BUSINESS

Australian Stock Market Report – Afternoon 3/28/12

Australian stocks closed at their highest levels in almost five months today as investors snapped up financial and consumer stocks, encouraged by commentary from the Reserve Bank of Australia. The All Ordinaries Index (XAO) rose above 4400 for the first time this year, adding 39.8pts or 0.9pct to 4431.4 while the S&P/ASX 200 Index (XJO) firmed by 42.2pts or 1pct to 4343.5.

Justin Bieber to Purchase $7 Million Dollar Mansion?

News is out that teenage heartthrob, Justin Bieber, is looking to by a million dollar mansion in Calabasas, California. Now what’s up with the hefty prized mansion and who is the 18-year old planning to take home? Wasn’t it just last month that Bieber supposedly bought a love pad for his girlfriend, Selena Gomez? With all the mansions the Bieber is deciding to buy, how much money did his single hit, “Boyfriend” roll in?
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Media Probe Points to Likely Piracy Actions by News Corp Operatives

Covert operations reportedly sanctioned by ranking officials of global media firm News Corporation were responsible in undermining the operations of the company's competitors in Australia, according to the investigative works of The Australian Financial Review (AFR).

Thailand Tries to Woo Aussie Automotive Component Firms

Thailand is wooing struggling automotive companies in Australia to move their operations to the former. Visiting Thai Deputy Secretary General Duangjai Asawacintachit, who heads the Board of Investment, said Thailand's solid economic growth and free trade links to other Asian nations offered wide opportunities for Aussie firms.

Cooper Brewery Seeks End to Woolies, Coles Duopoly

Cooper Brewery Chairman Glenn Cooper called for new laws to stop the duopoly in the supermarket industry and protect local owners of farmlands. He specifically blamed Woolworths and Coles, which have engaged in a price war to the detriment of Australian farmers

Upside Bias For Crude Oil

FNArena has added another video to its Investors Education section on the website. In this latest video, ATW's Jerry Simmons explains why he is keeping a close watch on crude oil futures.

Apple Faces Lawsuit in Australian Court

Many people were delighted when Apple released its newest tablet offering in the market called the "new iPad". One of its defining features is its 4G capability but Australians are not really delighted with the new iPad from Apple.

Rio Tinto to Divest All Diamond Assets

Following BHP Billiton's earlier move to divest all from its diamond business, Rio Tinto is also undertaking a review of its diamond operations leading to a possible divestment of its assets in Australia, Canada and India, which seemed no longer fit to its business strategy.

Australian Stock Market Report - Midday 3/27/2012

Encouraging comments from US Federal Reserve Chairman Ben Bernanke has seen the Australian share market post solid gains in early trade. Chairman Bernanke hinted in a speech to US economists overnight that the Fed remains committed to keeping interest rates in the US low. He also hinted at a third round of economic stimulus, which saw the broader S**9**amp;P 500 Index in the US hit four year highs during New York trade. Early in the local session, the All Ordinaries Index (XAO) is up 34.1pts or ...

Uranium Deficits Ahead?

By Greg PeelAfter a flurry of activity the week before last, which might have signalled renewed interest in spot uranium at the lower price, last week activity levels fell back to minimal again.

Lee levels series for Australia

Two early strikes from Brett Lee proved the key as Australia beat the West Indies by 30 runs in St Lucia on Sunday and in doing so squared the five-match series two-all.

Global Markets Overview 03/27/2012

U.S. stocks surged Monday, largely erasing last week's losses, after a speech by Federal Reserve Chairman Ben Bernanke signaled the central bank is committed to a monetary policy that's helped buoy stocks for three years.

Higher Mortgage Rates Causes Dip in Satisfaction of Big 4 Aussie Banks

Australian customers are getting back at the big four lenders by giving it lower satisfaction ratings after the banks unilaterally increased their mortgage rates despite two decisions by the Reserve Bank of Australia (RBA) to keep the overnight cash rate unchanged at 4.25 per cent.

Updates: Gunns Boost Its Refunding Plans

Struggling Tasmanian forestry products company Gunns is continuing to try and raise fresh capital after the earlier plans were wrecked by the withdrawal of a cornerstone investor.

What Australia Has that China Needs

Your editor's fingers are a little rusty after a full week away from the keyboard. But our hands were not idle! We rediscovered the pleasure of discovering information the old fashioned way last week, analogue style! More on the benefits to your brain of reading books in a moment.

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