Australian dollar outlook 05/13/2011
Yesterday the Australian Bureau of Statistics (ABS) reported that the unemployment rate remained at 4.9% in April, while total employment fell by a seasonally adjusted 22,100
Hedge Fund Research launches daily performance database
HFR (Hedge Fund Research, Inc.) announces the industry's first daily hedge fund performance database, allowing investors to access data on a rapidly growing universe of hedge funds which provide investors with daily performance figures.
Daily Forex Forecast 05/13/2011
The recent woes of the Aussie were compounded by local employment data yesterday and after falling almost 2 cents in the 12 hours prior to the release another cent was given up almost immediately.
Australian Stock Market Report - Closing 05/12/2011
MARKET CLOSE
(4.30pm AEST)The energy and mining sectors were the best performers yesterday, but it was a very different story today, with both sectors holding the market back. The ASX 200 index (XJO) fell 1.8 pct or 84.1 pts to 4696.1 while the broader All Ordinaries index (XAO) slumped by 1.7 pct or 81.6 pts to 4776.6.The S&P/ASX 200 Materials index fell 2.57 pct or 355.2 pts to 13482.1, off the back of weaker commodity prices overnight in U.S trade. Australia’s largest miner, BHP B...
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Daily deals site Groupon launches in NZ
Groupon, the group buying site that features a daily deal on the best stuff to do, eat, see and buy in more than 500 markets around the world today announced its launch of the Groupon New Zealand, which began offering deals on May 10, 2011.
Sharon Olalia May 12, 2011
Australia's Michael Andrew named KPMG's global chairman
Michael Andrew, 54, chairman of KPMG Asia Pacific and also of KPMG Australia, has been elected Chairman of KPMG International.
Carlo Fernandez May 12, 2011
Australia's Bluescope warns of loss due to forex
BlueScope Steel Ltd. (BSL), Australia's largest steelmaker, announced today that it will report a full-year loss as the strengthening Australian dollar cuts the price of competing imports and the value of offshore earnings.
Carlo Fernandez May 12, 2011
Upgrades Follow Westfield Update
A stronger Australian dollar has been impacting on earnings for Westfield Group but a quarterly trading update yesterday suggests this is being countered by lower debt costs.
Admin System May 12, 2011
Strong Aussie dollar an integral business tool, say small businesses
Two out of three Australian small businesses think that ‘business is good’, with some considering the strong Australian dollar an integral business tool, according to a new small business survey released today by Westpac.
Sharon Olalia May 12, 2011
Lady Gaga Invades Zynga's Farmville
American pop star Lady Gaga has invaded the virtual farms of Farmville and has her own GagaVille to promote her singles included in her album "Born This Way," online games producer Zynga has announced.
Christine Gaylican May 12, 2011
Stamp duty discount for first home buyers may apply to pre-July purchases
While the recently announced 20 per cent discount on stamp duty for first home buyers does not come into effect until 1 July this year, it may apply to homes purchased now according to the Real Estate Institute of Victoria.
Sharon Olalia May 12, 2011
NZ Court Penalizes Qantas
A New Zealand court has ordered Australian airlines Qantas to pay fines worth NZ$6.5 million for fault of price fixing, records showed.
Christine Gaylican May 12, 2011
2500 passengers affected as Qantas cancels 31 flights
Australian national carrier Qantas Airways (ASX: QAN) has been forced to cancel 31 flights affecting around 2500 passengers and delay another 46 flights during tomorrow's morning-peak, as a result of union-led industrial action from licensed engineers.
Sharon Olalia May 12, 2011
Australian steel leader BlueScope sees loss for year
Industry leader BlueScope Steel Ltd. says it expects to report a net loss for the financial year ending June 30.
Jose Galang May 12, 2011
Qantas pilots threaten strike over job security issues
Qantas pilots belonging to the Australian and International Pilots Association (AIPA) announced on Thursday plans to stage a strike after enterprise bargaining negotiations with management bogged down.
Jose Galang May 12, 2011
Upgrades Follow Westfield Group Quarterly Update
- Westfield update shows lower costs offsetting stronger $A- Lift in development starts sees changes to earnings estimates- Two upgrades, Buys now dominate Westfield Group ratingsBy Chris ShawA stronger Australian dollar has been impacting on earnings for Westfield Group ((WDC)) but a quarterly trad...
Admin System May 12, 2011
Dollar loses ground as unemployment rate continues worrying trend
Australia’s unemployment rate stayed at 4.9 per cent in April, official figures from the Australian Bureau of Statistics (ABS) show today.
Sharon Olalia May 12, 2011
Talent management with a twist - HR preparing for growth in Australia
As Australia returns to economic growth, and consumer confidence rebounds, increased competition for skilled workers has forced many organisations to rethink their talent strategies for 2011.
Jamelle Agbuis May 12, 2011
Investors continued to pour money into hedge funds in April – commodity strategies performed best
Hedge funds returned an average of 2.05% in April 2011 and the rate of net investor inflows
was again above the 2010 average.
Preciosa Dumlao May 12, 2011
BRIM enters strategic partnership with New Alpha Asset Management.
Blue Rice Investment Management (BRIM) is pleased to announce its strategic partnership with NewAlpha Asset Management, the Paris-based global hedge fund incubation specialist with an investment into the BRIM Asian Credit Fund as of 1st May 2011.
Preciosa Dumlao May 12, 2011
Lyxor Global Hedge Fund index was up +1.4% in April 2011, lifting year to date gains to 2.1%
The Lyxor Global Hedge Fund index, an investable index based on Lyxor's hedge fund platform which tracks the overall hedge fund universe, was up +1.4% in April, lifting year to date gains to 2.1%.
Preciosa Dumlao May 12, 2011
CBA sees profits, arrears rise
Commonwealth Bank has reported third quarter cash earnings of $1.7bn amid a slight rise in mortgage arrears.
Jamelle Agbuis May 12, 2011
Coffee Prices Percolate to Multi-Decade Highs
By Tony D’Altorio, Investment U Research Tuesday, May 10, 2011Coffee drinkers are finding it more and more expensive to get their caffeine fix.
Admin System May 12, 2011
The Overnight Report: Oil Tanks
By Greg PeelThe Dow closed down 130 points or 1.0% while the S&P lost 1.1% to 1342 and the Nasdaq fell 0.
Admin System May 12, 2011
Book Review: The Big Fella
By Greg PeelThe owner of a vast sheep station west of the Darling River in outback New South Wales would not permit prospecting on his land despite rumours of gold discoveries in other parts of the Barrier Ranges and the first strikes of silver being reported not far away.
Admin System May 12, 2011
Updates: Westfield, Boral Reaffirm Guidance
Westfield had been tipped by some analysts to cut guidance because of the impact of the higher Australian dollar on offshore earnings, but the mall owner confirmed its forecasts for annual earnings, distributions and operating income in a statement to the ASX.
Jamelle Agbuis May 12, 2011
Retail: David Jones, Myer Both See Sales Down In March Quarter
David Jones and Myer, Australia's two biggest department store chains, reported lower sales in their latest market updates, indicating shoppers remain reluctant to spend.
Jamelle Agbuis May 12, 2011
Social networking behind the corporate firewall increases 500%, creates big vulnerabilities
Enterprise security and firewall company Palo Alto Networks on Wednesday released the results of an eight-month study of more than 1,200 organizations and 2 million users that observed more than 28 exabytes of data passing through corporate networks.
Jamelle Agbuis May 12, 2011
PIMCO Takes An Active Short On US Debt
Yesterday, S&P reported that they were downgrading the long-term outlook on U.S. debt from stable to negative.
Jamelle Agbuis May 12, 2011
Comcast-NBC merger-favoring FCC commish now a lobbyist
Baker was appointed by President Obama in June 2009. She is the second commissioner to announce his or her resignation from the FCC -- Commissioner Michael Copps is set to leave at the end of the year after 10 years -- but certainly is not the first Washington to take a position like this.
Jamelle Agbuis May 12, 2011
Daily Forex Forecast 05/12/2011
The Australian Dollar has been unwillingly pulled south overnight as a sharp decline in commodities and a stronger Greenback dominate the markets.
Jamelle Agbuis May 12, 2011
World Market Overview 05/12/2011
The Australian share market closed higher on Wednesday as Chinese inflation figures boosted the resources sector. At the close, the benchmark S&P/ASX200 index had gained 54.4 points, or 1.15 per cent, at 4,780.2 points, while the broader All Ordinaries index had lifted 54.6 points, or 1.14 per cent, to 4,858.2 points.
Jamelle Agbuis May 12, 2011
Australian Stock Market Report 05/12/2011
US treasury prices rallied (yields lower) as investors shifted back to safe-haven investments. The auction of $24 billion in 10yr notes was met with solid demand. US 2yr yields fell by 4pts to 0.549pct and US 10yr yields eased by 6pts to 3.156pct.
Jamelle Agbuis May 12, 2011
Americans hopeful but cautious on housing market, economic recovery
Americans expressed more cautious optimism during the first quarter of 2011 than in the fourth quarter of 2010, but they continue to lack confidence in the overall strength of the housing market and economic recovery, according to Fannie Mae's latest national housing survey.
Sharon Olalia May 12, 2011
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