BUSINESS

Australian Sharemarket -Midday Report (7/12/2011)

MIDDAY REPORT-Commonwealth Securities (CommSec) (12.00pm AEST)The Australian sharemarket is pulling back for the second straight day, with the All Ordinaries index (XAO) down 1.4 pct or 65.5 pts to 4581.3. Almost all sectors are currently trading in the red with the miners down in the order of 1.5 pct.

Market: Hit By A Queue Of Negatives Starting With Carbon

The Australian stock market was whacked by a combination of fears about the carbon tax, China losing control of its economy, the worsening health of the US economy and the focus on Italy as markets search for a new focus in Europe's debt woes.
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Alcoholic drinks will soon have health warning labels

DrinkWise Australia, a liquor industry funded organization will officially launch today a campaign that will introduce warning labels on alcoholic beverages about the dangers of drinking excessively and drinking while pregnant or underage.

Project Rebellion: RPData in the Firing Line

As a followup to recent articles relating to the industry revolt and ACCC investigation into RealEstate.com.au, Australian Financial Review journalist Ben Hurley has released another article that takes aim at RPData and their valuation strategy.

Apple iPad's rivals have difficulty finding market acceptance

Research firm International Data Corp. said Friday that Apple's iPad and the recently introduced iPad 2 continue to dominate the media tablet market, as other vendors have had a more difficult time finding market acceptance for their products.

Cisco Cius: A No-frills 'iPad' for Business?

ANALYSIS: Cisco Systems Inc. (CSCO), the company perhaps best known for Internet protocol-based networking and other products, has launched its own tablet PC, called Cius. Cisco describes the device based on Google's Android platform as "an ultra-portable, mobile collaboration enterprise tablet that offers access to essential business applications."

Brokers count the costs of consolidation

Compliance costs and lenders’ volume targets are pushing many broker groups into each other’s arms. MPA investigates the do and don’ts of consolidation.

From broker to boss

PLAN CEO Trevor Scott is a passionate supporter of the broker industry and a big believer that brighter days are ahead for brokers.

Markets: Down On Friday, Wary About The Week

For such a rotten employment report, the Wall Street reaction ended up being surprisingly muted: at one stage the Dow was down by more than 150 points, but those loses were cut to just 62 points by the close early Saturday, our time.

Fixed-line broadband under threat in Asia-Pacific

DSL may still have the lead in fixed-line broadband subscribers but that lead won't last. According to a report from the industry analyst firm Ovum, FTTH and FTTB will surpass DSL's market lead in the Asia Pacific region by 2014.

Australian Stock Market-Closing 7/11/2011

MARKET CLOSE-CommSec (4.30pm AEST)It was a less than desirable start to the week for equities, with the ASX 200 index (XJO) falling 1.6 pct or 72.4 pts to 4582.3 while the broader All Ordinaries index (XAO) has dropped 1.5 pct or 69.2 pts to 4646.8. Almost all market segments ended in lower territory by the close of business.

The Game of Perpetual Debt

Sydneysiders make a big deal out of Melbourne's weather. Perhaps rightly so - we've never stayed long enough to find out what it's really like. But walking the streets of sunny St Kilda this morning (actually, it's cloudy and a bit dull) we came to the conclusion that Melbourne is not that cold. Not as much as the propaganda from Sydney would have you believe, anyway.

Australian Stock Market-Midday 7/11/2011

MIDDAY REPORT --From Commonwealth Securities Ltd (12.00pm AEST)The Australian sharemarket is significantly lower at lunch, with the All Ordinaries index (XAO) down 1.2 pct or 55.7 pts to 4660.3. Almost all sectors are trading in the red; however the country's largest telco, Telstra (TLS) is up 1 pct or 3 cents to $3.03 and is one of the day's better performers.

Housing finance grows amid rate calm

A stable interest rate environment is working to turn consumer confidence around and sparking a recovery in housing, according to peak building and construction organisation Master Builders Australia.

Global Markets Overview 07/11/2011

U.S. stocks closed lower Friday for just the second time in two weeks as a disappointing monthly employment report prompted investors to dial back their recent optimism about the economic recovery.

A Break-Out For EUR/USD

FNArena has added another video to its Investors Education section on the website. In this broadcast, ATW's Jerry Simmons zooms in on some recurring patterns for equities.

Comprehensive credit reporting

Australia is on the cusp of making major changes to its credit reporting regime, but whether the new system will be better for brokers’ clients is still up for debate.

Shortage of skilled accountants looming

Despite the latest forecast showing a slight oversupply for accounting and auditing professionals for the next five years, employers will face difficulties in recruiting personnel as the demand for multi-skilled staff increases.

FHBs inching back to market

The protracted pause on interest rates by the RBA is bringing first home buyers back to the market, Loan Market has claimed.

World Market Overview 7/11/2011

The Australian share market on Friday closed firmer after strong gains in the resources, retail and telecommunication sectors.

Australian Stock Market Report 7/11/2011

US employment (non-farm payrolls) rose by just 18,000 people in June - well short of forecasts centred on a jobs gain of 90,000. Private sector jobs rose by 57,000.

Apple's iPhone: setting the bar for all smartphones

Since the release of the first model four years ago, Apple's iPhone has been blazing the trail for all smartphones. A decade ago, in the age of mobile calling and sending short messages, Finland-based Nokia was the king. Then came Research in Motion's BlackBerry, with its bigger display and QWERTY keyboard providing U.S. President Barack Obama and others a more convenient means of sending instant messages and e-mail. But in the age of the mobile Internet and apps, iPhone has been atop e...

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