BUSINESS

Australian Stock Market Report – Afternoon 9/18/2012

Following a weaker start to the day, the Australian sharemarket managed to gradually improve as the day progressed to end 0.1 pct or 4 pts higher to 4417.8. The miners, energy players and financials all lost ground today after leading the broader market higher yesterday.

CAW Hopes To End Talks with Ford; Chrysler Concerned

According to the head of the Canadian Auto Workers, the union will focus on reaching an agreement with Ford Motor Co. as talks continue with all of Detroit's Big Three car makers with a strike deadline coming closer Monday night.

Citibank Denies Hiding Dewey’s Economic Problems from Ex-Partners

Citibank is currently disputing numerous claims which indicate that the bank took part in a fraud to get former partners Dewey and LeBoeuf to sign up for a loan course that financed their capital in the unsuccessful law company, in spite of understanding the critical economic circumstance being faced by Dewey.
More news

The Australian Automotive Industry

The automotive industry changes constantly. In Australia, the cost of raw materials and fuel is volatile, regulations are tighter and competition is greater. As a result, innovation is encouraged.

BHP’s Marius Kloppers Tops List of Australia’s Highest Paid CEOs

A study by the Australian Council of Superannuation Investors (ACSI) released on Tuesday identified the top 10 high-paid chief executives in the country. Number one on the list is BHP Billiton Chief Executive Marius Kloppers who earned $11.8 million in 2011 in wages alone.

Break-Up For US Indices

FNArena has added another video to its Investors Education section on the website. This week ATW's Jerry Simmons looks at US stock indices, currencies, gold, oil and gas.

Minerals Council Warns of 5% Contraction of Aussie Economy Due to Cost Crisis

A modeling released Monday by the Minerals Council of Australia warned of a 5 per cent contraction in the country's economy due to the cost crisis that threatens to halt mining mega projects. To counter the threat, the council pushed the federal government to commit to controversial policies to bring back its competitiveness.

Australian Stock Market Report – Afternoon 9/17/2012

The euphoria surrounding the US Federal Reserve's latest efforts to stimulate the global economy continued to impress local investors today. US and European markets rallied on Friday, with the Dow Jones Index and S&P 500 both hitting highs not seen since December 2007. Japanese markets were closed today for a public holiday, while China's Shanghai Composite Index fell into the red. By close, the All Ordinaries Index (XAO) edged higher by 11.6pts or 0.3pct to 4421.8, its highest level since...

Aussies Prefer Local Food but Pick Foreign-made Goods

While Australians prefer home-grown food over imported ones, the case is not true for furniture, health and beauty items, clothes, hardware and household appliances which Aussies prefer to buy imported ones due to lower cost and better value.

PepsiCo President Compton Resigns; Abdalla Becomes His Successor

PepsiCo Inc. informed on Tuesday that its president, John Compton, resigned from the post to run a large privately held company in the state of Tennessee, Pilot Flying J Oil Corp. John Compton's resignation comes as a surprise after less than a year on the job. Zein Abdalla has been appointed John Compton's successor.

The Myth Behind Central Bank Money Printing

One of the longest-running myths in financial markets is going to damage a lot of portfolios: the myth that central bank money printing - in the context of a modern banking system - hikes the value of stocks.

Zombies and Fireworks Aren’t Real

There's a movie about a zombie apocalypse where fireworks are used to distract the zombies. While their yellow eyes are peeled to the sky, scroungers go looking for food outside the safety of the walls. The violent zombies are so absorbed by the fireworks they let people walk right past them. Think of it as stimulus.

A Boom in Pork Chops

If you need any further evidence that the bulk commodity bubble has burst all over the place, look no further than the actions of the Queensland government. These bozos announced their budget on Tuesday, ratcheting up the royalties on coal production.

Trouble Ahead For the United States of Europe

We're back in the City of Lights, Fellow Reckoner, La Ville-Lumière. The hot and dusty Medina of Marrakech is behind us. So too the coastline of Portugal and the cities of Seville and Madrid. But what is ahead...for Europe...for the world?

Australian Stock Market Report – Afternoon 9/14/2012

The Australian sharemarket improved strongly today following the U.S central bank's decision to stimulate the American economy. The All Ordinaries Index (XAO) rose by 1.2 pct or 50.4 pts to 4410.2. Thanks to today's improvements, the XAO is around 1.4 pct stronger today than this time last week and has had its best single day of trade since 27 July.

Pages