National Australia Bank’s hands were tied when it wrote down massive debts last week, writes Glenn Dyer.
Markets
Morning Market Report
The highs and lows from today’s sharemarket.
Banking rout continues: ANZ forecasts 25% drop
The news from ANZ and NAB are a major blow to the market’s confidence in the banking sector, writes Glenn Dyer.
Morning Market Report
The highs and lows from today’s sharemarket.
Morning Market Report
The highs and lows from today’s sharemarket.
Ultra-cheap retailers not immune from US economic gloom
Even retailers like Costco, who sell for a fraction above wholesale price, are feeling the pinch as consumers sdpend their money more carefully, writes Glenn Dyer.
Briefly Business: ABC, Gunns, Fuwa
ABC Learning proves the rule … Gunns back in the money … Busting Trust … Food and oil price rises take toll in Asia.
Inflation kicks on, but rates will hold
Australian interest rates will be on hold for a while longer after the headline Consumer Price Index rose 1.5% in the June quarter, writes Glenn Dyer.
Morning Market Report
The highs and lows from today’s sharemarket.
Dud directors: A Crikey list
The directorship of a public company is a great job if you can get it — good money, long lunches, and virtual immunity from sacking, as this list attests. By Adam Schwab.
Morning Market Report
The highs and lows from today’s sharemarket.
Finding winners in the Oxiana and Zinifex deal ain’t easy
The Oxiana-Zinifex deal shows again that the best interests of the company are not always in line with the best interests of shareholders, writes Adam Schwab.
A not so happy birthday for the credit crunch
While the credit crunch blows out the candles on its first birthday cake, two more voices of gloom have suggested we start planning a cake for its second, writes Glenn Dyer.
Businesses still feeling the inflationary pinch
The producer price index might have come it a bit lower than expected, but inflationary pressures continue to impact the broader economy, writes Glenn Dyer.
Oxiana should be humbled by shareholders this afternoon
It’s not quite as bad as the last HIH Insurance AGM, which started at 4pm in Redfern on the second last Friday before Christmas in 2001, but Oxiana Ltd will be hoping no-one notices what happens at the shareholder meeting which kicks off in Melbourne at 2.30pm this afternoon, writes Stephen Mayne.
Dead cat on Wall Street, not so bouncy
Glenn Dyer recaps last night’s Wall Street action.
Morning Market Report
The highs and lows from today’s sharemarket.
US market’s dead cat bounce: pick your breed
The US market might have rallied overnight, but the only question is when it will return to flatlining, writes Glenn Dyer.
Briefly Business: iPhone, $AU, Wal-Mart
iPhone: a tax on the stupid? … How, exactly, did Wal-Mart become the new Food and Drug Administration? … Mining your own neighbourhood for oil …
Resource boom hits rock bottom for zinc and nickel miners
Australian mines are set to be shut as the prices of zinc and nickel goes through the floor, writes Glenn Dyer.
The End Of The Age Of Oil
An analysis
Australia a vulnerable housing market? You bet your Fannie Mae it is.
Imagine what would happen if Australian banks had to value their mortgages at market value, writes Business Spectator’s Alan Kohler.
AWB troglodytes still fighting for the single desk
The board of former monopoly wheat marketer AWB Ltd has dramatically split, writes Stephen Mayne.
Briefly Business: Bill Express, Funtastic, John McCain
More bad news for newsagents … No fun and games here … Bad advice to a potential president … On banks.
Bank of Queensland suffering in New South Wales
For a combination of factors, bank of Queensland franchisees are suffering financial pain in in Sydney. From banking industry ezine The Sheet.
