Foreign Developers Hold One Third of Aussie Apartment Market
Overseas investors hold one third of the new Australian apartment market. That's about 13,000 apartments in 37 projects spread across Australia, said property group CBRE.
Australian Stock Market Report - Afternoon 12/21/2011
The long-awaited Christmas rally finally came true for investors today, who were willing to buy equities following a strong showing on offshore markets in the wake of positive economic data out of both the US and Germany. All sectors on the local share market recorded growth, with the All Ordinaries Index (XAO) firmer by 83pts or 2pct to 4190.
Coal Miners Face Softer Export Markets In 2012 – Fitch
Softer export markets and shifts to use of natural gas will offset the benefits of lower stocks and consolidation for many coal producers in 2012, according to a report by Fitch Ratings.
BHP Billiton to Sell 51% Stake in Chidliak Diamond Project in Canada
Australian mining giant BHP Billiton (ASX: BHP) announced on Wednesday that it has agreed to sell its 51 per cent stake in the Chidliak diamond exploration project in Canada to Peregrine Diamonds (TSX: PGD).
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AT&T Ends Quest to Takeover T-Mobile
AT&T announced on Monday that it has officially withdrawn plans to acquire T-Mobile USA from Deutsche Telekom, effectively ending the $39 billion merger deal that the two telcos sealed earlier this year.
Dec 24-27 are Bank Holidays
Australian banks reminded customers on Wednesday that Dec 24 until Dec 27 are bank holidays. That means that payments between the banks and other financial institutions would not be processed during the four-day period.
The Trader's Plan
By James Stanley, Trading InstructorThe Trader's Plan"Good fortune is what happens when opportunity meets desire.
Will iPad Mini Compete With Kindle Fire?
If rumors are to be believed Apple Inc. will be releasing a mini iPad in addition to the next generation iPad 3 next year. According to Digitimes, a 7.85 inch iPad will be released before the fourth quarter of 2012 and the new iPad at the end of the first quarter.
Global Markets Overview - 21 December 2011
From Morrison Securities Pty. Ltd.
U.S. stocks rallied as domestic home building jumped to the highest level in nearly two years and another successful Spanish debt auction buoyed investor sentiment.
Aussies Staying Home For Christmas
- Oz consumers signal they are more likely to stay at home this Christmas- Those that want to travel are more likely to go overseas- It probably has never been this cheap to travel overseas for AustraliansBy Andrew NelsonA new survey from Westpac isn't likely to be celebrated by the Australian ...
Explaining NR7s And Doji's
FNArena has added another video to its Investors Education section on the website. In this video, ATW's Jerry Simmons' analysis zooms in on NR7s and doji formations.
The Overnight Report: Rally!
By Rudi Filapek-VandyckUS equities rallied by up to 4% (Russell2000) on positive news from Europe and from the US housing market.
Practice of Giving Money to Kids as Christmas Gift is on the Rise in Australia
More kids aged 6 to 13 are receiving money as Christmas gifts instead of boxed presents. Market research firm Roy Morgan, in a report released on Tuesday, said 66 per cent of young Aussies get cash as Christmas present, up from 62 per cent in 2007.
Orica Plans to Build $700-Million Ammonium Nitrate Plant in Pilbara Through JV With Apache
Orica (ASX: ORI) seeks to end Wesfarmers' (ASX: WES) monopoly in the manufacture of explosives in Western Australia by planning to build a $700-million ammonium nitrate plant in Pilbara through a joint venture with U.S. energy firm Apache.
Woodside Petroleum Defers $30 Billion W. Australia LNG Project to 2013
Woodside Petroleum (ASX: WPL) sought permission for the West Australian (WA) government to postpone its decision on the proposed and controversial $30 billion Browse liquefied natural gas (LNG) project to 2013 from mid-2012.
Woolworths Buys 31 Pubs for $500 Million
Australian supermarket giant Woolsworths (ASX: WOW) bought 31 pubs worth $500 million across New South Wales.
Billabong Stocks Dip 34% Due to Chilly Summer
Stocks of Billabong International Limited (ASX: BBG) fell 34 per cent after the Gold Coast firm forecast lower earnings for the first half of the financial year and issued a profit downgrade due to the chilly summer weather.
Yanzhou Coal Mining of China in $8-billion Merger Talks With Gloucester Coal
Yanzhou Coal Mining of China is in an $8-billion merger talks with Gloucester Coal of Australia. In anticipation of the takeover, Gloucester (ASX: GCL) will halt trading on its stocks on Tuesday.
Australian Stock Market Report - Morning 12/20/2011
European shares were mixed on Monday. Despite no further downgrade of sovereign credit ratings, investors remained cautious.
Global Markets Overview - 12/20/2011
U.S. stocks fell Monday after European Central Bank President Mario Draghi made cautious comments on the state of Europe's economy and as bank stocks sagged in expectation of tighter capital standards.
A Century Of Public Debt And What Have We Learned?
By SM Ali Abbas, Nazim Belhocine, Asmaa El-Ganainy and Mark HortonAs policymakers continue to grapple with high debts and the troubles that come with them, this column looks at the lessons from data on public debt in 178 countries stretching back as far as 1880.
Mario Draghi Sticks To The Spirit Of The Treaty
By Kathleen Brooks, Research Director UK EMEA, FOREX.comPrice action may feel like the markets have ground to a halt as we wait for the Christmas break; however headline risk is as strong as ever as we get close to the end of the year.
The Overnight Report: Yet Another Disappointment
By Rudi Filapek-VandyckThe Dow ended down 100 points at 11766, the S&P fell 1.2% to 1205, and the Nasdaq lost 1.
Canadian Eldorado Gold Offers $2.4 billion to Buy European Goldfields
Canadian gold and iron miner Eldorado Gold Corp. wants to buy European Goldfields Ltd. in cash and shares worth $2.4 billion, in an effort to add its gold reserves.
Internet, Magazines Help Aussies Renovate Homes
The Internet and magazines helped 8 million Australians who renovated their homes in the past 12 months.
Dismal Retail Condition Still Stirs Optimism
As Myers and other major retailers revealed plans to reduce their store numbers to survive the ongoing slump, sellers' group has expressed optimism that a considerable pick up late into the holiday season could offer some relief.
Orica Logs 148 Safety Violations in 11 Years
About 4,000 litres of sulphuric acid leaked on Friday from the Foreshore Road Plant of Orica in New South Wales (NSW). It was the sixth industrial accident to hit the chemical manufacturer since its Kooragang Island plant suffered a carcinogenic chemical spill over the Newcastle suburb of Stockton in August.
Refund Brokers Still Eyeing Bid
Refund Home Loans franchisees still plan to bid for the business, but have expressed frustration with administrator SV Partners.
Australia Allows Entry of Pacific Islanders as Seasonal Agri Workers
The Australian government announced on Sunday that it would allow by July 2012 the entry to the country of season workers from the Pacific Islands to be employed in fruit and vegetable farm
Kia Rio Puts Your Auto Experience in 'Flight Fancy' With New Animation Movie
If you want your car to be innovative within an upmarket-yet- affordable range, then the Kia Rio is the perfect ride to invest on.
NZ Air Force Plane Drops Supplies to Ice-trapped Russian Ship
A New Zealand air force plane on Monday dropped fuel and pumping equipment beside a Russian fishing vessel stranded in an Antarctic ice shelf and taking on water because of a hole in its hull.
Drilling Platform Falls into Sea While Being Towed, 50 Missing
A drilling rig with 67 people fell into the icy Sea of Okhotsk off Russia's far eastern island of Sakhalin on Sunday while it was being towed amid rough waters. The accident killed four people and 50 were lost at sea.
Qantas Ends Industrial Dispute With Aircraft Engineers
Qantas has ended its industrial dispute with aircraft engineers after both parties agreed to a 3 per cent annual wage increase for the next three years. However, the other demands of the Australian Licenced Aircraft Engineers Association (ALAEA) such as the construction of a new engineering hangar, was rejected.
Coca-Cola Amatil Trading Update Lacks Fizz
- Coca-Cola on Friday updated earnings guidance- Guidance broadly disappointed (as predicted by some)- Estimates trimmed across the market- Credit Suisse downgrades to an Underperform ratingBy Chris ShawOn Friday Coca-Cola Amatil ((CCL)) offered a trading update to the market, management indicating ...
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