Hiển thị các bài đăng có nhãn ahead. Hiển thị tất cả bài đăng
Hiển thị các bài đăng có nhãn ahead. Hiển thị tất cả bài đăng

Thứ Năm, 9 tháng 5, 2013

Aust bonds stronger ahead of RBA statement

AUSTRALIAN bond futures prices are slightly higher ahead of the release of the Reserve Bank of Australia's quarterly statement on monetary policy.

Westpac senior market strategist Damien McColough said it had been a relatively quiet night for the local bond market ahead of the release of the monetary policy statement at 1130 AEST.

The statement is expected to provide more insight into the RBA's decision to cut the cash rate to a record low of 2.75 per cent on Tuesday, as well as an update on its oulook for the Australian economy.

Mr McColough said the statement was likely to point to a more negative outlook compared to the previous statement in February, which would push bond prices higher.

"Bonds might be a little bit up because the statement will have a dovish tone to it," he said.

"But I don't think it will be a big move."

At 0830 AEST on Friday, the June 10-year bond futures contract was trading at 96.855 (implying a yield of 3.145 per cent), up from 96.845 (3.165 per cent) on Thursday.

The June three-year bond futures contract was at 97.450 (2.550 per cent), down from 97.440 (2.560 per cent).


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Thứ Tư, 8 tháng 5, 2013

$A lower ahead of jobs figures

THE Australian dollar is nearly a third of a US cent lower ahead of the release of key monthly employment figures.

At 0700 AEST on Thursday, the currency was trading at 101.71 US cents, down from 102.01 US cents on Wednesday afternoon.

Westpac New Zealand senior market strategist Imre Speizer said the Australian dollar traded in a fairly narrow range overnight with positive global sentiment preventing it from falling below the 101.55 US cent level it dropped to in the wake of Tuesday's interest rate cut.

"It's been stuck just above that level and it is probably being held by the global market sentiment which is pushing equity markets higher," he said.

The Reserve Bank of Australia cut the cash rate to a record low of 2.75 per cent at its monthly board meeting, which reduced demand for the currency.

Mr Speizer said the main driver for the currency on Thursday would be the release of the Australian Bureau of Statistics' labour force figures for April at 1130 AEST.

An AAP survey of 14 economists shows a median forecast for the unemployment rate to be steady at 5.6 per cent for April with total employment growing by 11,000.

He said the currency was likely to move higher if the data showed stronger-than-expected jobs growth and fall if the figures were weaker than expected.


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Aust 3yr bonds weaker ahead of jobs data

AUSTRALIAN three-year bond futures prices are slightly lower ahead of the release of key monthly employment figures.

RBC Capital Markets fixed interest strategist Su-Lin Ong said it had been a quiet night of trading ahead of the jobs data's release.

The Australian Bureau of Statistics will release labour force figures for April at 1130 AEST on Thursday.

Ms Ong said traders were also waiting for Chinese inflation figures, which are due out at the same time.

"Really, we're just marking time ahead of the labour force data and the Chinese figures," she said.

At 0830 AEST on Thursday, the June 10-year bond futures contract was trading at 96.870 (implying a yield of 3.130 per cent), the same level as on Wednesday afternoon.

The June three-year bond futures contract was at 97.480 (2.520 per cent), down from 97.500 (2.500 per cent).


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Thứ Hai, 6 tháng 5, 2013

Billabong in halt ahead of takeover update

A tag hanging from a Billabong t-shirt

Shares in Billabong are in a trading halt ahead of an update about its potential takeover. Source: AAP

SHARES in troubled retailer Billabong are in a trading halt ahead of an update about its potential takeover.

Billabong is currently in exclusive talks with the Sycamore consortium, made up the retailer's US-based executive Paul Naude and private equity firm Sycamore Partners.

Sycamore Partners has made a $287 million offer for the Australian retailer.

The talks are due to end on Wednesday, after the negotiating period was recently extended for a further 10 days.

Billabong on Tuesday requested its shares be placed in a trading halt ahead of an announcement about the potential takeover.

The halt will last until Thursday at the latest, or until the release of its announcement.

Despite the ongoing talks with Sycamore, Billabong has repeatedly said there is no guarantee a takeover will proceed.

The retailer has also been in talks with rival consortium VF Corporation - the owner of The North Face and Timberland outdoor clothing brands - and private equity firm Altamont Capital Partners.


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Dollar lower ahead of RBA decision

THE Australian dollar is lower ahead of the Reserve Bank of Australia's interest rate decision.

At 7am AEST today, the currency was trading at 102.54 US cents, down from 102.72 US cents yesterday afternoon.

The Reserve Bank of Australia (RBA) will announce its interest rate decision at 2.30pm AEST today after its monthly board meeting.

All 13 economists surveyed by AAP last week expected the RBA to keep the cash rate unchanged at three per cent.

But BK Asset Management managing director Kathy Lien said the market had put the odds of a rate cut at around 55 per cent.

Ms Lien said that while a rate cut would push the Australian dollar below 102 US cents, traders would also look closely at the statement accompanying the decision.

She said a cautious and dovish statement would weigh on the currency, even if the cash rate remained unchanged.

"Whether the AUD (Australian dollar) holds above 1.02 or drops to fresh two-month lows will hinge upon the tone and action of the RBA," she said. "Given the potential for a rate cut and the significance of this event, the risk is to the downside."


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Thứ Sáu, 22 tháng 3, 2013

Aussies get surgery, Botox to get ahead at work

Linda Ayles

Linda Ayles before and after a facial slimming procedure, which involved botox injections in her masseters (chewing muscles) and dermal fillers in her cheeks. Picture: Supplied Source: news.com.au

AUSTRALIANS are getting cosmetic surgery and Botox in order to give themselves an edge against younger co-workers.

People who are worried about being discriminated against at work because of their age are having facial procedures to appear more "fresh" and "energetic".

But body image experts warn the practice is dangerous and it is creating an impression that good looks and youth are necessary to be seen as successful.

Linda Ayles, 43, first had Botox when she was 32 to increase her confidence in her professional life.

"I was getting there really bad crows feet in my 30s and it was affecting my confidence at work," Ms Ayles said.

"In a guy they say 'that adds character', same with grey hair, but on a female in her 30s you just look tired.

"People start thinking 'Is she capable of being in high pressure roles?'"

Ms Ayles has worked in sales and marketing for more than 20 years in "male-dominated" industries like manufacturing, aerospace and fast-moving consumer goods.

"Looks are important - it's an old boys' club. You do get treated differently."

In addition to getting Botox since her 30s, Ms Ayles most recently had a facial slimming procedure, including injections into her masseters (chewing muscles) and dermal fillers in her cheeks.

"I recommend it to my friends, I'm not ashamed or embarrassed. I see it as an advantage," she said.

"I have gone for promotions and other roles that I might have not actually looked at if I didn't feel so confident."

Ms Ayles said she thinks women start being overlooked in favour of younger staff as early as when they are in their thirties.

"I was looking at my mid-thirties thinking 'Do I want to be considered as young and fresh and vital?'" she said.

"It is linked to succession planning in organisations - when people look as though they've got energy, drive and passion they're considered in the company's plans."

Cosmetic surgeon Dr Ashley Garnot, owner of the Ashley Centre where Ms Ayles is a patient, said 80 per cent of his patients had plastic surgery because they lacked confidence, and about one half of these people say it affects them at work or when job hunting.

"It doesn't just apply to women, it applies to men as well. They want to look younger in order to impress," Dr Garnot said.

"The more vital, the more spirited you look, that opens the doors. What you do afterwards depends what your brain says but the first impression is how you look."

Dr Garnot said there were instances where looks didn't matter "but in most cases they do".

"It's very nice for the purists to say 'It doesn't matter how you look and we're all equal'," he said.

"This has nothing to do with whether it's nice or not nice, moral or not moral, cheap or expensive, who's making money and who's not making money.

"This is a question of people's working life and their ability to earn money for themselves and for their family, and whatever is available for them to increase their chances is what they will go for."

Clinical psychologist Louise Adams, who specialises in body image, said we were at a "dangerous" point in society where cosmetic surgery was getting normalised as a solution to poor self-esteem.

"We have to remember aging is normal it's not something to be corrected," she said.

"At what point are we allowed to age? Do we all have to appear 20-something in order to be perceived as powerful?"

Ms Adams said surgery was not necessary to feel confident.

"If we're looking at confidence in your career, what about the career skill?" Ms Adams said.

"How many careers actually depend on what we look like?"

Ms Adams added that people often got addicted to cosmetic surgery once they started.

"You obviously develop a relationship with a surgeon who keeps suggesting things and you get good feedback from people," she said.

"The more you do it the more you buy into the idea that it's making you better."

Ms Adams said that cosmetic surgery was irreversible and could lead to a "slippery slope" of trying to correct surgery that has gone wrong.

"There is a huge industry in cosmetic surgeons and the people they promote as happy customers," she said.

"I see the other side, the ones who are not happy, the ones who surgeons are not promoting."


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