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Economics

Less mergers this year: IRESS

AAP  |  TUESDAY, 20 APR 2004
Financial market information software group IRESS Market Technology is expecting to see less mergers and rationalisation in the industry this year.

Building work jumps in December quarter: ABS

AAP  |  MONDAY, 19 APR 2004
Building activity jumped almost 6% in the December quarter to the second highest level on record, new figures showed today.

Super Cheap Auto gears up for IPO

AAP  |  FRIDAY, 16 APR 2004
Automotive parts and accessories retailer Super Cheap Auto said today it was gearing up for a float on the Australian Stock Exchange.

Asia-Pacific set for strong 2004

AAP  |  FRIDAY, 16 APR 2004
The resilience shown by Asia-Pacific economies in the past year is set to continue in 2004.

Australian small cap stocks rise 4.7%

Australian small cap stocks rose 4.7% in the first quarter of 2004, outperforming both the All Ordinaries Index and the S&P/ASX 200 Index, according to stockbroking firm Intersuisse.

Loans to property investors continue to fall: ABS

AAP  |  THURSDAY, 15 APR 2004
New loans to property investors fell for the fourth month in a row, new figures showed today, dropping 3.7% in February.

Macfarlane expects interest rate differential with US to narrow

AAP  |  THURSDAY, 15 APR 2004
Reserve Bank of Australia governor Ian Macfarlane said last night that the gap between Australian and US interest rates would narrow over the next six to 12 months.

A$ drops against greenback

AAP  |  WEDNESDAY, 14 APR 2004
The Australian dollar gave up one US cent overnight after the US dollar rallied against the major currencies on stronger than expected economic data.

Market Wrap

AAP  |  WEDNESDAY, 14 APR 2004
In Sydney today, the Australian share market is likely to fall sharply, after Wall St tumbled on concerns a robust retail report could prompt the Federal Reserve to hike interest rates sooner than expected.

IPOs rebound in first quarter

Initial public offerings (IPOs) rebounded in the first three months of this year from a dearth a year earlier, putting them on course to challenge the record number for the 12 months to June 30 set during the dotcom boom of 1999-2000, a survey this month ...