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September Oil Output Down: OPEC

The crude-oil output by the Organization of Petroleum Exporting Countries (OPEC) fell in September, as member-nations Saudi Arabia and Nigeria voluntarily decreased production.

Teachers Credit Union to Rebrand as Mutual Bank

Teachers Credit Union, one of Australia’s largest and most successful mutual banking groups, plans to rebrand as “Teachers Mutual Bank”, subject to member approval. The credit union will put its proposals to its members at its AGM on 26 November. APRA approval would also be required.

Asia: Trims For China, India GDP Estimates

It was seven months to the day yesterday since the March 11 earthquake and tsunami in northeastern Japan, which then triggered the Fukushima nuclear crisis and crunched the economy.

Global Markets Overview - 10/12/2011

U.S. stocks bounced between small gains and losses a day after the Dow Jones Industrial Average posted its biggest advance in two months. The Dow shed 16 points, or 0.1%, to 11417, in Tuesday afternoon trading, following a 330-point surge Monday.

Australian Stock Market Report – Afternoon 10/11/2011

The local share market made it five wins in a row today, notching up the longest string of advances since early April. Hopes European leaders are closer to a long-lasting solution to the sovereign debt crisis gave investors a positive offshore lead, while sentiment was also boosted by a pick-up in business conditions and confidence, and ahead of the US reporting season which kicks off tonight. The All Ordinaries Index (XAO) rose 26.5pts or 0.6pct to 4288.8 while the S&P/ASX 200 Index (XJO) added...

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.

MetaQuotes Releases Android App For Trading

MetaQuotes Software Corp. today launched its new mobile trading platform MetaTrader 5 Android, which allows users to trade on financial markets even when away from their desktop computers.

Australian Stock Market Report - Midday 10/11/2011

The Australian sharemarket is gaining for the fifth straight day with the All Ordinaries index (XAO) up 0.6 pct or 24.1 pts to 4286.4. Despite the improvement, shares gave away some of their earlier gains as the XAO was up 1 pct after half an hour of trade.

No Faith In The October Rally

- FOREX.com expects further deterioration in global growth outlook- Risk aversion levels will thus also remain elevated- US dollar, yen and Swiss franc may strengthen on risk aversion- Risk assets such as commodities unlikely to be favouredBy Chris ShawEntering the final quarter of 2011, FOREX.

World’s Oldest Car Fetches $4.6 M in U.S. Auction

It may not be the most gorgeous and powerful car assembled by man but the French-built ‘De Dion-Bouton et Trepardoux Dos-a-Dos Steam Runabout’ fetched a whopping $4.6 million during an auction held Friday last week in Hershey, Pennsylvania.

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