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Australia stocks drift lower

Australia's share markets drifted lower today in subdued trading conditions as investors and traders took a breather after a wild week. Losses were limited by bargain hunting and technical support at the low point established in the last fortnight. Globally, markets are on hold ahead of the non-farm payrolls data to be released tonight in the US, analysts said.

Minimum wage hike exposes workers to job risks

Australia's employers led by an industry group and the retailers association have warned of the possible consequences of the minimum wage increase approved by authorities.

Wal King denies returning to Leighton

Former long-serving Leighton (ASX: LEI) chief executive Wal King today broke his silence, ending speculation he would be returning to the Australian contractor

Australian Stock Market Report - Midday 06/03/2011

Shares tumbled by over 2 pct yesterday, marking the biggest daily percentage fall in close to 12 months. It is a much better day for the market today however, with the All Ordinaries index (XAO) down a modest 0.3 pct or 16 pts to 4667.2.

Qantas Can Stay Cheap For Much Longer

- April traffic stats improve for Qantas- Union issues remain a threat to brand- Strike action appears priced in- Brokers in general remain positiveBy Chris ShawYesterday Qantas ((QAN)) released traffic statistics for April, the feature being a strong increase in domestic yields that combined with a...

Crowded Trading Awaits Gold ahead of Nonfarm

With spot gold currently trading at the 1539.73 level, near term sentiment remains cautiously bullish going into Friday's closely watched U.S. Employment Report.

New contamination scandal rocks Asia

The emulsifier itself has not been identified specifically, but is described by the China Post as a "clouding agent" used in sports drinks, fruit juices, jellies, yogurt drinks and yogurt tablets.

World Market Overview 06/03/2011

U.S. blue-chip stocks dropped for a second straight session Thursday after another dose of soft economic data worried investors as they readied for a key jobs report.

Australian Stock Market Report 06/03/2011

US factory orders fell by 1.2pct in April, broadly in line with economist forecasts. US claims for unemployment insurance (jobless claims) fell by 6,000 in the latest week to 422,000.

Australian Dollar Outlook 6/3/2011

The Australian dollar has opened slightly higher this morning as poor economic data weighed on the US currency.

Hacker group claims responsibility of another Sony attack

Lulz Security, a hacker group, claimed it had attacked the Sony network once more. On Thursday, the team broke and entered the servers which hold the SonyPictures.com. More than a million of passwords, email addresses and other information from its current users have been compromised.

Volkswagen sales higher in May, strongest in 7 years

Volkswagen of America, Inc. has reported 30,100 units sold in May 2011, a 27.9 percent increase over prior year sales and the company's best sales month since August 2003. Year-to-date sales are up 19.7 percent.

Groupon plans $750 million IPO

Groupon has seen some successes as of late: after only pulling in a little over $713 million in all of 2010, in the first quarter of this year it had already pulled in some $645 milion.

CPA Outlook Index drops as US economic optimism wanes

According to the latest AICPA Economic Outlook Survey, chief financial officers, controllers and CPAs in executive and senior management accounting roles are far less optimistic now about the direction of the U.S. economy than they were in the first quarter of 2011.

ANZ chief goes on the offensive

Australia isn't going through a housing bubble, says ANZ chief executive Phil Chronican, but state and federal governments aren't doing enough to address serious housing issues.

Copper's Talking Infrastructure

By Richard (Rick) MillsAhead of the herdAs a general rule, the most successful man in life is the man who has the best informationPure gold deposits are increasingly difficult to find.

Nuclear Ist Verboten

- Germany has declared it will phase out nuclear power by 2022- The short term impact will not be substantial- The medium term impact will not be substantial either By Greg PeelGermany is a world leader in the pursuit of renewable and other forms of ?green? energy and as such has spent a good deal o...

Australian Stock Market Report - Morning 06/03/2011

US factory orders fell by 1.2pct in April, broadly in line with economist forecasts. US claims for unemployment insurance (jobless claims) fell by 6,000 in the latest week to 422,000. Economists expected a result near 415,000.

Sony hacked again, million passwords compromised

Sony Corporation, still reeling from a hacking attempt last April, has another of its websites attacked this Thursday. The group of hackers compromised SonyPictures.com and accessed the personal information of more than 1 million Sony customers.

Australia's services sector skids in May

Australia's services sector showed poor signs of improvement, according to the latest Australian Industry Group/Commonwealth Bank Australian Performance of Services Index (Australian PSI®), the seasonally adjusted index fell 1.6 points to 49.9 after a strong lift the previous month (readings below 50 indicate a contraction in activity).

Global Markets Overview 06/03/2011

U.S. blue-chip stocks dropped for a second straight session Thursday after another dose of soft economic data worried investors as they readied for a key jobs report.

ASX Overview: What to expect

Expect a lacklustre trading today at the Australian stock market because of negative to mixed leads derived from offshore trading overnight.

Broad Selloff Dominates Markets

The release of worse than expected U.K. manufacturing data coupled with a media report which claimed that a scheduled IMF payment to Greece would be withheld has led to a broad sell off in the Pound Sterling and the common currency Euro, respectively.

Japan: Fukushima Bill Could Skyrocket

No wonder the likes of Fitch Ratings and Moody's, one of its rivals, are increasingly wary of the impact of the Fukushima nuclear power station crisis in Japan.

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