Stock Market Opens Higher
Yesterday with the not-so-promising trading volumes, the Australian stock market closed on a low note with S&P/ASX200 down 11.0 points..
Business
ASX Chief Warns Against Competition
Regulators have to be more careful about clearing and settlement services, especially where competition is concerned, as the market remains..
ANZ Chief Rejects Abbott’s Push for Scrutiny on Foreign Investments
Mike Smith, the chief executive of ANZ, has rejected Tony Abbott’s push to have tougher rules on Chinese state-owned investments in..
CBA Reports Record Profits
The Commonwealth Bank of Australia has announced that the company has reaped a record $7.09 billion full-year profit. The development is..
GSK Gives Up Australian Rights
Leading pharmaceutical company GlaxoSmithKline has announced that it is selling the rights of many of its products in Australia to another..
Samsung Reaps More Sales of Smartphones
Samsung is making headway as it widened its lead over rival Apple. The South Korea-based company has sold more than 90.4 million mobile..
Qantas Steps Up Competition
Qantas is beefing up its operations to squeeze its competitors. The airline announced that it is resuming its Gold Coast service. This is..
Profit Reports Due This Week
The impact of natural disasters in Australia has raised havoc in the payment collection of banks. Many banks are considering reducing the..
Profits Rise for James Hardie
For the quarter ending June 30, James Hardie has achieved a net profit of $68.5 million US, marking in an improvement of the company’s..
Investors Disappointed Over NAB Profits
Investors are not so pleased about the June quarter report from the National Australia Bank (NAB), where the bank says that it has remained..
