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Australia's November Construction Index Improves, Rises 4.9%

The Australian Industry Group Australian Performance of Construction Index was 4.9 points stronger in November at 39.6, although it was still well below the 50 point level separating expansion from contraction. November marked the 18th straight month the national construction industry index has been in the red.

Australian Dollar Outlook - 12/06/2011

Bell FX Currency Outlook: The AUD is slightly stronger this morning after news filtered out of Europe that plans for a new treaty and fiscal rules in the region has been agreed upon.
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Australian Stock Market Report - Morning - 12/05/2011

From Craig James, Commsec Chief EconomistUS non-farm payrolls (employment) rose by 120,000 in November, in line with market expectations. Private payrolls rose by 140,000, the jobless rate fell from 9.0pct to a 2-1/2 year low of 8.6pct and average earnings fell by 0.1pct.

Global Markets Overview - 12/05/2011

From Morrison Securities: U.S. stocks finished barely changed in Friday's session to cap a strong week after the U.S. unemployment rate unexpectedly dropped and European leaders and central bankers redoubled efforts to tackle the sovereign-debt crisis.

Qantas Unions Blame Mismanagement for $200 Million Loss, Not Strikes

Qantas unions blamed mismanagement of the national air carrier for its $200 million loss for the second half of the financial year. The unions said Qantas should not blame the strikes for the loss, which Qantas Chief Executive Alan Joyce pinpointed as one of the reasons behind the red ink.

Global Markets Overview - 12/02/2011

From Morrison Securities: U.S. stocks were little changed in afternoon trading Thursday, a day after a blowout rally, as headlines from Europe kept traders on the defensive but strength in the technology sector limited losses. The Dow Jones Industrial Average shed 6 points, or 0.1%, to 12049 recently, shaving off a sliver of the previous session's 490-point surge.

RIM Offering Security Services to Android, iPhone Users

Research in Motion announced on Tuesday that it will launch a new security software that will bring the same security and management features found in the company's BlackBerry smartphones to Android and iOS phones and tablets.

Fremantle Port Workers Friday Strike to Cost $3 Million Hourly

Fair Work Australia (FWA) may likely have another tough labor dispute to handle soon following the collapse of talks between Fremantle Port workers and management. The port workers have announced a 48-hour strike beginning at dawn of Friday.

Australia's Manufacturing Activity Barely Improves in November

Manufacturing activity remained flat in November according to the latest Australian Industry Group - PwC Australian Performance of Manufacturing Index (Australian PMI®). The Australian PMI® was broadly unchanged, up just 0.4 points to 47.8, to remain below the 50 points level separating expansion from contraction.

Aussie Postmaster Considers Internet Worst Enemy, Best Friend

Australia Post Chief Executive Ahmed Fahour knows how to turn a problem into an opportunity. He showed his success on Tuesday when the agency he heads opened its 24/7 operations that relies heavily on delivery and pick up of parcels ordered online by Aussies.

Qantas Promises No Strike for 4 Years, but..

Qantas assured its passengers on Thursday that the strike-prone flag carrier would not suffer from another industrial action for the next four years.

Weaker Consumer Confidence Causes Kiwis to Cut Holiday Vacation Plans

New Zealanders are planning to cut on their holiday travel plans in the next 12 months. A report by Roy Morgan Research, a market research and public opinion survey firm in Australia, explained the reduction in travel plans to the weaker consumer confidence.

Global Markets Overview - 11/24/2011

From Stan Shamu, Markets Strategist, IG MarketsGlobal markets extended their losses overnight on deepening concerns about the European debt crisis, after a poorly-received German debt sale. Germany failed to find buyers for 35% of the bonds it offered at an auction. There was also a swathe of disappointing economic data, with European services and manufacturing output shrinking for a third month, US durable goods orders falling and unemployment claims topping forecasts.

Titan Energy to List in ASX

Oil and gas field service provider Titan Energy (ASX: TTN) is going public by listing in the Australian Stock Exchange (ASX) on Dec 7. The company hopes to raise $5.45 million capital by issuing 5 million shares at $1 per ordinary share.

Australia SMEs Dissatisfaction Rating on Government Jumps 56%

Aussie business owners' dissatisfaction with the Federal Government has soared to a three year high with the majority of Aussie SMEs (56%) now dissatisfied, up from 31% in August 2010. This is the highest dissatisfaction level recorded by the Business Monitor since June 2008, accprding to the latest research from the MYOB Business Monitor Special Report released on Wednesday.

FWA Decision Likely in Favour of Qantas

Qantas Chief Executive Alan Joyce and some aviation experts are of the opinion that Fair Work Australia (FWA) would rule in favour of the air carrier to settle the industrial dispute with unions.

Australia's Future Capital Fund Invests in Agenda.com

Australia's leading Internet venture fund, Future Capital Development Fund (FCDF) has announced it has invested in another Internet company, TheAgendaDaily.com ("Agenda") - a hybrid media / commerce business which successfully offers customers engaging daily recommendations alongside exclusive member only sales.

Nursing Home Fire Death Toll Now 8

Another victim of Friday's fire at the Quaker Hills Nursing Home in Sydney died Monday night bringing the death toll to eight.

Qantas-Unions Talks Collapse, FWA to Arbitrate

The 21-day period for Qantas management and unions to agree on new contracts lapsed on Monday with no negotiation extension made by the parties, so the dispute will now have to be settled by the Fair Works Australia (FWA).

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