BUSINESS

Diary: A Quieter Week, But Watch The US Fed

A quieter, less hectic week is ahead of us here and offshore after the flood of data and the triple treat on Friday of the good US jobs data, the successful Greek bond swap and some good inflation figures from China which then reported a huge trade deficit for February on Saturday.

Fitch Cuts Macquarie Credit Rating to A-

Fitch downgraded on Tuesday the credit rating of the Macquarie Group by two notches to A- from A. The cut was part of the rating agency's review of the largest financial institutions in the world.

Australian Stock Market Report - Morning -03/13/2012

MORNING REPORT (7am AEDT - Due to the change in daylight saving hours in the US - Wall street now closes at 7am AEDT)The US employment trends index rose from 106.0 to 107.5 in February. The US federal budget deficit totalled $232 billion in February, above forecasts near $229 billion and above the $223 billion deficit in February 2011. The widening of the deficit in February was blamed on an additional day this year compared with a year ago. In the fiscal year to date the deficit is $581bn,...
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Flight Centre Downplays ACCC's Charge of Price-Fixing

Global travel agency operator Flight Centre has rejected allegations that it attempted to arrange price fixing deals with specific airlines, calling the charges filed last week by government regulators as 'stupid'.

Management Changes at Westpac

It is not just interest rates that are changing at Westpac, but also within the managerial level officials. The changes, announced on Friday by Westpac Chief Executive Gail Kelly, were timed with the release of the lender's 2011 annual report.

Australian Stock Market Report - Midday 3/12/2012

The Australian share market has started the trading week on a subdued note, following continuing concern about the Greek debt situation and on news China has recorded its worst trade deficit in 20 years. At lunchtime in the East, the All Ordinaries Index (XAO) is down 9.5pts or 0.2pct to 4291.

Daily Forex Forecast 02/12/2012

The Australian Dollar was pushed temporarily lower throughout local hours on Friday and a surprising trade deficit for the month of January was reported by the Australian Bureau of Statistics.

Investors Start To Look For The Next Weakest Link

By Kathleen Brooks, Research Director UK EMEA, FOREX.comThe markets have brushed off the Greek news from the weekend including the repercussions from the debt swap and the Eurogroup meeting later today that is set to rubber stamp the release of the second round of bailout funds for Athens.

Week Ahead: What Now For The Euro And Other Bits

By Kathleen Brooks, Research Director UK EMEA, FOREX.comHighlights:- What now for the euro?- To hike or to cut? A global central banker's dilemma- Why the rise in oil prices should grab our attentionWhat now for the euro?The debt deal agreed by Greece and its private sector bond holders to wipe...

iOS 5.1 Now Available on iTunes: Does It Really Fix Battery Bug?

It has been a busy week for Apple Inc. (NASDAQ: AAPL), the world's most valuable tech company. On Wednesday, it unveiled its next generation iPad, which features a higher-resolution display, a new processor, and support for high-speed 4G LTE data networks.

IAG Reveals 600 Job Cuts on CGU Restructure Model

Some 600 jobs will be lost in the insurance industry over the next three years as Insurance Australia Group (IAG) revealed on Friday plans to reduce its workforce to counter the high costs that hit the firm last year.

ANZ Bank Hikes Fixed Home Interest Rate to 6.34%

ANZ Bank announced on Friday that it would raise it fixed home loan interest rate by 20 basis points to 6.34 per cent. It is the first among the big four to adjust interest rates after the Reserve Bank of Australia (RBA) retained this week the current overnight cash rate at 4.25 per cent.

Australian Stock Market Report - Midday 3/9/2012

Local stocks are tracking higher on the final day of the trading week on growing optimism Greece will receive enough support for its debt swap deal. Private sector creditors are expected to sign off on the agreement by 5pm AEDT. At lunchtime in the East, the All Ordinaries Index (XAO) is up 18.4pts or 0.4pct to 4280.6.

Qantas Talks With Malaysia Airlines for Premium Carrier Bogs Down

Embattled Australian flag carrier, Qantas, is back to square one after it stopped talks with Malaysia Airlines for a premium carrier in Kuala Lumpur. Qantas Chief Executive Alan Joyce explained the bog down of talks to failure of both airlines "to reach mutually agreeable commercial terms."

Australia’s Jobless Rate Will Continue to Rise

Economists warned on Friday that the country's unemployment rate would continue to rise in the coming months. They explained their outlook to jobs generation moving at a slower pace compared to the growth in labor force.

Oman Surges Ahead

Residential prices in Oman are significantly down from their 2008 peak, especially within Integrated Tourism Complexes (ITCs).

Your Editor On Twitter

Rudi Filapek-Vandyck, Editor FNArenaI joined Twitter. Not because I am curious what this celebrity has to say about her kids, or to read that another one is waiting for a connecting flight, impatiently.

7 Groundbreaking Green Cars

Hybrid, clean diesel, electric and natural gas models have been named Green Car of the Year since the award began in 2006.

Your Editor On BRR's Round Table

By Rudi Filapek-Vandyck, Editor FNArenaYour Editor had the pleasure to host this week's Friday Afternoon Round Table and thus the formalities on screen were a little bit different than usual.

Apple's 3rd Generation iPad: Was the Hype Worth It?

There were already countless number of news reports and rumors circulating the Internet even before the official release of Apple's 3rd generation iPad. This news frenzy generated a bigger hype regarding the release of the new iPad but was the hype worth it?

Apple's New iPad vs. Android Tablets

The new iPad which was finally revealed last March 7, 2012 during an official Apple event changed the whole tablet war once again because of the specifications in the new iPad. Instead of calling it "iPad 3", Apple decided to just call name it as the "new iPad" and its improved specifications and features mean that Android tablets have to step up their game in order to compete with the new iPad.

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