BUSINESS

Australian Stock Market - Morning 08/29/2011

US Federal Reserve chairman Ben Bernanke didn´t unveil fresh stimulus measures in a speech delivered on Friday but said that the central bank was ready to use additional tools to boost growth. The September policy meeting has been extended to two days to consider new measures.

Global Markets Overview 08/29/2011

U.S. stocks closed higher in whipsawed trading Friday as investors applauded Federal Reserve Chairman Ben Bernanke's stern remarks about the struggling economy and his decision to leave the door open for additional accommodative measures.

REPEAT Rudi's View: Gold And Dividends

(This story was originally written and published on Wednesday, 24th August, 2011. It has now been re-published to make it available to non-paying members at FNArena and to readers elsewhere).

Metcash, Free to Acquire Franklins

The Federal Court's dismissal of an application by the Australian Competition and Consumer Commission (ACCC) has enabled Metcash to proceed with its acquisition of the Franklins chain of supermarkets from Pick ‘n Pay.
More news

Bankers Back RBA Governor’s Positive Testimony

The Australian Bankers Association is endorsing statements by the Reserve Bank governor that the Australian economy is in a good position to weather heightened global uncertainty, partly due to solid, safe and healthy banks.

Climate Laws will Supercharge Solar, says AuSES

A not-for-profit national organisation dedicated to promoting the use of solar energy in Australia today called for all components of the Clean Energy Future package to be passed into law by the end of 2011.

Steel: Australia’s Big Fall

Amid all the talk and dire headlines about the decision by BlueScope Steel to close two plants and sack 1,000 people this week, there's been very little examination of just what's happening to steel demand.

Global Markets Overview 08/26/2011

U.S. stocks dropped Thursday after three days of sharp gains as Warren Buffett's $5 billion investment in Bank of America failed to stoke investors' appetite for risk ahead of Federal Reserve Chairman Ben Bernanke's speech Friday.

Profits: Woolies Hit By Sluggish Growth Forecast

It shouldn't have been all that unexpected that the guidance for the current 2012 financial year from giant retailer Woolworths would not be up to its previous high levels of sales and profit growth.

Feature: Can Australia Be Damaged?

Tonight we get an update on the strength of the US economy and a much awaited speech from Fed chairman, Ben Bernanke which some in the market reckon will reveal a new move to stimulate the slowing economy.

Tim Cook as New CEO, a New Era for Apple?

The world might have recovered a bit from the recent news of Steve Job’s resignation from Apple Inc. As Chief Executive Officer. It’s a good time to focus on the man who will be filling his shoes, Apple’s former Chief Operating Officer, Tim Cook.

Leighton Shake-up Stuns Investors

Leighton Holdings announced today the appointment of Hamish Tyrwhitt as Chief Executive Officer and Managing Director. With immediate effect, Tyrwhitt will be replacing David Stewart after barely eight months in the job.

Steve Jobs Resigns; Tim Cook is New Apple CEO

Apple Inc. co-founder Steve Jobs resigned Wednesday as chief executive officer. He was succeeded by chief operating officer and right-hand man Tim Cook but will continue to serve as chairman of the board.

iPhone 5? Steve Jobs Resigns Before New Smartphone Launched

After unveiling the iPad 2 tablet, the Mac OS X Lion operating system, the iCloud, the MacBook Air laptops, Apple Inc. made its biggest announcement this year on Wednesday, and its not the highly anticipated iPhone 5: Steve Jobs is resigning as chief executive of Apple.

QE3 Disappointment Ahead

- Talk is that the Fed will announce QE3 at Jackson Hole 2011- The Fed did not announce QE2 at Jackson Hole 2010- No formal policy announcement is expected on FridayBy Greg PeelIt was at this time last year at the Fed's Jackson Hole retreat, we have oft been reminded recently, that Ben Bernanke...

Pages