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.
Lawrence Villamar Jul 21, 2011
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.
Christine Gaylican Jul 21, 2011
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.
Christine Gaylican Jul 21, 2011
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.
Jamelle Agbuis Jul 21, 2011
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.
Jamelle Agbuis Jul 21, 2011
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.
Carlo Fernandez Jul 21, 2011
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.
Jamelle Agbuis Jul 21, 2011
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.
Carlo Fernandez Jul 20, 2011
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...
Christine Gaylican Jul 20, 2011
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.
Sharon Olalia Jul 20, 2011
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.
Sharon Olalia Jul 20, 2011
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.
Apollo Agcaoili Jul 20, 2011
Qantas Airways wants to corner the high end of the Asian market as it moves more aggressively in the region in the near term.
Christine Gaylican Jul 20, 2011
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%.
Admin System Jul 20, 2011
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.
Christine Gaylican Jul 20, 2011
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.
Lawrence Villamar Jul 20, 2011
By Greg PeelThe spot uranium price rebounded somewhat the week before last once a big sell order cleared the market.
Admin System Jul 20, 2011
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.
Lawrence Villamar Jul 20, 2011
The Australian share market closed flat as uncertainty about debt issues in the US and European weighed on investors.
Lawrence Villamar Jul 20, 2011
Hewlett Packard will be launching its new TouchPad tablet in Sydney next Tuesday, July 26.
Carlo Fernandez Jul 20, 2011
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.
Jose Alface Jul 20, 2011
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.
Carlo Fernandez Jul 19, 2011
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.
Carlo Fernandez Jul 19, 2011
A recent report from the Westpac and Charles Sturt University Agribusiness index revealed that agribusinesses were affected by rising operating costs, the high rate of the dollar and a poor wine season.
ranina sanglap Jul 19, 2011
The US National Association of Home Builders housing market index rose from +13 to +15 in July, above forecasts. Net capital outflows from the US totalled US$67.5 billion in May, compared with inflows of US$66.6bn in April.
Christine Gaylican Jul 19, 2011
U.S. stocks fell to their lowest close this month Monday as fresh jitters over European sovereign debt and the lack of progress in U.S. debt ceiling negotiations sparked a flight from risky assets.
Lawrence Villamar Jul 19, 2011
Microsoft announced Monday that it is issuing a monetary reward in the amount of US$250,000 for new information that results in the arrest of operators of the Rustock botnet.
Carlo Fernandez Jul 19, 2011
AFTERNOON REPORT
(4.30pm AEST)The local share market once again finished flat, with the All Ordinaries Index (XAO) virtually unchanged at 4539.4. The S&P/ASX 200 Index (XJO) closed down 3.9pts to 4468.1.
Christine Gaylican Jul 19, 2011
It is now looking more like th eApple iPhone 5 will be released in September as subcontractors of the leading American phone manufacturer have confirmed to be gearing up for the said date of release, reports said.
Christine Gaylican Jul 19, 2011
MIDDAY REPORT
(12.15pm AEST)Australian shares are trading flat at lunchtime in the East, as gains from energy players are offset by losses from the financials. The All Ordinaries Index (XAO) is down 0.7 of a point to 4539.2pts. Energy players are faring best, with the sector firmer by 0.8pct. Woodside Petroleum (WPL) shares are up 1.7pct to $38.90 after reporting a 17pct rise in 2Q 2011 revenue to $1.19 billion. Production for the same period fell 7pct.
Christine Gaylican Jul 19, 2011
