BUSINESS

Global Markets Overview 07/29/2011

A stock-market rally evaporated late in Thursday's session as investors fixated on Washington's debt-ceiling impasse, overshadowing better-than-expected jobs data. The Dow Jones Industrial Average finished 62.44 points lower, or 0.51%, at 12240.11, the blue-chip measure's fifth straight loss. The Standard & Poor's 500-stock index shed 4.22 points, or 0.32%, to 1300.67, led lower by telecommunications stocks. The Nasdaq Composite eked out a 1.46 gain, or 0.05%, to 2766.25.

Australian Stock Market -CLOSING - 7/28/2011

AFTERNOON REPORT (4.30pm AEST)Ongoing concerns about the US debt crisis saw markets around the Asian region heavily sold off again today. Investors remain concerned that even if US lawmakers come to an agreement over the raising of the debt ceiling, the US could still have its AAA credit rating downgraded. Japan's Nikkei index eased by 1.6pct today while the All Ordinaries Index (XAO) fell 73.4pts or 1.6pct to 4539.2 while the S&P/ASX 200 Index (XJO) eased by 73.6pts or 1.6pct to 4463.8....

Origin, Conoco Approve $20B LNG Australia Project

Origin Energy Limited (ASX: ORG) and American partner ConocoPhillips has announced the approval of the $20 billion funding required in its liquefied gas project in Australia that targets to supply the Asian Region.

Insurance Industry to Get Boost From Mobile Phones

The latest report by Telstra, Mobile Innovation – The Next Frontier for Growth and Productivity for Insurers, launched in conjunction with the Financial Services Council, has identified new opportunities for the insurance industry to better use mobile phone technology in delivering services.
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China Leading Global Equities?

FNArena has added another video to its Investors Education section on the website by ATW founder and trader Jerry Simmons.

Coles, Bunnings Save Wesfarmers

Australian retail-to-coal conglomerate Wesfarmers today posted $11.7 billion sales across its retail chains, a 5.8 percent increase in the fourth quarter from a year earlier.

The Economy: Inflation Remains Major Concern

Despite yesterday's higher than expected inflation figures, does anyone seriously expect the Reserve Bank to lift interest rates next Tuesday? Certainly all that silly talk about a rate cut has been exposed for what it was: nonsense, even though Westpac was sticking to its call yesterday.

Profits: Solid Results From ALZ, CNA

Rio Tinto's NSW-based majority owned subsidiary, Coal and Allied, has revealed the benefit of not being a Queensland-based coal miner and exporter in the six months to June 30.

Economy Watch: Rate Hike Threat Rises

By Greg PeelQuick! Everyone running screaming back to the other side of the listing boat again!The thing about central bank interest rate moves is that they're always difficult to get right in terms of timing, but rarely are they difficult to get right in terms of direction.

World Market Overview 7/28/2011

US stocks fell sharply on Wednesday, in the third consecutive day of losses, as investors feared the country's debt-ceiling standoff could force a default or downgrade of US Treasury debt.

‘Patchwork’ economy bleeding Australia dry

With the resources sector poaching limited labour from other states with the promise of huge wages, business heavyweights are warning that the rest of the Australian economy is not prepared and cannot compete.

Australian Stock Market Report 7/28/2011

US durable goods orders fell 2.1pct in June after a 1.9pct increase in the prior month. Excluding transportation orders rose by a modest 0.1pct. A proxy for business spending - Non-defence capital goods orders excluding aircraft - slipped 0.4pct after a 1.7pct rise in May.

iPhone 5 Set for Record Launch: 35% of Consumers to Buy New iPhone

Anticipation in the consumer electronics world is soaring for the launch of Apple's iPhone 5, which is rumored to be hitting store shelves this fall. About 35 percent of consumers plan to purchase the latest iPhone upon its release, according to a survey by PriceGrabber, a part of online shopping site Experian.

Mozilla Introduces New OS 'Boot to Gecko'

Mozilla announced on July 25 that it is planning to launch its own mobile operating system. Tentatively called "Boot to Gecko" or B2G, the OS is based from Mozilla's open-source "Gecko" layout engine that is already in use with other Mozilla apps like Firefox.

'Facebook for Business' Boosts Edge Against Google+

While at the start it was Google Plus that was highlighting Facebook's shortcomings, Facebook is now turning the tables around by providing a one-stop-shop (it's free) that would aid businesses take advantage of Facebook's mass user base.

Australian Stock Market - CLOSING - 07/27/2011

AFTERNOON REPORT (4.30pm AEST)Higher than expected inflation data, coupled with the ongoing stalemate over the US debt crisis, saw local stocks lose ground today. White House officials are still confident a deal to raise the US government´s borrowing power will be agreed upon before the August 2nd deadline, however the worry now is that the US could still have its AAA credit rating downgraded.

Aussie Dollar's Strength Dismays Industry Groups

Industry groups in Australia have expressed concern as the value of the local currency surges pass the usual parity against the U.S. dollar. Is the rising Australian dollar a blessing or a curse to the domestic economy?

It's Not So Bad, Says Glenn

By Greg Peel"I'm sure people are sick of hearing me say," said Glenn Stevens at the Anika Foundation address in Sydney yesterday, "Australia is in the midst of a once-in-a-century event in our terms of trade.

No Facebook, But Zynga's CityVille Invades China

Zynga Inc., the largest developer of games on Facebook, will offer a version of "CityVille" in China, the world's biggest Internet market.The free online game, named "Zynga City", will be offered through an alliance with Chinese internet service provider Tencent Holdings Ltd. The game will be launched in open beta on Tencent's Pengyou network in the next few days. The game will be later accessible on QZone, China's main social games platform. Tencent had about 101 mil...

How Much Upside Left For Campbell Bros?

- Campbell Brothers lifts earnings guidance at AGM- Increase reflects strong lab testing volumes and benefits from recent acquisitions- Valuation is an issue for some stockbrokers, but Macquarie upgrades to OutperformBy Chris ShawThe laboratory services market remains strong if AGM commentary from C...

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