BUSINESS

Australian Stock Market Report - Morning 04/19/2011

Ratings agency Standard & Poor´s downgraded the long term US credit outlook to negative. S&P cited a risk that policy makers may not reach agreement on a plan to reduce the US federal budget deficit. White House spokesman Jay Carney said that a failure by Congress to lift the US debt ceiling would immediately arrest the US economic recovery.

Citigroup reports $3B net income for Q1

New York – Citigroup Inc. today reported first quarter 2011 net income of $3 billion, or $0.10 per diluted share. Net income declined $1.4 billion from the first quarter 2010, but more than doubled sequentially.

New price increase for petrol products

The Australian Institute of Petroleum reported a two-and-a-half-year high in the local price of unleaded petrol with motorists paying an average of $202 a month for full tank.
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Google's rising operational costs to erode earnings

Google Inc has to deal with the increasing salaries of employees and staff that could further erode strong financials if it does not make the most of advertising revenues from video and display advertising, analysts said.

REPEAT Rudi's View: A Change In Trend

(This story was originally published on 13th April, 2011. It has been repeated to make it available to non-paying subscribers at FNArena and to readers elsewhere).

Transforming PepinNini Offers New Potential

- PepinNini previously focused on uranium, but the company is now expanding into iron ore- Sinosteel JV provides funds for exploration- Intersuisse rates PepinNini a Speculative BuyBy Chris ShawSince listing in 2005 PepinNini Minerals ((PNN)) has been regarded by the market as a uranium explorer, an...

Watch Out Silver

FNArena has added another video to its Investors Education section on the website. In this broadcast ATW's Jerry Simmons analyses silver and the euro and comes to remarkably similar (potential) scenarios.

Australian Dollar Outlook 4/15/2011

The Australian dollar has opened trading this morning around USD1.0540 after a choppy session, with a nice bounce from its overnight low of US $1.0460.

The Overnight Report: Another Goldmans Moment

The Dow closed up 14 points or 0.1% while the S&P was flat at 1314 and the Nasdaq was also flat. From the opening bell, the Dow plunged 100 points last night on a combination of disturbing news.

Australian Bank Earnings Preview

- BOQ is in and not too bad- Mac Bank will probably meet guidance- For ANZ, NAB and Westpac it'll all be about margins and disaster debts- Valuations are not stretchedBy Greg PeelIt was always going to be a poor first half result for Bank of Queensland ((BOQ)) given the regional impact of the Queens...

Oil supplier BP to expand Adelaide fuel terminal

BP, the largest supplier of fuel to Australia’s mining and industrial sector, says it has plans for a $20 million expansion of its Largs North fuel terminal in Adelaide. This will allow the company to continue to grow its business in South Australia and provide customers with even greater security of supply.

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