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Markets Live: Miners, banks sink ASX
2014-12-15 10:38:36| Telecom - Topix.net
Shares are still sharply lower, with resources and the banks causing most of the damage, ahead of a potentially confidence-sapping budget update from the Treasurer. Treasurer Joe Hockey has confirmed that the MYEFO mid-year budget update, scheduled for 12.30pm, has been postponed until further notice.
Markets Live: Mood sours on ASX
2014-12-05 03:10:52| Logistics - Topix.net
Selling is gaining pace on the local market, as the big banks and miners, along with energy stocks, all drop into the red, while Bradken soars on a takeover bid. Frustrated by the government's failure to charge GST on overseas goods bought online, retail veteran Solomon Lew will attempt to sidestep the charges placed on his company's products.
Markets Live: Dead cat bounce?
2014-12-02 23:51:03| Grocery - Topix.net
Investors are likely to tread warily this morning, despite a positive lead from Wall St, after commodity prices retreated again overnight and ahead of GDP data. Supermarket and liquor giant Woolworths has acquired a large alcoholic drinks distributor in China called Summergate , which also runs a wine subsidiary called Pudao Wines.
Markets Live: Oil slide hits ASX hard
2014-12-01 05:25:00| Grocery - Topix.net
There's no end to the savage slide in global oil prices, which is taking a huge toll on the local energy sector, while Metcash slumps on a poor earnings and the dollar plumbs new four-year lows. Oil prices are continuing to slide , with US crude falling more than $US2 to a five-year low today, while Brent futures have touched a fresh four-year low, extending a steep sell-off after OPEC decided not to cut production last week , keeping markets well supplied.
Markets Live: ASX slips on oil
2014-12-01 01:15:28| Grocery - Topix.net
The sharemarket has opened slightly lower, led down by energy stocks after another bruising session for global oil prices, while Metcash takes a beating over this morning's profit warning. Atlas Iron shares have dropped 85 per cent this year and the market says the company is now worth only $166 million, down from as much as $3.5 billion in 2008 and $1.1 billion at the start of this year .
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