It has been reported that Australian stock market, after showing some signs of recovery, is once again falling down.
Everything was going well till Wednesday noon but after that the S&P/ASX 200 slid to 23.2 points. On the other hand, the Ordinaries Index also fell to 22.8 points to 4,276.9, which was earlier 4,282.
Even working with the prudence, it seems that the stock market failed to save itself.
Australia's biggest corporate grain grower, AACL, is reported to have undergone a pre-purchase deal with marketer Glencore in relation to its approaching harvest.
A $50 million agreement with Co-operative Bulk Handling witnessed failure three weeks ago, and AACL was forced to look for alternate sources of funding.
AACL and Glencore will consequently conglomerate to market the 2010 season grain.
The Chamber of Mines and Energy is reported to have claimed that it could take a long period to witness whether OneSteel's Whyalla steelworks in South Australia will be made practicable as per federal mining resources rent tax.
Harvey Norman Holdings is revealed to fork out a cheque for more than $55 million today in a view to placate its failed takeover of 30 plus stores in the Clive Peeters retail chain.
Bankwest’s First Time Buyer Deposit Report 2010 has outlined that first home buyers across Bunbury require an average 3.5 years to save 20% of their home loan deposit.
The report, released yesterday, depicted that it was taking a lot of time for first home buyers to save for a home compared to the same period last year.
A Bell Block vegetable grower and a former New Plymouth supermarket owner have claimed that supermarket fruit and vegetable prices could be appropriate, claiming that they are not touched over-inflation.