QANTAS HAS RETURNED TO PROFITABILITY. THE AIRLINE HAS REVERSED A LOSS OF 245 MILLION DOLLARS LAST YEAR TO MAKE FIVE MILLION DOLLARS THIS YEAR. QANTAS SAYS THE OUTLOOK REMAINS CHALLENGING AND VOLATILE. SHAREHOLDERS HAVEN'T RECEIEVED A DIVIDEND SINCE 2009 AND WONT AGAIN THIS YEAR. THE AIRLINE SAYS THE RESULT WAS HELPED BY A STEADY IMPROVEMENT IN ITS INTERNATIONAL BUSINESS, ITS PARTNERSHIP WITH EMIRATES, AND THE GROWTH OF JETSTAR IN ASIA.

INVESTORS HAVE WELCOMED THE RESULT FROM QANTAS. SHARES JUMPED 14 PER CENT. A FALL IN WESTFIELD'S PROFIT HAS PUSHED ITS SHARES THREE-QUARTERS OF A PER CENT LOWER. MINING STOCKS DID WELL. IT WAS A FAIRLY FLAT FINISH ON THE BROADER MARKET AS CAUTION PERSISTED. THE ALL ORDS ADDED A TENTH OF A PER CENT. MARKETS ACROSS ASIA ARE RECOVERING SOME OF YESTERDAY'S STEEP LOSSES. JAPAN'S NIKKEI IS UP POINT-NINE PER CENT. THE THREAT OF A STRIKE ON SYRIA PUSHES UP GLOBAL OIL PRICES. THE SPOT GOLD PRICE ROSE AGAIN OVERNIGHT.

OFFICIAL DATA SHOWS INVESTMENT IN AUSTRALIA'S RESOURCES SECTOR WILL PEAK IN THE NEXT SIX MONTHS. BUREAU OF STATISTICS FIGURES SHOW TOTAL CAPITAL INVESTMENT ROSE BY FOUR PER CENT TO 40-BILLION DOLLARS IN THE THREE MONTHS TO THE END OF JUNE. THE EXPECTATION AMONG ECONOMISTS WAS FOR A FLAT RESULT OR JUST A SMALL INCREASE.

 

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