AIR Midday Market Roundup Our market is up 31. The SFE Futures were down 11 this morning.
Wall Street closed up 10 on Friday. The Dow was u ... read more
Global Markets Down Again
Are things economic a bit better than markets now think?
Just as markets fret and worry about the health of the ... read more
Recessionary Fears Weigh On Wesfarmers’ $4 Billion
The global sub-prime crisis and this week’s recessionary fears have rehashed concerns about Wesfarmers' (WES) ability to refinance almost $4 billion in debt by October, with the ... read more Aluminia Cuts Underlying Earnings Forecast
Shares in aluminium producer, Alumina (AWC) fell on Thursday after the company said it cut its underlying earnings for financial year 2007 to $409 million from previously estimat ... read more ASX Falls On US Recessionary Fears
Last updated at 1:30PM AEST January 7.
The Australian stock market has opened significantly lower today following a tumble on Wall Street last Friday, as a sharp rise ... read more
BHP/Rio Big Profit Week
BHP Billiton and Rio Tinto produce results next week that will once again confirm that they are riding the China boom for all they can get.
Even though the profits will b ... read more Debts A Problem? Not In Australia
Shares fell 2% and more in some cases, commodities were sold off and currencies fell as the US dollar jumped as worries about the YUS economy and European sovereign debt hit mark ... read more Japan’s Slide Continues
On the face of it, news that Japan reported a rise in exports last month, compared with December 2008, seems to be good news.
Coming amid indifferent figures for industrial pr ... read more
VBA Upgraded
Virgin Blue's earnings upgrade last week won upgrades yesterday from two leading investment banks and brokers.
In a statement, the airline said it estimated its net prof ... read more Corporates: Gold, Nickel, Gas
Some more good news from the resources sector.
Gold miner Avoca Resources says it is now expecting a maiden first half pre-tax profit of $40.5 million.
The Perth- ... read more RBA’s Confidence On The Economy
So what are we to make of the sell down in global markets?
Will it have an impact on the Australian economy?
The Reserve Bank is wary, but says China will be more important ... read more
ERA’s Earnings Surge
Uranium miner Energy Resources of Australia posted record earnings in 2009, thanks to higher world prices finally hitting the bottom line through higher-priced sup ... read more BHP’s Busy Week
Last week was a busy one for BHP: there was a board meeting to examine the interim results (due for release the week after next) several deals and spending plans for given the gr ... read more Oil Search Wants $895 Million
Oil Search yesterday stunned the market by calling off the sale of part of its stake in the huge PNG LNG project and going to market for nearly $900 million in new capital.
... read more
JBH Shares Down After CEO Walks
What a way to ruin an upbeat sales and earnings story.
JB Hi-Fi CEO, Richard Uechtritz revealed yesterday that he was stepping down mid year, a move that sent the share p ... read more Banks Survive, Macquarie, CBA To Lead
Macquarie Group is due to update the market today on its first half performance.
It will be news eagerly awaited by investors, now convinced that the investment bank and fund ... read more AMP Alone On AXA Bid
So that's about it for the AMP and its ambitions to take over rival, AXA Asia Pacific Holdings, with Axa's French parent, AXA SA.
The AMP said yesterday that it's conside ... read more
Qantas Booms, Your Say On That Bid
And finally, apart from last year's Telstra T3 sale nothing has generated reader reaction like the Qantas bid did. Thankfully
it is over but Qantas can benefit from the experien ... read more Your Say On TLS, Drought, Interest Rates And More
A mixed group of comments from T3, to the drought, to the Rinker battle and several other situations.Here’s a selection of the best comments from the last two week’s comments on ... read more Air Blog
Telstra remains the big issue for the Air Blog commentary and this week it was joined by the drought.Here's a selection of the week's postings.Watch The Drought: the Yanks Are!By ... read more
