Miners upbeat after tough times
Gina Rinehart (right), with her daughter Ginia, warns that the greatest challenge for Australia's mining industry today is "onerous and expensive" government regulation. Photo: Philip Gostelow Australian mining leaders believe commodity prices have bottomed out despite ongoing tough conditions but iron ore magnate Gina Rinehart warns the industry faces another threat.For the first time in three years, the mining industry has an upbeat outlook, with 43 per ce..>> view originalRio Tinto restructures executive team
NSW Budget winners and losers
NSW to post $3.4 billion budget surplus1:42NSW Treasurer Gladys Berejiklian says the state will post a $3.4 billion budget surplus this financial year An online dog and cat register will be created.IN A State Budget that achieves a surplus while rolling out major infrastructure projects, there are always going to be winners and losers. We’ve travelled through the Budget papers to work out who will be cheering, and who’s been left out in the cold.WINNERSWestiesSydney’s booming western suburbs wi..>> view originalRBA cash rate 'still high' by global standards
Mr Cormann attacked the previous Labor government's fiscal settings, which he implied helped keep the dollar too high for too long. Sean Davey Finance Minister Mathias Cormann has described Australia's record-low official cash rate as "high" by global standards and suggested governments should deliver budget policies that help create lower borrowing costs to spur economic growth.Speaking as the Reserve Bank of Australia released the minutes of ..>> view originalCampaign catchup: negative gearing sends Morrison into overdrive
How are we to define this longest of campaigns on the shortest of days but with two little words: “Negative gearing”. The hot-button issue was back in the headlines on winter solstice after the Australian published independent modelling of Bill Shorten’s crackdown that shows it will cut housing prices by an average of 4% nationwide. The analysis found property investors would be worse off by $20,000 over a decade on a $500,000 property, with Labor’s proposed changes to negative gearing and capi..>> view originalA wrong turn for China could lead to economic stagnation
China is at a crossroads where a wrong turn could lead to economic stagnation, says the chief China economist for Citigroup.Li-Gang Liu says without much-needed debt restructuring and privatisation of the state-owned enterprises that dominate the country's stock exchanges, China would simply "muddle through", relying on growth to pay down corporate debt until the economy stalled.The alternative involved stake sales to employees and domestic retail and foreign institutional investors to clean up..>> view originalASX posts gain in market calm ahead of Brexit vote
The healthcare sector was one of the best performers on the ASX on Tuesday, regaining Monday's lost ground. Photo: James Davies The Australian sharemarket scratched out a gain on Tuesday as market participants position themselves ahead of Thursday's Brexit vote but it was a day of mixed fortunes for the top 200 stocks.An early strong start spluttered in early afternoon trade before recovering to an 18 point or 0.3 per cent gain in the S&P/ASX 200 index to 527..>> view originalRupert Murdoch's News Corp buys APN regional papers for $37 million
APN chief Ciaran Davis said the remaining radio and outdoor media were terrific for advertisers. Photo: Louie Douvis APN News & Media has sold its regional newspaper business to its own shareholder, News Corp, for $36.6 million. However, major shareholders have expressed surprised at the price, given it was only two times annual earnings. APN's shares reached $4.90 on the news and closed at $4.75. APN recently completed a share consolidation that reduced the ..>> view originalASIC says music streamer Guvera could seek another exchange
ASIC Commissioner John Price The Australian Securities and Investments Commission says there is nothing to stop music streaming group Guvera from seeking a listing on a different exchange in Australia such as the NSX or Sydney Stock Exchange.In an interview with The Australian Financial Review, ASIC commissioner John Price said: "They could seek listing on a different venue, that is correct. "Obviously, that may well entail some disclosure changes beca..>> view originalAustralian consumer confidence is surging
Australian consumer confidence is at the highest level seen since November 2013. The latest ANZ-Roy Morgan consumer confidence index surged by 2.1% last week, leaving the index at a 2.5-year high of 118.8. It is now well above the series long-run average of 112.8, and provides an optimistic outlook for household spending in the months ahead. The chart below shows movements in the index over the past four years. Given recent financial market volatility and the upcoming federal election, the sur..>> view original
Tuesday, June 21, 2016
Miners upbeat after tough times and other top stories.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment