BUSINESS

Australian Stock Market Report – Afternoon January 6, 2015

A worker walks at the Nahr Bin Umar field, north of Basra, southeast of Baghdad, November 16, 2014. OPEC producer Iraq expects to base its 2015 budget on an oil price of $80 per barrel, Oil Minister Adel Abdel Mehdi told parliament on Monday. Picture take
Local shares were hammered today following heavy falls on European and US bourses overnight. Concerns about weak demand have been heightened, after the price of Brent Crude dipped below US$50 a barrel for the first time in five-and-a-half-years. Investors were also spookedovernight amid speculation Greece may exit the Eurozone.The All Ords (XAO) improved slightly from the day's lows to close down 83 points or 1.5 percent to 5,346, while the ASX 200 (XJO) dropped 85 points or 1.5 percent to 5,...
An office worker talks on his phone as he looks the stock board at the Australian Securities Exchange (ASX) building in central Sydney June 15, 2012. Asian shares edged up on Friday, and the euro held most of the previous session's gains, as nervous inves

Australian Stock Market Report – Midday January 6, 2015

Australian shares have had their worst start in a month with the ASX 200 Index down 1.8 per cent at lunch. The weakness follows concerns about the future of Greece within the euro zone, substantial losses across global markets and a 5 per cent slump in the oil price overnight.
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Australian Stock Market Report – Afternoon January 5, 2015

Australian shares rose in the final 20 minutes of trade to end 0.3 per cent firmer in what was a choppy session. The ASX 200 Index was up by as much as 0.6 per cent at one stage today and was down by a little more than 0.1 per cent at its worst. Despite all holidays being behind us for major sharemarkets - volume is likely to remain light over the next fortnight.
Office workers are reflected as they walk past the Australian Securities Exchange building in central Sydney April 8, 2011. Singapore Exchange Ltd has terminated its $8 billion bid for Australia's ASX Ltd after the Australian government formally rejected

Australian Stock Market Report – Midday January 5, 2015

Australian shares are improving at lunch despite a softer start. The ASX 200 Index is up by 0.3 per cent after a 0.8 per cent slump on the open. An air of normality is returning to markets this week following a fortnight of patchy trade due to holidays. Volume however is likely to remain quiet with investors still remaining in holiday mode for the first few weeks of a new year.
A ship is loaded with containers at Sydney's Port Botany container terminal March 4, 2013. Australia's trade deficit shrank by much more than expected in February to its smallest in 14 months thanks to higher prices for resource exports, a likely boost to

Auspicious Start In 2015 For Australian Iron Ore Miners As Price Of Commodity Slightly Rises To $71.26/Tonne

On the first trading day of 2015, price of iron ore registered a slight increase to $71.26 per tonne on the spot market, up from $66.84 before Christmas. The improvement could be seen as an auspicious start for Australian iron ore miners who suffered a significant dip in income due to price of the key-steelmaking ingredient hitting a five-year low in 2014 because of the low demand in China and glut in supply.
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Global Markets Overview – January 5, 2015

Activity will slowly start to pick up again this week with market participants making their way back to trading after a break. China and Japan return to trade after having been on New Year's related breaks for most of last week. Attention is likely to be on Europe for the next few weeks as investors digest the developments from Greece and what this means for the euro. Comments made by Greek Prime Minister Samaras suggesting the country's euro membership is on edge heading into the January ...
Today's Ordinaries Index curve is seen at the Australian Securities Exchange (ASX) in central Sydney August 23, 2010. Australian financial markets bet on Monday that inconclusive weekend elections would deliver a change of government, ushering in a new mi

Australian Stock Market Report – Afternoon January 2, 2015

The local sharemarket has recovered early losses to finish the first session of the New Year in positive territory. The All Ords (XAO) finished up 26 points or 0.5 percent to 5,415, while the ASX 200 (XJO) improved by 25 points or 0.5 percent to 5,435.
Today's Ordinaries Index curve is seen at the Australian Securities Exchange (ASX) in central Sydney August 23, 2010. Australian financial markets bet on Monday that inconclusive weekend elections would deliver a change of government, ushering in a new mi

Australian Stock Market Report – Midday December 31, 2014

Australian shares are flat in what has been a volatile but quiet week for local stocks. The ASX 200 is up just 2pts at lunch, slumped by 1 per cent yesterday and surged by 1.5 per cent on Monday. It has been half as busy as usual so far this week - with investors in holiday mode. Today is likely to be an uneventful session for the Australian market as the ASX will be closing at 14:10pm AEDT (two hours earlier than usual).
Cho Hyun-ah (C), also known as Heather Cho, daughter of chairman of Korean Air Lines, Cho Yang-ho, leaves for a detention facility after a court ordered her to be detained, at the Seoul Western District Prosecutor?s office December 30, 2014. South Korean

Macadamia Nut Rage Executive Arrested, Sent To Prison

Authorities arrested and sent to jail on Tuesday Cho Hyun-Ah, the Korean Air vice president whose rage over being served macadamia nuts in a plastic bag instead of on a plate delayed the plane's departure and arrival.
The main indicator of the Australian Securities Exchange (bottom R) is seen in red shortly after the local market opened in Central Sydney October 4, 2011. Australian stocks eased 0.6 percent on Tuesday, pressured by falls in global equities markets in a

Global Markets Overview – December 31, 2014

Global markets are set to finish the year with a bit of downside on the back of resurfacing Greece concerns. Some analysts feel another Greek political debacle will make it harder for ECB President Mario Draghi to pursue his grand plan of sovereign bond purchases given opposition from other northern nations such as Germany. There will be little event risk to look out for across the region today with some key markets like Japan already closed for New Year's related holidays. Perhaps China's...
A man casts his ballot inside a classroom used as a polling station in Athens May 25, 2014. Greeks voted in European and local elections on Sunday under the shadow of increased poverty and unemployment following four years of belt tightening by the govern

Global Markets Overview – December 30, 2014

The main headline from overnight trade was Greece's failure to elect presidential nominee Stavros Dimas in its final attempt. After two failed attempts, yesterday was parliament's last chance to elect him as president before being forced into an early election. Having failed yet again, the country will be headed back to the polls as early as January 25. An election puts all sorts of doubt on the future of the bailout agreement given anti-austerity party Syriza is currently leading the poll...

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