washington overnight.
Read MoreAustralian commodity exports are now expected to hit an all time high in the year to June, 2011, according to the latest estimate from the Federal Government’s key forecasting group.
Read MoreAn interest rate rise is only a matter of time after the release yesterday of the minutes of the September 7 meeting of the Reserve Bank board and the speech on Monday by Governor Glenn Stevens.
Read MoreInterest rate rises are live again as an issue after Reserve Bank Governor Glenn Stevens yesterday made sure we all know that the central bank is focused on the danger of cost pressures emerging quickly in the economy and boosting inflation.
Read MoreIt will pay to maintain a sceptical frame of mind over the next few weeks as we will be bombarded with $15 million advertising about the worth of the Queensland Rail National float.
Read MoreIt’s not just the Commonwealth Bank where the amount paid to the CEO and senior managers in 2009-10 has raised eyebrows; faltering insurer, Insurance Group Australia found reasons to pay its senior managers more in the year to June, despite suffering a big fall in earnings and more losses on the unfortunate UK play.
Read MoreAs expected James Hardie Industries will appeal a Federal Court decision that upheld a ruling that it owes the tax man $US318 million ($339 million).
Read MoreShares in Metallica Minerals Ltd rose more than 9% yesterday after the small miner revealed that it was a step closer to developing a multi-metal mine and processing operation in northern Queensland.
Read MoreRenewed strains are emerging on the global banking system.
Read MoreAs the world markets seemingly recover their poise, the monthly survey of big investor confidence from Bank of America/Merrill Lynch says increased confidence about China has emerged from the September assessment.
Read MoreGold closed a winning week with a bang on Friday, notching a fresh record and helping silver settle at its highest close in three decades.
Read MoreAnother solid week for most global markets with the US ending on an up note Friday, despite renewed fears about the financial health of Ireland and its troubled banks.
Read MoreAmerican data grabs our attention again this week with the all important Federal Reserve interest rate policy meeting dominating, plus a slew of reports on the health of the depressed housing sector.
Read MoreShares versus bank deposits, a modern dilemma for investors, especially in Australia where deposit rates are amongst the highest in the major economies because of our stronger economy and the need for our banks to raise more and more money from small investors and not from overseas credit markets.
Read MoreAs expected the Reserve Bank of NZ kept official interest rates on hold at 3% because of the uncertainty caused by the Christchurch earthquake, its $NZ4 billion estimated damages bill and the short term impact of that on the wider economy.
Read MoreWith the agreement on the new international banking rules behind us there’s a feeling among some investors that the sector and global banking is on the mend and out of danger.
Read MoreShareholders who hung on from the $4.10 a share float in department store group, Myer, almost had a shock yesterday.
Read MoreLeading metals consultancy, GFMS seems to have got a bit more bullish about gold.
Read MoreStockland’s attempts to expand deeper into the retirement living sector by buying control of rival, Aevum, is now at the interesting stage.
Read MoreBusiness confidence may have risen last month, according to the latest National Australia Bank survey, but the Westpac/Melbourne Institute survey says consumer confidence has weakened after remaining strong through the election campaign.
Read MoreThe market took the news in its stride, it’s been factored into the Aristocrat share price now for quite a while, but bit was still a shock yesterday to learn that incompetence (or perhaps being too clever) had cost the company a massive amount of money.
Read MoreThe intervention came a day after the leadership of Australia’s second most important trading partner was left as confused as it was before the win by Prime Minister Naota Kan over party backroom boss, Ichiro Ozawa.
Read MoreJapan sold off the yen yesterday to try and drop its value from 15 year highs.
Read MoreRio Tinto continues to commit to significantly higher spending in Australia in the wake of the settlement of the federal election.
Read MoreAustralia’s resources luck continues with the solid rains of the past month or so across much of our grain growing areas boosting the probable size of the 2010-11 wheat harvest to the highest level in five years, just as world wheat prices continue to be boosted by uncertainty about supplies from Russia.
Read MoreCampbell Brothers’ bid for the Perth-based metallurgical testing specialist Ammtec has finally succeeded after the Brisbane-based company upped its offer price for a second time to $4.06 and won the greenlight from its target’s board.
Read MoreThe National Australia Bank has pulled the plug on its $13.4 billion takeover of AXA Asia Pacific.
Read MoreAustralian business confidence in August recovered to levels last seen in April, according to the latest National Australia Bank monthly survey, but business conditions were unchanged – at levels still well under those in the first half of 2010.
Read MoreMarkets across Asia rallied yesterday off the back of the better than expected August economic data from China and the new banking capital rules that are seen as having a modest impact on banks across the region.
Read MoreRio Tinto isn’t too worried about the new federal Labor government, the Greens or the influence of the independents, judging by two moves revealed yesterday to spend over $1.2 billion over the next three to four years on expansion in iron ore and bauxite.
Read MoreThe Christchurch earthquake will cost at least $NZ4 billion and cut third quarter economic growth by around 0.4%, according to the country’s Treasury yesterday.
Read MoreLeighton Holdings revealed a new big contract yesterday and confirmed finally that long time CEO Wal King is to retire.
Read MoreAustralian banks looked like they have escaped the worst of the impact of the new capital rules for banks.
Read MoreApart from the broader economic news out of China, what about the impact on Australia.
Read MoreChina’s soft landing seems to be continuing, while the Japanese economy may be a touch stronger though than a month ago.
Read MoreMost markets eked out gains last week.
Read MoreGold prices steadied on Friday and oil was higher.
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