BUSINESS

A Trader's Wrap

By Chris Weston, IG MarketsEvery now and then the market picks a currency, throws it firmly in the spotlight and runs with it.

Australian Stock Market Report – Afternoon 9/4/13

The Australian share market closed in the red today for the first time since last Wednesday as concerns of a US led invasion into Syria jittered investors around the globe and saw a slide in commodity prices during Asian trade.

Australian Packaging Major Amcor; Poised for Growth in India

Australian packaging major, Amcor Ltd., is strengthening its position in the growing Indian packaging sector to achieve organic and inorganic growth. Meanwhile, reports say, the company plans to split its divisions - retaining its plastics divisions and establishing a new company for its other units.
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Australian Stock Market Report – Midday 9/4/13

The Australian sharemarket is slipping for the first time in five trading sessions, with the All Ordinaries Index (XAO) down 0.6 per cent at lunch. Continued tensions in Syria and an increased probability of QE tapering in the US later this month are catalysts.

Romanian President Proposes Referendum Over Rosia Montana Miner

The continued protest by Romanians over the proposed grant of a mining permit to dig gold and silver from Europe's largest gold mine to be given to Canada's Rosia Montana has led Romanian President Traian Basescu to suggest on Tuesday the holding of a referendum on the issue.

Is the Stock Market Predicting War?

Stock markets predict the outcome of wars. At least legendary investment banker Barton Biggs reckons so. We're reading his book Wealth, War and Wisdom in preparation for the Syrian attack.

The Reserve Bank of Australia’s Target is You

Apologies to Chris Leithner for using and abusing the title of his excellent book in our headline. But The Evil Princes of Martin Place are at it again - they're fixing the interest rate and creating inflation. We're calling it the evil pincers of Martin Place, which is where the Reserve Bank of Australia is based.

Wal-Mart Cuts iPhone 5 and iPad Prices

As the release date of iPhone 5S and iPhone 5C is drawing near, retail outlets are slashing the prices of the devices in their inventory. The latest in this line is Wal-Mart which has started to carry the iPhone 5 and third-generation iPad at a steep discount, at least for Apple products.

Australian Stock Market Report – Afternoon 9/3/13

The Australian sharemarket edged higher, with the ASX200 Index (XJO) cracking through 5200pt mark for the first time since the middle of May. The closure of US markets overnight due to the Labor Day holiday kept investors a little quieter than usual however.

Strategic Research Fund to Build Australia- India Collaboration

Leading scientists and researchers from Australia and India will receive funding, as part of a joint multi-million programme to undertaken cutting-edge research in a wide range of fields, including information and communication technology, vaccines and marine science. The funding under the Australia- India Strategic Research Fund (AISRF), the governments of Australia and India will support 15 new collaborative projects and eight joint workshops.

Yahoo! Finally Shuts Down China Services

Yahoo! has finally shut down and folded up its operations in China, in what is to be an expected scenario since the company began its gradual phase out beginning with the closure of its e-mail service in August.

No Rush To Buy Uranium

By Greg PeelThe spot market for uranium was never of much interest until the big surge took prices up well over US$100/lb in 2006.

Australia Collaborates with Tamil Nadu in Indian Food Processing Sector

Australia is looking to strengthen collaboration with food and food-processing companies in the Indian state of Tamil Nadu. This was announced by Michael Carter, trade commissioner, Australian Trade Commission in India, on Friday. Carter was speaking at the 3-day 10th Indian Food Processing and Food Technology Fair, 'Foodpro 2013' in the state capital, Chennai.

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