Garry Barker and Leon Gettler - Talking Business 2010 Ep 17c

A review of the week in business, with expert analysis and commentary

Leon and Garry talk about the volatility in the share markets, reflected in the price of gold and the rising US dollar. Hospital operator Healthscope is considering a a $1.74 billion takeover offer and its a tough time in retail with Myer reporting flat sales - the result of interest rates and consumers no longer having the government's stimulus money. Rising interest rates have seen a drop in housing finance and might be cooling the property market with the RBA signaling it might take a break from raising rates. The battle over the mining super profits tax continues with BHP taking it to shareholders and threatening to cut its dividend. Leighton reports an 82% increase in its profits. NAB faces further class action over its exposure to derivatives. The wine industry is in serious trouble with the grape glut, with Taylors Wines reporting a loss and Foster's set to split its wine and beer business. China is now Australia's largest foreign direct investor.

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Garry Barker and Leon Gettler
RMIT, Business, Economics, share markets, gold, US dollar, Healthscope, Myer, Wine glut, China.