Australia Stock Market- Morning Report 02/06/2012
In Australia, retail trade, the monthly inflation gauge and data on job ads are released. NZ markets are closed for a holiday. In the US, the monthly employment trends report is released.
Australian Stock Market Leads - 6 February 2012
The optimism generated by the better-than-expected US jobs is seen to redound to the stock market.Analysts are bullish that Monday's trading will record some gains benefitting from the major averages posted by the Dow Jones Industrial Average, up 1.2% to close at 12862; the S&P climbed 1.5% at 1345; and the NASDAQ advanced 1.6% to end at 2906.
Product of the Year 2012 Announced for Top Australian Supermarket Products
One of Australia's leading consumer product surveys, Product of the Year, today released its third annual survey results for innovative new products in the Australian supermarket retail industry. Product of the Year was established 25 years ago in France and currently operates in 28 countries worldwide.
Frontline Intelligence: Instep - Business Acumen Here to Stay
What do business leaders expect from their Human Resources function? We constantly hear the phrase, "strong business acumen required" for senior HR appointments but this is also increasingly the case for roles within the early HR career market. What does this mean for early HR career professionals is the main subject of this month's Instep.
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Global Markets Overview - 02/06/2012
Stocks rose Friday after the U.S. economy added more jobs than expected last month, driving the Nasdaq Composite to an 11-year high and pushing the Dow to its highest close in nearly four years. The earnings parade continues this week, with the latest results due from a handful of companies in the Dow Jones Industrial Average and from media giants and tobacco companies. In addition, seven companies across a range of industries are expected to go public this week, coming off a week that has seen ...
Whereto For Rare Earth Prices?
By Greg PeelIt was arguably the Big News story in the resources sector last week. Rare earth hopeful Lynas ((LYC)) had been waiting in frustration for a seemingly interminable period to learn whether or not the Malaysian government would approve its proposed Lynas Advanced Materials Plant (LAMP) for...
Your Editor On BRR's Round Table
By Rudi Filapek-VandyckThe first broadcast of the Friday Afternoon Round Table on the freshly rebranded BRR Media turned out an entertaining event and not just because I was (initially) given the dud seat around the table.
French Court Fines Google for Free Maps
A French commercial court upheld an unfair competition complaint against search giant Google Inc. and has ordered it to pay a fine and damages to a French mapping company.
Xstrata, Glencore Lock on Talks for $80 B Merger
Xstrata, one of the biggest mining operators in Australia, is reportedly negotiating with giant commodities trading firm Glencore for a likely blockbuster merger that analysts said could easily reach $US79 billion.
Pirate Bay Founders Get Prison Sentence, Redirects Site to Swedish Domain
After popular file-sharing website Megaupload was shut down last week by the U.S. Federal Bureau of Investigation, the next site in danger could be the aptly named The Pirate Bay.
12 Juicy Details and Important Facts From Facebook's 197-Page IPO Document
Facebook Inc. filed documents for an initial public offering that could help the social network gain one of the biggest U.S. stock-market debuts of all time.
New Zealand Treasury Cuts 2013 GDP Forecast to 3%
While New Zealand has not felt the brunt of recession, the Treasury has slashed its forecast for economic growth for 2013 in view of volatile and weaker global economy.
NZ Shares Rise, Global Outlook Hopeful
Optimism rose as New Zealand shares climbed, and hope springs that global economic growth is possible. Exporting manufacturers Fisher & Paykel Appliances and Methven topped the list of gainers even as the kiwi dollar rose as well, consistent to a five-month high against the greenback.
Latest PSI Shows Wholesale Gains of Aussie Service Sectors, Retail Recovers
January marked the significant growth of Australia's service industries, pushing up by 2.9 to 51.9 points in the month, according to the new survey jointly conducted by the Australian Industry Group (AIG) and Commonwealth Bank of Australia (CBA).
Qantas, Jetstar to Hike Fares
After encountering turbulence in 2011 due to a prolonged labor dispute with three labor unions, flag carrier Qantas Airways is set to soar in 2012.
Analysts Say Australia’s Supermarket Price War to Last Longer
The fruit and vegetable price war between Australian supermarket giants Coles and Woolworths may be a boon to consumers, but a bane to farmers.
Australia Posts $1.7-B Surplus as Export Records Moderate Growth
Australia's trade surplus further expanded in December, adding up $366 million in the month to reach $1.709 billion, creating a wide margin that according to the Australian Bureau of Statistics (ABS) was mostly delivered by commodity shipments.
More Details of Rinehart Family Feud Come Out
Media attention to Australia's richest woman, Gina Rinehart, has shifted back to her family feud from her recent foray into Fairfax Media.
Peter Switzer: A rate cut is coming, but will the banks follow?
By Peter Switzer, Switzer Super ReportLast year the economy grew at a 2.6% pace, well below the 3%-plus rate expected by Treasury and the Reserve Bank.
Feature: Bonds: Boom, Boom, Bubble?
Who would have thought the US could get to a position where it could even think of getting investors to pay the government to lend it money.
Retail: Coles Beating Woolies
Its 25 years since the turnaround at Woolworths was kicked off by retailing legend Paul Simons who decided to use the phrase: 'The fresh food people" to tag the struggling retailer to make it different from the then dominant Coles Myer.It worked, kick starting a comeback from Woolies that is part of Australian corporate lore as Simons' successors, especially Roger Corbett revamped not only the retailer, but the entire supermarkets business by chasing gains from suppliers to stores.
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Trade: Surplus Up, But Better Than Expected
Trade data out yesterday for December, the second quarter and the first six months of the 2011-12 financial year put the lie to suggestions that our minerals boom has been derailed or is sagging as a result of the drop in iron ore and coal prices late last year.
Job Cuts Fever Spreads to Other Australian Firms
More Australian workers would likely lose their jobs in the coming weeks amid fears of another round of global financial crisis. A day after major Australian firms such as BHP Billiton, Holden, Manildra and Reckitt Benckiser announced layoffs, more companies made similar announcements.
The Most Hated Bank On Earth: Goldman Sachs & The European Crisis
In part two of our feature on Goldman Sachs, we look at Goldman's networks of power in Europe and consider the ways in which Goldman is using the same dangerous financial products, which caused the 2007 crisis, to bet against Europe's floundering economies whilst governing, or advising those countries. Finally, we ask what can be done to reduce Goldman's power.
Australian Stock Market Leads - 03/02/2012
The Australian stock market is off to a slow start on Friday with commodity-related stocks led by Lynas Corp (ASX: LYC), Aquarius Platinum Ltd (ASX: AQP), Atlas Iron Ltd (ASX:AGO) hitting some gains as of 10:00 AM (AEST).
The Overnight Report: Yawn
By Greg PeelThe Dow fell 9 points or 0.1% while the S&P rose 0.1% to 1325 and the Nasdaq rose 0.4%.What a rollercoaster ride.
Mixed PMI Results for Key Economies in January Lead to Global Manufacturing Surge
Global productivity generally spiked in the first month of 2011 amidst the lingering financial woes battering much of Euro economies and the slowdown predicted by economists to hound China this year.
Coles Sales for December Quarter Hits $9.4 Billion
The battle between retail giants Coles and Woolworths went up a higher level beyond grocery aisles into company books. On Thursday, Coles reported a 6.7 per cent hike in its December quarter sales which hit $9.4 billion.
Australia Slaughters Thousands of Ducks to Contain the Avian Flu Virus
Australian authorities have ordered on Wednesday the destruction of some 24,000 ducks in Victoria to contain the spread of the avian flu detected in the southern region of the country.
Bank Fees Class Action Lawsuit Expands, May Target More Lenders
The bank fee class action lawsuit filed by Australians has expanded with the complainants now questioning $216 million exception fees collected by the lenders.
Report: Nokia Hints of 'Prettier' Handsets with More Wireless Functions
The new generation of Nokia smartphones have been envisioned to tread more on the path of aesthetics.
Job Cuts Loom in BHP, Holden, Manildra, Reckitt Benckiser
The worsening unemployment forecast feared in Australia as a result of another round of global crisis appears to be unfolding as early as the second month of 2012.
Holden Revises Elizabeth Production Shift, Admits Impending Job Cuts
Holden announced on Thursday the immediate implementation of new measures that it said will allow the carmaker to sustain its current production capability while bringing down costs at the same time.
Australian Institute Urges Annuities Reform for Retirees, National Insurance Pool for Flood Areas
The Federal Government is urged by the Actuaries Institute in its pre-budget submission to address two national priorities in the coming Budget: removing barriers to allow ageing Australia to better prepare for retirement with realistic annuity options; and creating a temporary national insurance pool for high flood-risk properties.
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