Stock Market & Financial News - Trading Room

VW confirms 2009 net income fell 80%

Volkswagen says its 2009 net income declined 80 per cent to 960 million euros ($A1.43 billion), confirming its preliminary estimate released in February.

BMW posts poor 2009 results

German luxury car maker BMW on reported a 36.4 per cent drop in 2009 net profit but also issued an upbeat 2010 forecast.

World airlines see blue skies ahead

Global airlines are undergoing a surprisingly strong recovery with Asian and Latin American carriers leading the way, the leading industry group said.

ANZ wins 'worst transnational' prize

Australian bank ANZ is this year's winner of the Roger Award for the "worst transnational corporation" operating in New Zealand.

BP to pay $A7.6b for Devon Energy assets

British oil giant BP said it will pay US firm Devon Energy $US7 billion ($A7.66 billion) for assets in Brazil, Azerbaijan and the Gulf of Mexico.

Gujarat to spend $500m on its NSW mines

Indian-owned coal producer Gujarat NRE Coking Coal Ltd plans to spend $500m expanding its two mines in the Illawarra region of NSW over the next five years.

Coal prices set to rise amid confusion

Coal prices are tipped to rise in coming months amid constrained supply and ongoing Chinese demand.

Australian reports

• Aust markets: Aussie stocks close lower
• Aust dollar report: $A lower, jobs stats indicate rate pause
• Aust credit close: Bonds weaker, traders reprice contracts

World reports

• World commodities: Oil prices rise, metals fall
• World markets: World markets continue to rise

Stocks to watch

CIL, COE, CER, IIN, LEI, MAH, MYR, SEV,