Daily FNArena News

That Australia has avoided a “technical” recession for now is cold comfort when one analyses the real picture.

According to Southern Cross Equities there is a chance CSL Will still win its battle to acquire Talecris.

See – it was all just a bad dream. First quarter GDP +0.4%. December quarter revised down from -0.5% to -0.6%.

Australia’s services sector activity is still contracting, but the pace has slowed down significantly.

The RBA is comfortable in doing nothing, but remains ready to act if and when necessary.

The RBA left the official cash rate at 3% at its June meeting.

M2 Communications is set to enjoy a significant boost in earnings from buying the small and medium-sized business assets of Commander.

PaperlinX has addressed its debt issues but at the same time management has indicated earnings remain under significant pressure.

Retail sales and company profits data for Australia were released today and the numbers haven’t changed economist expectations of a small fall in GDP in the March quarter.

Two surveys into China’s manufacturers generated a positive result for May.