Myer boss fan of falling Aussie dollar

Myer boss fan of falling Aussie dollar

AAP Myer boss Bernie Brookes says he's a fan of the falling Australian dollar as it will have more benefits for the department store than downsides. After spending most of the past two years trading above ...

Australian Markets

  • Aust shares close lower AAP - 4 hours ago

    Australian stocks closed lower for a second consecutive day, dragged down by the banks and a surprisingly poor consumer sentiment report. The big four banks were trading positively until the release of ...

  • Stocks to watch at close on Wednesday AAP - 5 hours ago

    Stocks to watch on the Australian stock exchange at close on Wednesday: ABC - ADELAIDE BRIGHTON LTD - up one cent at $3.46 Cement and lime manufacturer Adelaide Brighton expects net profit in 2013 to be ...

  • Aust stocks weaken after consumer reading AAP - 9 hours ago

    Australian stocks are weaker after a gloomy consumer sentiment reading knocked the major banks. The big four banks were trading in positive territory for most of the morning but that changed after the ...

  • Stocks to watch at noon on Wednesday AAP - 10 hours ago

    Stocks to watch on the Australian stock exchange at noon on Wednesday: ABC - ADELAIDE BRIGHTON LTD - steady at $3.45 Adelaide Brighton holds its annual general meeting on Wednesday. BHP - BHP BILLITON ...

  • Vatican says 'credible' against money laundering AFP - 10 hours ago
    Vatican says 'credible' against money laundering

    The Vatican on Wednesday said it was a "credible partner" in the struggle against money laundering as it published its first-ever report on efforts to meet international rules on suspect financing. ...

  • Aust stocks open higher AAP - 11 hours ago

    The Australian stock market has opened firmer, with the big miners among the better performers in early trade. BHP and Rio have continued their recent run higher after touching multi-month lows in April ...

  • Sony board examines hedge fund spin-off plan AFP - 11 hours ago
    Sony board examines hedge fund spin-off plan

    Sony chief Kazuo Hirai said Wednesday the company was examining a hedge fund proposal to sell off part of its entertainment unit in a bid to boost profits in its core business. Hirai told a press conference ...

  • Leaving Bangladesh? Not an easy choice. AAP - 12 hours ago

    Bangladesh offers the global garment industry something unique: Millions of workers who quickly churn out huge amounts of well-made underwear, jeans and T-shirts for the lowest wages in the world. But ...

  • Peak Resources Limited (ASX:PEK) Produces First High Purity Rare Earth Products ABN Newswire - 13 hours ago

    Perth, Australia, May 22, 2013 - (ABN Newswire) - Peak Resources Limited (ASX:PEK) (OTCQX:PKRLY) is rapidly progressing the development of its 100% owned Ngualla Rare Earth Project in Tanzania. Ngualla ...

  • Stocks to watch early on Wednesday AAP - 15 hours ago

    Stocks to watch on the Australian stock exchange on Wednesday, May 22, 2013: NWS - NEWS CORPORATION - down nine cents at $33.89 NWSLV - NEWS CORPORATION NON-VOTING SHARES - down two cents at $33.77 News ...

More Stocks News »
  • $A rallies as commodites, stocks rise AAP - Fri, Apr 26, 2013 12:46 PM AEST

    The Australian dollar has risen to its highest point in a week as commodity prices and share markets rally. At 1200 AEST on Friday, the local unit was trading at 103.30 US cents, up from 102.46 cents on ...

  • Bank of Japan boosts economy, inflation view AFP - Fri, Apr 26, 2013 9:19 AM AEST
    Bank of Japan boosts economy, inflation view

    The Bank of Japan on Friday boosted its inflation and economic growth projections for the world's third-largest economy as it eyes an end to years of deflation. The semi-annual report, which came as the ...

  • Euro Stagnation Continues Despite the Equities Rally DailyFX - Wed, Apr 24, 2013 8:04 PM AEST

    Euro Stagnation Continues Despite the Equities Rally

  • Sheila Bair QandA: Protect borrowers and banks Bankrate.com - Wed, Apr 24, 2013 5:00 PM AEST

    Sheila Bair speaking before the National Press Club in 2011. Highlights of Bair's career 1981-1988: Research director, deputy counsel and counsel for U.S. Sen. Robert Dole, R-Kan. 1991-1995: Commissioner, ...

  • Reserve Bank to buy Chinese bonds for reserves ABC - Wed, Apr 24, 2013 4:45 PM AEST

    Australia's central bank is gearing up to invest a slice of its foreign currency reserves in Chinese government bonds. Speaking in Shanghai, RBA deputy Governor Philip Lowe said the bank has sought and ...

  • RBA to invest in Chinese yuan AAP - Wed, Apr 24, 2013 4:25 PM AEST

    The Reserve Bank of Australia plans to spend up to $2 billion on Chinese yuan as the currency gains increasing importance in financial markets. RBA deputy governor Dr Philip Lowe on Wednesday said the ...

  • QE won't lock in an inflationary surge AAP - Wed, Apr 24, 2013 12:28 PM AEST

    The only thing standing between "quantitative easing" of monetary policy in the developed economies and a surge in inflation is a bunch of bankers. Do a quick trawl around the internet and you'll ...

  • Aust bonds weaken as stocks rally AAP - Wed, Apr 24, 2013 9:27 AM AEST

    Australian bond futures prices are lower after most stock markets gained ground during the offshore session. "It's just following overseas movements. Stocks market overseas had a very good night and ...

  • $A bounces back from six-week low AAP - Wed, Apr 24, 2013 7:40 AM AEST

    The Australian dollar is higher after traders went bargain hunting when the currency fell to a six-week low. At 0700 AEST on Wednesday, the local unit was trading at 102.67 US cents, up from 102.33 cents ...

  • 2 Primary Pairs Teetering at Critical Levels DailyFX - Wed, Apr 24, 2013 1:47 AM AEST

    2 Primary Pairs Teetering at Critical Levels

More Bonds News »

Company Finances

  • Exchange program lets chefs loose on farms ABC - 11 hours ago
    Exchange program lets chefs loose on farms

    A pair of Italian chefs had no idea what went into growing the vegetables they cooked with until a recent stint working at an organic farm and orchard in South Australia. Dominque Sill and Anna Rier spent ...

  • Venezuela moves to relieve toilet paper shortage AFP - 15 hours ago
    Venezuela moves to relieve toilet paper shortage

    Venezuela's National Assembly approved a $79 million credit to import toilet paper and other personal hygiene products to relieve shortages in the petroleum-rich state. The South American OPEC member has ...

  • New Xbox One unveiled as home entertainment hub AFP - 20 hours ago
    New Xbox One unveiled as home entertainment hub

    Microsoft staked a claim to the Internet Age living room with an eagerly awaited new generation Xbox One console touted as a home entertainment hub that goes far beyond games. "Today, we put you at ...

  • Swan rules out changes to negative gearing AAP - Tue, May 21, 2013 11:18 AM AEST
    Swan rules out changes to negative gearing

    Federal Treasurer Wayne Swan has ruled out supporting any changes to the existing negative gearing arrangements. Shadow treasurer Joe Hockey has reportedly confirmed a coalition government's white paper ...

  • Burberry profits drop on exceptional charge AFP - Tue, May 21, 2013 9:20 AM AEST
    Burberry profits drop on exceptional charge

    British luxury clothing and accessories maker Burberry said on Tuesday that annual net profits fell 3.4 percent after it took a large exceptional charge. Earnings after tax slid to £254.3 million in 12 ...

  • Danone strikes deals to meet China's taste for yogurt AFP - Mon, May 20, 2013 3:29 PM AEST
    Danone strikes deals to meet China's taste for yogurt

    French food industry group Danone is ramping up its presence in the growing Chinese market for dairy products with two deals on Monday to tap sales of yogurt and health foods, the firm said on Monday. ...

  • Danone moves to satisfy Chinese taste for dairy AFP - Mon, May 20, 2013 9:57 AM AEST
    Danone moves to satisfy Chinese taste for dairy

    French food industry group Danone announced on Monday tie-ups in China with the aim of establishing a strong position amid growing demand for dairy products in the vast Chinese market. Danone, a world ...

  • Brand loyalty helps food firm out of pickle ABC - Mon, May 20, 2013 7:36 AM AEST
    Brand loyalty helps food firm out of pickle

    Food business Spring Gully is taking on extra staff to help cope with a boost in sales, as brand loyalty drives a financial revival. The South Australian pickles and spreads maker went into voluntary administration ...

  • China police billions spell profit opportunity AFP - Sun, May 19, 2013 7:25 AM AEST
    China police billions spell profit opportunity

    Mannequins in riot gear, armoured cars and drones line a police equipment and "anti-terrorism technology" trade fair in Beijing as vendors seek to profit from China's huge internal security budget. ...

  • Morocco to harness the wind in energy hunt AFP - Sat, May 18, 2013 11:19 AM AEST
    Morocco to harness the wind in energy hunt

    Morocco is ploughing ahead with a programme to boost wind energy production, particularly in the southern Tarfaya region, where Africa's largest wind farm is set to open in 2014. The kingdom, which has ...

More Consumer Goods News »
More Services News »