BUSINESS

BHP Billiton Approves US$367 Million Investment in Newcastle

Mining giant BHP Billiton has approved an investment of US$367 million (BHP Billiton share) for the third stage of development of the Newcastle Coal Infrastructure Group’s (NCIG) coal handling facility in Newcastle, Australia aimed at increasing total capacity at the coal terminal to 66 million tonnes per annum.

US Equities Facing Tough Resistance

FNArena has added another video to its Investors Education section on the website. In this video, ATW's Jerry Simmons suggests the rally in US equities might find the going tougher as strong technical resistance is looming.
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Is The ECB Turning Dovish?

By Kathleen Brooks, Research Director UK EMEA, FOREX.comThe ECB has been the most hawkish of the major central banks so far this year, but maybe not for much longer.

Melbourne Rental Vacancy Improves

The availability of rental homes in Melbourne continues to improve, the July rental vacancy rates from the Real Estate Institute of Victoria shows.

Big Shoes to fill at Apple

The cult of visionary leadership flatters those who have the chutzpah to reach out and pull success from the air, but failure eventually and inevitably follows for all but a very few.

Vacancy Rate Plateaus

Vacancy rates have remained tight in July, staying at 1.9% for the second consecutive month.

Markets: All Up, Gold Down

Bernanke, speaking in Jackson Hole, Wyoming, said the central bank's policy panel would meet for two days in September instead of the scheduled one-day meeting to discuss any more stimulus.

Dispute Heats Up on Labelling Options in Australia

The Australian Food and Grocery Council (AFGC) and consumer advocacy group CHOICE continue to disagree over the choice of different front-of-pack methods for food product labels to display nutritional information about the food.

Australian Stock Market Report - Morning 08/31/2011

The US Conference Board reported that its consumer confidence index hit a 2-year low of 44.5 in August, down from 59.2 in July. The S&P/Case-Shiller home price index measure of 20 metropolitan cities eased by 0.1pct in seasonally adjusted terms in June. In unadjusted terms, prices were up 1.1pct.

Could France Be Downgraded?

- A downgrade of French debt would be extremely detrimental to global sentiment- A new French budget is due next month- Economists fear the government is too optimisticBy Greg Peel2011's version of the 2010 euro-debt sell-off began in April as Greece once again hit the spotlight, followed rathe...

Global Markets Overview 08/31/2011

U.S. stocks rose Tuesday as talk of the Federal Reserve implementing yet another round of quantitative easing helped push the market higher for a third straight session.

iPhone Jailbreaker to Work for Apple

Apple has hired Nicholas Allegra aka “comex”, the 19 year old hacker famous for his one-click iPhone jailbreak site JailBreakMe, which makes removing the restrictions on Apple’s iPhone, iPod Touch and iPad devices as simple as clicking a link.

Apple vs. Samsung: Galaxy S's Perfect Recipe for Success (Failure)

Even the gods have been playing favorites. Samsung was scheduled to unveil on Aug. 29 the Galaxy S2 in the United States, the world's largest economy. But what could be a record launch of "the best smartphone that is not an iPhone", we have Hurricane Irene causing massive blackouts, billions in damages, and at least 44 deaths. Aug. 29 would have been a brilliant timing, as Tim Cook is still rearranging the furniture at Apple's executive offices after being abruptly asked to succe...

Amazon Tablet Called Best Hope Against the iPad

Amazon's newest tablet could be the best rival to Apple's iPad but only if the online retailer is willing to swallow selling the tablet at a loss, according to a study by Forrester Research.

Steel Industry Proposes Non-Protectionist Policy Measures

The Australian Steel Institute (ASI), the peak industry body representing the entire Australian steel supply chain, reiterated it is not proposing any form of mandates or other protectionism measures, but is calling for a more coordinated approach to assessing major project proposals more strongly linked to Australian Industry Participation (AIP) policies.

Uranium Tracks Lower

By Greg PeelBuyers may have been eager to pile in back in March when spot uranium fell below US$50/lb in the initial Fukushima plunge, but having drifted to under that level once more on general nuclear energy uncertainty, there was no sign of such interest emerging last week.

Australian Stock Market up at Midday

The Australian sharemarket is gaining for the second straight day. The vast majority of sectors are trading higher, with the financials index up over 1 pct at lunch.

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