BUSINESS

World Market Overview 6/23/2011

The Australian share market closed higher on Wednesday on investor optimism that debt-burdened Greece will access more bailout money and avoid generating more financial turmoil.

Australian Stock Market Report 6/23/2011

The Federal Reserve cut its forecast for US economic growth, following the FOMC meeting. The Fed downgraded 2011 growth from the range of 3.1-3.3pct to 2.7-2.9pct.

The Economy: RBA Reluctant To Move Rates Higher

The Reserve Bank is trying to convince us that it is serious about another rate rise, but it is just as reluctant not to pull the trigger because of the weak state of large parts of the domestic economy.
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Buy-side investors favor emerging markets, but prime brokers 'hold the keys to kingdom'

Institutional buy-side investors see the emerging financial markets as a source of ongoing positive returns as developed markets continue to show slower growth and increased risks. According to TABB Group in new research published today, prime brokers hold the key to the hardest-to-access markets based on their ability to provide cost-efficient access products as well as technology platforms, including direct markets access (DMA) systems and cross-region, cross-asset portfolio management too...

Mine To Magnet

By Richard (Rick) MillsAs a general rule, the most successful man in life is the man who has the best informationThe rare earths are a group of 17 elements comprising Scandium, Yttrium, and the Lanthanides.

Global Markets Overview 06/22/2011

U.S. stocks closed sharply higher Tuesday, notching a fourth-straight day of gains, as investors bet Greece will take the appropriate actions toward averting a sovereign debt default.

The Economy: Why Savings Are Rising

The reticence of Australian households to spend has been well-documented, but yesterday we got news that was mixed, to say the least about why they are saving.

Australian Stock Market Report - Midday 21 June 2011

The Australian sharemarket is making up for yesterday’s pullback and the All Ordinaries index (XAO) is 0.8 pct or 36.3 pts stronger to 4548.8. Almost all sectors are higher with the mining and energy players amongst the most significant improvers at lunch.

Pressure Lingers For Uranium

By Greg PeelThe week before last saw minimal activity in the spot uranium market which was largely a result of attendance at the World Nuclear Fuel Conference, but last week was hardly a hive of activity either.

No Quick Respite In Sight For Oz Equities - Russell Investments

- Russell Investments remains cautious on investment outlook- Global equities slightly cheap, better value relative to Australian shares- Australian dollar remains overvalued- Reversal in commodity markets still expectedBy Chris ShawAs Russell Investments points out, the recovery in global share mar...

Report: Microsoft axes some Skype top executives

Its acquisition of Skype almost a certainty with the recent regulatory approval pushed by the $8.5 billion deal, Microsoft gears up its consolidation move on its new pet by letting go of executives that experts said is a move that would save up some cash for the new owners of the fairly popular internet calling firm.

Aussie banks raked in $4B from households alone

Australians are still paying too much in bank fees, with banks raking in over $4 billion in 2010 from bank fees on household accounts alone, according to financial comparison website RateCity.

Global Markets Overview 06/21/2011

A pledge by European leaders to head off a Greek debt default helped push U.S. stocks higher Monday, easing the market's recent sovereign-debt jitters.

LulzSec, Anonymous team up to steal and expose government secrets

Anonymous, the hacker collective famous for performing cyber attacks as public retribution, has reportedly teamed up with LulzSec, the hacker group that attacks mostly for entertainment, for a mission going by the title AntiSec (Anti-Security) which seeks to expose any government-classified information that can be stolen.

Housing stock falls short of desires

Australians are ready to opt for housing types outside the traditional "detached home on a large block" stereotype, according to the Grattan Institute, but the housing market is not supplying dwellings to meet their needs.

Listeria found at US Kellogg bakery

The US Food and Drug Administration has found traces of listeria at an Augusta, Georgia, bakery owned and operated by US cereal giant Kellogg.

Patties donates a day of Four'N Twenty to Foodbank

Patties Foods has announced plants to donate a full day’s production worth of its iconic Four’N Twenty pies - 138,000 pies in total - to Australia’s largest hunger relief organization, Foodbank.

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