THE share market finished November on a positive note, buoyed by bargain hunters snapping up shares in BHP Billiton and Rio Tinto, two days after the $100 billion takeover dissolved.
Archive for November, 2008
GEOFF Dixon has retired as Qantas CEO but not before feeling the ire of shareholders outraged over his $12.2m package.
OIL prices fell slightly in quiet Asian trade today, the day before an OPEC cartel meeting which has given traders hope that plunging crude prices may be nearing the bottom, analysts said.
LOW cost carrier Virgin Blue has deferred some capital expenditure for the fiscal 2009 year due to challenging conditions in aviation markets and said it has no need to raise fresh capital.
THE dollar was firmer at noon as a healthy local share market encouraged foreign investors to buy the currency.
THE share market remained strong at noon, extending the morning’s positive open, following gains in European stocks.
MACQUARIE Group and Goodman chairman David Clarke has cancer and will take a leave of absence from both companies while his illness is treated.
QANTAS says it has seen a decline in travel demand over past weeks, especially in international markets.
BHP Billiton has emerged from its decision to dump a $100 billion-plus takeover for rival Rio Tinto with “buy” recommendations from analysts.
THE share market has opened higher for a second day after European stocks gained as investors were heartened by government efforts to boost the global economy.
