By Greg PeelThe Dow closed down 225 points or 2% while the S&P lost 2% to 1256 and the Nasdaq dropped 1.9%. The S&P is now one point down for 2011.I suggested yesterday that Prime Minister Kan appeared to be keeping the world up to date with developments – a far cry from the Chernobyl incident in Russia which saw the first alarm raised by Sweden. The Japanese are renowned for their calm in a...
News of another explosion at the Fukushima nuclear power station sent shockwaves through global markets.
The Australian share market closed in the black for the first time in the past six trading sessions, triggered by strong gains in Tokyo and buoyed by bargain hunting.
US producer prices rose by 1.6pct in February - marking the largest monthly increase in 18 months. In the 12 months to February producer prices were up 5.6pct. Energy price surged by 3.3pct in February.
Gina Rinehart, the daughter of mining magnate Lang Hancock, is now the richest Australian ever.
Global disasters will likely impact the Australian economy through the fourth quarter of 2011, with its expansion projected to be hampered by sluggish pace that experts said should commence by the second quarter of the year.
A rather bullish outlook from major miner Rio Tinto in its 2010 review released yesterday helped the shares rebound nearly 2% in yesterday's steadying market.The shares rose $1.53, or 1.98%, to $78.94 after being as high as $79.52 in the morning as investor sentiment about stocks, especially commodities and uranium miners (Rio has a mine or two in Australia and South Africa), recovered from T...
Western Australian owned international shipbuilding company Strategic Marine has been contracted to provide high-speed patrol vessels for the Australian Federal Police.
Australia-based uranium production company Paladin Energy Ltd (ASX: PDN) expressed its deepest condolences to the people of Japan following the tragic events of Friday 11 March 2011.
The massive earthquake and the tsunami it spawned in Japan pushed back the late March launch of iPad 2 in the country even as Apple struggle to meet the refurbished tablet’s online demand, admitting on Wednesday that global consumers will have to endure weeks of delay.
Murchison Metals Ltd (ASX: MMX) has formally executed its agreement with Resource Capital Fund V L.P. (RCF V) for the US$100 million Bridge Finance Facility that was announced to the ASX on 19 November 2010.
Telstra’s Yellow Pages publisher Sensis has followed the ways of other firms as it unveiled on Wednesday an iPad app that would allow the gadget’s Australian users to access directory database through the Apple bestselling product.
Giant internet firm Google continues its ongoing campaign of raising the quality of its services, snatching this week an Irish company that it deems would bring better technology in improving the video offerings of its subsidiary, YouTube.
National Australia Bank (ASX: NAB) today announced changes to the Group Executive Committee.
Telecom New Zealand (ASX: TEL; NZE TEL) has today announced it will credit all residential customers’ landline calls to Japan. This includes calls made from landline to landline and landline to Japanese mobile phones.
Patterson Cheney Pty Ltd, trading as Patterson Cheney Holden, has paid two infringement notices totaling $13,200 following an Australian Competition and Consumer Commission investigation into its promotional offer of a 'Free Extended Lifetime Mechanical Warranty'.
Music and record-producing companies will soon realize the untapped potential of digital music subscription that will also curb the availability of free music downloads online.
Web developers will get the most benefit with Microsoft's Internet Explorer 9 (IE9) launched early this week.
- The eurozone has surprised by suddenly announcing new agreements- The bail-out fund is now bigger and concessions have been made to Greece- It's an improvement, albeit still not enough to cover Italy- But it may yet prove a turning pointBy Greg PeelLast week the world was distracted by MENA uprisings, including planned Saudi protests and the ongoing civil war in Libya. But Europe was suddenly ba...
News of another explosion at the Fukushima nuclear power station sent shockwaves through global markets. With the Nikkei plunging more than -10%, the largest one day decline since 1987, risk liquidation accelerated weighing the Aussie down. Initial reactions saw the Australian Dollar slide to 0.9925 against the Greenback.
U.S. stocks sank Tuesday as worries deepened over the specter of a nuclear crisis and economic slowdown in Japan, but encouraging comments from the Federal Reserve kept the losses in check.
- Experts are trying to assess Japan's earthquake and commodity market implications- LNG, Coal likely winners- Long-term contracts to support uranium- Oil price forecasts also liftedBy Chris ShawThe full impact of the damage and losses suffered in Japan in the wake of the earthquake and tsunami that struck on Friday afternoon still cannot be accurately assessed, but with markets remaining open bro...
By Greg PeelThe Dow closed down 137 points or 1.2% while the S&P lost 1.1% to 1281 and the Nasdaq dropped 1.3%.The first thing to note here is that Australia is currently leading Wall Street rather than following it as usual, given the critical situation at present is in the Asian time zone. Having fallen 6% on Monday, yesterday the Nikkei fell another 10% as the focus moved from the cost of the t...
Don't expect too much in the way of changed language from the post meeting statement from the Fed.In reality not much has really changed from the last meeting in January.A small improvement in the jobs market is being offset by fears the damage that could flow from oil prices above $US100 a barrel and petrol prices between $US3 and $US4 a gallon.Inflation fears are overdone; the overhang of u...
Australian interest rates will be on hold for a while longer as the central bank confirms that it will ignore short term blips and troughs in inflation and other data caused by the floods and bad weather.In the minutes of the March 1 board meeting, released yesterday the RBA said."Members confirmed that the Board's approach would be to look through temporary effects caused by extreme weather ...
The push to return the Budget to surplus by 2012/13 must not come at the cost of jobs or cuts to vital programs, services that working people and their communities rely on.
The Australian Bankers' Association (ABA) said the new MoneySmart website will be a helpful resource for consumers who access financial literacy information online.
The Australian Bankers' Association (ABA) said the new MoneySmart website will be a helpful resource for consumers who access financial literacy information online.
The merger of the Australian Retirement Fund (ARF) and the Superannuation Trust of Australia (STA) has created an industry behemoth that seeks to serve all of Australia's working class. AustralianSuper is still working hard to keep step with the demands of its members that encompasses all industries in the country.
The person behind the viral spread in Facebook for an overblown birthday party invite for a young girl residing in New South Wales has been identified by the state police.
