Watch Out for these Key Economic News: March 19-25
A quick preview of the key economic events for the upcoming week.
The Overnight Report: Apple At The Core
By Greg PeelThe Dow closed up 6 points while the S&P added 0.4% to 1409 and the Nasdaq starred with a 0.
Report: Apple Earns Less on New iPad But Tipped to Maintain Overall Profitability
Apple's huge cash chest is no secret and most definitely that reserve keeps on adding up as new Apple products hit the market. Yet how much really has Apple been cashing on its incredible success lately?
China Cements Shale Gas Foray with Total SA Joint Venture
China continues its foray on energy securing measures with its recent joint venture with French energy giant Total SA ((NYSE:TOT) to produce and refine shale gas.
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Australian Stock Market Leads - 03/19/2012
A firm and steady opening has set in the Australian stock market today and analysts are closely watching if it would break the barrier resistance of 4320, an indicator that a change in sentiment towards the positive amidst concerns of the economy's correlation to China's economic slowdown may take place.
New-Car Sales Down Almost 10 Percent In Europe Last Month
Passenger car sales in the European Union plummeted almost 10 percent in February -- their biggest drop since 2010 -- as consumers tread warily through uncertain economic times.
The Dollar: Now Falling, But For How Long
Judging by recent speeches and comments, the RBA is clearly wondering why the value of the Australian dollar hasn't fallen after that 4.7% dip on our terms of trade in the final quarter of 2011.
Results: Myer’s Weak First Half Sees Dividend Cut
After a brief flurry of optimism that saw the shares rise yesterday in the wake of the expected fall in interim earnings, Myer shares closed the day down 9c or 3.3% at $2.28.
Japan: Why Inflation Rather Than Deflation Can Save The Economy
On February 14, the Bank of Japan broke with tradition and announced an inflation target of 1%.
Deals: Stockland To Double Buyback, Sells Sydney Asset To Qube
Property developer Stockland Group yesterday took another move to expand its share buyback by selling another asset to finance the expansion.
Debt: Fortescue Boosts Raising To $US2 Billion, Nexus Cuts Reserves
Debt: Fortescue Boosts Raising To $US2 Billion, Nexus Cuts Reserves
The Economy: Weak And Weaker
It wasn't a surprise that consumer sentiment fell in the latest survey from Westpac and the Melbourne Institute, nor was it a surprise that housing construction finished 2012 on a weak note.
AFR and SMH to Jointly Promote the Commercial Real Estate (CRE) Auction Centre
Two of the country's most respected newspapers, The Australian Financial Review and The Sydney Morning Herald (SMH) have come together to jointly promote the Commercial Real Estate (CRE) Auction Centre.
AIG to Sell its AIA Shares Worth $6 Billion
American International Group (AIG) is in quest for raising about $6 billion to repay a federal government bail-out. AIG will sell part of its stake in Asia subsidiary AIA Group in a long-awaited move to be able to repay the federal government bail-out.
PayPal Unveils ‘PayPal Here’ to Process Payments via Smartphone
Online payment processing firm PayPal has introduced another of its over-the-counter payment scheme, this time around through the use of the now ubiquitous smartphones.
New Board Launches Alcohol Name, Shame Ad Campaign
Health campaign groups in Australia launched on Friday the independent Alcohol Advertising Review Board. The main task of the new board would be to name and shame alcohol firms with advertising campaigns that violate international alcohol advertising regulations.
Telstra Sells First iPads in Australia, Global Anticipation Pushes Apple Stock to $600 Per Share
Telstra Corporation has some sort of a coup when the giant Telco offered on one of its stores the third iPad edition early Friday morning, with an Aussie construction manager earning the distinction as the first in the country to own the most-sought after product.
Another Ratings Cut for Macquarie Group from Moody’s
The Macquarie group had its second credit downgrade in four days. The first was by Fitch on Tuesday and the second by Moody's Investors Service on Friday. Moody's cut Macquarie's credit rating by one notch to A3 from A2.
Australia's NSX Lowers Trading Fees; Direct Internet Trading Now Possible
The National Stock Exchange of Australia (NSX) announced on Friday that it will lower its trading fees to 0.1 basis points per buy and sell beginning April 2.
Study Forecasts Australia's Loss of Over 118,000 Retail Jobs in 3 Years
Jobs in Australia's retail sector appear to be in a worse situation compared to the banking sector. While a report in January warned of the loss of 7,500 banking jobs over the next two years, another study forecasts 118,000 retail jobs could be axed in the next three years across the country.
Peter Switzer: Why I'm A Stock Buyer
by Peter Switzer, Switzer Super ReportWith the stock market defying gravity and the legendary market expert, Laszlo Birinyi, tipping the S&P 500 to rise 24% this year, the question is, are there any other reasons to be positive on stocks in 2012?Next week, I will look at reasons for being negative b...
Baby Formula Pulled from Stores Pending Sickness Investigation
A baby formula made 100 per cent from New Zealand has been pulled by company from stores after a man raised suspicion via email that the milk formula may have caused his young daughter to get sick.
The Overnight Report: Another Milestone
By Greg PeelThe Dow rose 56 points or 0.4% while the S&P gained 0.6% to 1402 and the Nasdaq added 0.5%.
Full Details About Sony Xperia Sola
Sony Mobile Communications recently launched the company's Android-based Xperia Sola that utilizes the "Floating touch" technology. The Xperia Sola is one of the smartphones launched by Sony since the company decided to drop the name “Ericsson” in their mobile business.
As new iPad Set for Release, Cook Cashes $22 Million from Apple Shares
Tim Cook, CEO of Apple Inc. (NASDAQ: AAPL), unveiled the next generation iPad early this month. On March 16, the latest iteration of the market leading tablet will be available in shelves in many countries.
Apple to Pay up to $320 Gift Card for iPad 2 Trade-In
Apple, Inc. (NASAQ:AAPL) is willing to give up to $320 for your iPad under their revised Reuse and Recycling Program.
Fortescue Hikes Bond Offer to 2 Billion
Fortescue Metals Group (ASX: FMG) announced on Thursday that it doubled its bond offerings to $2 billion from $1 billion. The amount raised will be used to pay for expansion plans.
Microsoft to pay US$388 Million to Australian Inventor?
After long and tedious legal battle, Australian inventor Ric Richardson won against software giant Microsoft and could take away hundreds of millions of dollars.
Report: 'Mini iPad' on Apple's 2012 Product Pipeline
Days before the official release of the new iPad version, reports emerged that another edition could hit the market before the end of the current year.
Britannica Sets Aside Hardbound Copies to Focus on Digital, Online Editions
The latest Encyclopaedia Britannica 32-volume edition will be the last to see print as its publisher announced this week the retirement of the book collection after more than two centuries of delivering knowledge to millions to around the world.
Apple iPhone 5 Release in 2012: The "New iPhone?"
The recent release of the new iPad has sparked numerous rumors about the possible release of iPhone 5 within the year. There were many speculations that were formed based on the specifications revealed in the new iPad since both Apple products have the same OS.
Petrol Prices Soar with no Respite in Sight
Between February and March this year, petrol costs have risen by 3%, causing a downward drift in the Westpac-Melbourne Institute consumer sentiment index. This has many economists worrying, as the fear of recession looms and unemployment figures do not look too uplifting either.
Value And Risk Supporting Improving Markets
By Andrew NelsonAustralian, US and even European share markets are up and running so far this year, with emerging markets posting even bigger gains.
The Overnight Report: Return Of The Greenback
By Greg PeelThe Dow closed up 16 points or 0.1% while the S&P lost 0.1% to 1394 and the Nasdaq was steady.
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