Members of Australia's largest and most representative business organization, the Australian Chamber of Commerce and Industry (ACCI) are taking the concerns of business and ACCI's member organizations about the proposed carbon tax to the community through support of an advertising campaign by the Australian Trade and Industry Alliance (ATI) which commenced on Thursday.
Banking on its economic muscle and its growing list of millionaires, Qantas Airways trains its sight to China where its future growth in the Asia Pacific region will be anchored, according to company chief executive Alan Joyce.
By Greg PeelGold fell from around $1600/oz to $1587/oz on Tuesday night as markets saw rays of hope in both the eurozone debt issue and the US debt ceiling issue.
Lower interest rates don't seem to be enticing first home buyers, new figures have indicated.
ASIC has claimed success as it has completed the initial licensing of the credit industry, and has warned it will take a tough stance on unlicensed activity.
A report to be released by the Federal Government today claims more than 100,000 people are misusing business, student and holiday visas to work illegally in Australia.
By Greg PeelThe Dow closed down 15 points or 0.1% while the S&P was flat at 1325 and the Nasdaq lost 0.
The Australian Dollar has opened higher this morning and is currently trading above USD 1.0700, following a strong night on equity markets and improved investor risk appetite.
MarketU.S. stocks closed lower Wednesday as investors traded cautiously a day after the Dow Jones Industrial Average notched its biggest advance of the year. The Dow finished down 15.51 points, or 0.12%, at 12571.91, after fluctuating between positive and negative territory for much of the session.
MORNING REPORT
(7am AEST)US existing home sales fell by 0.8pct in June to a 4.77 million annual rate. Economists had tipped a result near 4.90m. The median home price was up 0.8 per cent on a year ago. But the stock of unsold homes rose to a 8-month high of 9.5 months. Other data from the Mortgage Bankers Association showed that applications for US home mortgages rose 15.5pct last week to the highest level in four months.
Australian Dollar: The release of the July RBA board minutes on Tuesday signalled an air of caution as far as any near-term rate rises are concerned pushing the Aussie down a third of a US cent in the process.
The Australian share market closed strongly firmer, following its best performance in over a week after a compromise was reached in the US to lift America's debt ceiling. However, local traders said the rally could be short lived because of ongoing debt concerns in Europe.
Now with Activision ready for another record-breaking installment of the CoD franchise, the game publisher has filed a complaint with the National Arbitration Forum last week to stop Scottsdale, Arizona-based Domains by Proxy, Inc., the current operator of the ModernWarfare3.com, from further using the site.
US existing home sales fell by 0.8pct in June to a 4.77 million annual rate. Economists had tipped a result near 4.90m. The median home price was up 0.8 per cent on a year ago.
Aside from looking for markets outside China, Lenovo now has three new tablets in a market that is dominated by Apple Inc.'s iPad.
Lenovo has unveiled the IdeaPad Tablet K1 for consumers, the ThinkPad Tablet for business customers, and the IdeaPad Tablet P1 for home and office use.
AFTERNOON REPORT
(4.30pm AEST)
An estimated $23 billion in value was added to the local share market today. Stocks rallied on hopes Washington would reach an agreement to raise the US debt ceiling before the August second deadline. A debt ceiling is the name given to the maximum borrowing power of a government, and overnight US President Obama expressed optimism that a deal to raise that borrowing power would soon be reached. Strong company earnings results released in the US overnight also b...
Lenovo has stormed the tablet market with a triple threat, launching the IdeaPad Tablet K1 for consumers, the ThinkPad Tablet for business customers, and the IdeaPad Tablet P1 for home and office use.
Queensland’s city of Gladstone is now number one among Australia’s property hotspots, thanks to the resources boom. The regional city was chosen for Australian Property Investor magazine’s annual Hot 100 this year, which lists 100 locations around Australia where property prices are expected to rise.
The world's largest mining company - BHP Billiton - reported today better-than-expected production of steel-making coal, which it hopes to bring into full recovery by year-end. This is welcome news on the heels of Tueday's announcement of the company's 11th record production of iron ore.
Qantas Airways wants to corner the high end of the Asian market as it moves more aggressively in the region in the near term.
By Greg PeelThe Dow rose 202 points or 1.6% while the S&P gained 1.6% to 1326 and the Nasdaq added 2.2%.
MIDDAY REPORT
(12pm AEST)The Australian share market is posting solid gains in early trade, on the back of positive offshore leads and generally firmer commodity prices. At lunchtime in the East, the All Ordinaries Index (XAO) is firmer by 74.5pts or 1.6pct to 4613.9.
The Dow Jones Industrial Average notched its biggest point gain of the year as investors cheered International Business Machines' strong earnings and President Barack Obama's praise for the $3.7 trillion deficit-reduction plan.
By Greg PeelThe spot uranium price rebounded somewhat the week before last once a big sell order cleared the market.
US housing starts soared by 14.6pct in June to a 629,000 annual rate, well above forecasts for a result near 575,000. Building permits rose by 2.5pct after a 8.2pct gain in May.
The Australian share market closed flat as uncertainty about debt issues in the US and European weighed on investors.
Hewlett Packard will be launching its new TouchPad tablet in Sydney next Tuesday, July 26.
South Africa plans to set up a state-owned pharmaceutical company, a senior official in the ruling ANC party said on Tuesday, a move that could squeeze local players in one of the world's biggest market for anti-retroviral drugs.
Nokia's first Windows phone, code-named Sea Ray, which Nokia CEO Stephen Elop showcased to employees last month, has now appeared in a short video preview on a Windows operating systems forum in Asia.
Although Facebook is the most popular site in America, consumers "don't like" the social networking site, according to the 2010 American Customer Satisfaction Index (ACSI) E-Business Report, produced in partnership with ForeSee Results. Facebook scored 64 on the ACSI's 100-point scale, which puts its satisfaction even lower than IRS e-filers.
