Markets Live: Gold shares smashed
That's all for today - thanks for reading this blog and posting your comments. We'll be back at the usual time tomorrow, around 9am. Have a good evening. Chicago Federal Reserve Bank president Charles Evans would be "fine" with raising US interest rates by year's end if economic data continued to come in firm, though any further moves would need to see inflation accelerating. "I have a forecast where things continue to improve. I do think there will be a rate increase," Evans said after a spee..>> view originalInternational retailers seeking 1800 shops: CBRE
Swedish retailer H&M are among the international brands expanding in Australia. Demand from international retailers could absorb the entire new supply of retail space coming on to the market in the major CBD strips and malls over the next five years, according to a new report by CBRE.Its latest Pacific Retail Report forecasts 1.6 million square metres of retail space – about 1800 stores – could be required by international retailers over this period."I..>> view originalNews Corp Australia buys racing publisher punters.com.au
News Corp Australia has acquired digital racing publisher punters.com.au for an undisclosed sum. punters-com. According to News Corp, Punters.com.au averages a monthly audience “of more than 375,000”. Founded in 2008 as a blog, Punters.com.au now ...>> view originalAustralian household debt could be holding us back
Australian retailers received some welcome news today with the ABS reporting a healthy lift in retail sales of 0.43% in August. It was the largest percentage increase since October last year, and a welcome reprieve following paltry gains of 0.12%, 0.08% and 0.01% in the previous three months. However, even forgiving some statistical quirks in the seasonally-adjusted figures surrounding department stores sales, the healthy headline increase did little to address the overall trend in sales. As th..>> view originalBHP upbeat about oil, gas rebound
Hard on the heels of OPEC's move to limit oil production, BHP Billiton has underscored its upbeat view on the outlook for oil and gas, as it argues the market is set to move back into balance in 2017, with demand set to exceed global supply.At the same time, the US is facing steep declines in oil output which has fallen by 1 million barrels a day from its April 2015 peak. It needs output to return to around 9 million barrels a day by the end of 2017 to balance the market, it said. The comp..>> view originalFIRB boss shelves controversial plans to take advisory role at private equity company
FIRB boss shelves controversial plans to take advisory role at private equity company Posted October 05, 2016 18:06:11 Foreign Investment Review Board chairman Brian Wilson has shelved controversial plans to take an advisory role with a global private equity company to avoid a perceived conflict of interest.In a statement released this afternoon, Mr Wilson said he would suspend his proposed role with the Carlyle Group "to ensure there can be no question as to the inte..>> view original
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