BUSINESS

Global Markets Overview - 12/06/2011

U.S. stocks were ahead but off session highs Monday afternoon after a Financial Times report claiming that Standard & Poor's warned six triple A-rated euro-zone members that they may suffer ratings downgrades as a result of the deepening sovereign-debt crisis.
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Uranium Term Prices Slip

By Greg PeelIndustry consultant TradeTech closed out its spot price indicator for November month-end at US$51.

Finely Balanced Outlook For FKP Property

- Citi initiates on FKP Property with Neutral rating- Upside and downside risks for earnings are in play- Refinancing remains a key catalyst- Buy ratings still dominate on the stockBy Chris ShawFKP Property Group ((FKP)) is a diversified play, owning, managing and investing in the retirement, reside...

Sydney Ranks High in Commercial Real Estate Investment Sites for 2012

Sydney is ranked as the third most favourable market in the Asia Pacific region for commercial real estate investment next year, largely due to the resiliency of the Australian economy, according to Emerging Trends in Real Estate® Asia Pacific 2012, a real estate forecast jointly published by the Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC).

New Budget Air Carrier to Bring Out More Dollars From Australia

Australians will have another alternative budget carrier from Asia by mid-2012 as Scoot operates a 402-seat daily flight between Sydney and Singapore. Scoot will offer 40 per cent lower fare than traditional airlines and targets young and adventurous travelers who want to go around the region at lower cost.

Europe: Decision Week Looms

As pointed out in the Diary (see below), the coming week is going to be crucial for the future of the euro and Europe's slumping economy.

Diary: Australian Growth, Rates, Jobs

The flow of economic data and decisions will perhaps be the most important week this year and for the early months of next year for the global economy, and especially Europe and Australia.

Qantas Workers Gain Support of Labor Party

Qantas unions have secured the support of the Labor Party to strengthen the Qantas Sales Act. The party backed the motion filed by Transport Workers Union (TWU) Federal Secretary Tony Sheldon to keep majority ownership, operation and governance of Qantas in Australia.

U.S. Judge Rejects Apple Plea; Samsung Allowed to Sell Gadgets

A federal court judge in San Jose, California has ruled against Apple's petition to temporarily ban the sales of Samsung smartphones and tablets in the U.S. allowing the Korean products in market shelves until the start of the patent infringement trial on July 30, 2012.

Five Out For Five For Grange Resources

- JP Morgan initiates with Overweight rating on Grange Resources- Value the main attraction- Upside from new project and increased production, some risks at Southdown- Grange rated Buy by all five brokers offering coverageBy Chris ShawGrange Resources ((GRR)) is Australia's largest producer of ...

Australian Stock Market Report - Morning - 12/05/2011

From Craig James, Commsec Chief EconomistUS non-farm payrolls (employment) rose by 120,000 in November, in line with market expectations. Private payrolls rose by 140,000, the jobless rate fell from 9.0pct to a 2-1/2 year low of 8.6pct and average earnings fell by 0.1pct.

Global Markets Overview - 12/05/2011

From Morrison Securities: U.S. stocks finished barely changed in Friday's session to cap a strong week after the U.S. unemployment rate unexpectedly dropped and European leaders and central bankers redoubled efforts to tackle the sovereign-debt crisis.

Nokia Introduces 3D Indoor Mapping

Google's Android system may have updated its Google Maps feature to work indoors but Nokia is raising the bar by having their indoor maps in 3D.

Qantas Unions Blame Mismanagement for $200 Million Loss, Not Strikes

Qantas unions blamed mismanagement of the national air carrier for its $200 million loss for the second half of the financial year. The unions said Qantas should not blame the strikes for the loss, which Qantas Chief Executive Alan Joyce pinpointed as one of the reasons behind the red ink.

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