The Overnight Report: Wall Street Rocks
By Greg PeelThe Dow rose 322 points or 3.0% while the S&P gained 3.4% to 1162 and the Nasdaq jumped 4.
BIS Shrapnel Sees Solid Oz Retail Property Returns
- Slowest rate of retail turnover growth will not remain in place forever, argues BIS Shrapnel- New report suggests solid returns should be achieved despite touch conditions- Improvement in consumer spending to help boost returnsBy Chris ShawThe current economic environment has resulted in the slowe...
Global Markets Overview 08/24/2011
U.S. stocks surged Tuesday as another dose of bleak economic data raised hopes that the Federal Reserve will take additional measures to stimulate the economy.
New Look of TheHomepage.com.au Sets New Record Views
TheHomepage.com.au is reporting a jump in customer engagement since launching a new feature in July that positions video as the ‘hero’ in all listings — replacing still photography as the first thing a visitor sees.
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Virgin Pilots Say Yes to Pay Rise Deal
Virgin Australia’s long-haul pilots and long haul cabin crew have voted yes to their respective enterprise bargaining agreements (EBAs).
CommBank Partners with Agbank to Capture Chinese Market
The Commonwealth Bank of Australia has agreed to a cross-border referral deal with ‘big four’ Chinese bank Agricultural Bank of China in hopes of drawing more customers.
Companies still Liable for Workers from Home
A recent landmark legal case in which a Telstra employee successfully claimed compensation for injuries suffered while working from home has raised some serious concerns for employers who offer similar flexible working arrangements.
'Volatility' delays CUA Broker Comeback
Economic volatility has delayed CUA's re-entry to the broker market, the mutual has indicated.
Australia's Banks: Switching Widespread; Reforms Needed
The Australian Bankers' Association has claimed there are already high levels of switching between financial institutions, but has committed the banking industry to working with the government to ease switching following the release of proposed legislative reforms.
Australian First Mortgage Makes Second Rate Cut in a Week
Australian First Mortgage has made its second round of fixed rate cuts in a week.
Horrible Bosses not just in Hollywood
It may be the title of the latest Hollywood-blockbuster comedy, but having a horrible boss is the norm for many people in reality - and a real threat to employee retention, according to a recent survey.
BlueScope Bonuses Outrage Steel Workers, Senator
BlueScope Steel's decision to grant executive bonuses of up to $3.05 million while at the same time axing 1,400 jobs from steelworks around the country has outraged the Australian Workers' Union and independent senator Nick Xenophon.
HSBC Flash PMI Suggests China Momentum Bottoming
By Rudi Filapek-VandyckChina's manufacturers continue operating under tough circumstances, but minor improvements seem to be on the cards.
Property developers blast COAG 'nonsense'
Non-profit property developer group the Urban Taskforce has blasted the Council of Australian Governments, saying it has failed to take any action on housing affordability.
Fortescue Upside Linked To Targets, Iron Ore Prices
- Fortescue result meets consensus expectations- Cost guidance increased, earnings forecasts trimmed- Production guidance maintained, brokers factor in some slippage- Buy ratings continue to dominateBy Chris ShawFull year underlying earnings for iron ore play Fortescue Metals ((FMG)) came in at US$1...
Steel: BlueScope Cuts, OneSteel Builds
It was a telling contrast, the day BlueScope Steel cuts 1,000 jobs, closes two steel plants and reveals a loss, including write-downs totalling $1.05 billion, its smaller competitor, OneSteel reveals plans to spend another half a billion dollars expanding its iron ore export business.
Markets: Australia To Avoid Wall St's Friday’s Fall?
Despite another fall in global markets on Friday, the Australian market looks like steadying today.
Uranium Drops Below US$50
By Greg PeelInterest in the spot uranium market has been quietly drying up week by week confirming earlier feedback provided by industry consultant TradeTech.
Super Cheap Retail A True Standout
- Super Retail delivers standout result- FY12 trading has also started solidly- Improved value implies upside, ratings upgradedBy Chris ShawSuper Retail Group ((SUL)) has managed to buck the weak retail trend in Australia, delivering a 46% increase in FY11 net profit to $55.
Global Markets Overview 08/23/2011
U.S. stocks registered slim gains Monday in another choppy session as bargain hunting investors scrounged for buying opportunities after four straight weeks of sharp losses.
Leighton Wins Rio Tinto Contract
Leighton says its joint venture with indigenous contractor Ngarda Civil & Mining has secured a $104 million earthworks contract for Anglo-Australian miner Rio Tinto.
HP TouchPad: Top 10 Cool and Crazy Things to Do With the Tablet
New owners or would-be buyers shouldn't despair. In this case, here are Top 10 cool and crazy but amazing "useful" (or "lame") suggestions for a new lease on life for the dying HP TouchPad,
Harvey Norman Offers $99 HP TouchPads
Harvey Norman has solved the problem of its leftover stock of HP's discontinued TouchPad tablet. The retailer giant offered a fire sale of the tablets at only $99 and within hours Harvey Norman had virtually sold out of its leftover stock.
Australia Approves Financial Rescue for BlueScope Steel
Australia's Federal government has approved that BlueScope can draw from the funds allocated for the carbon tax package much earlier than planned.
Unions Strengthen Call for Govt Action as BlueScope Axes Jobs
The push from Australian manufacturing unions for a broad-based agenda to support domestic manufacturing has been reinforced by 1,400 job losses at BlueScope’s Port Kembla and WesternPort operations.
Qantas Wins ACCC Nod on American Airlines Partnership
Facing the spectre of labour unrests and leadership shakeup from roll-over crises last week, national carrier Qantas Airways won a much-needed reprieve on Monday as Australia’s competition watchdog provisionally approved the company’s proposed alliance with American Airlines.
Investors Expanding Beyond Home State, Queensland Preferred Property
Australian investors are expanding their portfolios beyond their home state, new research by Terri Scheer Insurance show.
Report: Apple Triggers Initial Production of iPad 3
It’s one less competitor for the lucrative tablet market as Hewlett-Packard revealed last week its intent to shift its core operation from hardware business to a premium information technology service provider yet current market leader Apple is not taking any chances.
OneSteel Acquires $346M Ore Assets in South Australia
OneSteel announced on Monday (August 22) that it has forged an agreement with WPG Resources Limited (WPG), acquiring the latter's iron ore assets in northern South Australia for $346 million.
Asia To Drive Growth For Blackmores
- Asian growth drives solid Blackmores result- More of the same expected in coming years- Credit Suisse upgrades to a Buy on valuation groundsBy Chris ShawVitamins and supplements distributor Blackmores ((BKL)) delivered what the market viewed as a solid full year result, net profit increasing by 12...
Reference Checking Still a Recruitmen Essential
When applying for a rental property tenant history is methodically and ruthlessly checked ̶ and with good reason. There's a lot on the line if an agent accepts a tenant who goes on to trash the place.
REPEAT Rudi's View: Who's Behind The Share Market Rally?
(This story was originally published on Wednesday, 22th August, 2011. It has now been repeated to make it available to non-paying members at FNArena and to readers elsewhere).
Buying Real Estate In Mexico: 10 Things To Know
Living and working as a real estate broker in The Riviera Maya, Mexico, I am constantly engaged in conversations with folks who recently purchased their "dream home" in Mexico.
Australian Stock Market Report - Morning 08/22/2011
The Spanish Government has announced that it will temporarily cut the sales tax on new house purchases in order to boost activity in the construction sector.
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