Hastie Stands Down 2,700 Workers Without Pay for 28 Days
The fears of hundreds of layoffs as a result of the financial collapse of the Hastie Group moved a step closer as the company stood down on Tuesday morning 2,700 workers.
How To Trade Panic
By James Stanley, Trading Instructor, FXCMIf you lived in the United States before the year 2000, the thought of yellow and orange-jacketed traders screaming at the top of their lungs across a rainbow of other-colored jackets, slips of paper flying everywhere, is probably something you associate wit...
The Overnight Report: Spain And Italy Temper Enthusiasm
By Rudi Filapek-VandyckUS equity and treasury markets were closed on Monday as the country enjoyed a long Memorial Day weekend.
Hopes Of More Policy Easing From Beijing
Asia Session: Hopes of more policy easing from Beijing take the spotlight off SpainBy Chris Tedder, Research Analyst FOREX.
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Australian Stock Market Report – Midday 5/28/2012
The Australian share market is moving to recover some lost ground on the first day of the last trading week of May. The catchphrase "Sell in May and go away" appears to have rung true for investors so far this month, however solid buying is helping to support the main All Ordinaries Index (XAO) today on hopes Greece will approve its latest bail-out conditions. At lunchtime in the East, the XAO is up 21.4pts or 0.5pct to 4102.6.
Aussie Workers Waste Time on the Job; Blue Collar Workers Unhealthy
An Ernst & Young study has estimated the cost of underproductivity of Australian workers at over $41 billion a year in salaries alone.
Hundreds Join Unemployed as Hastie Group, Game Collapse
Unexpected gains in Australia's employment figures in April could be reversed as hundreds of workers may become jobless with the collapse of the Hastie Group and Games.
Domain’s Mobile Apps Build Traction
Last week Domain announced their mobile apps have surpassed 1 million downloads and that 36 per cent of all Domain.com.au enquiries now come through mobile.
Economic Stimulus: How to Profit From Cane Toad Economics
It's that time again. Every four to six years, the US has a recession, so it's due for one soon.
Rudi's Response: Why Take On Too Much Risk?
By Rudi Filapek-Vandyck, Editor FNArena (back from traveling abroad)I received the question below about Fairfax Media ((FXJ)) from FNArena subscriber Brad Mendel.
Peter Switzer: I Sure Hope I'm Right About The Eurozone
By Peter Switzer, Switzer Super ReportSo here we are again keeping our fingers crossed that the European Union (EU) leadership can come up with something that will stop spooking and rocking stock markets.
Australian Stock Market Report – Afternoon 5/25/2012
The Australian sharemarket lost ground for the third consecutive day and week, with the All Ordinaries Index (XAO) down 0.6 pct or 25 pts to 4081.2 today. Nine out of 12 sectors finished in the red today and the broader market hit a fresh six-month low. On June 17, the Greeks will need to return to the polls to vote for a President for the second time. Markets are likely to remain jittery leading up to the event.
More Steel Production for China as Beijing Approves $11B New Guangdong Steel Mill
This could mean another round of iron ore shipment surge for Australia as China announced on Friday its approval of the $US11-billon steel project proposal submitted by Shanghai-based Baosteel Group.
Study: More Online Adverts Viewed on Tablet Computers in Q1 2012
Advertisers take notice. Views of online advertisements have been gradually migrating on mobile devices as shown by a new report issued on Thursday by Internet advertising firm Millennial Media.
Prada Embarks on Ambitious Expansion Plan
Italian fashion brand label Prada SpA is about to embark on an ambitious expansion rollout in the next three years mainly to pursue the promising income from the BRICs (Brazil, Russia, India and China) as well as from countries in the Persian Gulf.
China’s First Commercial Plane Hampered with Approval Delays
The flight of China's first commercial plane has been delayed owing to the rescheduling done by Chinese authorities of its final airworthiness test certification.
Rio Tinto Insists on Iron Ore Growth Plans
Rio Tinto remains on track to expand its iron ore operations despite earlier indications from the mining giant's CEO, Tom Albanese, that at a certain period the company will temporarily slow down on its output plans.
Rinehart On a Roll: Australia Allows More Foreign Workers; but Thumbs Down Tax Relief
Earning $1 million every 30 minutes has its disadvantages too. For Gina Rinehart who was named this week by BRW Magazine as the world's wealthiest woman with $29 billion to her name, it meant more public scrutiny of her companies as well as her private life, particularly the ongoing family court feud.
School Bullies at Risk of Not Finding Work
If school bullies destroyed many young lives during their grade and high school days, when it comes to the workplace, it would be their turn to be on the other side of the fence.
Greece's Predicament: Lessons From Argentina
By Peter Kretzmer and Mickey LevyGreece's economic and financial crisis is quickly deteriorating and there is no strategy ? or even a coalition government ? to figure out what to do next.
Porsche back in ‘Motorsport’
Forza Motorsport fans unite - Porsche is back!
64,000 Subscribers Hang up on Vodafone in March Quarter
A high-profile advertising campaign failed to convince thousands of subscribers to remain with Vodafone.
Qantas, Jetstar Add 900,000 Seats on East Coast Routes
Qantas and Jetstar will add about 900,000 more seats on its east coast routes by July in a bid to improve the company's finances. The addition of capacity, announced Thursday, is part of the revamp initiated this week by Qantas Chief Executive Alan Joyce.
Japan: Still the World's Top Creditor Nation for 21 Years
Japan has retained its position as the world's top creditor nation in 2011, a title it has held on to for the past 21 years.
World Bank: Slowing Chinese Economy Drags Down East Asia
While China's economy is still booming compared with other world economies, the World Bank has once again cut China's growth forecast to 8.2 percent.
The Overnight Report: Feeling Weary
By Greg PeelThe Dow closed up 33 points or 0.3% while the S&P gained 0.1% to 1320 and the Nasdaq lost 0.
Opposition Blames Carbon Tax for Closure of Hunter Valley Smelter
Although operators of the soon-to-be shuttered smelter plant in Hunter Valley cited the high Australian dollar and weak prices in the international market for aluminium as the short-term reasons why it would close its Kurri Kurri facility, the Opposition seized the closure of the plant to blame again the carbon tax for the economic woes of companies in Australia.
HP Gears Up for Business Refocusing, Discloses Planned Release of New Windows 8 Tablet
Growth will be Hewlett Packard's (HP) core vision over the next two years and the company's new business plan includes the upcoming release of a Windows 8-powered tablet computer later this year and the phased separation of thousands of workers.
Calling Beijing: China Flash PMI Falls
By Greg PeelHSBC reported today its "flash" estimate of its independently calculated Chinese manufacturing purchasing managers' index (PMI) fell to 48.
Investment Property Search Now Available on Homesales.com.au
Homesales.com.au has launched 'Investment Property Search', a new free service specifically aimed at property investors.
In A First, A Major Portal Puts Listings in Chinese
It seems that Chinese buyers have the buying power in today's market. That includes Chinese-speaking Australians who hail from China and other parts of Asia Pacific.
Android ICS Update: List of Smartphones with Android ICS Soon!
The latest Android version which is known as Android 4.0 or Android ICS (Ice Cream Sandwich) is something that Android users have been waiting for a long time now ever since it was announced to the public. Though Android ICS was already announced 6 months ago, not all smartphones have been updated to the latest Android version.
Why Sooner or Later in Europe Someone Will Have to Pay
Let the recriminations begin! And then the show trials!
Adverse Market Conditions Forces Brightsource Energy to Back Off from its IPO
Brightsource Energy has abandoned its IPO. Citing adverse market conditions stemming from a lack of public interest/funding in greentech solar companies, the company withdrew its plans to become listed and offer shares on the NASDAQ last month.
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