Blog Profile / Business Spectator

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Archived Since:August 31, 2011

Blog Post Archive

Market turbulence will test the Fed’s resolve

Global monetary policies since the crisis have created significant vulnerabilities within the global economy and there is no painless way for central bankers to extricate themselves from the situation.

Aust stocks 2.2% lower at noon

Local market declines accelerate as banks take a hit amid global jitters.

Big trouble looms for the banks

Markets are panicking about the banking industry’s exposure to energy and emerging market loans — and it’s set to get worse.

Global woes yet to dent business confidence

Business confidence has held up reasonably well in the face of global financial turmoil: NAB.

Cash Converters turns to Fortress

Fortress Investment Group to provide banking services for payday lending group after Westpac exits.

Alacer FY profit falls 29%

Gold miner sees production slip 10% in calendar year but delivers on cost and operating targets.

Bloomberg considering run for president

Michael Bloomberg tells Financial Times he is considering run for US president in 2016.

Ferrovial reconsiders Broadspectrum bid

Spanish firm to mull options after govt offers one-year detention centre contract extension.

Newcrest worker trapped underground

Employee believed trapped underground at Indonesian Gosowong mine after ‘geotechnical event’; operations suspended.

Aust stocks slump 1.6% at open

Local market declines in early trade amid renewed concerns over global economic growth.

Consumer confidence fairly flat: ANZ

Australians slightly less concerned about global economy, but wary on spending more.

BoQ plans overhaul to cut costs

Bank of Queensland will invest $15m in program to improve company operations.

Nick Scali lifts first-half profit 41%

Furniture retailer sees profit and sales lift after adding two new stores; boosts dividend by 30%.

Xero’s evolution on cloud nine

As Xero Australia welcomes its new managing director the company’s erstwhile chief Chris Ridd is supremely confident.

Wall Street closes weaker

Investors switch from stocks into bonds, gold; banks, energy worst hit as worries over growth persist.

SCA plans further acquisitions

Shopping centres group posts weaker interim profit, revenues increase.

Make decision on minister, Shorten says

Labor ramps up pressure on Turnbull to make decision about future of Stuart Robert.

Scoreboard: Global sell-off

Concerns over global growth sparked heavy selling on both sides of the Atlantic, while oil prices plunged.

Iron ore unchanged overnight

Traders take a break for the Chinese New Year holiday; miners move moderately in London.

Gold price hits 7-month high

Gold jumps 2 per cent to seven-and-a-half-month high as investors choose safe havens

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