BUSINESS

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.
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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.

Cancer Society Criticises Hike of New Zealand Tobacco Export to Australia

The Cancer Society is against the planned increase of New Zealand export of tobacco products to Australia. While the hiked production of cigarettes would lead to the creation of 50 new jobs in the next 24 months, it would also cause the loss of 20,000 lives yearly in Australia, Cancer Society Health Promotion Manager Jan Pearson said.

iPhone 5 Rumors: iOS 6 Expected at WWDC 2012 in June

The fifth generation iOS, the operating system for Apple Inc. (NASDAQ: AAPL) mobile devices, was released in October last year alongside the iPhone 4S. Also made available for older devices, iOS 5 promised 200 new features. iOS 5 introduced the iCloud service, revamped notifications, improvements to native apps such as the Camera, new applications like Reminders, Newsstand, and iMessage.

Australian Stock Market Report - Afternoon 3/26/2012

The local share market ended the day's trade on a subdued note, which was expected to be the theme of the day given no release of local economic data and mixed offshore leads on Friday. Despite a strong start, mining stocks dragged on the overall market seeing the All Ordinaries Index (XAO) close down 5.5pts to 4355.2.

Markets: Was Last Week A Breather, Or A Warning?

Was last week a reminder to the bulls that the rebound is becoming overbought, or were the big falls (especially in Europe) a timely warning that the problems which gave us the miserable final quarter for 2011 (and 2010) are still with us?

Rudi's View: Gold Is Insurance

(This story was first published on Wednesday, 21st March 2012. It has now been re-published to make it available to non-paying members at FNArena and to readers elsewhere).

Australian Stock Market Leads - 03/26/2012

The positive leads from global markets led by the rise in the U.S. equities Friday have not provided enough boost to prop up the sentiment in the Australian stock market early on Monday.

Week Ahead: Searching For The Next Crisis?

By Kathleen Brooks, Research Director UK EMEA, FOREX.com• Searching for the next crisis• What's driving the dollar?• Europe: what happened to the LTRO?A couple of weeks ago the market was able to shrug off the prospect of a Greek default and a sharply rising oil price.

Samsung Admits Delays on Galaxy Note Android Update

The long wait for the Android 4.0 update for Samsung's Galaxy Note has been further extended, with the giant Asian mobile device maker admitting this week that Ice Cream Sandwich's (ICS) arrival will be delayed.

Australian Property Hits a New Kind of High

Australia's property obsession is reaching a frenzy. There is talk of a being able to bet on a new property index, clearance rates are making news alongside gossip columns and some analysts are warning of an impending crash.

Retail: It’s Tough, But Not As Bad As The Under Performers Say

With the reports in the past week from Myer, David Jones, Kathmandu and OrotonGroup we know Australian retailing had a tough six months or so at the back end of 2011 and early this year, but has it been as tough as much of the reporting and commentary suggested?

House Price Falls Continue in Most of the UK

UK house prices rose 1.11% during 2011, according to Nationwide. However in inflation-adjusted terms, UK house prices were actually down by 3.4%, following a series of annual house price drops during the past three quarters.

Woodside Reveals Impending LNG Shipments from Pluto Project

The $200 billion liquefied natural gas (LNG) fresh initiatives in Australia got another boost this week as Woodside Petroleum Ltd revealed the imminent shift to full production activity of its Pluto LNG processing facility in Western Australia.

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