MIDDAY REPORT
(12.30pm AEDT)The Australian sharemarket is continuing to fall after a tough start to the new trading week yesterday. The ASX 200 index (XJO) is down 0.4 pct or 17.1 pts to 3879.9 while the broader All Ordinaries index (XAO) is 0.5 pct or 18.9 pts lower to 3941.8.
High-tech devices such as iPhones, iPads and camcorders topped the list of gifts that were given to New South Wales public officials. Next to the gadgets, also high on the list of bribe items masked as gifts were beach holidays, football tickets and gift vouchers.
It appears Apple is convinced that Samsung Electronics will not be able to market its Galaxy 10.1 tablet in Australia as the U.S. tech firm rejected Tuesday overtures by its South Korean rival for a settlement of their legal dispute.
- NAB expects slow US growth rather than recession- More significant QE measures unlikely in such an outcome- Australian growth should be solid in 2H11- This suggests no near-term rate cuts by RBABy Chris ShawNational Australia Bank head of research Peter Jolly has just returned from a two week trip...
Despite a continuing insider trading investigation, the pending takeover of Australia's Sundance Resources Ltd. by Hanlong Mining of China is almost as good as a done deal, lacking only signatures.
Economists said Tuesday that despite the stronger-than-expected international trade and building approvals figures for August, the Reserve Bank of Australia is unlikely to change the current cash rate.
The declaration made by Greek government officials that it will miss its fiscal deficit this year and probably be mired in recession for the rest of next year has triggered another cause for concern among Asia-Pacific economies.
National Australia Bank now offers the best one-year fixed rate among Australia’s largest banks, after it slashed its fixed interest rates by as much as 0.15% on Tuesday.
Stall owners at local markets are facing twin challenges today, that of a thinning market and skyrocketing rent. Traders agree to find ways to attract local shoppers back.
A faulty signature update for Microsoft Security Essentials and Microsoft Forefront made an error on Friday and classified the Google Chrome executable file for Windows as a malware, specifically a ZeuS Trojan.
Some mixed news for Emaar properties, one of Dubai's - state owned - master developers. That is, mixed news, not in a share of good and bad news, but rather in the fact that the bad news was tinged with goodness.
Sony Computer Entertainment America (SCEA) is offering exclusive games on PlayStation Network (PSN) every Tuesday starting this month. Gamers in North America who download games or make purchases worth up to $60 using their PlayStation Network/SEN Wallet can earn $10 store credits in November.
Bell FX Currency Outlook
The AUD is looking vulnerable, currently holding just above USD0.9500, after reports that Greece will miss its budget deficit targets in 2011 and 2012.
By Greg PeelThe Dow fell 258 points or 2.4%. The S&P fell 2.9% to close at 1099, breaching the earlier August intraday low of 1101.
By Greg PeelUnlike the uranium spot market, which in recent weeks has been dominated by traders and hedge funds on both sides of the price, the uranium term market more represents legitimate supply deals between producers and utilities and is thus more representative of ongoing longer term uranium d...
Apple Inc. unveils the highly hyped fifth generation iPhone at its Cupertino, California headquarters. The event marks the first time Tim Cook will take center stage after succeeding the ailing Steve Jobs. While hoping to stride out from Jobs' shadow, he hopes to retain the Apple founder's magic in pitching new Apple devices. More than whether Cook will give the first impression that he is a showman and a visionary like Jobs, here are five things we'd love to see at the Oct. 4 but pr...
Woolworths is recalling 3 litre Homebrand Full Cream Milk for possible contamination of food-grade dairy cleaning solution. Food products containing cleaning solution may cause illness to some if consumed.
Woolworths has recalled some of its home-brand milk and has reassured its customers that the recall is just a precautionary measure.
Amazon.com new Kindle Fire tablet costs $209.63, IHS iSuppli estimated on Friday but since Amazon is selling the tablet for only $199 every tablet is costing the company $10 to produce.
The Margaret River Guide phone app has been launched to help visitors and tourists enjoy the best of their stay and vacation in one of Australia's most stunning territories.
Australia’s largest consumer class action returned to the Federal Court today with Maurice Blackburn representing around 34,000 ANZ customers who have filed against the bank in protest against the bank’s exception fees.
Ashton has agreed to sell 10 % of its stake in Maules Creek Project for A$370 million to J-Power Australia Pty Ltd, subsidiary of J-Power of Japan.
Microsoft is admitting that its in-house anti-virus product, Microsoft Security Essentials, had targeted Google's rival Chrome browser for blocking or even deletion, which the company insisted was unintended.
Seasonal spikes on three major consumer goods led to more than two percent surge in inflation over the past three quarters, according to the latest inflation measures released on Monday by the TD Securities-Melbourne Institute.
The inflation report on Monday showed a decline in prices of fruits and vegetables which dropped by 5.6 percent last month after a decrease of 1.6 percent in August.
Limbaugh blasts GM for trying to sell the Chevrolet Volt in China, but his central premise (based on a New York Times story, no less) may be wrong.
Samsung plans to launch an upgraded version of the 7-inch Galaxy Tab in Australia before Christmas, Smarthouse reports.
In a world-first Australian experiment, Coca-Cola is replacing the "Coke" branding with one of 150 of Australia's most popular personal first names for its next summer marketing campaign.
Aldi has won its Federal Court case against ePAL, which has been found liable for misleading and deceptive conduct under the Competition and Consumer Act.
Mortgage industry aggregator Australian Finance Group (AFG) has come out in support of the broker proposition, by issuing a warning to consumers over the loan offer being provided by One Big Switch.