Article Archive for November 2009
Dubai World debt moratorium issues sparked fears of sovereign defaults similar to Argentina’s from 2001 and sent global stock markets into a tizzy. The ASX lost 2.9% Friday and all four of Australia’s major banks …
Tuesday, 24 November: iiNet (IIN) reported 67% higher revenue and 29% higher net profit in FY 2008–2009. However, Australia’s third-largest ISP company is embroiled in copyright litigation. Its most recent high of 2.38, set 9 …
Australian October jobs data pleasantly surprised although the details remain worrisome, with most jobs gained being part-time and the unemployment rate rising to 5.8%. Next week’s wages data should guide inflation expectations and subsequent RBA …
The RBA raised interest rates for the second consecutive month, to 3.5%, and boosted 2009 and 2010 GDP forecasts. The trade deficit, although not as bad as feared, nevertheless hit an 18-month high, with exports …
Packaging group Amcor Ltd is based in Australia but has arms also in New Zealand, Asia, Europe, North America, and Latin America, with manufacturing operations in 40 nations. The company is one of the world’s …
So far this earnings season, investors have been unimpressed with most reporting companies’ revenue and guidance. Such disappointments are contributing to the current round of risk aversion rocking equities.
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