BUSINESS

Spot Uranium Grafting

By Greg PeelThere appears to be no pressure at present on potential sellers of spot uranium to aggressively meet buying interest, and what buying interest there is remains discretionary, industry consultant TradeTech notes.

3 More Waiting Days for Trapped Peru Miners

Oscar Valdes, cabinet chief to Peruvian President Ollanta Humala, said on Tuesday that it would take about three more days before the nine trapped miners could be rescued.

Qatar is 3rd Largest Shareholder in Xstrata

Qatar became the third-largest stockholder of mining firm Xstrata after it bought 5 percent of the company's shares at $A2.65 billion. The purchase was made by the country's sovereign wealth fund.
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The Economy: Retailing Again Weak

No joy for retailers from the latest sales data from the Australian Bureau of Statistics yesterday which showed a rise of just 0.2% in February.

UK Ban on Low-Quality Meats Spells the End of Cheap Burgers

Acting on a ban by the European Commission, the United Kingdom has issued a moratorium against the technique of stripping meat from animal bones, raising concerns over the future of cheap patties and burgers.

Bonds: Too Much For Now, Or Too Little?

Government bonds had a tough first quarter, recording losses, and so far the second quarter is seeing a bit more of the same as market rates edge higher on signs the US economy is doing better than expected and the eurozone crisis has eased.

Interest Rates: RBA Sits, Again, Hints At May 1 Cut

It was a close run thing at yesterday's April meeting of the RBA board, a rate cut almost happened, judging by the significant change to the wording of the key part of the post meeting statement from Governor Glenn Stevens.

Corporates: Metcash Cuts Jobs, Restructures/OneSteel’s New Name

The weak retail sales data from the ABS helps explain why Metcash, the big grocery retailer and hardware and liquor distributor and retailer announced a big restructuring yesterday of its basic grocery distribution businesses and the write down of an investment in retailing in Queensland.

Australian Stock Market Report – Midday 4/5/2012

The Australian share market has started the final day of the shortened trading week on a negative note, as profit takers move in ahead of the Easter break and following weakness on offshore markets overnight. US and European markets retreated following a disappointing Spanish bond auction and as investors anxiously debated what markets would look like without more stimulus from the US Federal Reserve. In early trade on the local market, the All Ordinaries Index (XAO) is down 34.5pts or 0.8pct to...

Samsung Announces Delay for Samsung Galaxy Tab 2 Line

Korean-based firm Samsung announced that there will be a delay regarding the Samsung Galaxy Tab 2 line. The company announced that the Samsung Galaxy Tab 2 line will be likely to be available by the end of April, 2012.

Australian Exports Down 2% in February

Australia's exports declined 2 per cent in February which contributed to a trade deficit of $480 million. It is the second largest trade deficit for the country since early 2010.

Instagram Now Available in Android

Instagram, the popular photo-sharing app is now available for Android users. It was first exclusively offered to iPhone users for the past 18 months but it has now expanded to Android-based smartphones.

James Murdoch Relinquishes BSkyB Chairmanship

Apparently taking too much heat from the scandals hounding his family's media empire, James Murdoch announced on Tuesday his resignation as chairman of British Sky Broadcasting (BSkyB).

Mercedes-Benz B-Class Launched

The all-new, second-generation Mercedes-Benz B-Class has launched in Australia with three model variants making up the range: B180, B200 and B200 CDI.

McLaren MP4-12C Supercar for Rent

Now we all know how most rental cars get treated, but we suspect this McLaren MP4-12C may be treated with a little bit more respect by its users.

Global Markets Overview 04/04/2012

Stocks fell after details from the Federal Reserve's most recent policy meeting offered no signals that immediate monetary stimulus is on the way, prompting investors to question whether the rally can continue without a prime driver.

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