Metcash's Solid Gain
In the last two and a bit weeks Australia's third retailer, Metcash, has seen a significant improvement in its share price: up nearly 50 cents from a 52 week low of $3.61 reached on August 21.
Companies in the News
Australian Economy
Behind The Rate Cut
The RBA kicked off an easing cycle with this week's 0.25% cut in the cash rate to 7%.
EXCELLENCE IN MINING - Cementing Links Between China and Australia
Building investment links between Chinese companies and Australia will be the basis of a presentation by Tsinghua Tongfang Company (THTF)(SHA:600100) deputy general manager for Australia, Eddy Wu, during next month's Excellence in Mining and Exploration conference.
Midday Market Roundup 04/09/2008
The market is down 40. The SFE Futures suggested an unchanged market this morning. All sectors bar the discretionary sector are down. Resources and energy down 1.3% and 1.7% following the US's downward lead overnight. Property down 1.3%. Financials down 0.5% despite the rise in financials on Wall Street.
Commodities Slump Grows
The downturn in commodities since the middle of July has been pretty vicious and this week it seemed to be made more tense by the way the market fell across the board as Hurricane Gustav squibbed it and didn't prove to be the major destroying storm that many had feared.
Growth Slows, But No Recession
For all the speculation, the June quarter and 2008 growth figures were a bit underwhelming.
Asian Turmoil Continues
Talk of intervention in foreign exchange markets by a group of Asian central banks as the unrest in Thailand continued and the South Korean won fell to new four year lows.
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