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| Commonwealth, David Jones Rise |
| May 08, 6:21 PM EDT
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| David Jones reported third quarter sales rise 3.8% and same store sales in the period rose 2.3% from a year ago. |
Commonwealth Bank of Australia surged 4% after the bank said it no longer needs additional capital. Recently the bank completed the $15.6 billion of wholesale funding. The news lifted stocks of other banks and helped ASX 200 to close higher. National Australia Bank Ltd, which reports its interim results on Friday, gained 1.6%, ANZ stock shed 0.6% and Westpac rose 3.6%. The troubled mall real estate operator Centro Retail obtained debt extension till the end of the year on additonal guarantees.
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• Perilya and CBH Merge, ASX Up 1.2%
• Leighton Surges, NAB Hikes Rates
• Lihir and Equigold Merge, ASX Down
• Asian Markets Rally, Dollar Gains
• Australia Fell on Bear Stearns Fire
• Australian Stocks Rise on Liquidity
• Australian Stocks Fall
• Nufarm Raises $200 M, NAB Hikes Rat
• Tasman in Deal with JBS, ABC Sells
• Rates at 7.25%, Trade Deficit Jumps
• Australia Falls 3%; Zinifex, Oxiana
• Woolworths and Westfield Earnings R
• Austrlian Stocks Rise
• Zinifex, Wesfarmers Rise 7%
• Earnings Decline Hurt Stocks
• Resource Pacific Accepts Xstrata Of
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RBA: Monetary Policy Statement
May 09, 9:45 AM EDT |
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| While global growth prospects have softened since last year, inflation remains a concern in many countries. |
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Inflation in Australia picked up over the past year in an environment of limited spare capacity and earlier strong demand. In these circumstances, a significant slowing in the growth of demand from the rapid pace of 2007 will be needed in order to return inflation to the target over time. There are signs that such moderation is now occurring. |
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Jobless Rate Rises to 4.2%
May 08, 7:44 AM EDT |
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Australian Retail Sales Gain 0.5% in March
May 02, 7:41 AM EDT |
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Australian Building Approvals Drop 5.7% in March
May 01, 8:14 AM EDT |
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Australia's CPI up 1.3% in Q1
Apr 23, 8:23 AM EDT |
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Australia's PPI Rises 1.9% in Q1
Apr 21, 9:03 AM EDT |
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Australia Exports Rise 3.5% in Q1
Apr 18, 8:41 AM EDT |
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RBA Holds Rate Unchanged at 7.25%
Apr 15, 7:47 AM EDT |
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Australian Jobless Rate Rises to 4.1% in March
Apr 10, 9:34 AM EDT |
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RBA: Australian GDP Expands by 4% in 2007
Apr 04, 2:30 PM EDT |
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Australia's Retail Sales Drop 0.1% in February
Apr 04, 8:46 AM EDT |
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Woolworths 1H Earnings Rise 28%
Feb 27, 7:43 PM EST |
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| Woolworths earnings rise reflects company's drive to lower cost, open new stores, and stronger economic environment. |
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The largest Australian retailer reported fiscal 2008 first half sales rise of 8.6% and earnings gain of 28%. Sales increased to $24 billion and earnings rose to $891.3 million. Woolworths declared an interim dividend of 44 cents, up from 35 cents in the first half of fiscal 2007. The company guided fiscal 2008 profit increase between 19% and 23%. |
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