BUSINESS

Hedge fund industry leverage declines as total capital reaches record level

Hedge fund industry leverage declined in the last 12 months, according to the HFR Leverage Report, released today by Hedge Fund Research, Inc. (HFR). Leverage declined as investor inflows and less volatile performance gains combined to increase global hedge fund industry assets to a record $2.02 trillion.

Xstrata to phase out copper smelting

Global miner Xstrata Mount Isa Mines says it plans to phase out copper smelting at Mount Isa and refining operations in Townsville by the end of 2016 in a bid to sustain the future of its Mount Isa operations through expanded mining and concentrate production.
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World Market Overview 05/18/2011

The Australian share market drifted higher in quiet trading Tuesday as heavyweight mining stocks led a broad based recovery in the local bourse after it hit an eight week low on Monday.
Jamelle Agbuis May 18, 2011

Australian Stock Market Report 05/18/2011

US industrial output was unchanged in April against expectations of a 0.4pct rise. Capacity utilisation eased from 77.0pct to 76.9pct in April. US housing starts fell by 10.6pct in April. Compared to April last year residential construction was down 23.9pct. New building permits fell 4pct in April.
Jamelle Agbuis May 18, 2011

National campaign begins vs Australia's planned anti-smoking law

Leading manufacturer British American Tobacco Australia (BATA) on Tuesday launched a national media campaign against the Federal Government's proposed plan to impose plain packaging on cigarettes that could harm marketing and sales.
Christine Gaylican May 18, 2011

World Market Overview 5/17/2011

The technology and consumer-discretionary sectors led stocks lower Monday as weak economic data spurred worries of a softening economy and Europe's debt crisis kept investor sentiment in check.
Jamelle Agbuis May 17, 2011

SAP and Dell Join Forces on Cloud and In-Memory Computing

SAP AG (NYSE: SAP) and Dell (NASDAQ: DELL) have announced an expansion of their long-standing relationship that will deliver new cloud and in-memory computing offerings to help organizations transform their businesses.
Carlo Fernandez May 17, 2011

Microsoft's Bing has help from Facebook to Compete with Google

Microsoft Corp. (MSFT) is rolling out today an expansion to features on its Bing search engine that would display personalized results based on what trusted friends recommend on Facebook, the world's most popular social network.
Carlo Fernandez May 17, 2011

Pyxis mobile partners with Smartsoft to expand SAP integration capabilities

Pyxis Mobile, provider of the only cross-device mobile application development platform designed to meet customers' constantly changing needs, announced today that the company has partnered with Smartsoft International, Inc., to expand its platform's SAP integration and mobilization capabilities.
Preciosa Dumlao May 17, 2011

Australian Stock Market Report - Midday 17 May 2011

Unfortunately, at lunch the Australian sharemarket has not yet managed to come back after falling by over 1.3 pct yesterday. The S&P/ASX 200 index (XJO) is up a modest 0.1 pct or 4.4 pts to 4654.4.
Lawrence Villamar May 17, 2011

June Rate Rise On The Cards

By Greg PeelI'm not going to say anything, just offer these monetary policy conclusions from past RBA statements and minutes, and from today's May minutes.
Admin System May 17, 2011

Sony Playstation back online In US, EU

Japan's Sony Inc has resumed the partial operations of its leading PlayStation Network and Qriocity entertainment services in the U.S. and Europe after more than three weeks that they were attacked by hackers, the company said in a statement.
Christine Gaylican May 17, 2011

Free land for developers in Pilbara?

Crown land in the Pilbara could be given away for free as long as developers commit to build luxury high-rise apartments.
Jamelle Agbuis May 17, 2011

Skype passes NCCP muster: Denovan

Face-to-face client interviews do not have to take place in person and can be held online, a law firm has stated.
Jamelle Agbuis May 17, 2011

Work and stress: An unhealthy association?

Work is an important component of adult life. Australians spend on average 64 hours per week doing it. Despite it being such an important and large part of our adult life, people experience a range of problems and impacts related to work, including stress.
Jamelle Agbuis May 17, 2011

Forex Market Insight Report 17 May 2011

AUD had and extremely choppy night with an early rally in Europe on the positivity surrounding the Portugal rescue packageseeing risk currencies bought strongly. This euphoria didn’t last long however and as commodities got sold aggressively the AUD also felt the effects. Today seems dependant on what the RBA has to say in their minutes and looks range-bound prior.
Lawrence Villamar May 17, 2011

The Economy: Home Loans, Cars Down

First it was retail sales for March, then the labour force figures for April; now housing finance data for March has come in weak and surprisingly so.
Jamelle Agbuis May 17, 2011

The Big Headache Of The ECB Chairman

As Finance Ministers and Eurozone policymakers meet to discuss the options available to some of the Eurozone's fiscally troubled states, the common currency is finding support from the earlier release of higher than expected core inflation data.
Jamelle Agbuis May 17, 2011

Rumour Mill Hits Uranium

By Greg PeelThe last two weeks have seen carnage in spot commodity markets, yet uranium's trajectory has been to the upside.
Admin System May 17, 2011

Three Reasons Silver Has Underperformed Gold During May

By Lior Cohen, Energy Analyst for Trading NRG3 Reasons Silver Has Underperformed Gold During MayDuring March and April silver has outperformed gold price by a landslide, and yet during May (so far) it seems that the tables have turned and gold price is outperforming silver price.
Admin System May 17, 2011

Greek Debt Restructuring: Timing And Impact

- Greece is now in too deep a hole- Debt restructuring is inevitable- Restructuring will be orderly so as to avoid contagionBy Greg Peel“Greece is in a negative feedback loop in which high restructuring probability implies precarious debt dynamics, while such dynamics imply even higher default...
Admin System May 17, 2011

Australian Stock Market Report - Morning 17 May 2011

Net capital inflow to the US was US$116 billion in March, up from US$95.6 billion in February and US$38.7 billion in January. Chinese holdings of treasuries eased from $1.1541 trillion to US$1.1449 trillion. The National Association of Home Builders index was unchanged at +16 in May.
Lawrence Villamar May 17, 2011

Daily Forex Forecast - 17 May 2011

Traders were content to play the ranges during yesterday’s Asian session once support kicked in around the US105 cent area. The Australian Dollar moved back up towards 1.0560 despite economic data revealing that the number of home loans approved in Australia fell to a 10-year low in March.
Lawrence Villamar May 17, 2011

Global Markets Overview - 17 May 2011

The technology and consumer-discretionary sectors led stocks lower Monday as weak economic data spurred worries of a softening economy and Europe's debt crisis kept investor sentiment in check.
Lawrence Villamar May 17, 2011

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