Daily FNArena News

BHP Billiton has come out fighting and sweetened its 3 for 1 preliminary offer for Rio Tinto.

The RBA today raised the cash rate to 7.00%.

Dr Steve Keen reiterates his view that the RBA’s anti-inflation stance only exacerbates the real problem in Australia.

National Australia Bank’s latest quarterly survey of business conditions suggests while the outlook remains strong conditions have peaked.

New Zealand is suffering its own drought-like conditions and according to TD Securities this poses some downside risk for economic growth.

The accounting changes announcement that spooked the market yesterday is not so much of a problem. Mortgage security downgrades might be, however.

Australia’s trade deficit narrowed in December but economists don’t expect the trend to last and see the outcome as having no impact on the RBA with respect to interest rates.

Is Commonwealth Bank trying to hide something?

BIS Shrapnel’s latest report into construction activity in Australia suggests while a mild downturn is likely short-term new projects and the need to address under-investment means a solid long-term outlook.

The best thing about ERA’s result is it appears the sea-anchor of legacy contract pricing is slowly being hauled in.