BUSINESS

China’s Economy – How the Devil is in the Detail

According to the latest manufacturing data on China, the Chinese economy actually recovered slightly from last month, thanks to a renewed burst of bank lending and a directive from the top to fast track projects and 'build stuff'. But the devil is in the detail for China.

The Overnight Report: Zip

By Greg PeelThe Dow closed down 92 points or 0.7% while the S&P lost 0.7% to 1365 and the Nasdaq fell 0.
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Australia Exports $216M Worth of Water in Past 5 Years Despite Drought in Some Parts

Despite the drought in different parts of the country, Australia still managed to export in the last five years $216 million worth of water. Data from the Department of Foreign Affairs and Trade (DFAT) said the water exports were made up of natural, mineral, aerated, flavoured and sugared water, snow and ice.
Vittorio Hernandez Aug 02, 2012

Australian Stock Market Report – Afternoon 8/1/2012

The Australian sharemarket lost some ground for the first time in five trading sessions today. The All Ordinaries Index (XAO) eased by 0.2 pct or 6.7 pts to 4282.7. Two worse than expected economic reports issued in China kept the market in negative ground for much of the day.
Vittorio Hernandez Aug 01, 2012

London Olympics: Will Australia’s Medal Tally Go Beyond 6?

After four days of stiff and neck and neck competition in the 2012 London Olympics, Australia's total medal tally has so far reached six - one gold, three silver and two bronze. Australia's standing is in the 12th place on the medal tally.
Esther Tanquintic-Misa Aug 01, 2012

Australian Stock Market Report – Midday 8/1/2012

We saw a big turnaround in market sentiment overnight. The excitement of more central banks stimulus was washed away by end of month trading and concern over weak employment and sales numbers out of Europe. European markets are still awaiting the outcome of The European Central Bank (EBC) meeting on Thursday. Overnight the news that the, 17 nation, Eurozone saw its unemployment rate climb to a new Euro-era high of 11.2% hit the markets hard.
Vittorio Hernandez Aug 01, 2012

Microsoft’s Rebranding Efforts Morph Hotmail to Outlook

Microsoft has unveiled plans to retire its Web-based e-mail service Hotmail, replacing it with the social media-integrated Outlook that is currently in preview play and readily accessible to millions of existing Microsoft e-mail patrons around the world.
Erik Pineda Aug 01, 2012

Roy Hill Iron Ore Project Inks First Sales Deal with Chinese Steelmaker

Roy Hill Holdings, owned by Australia's richest woman Gina Rinehart, signed its first sales contract with a Chinese steelmaker to provide iron ore. Roy Hill inked in Beijing on Thursday the agreement with Shougang Group, one of the largest steel companies in China.
Vittorio Hernandez Aug 01, 2012

Nuclear, Wind Power are Competitive Energy Alternatives to Coal

Based on an assessment of the cost of generating electricity using 40 different technologies until 2050, a report released on Tuesday identified nuclear and wind power as competitive energy alternatives to coal-fired power.
Vittorio Hernandez Aug 01, 2012

Euro And Aussie Up

FNArena has added another video to its Investors Education section on the website. This week ATW's Jerry Simmons starts off his commentary on a regularly covered topic, the EUR/USD Weekly chart, pointing out the low reached last week is in an extremely important technical area of a prior weekly...
Admin System Aug 01, 2012

Tata Steel at the Economic Crossroads

Tata Steel in Europe, which is the second largest steel producer in the continent, utters that there is a growing desperate need for a growth strategy in the U.K. so to overcome the problems in the industry. Dr Karl Kohler, chief executive of Tata Steel in Europe, admitted that he had experienced the toughest time in his 30 years and at the same time he called for the UK to remove the obstacles to economic growth.
Jamelle Agbuis Aug 01, 2012

Amazon’s Profit Dropping Due to Investments

Amazon.com Inc., a Seattle-based company, reported quarterly results. According to data, Amazon's sales growth had slowed down outside the U.S. and in addition, its profit margins had decreased as the company continued to invest in warehouses so that the delivery speeds would improve in the near future.
Jamelle Agbuis Aug 01, 2012

Australian Stock Market Report – Afternoon 7/31/2012

The Australian sharemarket edged higher today for the fourth straight session, following strong gains in European markets overnight. The All Ordinaries Index (XAO) rose by 0.5 pct or 22.5 pts to 4289.4.
Vittorio Hernandez Jul 31, 2012

Australian Stock Market Report – Midday 7/31/2012

Once again European market rallied higher overnight, ahead of the outcome of The European Central Bank (EBC) meeting on Thursday. Then the market is expecting the ECB will announce new stimulus measures for the European economy. The US markets lost a little ground by the close as investors held back from buying ahead of the outcome of the US Federal Reserve´s 2 day meeting that kicks off later tonight.
Vittorio Hernandez Jul 31, 2012

China And Food Price Reality

By Greg PeelIn early 2008, world grain prices spiked as a variety of weather issues combined across the globe, from drought in Australia to floods and droughts elsewhere across the world's major grain growing areas.
Admin System Jul 31, 2012

Only 1/4 of Australian Mining Firms Plan to Invest in Major Projects in 2012

There appears to be some truth to warnings from industry experts that the mining boom is headed for a slowdown. One evidence is that a new report released on Tuesday found that only one-fourth of Australian mining firms plan to invest in major projects in .the next 12 months.
Vittorio Hernandez Jul 31, 2012

Exxon Starts Drilling for Natural Gas in Papua New Guinea

Exxonmobil announced on Monday that it has started to drill for natural gas in Papua New Guinea (PNG) as part of its $15.7-billion PNG LNG venture. The drilling is at the Hides natural gas field at PNG's highlands.
Vittorio Hernandez Jul 31, 2012

Hope Builds For Uranium While Spot Slides

By Andrew NelsonWhile spot prices continue to falter, many in the market are growing increasingly upbeat about the prospect for uranium prices and the share prices of producers.
Admin System Jul 31, 2012

Australian Stock Market Report – Afternoon7/30/2012

The Australian sharemarket improved for the third consecutive trading session today, with the All Ordinaries Index (XAO) up 0.8 pct or 32.5 pts to 4266.9. Almost all sectors ended the day higher, with the exception of the energy players which ended largely flat.
Vittorio Hernandez Jul 30, 2012

UPDATE: Ford Australia To Close Shop in 2016

That Ford Australia recently slashed ­production to about 33,000 cars a year and laid off 440 employees are by means already telltale signs it will soon be padlocking the doors of its plants permanently in Australia.
Esther Tanquintic-Misa Jul 30, 2012

Report: Ford Australia’s Exit a Foregone Conclusion

Ford Australia has pledged to locally assemble vehicles in the country until 2016 and that’s it, according to an automotive industry expert, who added the exit of the global carmaker has been a foregone conclusion.
Erik Pineda Jul 30, 2012

Australian Stock Market Report – Midday7/30/2012

Once again global market rallied higher on Friday, boosted by renewed expectations that The European European Central Bank (EBC) will announce a new form of stimulus for the European markets when it meets on Thursday. On Friday night the German Chancellor Angela Merkel, French President Francois Hollande and Italian Prime Minister Mario Monti all agreed more needs to be down to help stabilise the markets and the Euro. The market is now expecting this will mean that the ECB could resume its bonds...
Vittorio Hernandez Jul 30, 2012

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