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
Feature Story: Watch For A Double Dip, But Don’t Bank On It
While the risks have increased, we remain of the view that the US and global recovery will continue.
However, whether there is a US double dip or not, it’s clear the growth ou ... read more Feature Story: America Sagging
Tonight, our time, two events will tell us a lot about the future direction of the US and global economies.
The first is the release of the second estimate for second quarter ... read more Investment: Global Investment Fears Ease, But US Still A Concern
Big global investors are not as bearish as they were a month ago.
An increased percentage are no longer as worried about deflation, while some are starting to fret about infla ... read more
Corporates; Metcash, Brambles, Mosaic
For some reason, the market took a dislike to yesterday's outlook issued by Metcash at its AGM in Sydney.
The shares lost more than 3% in a generally upbeat market at one ... read more Corporates: Coote’s Big Loss, Ammtec Says No To Campbell, Hardie Loses
Perth-based Coote Industrial snuck a $124.6 million annual loss into the late June 30 reporters yesterday.
The company explained the loss in its statement to the ASX as being ... read more Profits: Centro Twins Face Tough Year
Centro Properties and its associate, Centro Retail Trust, continue to struggle as they confront the next 12 months that look even more strained than the outlook wa ... read more
World Steel Output Still Solid
World crude steel production was still strong last month.
According to figures from the 66 countries reporting to the World Steel Association output was 121 ... read more BHP Reveals Possible Corruption
BHP Billiton, the world's biggest mining company, has joined its smaller rival, Rio Tinto, in being implicated in possible corrupt activities.
The news was buried in the ... read more Newcrest Gets Serious About Lihir
A $26 billion gold mining giant based in Australia could be moving closer after Newcrest suggested yesterday it might sweeten its offer for Lihir Gold.
Newcrest said it w ... read more
Trade: Export Warning
Two days after the June quarter current account figures confirmed the rebound in our trade performance, we've got a timely reminder of how ephemeral things can be in global trade ... read more The Market: Local Investors Out Of Tune
There's a big question to be asked after this week's June quarter growth figures and the end of the reporting season.
How come the share prices of our local (and international ... read more Asia: Chinese Industry Picks Up, Others In Asia Slow, India Grows
As strong growth in the June quarter was confirmed for Australia, we had news from China with news that two surveys of the country's huge manufacturing sector have show ... 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
