ACCC not to oppose BlueScope Steel Ltd’s proposed acquisition of Orrcon...
(Source: Australian Competition and Consumer Commission) The Australian Competition and Consumer Commission will not oppose BlueScope Steel Ltd's proposed acquisition of the Orrcon Steel business from...
View ArticlePolitics Wrap: December 5, 2013
6:43pm: Happy weekend from Billion Dollar Bill and Doctor Tony. Upvotes:0 Downvotes:0 Copy Link 6:41pm: As they say in the calendar world, it's been a week. With MPs and senators escaping to their...
View ArticleGrowing trade deficit gives Aussie dollar another hit
Australia's trade deficit grew to a wider than expected $529 million in October. Photo: Jim Rice JRZ Australia’s trade deficit almost doubled in October, sending the dollar briefly tumbling towards...
View ArticleACCC Clearance and Statement of Issues for Steel Divestment (Hills Holdings...
(Source: Hills Holdings Limited) asx announcement media release 5 December 2013 HILLS WELCOMES ACCC CLEARANCE OF ORRCON TRANSACTION AND NOTES ACCC RELEASE OF STATEMENT OF ISSUES FOR FIELDERS Hills...
View ArticleAsian shares hit by Fed taper anxiety
Tokyo - Asian shares hit the skids and the dollar stood tall on Tuesday as a batch of upbeat US economic data confirmed the Federal Reserve's inexorable tilt towards reducing its stimulus soon, while...
View ArticleVeda Group stock surges on ASX debut
SHARES in Veda Group climbed as much as 42 per cent on their ASX trading debut as investors bet demand for credit information from individuals and companies in Australia and New Zealand will grow. In...
View ArticleNot all gold stocks will survive 2014 but analysts see value out there
FAILING an escalation of major hostilities - and we're not talking about the battle for Warrnambool Cheese & Butter - the majority of our listed gold stocks face a torrid 2014 and not all will...
View ArticleTrade deficit pushes Australian dollar lower
THE Australian dollar was lower late today on news of a bigger-than-expected trade deficit in October. At 5pm (AEST), the Australian dollar was trading at US90.34c, compared with US90.62c at the same...
View ArticleMarkets Live: All eyes on RBA decision
9:40am: Fortescue Metals Group has vowed to keep its debt repayments flowing fast, with another $US3 billion ($3.3 billion) to $US4 billion to be wiped off the ledger over the the next year or so. The...
View ArticleMarket dips amid Qantas turbulence
The Australian sharemarket is trading lower, marked by the dramatic descent of national airline Qantas, which flagged a big financial loss and widespread job cuts. Qantas on Thursday flagged a...
View ArticleFalling dollar won't help commodities
Increases in import prices are offsetting any benefit that commodity prices might get from a falling Australian dollar. Photo: Rob Homer A weaker Australian dollar is unlikely to provide much of an...
View ArticleDollar tumbles on disappointing GDP figures
The Australian dollar has shed more than half a US cent following a slightly weaker than expected economic growth result. At midday AEDT on Wednesday the local unit was trading at 90.77 US cents, up...
View ArticleFalls in store for local bourse
Australian shares are expected to extend their slide at Wednesday's opening, caught in rising global concerns that the US central bank is about to pullback on its easy money stance. What you...
View ArticleMiners soften market descent
The Australian sharemarket was slightly weaker at noon with a recovery by the miners offsetting weakness in other sectors following overnight falls overseas. Good news on US economic data including...
View ArticleDollar looks set to fall further despite rises in commodity prices
The dollar has sunk to a three-month low as investors reacted to disappointing growth figures and expectations increased...
View ArticleAustralian dollar falls, shares set for flat open
The Australian dollar has dropped sharply overnight, - falling below 90 US cents at one point - and local shares appeared set to open lower. What you need2know: SPI futures down 15 points to 5,262....
View ArticleStocks fall for third day
Australian shares fell for a third session despite the Reserve Bank of Australia electing to hold the official interest rate at a record low 2.5 per cent but continuing its campaign to talk down the...
View ArticleShares shrug off weak growth
Australian shares rose despite the latest gross domestic product data showing economic growth fell short of modest expectations. Iron ore miners led the stock exchange higher as the commodity’s price...
View ArticleBanks lead $20b sell-off
Investors are worried the US central bank will slow the flow of cheap money. Photo: Bloomberg Shares dropped to their lowest level in seven weeks, shedding about $20 billion in value, amid growing...
View ArticleMarkets Live: Retail sales up, RBA decision looms
11:35am: Australian retail spending rose 0.5 per cent in October, slightly above the expected rate of 0.4 per cent. Total retail spending was $22.285 billion in October, up from $22.180 billion in...
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