Daily FNArena News

Is there another $4.5bn in write-downs to come? How will we know?

National Australia Bank’s September survey of business confidence levels shows further falls, with only the mining and health sectors positive about the short-term outlook.

As the US government passes its Fannie & Freddie rescue plan into law, the UK Treasury is preparing its own means of saving mortgages.

As the US second quarter earnings season nears its completion, the focus now swings to Australia and the first trickle of full/half year results from Downunder.

Newcrest is finally delivering on production expectations at Telfer and with new project to deliver a reserve upgrade broker remain positive on the stock.

Investors have been expecting ongoing shortages of coal, and thus further price rises, for years to come. New insights by GaveKal say reality may turn out to be different.

GUD Holdings delivered a result in line with expectations yesterday but with a tougher earnings outlook resulting in forecasts being cut ABN Amro has moved to a Sell on the stock.

Recently listed goldminer Alchemy has joined the growing breed of explorer/producers establishing proven cashflow projects in order to finance their belief in the big one.

In the view of Standard Chartered the US Dollar remains in a long-term downtrend and will fall further, though not before a sharp rally next year as central banks elsewhere look to stimulate growth.

The Australian banking sector has bounced hard, but there are all sorts of distractions, including a big one across the pond.