BUSINESS

Good News Story Continues For Campbell Bros

- Campbell Brothers (again) lifts interim earnings guidance- Upgrade reflects continued strength in minerals testing volumes- Brokers lift earnings forecasts- UBS and Macquarie see value at current levelsBy Chris ShawHaving previously guided to 1H12 net profit of $90-$95 million, management at Campb...

You Can Bank On It

By Greg PeelBank analysts figured it out a while back, but unfortunately the market has not, particularly foreign investors in the Australian market.
More news

Australian Stock Market Report - CLOSING - 09/27/2011

AFTERNOON REPORT (4.30pm AEST)The Australian share market snapped a three day losing streak today, rallying by 3.5pct as investor sentiment was boosted by hopes European leaders will announce fresh measures to address the sovereign debt crisis. The All Ordinaries Index (XAO) added 135.9pts to 4063.5, after touching an intra-day high of 4049. The S&P/ASX 200 Index (XJO) firmed by 140.7pts or 3.6pct to 4004.6.

Netflix, Dreamworks Announce Streaming Deal

Netflix Inc. and DreamWorks Animation has reached a multi-year streaming deal that gives Netflix exclusive rights to run DreamWorks feature films and television specials.

Japan Steps up Decontamination near Fukushima Plant

A few days after alarming levels of radioactive cesium and iodine 131 were reported near the crippled Fukushima Daiichi nuclear plant, local officials plan to decontaminate homes within 60 kilometers, NHK World News reported.

Asia-Pacific Markets Report - Afternoon 9/27/2011

Across Asia, regional markets are all sharply higher following the strong rebound rally seen in overnight trade amidst renewed hopes the latest plan European officials are working on will help ease the debt crisis. The Kospi is the best performer, up 4.1% while the Shanghai Composite, Nikkei 225 and Hang Seng are all up between 0.5% and 2.5%.

SEC Probes S&P for Ratings of Mortgage Securities

The U.S. Securities and Exchange Commission is investigating Standard & Poor on suspicion of issuing a complex mortgage security identified as Delphinus in 2007, at a time when the housing market already was crumbling.

Australia Stock Market Report - Afternoon- 09/27/2011

MIDDAY REPORT (12pm AEST)As expected, the Australian share market is wiping out yesterday's falls with the All Ordinaries index (XAO) up 2.9 pct or 114.9 pts to 4042.5. Keep in mind that despite the improvement, the market locally has still lost ground for five of the past seven sessions.

Good Guy Vibrations

- The Good Guys are up for sale- A chance for Woolies or Wesfarmers?- The business could bolster either's hardware chainsBy Greg PeelCome in a see the Good, Good, Good Guys / Pay cash and we'll slash low prices.

Markets: Gold, Silver Still Down, Shares Calmer, Rise

It's now clear that gold and silver have emerged as the major casualties of the current sell-off, only 10 days after gold dealers and several leading forecasters predicted the price would top $US2,000 an ounce by the end of the year.

Greek Parliament Set to Vote on Property Tax Changes

Greek lawmakers are expected to make crucial decisions today on the property tax that may serve as the means to convince the International Monetary Fund (IMF) and European Union (EU) to make available an 8 billion euro ($11 billion) loan.

Australian Dollar Outlook - 09/27/2011

The AUD has strengthened overnight, opening above USD0.9800, as markets cautiously thought through the possibility the world economy may avoid a global recession.

Rio Tinto Now Owns 49% of Ivanhoe Mines

After the Mongolian government stated it wants to acquire a bigger equity in the Oyu Tolgoi copper and gold mine at a much earlier pace, Rio Tinto has cemented its shareholdings on the company, Ivanhoe Mines, which directly manages the said mining project in Mongolia. Rio Tinto now owns 49 percent of Ivanhoe Mines.

Volatility Hits Uranium

By Greg PeelIt was a relatively busy week in the spot uranium market last week given industry consultant TradeTech reports eight transactions were completed totalling over a million pounds of U3O8 equivalent.

Australia Stock Market Overview - 09/27/2011

MORNING REPORT (7am AEST)US new home sales eased by 2.3pct to an annual rate of 295,000 in August, in line with the consensus forecast. There were just 162,000 new homes available for sale - the lowest on record. The Chicago national activity indicator weakened from an upwardly revised reading of +0.02 in July to minus 0.43 points in August. The Dallas Fed manufacturing output index lifted from +1.1 in July to +5.9 in August.

Minecraft 1.9 Leaked; Quick Guide to Install Pre-Release

The developers of Minecraft are burning the midnight oil to meet the goal of unveiling a full version of Minecraft on 11/11/11. Just two weeks after releasing Minecraft 1.8, another adventure update to the sandbox building indie video game written in Java by Swedish creator Markus "Notch" Persson, has been leaked. Persson has also tweeted that Minecraft 1.10 is in the works.

Financial Turmoil Forces Mortgage Holder to Save: Survey

About 60 per cent of Australian mortgage holders have decided to create a bigger savings buffer for ‘unforeseen circumstances’ amid recent financial market turmoil, according to independently-owned mortgage broker, Mortgage Choice.

Pages