BUSINESS

China’s Chery Auto Continues Recall from Uruguay, Chile, Argentina, Singapore

Two weeks after Chery Auto, China's largest domestic automobile manufacturer and exporter, recalled some 23,000 vehicle units from Australia due to findings of potential cancer-causing asbestos in some models, the company announced it is set to recall an additional 18,000 units from overseas, still due to the same reason.

No Letup in Global Housing Market Downturn, Aggravating European Crisis

www.globalpropertyguide.comNo end to the global housing market downturn is yet visible, except probably in the US, according to a survey of global house price trends by the Global Property Guide. Asia is weakening, and house price falls in the worst-hit European crisis countries are dramatically accelerating.

Samsung on the Offensive, Unwraps Android, Windows Smartphones

What Samsung has been up to since losing its U.S. legal battle with Apple last week? It appears the tech giant is far from licking its wound, opting instead to push out two new gadgets that it hopes would soon eclipse the court room disappointments it just absorbed.
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Australian Stock Market Report – Midday 8/29/2012

Yesterday the Australian stock market closed 14 points higher. Overnight the US market were in a holding pattern ahead of the Federal Reserve yearly conference that kicks off at the end of this week and ahead of the return to work and school next week after spring break next Tuesday.

Samsung Will Soldier On, May Even Reinvent its Gadgets

Samsung has vowed to fight Apple’s efforts to shove its gadgets out of the United States following last week’s jury verdict that labelled most of the South Korean tech giant’s products as less innovative.

Ex-Portfolio Manager Faces 63 Charges of Insider Trading

Mark McLean Hildebrant, a former portfolio manager of investment firm Vanguard, is facing 63 counts of insider trading. The 39-year-old former manager did not enter a plea when he appeared Tuesday at the Melbourne Magistrates Court.

Aussie Set To Break Down?

FNArena has added another video to its Investors Education section on the website. This week ATW's Jerry Simmons takes a look at natural gas and its likelihood of moving lower.

Counterfeit Notes on the Rise in India: Rerserve Bank of India

The number of counterfeit notes detected by private banks in India grew by 23 percent from 2010-2011 to 2011-2012, reported the Reserve Bank of India on Sunday, with the Indian government set to introduce plastic notes across five cities by the end of this year in an effort to reduce forgery and thwart other illegal activities related to fake currency.

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.

Australian Stock Market Report – Afternoon 8/28/2012

Australian stocks closed just shy of their opening highs today, with defensive stocks leading the gains following a mixed finish on global share markets. The All Ordinaries Index (XAO) finished higher by 14.1pts or 0.3pct to 4387, after hitting an intra-day high of 4391.9pts.

Virgin Australia Back in Black as FY Profit Soars 134%

Efforts to lure corporate travellers from rival airliner Qantas Airways Ltd. had definitely paid off, as Virgin Australia Holdings Ltd., Australia's second-largest airline, posted a full-year profit of AU$22.8 million (US$23.6 million), up 134 per cent from the AU$67.8 million loss a year ago.

Telstra Targets 60Pct 4G/LTE Coverage by Mid-2013

Blazing wireless internet connectivity will be enjoyed by more than 60 percent of Australians come mid-2013 courtesy of the country’s leading telco Telstra Corporation.

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.

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