BUSINESS

Global Markets Overview 08/05/2011

U.S. stocks plunged in the biggest selloff since the financial crisis, driving the Dow Jones Industrial Average down more than 500 points, as investors appeared to lose faith in the ability of the world's policy makers to revive the global economy and stave off a rolling debt crisis in Europe

Australia Stock Market Report - Closing 08/04/2011

AFTERNOON REPORT (4.30pm AEST)The local share market came under more selling pressure today, falling to 13 month lows as investors fretted over the health of the global economy and as a fall in tourism arrivals showed our strong dollar is continuing to have a negative impact on parts of our economy. Key US jobs data due out tomorrow night also kept many out of the market, with institutional buyers not willing to commit until it's clear how many jobs the world's biggest economy added i...
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The Retail Revolution underway

As a keen observer of social and regulatory change, it has not escaped me or many of our readers that a revolution is occurring in the ways that business is being conducted. New usages of the internet, social media and smartphone technology are the impetus for a huge structural shift in the economy.

Retailing: Weak, But Cars Solid, Again

Retail sales fell unexpectedly in June as consumers continued to watch every dollar amid jittery global economic conditions and worries about higher interest rates.

Markets: Nervy Investors Quit Shares

Investors worldwide sold shares amid yesterday and overnight amid growing concerns that global economic growth has stalled as well as a surge in new tensions in the eurozone.

Economy Watch: Shopkeeper Blues

By Greg PeelRetail sales fell by 0.1% in June to be up 1.4% annually on a nominal basis. On a trend basis, sales are up 0.

Global Markets Overview 08/04/2011

Blue-chip stocks reversed a steep morning drop to snap an eight-day losing streak. In a volatile session, the Dow Jones Industrial Average squeezed out a gain of 29.82 points, or 0.25%, to finish at 11896.44.

Australian Stock Market Report - Morning 08/04/2011

The US ADP survey of private payrolls showed that employers added 114,000 jobs in July, above forecasts for a 100,000 gain. The ISM services index eased from 53.3 to 52.7 in July, below expectations for a result near 53.6.

John Travolta Axed From Qantas Safety Video

Qantas Airways has sacked a John Travolta safety video from its flights, igniting union fears that CEO Alan Joyce will soon announce a major restructure of the Australian airline that will include pilots' jobs being outsourced.

Leighton Contractors Wins $115m ILC Sydney Contract

Leighton's (ASX: LEI) subsidiary, Leighton Contractors has secured a $115 million contract by Sydney Ports Corporation to deliver the main construction phase of the Intermodal Logistics Centre (ILC) at Enfield in South-West Sydney.

Free Tickets For Trading And Investing Expo Fri-Sat

Come and say 'Hello' to Your Editor in the weeks aheadFNArena Editor Rudi Filapek-Vandyck will be presenting at the upcoming Trading and Investing Expo in Sydney, and you are all invited to attend and say 'Hello' and have a chat after scheduled presentations on Friday and Saturda...

Australia's Services Sector Posts Modest Gains

Australia's services sectors offering accommodation, cafes & restaurants, transport & storage, property & business and personal & recreational service have recorded gains in July, according to the latest services index survey from the Australia Industry Group in collaboration with the Commonwealth Bank.

The Great Australian Nightmare

- Australian house prices are among the most unaffordable in the world- the problem is nation-wide and not restricted to cities- AMP sees little relief in sightBy Greg PeelThe rule of thumb is that house prices cross over into "unaffordable" territory when the median house price exceeds five times t...

Instep: Speaking the same language

The employment markets overseas are still very soft. This is notably the case in most Western economies such as the UK, Europe and the US. With this as a backdrop, what are the implications for Australian HR professionals?

US: Debt Deal, More Smoke And Mirrors

So there's an agreement on the US debt ceiling and spending cuts? Well, yes, but not until the Senate and the US House of Representatives approves it.

Housing: Bad Quarter, Weak Year

Building approvals slumped in June, the June quarter and the year to June while house prices for the year to June and the June quarter were also lower.

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