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Australia Stock Market -Closing (08/05/2011)

AFTERNOON REPORT- CLOSING (4.30pm AEST)The Australian share market fell to a two year low today, as global markets were heavily sold off on fears of a renewed global economic slowdown. US markets posted their biggest one day decline in two and a half years overnight while the local market had its worst one day fall since January 2009. The All Ordinaries Index (XAO) shed 183.2pts or 4.2pct to 4169.7. The All Ords closed at a level of 4097 on the 24th July 2009.

Australian Stock Market -CLOSING - 7/28/2011

AFTERNOON REPORT (4.30pm AEST)Ongoing concerns about the US debt crisis saw markets around the Asian region heavily sold off again today. Investors remain concerned that even if US lawmakers come to an agreement over the raising of the debt ceiling, the US could still have its AAA credit rating downgraded. Japan's Nikkei index eased by 1.6pct today while the All Ordinaries Index (XAO) fell 73.4pts or 1.6pct to 4539.2 while the S&P/ASX 200 Index (XJO) eased by 73.6pts or 1.6pct to 4463.8....

Electric Cars: The Documentary

Chris Paine just called with good news. His film "Revenge of the Electric Car" - the successor to the big hit, "Who Killed the Electric Car?" - is slated to open widely (or certainly wider than it has so far) on Oct. 22. If you haven't seen the original, you need to remedy the situation.

Australian Stock Market Report-CLOSING- (7/22/2011)

AFTERNOON REPORT (4.30pm AEST)Local stocks rallied once again today, after Eurozone leaders agreed on a second bailout package for Greece, sending markets around the globe higher. Hopes are also rising that a deal to lift the US government's maximum borrowing power, or so-called "debt ceiling" will also be reached by the August 2nd deadline.
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Cars Now Getting Better Climate Grades

According to the University of Michigan's Eco-Driving Index, CO2 from new cars in the U.S. is down 14 percent from 2007. That's a significant gain, especially since the number of American drivers is up four percent.

Australian Stock Market-Closing 7/11/2011

MARKET CLOSE-CommSec (4.30pm AEST)It was a less than desirable start to the week for equities, with the ASX 200 index (XJO) falling 1.6 pct or 72.4 pts to 4582.3 while the broader All Ordinaries index (XAO) has dropped 1.5 pct or 69.2 pts to 4646.8. Almost all market segments ended in lower territory by the close of business.

Australia's manufacturing sector rebounds in June

The manufacturing sector in Australia has begun its positive production kick in four months in spite the difficulties in coping with the high value of the Australian dollar and subdued local demand.

World Market Insights: IG Markets

From IG Markets Analyst Ben Potter:On Wall Street overnight, stock finished the quarter and end of the first half in bullish fashion, logging its fourth consecutive gain as Greece passed a second crucial vote on the implementation of the latest austerity package and a much stronger-than-expected Chicago PMI number.

NZ50 outperforms ASX 200

As the Australian share market went down for a sixth consecutive trading day, investors went to the New Zealand markets, which rose close to 20 points to 3525.39, a change of about 56 percent.

Asia-Pacific markets post bearish gains

Markets in the Asia-Pacific region have remained quiet at the end of Monday's trading as public holidays in China, Hong Kong, and South Korea have kept only Tokyo's Nikkei and Australia's S&P 500 working until the afternoon.

Daimler overhauls B-Class Mercedes to lure new and younger market

Daimler AG has announced the upcoming redesign of its B-Class Mercedes Benz, which the German carmaker said, will hopefully attract a new generation of buyers once its compact car lineups have assumed the more familiar features currently deployed on the flagship models.

65,000 NASCAR fans break Guinness World Records for most flashlights lit simultaneously

Once the sun set and just before the start of the NASCAR Sprint All-Star Race at Charlotte Motor Speedway on Saturday, May 21, the raceway's house lights dimmed and fans "flashed their brights," breaking the Guinness World Records achievement for most flashlights lit simultaneously. Energizer outfitted the 65,000 fans with LED headlights as they entered the Charlotte Motor Speedway.

Toyota profit plunges 77% due to Japan quake

Toyota Motor Corp. (TYO), the world's top selling auto maker, on Wednesday announced a 77% drop in net profit in the January-March quarter. Toyota said that fiscal fourth quarter net profit slid to 25.4 billion yen ($314 million) from 112.2 billion yen a year earlier. The operating profit was 46.1 billion yen, falling short of analysts' average estimate of 94.6 billion yen, according to Thomson Reuters.

GM, after bankruptcy, has 5 straight quarters of profit

Now General Motors Company (GM), second only to Toyota in global auto sales, has reported its fifth consecutive profitable quarter, posting net income of $3.2 billion, or $1.77 per fully-diluted share. Revenue in the first quarter ended March 31 increased $4.7 billion to $36.2 billion, compared with the first quarter of 2010.

Treasurer Swan not so keen of ASX-SGX merger

Singapore Exchange Ltd (SGX) has been informed that there is a big possibility that its proposal to $8.4-billion take over the local Australian bourse will be rejected by Australian Treasurer Wayne Swan.

Australia, Singapore: Least Tainted with Corruption--survey

Dealing with the government and private sector in countries Australia and Singapore were perceived to be the least tainted with corruption, a new survey made by Hong Kong-based Political & Economic Risk Consultancy, Ltd.'s (PERC) latest Asian Intelligence report indicated.

Australian Parliament approves $5.6-B flood levy

The Australian Parliament has approved the Commonwealth Government's Flood and Cyclone Levy Bill, which has earmarked some $5.6 billion in funds for the reconstruction of severely damaged townships.

SUV sales prop up October motor vehicle sales in Australia

Those SUVs keep on rolling out from car dealers’ stations and helped Australian motor vehicle sales surging as of the month of October, according to the latest car sales figures furnished by the Federal Chamber of Automotive Industries (FCAI) on Thursday.

How the best approach in customer service works

Strativity Group, a leading provider of customer experience services, today announced it has opened an office in Sydney to support growing interest from Australian and New Zealand organisations in adopting customer-centric approaches and proactively managing their customer experiences.

ASX rival Chi-X Global keen to launch in March 2011

Chi-X Global Inc. is still set to work towards launching in March 2011, in spite the growing threat of a tougher competitive environment with the bid takeover of the Singaporean bourse of rival ASX Ltd.

Local stocks down on profit taking

Local stocks pulled back slightly today, but still mirrored the weakness of Wall Street as the benchmark S&P/ASX200 index was down 10 points, or 0.21 per cent, at 4,681.3 points, while the broader All Ordinaries index had eased 5.9 points, or 0.12 per cent, to 4,740.3 points.

Australia: 2011 Hyundai Grandeur released

The South Korean manufacturer Hyundai in the Australian division announced the launch of the 2011 Grandeur yesterday. The latest Grandeur is a modified and fine-tuned version of the existing model. The transformations are not that massive and mostly engaged in visual issues and trim levels, but Hyundai hopes the car will be given a new charm with the facelift.

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