BUSINESS

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.
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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.

Pressure Lingers For Uranium

By Greg PeelThe week before last saw minimal activity in the spot uranium market which was largely a result of attendance at the World Nuclear Fuel Conference, but last week was hardly a hive of activity either.

No Quick Respite In Sight For Oz Equities - Russell Investments

- Russell Investments remains cautious on investment outlook- Global equities slightly cheap, better value relative to Australian shares- Australian dollar remains overvalued- Reversal in commodity markets still expectedBy Chris ShawAs Russell Investments points out, the recovery in global share mar...

Report: Microsoft axes some Skype top executives

Its acquisition of Skype almost a certainty with the recent regulatory approval pushed by the $8.5 billion deal, Microsoft gears up its consolidation move on its new pet by letting go of executives that experts said is a move that would save up some cash for the new owners of the fairly popular internet calling firm.

Aussie banks raked in $4B from households alone

Australians are still paying too much in bank fees, with banks raking in over $4 billion in 2010 from bank fees on household accounts alone, according to financial comparison website RateCity.

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