ASX posts sixth week of gains despite US uncertainty
The benchmark S&P/ASX 200 index managed to close 0.4 per cent higher for the week. Photo: Rob Homer Australian shares recorded their sixth straight week of gains, even as American shares fell to their lowest since March on growing concerns that the US Federal Reserve will raise interest rates as early as June.Although falling short of last week's highs above 5400, the benchmark S&P/ASX 200 index nevertheless managed to increase 0.5 per cent on Friday and 0.4..>> view originalDavid Jones snaps up Myer space at Wollongong
David Jones is to open a new department store in Wollongong Central to replace Myer Photo: supplied David Jones is to lease the space being vacated by Myer at Wollongong Central, in the Illawarra, as part of the group's roll out of its new concept stores.Myer has decided not to renew the lease at Wollongong and another at Orange as part of its recently-announced strategy to consolidate its store network.It will extend David Jones' footprint in the area, with ..>> view originalWA's own Gage Roads Brewing Co takes top gong at Australian International Beer Awards
WA's own Gage Roads Brewing Co has taken out the top prize at the 2016 Australian International Beer Awards held in Melbourne on Thursday night.The Palmyra-based brewing juggernaut won the award for Champion Australian Beer for its pale ale Little Dove, as well as Best New World Style Pale Ale. Gage Roads Brewing Co awarded Champion Australian Beer for their pale ale, Little Dove. Photo: Gage Roads Brewing Co Gage Roads brewing manager Dirk Penny said everyone at Gage Roads was stoked to..>> view originalPNG links pay off for Oil Search's Peter Botten
Oil Search chief Peter Botten. David Rowe Oil Search chief executive Peter Botten jokes it was "pure serendipity" that Woodside Petroleum was holding its annual pow-wow with shareholders on the same day he announced the most important deal of his career.Woodside had to juggle its presentations to give distracted investors and analysts covering the sector time to tune into details of Oil Search's transformational $3 billion takeover of US-list..>> view originalDairy farmers' $1.5m assistance package announced in wake of milk price cuts
Dairy farmers' $1.5m assistance package announced in wake of milk price cuts Updated May 20, 2016 19:39:34 The Victorian Government has announced a $1.5 million assistance package for dairy farmers who are struggling with sudden cuts to farm gate milk prices.More than $900,000 will go towards extra counselling services and Lifeline funding.The will also be more than $300,000 in grants for affected communities so they can better help people in emotional and financial str..>> view originalRose-tinted budget outlook does neither party any favours
Although Treasurer Scott Morrison released his first budget little more than a fortnight ago, a lot can change in two weeks - and it has. Andrew Meares by John Daley Whichever party wins this federal election faces an immense budget challenge. Yesterday's release of the Pre-Election Budget Outlook (PEFO) was a missed opportunity to remind our political leaders of this fact. Instead of using recent weak data that hav..>> view original
Friday, May 20, 2016
ASX posts sixth week of gains despite US uncertainty and other top stories.
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