BUSINESS

Comprehensive credit reporting

Australia is on the cusp of making major changes to its credit reporting regime, but whether the new system will be better for brokers’ clients is still up for debate.

Shortage of skilled accountants looming

Despite the latest forecast showing a slight oversupply for accounting and auditing professionals for the next five years, employers will face difficulties in recruiting personnel as the demand for multi-skilled staff increases.
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Apple's iPhone: setting the bar for all smartphones

Since the release of the first model four years ago, Apple's iPhone has been blazing the trail for all smartphones. A decade ago, in the age of mobile calling and sending short messages, Finland-based Nokia was the king. Then came Research in Motion's BlackBerry, with its bigger display and QWERTY keyboard providing U.S. President Barack Obama and others a more convenient means of sending instant messages and e-mail. But in the age of the mobile Internet and apps, iPhone has been atop e...

Australian Dollar Outlook 7/08/2011

The Australian dollar has opened higher this morning, buoyed by positive sentiment in offshore markets overnight.

Bradken Acquisitions Spark Broker Upgrades

- Bradken announces two acquisitions- Deals should boost earnings and product offering- Stock upgraded to Buy by Credit Suisse and Deutsche BankBy Chris ShawIn May Bradken ((BKN)) announced a capital raising, one that was seen by brokers as dilutive to earnings in the absence of any associated acqui...

Australian Stock Market Report - Midday 07/08/2011

The Australian sharemarket is gaining for the third straight day with the All Ordinaries index up 0.9 pct or 44 pts to 4710.1. All sectors are trading higher with the energy and mining sectors the best performers.

Murdoch to shut down 'News of the World'

Rupert Murdoch will shut down Britain's biggest selling Sunday newspaper, the News of the World, in a startling response to a scandal engulfing his media empire.

Carbon Tax Impact on Coal

By Greg PeelAustralia's coal industry is making as big a song and dance as it can about the crushing impact of the government's planned carbon tax, as well it might.

The Overnight Report: A Load Of Bull

By Greg PeelThe Dow rose 93 points or 0.7% while the S&P gained a more impressive 1.1% to 1353 and the Nasdaq added 1.

Don't wear too many 'hats': ALCo

Brokers who choose to add risk insurance and financial planning into their business may be stretching themselves too thin, according to aggregator Australian Loan Company (ALCo).

Home buyers looking to borrow more

Prospective home buyers are borrowing more today compared to 12 months ago, according to independent mortgage comparison website Yourmortgage.com.au.

Top 10 growth industries for 11/12 revealed

As industry gets set to embark on a new financial year, business information research firm IBISWorld has released its annual list nominating the top 10 industries set to soar in 2011-12 and the top 5 worst-performing.

The Great Facebook Challenge - It's Big Business

The Winklevoss Twins are set to continue their endless legal fight with Facebook. Why do you think they persist with court action after court action? Because Facebook has only just got started and they know that.

Refis still alive: MFAA

The MFAA has claimed refinancing is still alive in spite of a flat mortgage market.

NBN seeking training firms for staff

The company building the national broadband network has put a call out for providers to train workers needed for the $35.9bn project.

Global Markets Overview 7/8/2011

COMMSEC MORNING REPORT (7am AEST)US same store sales rose by 6.5pct in June - well ahead of expectations for a 4.9pct rise. Of the 23 chain stores tracked by Thomson Reuters all but four of the chains reported an increase. The ICSC expects sales to rise by 4.5-5.5pct in July.

World Market Overview 7/08/2011

Australian stocks ended flat as gains in the retail sector were offset by losses caused by uncertainty over the government's carbon price plans.

Australian Stock Market Report 7/08/2011

US same store sales rose by 6.5pct in June - well ahead of expectations for a 4.9pct rise. Of the 23 chain stores tracked by Thomson Reuters all but four of the chains reported an increase. The ICSC expects sales to rise by 4.5-5.5pct in July.

Oil: Beach’s $24 Million Cooper Campaign

Beach Energy says it and its 30% partner, Cooper Energy, plans to spend $24 million on nine exploration wells in the Cooper Basin region of Central Australia.

China: Rate Rise Surprise

China has lifted interest rates a third time this year and for a 5th time in the last eight months.

Australian Stock Market Report 7/07/2011

The US ISM services index eased from 54.6 to 53.3 in June, below forecasts centred on a result near 54.0. While employment rose slightly and prices paid eased, the new orders sub-component also fell.

Australian Sharemarket--Closing- 7/7/2011

MARKET CLOSE - CommSec Report (4.30pm AEST)The Australian sharemarket has managed to end higher by the most modest of margins for the third time this week despite being around 0.4 pct lower at one point this morning.

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