Daily FNArena News - Australia
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FNArena Alert: RBA Raises Cash Rate
Oct 06 2009
The RBA today lifted its cash rate to 3.25%.
Site Visit Confirms Positive Views On Equinox
Oct 06 2009
Brokers have visited the Lumwana copper project of Equinox Minerals to check on progress.
Oz Job Ads Higher In September
Oct 05 2009
The ANZ Job Ads Series recorded an increase in September for both newspaper and internet ads.
Inflation Still Not A Threat To Australian Economy
Oct 02 2009
Inflation is not likely to pressure the RBA into lifting rates next week, The Melbourne Institute Monthly Inflation Gauge suggests.
Campbell Brothers Raises Funds To Finance Growth
Oct 02 2009
Campbell Brothers rights issue might be dilutive, but brokers see the upside.
Fortescue Not Dealing From A Position Of Strength
Oct 01 2009
Fortescue Metals did not met the deadline for a financing package from its Chinese backers.
Oz Retail Sales Data Suggest Economic Recovery Is Continuing
Sep 30 2009
Australian retail sales rose in August and economists see the data as adding weight to the view the economic recovery is continuing.
Woolies Heading To Hardware Hell?
Sep 30 2009
One broker believes Woolworths’ move into hardware will only result in destruction of shareholder value.
Merrills Sees Value and Growth In Bradken
Sep 30 2009
Merrills initiates coverage on Bradken with a Buy rating, seeing good value at current levels given a solid earnings growth outlook.
A Long Wait For Nufarm
Sep 29 2009
Brokers see a Nufarm takeover by Sinochem as a longwinded process.
