BUSINESS

Australian Stock Market Report – Midday 8/31/2012

The modest gains on the Australian sharemarket were short lived this morning, with the All Ordinaries Index (XAO) now completely flat to 4339.2. Most sectors are improving; however the mining sector is once again one of the biggest drags on trade.

Pfizer Caught Running Global Bribery Network

The biggest of the Big Pharmas, Pfizer, has agreed to pay $60 million in fines to the federal government to settle charges the company paid millions of dollars in bribes to foreign officials.

Has the Dubai Property Market Recovered?

Over the 16 weeks leading up to August 26, Dubai saw a bullish market driven by property. On Sunday August 12, Nakheel announced that demand was expected to remain high for properties on the island. The Dubai developer made the statement as it announced the sale of a 305,704sqft plot for Dh1,302 ($520) per square foot to an unidentified local investor.
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Tourism: Australia's Lost Industry

By Greg PeelTourism was once Australia's second biggest industry, but that was in the days when a more inviting Australian dollar made visiting Australia for a holiday relatively inexpensive, despite the tyranny of distance.
Admin System Aug 31, 2012

Switzer Super Report: Opinion Is Split On What Lies Ahead

By Peter Switzer, Switzer Super ReportD-Day for Europe and the world's financial markets looms, not on Friday with the Jackson Hole Symposium in Wyoming, but next Thursday when the European Central Bank (ECB) outlines its game plan for liquidity and bond-buying in Europe.
Admin System Aug 31, 2012

Iron Ore Price Dips to $90.30

Prices of iron ore dipped further on Wednesday to $90.30 per tonne, indicating worse days ahead for Australia's resource sector. The $4.50 decline, reckoned since May, is equivalent to a 38 per cent fall.
Vittorio Hernandez Aug 31, 2012

More Politicians Join Rage Over Gina Rinehart Comments

The remarks of Australia's richest woman, Gina Rinehart, over the social life of minimum wage workers as well as her suggestion to lower the current weekly minimum pay has become viral.
Vittorio Hernandez Aug 31, 2012

Shell Corporate Growth Now Hinges on Earth-Friendly Measures

Constantly competing for new sustainable and environment-friendly fuels, the Shell Group focused all efforts on a prominent goal of attaining corporate efficiency by means of sustaining the environment at no matter the costs?
Christine Gaylican Aug 30, 2012

Australian Stock Market Report – Afternoon 8/30/2012

The Australian sharemarket had its worst day in a month, with the All Ordinaries Index (XAO) losing 0.9 pct or 41.3 pts to 4340.2. The defensive healthcare and telco sectors recorded some modest improvements; however all other industries ended in the red. Disappointing economic news added to the weakness earlier in the session.
Vittorio Hernandez Aug 30, 2012

Australian Stock Market Report – Midday 8/30/2012

Overnight the US market were slightly higher after investors weighed up the good news that the US economy grew more than expected in the 2nd quarter of 2012, but then the Federal Reserve regional report on the economy, the Beige book, showed more signs that the US economy is still only recovering slowly.
Vittorio Hernandez Aug 30, 2012

China’s Chery Auto Continues Recall from Uruguay, Chile, Argentina, Singapore

Two weeks after Chery Auto, China's largest domestic automobile manufacturer and exporter, recalled some 23,000 vehicle units from Australia due to findings of potential cancer-causing asbestos in some models, the company announced it is set to recall an additional 18,000 units from overseas, still due to the same reason.
Esther Tanquintic-Misa Aug 30, 2012

No Letup in Global Housing Market Downturn, Aggravating European Crisis

www.globalpropertyguide.comNo end to the global housing market downturn is yet visible, except probably in the US, according to a survey of global house price trends by the Global Property Guide. Asia is weakening, and house price falls in the worst-hit European crisis countries are dramatically accelerating.
Christine Gaylican Aug 30, 2012

Samsung on the Offensive, Unwraps Android, Windows Smartphones

What Samsung has been up to since losing its U.S. legal battle with Apple last week? It appears the tech giant is far from licking its wound, opting instead to push out two new gadgets that it hopes would soon eclipse the court room disappointments it just absorbed.
Erik Pineda Aug 30, 2012

Union to Prolong Grocon Protests

Prospects for industrial peace in Grocon construction sites appears bleaker as the Construction, Forestry, Mining and Energy Union (CFMEU) disclosed plans to further prolong the ongoing strike which on Thursday entered its ninth day.
Vittorio Hernandez Aug 30, 2012

The Overnight Report: Draghi Pleads The Case

By Greg PeelThe Dow closed up 4 points while the S&P gained 1 point to 1410 and the Nasdaq rose 0.1%.The passing of Neil Armstrong brought back memories of a certain seven year old who was fascinated by the space program but bored into submission as he sat on a classroom floor and waited interminabl...
Admin System Aug 30, 2012

Australian Stock Market Report – Afternoon 8/29/2012

Local stocks eased slightly today, with investors still opting to shy away from risk ahead of this weekend's Jackson Hole symposium, where central bankers from around the globe will meet to discuss the ongoing European debt crisis. The All Ordinaries Index, which gained 0.3pct yesterday, eased by 5.5pts today to 4381.5.
Vittorio Hernandez Aug 29, 2012

Australian Stock Market Report – Midday 8/29/2012

Yesterday the Australian stock market closed 14 points higher. Overnight the US market were in a holding pattern ahead of the Federal Reserve yearly conference that kicks off at the end of this week and ahead of the return to work and school next week after spring break next Tuesday.
Vittorio Hernandez Aug 29, 2012

Samsung Will Soldier On, May Even Reinvent its Gadgets

Samsung has vowed to fight Apple’s efforts to shove its gadgets out of the United States following last week’s jury verdict that labelled most of the South Korean tech giant’s products as less innovative.
Erik Pineda Aug 29, 2012

Ex-Portfolio Manager Faces 63 Charges of Insider Trading

Mark McLean Hildebrant, a former portfolio manager of investment firm Vanguard, is facing 63 counts of insider trading. The 39-year-old former manager did not enter a plea when he appeared Tuesday at the Melbourne Magistrates Court.
Vittorio Hernandez Aug 29, 2012

Aussie Set To Break Down?

FNArena has added another video to its Investors Education section on the website. This week ATW's Jerry Simmons takes a look at natural gas and its likelihood of moving lower.
Admin System Aug 29, 2012

Counterfeit Notes on the Rise in India: Rerserve Bank of India

The number of counterfeit notes detected by private banks in India grew by 23 percent from 2010-2011 to 2011-2012, reported the Reserve Bank of India on Sunday, with the Indian government set to introduce plastic notes across five cities by the end of this year in an effort to reduce forgery and thwart other illegal activities related to fake currency.
Lawrence Villamar Aug 29, 2012

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