Daily FNArena News - Australia
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CIC Deal A Band Aid Only For Goodman Group
Jun 17 2009
Goodman Group’s deal with China Investment Corporation doesn’t solve its refinancing issues and so brokers remain cautious on the company.
RBA Will Cut Again If Necessary
Jun 16 2009
The minutes of this month’s RBA meeting indicate the central bank is still in easing mode, despite rates remaining on hold at present.
Rights Issue Improves Asciano’s Financial Position
Jun 16 2009
Asciano intends to raise $2bn via a series of capital raisings and brokers see the outcome as reasonable.
Oz Retail Sales Set To Drop Sharply
Jun 15 2009
Westpac investigates the effects of government stimulus on retail sales.
Oz Housing Set For Sustained Recovery
Jun 15 2009
A new report by BIS Shrapnel suggests the Australian housing market is set to enter a period of sustained recovery in coming years.
There’s Still Plenty Of Oil In Oklahoma
Jun 11 2009
One Aussie oil junior is set to exploit the fact, but the market is yet to jump on board.
Oz Housing Finance Figures Continue To Improve
Jun 10 2009
April housing finance figures for Australia show investors have now joined first home buyers back into the market.
Leighton A Loser If Rio/BHP Tie-Up Goes Ahead
Jun 10 2009
Potential for BHP/Rio Tinto to move to an owner-operator system implies additional downside risk for contractors like Leighton Holdings.
Oz Consumer Sentiment Soars
Jun 10 2009
Positive news begets more positive news and this feeds into increased confidence. It worked for Australian consumers in June.
Pilbara Power
Jun 09 2009
Brokers have found little not to like about the new BHP-Rio deal, despite Rio’s rather large and heavily discounted rights issue.
