BUSINESS

The Overnight Report: Draghi Pleads The Case

By Greg PeelThe Dow closed up 4 points while the S&P gained 1 point to 1410 and the Nasdaq rose 0.1%.The passing of Neil Armstrong brought back memories of a certain seven year old who was fascinated by the space program but bored into submission as he sat on a classroom floor and waited interminabl...

Australian Stock Market Report – Afternoon 8/29/2012

Local stocks eased slightly today, with investors still opting to shy away from risk ahead of this weekend's Jackson Hole symposium, where central bankers from around the globe will meet to discuss the ongoing European debt crisis. The All Ordinaries Index, which gained 0.3pct yesterday, eased by 5.5pts today to 4381.5.
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Aussie Set To Break Down?

FNArena has added another video to its Investors Education section on the website. This week ATW's Jerry Simmons takes a look at natural gas and its likelihood of moving lower.

Counterfeit Notes on the Rise in India: Rerserve Bank of India

The number of counterfeit notes detected by private banks in India grew by 23 percent from 2010-2011 to 2011-2012, reported the Reserve Bank of India on Sunday, with the Indian government set to introduce plastic notes across five cities by the end of this year in an effort to reduce forgery and thwart other illegal activities related to fake currency.

Wink Wink, Nudge Nudge, China

We continue our search today for evidence that Australia's commodity boom is over. Of course we could be totally wrong. But that's the establishment position anyway.

Philippine Airlines Signs $7b Deal with Airbus

Philippine Airlines informed that it had signed a $7 billion contract to buy 54 Airbus jets as a part of a modernization program to meet higher demands for transporting both passengers and cargo in Asia, the Middle East and Australia.

Australian Stock Market Report – Afternoon 8/28/2012

Australian stocks closed just shy of their opening highs today, with defensive stocks leading the gains following a mixed finish on global share markets. The All Ordinaries Index (XAO) finished higher by 14.1pts or 0.3pct to 4387, after hitting an intra-day high of 4391.9pts.

Virgin Australia Back in Black as FY Profit Soars 134%

Efforts to lure corporate travellers from rival airliner Qantas Airways Ltd. had definitely paid off, as Virgin Australia Holdings Ltd., Australia's second-largest airline, posted a full-year profit of AU$22.8 million (US$23.6 million), up 134 per cent from the AU$67.8 million loss a year ago.

Telstra Targets 60Pct 4G/LTE Coverage by Mid-2013

Blazing wireless internet connectivity will be enjoyed by more than 60 percent of Australians come mid-2013 courtesy of the country’s leading telco Telstra Corporation.

Australian Stock Market Report – Midday 8/28/2012

Yesterday the local share market closed slightly weaker and today the start of trade was very muted, we had low volumes being traded and once again investor caution leading the way.

Union Shutters Cotter Dam Site Over Safety Issues

All construction work at the Cotter Dam site was stopped on early Tuesday morning by the Construction, Forestry, Mining and Energy Union (CFMEU) over safety concerns.

Is Uranium At An Inflection Point?

By Andrew NelsonYou can call it a support, or you can call it resistance, but either way uranium has stayed within a few dollars of US$50/lb for a long time now.

HSU Wants to Oust Whistleblower Kathy Jackson

Acting Health Services Union (HSU) National President Chris Brown is studying the filing of 10 charges in a bid to oust whistleblower and HSU National Secretary Kathy Jackson.

Mobile Browsers Are Changing Property Hunting

The next time one of your customers wants to browse listings on realestate.com.au, they may well reach for their touchscreen tablet or phone, instead of their computer.

The Overnight Report: Drifting

By Greg PeelThe Dow closed down 33 points or 0.3% while the S&P was flat at 1410 and the Nasdaq gained 0.

Australian Stock Market Report – Afternoon 8/27/2012

Despite a positive start, the local share market closed slightly lower today with investors unwilling to take on too much risk ahead of an important week on the global front. Chinese shares fell to their lowest level in three and a half years, following a fall in profits from industrial companies. After rallying to an intra-day high of 4402.9pts, the local market closed down 3.6pts to 4372.9.

Aussies Lose $4.8B to Cybercriminals

In 2011, Australians lost a total of $4.8 billion to cybercriminals, according to a Norton cyber crime report released on Monday.

Australian Stock Market Report – Midday 8/27/2012

The Australian share market has regained some Friday´s lost ground today. On Friday night we saw the US market rallying higher on expectations the US Federal Reserve members stated they were willing to restimulate the US economy if needed and positive comment out of Asia. The All Ordinaries Index (XAO) opened up 24 points higher, but by lunch had given back a bit of ground, holding on to a 15 point gain at 4,391 points.

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