Australian Miners Warn of Lending Restriction Spreading Outside Europe
Large Australian mining companies warned of the impact of worsening European debt crisis on their financial operations, particularly availability of credit.
World Markets Overview 11/29/2011
U.S. stocks rose as euro-zone leaders negotiated a new pact to stem Europe's sovereign-debt crisis and a strong start to the holiday shopping season helped boost the retail sector.
Australian Stock Market Report - Morning 11/29/2011
US new home sales rose by 1.3pct in October - marking the fastest pace of growth in five months. The supply of new homes on the market eased modestly from 6.4 to 6.3 months supply. The Dallas Fed Manufacturing Index rose from 2.3 to 3.2 in November.
Citi Not Joining The Crowd On OrotonGroup
- Citi initiates on Oroton With Neutral rating- Stockbroker sees stock as fair value at present- Asia offers upside potential but some time away- Only non-Buy recommendation in FNArena databaseBy Chris ShawPrior to today, luxury goods retailer OrotonGroup ((ORL)) was rated as a Buy by all four broke...
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Retailers Forecast Aussie Families will Spend More on Food than Presents for Christmas 2011
The Australian Retailers Association warned members Monday to brace for weak Christmas sales based on the performance of the retail sector for the last 18 months.
Steve Jobs: Hero and Villain in Building the Digital Electronics Era
In reading the biography of "Steve Jobs" written by Walter Isaacson one gets to grasp the man is no god, he was quite human in all aspects that some readers would actually be disappointed of the truths revealed.
ASX Launches High-Frequency Trading Platform to be Head-to-Head with Chi-X
The Australian Securities Exchange (ASX) launched its high-frequency trading platform, ASX Purematch, in a bid to boost its competition with the Chi-X Australia, which has gained over 2 per cent market share in less than one month of trading.
Rio Tinto Remains Upbeat Amidst Softening Commodities Market
The international market for commodity products could be softening thanks to financial crises in Europe and the United States.
Campbell Soup Maker Hits Recessionary Mindset of Aussies
The cost-cutting measures initiated by Australians are affecting the bottomline of manufacturers. One of the food producers, Campbell Soup, admitted being hit by the weak consumer environment in Australia.
NSW Floods Isolate 2 Towns, Drowns Boy
Floods triggered by heavy rains have isolated two towns in northern New South Wales and swept away a boy leading to his death.
On Mining Tax: Greens Party 'Overestimates' Australia's Gold Industry Revenues
The mining consultant of Surbiton Associated doubts the Greens' estimate of the Australian gold industry in relation to how much the mining tax would generate if it would to apply to the gold industry.
Woodside Disappoints
- Woodside guidance disappoints on production, capex- Stockbrokers lower forecasts, price targets- Confidence in management shaken says BA-ML- Buy ratings still dominateBy Chris ShawWoodside Petroleum ((WPL)) held its annual investor update last Friday and the news with respect to production guidanc...
Rio Tinto Gets Approval for Chinalco Mineral Exploration in China
Rio Tinto and Chinalco joint venture (JV) for exploration in China - Chinalco Rio Tinto Exploration Co. Ltd. (CRTX) - has been officially registered as a business in China.
Black Friday and Cyber Monday: What it Can Mean to Retailers
Black Friday has for so long such a uniquely after Thanksgiving event and is more widely known as the principal earning day in retail-sales.
China’s Falling House Prices
The Chinese authorities have succeeded in making good on their promise to lower property prices, but this bid to make housing affordable for the greater half of the Chinese population mightprove particularly costly for the Chinese economy as a whole.
Education the Answer to Low-Doc Compliance
Low-doc lenders need to provide brokers with better education, Pepper Home Loans has said.
NBN Co: National Broadband is Rolling Out Fine
The National Broadband Network (NBN) roll out is heading the right direction, according to NBN Co chief executive Mike Quigley and more will be accomplished once its $11 billion deal with Telstra Corporation gains approval from the competition watchdog.
No Christmas Carols for Aussie Retailers This Holiday Season
Despite the cut in cash rate implemented by the central bank this November, Australian retailers are far from being optimistic as key players reported of discouraging numbers that are at best, descriptive of challenging trading situations.
Report: Round 2 of Likely Microsoft-Yahoo Merger Emerges
Reports have emerged that Microsoft has rediscovered its interest on ailing search engine firm Yahoo, with tech news site Digital Trends confirming on Thursday that the two entities have agreed to commence preliminary procedures toward a possible deal.
Bank of Melbourne Opens BDM Access
Bank of Melbourne has expanded its BDM access in a move tipped by its new head of broker, Clive Kirkpatrick.
The World: Europe’s Slide Accelerating
The federal government plans to carve billions of dollars from spending in next week's mid year review to achieve a budget surplus in 2012-13 financial year.
A Comparison of Business Functions: Motorola, Samsung, Sony Ericsson Smartphones with Android Platform
Android smartphones have flooded tech stores worldwide and are distributed by a lot of vendors. In a way, it has somehow replaced the personal digital assistant (PDA) which originally has smart functions.
Peter Switzer: A Market Outlook
by Peter Switzer, Switzer Super ReportThe predicament we investors find ourselves in is reminiscent of Woody Allen's take on the Cold War where the threat then was a nuclear war.
Female Officer Defrauds Bank of $4.1 Million in 8 Months
The City Central Police arrested on Wednesday a 35-year-old Australian woman who was the manager of a bank and allegedly defrauded her employer of $4.1 million in eight months.
Qantas Promises No Strike for 4 Years, but..
Qantas assured its passengers on Thursday that the strike-prone flag carrier would not suffer from another industrial action for the next four years.
Global Markets Overview 11/25/2011
The euro fell to a new six-week low against the dollar Thursday after French, German and Italian leaders agreed not to widen the role of the European Central Bank to support weaker euro-zone state
Weaker Consumer Confidence Causes Kiwis to Cut Holiday Vacation Plans
New Zealanders are planning to cut on their holiday travel plans in the next 12 months. A report by Roy Morgan Research, a market research and public opinion survey firm in Australia, explained the reduction in travel plans to the weaker consumer confidence.
Australian Stock Market Report - Morning 11/25/2011
The German IFO survey edged higher in November, with all three indices recording gains. The headline business climate index rose from 106.4 to 106.6, against expectation of 105.2. The second estimate of UK September GDP growth was unchanged at 0.5pct.
The Overnight Report: Merkel Unmoved
By Greg PeelLondon's FTSE was down 0.2% while Germany's DAX fell 0.5% and France's CAC was flat.
Black Friday Tracking Through Cellphones
Black Friday in the U.S. means a lot of human traffic due to the number of people taking advantage of certain deals in different stores. Stores are definitely interested to find out which stores have more human traffic and which attracts more customers.
Harvey Norman Caves, Launches E-commerce Site
Retail store Harvey Norman has finally succumbed to the inevitable and has launched an e-commerce site.
Apple Black Friday Deals Leaked Online
Apple is whetting shoppers' appetites for the company's Black Friday sale with a simple Web page that only announces a "one-day Apple Shopping Event".
Best Online Black Friday Deals in the U.S.
For shoppers who don't want to get up at the crack of dawn and battle countless other buyers to look for the best discounts can do so from the comfort of their own homes.
Top 3 Headphones for 2011
The digital world has slowly invaded practically every single device on earth, even the smallest bit with the audio device. Various kinds of headphones have been released since the invention of the Walkman.
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