News archive from 27 April 2013

Woodside move may yet pay dividends for BHP and Rio

All three big resources companies have recently installed new management who are emphasising cost cutting. Woodside Petroleum was up 9.7 per cent last Tuesday after announcing a special dividend that pretty much doubled its final dividend and set an...

 

Spain begs time to fix finances, eyes growth

Spain forecast Friday it would climb out of its bitter recession in 2014 but needed two extra years to meet the European Union's target for reining in its public deficit. It announced its latest gloomy growth forecast for the current year along with a...

 

Daimler puts dent in German stability

Car manufacturer Daimler is caught in the cross-hairs of a glum economic forecast. Photo: Reuters No company symbolises German industrial might like Daimler, the giant manufacturer of Mercedes-Benz cars and trucks. So when the company said this week...

 

Farm profits depart as locals sit on sidelines

Prospects for wheat and other agricultural commodities look healthy. Photo: Tamara Voninski Asked why foreign groups thought Australian agribusiness groups were worth buying when locals evidently did not, GrainCorp chairman Don Taylor said first that...

 
Woodside move may yet pay dividends for BHP and Rio

Woodside move may yet pay dividends for BHP and Rio

Woodside Petroleum was up 9.7 per cent last Tuesday after announcing a special dividend that pretty much doubled its final dividend and set an interesting precedent for BHP and Rio Tinto. They will now be wondering whether to do the same, whether to...

 

Spain begs time to fix finances, eyes growth

Spain forecast Friday it would climb out of its bitter recession in 2014 but needed two extra years to meet the European Union's target for reining in its public deficit. It announced its latest gloomy growth forecast for the current year along with a...

 
Daimler puts dent in German stability

Daimler puts dent in German stability

No company symbolises German industrial might like Daimler, the giant manufacturer of Mercedes-Benz cars and trucks. So when the company said this week that it had finally been caught in the downdraft of the European economic crisis, it was an ominous...

 
Farm profits depart as locals sit on sidelines

Farm profits depart as locals sit on sidelines

Asked why foreign groups thought Australian agribusiness groups were worth buying when locals evidently did not, GrainCorp chairman Don Taylor said first that it was a discussion for another day. He was fronting the media to report that six months...

 

Farm profits depart as locals sit on sidelines

Prospects for wheat and other agricultural commodities look healthy. Photo: Tamara Voninski Asked why foreign groups thought Australian agribusiness groups were worth buying when locals evidently did not, GrainCorp chairman Don Taylor said first that...

TheAge, 09:12 in Business
 

Bubble trouble could emerge

At the end of March Cromwell executive director Paul Weightman signalled his group's intention to sell a number of assets and reduce its debt levels in anticipation of an asset price bubble building. Weightman cited the disconnect between poor market...

 

Now it's good to go south

The rivalry has led to a sharp fall in available space for traditional office/warehouse assets that have sustained the area's sea, air and road transport hubs. According to agents, suburbs south of the CBD are also on the radar of cashed-up...

 

Spain's only hope is to abandon the euro

The country is losing 3581 jobs a day. There are 1.9 million households where no member of the family has a job. The unemployment rate has reached 36.8 per cent in Andalusia, Spain's most populous region. The rate of unemployed youth is 57.2 per cent,...

 

Golden week ends on deflationary note

Local goldminers were back in favour as gold prices rebounded from recent lows. The price of gold has now recovered half of its recent losses, closing the week near $US1473 an ounce. The major banks were in strong demand for most of the week, all...

 
Farm profits depart as locals sit on sidelines

Farm profits depart as locals sit on sidelines

Asked why foreign groups thought Australian agribusiness groups were worth buying when locals evidently did not, GrainCorp chairman Don Taylor said first that it was a discussion for another day. He was fronting the media to report that six months...

 

Boom for regional stays

Fear of safety in some countries and limited holidays has seen the number of tourists loading up the family car instead of boarding a plane rise in the past year. While the competition between airlines has seen a boom in good airfare deals, the recent...

 
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