BUSINESS

So now for the hard part of 'saving' Greece a second time in 13 months and hopefully making sure it will be the last.

Despite a positive start, Australian stocks closed at a near 10 month low today as markets around the Asian region tumbled after European governments failed to agree on a new bailout package for Greece.

Independents Andrew Wilkie and Nick Xenophon have presented bills to phase out the live export trade over the next three years.

The vaunted mining boom may have largely fueled up the national economy yet in the case of the Northern Territory, its residential construction industry appeared to have absorbed the negative impacts of the two-wind growth.

U.S. stocks closed higher Friday, snapping a six-week losing streak, as hopes intensified for a resolution to the Greek debt crisis.

Struggling with dwindling sales numbers while addressing the continued onslaught of Apple smartphones and their cheaper counterparts powered by Google’s Android, Finnish mobile giant Nokia aims to arrest its sliding market shares by refocusing its energy towards the lucrative Asian market.

- OceanaGold has revised its mine plan for Didipio- Brokers see this a key de-risking event- The market is ascribing no value to the projectBy Greg PeelOceanaGold's ((OGC)) core mining operations are centred in New Zealand, but the company's exciting prospect for expansion comes in the for...

(This story was originally written and published on Wednesday 15th June, 2011. It has now been re-published to make it available to non-paying members at FNArena and to readers elsewhere).

New research suggests the great Australian dream of owning a large, detached house no longer exists.

More than a thousand of Australia’s corporate heads spent last night in the cold in order to raise funds and awareness for the homeless.

Harmful mineral oils from the printing inks used on cardboard can migrate into food if recycled cardboard is used for food packaging.

It might sound a bit melancholy, but Greece and the US economy will again dominate markets here and overseas in the coming week.

Despite all the gloom and doom from Greece, Europe and the US, as well as the glum tone on sharemarkets here and offshore, there was one unchallenged bit of good news for Australia over the weekend.

The Australian Dollar staged a rally back through the 1.0600 level after a lacklustre onshore session on Friday.

US consumer sentiment eased from 74.3 to 71.8 in June, below the consensus forecast of 73.5. The US leading index lifted by 0.8pct in May, well above the consensus forecast of a 0.4pct gain.

Paul Ceglia claims that in 2003 he signed a contract with Mark Zuckerberg that entitles him to half the holdings of Facebook Inc.'s co-founder and CEO. Last week, Ceglia said he underwent a polygraph test in New York last week to prove his claim. Now he wants to Zuckenberg to undertake the same lie detector test.

The Canada-based company has confirmed it will release the new touch BlackBerry Bold 9900/9930 in late August this year. The new Bold looks a lot like the previous version, but boasts of a 2.8" touch screen and claims to be the thinnest Blackberry phone yet. It has dimensions of 115 x 66 x 10.5 mm, and weighs approximately 130 grams.

Nortel Networks Inc. has received significant level of interest in patents that can be used for smartphone technology. Accordingly, it postponed an action sanctioned by a bankruptcy court in the United States from June 20 to June 27, at 9:00 a.m.Apple Inc., the maker of the iPad and the iPhone will be trying to outbid Google Inc. for the tech portfolio, Bloomberg News reports, citing two people familiar with knowledge of the matter said.

In yesterday's article, The Global Gas Race (see below), the suggestion was made that Citi analysts believed Origin Energy would "ditch" a second train at APLNG.

Understandably, global investors continued trimming their positions in the past month, remaining defensive, as they tried to work out whether the current Wall of Worry was a repeat of 2010's or more serious.

Figures out this week flesh out the dramatic impact of the floods and cyclones on Australia's minerals sector in the three months to March.

Our market has lurched downwards in sympathy for the rest of the world on Thursday as local investors large and small (and the hedge funds and other short term players) reckoned the bad news from Greece and the US economy was bad news for us.

- Global wine industry becoming increasingly competitive- Overcapacity in Australia pressuring prices- CBA suggests key for Oz producers will be ability to meet market needsBy Chris ShawOver the last 20 years or so wine consumption in Australia has grown strongly, while beer consumption has been rel...

India's Tata Steel has accepted the takeover offer of Rio Tinto for the Riversdale Mines in Africa, allowing the London-based mineral producer to have an edge over iron ore grade coal produced by Riversdale.

National Broadband Network (NBN) CEO Mike Quigley has been the victim of a Coalition smear campaign that has cost Australian taxpayers’ huge money, the Minister for Broadband, Communication and the Digital Economy, Senator Stephen Conroy said on Friday.

Australian companies are warned of the cyber security breach potential now that exposes critical information that now demands more attention.

Telstra Corporation Ltd downplayed reports indicating that it has finalised the finer details of the contract that embodies the giant telco’s $9 billion agreement with NBN Co. that will aid in the full roll out of the federal-sponsored national broadband network.

FNArena has added another video to its Investors Education section on the website. In this educational video, ATW's Jerry Simmons suggests investors should carefully watch copper and AUD/USD to anticipate what is going to happen with equities.

By Greg PeelThe Dow closed up 68 points or 0.5% while the S&P managed only 0.2% and the Nasdaq fell 0.