Better seasonal conditions combined with higher grain and oilseed prices are anticipated to lift cash incomes for grain producing farms in 2010-11, a new report released by ABARES says.
Finland-based Nokia is now facing the challenge to raise its market share amidst debt rating cut to the lowest investment grade by Fitch Ratings due to the declining market share of its Symbian smartphones.
Australia's stock market has opened at a modest pace taking on from overnight leads as Wall Street gave up mid-session gains as Federal Reserve chairman Ben Bernanke hinted that further stimulus is required to boost the US economy.
By Greg PeelGoing back a couple of months, no one expected another RBA cash rate rise was likely before August after the June quarter GDP result was in.
A gloomy economic assessment from Federal Reserve Chairman Ben Bernanke erased an earlier rally in U.S. stocks, sending major indexes in the final minutes of Tuesday's session to their fifth-consecutive drop.
Mortgage Ezy CEO Garry Driscoll said careful modelling of its current and expected mortgage book show it will be able to maintain its 'no clawback' stand for brokers, bar any unforseen changes in the market.
HP Financial Services, a subsidiary of leading information tech hardware company Hewlett-Packard, announced it will be making up to $2 billion available to "help clients finance their way into the cloud."
The Australian share market closed flat despite investors being buoyed by the central bank's largely unchanged outlook for the domestic economy.
US Federal Reserve Chairman Bernanke acknowledged the recent slowdown in the US economy however gave no indication that the central bank was considering further stimulus.
Sony's E3 kicked off its E3 press conference with an apology about the recent PSN outage. SCEA President Jack Tretton presented a humbled figure as he gave a carefully worded apology about the outage and "taking gamers away from doing what you love to do".
Sony cut off its Brazilian music entertainment website while it looks into a possible breach. Sony also is investigating a hacker group's claim that it stole data related to the company's game operation. The possible attack on Sony's Brazilian website may have altered some content, a spokesman said.
Fisherman's Friend throat lozenges have announced a new campaign aimed at double-digit growth for the UK-based brand in Australia and New Zealand.
Tokyo Electric Power Co in Tokyo: the shares are down more than 90% from before the March 11 quake, tsunami and Fukushima nuclear power station disasters.
Weak trading sessions in the US and European markets will likely rebound in local trading on Tuesday. Investors at the Australian Stock market would likely be on the sidelines as there would be some reluctance ahead of the RBA interest rate pronouncement at 2:30PM AEST.
Stocks dropped Monday for a fourth straight day, as concerns about an economic slowdown continued to weigh on investor sentiment.
Virgin Australia and Singapore Airlines have inked a "major alliance strategy" that will help transform Virgin Australia into a global airline and create problems for rival Qantas international operations.
By the end the year, most Australian newspapers will be charging for the content they post online, following the success of leading business daily The Wall Street Journal and amid softening revenues for newspapers from print subscriptions and advertisements.
By Richard (Rick) MillsAhead of the herdAs a general rule, the most successful man in life is the man who has the best information?When I entered the business world, three-fourths of the world was closed ? China, Russia, Vietnam, India, most of Africa.
- Tabcorp completes de-merger of Echo Entertainment- Brokers question value in both entities- Assuming no M&A activity both stocks appear fully pricedBy Chris ShawTabcorp ((TAH)) has completed its de-merger, with the gaming and casino assets commencing trading as separate entities yesterday, as Tabc...
Ahead of the central bank’s decision, the Australian dollar was over a third of a US cent trading at 107.13 US cents down by 40 US cents from Monday’s 107.53 US cents.
Frequent travelers across the Asia-Pacific, specifically from Australia to Singapore, can take advantage of the new arrangement between Virgin Australia and Singapore Airlines.
Global resource company BHP Billiton has announced the start of its oil production in the Gulf of Mexico following the lifting of deep-water drilling ban on the area imposed last year by US President Barack Obama.
By Greg PeelAs noted in Nuclear Ist Verboten last week, May ended with the uranium spot price down US50c to US$56.
No real change for the AUD/USD with the pair remaining trapped in the trading range, with support seen at 1.0600 and resistance at 1.0780
Economists heralded that the current condition of home owners being spared from another interest rate increase this month is only for a short time.
The Greens, under the leadership of Adam Bandt, will release today a proposal that would introduce a new profit tax on Australia’s four largest banks.
Australian billionaire CLIVE Palmer on Monday announced he had "secured" an extra $1.2 billion funding commitment from China's Eximbank, giving him the funds necessary for his $8 billion Galilee Basin China First coal project in Queensland.
By Greg PeelThe Dow fell 61 points or 0.5% while the S&P fell a more substantial 1.1% to 1286 and the Nasdaq dropped 1.
By Richard (Rick) MillsAhead of the herdAs a general rule, the most successful man in life is the man who has the best information?When I entered the business world, three-fourths of the world was closed ? China, Russia, Vietnam, India, most of Africa… In 2010, the entire world is wide open, ...
By Greg PeelMorgan Stanley analysts note that while the recovery of housing supply in the UK remains relatively weak post-GFC, real household disposable income growth continues to be weak.
