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Jul 4, 2011

Australia Retail sales in surprise slump: The Australia Business Briefing.




 
Retail sales in surprise slump
retail sales shoppers Enda Curran RETAIL sales unexpectedly fell in May, denting the case for any near-term increase in interest rates by the Reserve Bank.
Stocks, $A trim early wins
ASX, shares, sharemarket, stocks, stockmarket AUSTRALIAN shares and the local dollar shed early gains after the latest spending figures disappointed investors.
Murchison revamps on Oakajee
Iron ore Sarah-Jane Tasker MURCHISON confirmed cost blowouts and delays at the Oakajee project today as it announced top-level board changes.
Tiger talks as Qantas, Virgin gain
110704 Tiger Airways, logo Ross Kelly AS Tiger Airways meets with the regulator for talks on the grounding of its fleet, Qantas and Virgin are set to win market-share.
IKEA price cuts in vogue
IKEA Jens Hansegard IKEA is not overly worried about higher commodity prices and will continue to cut prices this year and next.
China bears sharpen tools
China rare earths Peter Stein INVESTORS betting China will suffer a major slowdown are turning to commodities and the Australian dollar.
Painful restructure at Ten: Murdoch
Lachlan Murdoch Amanda Meade, James Chessell LACHLAN Murdoch has confirmed to Ten Network staff there will be a "painful restructure" across Ten and Eye Corp.
Asahi pays $188m for P&N stake
Asahi Hiroyuki Kachi ASAHI will pay $188 million for a key stake in P&N Beverages, Australia's third-biggest soft-drink maker by sales volume.
Financial Markets
Stocks, $A trim early wins
ASX, shares, sharemarket, stocks, stockmarket AUSTRALIAN shares and the local dollar shed early gains after the latest spending figures disappointed investors.
Retail sales in surprise slump
Airlines, IT lift sharemarket
Financial Markets Coverage
Mining & Energy
Murchison revamps on Oakajee
Iron ore Sarah-Jane Tasker MURCHISON confirmed cost blowouts and delays at the Oakajee project today as it announced top-level board changes.
Oakajee costs soar by a third
Karoon Gas confirms approval
More Mining & Energy

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