australia stocks business news
Dec. 13 (Bloomberg) — Australia’s benchmark stock index, the S&P …
Bloomberg – 10 hours ago
The index of 203 companies traded on the Australian Stock Exchange rose 13.20 to 6628.40. Among the stocks in the index, 85 rose, 26 fell and 92 were …
IPOs in Australia Fizzle as Losses in Uranium, Subprime Mount Bloomberg
Dec. 12 (Bloomberg) — Australia’s benchmark stock index, the S&P … Bloomberg
Australian Shares Fall on US Outlook; James Hardie Declines Bloomberg
Bloomberg – Bloomberg
all 12 news articles »
Australia Stock Update: S&P/ASX 200 Rises 13.20 to 6,628.40
Dec. 13 (Bloomberg) — Australia’s benchmark stock index, the S&P/ASX 200 Index, rose 0.20 percent at 10:05 a.m.
The index of 203 companies traded on the Australian Stock Exchange rose 13.20 to 6,628.40. Among the stocks in the index, 85 rose, 26 fell and 92 were unchanged.
Gains in the S&P/ASX 200 Index were led by Bhp Billiton Ltd, Commonwealth Bank Of Australia and Brambles Ltd. About 104.07 million shares changed hands on the Australian Stock Exchange.
Bhp Billiton Ltd, which rose 34 cents to A$43.54, was the most active stock by value in Australia.
The next most-active issues were Bradken Ltd, which fell A$5.20 to A$9.60, and Carnarvon Petroleum Ltd, which rose 14 centsto 72 cents,
Last Updated: December 12, 2007 18:05 EST
Australia S&P/ASX Falls on Fed Liquidity Move; Westfield Drops
Bloomberg – 3 hours ago
13 (Bloomberg) — Australia’s stocks fell for a second day on concern the US Federal Reserve’s move to cut its key interest rate and provide cash to …
Bradken Shares Fall as Company Warns of `Flat’ Profit (Update3) Bloomberg
Bradken Shares Fall as Company Warns of `Flat’ Profit (Update2) Bloomberg
Australian Oil Shares Advance on Higher Crude; Bradken Tumbles Bloomberg
all 14 news articles »
Australia’s Qantas increases earnings guidance on higher passenger …
Forbes, NY – 5 hours ago
‘The peak of the business cycle is over and we are still 190 billion US dollars in debt. So we could be heading for a downturn with little cash in the bank …
Qantas Increases Forecast for Full-Year Profit (Update1) Bloomberg
Qantas Revises Up 2007 – 08 Profit Before Tax Forecast – Update … RTT News
all 57 news articles »
Stocks Trade Weak Despite Positive Lead From Wall Street – Asian …
RTT News, NY – 6 hours ago
At 11:53 am local time, Australia’s S&P/ASX 200 Index was down 7.3 points or 0.1% at 6607.9 and the broader-based All Ordinaries Index was losing 5.0 points …
Stocks Decline As US Federal Reserve’s Rate Cut Decision … RTT News
Stocks Tumble On Wall Street Sell-off – Asian Commentary  RTT News
New Zealand Stocks Get Negative Wall Street Lead Off Fed Rate … RTT News
RTT News – RTT News
all 19 news articles »
Australia & New Zealand
Qantas Raises Full-Year Earnings Growth Forecast on Increased Passengers Qantas Airways Ltd., Australia’s biggest airline, raised its earnings forecast, predicting record profit as the carrier flew more domestic passengers.
Australia’s Employment Jumps More Than Forecast, Worsening Labor Shortage Australia added more than twice as many jobs in November as economists forecast, deepening a skills shortage that prompted the central bank to raise borrowing costs to an 11-year high.
Fortescue Seeks $1 Billion in Loans From China For Expansion, Bankers Say Fortescue Metals Group Ltd., aiming to become Australia’s third biggest iron ore producer, is seeking at least $1 billion in loans from Chinese banks to fund expansion, said two bankers involved in the talks.
Fonterra Increases Milk-Payment Forecast, Bolstering New Zealand’s Economy Fonterra Cooperative Group Ltd., the world’s biggest exporter of dairy products, raised its forecast milk payment to farmers, stoking an industry that makes up 7 percent of New Zealand’s economy.
S&P/ASX 200 Declines on View Fed Moves Will Not Save U.S. From Recession Australia’s stocks fell for a second day on concern the U.S. Federal Reserve’s move to cut its key interest rate and provide cash to financial institutions won’t be enough to stem losses tied to the country’s subprime mortgage market. Westfield Group led declines.
Bradken Shares Slump as Mine Project Delays Lead to Stalling Profit Growth Bradken Ltd. plunged by a record in Sydney trading after the Australian supplier of tools and services to mining and railroad companies said full-year earnings will miss analysts’ estimates.
Centro May Lower Earnings Forecast as Borrowing Costs Likely to Increase Centro Properties Group, Australia’s second-biggest shopping-mall owner, will revise its earnings forecast because borrowing costs are likely to rise.
Australia May Reduce Key Interest Rate, Macquarie’s `Rate Cut Rory’ Says The Australian central bank’s next move may be to cut its benchmark lending rate, confounding expectations for further increases, as it tries to prevent fallout from the global credit squeeze hurting growth, Macquarie Bank Ltd. said.
Australia: Casino Chain Expands in Las Vegas
New York Times, United States – 4 hours ago
By AP Australia’s largest casino company, Crown Ltd., said it agreed to buy Cannery Casino Resorts for $1.75 billion, expanding its business in Las Vegas. …
Packer’s Crown Buys Cannery Casino for $1.75 Billion (Update5) Bloomberg
Packer bets house on US casinos The Australian
all 145 news articles »
Stock market closes lower
Sydney Morning Herald, Australia – 11 Dec 2007
The Australian stock market closed lower on Wednesday after United States markets fell sharply after a smaller than expected interest rate cut by the US …
Australian shares close lower on concerns about credit markets …
Forbes, NY – 2 hours ago
Bradken, a manufacturer of heavy equipment and replaceable parts for the mining industry and rail freight wagons, was the second-worst performing stock …
Australian shares slightly lower in mid-session in directionless trade Forbes
Australian shares higher early buoyed by Wall St gains, profit … Forbes
Australian shares pare losses as bargain hunters move in Forbes
all 43 news articles »
Australia Stocks Face Downward Pressure For Wednesday Open 
RTT News, NY – 11 Dec 2007
Australian stocks rode a strong lead from Wall Street to higher ground on Tuesday. At the close, the benchmark S&P/ASX200 index was up 55.3 points at 6680.4 …
Step into line: Wall Street sets the positive trend Sydney Morning Herald
all 58 news articles »
Austock takes stock of a 16.7% kick start
FINANCIAL services company Austock Group hopes its healthy debut on the sharemarket will be vindicated by a roll-out in its property business in the second half of this financial year.
Once best known as a broking house, Austock now has a range of interests from life insurance and property fund management to pooled development funds investing in emerging companies.
Chief executive Tim Boyle said Austock aimed to gather at least half its revenue and profit from recurrent streams — rather than just stockbroking — within three years. “We’ve got a very strong corporate pipe and also we’ve got some strong prospects for property in the back end of 2008,” he said.
Having ushered dozens of floats and placements into the market since it was founded in 1991, Austock chose its own moment well yesterday, securing a strong premium.
Austock opened at $2.09, compared to the offer price of $1.80, and closed at $2.10, up 16.7%, or 30¢.
The offer follows the successful listing of rival Wilson HTM Investment Group earlier this year and comes ahead of the float of Bell Financial Group today.
Mr Boyle was reluctant to take too much credit for booking a premium at launch during a period of market volatility that has scuppered some floats and scared off others.
Last week, financial planning firm Storm Financial delayed a planned initial public offer, potentially worth almost $500 million, blaming global market turbulence for a lack of institutional support.
By contrast, Austock’s small raising — generating $10.8 million from its offer of 6 million shares — may have spurred after-market demand, Mr Boyle said.
‘The initial offer, together with more than 113 million shares already on issue, gave Austock a market value of $214.3 million upon listing.
Central Banks Fail To Calm Asian Stock Markets
FXstreet.com The Futures Market, Spain – 4 hours ago
Australia unemployment rate goes up: (AU NOV EMPLOYMENT CHANGE: 52.6KV 20.0K expected, prior revised to 5.4K from 12.9K; NOV UNEMPLOYMENT RATE: 4.5% V 4.3% …
Asian Stocks Fall for Second Day; Mitsubishi UFJ Leads Declines
Bloomberg – 3 hours ago
Woodside Petroleum, Australia’s second-largest oil producer, added 0.7 percent to A$47.85. Singapore Petroleum, the city’s only publicly traded refiner and …
Asian Stocks Rise in US Trading; Mitsubishi UFJ, Banks Climb Bloomberg
Japanese Stocks Rise on UBS Capital Plan, US Home Sales Bloomberg
Japanese Shares Drop After Bank of America Warns of More Losses Bloomberg
Australian Institute of Management corporate partnership
To enable leaders and managers the opportunity to increase their knowledge and skills, the Tax Office has corporate membership with the Australian Institute of Management (AIM). Our membership enables all 4,200 leaders and managers in the organisation access to:
- AIM Library
- AIM Bookshop
- short courses at member rates
- professional development forums at member rates, and
- AIM monthly events at member rates.
As AIM is a state-based organisation, each state has their own website advertising their products linking off from their main site. Leaders and managers are encouraged to access their state website to find out what development opportunities are available to assist in meeting their personal needs.
When contacting your state AIM office or registering for any AIM product, please advise that we are corporate members. Each state has a different corporate number. They are:
- NSW/ACT – A0056C2
- QLD/NT – 1003411
- WA – 542085
- VIC/TAS – 305781, and
- SA – 000320