ENERGY

Australian Dollar Outlook - 12/06/2011

Bell FX Currency Outlook: The AUD is slightly stronger this morning after news filtered out of Europe that plans for a new treaty and fiscal rules in the region has been agreed upon.

Global Markets Overview - 12/06/2011

U.S. stocks were ahead but off session highs Monday afternoon after a Financial Times report claiming that Standard & Poor's warned six triple A-rated euro-zone members that they may suffer ratings downgrades as a result of the deepening sovereign-debt crisis.
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Australia's Manufacturing Activity Barely Improves in November

Manufacturing activity remained flat in November according to the latest Australian Industry Group - PwC Australian Performance of Manufacturing Index (Australian PMI®). The Australian PMI® was broadly unchanged, up just 0.4 points to 47.8, to remain below the 50 points level separating expansion from contraction.

C02 Expands Total Hectares of Trees Managed for Clients to 23,300

The expansion and diversification of its operations had led to record revenue growth for Australian environmental services company, CO2 Group Limited (ASX: COZ). On Monday, CO2 reported revenues of $35 million for financial year 2011 and full year net profit after tax of $1.5 million.

Global Markets Overview - 11/24/2011

From Stan Shamu, Markets Strategist, IG MarketsGlobal markets extended their losses overnight on deepening concerns about the European debt crisis, after a poorly-received German debt sale. Germany failed to find buyers for 35% of the bonds it offered at an auction. There was also a swathe of disappointing economic data, with European services and manufacturing output shrinking for a third month, US durable goods orders falling and unemployment claims topping forecasts.

Qantas Sets First Cooking Oil-Powered Flights

Qantas will start using biofuel to power its planes next year, the airline's CEO Alan Joyce announced during the Australian Airports Association convention in Brisbane on Monday.

Renewable Energy Getting Cheaper

Although the Australian government is apparently battling an uphill fight over carbon tax, renewable energy and similar issues as the debate gets lively, trends support the Labor government position that the country should shift toward renewables and away from coal.

Has Australian Coal Reached Its Zenith?

Speculations are abuzz that Australia's coal market is nearing its zenith, what with the latest intent of Australian coal miner New Hope Corp. wanting to be bought out in the tune of $5 billion.

Rio Tinto Lets Go of $8B Aluminum Group

Following a strategic review, Rio Tinto said 13 assets will be divested at an appropriate point in the future, and some of these will be managed separately in the meantime.

Australian Stock Market Report - Closing - 10/18/2011

AFTERNOON REPORT (4.30pm AEDT)Local stocks managed to erase all of yesterday's gains during Tuesday's session, with fear and caution again at the forefront of investors' minds. Overnight, sentiment wasn't helped by negative commentary from Germany's Finance Minister who warned it was unrealistic to expect a definitive solution to the European debt crisis at this weekend's European Union summit.

Carbon Dioxide Capture System Receives Funding Boost

Ground breaking new technology for the capture of carbon dioxide from power stations will be tested by Process Group at Hazelwood Power Station following a grant from Brown Coal Innovation Australia (BCIA).

Australian Stock Market Report - MIDDAY - 10/18/2011

MIDDAY REPORT (12pm AEDT)The Australian sharemarket is down 1.6 pct or 71.5 pts to 4266.4, effectively wiping out all of yesterday's impressive gains. Markets tumbled overnight due to concerns that the European debt solution might fall short of expectations.

Australian Stock Market Report - Closing 10/10/2011

AFTERNOON REPORT (4.30pm AEDT)The local share market posted its fourth win in a row today, kick-starting the trading week on a positive note. Investor sentiment remained buoyant after German and French leaders agreed to do all that is necessary to secure the recapitalisation of European banks. Share markets around the Asian region were generally positive, despite ratings agency Fitch cutting the credit ratings of Italy and Spain. The All Ordinaries Index (XAO) gained 37.3pts or 0.9pct to 42...

Australian Stock Market Report - MIDDAY 10/10/2011

The Australian sharemarket is surprisingly holding up very well despite a fall in U.S shares on Friday. The All Ordinaries index (XAO) is up 1.1 pct or 46.4 pts to 4271.4, adding to the 3.8 pct gains recorded last week.

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