BUSINESS

US Government Caps Uranium Price

- Spot uranium falls US75c to US$66.75/lb- DOE announces incremental sale of reserves- Probably not as scary as it seemsBy Greg PeelThe uranium spot price had been sailing furiously northward when a couple of weeks ago a large non-industry seller came into the market with an order of 800,000lbs to sell and sparked a blow-off top. Having peaked at US$73.00/lb a month ago, last week spot uranium fel...

US Government Caps Uranium Price

- Spot uranium falls US75c to US$66.75/lb- DOE announces incremental sale of reserves- Probably not as scary as it seemsBy Greg PeelThe uranium spot price had been sailing furiously northward when a couple of weeks ago a large non-industry seller came into the market with an order of 800,000lbs to sell and sparked a blow-off top. Having peaked at US$73.00/lb a month ago, last week spot uranium fel...

Exhaustion And Reversal

FNArena has added another video to its Investors Education section on the website.Exhaustion And ReversalATW's Jerry Simmons offers his technical (Elliott Wave) analysis for US equities, oil and gold. His preferred scenarios seem the first is heading into exhaustion, the second is now in dubio about what direction next and the third one seems poised for weaker prices. Total duration for this broad...
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World Market Overview 08/03/2011

The technology sector led U.S. stocks lower Monday as an analyst downgrade weighed on the sector while investors continued to fret over the potential impact of rising oil prices.

Virgin Blue faces discrimination charges

Maurice Blackburn Lawyers had lodged claims with the Federal Magistrates Court in Brisbane on behalf of two former Virgin Blue public relations executives who were forced to take redundancies after confirming that they were pregnant or returning from maternity leave.

Companies: Salmat's Six Week Horror Stretch

Up to yesterday it had been a tough six weeks or so for Salmat, the call centre and direct mail group.The shares peaked at their 12 month high of $4.98 in late January, but it has been all downhill since then.The company has produced an interim profit which disappointed, with the shares down 3.5% on the day of its release in late February.At the time the company said it was still confident of maki...

Australian PCI: Construction industry contracts at slower rate in February

Australia's construction industry remained in the red in February, although the rate of contraction eased, with the Australian Industry Group Australian Performance of Construction Index (Australian PCI) in conjunction with the Housing Industry Association, edging up 4.4 points to 44.6. Readings below 50 indicate a contraction in activity.

Apple applications in the cars of the future

Driving and facebook can be done at the same time thanks to the next generation of luxury cars from Mercedes Benz, Audi, Land Rover, and Volkswagen, you would not be missing out on your social networking or emails while on a road trip.

Mining firms seek carbon price compensation, exemptions

Australia's top mining resources firms Rio Tinto and Woodside Petroleum have criticised plans to put a fixed price on carbon emission, without a clear form of compensation or exemption for local businesses and industries.

Australian Dollar Outlook 07/03/2011

The Australian Dollar opens up trading this morning in the mid 1.0100’s after the release of jobs data in the US on Friday which was close to expectations.

Mesoblast, The Next Cochlear?

- Mesoblast is a leader in adult stem cell technology - Sector set for strong growth given interest from Big Pharma - Partner agreement with Cephalon provides funding for trials - Southern Cross Upgrades to Buy from Spec Buy By Chris ShawMesoblast ((MSB)) is an Australian biotech involved in the development of adult stem cell technology, which involves extracting bone marrow from donors, growing i...

REPEAT Rudi's View: Don't Make That Mistake

(This story was originally published on Wednesday, 2nd March 2011. It has now been re-published to make it available to non-paying members at FNArena and to readers elsewhere).- Investors thinking this is but a temporary oil problem because of Libya are in for a rude awakening- Public debate is raging about what the Fed will decide if QE2 expires in June- Chinese economy is slowing and we might se...

Could the US Really Be Oil and Energy Independent in 10 Years?

- Genetically engineered organisms can potentially make the US energy independent within ten years- Joule Unlimited, not listed at this stage, is one pioneer in the field, and confident By Steve McDonald, Investment U Analyst Friday, March 4, 2011A genetically engineered organism that could make us energy independent? Joule Unlimited has invented one, which literally secretes diesel fuel and ethan...

REPEAT Rudi's View: Don't Make That Mistake

(This story was originally published on Wednesday, 2nd March 2011. It has now been re-published to make it available to non-paying members at FNArena and to readers elsewhere).- Investors thinking this is but a temporary oil problem because of Libya are in for a rude awakening- Public debate is raging about what the Fed will decide if QE2 expires in June- Chinese economy is slowing and we might se...

Could the US Really Be Oil and Energy Independent in 10 Years?

- Genetically engineered organisms can potentially make the US energy independent within ten years- Joule Unlimited, not listed at this stage, is one pioneer in the field, and confident By Steve McDonald, Investment U Analyst Friday, March 4, 2011A genetically engineered organism that could make us energy independent? Joule Unlimited has invented one, which literally secretes diesel fuel and ethan...

Daily Forex Forecast 07/03/2011

After much caution on Friday ahead of key US jobs data, the Australian Dollar opens the new week little-changed at 1.0126.

World Market Overview 07/03/2011

Worries about the potential impact of oil's climb above $100 a barrel sent U.S. stocks lower Friday, but came short of wiping out gains recorded earlier in the week.

Australian Stock Market - Morning 7/3/2011

US non-farm payrolls (employment) rose by 192,000 in February, slightly above expectations for a gain of 185,000. But the unemployment rate fell from 9.0pct to a 2-year low of 8.9pct - below forecasts centred on a result near 9.1pct.

DIARY: Australian Jobs, Chinese Data, Saudi Arabia

Australian jobs, Chinese economic data for last month, a Kiwi rate decision and US retail sales, not to mention oil and the worsening unrest in Libya.The situation could worsen on Friday night with a day of rage called for Saudi Arabia, the world's biggest oil supplier. That will worry markets.Friday night's jobs report for the US last month was OK, not brilliant, so what will Australia&...

Commodities: Oil, The US dollar, Gold

Watch oil, gold and the value of the US dollar this week as fighting worsens in Libya, unrest spreads through the rest of the region and a major protest which may hit Saudi Arabia on Friday night, our time.The surge in oil prices on Friday helped gold go higher and hurt the US dollar which had already been weakened by the emergence of a probable rate rise in Europe next month.Global prices ended a...

Sandfire board approves development of DeGrussa Copper-Gold Project

Sandfire Resources NL (ASX: SFR) says its board has approved the development of its wholly-owned DeGrussa Copper-Gold Project in Western Australia, subject to completion of a definitive feasibility study and project funding package – both of which are on track to be finalised in Q2 of 2011 (all references in calendar quarters unless otherwise noted).

Effective and eficient Institutions needed to build Asian regionalism: ADB

TOKYO, JAPAN - More effective and efficient institutions are needed to complement Asia's market-driven regional integration and to manage the challenges of Asia's expanding role in the global economy, says a new joint study of the Asian Development Bank (ADB) and the Asian Development Bank Institute (ADBI).

Rio Tinto in search for new board directors

Australia-based coal and minerals giant Rio Tinto says a process is underway to replenish its board, including recognising the desirability of appointing another Australian director after the retirement of two directors.

Higher Oil Prices Could Be Here To Stay

By Greg PeelOne unfortunate soul at the end of his tether self-immolates in protest in Tunis and the next thing we know a modern-day collapse of the Berlin Wall is underway. A butterfly flapped its wings. Chaos ensued.Let's rattle off the list: Morocco, Tunisia, Algeria, Libya, Egypt, Jordan, Yemen, Oman, Bahrain, Iraq and Iran, with Saudi Arabia adopting preemptive concessions. That's pretty much...

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