GDP growth tipped to slow in Q2
Activity in the Australian economy is tipped to have slowed in the second quarter, as high interest rates continued to erode consumer spending power.Gross domestic product (GDP) is forecast to...
AAP -
Friday August 29, 2008, 7:49 pm
Aussie stocks rise 1.4%, financials lead gains
(Adds comment)
SYDNEY, Aug 29 (Reuters) - Australian shares rose 1.4
percent on Friday, led higher by financial stocks such as
Macquarie Group Ltd MQG.AX, as concerns about the global
economy eased...
Reuters Finance News, Australia -
Friday August 29, 2008, 4:45 pm
Aussie stocks up 1.4%; first monthly gain since May
(Updates to close)
SYDNEY, Aug 29 (Reuters) - Australian shares rose 1.4
percent on Friday, led higher by financial stocks such as
Macquarie Group Ltd MQG.AX, as concerns about the global
economy...
Reuters Finance News, Australia -
Friday August 29, 2008, 4:17 pm
Aussie stocks up 1.3 pct; Harvey Norman slips
(Adds Harvey Norman, Austereo Group)
SYDNEY, Aug 29 (Reuters) - Australian shares rose 1.3
percent on Friday, led by banks as concerns about the global
economy eased following strong U.S. economic...
Reuters Finance News, Australia -
Friday August 29, 2008, 12:47 pm
Aussie stocks up 1.3 pct; CBA up on Aussie stake buy
(Adds CBA, updates indices)
SYDNEY, Aug 29 (Reuters) - Australian shares rose 1.3
percent to a one-month high on Friday, led by banks as concerns
about the global economy eased following strong...
Reuters Finance News, Australia -
Friday August 29, 2008, 12:30 pm
Aussie stocks up 1.2 pct; banks lead
(Adds movers)
SYDNEY, Aug 29 (Reuters) - Australian shares rose 1.2
percent on Friday, led by banks as concerns about the global
economy eased following strong U.S. economic growth figures.
Big...
Reuters Finance News, Australia -
Friday August 29, 2008, 10:43 am
Rates, GDP To Fall
Interest rates will fall by 0.25% to 7% for the cash rate at 2.30 pm next Tuesday and by the close of business, the National Australia and ANZ Banks will have followed suit. They have promised to...
Australasian Investment Review -
Friday August 29, 2008, 8:34 am
No Jackpots For Aristocrat
Aristocrat Leisure (ASX: ALL.ax) is facing a $40 million cost in this half from yesterday's settlement of a $144 million class action against the company. The one-off cost will further...
Australasian Investment Review -
Friday August 29, 2008, 8:31 am
Japan's Housing Slump/Toyota Cuts 2009 Output Forecast
Without any publicity in Australia, the Japanese home building and construction sector has been hit by the collapse of at least four significant companies in the past three weeks. Two companies,...
Australasian Investment Review -
Friday August 29, 2008, 8:29 am
NT economy bucks national downward trend
A nationwide study shows Northern Territory businesses are faring better than their southern counterparts in Australia's economic downturn.
The August Sensis Business Report found that only five...
ABC Business News -
Thursday August 28, 2008, 5:29 pm
Australia's Fairfax to cut jobs, take A$50 mln charge
(Adds details)
SYDNEY, Aug 26 (Reuters) - Fairfax Media Ltd (ASX: FXJ.ax) will
cut 5 percent of its workforce and take a A$50 million ($43
million) one-off restructuring charge, as media...
Reuters Finance News, Australia -
Tuesday August 26, 2008, 10:32 am
Goodman Fielder Result Hit
The 2008 Goodman Fielder result was long on red ink and explanation, and short of the sort of news investors wanted to read about the year past, and the year that's now underway. And that was...
Australasian Investment Review -
Tuesday August 26, 2008, 8:24 am
Transfield Meets Lowered Guidance
Transfield Services Ltd, a provider of maintenance services which has been growing rapidly in the US, says its net profit will grow by up to 20% this year, after meeting reduced guidance for the...
Australasian Investment Review -
Tuesday August 26, 2008, 8:22 am
Last Week of June 30 Profits: Strains Emerge
If we thought last week was dramatic, with the huge profit of BHP Billiton, good to average results from a string of companies like Qantas, a poorly received effort from Wesfarmers, and bad news...
Australasian Investment Review -
Monday August 25, 2008, 8:29 am
DIARY: Australian Capex, US GDP
As discussed above, the June 30 corporate reporting season peaks this week with some good results but also slashes of red ink. Economically, interest rate discussion will also occupy headlines...
Australasian Investment Review -
Monday August 25, 2008, 8:17 am
