Daily FNArena News - Australia

Energy Resources of Australia has proposed additional capex to deal with excess water inventory issues, the news being greeted by earnings and valuation cuts by brokers.

The RBA has left its cash rate at 4.75% but has hinted of tightening to come.

A soft March quarter result from Asciano had been expected and the majority view among stockbrokers remains one of value on offer.

Consensus suggests FY11 was a year of gradual improvement for Macquarie Group, but there is still a long road ahead.

ResMed’s March quarter result has revealed revenue and margin pressures stemming from a strong Australian dollar.

The latest independent survey on price inflation in Australia shows opposing trends, leaving the RBA with further room to sit and wait.

Morgan Stanley warns that if emerging market economies, and China in particular, misread inflation, the consequences will not be pretty.

Macarthur has just posted its worst quarter since listing. Can it rebound?

A big jump in headline inflation and a not insignificant rise in core inflation has caught economists, and possibly the RBA, by surprise.

Confirmation of a sales agreement with Sinopec and a good price for the equity stake go a long way to de-risking Origin’s CSM LNG project in Queensland.