BUSINESS

86% of Aussies Don’t Pay in Cash

Eighty-six per cent of consumer payments by Australians are done in other ways except cash, indicating how far ahead if the country in terms of becoming a cashless society.
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Stephen Curry Switches to Under Armour Shoes

Golden State Warriors point guard Stephen Curry arrived at his team's media day wearing something radically different. Instead of wearing Nike shoes, as he had been doing for the past four years, he was wearing Under Armour.

Australian Stock Market Report – Midday 10/2/13

The Australian stock market pushed slightly higher at the open, following gains in US and European markets informed by hopes that the partial United States government shutdown will not seriously harm the economy.

Australia To Establish Its Quietest Hospital By 2016

By 2016, Australia will be having its quietest hospital. For completion in three year's time, the new Royal Adelaide Hospital will be housing 800 beds with state-of-the-art facilities, including a helipad sitting atop its southwest corner.

Indian Temples Reject Govt Call to Disclose Gold Holdings

The federal government of India, which seriously intends to cut the country's gold imports, has called on its many wealthy Hindu temples to disclose their gold holdings. But the institutions flatly rejected it, invoking the all familiar religious cliché 'God forbids.'

Australian Stock Market Report – Midday 10/1/13

The Australian share market is trading slightly firmer at lunchtime in the East, as US lawmakers scramble to make an 11th hour agreement on budget changes ahead of the October 1 deadline. If changes can't be agreed, there will be a shutdown of many (mainly non-essential) US government services. The looming deadline impacted offshore trade overnight, sending the Dow Jones Index down 0.8 per cent.

Longer Term Weakness For Uranium?

By Greg PeelThe short burst of enthusiasm witnessed on the spot uranium market two weeks ago ran out of legs last week once the handful of prospective buyers were filled on their orders and left, industry consultant TradeTech reports.

Australian Stock Market Report – Afternoon 9/30/13

Sellers moved in on the Australian share market today, dragging the index from fresh five year highs reached on Friday. It was the worst one day session the Australian share market has experienced since the 3rd July. However the Australian share market notched up its best quarterly gain since September 2009, rising 9.3 per cent in the three months to September.

Australian Stock Market Report – Midday 9/30/13

It's been a predictable start to the week for local stocks. Sellers have made an impression by taking the index lower as investors weigh the debt ceiling on one hand and the implications for the Fed's tapering calendar on the other. The US Congress has not yet passed a "continuing resolution" to fund the US government beyond Monday 30 September which is the end of the US fiscal year.

Australian Corporate Bond Price Tables

PDF file attached.Corporate bonds offer an alternative to equity investment in providing a fixed "coupon", or interest payment, unlike equities which pay (or not) non-fixed dividend payments, and a maturity date, unlike equities which are open-ended.

Alibaba Decides to Move IPO to the US

China's largest e-commerce company Alibaba Group Holding Ltd. is planning to go public in the US after it failed to reach an agreement with the Hong Kong stock exchange in regard to a listing there.

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