Australia's construction industry remained in the red in February, although the rate of contraction eased, with the Australian Industry Group Australian Performance of Construction Index (Australian PCI) in conjunction with the Housing Industry Association, edging up 4.4 points to 44.6. Readings below 50 indicate a contraction in activity.
Australian mining firm Cape Alumina (ASX: CBU) has announced the good results and drilling potential in its Bauxite Hills mines.
Driving and facebook can be done at the same time thanks to the next generation of luxury cars from Mercedes Benz, Audi, Land Rover, and Volkswagen, you would not be missing out on your social networking or emails while on a road trip.
Eight major airlines serving Australian consumers have improved the way they advertise airfares in response to concerns raised by the competition watchdog.
The Australian sharemarket has wiped out all last week's modest gains after just a few hours of trade this morning.
Increased competition in the home loan market, a wider range of variable loan special offers and extended cash rate stability look to be suppressing borrowers’ appetite for fixed rate loans.
Australia's top mining resources firms Rio Tinto and Woodside Petroleum have criticised plans to put a fixed price on carbon emission, without a clear form of compensation or exemption for local businesses and industries.
The Australian Bankers' Association (ABA) has consolidated efforts with the consumers group to protect the public against fraud and other cyber crimes.
The Australian Dollar opens up trading this morning in the mid 1.0100’s after the release of jobs data in the US on Friday which was close to expectations.
- Mesoblast is a leader in adult stem cell technology - Sector set for strong growth given interest from Big Pharma - Partner agreement with Cephalon provides funding for trials - Southern Cross Upgrades to Buy from Spec Buy By Chris ShawMesoblast ((MSB)) is an Australian biotech involved in the development of adult stem cell technology, which involves extracting bone marrow from donors, growing i...
(This story was originally published on Wednesday, 2nd March 2011. It has now been re-published to make it available to non-paying members at FNArena and to readers elsewhere).- Investors thinking this is but a temporary oil problem because of Libya are in for a rude awakening- Public debate is raging about what the Fed will decide if QE2 expires in June- Chinese economy is slowing and we might se...
- Genetically engineered organisms can potentially make the US energy independent within ten years- Joule Unlimited, not listed at this stage, is one pioneer in the field, and confident By Steve McDonald, Investment U Analyst Friday, March 4, 2011A genetically engineered organism that could make us energy independent? Joule Unlimited has invented one, which literally secretes diesel fuel and ethan...
(This story was originally published on Wednesday, 2nd March 2011. It has now been re-published to make it available to non-paying members at FNArena and to readers elsewhere).- Investors thinking this is but a temporary oil problem because of Libya are in for a rude awakening- Public debate is raging about what the Fed will decide if QE2 expires in June- Chinese economy is slowing and we might se...
- Genetically engineered organisms can potentially make the US energy independent within ten years- Joule Unlimited, not listed at this stage, is one pioneer in the field, and confident By Steve McDonald, Investment U Analyst Friday, March 4, 2011A genetically engineered organism that could make us energy independent? Joule Unlimited has invented one, which literally secretes diesel fuel and ethan...
After much caution on Friday ahead of key US jobs data, the Australian Dollar opens the new week little-changed at 1.0126.
Worries about the potential impact of oil's climb above $100 a barrel sent U.S. stocks lower Friday, but came short of wiping out gains recorded earlier in the week.
US non-farm payrolls (employment) rose by 192,000 in February, slightly above expectations for a gain of 185,000. But the unemployment rate fell from 9.0pct to a 2-year low of 8.9pct - below forecasts centred on a result near 9.1pct.
Australian jobs, Chinese economic data for last month, a Kiwi rate decision and US retail sales, not to mention oil and the worsening unrest in Libya.The situation could worsen on Friday night with a day of rage called for Saudi Arabia, the world's biggest oil supplier. That will worry markets.Friday night's jobs report for the US last month was OK, not brilliant, so what will Australia&...
Watch oil, gold and the value of the US dollar this week as fighting worsens in Libya, unrest spreads through the rest of the region and a major protest which may hit Saudi Arabia on Friday night, our time.The surge in oil prices on Friday helped gold go higher and hurt the US dollar which had already been weakened by the emergence of a probable rate rise in Europe next month.Global prices ended a...
Sandfire Resources NL (ASX: SFR) says its board has approved the development of its wholly-owned DeGrussa Copper-Gold Project in Western Australia, subject to completion of a definitive feasibility study and project funding package – both of which are on track to be finalised in Q2 of 2011 (all references in calendar quarters unless otherwise noted).
Abacus Property Group (Abacus) today updated the market on the impact of the recent natural disasters in Queensland and Christchurch, New Zealand.
TOKYO, JAPAN - More effective and efficient institutions are needed to complement Asia's market-driven regional integration and to manage the challenges of Asia's expanding role in the global economy, says a new joint study of the Asian Development Bank (ADB) and the Asian Development Bank Institute (ADBI).
The Australian Bankers' Association (ABA) said it is vital to the health of the Australian economy that banks apply risk-based pricing in relation to lending to small businesses.
Unleaded fuel prices are expected to approach 150 cpl in Brisbane this Sunday, as average ULP prices reach record highs in 2011, a motoring organisation has warned.
Australia-based coal and minerals giant Rio Tinto says a process is underway to replenish its board, including recognising the desirability of appointing another Australian director after the retirement of two directors.
By Greg PeelOne unfortunate soul at the end of his tether self-immolates in protest in Tunis and the next thing we know a modern-day collapse of the Berlin Wall is underway. A butterfly flapped its wings. Chaos ensued.Let's rattle off the list: Morocco, Tunisia, Algeria, Libya, Egypt, Jordan, Yemen, Oman, Bahrain, Iraq and Iran, with Saudi Arabia adopting preemptive concessions. That's pretty much...
By Greg PeelThe Dow rose 191 or 1.6% while the S&P gained 1.7% to 1330 and the Nasdaq jumped 1.8%.I suggested yesterday that trading on Wall Street had become a day to day proposition, with newsflow from abroad competing with economic data at home. Last night's session fell exactly into that mould as pent up demand for stocks was unleashed on, unusually, a day before a jobs report.It has been deve...
The Australian dollar has opened slightly weaker this morning after the release of stronger than expected US data overnight.
Australian Building Approvals fell by 15.9% for the month of January and our Trade Balance narrowed it was revealed yesterday.
The Australian sharemarket proved resilient to a steady stream of negative news from the Middle East, closing flat on solid performances from resources and healthcare sectors.
