BUSINESS

Economy Watch: Stevens Remains A Hawk

By Greg PeelAs I noted in my report earlier this month on the RBA's June monetary policy statement, the following paragraph from the May statement, which had many economists suddenly expecting a June rate rise, was gone in the June statement:"Looking through these short-term movements, however,...

Feature: Dominos Poised

Lot's of talk about dominos in European banks and economies if Greece defaults, while from across the Atlantic, a growing realisation the US economy is approaching stall speed, as the Fed's punchbowl is being closed off.

Australian Stock Market Indicators 06/17/2011

The Philadelphia Fed manufacturing index fell to a two year low easing from +5.4 to -7.6 in June. The result was well below expectations with analysts expecting a reading around +16.8. Across the sub indices, new orders were substantially weaker while inventory levels also fell.

Rural: Grain Boom Continues

Australia's winter grain crops are in very good shape, according to the quarterly update from the country's premier forecaster, the Australian Bureau of Agricultural and Resource Economics and Sciences.
More news

Australian property values weaken further in Q1

National property values fell by 2.1 percent during the first quarter of 2011 made worse by weak results from January and February, an inaugural report from Commonwealth Bank and RP Data has revealed.

Newcrest Mining gears up for divestiture spree

Newcrest Mining Ltd is likely adding its Bonikro gold site in the Ivory Coast following its Wednesday announcement that it will divest its non-core Queensland assets in Cracow and Mount Rawdon, reports said.

China convicts Foxconn employees on iPad 2 leak

China has convicted three people accused of conspiring to steal the casing design of iPad 2 last year, according to reports, which also said that two of those found guilty were previously connected with Foxconn, the Taiwanese manufacturer of Apple’s gadget product lines.

'Brodie's law' increases emphasis on workplace bullying

The recent passing of the Crimes Amendment (Bullying) Act 2011 by the Victorian parliament introduces the possibility of up to 10 years imprisonment for workplace bullies. The Act amends the stalking provisions of the Crimes Act 1958 to make it clear that serious bullying may amount to stalking.

LulzSec's Hacking Continues, Who is next?

LulzSec has an ancient Greek sailboat mimicking the Odyssey, with a distinctive sail "LOL" on its webpage. Recently, it has indeed rammed through firewalls of companies including Sony Corp. and has even threatened the United States government websites.

Apple to pay Nokia for every iPhone sold

Nokia Oyj won a patent fight with Apple Inc., in a settlement that awards a one-time payment and royalties to Finnish handset maker.Nokia did not disclose financial terms of the settlement but said the agreement would have a "positive financial impact" on Nokia's second-quarter results.

Tech giants fighting over Nortel's patents

Among the assets of Nortel remaining are its patents and patent applications. Search giant Google Inc. has inked a deal to lead an auction for the patents with its $900 million offer to buy the patents. The Google-led auction supervised by a bankruptcy court in the United States will be held on June 20 at the offices of law firm Cleary Gottlieb Steen & Hamilton LLP in New York. The bankruptcy court will evaluate the auction results at the end of the month.

Rising food prices altering people's diets

People around the globe are changing what they eat because of the rising cost of food, according to a new global survey released today by international aid agency Oxfam.

Smartphones spark rising rudeness among phone users

The rising influence of smartphones has negatively impacted the mobile phone behaviour of many Australians as a new online survey conducted by giant telco Telstra showed that 80 percent of the country’s phone owners displayed rude attitude while engaged on their handsets.

Australia's consumers wiser than ever

The uncertain times have made Australian consumers less of a spendthrift and all the more of the conservative shopper preferring to stay clear of debts and save as much from their pocketed incomes.

Google adds new search offerings for desktop users

Amidst the industry's focus on growing popularity of smartphones and tablets, Google, Inc., operator of the world's most popular search engine, said at an event in San Francisco California, it has made improvements for conducting Web searches in desktops, the device still used for the bulk of queries in Google.

Rio Tinto speeds up Pilbara Region project

Driven to take advantage of current ore prices and be ahead of its peers, Rio Tinto Ltd (ASX: RIO) and its partners have decided to hasten the development in its project in the Pilbara Region in Western Australia by earmarking some US$676 million of funding for early works and procurement.

Equities Not Doomed As Yet

FNArena has added another video to its Investors Education section on the website. In this educational video, ATW's Jerry Simmons explains weakness at the opening of the month was "strategic" as it led to the S&P500 weakening into and below the 1290-1295 zone.

Updates: IAG Goes For Asia, Again

Not the best way to start an investor day briefing for Insurance Australia management with news of another round of earthquakes and damage from Christchurch headlining news broadcasts and at the forefront of investor's thinking.

Moonlight serenade

For many employers, discovering that an employee has earned extra income from some form of 'moonlighting' is a dismissible offence.

World Market Overview 06/14/2011

Buyout activity helped U.S. blue chip stocks eke out a slim gain Monday, though the economic worries that have driven six straight weeks of losses kept traders cautious and weighed on the technology sector.

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