BUSINESS

Wink Wink, Nudge Nudge, China

We continue our search today for evidence that Australia's commodity boom is over. Of course we could be totally wrong. But that's the establishment position anyway.

Philippine Airlines Signs $7b Deal with Airbus

Philippine Airlines informed that it had signed a $7 billion contract to buy 54 Airbus jets as a part of a modernization program to meet higher demands for transporting both passengers and cargo in Asia, the Middle East and Australia.
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Australian Stock Market Report – Midday 8/28/2012

Yesterday the local share market closed slightly weaker and today the start of trade was very muted, we had low volumes being traded and once again investor caution leading the way.

Union Shutters Cotter Dam Site Over Safety Issues

All construction work at the Cotter Dam site was stopped on early Tuesday morning by the Construction, Forestry, Mining and Energy Union (CFMEU) over safety concerns.

Is Uranium At An Inflection Point?

By Andrew NelsonYou can call it a support, or you can call it resistance, but either way uranium has stayed within a few dollars of US$50/lb for a long time now.

HSU Wants to Oust Whistleblower Kathy Jackson

Acting Health Services Union (HSU) National President Chris Brown is studying the filing of 10 charges in a bid to oust whistleblower and HSU National Secretary Kathy Jackson.

Mobile Browsers Are Changing Property Hunting

The next time one of your customers wants to browse listings on realestate.com.au, they may well reach for their touchscreen tablet or phone, instead of their computer.

The Overnight Report: Drifting

By Greg PeelThe Dow closed down 33 points or 0.3% while the S&P was flat at 1410 and the Nasdaq gained 0.

Australian Stock Market Report – Afternoon 8/27/2012

Despite a positive start, the local share market closed slightly lower today with investors unwilling to take on too much risk ahead of an important week on the global front. Chinese shares fell to their lowest level in three and a half years, following a fall in profits from industrial companies. After rallying to an intra-day high of 4402.9pts, the local market closed down 3.6pts to 4372.9.

Aussies Lose $4.8B to Cybercriminals

In 2011, Australians lost a total of $4.8 billion to cybercriminals, according to a Norton cyber crime report released on Monday.

Australian Stock Market Report – Midday 8/27/2012

The Australian share market has regained some Friday´s lost ground today. On Friday night we saw the US market rallying higher on expectations the US Federal Reserve members stated they were willing to restimulate the US economy if needed and positive comment out of Asia. The All Ordinaries Index (XAO) opened up 24 points higher, but by lunch had given back a bit of ground, holding on to a 15 point gain at 4,391 points.

Will Japan Renegade on Deal to Purchase Bonds from South Korea Over Territorial Dispute?

Japanese finance minister Jun Azumi has hinted that his government may renege on a deal to purchase bonds from their South Korean counterparts, reported the Wall Street Journal on Friday, after bilateral tensions erupted earlier this month following South Korean President Lee Myung-bak's visit to a group of islands claimed by Japan.

Perth Shops Now Open on Sundays, Holidays

Perth residents trooped to shopping malls and other retail outlets on Sunday for the first time as Western Australia's amended Sunday trading laws took effect on Aug 26.

Warning Signs For Platinum Investors

By Mike Kapsch, Investment U ResearchStrange happenings are afoot in the platinum market...Despite prices falling as much as 28% over the past year, investors are still betting heavily on further declines to come.

BHP to Hike Coal Output by 50%

BHP Billiton (ASX: BHP) may have shelved expansion plans at the Olympic Dam, but the mining giant is still on an expansion mode in other areas of operations. BHP Chief Executive Marius Kloppers disclosed on Sunday that the company will boost its coal output in Queensland by 50 per cent by hiking production at 10 per cent for the next two years.

Australian Stock Market Report – Afternoon 8/24/2012

The Australian sharemarket maintained its losses throughout the afternoon, to end lower for the third time this week. Despite the pullback, the local market has still improved for seven of the past nine trading weeks. Shares have jumped by 2 pct so far this month and are adding to July's 3.7 pct gains.

Apple Still Dominates Global Tablet Shipment in FY June 2012

Apple’s iPad has provided much of the leg for the global tablet market to march through incredible growth in the June 2012 quarter, gaining 77 per cent from the overall shipments of the gadget over the past 12 months.

Ferguson Insists Mining Boom Not Yet Over in Australia

Minister for Resources Martin Ferguson belied on Friday speculations that Australia's mining boom is coming to an end. While recent decisions by resource companies indicate a slowdown based on shelving or cancellation of multibillion-dollar projects, there are many ongoing ventures as well as newly approved applications that show the sector is still robust.

The Case For Gold

Following a quiet summer, gold has just risen to four-month highs. BullionVault founder Paul Tustain puts the action in context.

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