The allure of online retailing has befallen Australian billionaire James Packer as he reportedly made investments in DealsDirect.com.
Christine Gaylican Apr 05, 2011
By Greg PeelAs at the end of March, industry consultant TradeTech's spot uranium price indicator sat at US$58.50/lb, down US$1.50 from the previous week and down US$11.00 from end-February. The big drop reflects the panic surrounding the disaster at Fukushima and its potential longer term impact on uranium demand.In the thinly traded spot market, panic selling has been driven by speculators caught...
Admin System Apr 05, 2011
Stock markets were fairly quiet overnight despite more M&A activity. The AUD/USD remains just under the 1.0400 level this morning as the market awaits comments from the RBA’s meeting this afternoon.
Jamelle Agbuis Apr 05, 2011
By Greg PeelThe Dow closed up 23 points or 0.2% while the S&P was steady at 1332 and the Nasdaq was also steady.Volume on Wall Street was very light last night but it is noteworthy the Dow's close at 12,400 means the first close above the February high of 12,391. The S&P 500 is meeting technical resistance at 1333, being the 100% move up from the March 2009 bottom, and is still short of its Februa...
Admin System Apr 05, 2011
The Australian Dollar opens marginally lower today against the greenback at 1.0360.
Jamelle Agbuis Apr 05, 2011
There were more signs of recovery in the German economy on Monday with new car registrations up 11pct over the year to March to 328,000 vehicles.
Jamelle Agbuis Apr 05, 2011
National Australia Bank (ASX: NAB) today backed comments made by former Westpac CEO and Citigroup director Bob Joss in the Australian Financial Review on the need for Australia to address its structural reliance on offshore funding.
Sharon Olalia Apr 05, 2011
Coles Group's fierce price cutting counter attack in the past year seems to have resulted in Woolworths' CEO Michael Luscombe retiring.The news, which didn't come as a surprise to the market with the change tipped in two media reports yesterday, was conveyed in a statement to the ASX.Mr Lucombe will retire at the end of September after five years as CEO and will be replaced by Grant...
Admin System Apr 05, 2011
Another strong month for job ads according to the ANZ's survey for March, but the reality is that it was a solid month for jobs advertised on the net.Newspaper ads were soft, rising 0.2% and continuing the less than solid trend seen for most of the past couple of years.Internet job ads rose 1.4% in March and were the main driver behind the 1.3% overall rise in job ads to 195,913.That was up f...
Admin System Apr 05, 2011
Wesfarmers' resources division has won a 53% price rise for its coking coal exports for the June quarter.The company told the ASX yesterday that the price for the June quarter will be $US328 a tonne, compared to the $US221 a tonne for the previous quarter.Wesfarmers said that "weighted average US$FOB for new contract prices of Curragh metallurgical coal (hard coking, semi-hard coking and PCI)...
Admin System Apr 05, 2011
Japanese officials said they failed on Sunday in repeated attempts to seal a crack they had identified as one source of radioactive water leak into the Pacific.
Sharon Olalia Apr 04, 2011
Atlas Iron (ASX:AGO) says it shipped a record 547,404 tonnes of DSO in the month of March 2011, beating the previous record of 541,000 tonnes recorded in October 2010.
Sharon Olalia Apr 04, 2011
QIAGEN N.V. (NASDAQ: QGEN; Frankfurt, Prime Standard: QIA) has reached an agreement to acquire Cellestis Ltd (CST: AU) for approximately A$341 million (US$355 million) in cash, providing QIAGEN with access to a novel"pre-molecular" technology that offers a new dimension in disease detection not currently possible with other diagnostic methods.
Sharon Olalia Apr 04, 2011
Banks now face the need to rebuild customer loyalty as a new survey shows over half of regional and rural Australians have lost faith in their bank and many believe change is necessary.
Sharon Olalia Apr 04, 2011
(This story was originally published on March 25, 2011. It has now been re-published to make it in full available to non-paying members at FNArena and to readers elsewhere).- Japan has an immediate need for LNG- Japan, and the world, may now turn away from nuclear and toward LNG- Australian producers will not benefit in the short term, but should in the long term- US shale gas looms as a possible ...
Admin System Apr 04, 2011
Virgin Blue Holdings Ltd (ASX:VBA) says its new Airbus A330 Sydney-Perth service will commence operation on 26 May 2011, subject to regulatory approvals.
Sharon Olalia Apr 04, 2011
The Australian Dollar touched another post-float high this morning above 1.0400 after a stronger than anticipated jobs number from the US on Friday evening.
Jamelle Agbuis Apr 04, 2011
- NAB's retail banking operations are improving, notes DJ Carmichael- NAB is gaining retail market share and the stockbroker believes NAB is attractive relative to peers- NAB and WBC outperformed CBA and ANZ, which throws up a question mark about relative valuationsBy Chris Shaw and Rudi Filapek-VandyckThe FNArena database shows a Sentiment Indicator reading for National Australia Bank ((NAB)) of ...
Admin System Apr 04, 2011
The Australian Dollar hit fresh 29-year highs on Friday night after US employers added more jobs than forecast last month fuelling another session of risk appetite.
Jamelle Agbuis Apr 04, 2011
US non-farm payrolls rose by 216,000 in March - the largest increase in ten months. The private sector accounted for all the jobs, adding 230,000 positions.
Jamelle Agbuis Apr 04, 2011
Commodities finished the week in a fairly convincing fashion, except for gold and copper, and look like having another reasonable week with the US dollar expected to be weak ahead of the European Central Bank meeting on Thursday that is seen as putting up rates for the first time in several years.That meeting is considered highly likely to boost the ECB's main rate of 0.25% to 1.25% in a sign...
Admin System Apr 04, 2011
Another big fall in dwelling approvals in February illustrates the tentative nature of the residential building recovery and highlights the need for government action to remove supply-side impediments affecting housing affordability, according to Master Builders Australia, the peak body for the building and construction industry.
Sharon Olalia Apr 01, 2011
Australian logistics firm Brambles Ltd (ASX: BXB) took majority control of IFCO Systems N.V. through completion of its sale and purchase agreements with Apax Partners and another IFCO shareholder on 31 March 2011, Central European Time.
Sharon Olalia Apr 01, 2011
Biota Holdings Ltd (ASX:BTA) says the US government has awarded an estimated US$231 million contract to its wholly owned US subsidiary for the advanced development of Laninamivir, an influenza antiviral, known as a long acting neuraminidase inhibitor (LANI) and a unique treatment for influenza.
Sharon Olalia Apr 01, 2011
The Australian daughter of former Philippine dictator Ferdinand Marcos was haunted by her past and claimed to have been axed in a reality TV show in spite being discreet and with unquestionable talent.
Christine Gaylican Apr 01, 2011
Australians will pay an estimated $821 million extra per year for their private health insurance from today, 1 April, but it’s no April Fool’s Day joke.
Sharon Olalia Apr 01, 2011
After receiving thousands of hits on their sexy advertisement for a Gold Coast property in February, NEO Property has done it again with its latest promo video. The short film for 15 Queen Anne Court still features Australian real estate agents Ian Adams and Adrian Jenkins and once again stars the scantily clad Elle Polson.
Sharon Olalia Apr 01, 2011
The strong Australian dollar along with weak domestic demand, rising overseas competition and increasing cost of raw materials dragged the manufacturing sector back into the red in March according to the latest Australian Performance of Manufacturing Index.
Sharon Olalia Apr 01, 2011
What's moving the currency market? Here's the top headline from ForexCT's Market Insight Report 01/04/2011 delivered to you by the International Business Times AU.
Lawrence Villamar Apr 01, 2011
FNArena has added another video to its Investors Education section on the website. Analysis by ATW's Jerry Simmons suggests silver is at key technical price levels. Simmons identifies key technical levels that will either limit silver's upside, or provide confirmation that new highs should be expected.Some of the key items in this video broadcast are:- Comprehensive analysis of the Silver market r...
Admin System Apr 01, 2011
