Investors will be watching the Australian dollar closely this week following its drop of nearly US2c late last week to just above parity with the greenback. The Australian currency closed in US trading on Friday at $US1.0017 after briefly ...
Tags: economy
Australian businesses will keep cutting their spending this year, with expectations for capital investment, employment and new credit set to fall further. The deteriorating outlook for the September quarter suggests that despite pockets ...
ANZ Bank's better than expected half-year result yesterday was the trigger for a buying scramble in the big four banks that single-handedly pushed Australia's major sharemarket index up 65 points, or 1.2 per cent, to a five-year high of ...
Australians are demonstrating a less cautious approach to spending money, with more consumers planning to use their credit cards this quarter, while savings will be less of a focus. The Dun and Bradstreet Consumer Credit Expectations ...
Tags: economy
Truck Industry Council (TIC) statistics show that the truck market continues the recent trend of growth compared to the same period in the previous year. The March 2013 truck sales of 2,564 units were the best post-GFC for any March, with a ...
Tags: TIC, truck market, Truck Sales
Holden will cut 500 jobs across its manufacturing and product development operations just one month out from the start of production of the new VF Commodore. A total of 400 workers from the Adelaide plant and 100 “hourly paid” ...
Investors took a record high for US stocks - the bellwether Dow Jones Industrial Index eclipsing its pre-global financial crisis peak - as confirmation that the US economic recovery is gathering strength and sent the local market to its ...
Tags: US stocks, Stockmarkets, Stocks
SMILES have replaced the frowns on stockbroking dealing desks, as the rallying sharemarket and low interest rates drive investors back to equities. "There's no doubt we're busier than any other time post the GFC for secondary market ...
Tags: SMILES, sharemarket, market trading
Investors are betting the Australian market index can continue to push decisively beyond the 5000 mark for the first time in seven years as results from some of the blue-chip stocks and a rise in consumer confidence lent support to another ...
Tags: blue-chip stocks, Australia, investment
An unhealthy cash flow cycle exists among Australian businesses, with 62 per cent of accounts settled late and firms taking on average, 52 days to pay their bills, according to the latest Trade Payments Analysis by Dun & Bradstreet. The ...
Cost cutting is tipped to continue to be the focus of Australian companies when they release earnings results next month with investors looking for a more disciplined approach to growth plans after recent job losses and writedowns. ...
Following speculation that a next-generation Honda Accord Euro would not be produced, Honda President and CEO, Takanobu Ito, confirmed to CarAdvice at the Detroit auto show that a new model is being readied. Asked directly whether a ...
Tags: Honda, Next-Gen Model, Accord Euro
The United Kingdom has posted its highest full year new car sales result since 2007, with 2,044,699 registrations recorded in 2012. That promising figure shows a 5.3 per cent rise year on year, pushing the market past two million units ...
Tags: new car sales, UK, car, car industry
Market watchers predict the local sharemarket will forge further ahead this year after surging almost 15 per cent last year, the result of a second-half recovery that defied concerns about sovereign debt in Europe and the US and a Chinese ...
Tags: shares, 2013, non resource sectors, sharemarket
In a sign of just how bruising the longer-than-expected fallout from the global financial crisis has been,the nation's chief dealmakers are entering the new year with cautious cheer. While expecting a better year following the worst 12 ...
Tags: global financial crisis, cautious cheer, investment bankers