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Australian Stock Market Report - Midday

The Australian share market is trading flat today, as gains from the banks are offset by losses from mining stocks. The All Ordinaries Index (XAO) is up 2.8pts at lunchtime in the East to 4764.3.

Aussie CPI reaffirms market forecasts, post 0.7 percent growth in Sept quarter

Australia’s headline consumer price index (CPI) barely missed the market forecast of 0.8 percent in the September quarter as new data furnished by the Australian Bureau of Statistics (ABS) showed that the country’s CPI went up by 0.7 percent in the quarter, en route to an annual rate of 2.8 percent.

Soft inflation lessens rate hike worries

Australia's headline consumer price index (CPI), the data that the central bank uses to gauge the underlying trend in inflation, lifted 0.7 per cent in the September quarter, for an annual rate of 2.8 per cent, the Australian Bureau of Statistics (ABS) said today.

Property Council calls for a reform in NSW property taxes

The Property Council of Australia (PCA) says it is time for NSW to wind back a raft of new and higher taxes on the property sector and head down the path of broader reform.

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NAB reports 63% profit jump

National Australia Bank has reported a 63 percent jump in net profits to $4.22 billion, due to lower charges slapped on its nonperforming loans.

Bearish Australia trading seen as world markets stagger

A mixed performance of global stocks is seen to create a bearish mood in the Australian stock markets today.

World Market Overview

U.S. stocks meandered between positive and negative territory as a mixed bag of corporate earnings and economic data left investors without clear signs on whether the market's recent rally can be justified.

Australian Stock Market Report - Morning

US consumer confidence rose from 48.6 to 50.2 in October, above forecasts centred on a result near 49.2.

Daily forex forecast - 27/10/2010

The Aussie was largely range bound during yesterday's domestic session moving between 0.9880 and 0.9920 ahead of todays release of third quarter inflation data.

Business confidence back to pre-crisis levels while condition eases in Sept qtr -NAB

Business confidence in the September quarter rose although business condition eased marginally, according to new figures.

Australian stocks down amid profit-taking

The Australian share market closed weaker on Tuesday, dragged down by financial stocks and profit taking after recent gains.

Motorola Solutions launches new video solutions for public safety

Motorola Solutions announced the launch of three new video solutions: Realtime Video Intelligence (RTVI), Optimized Video Security and ALT1000 Automatic License Plate Recognition (ALPR) Surveillance Trailer at the 2010 International Association of Chiefs of Police (IACP) conference.

Thales Australia set to axe 100 Bendigo plant workers in Victoria by Christmas

Military vehicle manufacturer Thales Australia announced on Tuesday that it would have to let go a hundred workers before Christmas, blaming the job cuts to the high-flying Aussie dollar and reduced manufacturing contracts secured by the company.

Foster’s says planned demerger supported by research works and investors’ confidence

Boosted by strong indications of investors support, Foster’s Group planned demerger of its wine businesses and brewery operations appeared to be picking up steam as the company declared that once shareholder gives the green light, the separation could be realised by the first half of 2010.

Australian Stock Market Report - Closing

Australian shares retreated today, as sellers moved in following the impressive gains made during yesterday's trade.

Australia's shadow treasurer questions ASX, Singapore Exchange merger

Australian shadow treasurer Joe Hockey questioned the merger of the Australian Stock Exchange (ASX) and the Singapore Exchange whether the merger is Australia's interest.

Banana growers calls on retailers to lower price of fruit

The Australian Banana Growers' Council (ABGC) called on retailers to ensure consumers reap the benefits of an abundance of bananas from major production areas by cutting off price of the fruit.

Merits and demerits of ASX-SGX merger set to be assessed by Aussie regulators

Australian regulators will have their hands full scrutinising the $8.4 billion mega deal between the country’s stock exchange and Singapore, which is poised to emerge as the dominant entity once the takeover agreement reaches realisation, tentatively by the second quarter of 2011.

WA business leaders urge feds to address labour shortages to prepare for expected boom

Following reports published by Access Economics that Western Australia is poised for a solid production growth by next year, the WA Chamber of Commerce and Industry called on the federal government to devise ways that would encourage the influx of skilled workers into the state.

Australian Stock Market Report - Midday

The Australian share market has come off highs reached yesterday, as regulatory hurdles put a dampener on the proposed merger between the ASX and Singapore Exchange.

Leighton wins $670m road work contract

Leighton Contractors, a wholly owned subsidiary of Australia's largest construction company Leighton Holdings Limited (ASX: LEI), has been awarded $670 million worth of new road work.

High funding costs will hurt banks -Commbank

Commonwealth Bank of Australia (ASX: CBA) has warned significantly higher funding costs will impact banks in the short to medium term underscoring the challenge ahead for the deposit deficient sector.

Australian Dollar Outlook 26/10/2010

The AUD has opened slightly weaker this morning after strengthening during the later parts of our trading session yesterday and the start of the offshore session overnight as a result of some unexpectedly strong data for Australian producer prices.

World Market Overview

U.S. stocks gained Monday, as a weaker dollar boosted materials and hopes for further central bank stimulus kept the market edging higher.

Australian Stock Market Report - Morning

US existing home sales rose by 10pct in September to an annual rate of 4.53million, well above forecasts centred on a rise of 4pct to 4.30 million.

Daily forex forecast - 26/10/2010

The Aussie spiked sharply above US99 cents during local trade yesterday after stronger-than-expected producer price data (PPI) increased the prospects for an interest rate rise next month.

Australian Stock Market Report - Closing

The local share market soared today as news the Australian Stock Exchange plans to merge with the Singapore Exchange boosted investor sentiment.

Australian stocks close higher amid potential ASX and Singapore merger

The Australian share market closed higher on Monday, led by financials and resources, as a possible merger between the Australian Stock Exchange and Singapore Stock Exchange boosted positive sentiment.

RBA's Stevens: Australia needs to prepare for economic bumps, hurdles

Australia must prepare as early as now for the end of the mining boom or else feel the wrath of internal and external pressures on the monetary and fiscal situation of the country, Reserve Bank Governor Mr. Glenn Stevens said today.

Perpetual Ltd: KKR offer low, but talks continue

The A$1.75-billion unsolicited offer by the Kohlberg Kravis Roberts & Co (KKR) does not reflect the real "value" of the company, listed company Perpetual Ltd. (ASX: PPT) said in today.

ACMA to change Australia's phone numbering plan

With the release of its first of a series of issues papers, the Australian Communications and Media Authority (ACMA) today signalled it intends to shake up the Numbering Plan, which sets out the rules for the use and administration of telephone numbers in the country.

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