Macquarie's foundations still strong despite slide

INVESTORS knocked 6.1 per cent, or $3.07, off Macquarie Group's share price yesterday, but to get that in perspective, you need to go back a year.

Big four maintain relentless drive - because they can

The major banks remain strong and are using all that muscle.

Bhp Commodities Boom Delivers $1.7bn Bonanza

The resources boom paid off yesterday for Chip Goodyear and BHP Billiton as the company not only reported a hefty rise in first-half profit thanks to China's hearty appetite for commodities but forecast strong demand from the rest of the world this year.

When People Stoned The Banks To Get A Meal In Jail

This week is the 70th anniversary of the Great Crash on Wall Street and Eric Storm, 104, has been a share trader through it all. He spoke to John Synnott. WHEN shares collapsed in Australia in 1929, Eric Storm, then a commodities broker, bought up big. He made a killing. ``Yet I remember dece

Asia Surge To Aid Commodities

A fleet-footed Australian resources industry stands to benefit from the surge in Asian demand for commodities, according to the stockbroker ANZ McCaughan Securities. In its foundation issue of the Asian Mining Review, the broker said that world growth in demand for commodities was unquestionably

Mrs Clinton In Big Profit Claim

Washington, Wednesday. Mrs Hillary Clinton, acting on the advice of a commodities broker who was later barred from trading for ethical reasons, turned a $1000 stake into a $99,000 profit in less than a year in the late 1970s, the White House disclosed yesterday. Officials said there was nothi

Gold Surge Lifts All Ords Despite Drag Form Weak Commodities

Soaring gold stocks overwhelmed flaccid commodities prices yesterday to push the all ordinaries index 4.7 points higher to 1682.6. Overnight, 21 out of the 30 stocks that contribute to Wall Street's Dow Jones industrial average fell, pushing the average 5.54 points lower to 3444.39. Growth in

Csr Buys 20pc Of Broker

Building materials group and sugar leader CSR has acquired 20 per cent of the London-based sugar broker Czarnikow for an undisclosed sum. CSR deputy managing director Mr Bill Bennett described the investment as"relatively modest". There had been speculation CSR was conside

Australian Bourse Not The Worst Performer: Uk Broker

Exactly six months after the crash, Australia has recovered by such an extent that it is well down on the list of worst-performing stockmarkets. Using sterling as a base currency for all markets, London broker Wood Mackenzie calculates that since that fateful black day, October 19, Mexico

Deficiency Of Currency Broker Put At $15m

Currency Brokers (Australia) Pty Ltd, which two years ago was the first leveraged currency broker to set up business in Australia, and which collapsed last October, appears to have left its creditors with a net asset deficiency of almost $15 million. The figure is between $5 million and $6

Bhp Should Expand Steel Capacity, Says Broker

BHP has been urged to accelerate its steel-making capacity, despite exceeding the amount it agreed to spend under the five-year Steel Industry Plan in just over three years. Sydney broker Dr Ian Story of Meares and Philips told a meeting of the Metal Trades Industry Association in Brisbane