COmMENTS FROM THE RESERVE BANK GOVERNOR GLENN STEVEN'S INDICATING HE'S COMFORTABLE WITH INTEREST RATES WHERE THEY ARE AT THREE PER CENT –

 

HAVE PUSHED THE AUSTRALIAN DOLLAR ALMOST A CENT HIGHER AGAINST THE GREENBACK

 

IT'S CENT BUYING 103-POINT one one US cents

 

the mood among share INVESTORS was also boosted by those comments...

 

THE ALL ORDS CLAWED BACK MUCH OF YESTERDAY'S MORE THAN TWO PER CENT LOSS... CLOSING UP THREE QUARTERS OF A percent

 

THE ASX 200 INDEX

 

To commodities and SPOT GOLD PRICES ARE RECOVERING SOME OVERNIGHT LOSSES IN ASIAN TRADE

 

WEST TEXAS CRUDE was lower in the US

 

BILLABONG'S BEEN FORCED TO CUT ITS ANNUAL EARNINGS FORECAST AFTER POSTING AN ENORMOUS HALF-YEAR LOSS.

 

THE SURFWEAR RETAILER LOST 537 MILLION DOLLARS FOR THE SIX MONTHS TO THE END OF DECEMBER. 

 

WRITE-DOWNS IN THE VALUE OF BILLABONG'S BRANDS AND ASSETS ARE LARGELY TO BLAME. 

 

THE COMPANY'S SAYS RETAIL CONDITIONS ARE EXTREMELY CHALLENGING.

 

THE OIL AND GAS PRODUCER, SANTOS HAS REPORTED A FALL IN ITS ANNUAL NET PROFIT.

 

SANTOS MADE AN AFTER TAX PROFIT OF 519-MILLION DOLLARS LAST YEAR -

 

THAT'S DOWN 31 PER CENT ON ITS 20-11 PROFIT.

 

SHAREHOLDERS WILL GET AN INTERIM DIVIDEND OF 15 CENTS TAKING THE TOTAL DIVIDEND FOR THE YEAR TO 30 CENTS.

 

CROWN CASINOS BELIEVE A CHANGE OF GAMING LAWS AND POOR CONSUMER SENTIMENT IN VICTORIA CONTRIBUTED TO ITS SLIDE IN HALF YEAR PROFITS. 

 

CROWN'S PROFITS DROPPED 34 PER CENT COMPARED THE YEAR BEFORE TO 180-POINT-8 MILLION DOLLARS. 

 

FROM JULY LAST YEAR VICTORIA BANNED CASH MACHINES FROM OPERATING WITHIN LICENSED GAMING VENUES.

 

TO THE MARKET REACTION - SHARES IN CROWN ARE UP TWO PERCENT

 

SANTOS ADDED ONE-AND-A-THIRD PER CENT

 

BILLABONG HAS SLUMPED FIVE-AND-A-HALF PER CENT

 

AND THE TOP MINERS ARE BULIDING ON YESTERDAY'S  SOME STEEP LOSSES.

 

 

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