It's Recession That's Scaring Commodities And The Aussie Dollar
After a longer than normal delay, commodity prices have entered a significant correction on the back of slumping global growth and a stronger $US.
Companies in the News
Australian Economy
Leighton Wants More to Finance Exploding Growth
Leighton Holdings is raising $700 million from shareholders and the market to finance expansion here, in India and Indonesia as the company's business order book hits a record $34 billion.
Stockland Battens Down The Hatches For Tough 2009
Stockland, the country's major housing developer, has told shareholders that the current 2009 financial year will be one to survive and forget: no growth, but more importantly it hopes no retreat or serious problems.
David Jones Says Its Prepared For Slow 2009
Just as reports from major banks like the Commonwealth, Westpac and St George have shown that investors fear about damage to earnings from the credit crunch and economic slowdown, so too investors in retail stocks should see some assurance in the upgraded 2008 profit guidance for department store group, David Jones.
Midday Market Roundup 14/08//08
The market is up 102 well ahead of the SFE Futures which suggested a 4 point fall this morning. Resources suddenly in favour having fallen 25.7% from the top on May 19th. Resources up 5.3%. Financials up 0.4%.
Asia Down as Japan Slumps, Australia Eases
Asian stockmarkets dropped yesterday, driving the region's main index to a two-year low, after Japan's economy contracted and companies reported weaker profit growth.
CBA Marked Down On Hazy Outlook
The Commonwealth Bank took a bit of a pounding from nervous investors yesterday, despite a solid full year result that saw earnings and the dividend lifted, despite the atrocious conditions in the last half.
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