News archive from 17 June 2013

Market set for small fall after large gain

Market set for small fall after large gain

The Australian share market is set to start the week down, after Wall Street suffered another fall on Friday. In New York, the Dow Jones ended last week with a 0.7 per cent fall on Friday to 15,070. In futures trade, the SPI 200 lost 0.5 per cent to...

ABC News, 09:04 in Business
 
ANZ, Macquarie Bank named in rate probe

ANZ, Macquarie Bank named in rate probe

ANZ Banking Group and Macquarie Bank will have to set aside up to $S300 million ($250 million) each after being caught up in Singapore's rate-rigging scandal. The ANZ yesterday also revealed two of its Singapore-based traders had to hand back bonuses...

 
Ford closure highlights car manufacturing industry's struggle for survival

Ford closure highlights car manufacturing industry's struggle for survival

A high dollar, cheap overseas labour and a global market are putting pressure on Australia's manufacturing sector, and the car industry represents the malaise in the sector like no other.There was a time when Australia had five car companies...

ABC News, 09:37 in Business
 

Markets Live: ASX set for soft start

9:42am: Evan Lucas at IG Markets notes that the ASX last week snapped a four-week losing streak after having the largest one-day rally in 18 months on Friday. In a note this morning, Mr Lucas says there are two key events that will set the tone on the...

 

Markets Live: ASX set for soft start

9:54am: An interesting note from Alex Moffat at Joseph Palmer & Sons, which will be watched closely by the iron ore miners. Mr Moffat notes: China plans to scrap its decade old iron ore import licensing system this year according to The Mining...

 

Markets Live: ASX set for soft start

9:56am: RBS Morgans senior trader Luke McElwaine says he expects the Australian share market to open weaker today after Friday's gains. "Volumes are light in general. The market strongly recovered Friday, but the US sold off on Friday night. I...

TheAge, 10:03 in Business
 
Australian women earn an average of 17.5% less than men

Australian women earn an average of 17.5% less than men

AUSTRALIAN women are paid on average 17.5 per cent less than men, a magazine investigation has revealed. Cleo reports today there is a double-digit discrepancy between the size of corporate pay cheques at some of Australia's biggest firms....

 

Newcrest eyed over disclosure

Newcrest shares have tumbled amid s gold price slide. Newcrest Mining is facing scrutiny from regulators about its disclosure of a possible $6 billion writedown after gold slid into a bear market. Newcrest, which flagged the charge on June 7 as it...

TheAge, 10:11 in Business
 
Newcrest eyed over disclosure

Newcrest eyed over disclosure

Newcrest Mining is facing scrutiny from regulators about its disclosure of a possible $6 billion writedown after gold slid into a bear market. Newcrest, which flagged the charge on June 7 as it halted some of its higher-cost gold mines, received a...

 

Markets Live: ASX slides early

10:08am: Early take - shares are down 0.4 per cent as markets open. Upvotes:0 Downvotes:0 Copy Link 10:05am: And while we're on the subject of gold, Australia's gold output fell 5 per cent in the first quarter on weather-related disruption and a...

 

Newcrest eyed over disclosure

Newcrest shares have tumbled amid s gold price slide. Newcrest Mining is facing scrutiny from regulators about its disclosure of a possible $6 billion writedown after gold slid into a bear market. Newcrest, which flagged the charge on June 7 as it...

 

Markets Live: ASX slides early

10:08am: Early take - shares are down 0.4 per cent as markets open. Upvotes:0 Downvotes:0 Copy Link 10:05am: And while we're on the subject of gold, Australia's gold output fell 5 per cent in the first quarter on weather-related disruption and a...

 

Markets Live: ASX slides early

10:08am: Early take - shares are down 0.4 per cent as markets open. Upvotes:0 Downvotes:0 Copy Link 10:05am: And while we're on the subject of gold, Australia's gold output fell 5 per cent in the first quarter on weather-related disruption and a...

TheAge, 10:17 in Business
 

Lend Lease shares dive after restructure proposal

Lend Lease shares plunged as much as 8.3 per cent in early trade, after the company announced a proposal to restructure its construction and infrastructure businesses and sell a stake in a Singapore shopping mall. Under the plan, Lend Lease would...

 

Lend Lease shares dive after restructure proposal

Lend Lease shares plunged as much as 8.3 per cent in early trade, after the company announced a proposal to restructure its construction and infrastructure businesses and sell a stake in a Singapore shopping mall. Under the plan, Lend Lease would...

 
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