BUSINESS

Australian Stock Market Report - MIDDAY 10/10/2011

The Australian sharemarket is surprisingly holding up very well despite a fall in U.S shares on Friday. The All Ordinaries index (XAO) is up 1.1 pct or 46.4 pts to 4271.4, adding to the 3.8 pct gains recorded last week.
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St. George Names New Head of Broker

The St. George Banking Group has named current RAMS head of franchise Clive Kirkpatrick as its new general manager of broking across St. George, Bank of Melbourne and BankSA brands.

Aussie Pushes Into Perth

Aussie Home Loans has pushed its recruitment drive into WA, seeking to draw franchisees from both within and outside the financial services industry.

Sydney Sees First Homebuyer Spike

A Sydney real estate group has claimed a 20% spike in first homebuyer enquiries ahead of changes to stamp duty concessions in NSW.

Not All Commodities Equal In The Event Of Recession

- Barclays Capital suggests risks of a global recession are increasing- In such an environment commodities deliver variable performance- Cattle, hogs, gasoil and wheat most at risk in current environment- Platinum, cotton, lead, carbon and cocoa among the better placed commoditiesBy Chris ShawIn the...

Qantas Orders 110 Jets Amid Strikes

While battling strikes from ground crew, baggage handlers, engineers and pilots, Qantas also signed on a contract on Thursday for the largest single commercial jet order in Australian aviation history worth $9.5 billion.

Europe: Downgrades Intensify Crisis

Despite the solid rebound in market confidence last week (well, up to Friday night in the US), the European debt problems haven't gone away.

Markets: Shares Fade In New York, Gold, Oil Hesitant

Despite a better than expected jobs report for September, Wall Street closed in the red on Friday after the credit rating warnings for Italy and Spain scared investors and downgrades for European and UK banks sent American bank shares sharply lower.

High-tech Name Games

Until Steve Jobs came along, apple was the name of a popular fruit often portrayed as the fruit that Biblical character Eve offered to Adam, which resulted in the two being banished by God from the Garden of Eden.

A Very Busy Weekend For Europe?

By Kathleen Brooks, Research Director UK EMEA, FOREX.comThe main event this weekend was supposed to be the Franco/ German summit in Berlin; however this produced nothing more than another pledge to do everything possible to save the Eurozone in its current form.

France Plans to Utilize Bailout Fund in Recapitalizing Own Banks

One week before the Brussels Summit of European Union (EU) leaders for the Polish presidency from Oct. 17 to 18, the German and French governments remain divided on the matter of supporting unsteady banks in the continent and solving the debt problem that could lead to a Greek default.

Australian Stock Market - Closing 10/07/2011

The share market rally continued today, with local stocks gaining for the third session in a row. Investor optimism was boosted by strong gains in the US and Europe overnight after the European Central Bank announced new measures to provide cash strapped banks with liquidity.

Copper Prices to Recover in a Month

Copper prices are expected to rebound in six weeks. In a survey of 15 respondents by Bloomberg, 10 copper traders and analysts see the prices of the commodity growing by next week, while five others forecast a fall. The survey is the most bullish reading taken on the commodity since August.

Microsoft Denies Fresh ‘Halo’ Movie Rumor

A novel based on the popular xBox game Halo of Microsoft Studios is coming out for sure but its legions of fans would like a movie adaptation more. So it was not surprising that rumors of a Halo movie is circulating again in gaming circles after the latest press release on the book "Halo: Cryptum" by Greg Bear hinted a film adaptation coming in theaters next year.

Recession, not Apple, is Real Threat to Samsung

Samsung Electronics admitted in its third-quarter forecast Friday that its profit for the period may fall below expectations with slow sales of its flat-screen TVs and computer chips. But a booming smartphone and tablet business still produced a $3.5 billion profit.

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