Holden, Toyota commit to Australia for now

AAP The two car makers left standing following Ford's decision to get out have reaffirmed their commitment to Australia, for now at least. However the dominant view is that the Australian car manufacturing ...

Australian Markets

  • Aust stocks lower as $32b wiped off market AAP - 5 hours ago

    Australian stocks suffered their biggest one-day fall in two months as more than $32 billion was wiped from the value of the bourse. The four major banks and Telstra were the biggest losers as early falls ...

  • Stocks to watch at close on Thursday AAP - 6 hours ago

    Stocks to watch on the Australian stock exchange at close on Thursday: AAC - AUSTRALIAN AGRICULTURAL COMPANY LTD - down one cent at $1.10 Cattle farmer Australian Agricultural Company (AACo) is continuing ...

  • ASX sheds almost $30b, Japan slumps 7pc ABC - 7 hours ago

    The Australian dollar and share market both had heavy losses today, but nothing compared to Japan's 7 per cent slump. Tokyo's benchmark Nikkei index has endured its biggest one-day fall in two years, with ...

  • Aust stocks lower at noon AAP - 10 hours ago

    Australian stocks are lower at noon, with all the major sectors falling amid broad-based selling. The local market opened lower as investors took their cues from a weak finish on Wall Street after US Federal ...

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

    Stocks to watch on the Australian stock exchange at noon on Thursday: AAC - AUSTRALIAN AGRICULTURAL COMPANY LTD - down 2.00 cents, or 1.80 per cent, at $$1.09 Cattle farmer Australian Agricultural Company ...

  • MEO Australia Limited (ASX:MEO) Awarded Bonaparte Basin Exploration Permit WA-488-P ABN Newswire - 12 hours ago

    Melbourne, Australia, May 23, 2013 - (ABN Newswire) - MEO Australia Limited (ASX:MEO) (OTCQX:MEOAY) advises that it has has been awarded a new exploration permit, WA-488-P in the Bonaparte basin, as part ...

  • China's Lenovo sees 34 percent net profit jump AFP - 13 hours ago
    China's Lenovo sees 34 percent net profit jump

    Chinese computer maker Lenovo Group Thursday announced a jump in net profit for the financial year of 34 percent, despite the slowing PC market. Net profit for the financial year ended March 31 rose to ...

  • IMF chief grilled in Paris court over 2007 payout AFP - 13 hours ago
    IMF chief grilled in Paris court over 2007 payout

    French prosecutors were grilling IMF chief Christine Lagarde in a Paris court on Thursday to decide if she should be charged over a state payout to a disgraced tycoon during her time as finance minister. ...

  • Profit falls at James Hardie AAP - 13 hours ago
    Profit falls at James Hardie

    James Hardie's full year net profit has fallen significantly because of changes to its asbestos liabilities and the impact of legal battles with the tax office. The building products maker on Thursday ...

  • Are You Watching This Major Warning Sign For S&P 500 Top? DailyFX - 14 hours ago

    Are You Watching This Major Warning Sign For S&P 500 Top?

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  • $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

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Company Finances

  • Nick Cave to sing Barossa's praises ABC - 9 hours ago
    Nick Cave to sing Barossa's praises

    A $6 million tourism campaign has been launched to promote the Barossa Valley as the nation's top food and wine destination. The advertisement features a soundtrack by Australian singer Nick Cave and will ...

  • Nissan says to recall 841,000 cars over steering glitch AFP - 10 hours ago
    Nissan says to recall 841,000 cars over steering glitch

    Japan's number two carmaker Nissan said Thursday it would recall some 841,000 compact cars worldwide due to a steering wheel problem. The recall will cover the Micra, known as the March in some markets, ...

  • Nissan to recall 841,000 cars over steering glitch AFP - 13 hours ago
    Nissan to recall 841,000 cars over steering glitch

    Japan's number two carmaker Nissan said Thursday it would recall some 841,000 compact cars worldwide due to a steering wheel glitch. The recall will cover the Micra, known as the March in some markets, ...

  • Cars made in Brazil are deadly AAP - 13 hours ago

    The cars roll endlessly off the local assembly lines of the industry's biggest automakers, more than 10,000 a day, into the eager hands of Brazil's new middle class. The shiny new Fords, Fiats, and Chevrolets ...

  • Samsung sells more than 10 mn Galaxy S4 smartphones AFP - 17 hours ago
    Samsung sells more than 10 mn Galaxy S4 smartphones

    South Korea's Samsung Electronics said Thursday its latest flagship Galaxy S4 had become its fastest selling smartphone to date, topping 10 million units globally less than a month after its debut. A company ...

  • Ford to halt car production in Australia in 2016 AFP - 17 hours ago
    Ford to halt car production in Australia in 2016

    Ford announced Thursday it would cease making vehicles at its unprofitable Australian plants in 2016 and axe 1,200 jobs, ending an era that began in 1925 with the firm's first local car. Ford Australia ...

  • Exchange program lets chefs loose on farms ABC - Wed, May 22, 2013 10:34 AM AEST
    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 - Wed, May 22, 2013 7:05 AM AEST
    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 - Wed, May 22, 2013 2:08 AM AEST
    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 ...

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