BUSINESS

Australian Stock Market Report – Midday 10/4/2012

The Australian share market started of strong up near 10 points but as the morning went on the market lost ground. By lunchtime the All Ordinaries Index (XAO) moved into the red and was off 1pt to 4,460 points, hit by the slide in the oil price overnight and weak economic data.

Three Phone Calls You Must Make Now

There is a vast amount more to this story than we can cover. For example, Denise pointed out to the Senators on the Economic References Committee that the government is currently profiting from this behaviour, as it owns a huge amount of the dodgy mortgages.
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Great Expectations

Investors want to know, "What happened to all of Mr. Bernanke's money?" You'll recall that, a couple of weeks ago, the central banking industry's most famous beard announced that he would flood the markets with another round of quantitative easing, or "QE."

The Inflation Olympics

We're down here in the Andes, continuing our tour of the future. What have we learned so far? It might be too early to sell America and buy Argentina, but we'd keep an eye on the trade.

Hard Times for Hard Rocks

It's not only the falling terms of trade that's making Australia poorer by the day. It's the fact half the country has the day off! It's a public holiday in four Australian states and the ACT today. No wonder there's a productivity crisis in the economy. C'mon Australia. Do you think anybody has the day off at the Foxconn factory in China?

The Financial System a Target in the Code War

Uh. Things are heating up in 'The Code War.' Last week we wrote about the rise in un-armed conflict between...well between pretty much everyone (organised crime, hackers, governments, terrorists etc). This week there are a lot of 'pre-incident' indicators that suggest we're on the verge of a new era of permanent on-line conflict in which systems that control information are one of many targets.

More Discounting For Retailers

- Christmas will be very competitive- Retailer inventory levels high- Discounting to be unprecedentedBy Eva BrocklehurstOnce again, retailers are expecting a very competitive Christmas shopping season.

Bull Trend Intact For Gold

"Bull Trend Intact" for Gold, But "Zero Silver Demand" Seen in IndiaBy Ben TraynorSPOT MARKETgold bullion prices dipped below $1770 an ounce during Monday morning London trading, though they remained in line with the last fortnight's price action, while European stock markets rallied along with...

Australian Stock Market Report – Afternoon 10/2/2012

The Australian sharemarket rose for the fourth consecutive session, with the All Ordinaries Index (XAO) rising by 1 pct or 43.6 pts to 4451.9. Despite the improvement, volume and value of shares exchanging hands remained light due to public holidays in China, Hong Kong and India.

Qantas Divests StarTrack Freight Business to Australia Post

Australia Post, wanting to capture majority of the pie that caters to the growing online shopping activities of Australians, will acquire 50 per cent of Qantas Airways Ltd's freight business StarTrack for A$408 million ($422 million).

Australian Stock Market Report – Midday 10/2/2012

Today, the Australian share market followed the lead of the US and European markets higher, with the gains in oil and gold helping the material sector run higher in early trade. By lunchtime the All Ordinaries Index (XAO) had held on to early gains up 28 points to 4,436 points.

Bingo! Governments Lie About Inflation

Two percent is what the Bureau of Labor Statistics says. But the quants are massaging the numbers so hard, they're breaking their backs. The real rate is probably closer to 5%. Maybe 10%. Who knows? You might say "it depends on how you mis-measure it".

Apple Set to Unveil iPad Mini on Oct 17

The buzz on the recently rolled out iPhone 5 has yet to die down and now reports are out that another Apple gadget, the iPad Mini, will hit the market very soon, likely late October or early November.

Oz Property Prices Near Bottom

By Andrew NelsonWe were doing all right after the GFC. It wasn't comfortable, but comfort could be taken from having a look at Europe and the US.

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