Daily Forex Forecast 08/22/2011
The Australian Dollar appeared to have tired during the Asian session on Friday, consolidating in range-bound trade between 1.0320 and 1.0380.
Global Markets Overview 08/22/2011
U.S. stocks closed lower Friday and notched their fourth straight losing week, as investors continued worrying about a potential global recession and the health of the European banking system.
Nordstrom Opens Special Store for Charity
Nordstrom is my guilty pleasure but there is nothing guilty about the pleasure of shopping at one new Nordstrom-owned store. The store, Treasure & Bond, will open on Friday in New York City and Nordstrom has committed to donating store profits to charity. That’s right; Nordstrom will not be pocketing the profits from Treasure & Bond.
DIARY: Central Bank Governors, Aust. Profits, US Economy
We have a long list of events and data including Australian profits, US economic growth, Fed chairman Ben Bernanke, stockmarket confidence and the appearance of RBA Governor, Glenn Stevens on Friday.
More news
Harvey Norman Pulls HP Touch Pad From Australian Stores
Electronics retailer Harvey Norman has ordered its franchises to stop selling HP's TouchPad tablet, after the product manufacturer said it would no longer be making the device.
Westpac Cuts Rates for New Home Loans
Westpac is slashing its three-year fixed-rate home loan by 0.2 per cent to 6.59 per cent as part of its Spring Home Loan Celebration. The rate cut applies to new home loans of at least $150,000.
Economy Divides, Distraughts Australian Graduates
Western Australia may be the hot spot for industry, but work outcomes for Perth graduates are among the worst in the country according to the latest Good Universities Guide, released today.
Investing: No Wonder Big Funds are Heading for Cover
After peaking above $US1800 an ounce last week, it slipped well below that, only rise 1.5% to end Thursday around $US1,828 an ounce Thursday as fears continue to burble on about Europe.
MetaTrader 5 iPhone Officially Out
MetaQuotes officially released a new version of its MetaTrader 5 iPhone platform app for mobile trading. With the new version, in addition to broadened trading opportunities, forex and stock traders will receive full technical analysis features.
Qantas Engineers to Go on Daily Strikes
A union representing Qantas engineers announced it will begin one-hour work stoppages next week that will last until the week before Christmas.
Westpac’s St.George Bank Slashes Fixed Home Loan Rates
Westpac-owned St.George Bank today slashed its fixed home loan rates by up to 0.55 per cent pa.
Global Warming Fraud: Sinking Polar Bears on Melting Ice a Hoax?
Images of periled polar bears sinking into arctic seas because of melting polar ice caps have become an iconic symbol of the devastating consequences of so-called global warming.
Firstfolio to Continue Acquisition Strategy
Firstfolio has seen revenues surge on the back of its acquisition strategy, and plans to continue to seek out acquisition targets.
ANZ's Deposit Growth Pushes Stronger Funding Position
Retail deposit growth has driven a stronger funding position for ANZ, the bank has stated.
Google's Strategy: Motorola Could be Launchpad to Challenge Apple
What is behind Google's thinking and what kinds of outcomes can we realistically expect?
Bank Discounts: Mere 'Acts of Desperation' ?
Recent discounting moves by lenders are "acts of desperation", and will eventually disadvantage brokers and borrowers, a top broker has stated.
Pilbara Project: Atlas Iron Announces 50% Jump in Ore Reserves
Atlas Iron Limited (ASX Code: AGO) has announced a 50 percent increase in its direct shipping ore (DSO) reserves, to 79.3 metric tons at 57.8% Fe, from its North Pilbara Projects.
CBA's Business Sales Survey: Amusement, Entertainment Sectors Post Growth
Business sales figures across Australia posted disappointing numbers in July, according to a survey done by Commonwealth Bank on 200,000 merchant facilities.
Mermaid Has Legs
- Mermaid Marine delivers strong profit result- Brokers expect more growth in FY12 as oil and gas activity expands- RBS upgrades to a Buy rating on valuation groundsBy Chris ShawProfit for FY11 of $43.
The Overnight Report: Fear Returns
By Greg PeelThe Dow closed down 419 points or 3.7% to 10,990 while the S&P fell 4.5% to 1140 and the Nasdaq dropped 5.
Australian Stock Market Report - Morning 08/19/2011
US consumer prices rose by a surprising 0.5pct in July. Over the year the headline measure rose by 3.6pct largely due to the sharp rebound in gasoline prices.
Global Markets Overview 08/19/2011
Asian stock markets ended lower Thursday as worries about the global economic outlook trumped the bargain appeal. Japan's Nikkei Stock Average fell 1.3% to 8943.76, its lowest finish since March 15.
Amazon Most Visited Online Retail Site in June
Amazon sites had the largest global audience among major retail and auction sites in June, says comScore, Inc, a source of digital marketing intelligence.
BHP Invests $437M in Coal Mine Expansion
Resource giant BHP Billiton says it will spend US$437 million to expand the Cerrejon Coal mine in La Guajira, Colombia.
iPhone 5: 2012 Debut of New Smartphone Highly Unlikely
A report this week from 9to5mac.com, citing sources inside Apple, says that the Cupertino, Calif.-based company has been deciding between an Oct. 7 or Oct. 14 launch date. . If Apple waits for next year, it won't be able to join other vendors taking advantage of lucrative sales during the holiday season.
Australia Stock Market Close 7/18/2011
MARKET CLOSE
(4.30pm AEST)The Australian sharemarket lost ground for the second time this week, with the ASX 200 index (XJO) falling 1.2 pts or 52.7 pts to 4251.2 while the broader All Ordinaries index (XAO) dropped 1.2 pct or 52.4 pts to 4319.4. This takes the falls for August so far to 4 pct.
Pet Products, Asian Sales Raise Blackmores's Profits
A strong product pipeline and continuing Asian growth have delivered Blackmores (ASX: BKL) its ninth consecutive year of record sales and profits despite Australian retail's problems.
Wesfarmers Weather Tough Retail Conditions, Profits Up 23%
Australian coal-to-retail conglomerate Wesfarmers reported a net profit after tax of $1.9 billion for the full-year ended 30 June 2011, an increase of 22.8 percent on the previous corresponding period despite tough retail conditions.
Australia Moves to Make Superannuation More Fair
Australians who make excess concessional contributions to their superannuation may benefit from changes announced by the government Thursday.
Australia's Banks Cut Down Term Deposit Rates
Australia's small and big banks have cut down the term deposit rates of their bank products, which could discourage consumers from hoarding cash and explore other investment options.
Market Leadership A Virtue For Carsales.com
- Full year earnings from carsales.com better than expected- Company remains well placed to deal with increased competition- Forecasts lifted post the result- Brokers remain unanimous with Buy ratingsBy Chris ShawConsensus forecasts for FY11 net profit for carsales.
Apple Sued by 27,000 South Korean Users over iPhone Privacy
Nearly 27,000 South Korean iPhone users are suing Apple for $26 million in a class action lawsuit for alleged privacy violations over the collection of user location information.
Supermarket Price Wars Damaging to Australia’s Food Industry
A leading food industry consultant has warned that more Australian food processors will be driven out of business as a result of competition between and commercial powers held by major food retailers.
A Blow Off Top For Gold?
FNArena has added another video to its Investors Education section on the website. In this educational video, ATW's Jerry Simmons explains why we could be witnessing the end of some key trends, including a potential blow off top in the making for gold.
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