Top business news

Online share trading’s popularity grows
MAY 22, 2013
The recently released ASX Australian Share Ownership Study provides a number of interesting insights into share ownership and behaviour amongst retail investors.
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ASX, ANZ, CBA, BFG, HTM, WAM
Are we the world’s most investment savvy country?
MAY 22, 2013
Among the findings in the 2012 ASX Share Ownership Survey, which was released yesterday, was the revelation that Australia is one of the world’s most investment savvy countries just behind Hong Kong.
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ASX, BHP, RIO, TLS
Myer sales growth slows
MAY 22, 2013
Department store owner Myer Holdings (ASX: MYR) has reported a slight rise in sales for the quarter to March 31, and remains cautious about the outlook for retail trading.
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ASX, DJS, WES, WOW, KMD, MYR
Share investors more cautious
MAY 22, 2013
Investors may be investing smaller amounts, but since the GFC they are more cautious about where their money is put.
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ASX, TLS, WES, WBC
Aust bonds slightly weaker
MAY 22, 2013
The Australian bond market opened slighlty weaker despite US Treasuries gaining ground overnight.
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$490 million Santos project ahead of schedule
MAY 22, 2013
Santos (ASX: STO) announced (link opens in PDF) this week that its $490 million oil project is anything but oozing. The Fletcher Finucane project is located in the Carnarvon Basin offshore Western Australia, and has delivered its first oil ahead of schedule.
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ASX, STO, WPL
AGL apologizes for knocking on your door
MAY 22, 2013
AGL (ASX: AGL) released a statement yesterday outlining the final ruling on an Australian Consumer Law case that fined AGL for using door-to-door salespeople that engaged in “conduct that was misleading, deceptive or likely to mislead or deceive.”
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ASX
Myer posts another small rise in sales
MAY 22, 2013
Sales at Myer increased slightly in the three months to April, as the company says it is cautious about the outlook for the retail sector.
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JPMorgan keeps Dimon as chairman, CEO
MAY 22, 2013
JPMorgan Chase shareholders have endorsed chief executive Jamie Dimon to remain chairman but several risk committee members are under fire.
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Coalition questions treasury forecasts
MAY 22, 2013
Shadow assistant treasurer Mathias Cormann says some of the Treasury's budget forecasts would be different if the department was "left to its own devices".
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