BUSINESS

Australian Dollar Outlook 07/21/2011

The Australian Dollar has opened higher this morning and is currently trading above USD 1.0700, following a strong night on equity markets and improved investor risk appetite.

World Markets Overview -(7/21/2011)

MarketU.S. stocks closed lower Wednesday as investors traded cautiously a day after the Dow Jones Industrial Average notched its biggest advance of the year. The Dow finished down 15.51 points, or 0.12%, at 12571.91, after fluctuating between positive and negative territory for much of the session.

Australian Stock Market-Morning (7/21/2011)

MORNING REPORT (7am AEST)US existing home sales fell by 0.8pct in June to a 4.77 million annual rate. Economists had tipped a result near 4.90m. The median home price was up 0.8 per cent on a year ago. But the stock of unsold homes rose to a 8-month high of 9.5 months. Other data from the Mortgage Bankers Association showed that applications for US home mortgages rose 15.5pct last week to the highest level in four months.

Daily Forex Forecast 7/21/2011

Australian Dollar: The release of the July RBA board minutes on Tuesday signalled an air of caution as far as any near-term rate rises are concerned pushing the Aussie down a third of a US cent in the process.
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Australian Stock Market - CLOSING (7/20/2011)

AFTERNOON REPORT (4.30pm AEST) An estimated $23 billion in value was added to the local share market today. Stocks rallied on hopes Washington would reach an agreement to raise the US debt ceiling before the August second deadline. A debt ceiling is the name given to the maximum borrowing power of a government, and overnight US President Obama expressed optimism that a deal to raise that borrowing power would soon be reached. Strong company earnings results released in the US overnight also b...

Lenovo Launches Three iPad Contenders

Lenovo has stormed the tablet market with a triple threat, launching the IdeaPad Tablet K1 for consumers, the ThinkPad Tablet for business customers, and the IdeaPad Tablet P1 for home and office use.

Resources Boom Makes Gladstone the No.1 Property Hotspot

Queensland’s city of Gladstone is now number one among Australia’s property hotspots, thanks to the resources boom. The regional city was chosen for Australian Property Investor magazine’s annual Hot 100 this year, which lists 100 locations around Australia where property prices are expected to rise.

BHP Billiton's Coal Production Exceeds Expectations

The world's largest mining company - BHP Billiton - reported today better-than-expected production of steel-making coal, which it hopes to bring into full recovery by year-end. This is welcome news on the heels of Tueday's announcement of the company's 11th record production of iron ore.

Australian Stock Market -MIDDAY-(7/20/2011)

MIDDAY REPORT (12pm AEST)The Australian share market is posting solid gains in early trade, on the back of positive offshore leads and generally firmer commodity prices. At lunchtime in the East, the All Ordinaries Index (XAO) is firmer by 74.5pts or 1.6pct to 4613.9.

Global Markets Overview 07/20/2011

The Dow Jones Industrial Average notched its biggest point gain of the year as investors cheered International Business Machines' strong earnings and President Barack Obama's praise for the $3.7 trillion deficit-reduction plan.

Uranium Market Tentative

By Greg PeelThe spot uranium price rebounded somewhat the week before last once a big sell order cleared the market.

South Africa to Create State-owned Pharmaceutical Firm?

South Africa plans to set up a state-owned pharmaceutical company, a senior official in the ruling ANC party said on Tuesday, a move that could squeeze local players in one of the world's biggest market for anti-retroviral drugs.

Google+ Could Steal Users Who Don't 'Like' Facebook

Although Facebook is the most popular site in America, consumers "don't like" the social networking site, according to the 2010 American Customer Satisfaction Index (ACSI) E-Business Report, produced in partnership with ForeSee Results. Facebook scored 64 on the ACSI's 100-point scale, which puts its satisfaction even lower than IRS e-filers.

Australian Stock Market Report-Morning (7/19/2011)

The US National Association of Home Builders housing market index rose from +13 to +15 in July, above forecasts. Net capital outflows from the US totalled US$67.5 billion in May, compared with inflows of US$66.6bn in April.

Global Markets Overview 07/19/2011

U.S. stocks fell to their lowest close this month Monday as fresh jitters over European sovereign debt and the lack of progress in U.S. debt ceiling negotiations sparked a flight from risky assets.

Australian Stock Market Report-CLOSING (7/19/2011)

AFTERNOON REPORT (4.30pm AEST)The local share market once again finished flat, with the All Ordinaries Index (XAO) virtually unchanged at 4539.4. The S&P/ASX 200 Index (XJO) closed down 3.9pts to 4468.1.

Signs Point to Apple iPhone 5 September Release

It is now looking more like th eApple iPhone 5 will be released in September as subcontractors of the leading American phone manufacturer have confirmed to be gearing up for the said date of release, reports said.

Australian Stock Market Report-MIDDAY (7/19/2011)

MIDDAY REPORT (12.15pm AEST)Australian shares are trading flat at lunchtime in the East, as gains from energy players are offset by losses from the financials. The All Ordinaries Index (XAO) is down 0.7 of a point to 4539.2pts. Energy players are faring best, with the sector firmer by 0.8pct. Woodside Petroleum (WPL) shares are up 1.7pct to $38.90 after reporting a 17pct rise in 2Q 2011 revenue to $1.19 billion. Production for the same period fell 7pct.

ING Direct Delivers Broker Ultimatum

ING Direct has warned that brokers could become irrelevant as a distribution channel for the lender if they continue to send the majority of loans to the big four.

Why Successful Executives Require a Personal Board of Directors

The 'natural' ability to be self-aware falls within the realm of a rarified group of individuals. Self-awareness is reliant on a set of complex skills not intuitively shared by all. As a leader of others, one needs to understand and recognise a sophisticated set of variables that include: our own motivational drivers, an ability to step outside oneself, the capacity to understand what turns your team on and why they show up each and every day and the ability to read body language and other...

What Not to Do when Refinancing your Loan

With fixed rate loans dropping to levels below or equal to variable rate loans, there's never been a better time to shop around for a new mortgage. When it comes to changing your mortgage, however, there is a right way and a wrong way to go about it.

It'll Come Down to The CPI, Says RBA

By Greg PeelEconomists had long expected the RBA would wait to see the results of the June quarter CPI release, due later this month, before making its next move in interest rates.

Cars Now Getting Better Climate Grades

According to the University of Michigan's Eco-Driving Index, CO2 from new cars in the U.S. is down 14 percent from 2007. That's a significant gain, especially since the number of American drivers is up four percent.

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