US non-farm payrolls rose by a much larger than expected 244,000 in April - marking the biggest increase in 11 months. The private sector created 268,000 jobs, with jobs growth in the retail sector (+57,000) marking the largest monthly increase in over a decade. However the jobless rate did rise from 8.8pct to 9.0pct in April.
Jamelle Agbuis May 09, 2011
A planned one-hour strike by more than 1,000 engineers is expected to delay Qantas Airways’ flights Friday at airports across Australia.
Sharon Olalia May 09, 2011
Aircraft engineers at Qantas plan a one-hour work stoppage on Friday that will launch what they intend to be a series of industrial actions against the airline.
Jose Galang May 09, 2011
Google Inc. (GOOG) failed to overturn a ruling by a Belgian court that that blocked the world's number one search engine from publishing links to local newspapers on Google's online news service.
Carlo Fernandez May 09, 2011
A barrier to financial literacy is the use by some financial planners, fund managers and listed companies of unnecessarily complex language when communicating with their investors.
Jamelle Agbuis May 09, 2011
LastPass has withdrawn its command for all its users to reset their master passwords due to a possible database breach.
Sharon Olalia May 09, 2011
RBA quarterly statement more hawkish on monetary policy - Inflation expectations increased - The RBA's statement implies current rate expectations are too benign - June rate hike now seen as more likelyBy Chris ShawOn Friday the Reserve Bank of Australia (RBA) released its quarterly statement on m...
Admin System May 09, 2011
Consumer Metrics Institute Members News: May 5, 2011 - Resumed Downturns, Retail Sales and Consumer ConfidenceLakewood, ColoradoAfter a week-long pause our Daily Growth Index resumed its movement into record territory, setting a new all-time low representing a 6.
Admin System May 09, 2011
Some of the world's top billionaires have gathered in Arizona to discuss money and how to give them away.
Preciosa Dumlao May 09, 2011
The Philippines has invited one of Thailand's major oil players to invest in the country as part of government's efforts to bring down the spiraling cost of this very important commodity.
Preciosa Dumlao May 09, 2011
The Association of Southeast Asian Nations (ASEAN) is calling on its 10-member-countries to come up with ways and means on how to address the ever increasing prices of goods and services.
Preciosa Dumlao May 09, 2011
After posting modest losses during the first half of April, US equity markets ended the month with positive performance. Commodities posted gains concentrated in precious metals while the US Dollar declined sharply. US treasury yields fell on analysts' negative outlook for US credit rating, while the environment for credit & corporate acquisition remained robust. Hedge funds posted gains for the month of April, with the HFRI Fund Weighted Composite Index gaining +1.86% with positive contribut...
Preciosa Dumlao May 09, 2011
New York based CTA Systematic Alpha Management (SAM) has extended its contract with QuantHouse, a leading supplier of next-generation trading systems, to include QuantLINK, an advanced trading infrastructure interconnecting the heart of exchanges with proximity hosting at the source.
Preciosa Dumlao May 09, 2011
Hennessee Group LLC, an adviser to direct hedge fund investors, announced today that the Hennessee Hedge Fund Index advanced +1.3% in April (+3.80% YTD), while the S&P 500 advanced +2.9% (+8.4% YTD), the Dow Jones Industrial Average increased +3.98% (+10.65% YTD), and the NASDAQ Composite Index gained +3.32% (+8.32% YTD).
Preciosa Dumlao May 09, 2011
- RBS Australia re-initiates coverage on OceanaGold- Stock rated a Buy given strong cash flows and growth prospects- Dipidio project the major growth driverBy Chris ShawFollowing an absence of a few years, RBS Australia has re-initated coverage on OceanaGold ((OGC)) with a Buy rating.
Admin System May 09, 2011
U.S. stocks rose Friday as investors were encouraged by a bigger than expected increase in monthly nonfarm payrolls, but worries over Greece limited the gains.The Dow Jones Industrial Average closed up 54.57 points, or 0.43%, to 12638.74. Kraft Foods was the measure's best performer with a jump of 69 cents, or 2.1%, to $34.08, after the packaged-foods company's first-quarter sales and profit topped analysts' estimates.
Lawrence Villamar May 09, 2011
The broker has been ranked number one in the Topfranchise survey rating Australia's best franchisors. The Topfranchise survey, launched three years ago by research company 10 Thousand Feet, has seen Smartline take top ranking each year. Smartline CEO Chris Acret said the ranking was particularly important as it reflected the sentiments of Smartline's franchisees.
Jamelle Agbuis May 09, 2011
Now General Motors Company (GM), second only to Toyota in global auto sales, has reported its fifth consecutive profitable quarter, posting net income of $3.2 billion, or $1.77 per fully-diluted share. Revenue in the first quarter ended March 31 increased $4.7 billion to $36.2 billion, compared with the first quarter of 2010.
Carlo Fernandez May 09, 2011
Australian shares closed marginally weaker despite recovering from earlier lows caused by step falls overnight in commodity prices.
Jamelle Agbuis May 09, 2011
Equity prices in the US were mostly lower as investors eye Friday's employment report, which are now expected to come in even softer than the beginning of the weeks expectations.
James Kong May 06, 2011
Asian-focused hedge funds posted steady gains in the first quarter of 2011, a volatile quarter for Asian financial markets dominated a continuum of dramatic developments, including economic, financial, environmental, social and secular.
Preciosa Dumlao May 06, 2011
The energy sector led U.S. stocks lower Thursday as crude-oil prices plunged and jobs data disappointed, hurting expectations for the government's upcoming employment report.
Lawrence Villamar May 06, 2011
Internet giant Google has launched its Google Shopping product search engine in Australia.
Sharon Olalia May 06, 2011
The number of millionaires worldwide will grow more than 70% by 2020 with the U.S. expected to have double the total number of families with a net worth of over $1 million, according to a report by the Deloitte Center for Financial Services.
Bernadette Felix May 06, 2011
After a two-week long outage of its PlayStation Network, Sony Corp. (6758) said that it is in the final stages of internal testing of the new system and will restore the popular gaming service "in the coming days".
Carlo Fernandez May 06, 2011
Diversified Philippine industrial conglomerate San Miguel Corp. has completed its record-setting shares and bond global sale deal worth $970 million with the resumption of trading on the company’s stock on the Philippine Stock Exchange
Jose Galang May 06, 2011
Our ability to deeply understand the environment of leading and change, and to act with purpose and awareness can often be the reasons leadership initiatives succeed ... or fail.
Jamelle Agbuis May 06, 2011
The smartphone wars are fully engaged, with no clear winner in sight -- if there will ever be one -- despite the Nokia-Apple horse race.
Jamelle Agbuis May 06, 2011
- Tox Free expands via Waste Solutions acquisition- Purchase offers entry into Northern Territory Market- Deal earnings accretive, forecasts lifted- DJ Carmichael rates Tox Free as BuyBy Chris ShawIndustrial and hazardous waste management company Tox Free Solutions ((TOX)) recently announced the acq...
Admin System May 06, 2011
The National Bank of Australia Chief Executive Cameron Clyne on Friday said that Australia may be moving towards a "rising rate environment" and it is only a matter of time before the Reserve Bank of Australia announced a fresh round of interest rates hike,
Preciosa Dumlao May 06, 2011
