BUSINESS

NSW Stamp Duty Changes to Hit Rural Centres Hard

The O’Farrell Government’s decision to slash First Home Buyers benefits by removing stamp duty concessions for existing homes will hit rural centres hard, according to the NSW’s peak industry body.

EU Court Rules German Pilots Can Fly Until Age 65

The European Court of Justice in Luxembourg has ruled that Lufthansa pilots can fly a plane until the age of 65 after finding the airline's age restriction for such workers as constituting discrimination.
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Asia: Growth Slows A Touch, But Still Strong

Some good news on interest rates and consumer confidence yesterday means the economy isn't in such a gloomy place as many had thought especially economists, and possibly the Reserve Bank.

Gulf Property Developers Shift From Audacious to Economical Projects

In the Gulf, developers are learning from what did not work and moving on to what is feasible for all. Property developers in the Gulf are trying something new in the market -- focusing on actual housing demands with great consideration to economic reaches of the potential occupants.

Property Appetite Hits Two-Year High

Stable rates have proven a boon to consumer confidence, with more households now eyeing the housing market than at any time in the past two years.

Missoni Sale Causes Crash of Target Website

Target.com's Website crashed on Tuesday morning following intense cyber interest created by its sale of Missoni items, an Italian fashion brand known for zigzag knits and bright patterns.

ValEx Tells Brokers to Stop Disputing Valuation

Brokers need to stop disputing low valuations, as it will seldom lead to any change in the original assessment, industry valuation management firm ValEx has said.

CEO Ballmer: Microsoft to Hit the New Highs with Windows 8

Microsoft has expressed optimism on Wednesday that despite the worldwide slide on sales of personal computers, Windows will remain relevant in the tech world that has largely been transformed by mobile computing.

Crude Corrective Rally Nearing Completion?

By Jamie Saettele,Prepared by Jamie Saettele, CMTThe month + crude rally may be nearing completion. The advance can be counted in a corrective manner (wave c diagonal).

Qantas Workers to Strike for 4 Hours on Sept 20

Qantas workers belonging to the Transport Workers Union will strike on Sept. 20 for four hours. The job walk-off is over enterprise negotiations, particularly a 5 per cent pay increase and clauses that would limit the use of contract labour.

Global Markets Overview 09/15/2011

Stocks surged as investors found reasons for optimism in a barrage of headlines from Europe. The Dow Jones Industrial Average rose 140.88 points, or 1.27%, to 11,246.73, after a day of whippy trading.

Sony to Start Global Rollout of PlayStation Vita in Japan on Dec. 17

In a press conference, Sony Corp said it is set to kick off the global rollout of its new PlayStation Vita on Dec. 17 in Japan. NTT Docomo, Japan's biggest mobile carrier, will provide prepaid 3G plans for PS Vita users. Although criticized for setting a high price, Sony said in August there was no need to cut the price of the PS Vita from the announced figure of 24,980 yen ($325) for a Wi-fi only model and 29,980 yen ($390) for a 3G plus Wi-fi version.

Microsoft Slashes Xbox 360 Prices in Australia

Australian gamers will have a reason to celebrate this season as Microsoft announced that it has slashed the price on its Xbox 360 and Kinect bundles by AU$50 in time for the Christmas season.

Sony will Launch PlayStation Vita in December

Sony announced that it will launch its next generation handheld device, the PlayStation Vita on December 17 in Japan but insisted that it will not reduce the price of the device despite its rival Nintendo slashing the price of its console.

Italy, China Deny Bond Purchase Talks

Italian officials have confirmed meetings between government ministers and officials of China's investment arm early this month but denied that bond purchase was the agenda of the talks.

Westpac Survey: Consumer Outlook Improves by 8.1% in September

Australian consumers have regained their positive outlook in the present month, thanks much to the steady cash rate benchmark being implemented by the central bank in the past quarters plus the economic recovery posted at the close of the first half of the current year.

Coca-Cola Set to Challenge Recycling Law in Northern Territory

Coca-Cola Amatil has expressed plans to launch a legal action against the upcoming Northern Territory recycling initiative that would provide a $0.10 incentive for every plastic bottle returned to a beverage manufacturer.

REIA Claims House Price Growth

The REIA has broken with other data providers in reporting growth in Australian property values for the June quarter.

Australia's Business Owners Urge Changes in GST, BAS

On the eve of the Federal Government's October Tax Forum, new research from MYOB has found more than two thirds of Aussie business owners (71%) want the Business Activity Statement (BAS) simplified and three quarters (76%) want to have the GST rules reviewed and clarified; while over one third (33%) said that addressing these concerns would impact their voting intentions.

Windows Unveils New Windows 8 Preview

Microsoft gave developers a taste of its new OS at the company's Build conference on Tuesday in California when Steven Sinofsky, president of Microsoft's Windows team, offered a full preview of its upcoming Windows 8.

Insolvencies in Australia Rise 12% in June Quarter

Indicating the difficult times Australian businesses are going through, insolvencies in the country rose 12.1 per cent in the June quarter, according to the latest survey by credit agency Dun & Bradstreet.

Qantas Aims to Bring 5 Carriers to China

Australian flag carrier Qantas plans to get a larger cut of the Chinese passenger market by planning to bring five carriers to China, The Sydney Morning Herald reports.

Stockbrokers Welcome Collins Foods With Buy Ratings

- Brokers pick up coverage on Collins Foods- Both UBS and Deutsche Bank rate stock as a Buy- Upside from continued solid same store sales growth- New store openings, refurbishments should also grow earningsBy Chris ShawCollins Foods ((CKF)) is one of Australia's largest restaurant operators, co...

What To Do About Europe?

By Greg PeelIn mid 2007, many were concerned over a growing credit problem in the US with regard to subprime mortgages.

Australian Dollar Outlook 09/14/2011

The Australian Dollar has opened slightly weaker this morning as the FX markets continue to be driven by headlines out of Europe and the US.

Further Weakness Not A Given

FNArena has added another video to its Investors Education section on the website. In this educational broadcast, ATW's Jerry Simmons suggests all is not necessarily lost for equities just yet.

The Overnight Report: Rest Day

By Greg PeelThe Dow closed up 44 points or 0.4% while the S&P gained 0.9% to 1172 and the Nasdaq starred with a 1.

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