BUSINESS

Harvard’s Winklevoss twins drop appeal plans against Facebook

Facebook founder Mark Zuckerberg’s legal battles with his Harvard contemporaries Cameron and Tyler Winklevoss may see an end soon with the twins informing the 9th U.S. Circuit Court of Appeals on Wednesday that they are intending not to appeal its earlier decision.
More news

Global Markets Overview 06/23/2011

U.S. stocks snapped a four-day winning streak, stumbling in late trading after the Federal Reserve issued a cautious economic outlook just days before it ends its asset-buying program.

Exxon Mobil to expand Adelaide terminal

ExxonMobil Australia subsidiary Mobil Oil Australia plans to increase fuel storage capacity at its Adelaide terminal with the construction of new 9 million litre diesel tank.

Awaiting A Higher Bid For Foster's

- SABMIller makes initial approach to Foster's- Brokers expect the offer will need to be increased- Ratings and targets unchanged given uncertain situationBy Chris ShawAfter spinning off its wine assets Foster's Group ((FGL)) has only been a separate entity for a short time, but global bre...

Australian Dollar Outlook 6/23/2011

The Australian dollar may be set for a test of USD1.05000 in the short term following indications from Federal Reserve Chairman Bernanke overnight that we are unlikely to see another round of quantitative easing from the Fed.

World Market Overview 6/23/2011

The Australian share market closed higher on Wednesday on investor optimism that debt-burdened Greece will access more bailout money and avoid generating more financial turmoil.

Australian Stock Market Report 6/23/2011

The Federal Reserve cut its forecast for US economic growth, following the FOMC meeting. The Fed downgraded 2011 growth from the range of 3.1-3.3pct to 2.7-2.9pct.

The Economy: RBA Reluctant To Move Rates Higher

The Reserve Bank is trying to convince us that it is serious about another rate rise, but it is just as reluctant not to pull the trigger because of the weak state of large parts of the domestic economy.

The Economy: Export Boom Still Happening

Australia's commodity export earnings are forecast to top a quarter of a trillion dollars, a record in the 2011-12 financial year that starts in nine days time.

Bid: Foster’s Rejects Lite Bid

SABMiller and its local mate, Coca Cola Amatil are dreaming if they think they can get Foster's for the current cheap 8.2% premium in the $4.90 a share offer, which bobbed up yesterday.

Australian Stock Market Report - Midday 22 June 2011

The Australian sharemarket is gaining for the second straight day with the All Ordinaries index (XAO) up 0.7 pct or 33.5 pts to 4598.7. Almost all sectors are higher however mining stocks are the best improvers at lunch.

No RBA Hike Soon, Leading Indicator Suggests

Westpac reports the annualised growth rate of the Westpac?Melbourne Institute Leading Index, which indicates the likely pace of economic activity three to nine months into the future, was 2.

Buy-side investors favor emerging markets, but prime brokers 'hold the keys to kingdom'

Institutional buy-side investors see the emerging financial markets as a source of ongoing positive returns as developed markets continue to show slower growth and increased risks. According to TABB Group in new research published today, prime brokers hold the key to the hardest-to-access markets based on their ability to provide cost-efficient access products as well as technology platforms, including direct markets access (DMA) systems and cross-region, cross-asset portfolio management too...

Mine To Magnet

By Richard (Rick) MillsAs a general rule, the most successful man in life is the man who has the best informationThe rare earths are a group of 17 elements comprising Scandium, Yttrium, and the Lanthanides.

Global Markets Overview 06/22/2011

U.S. stocks closed sharply higher Tuesday, notching a fourth-straight day of gains, as investors bet Greece will take the appropriate actions toward averting a sovereign debt default.

The Economy: Why Savings Are Rising

The reticence of Australian households to spend has been well-documented, but yesterday we got news that was mixed, to say the least about why they are saving.

Australian Stock Market Report - Midday 21 June 2011

The Australian sharemarket is making up for yesterday’s pullback and the All Ordinaries index (XAO) is 0.8 pct or 36.3 pts stronger to 4548.8. Almost all sectors are higher with the mining and energy players amongst the most significant improvers at lunch.

Pages