Perth properties continue decline
Perth properties have experienced 15 consecutive months of price decline, the REIWA has said.
Steel: Output Still Rising, But Not In Australia
Global steel production, an important indicator for the Australian economy and resources sector in particular, continues to grow with an 8% rise in June from June 2010.
Investment: Big Global Investors Cold On Europe, Like Asia
Big global and regional fund managers continued to dump European shares in July, but were more optimistic about Japan and Chinese growth.
Australian Dollar Outlook 7/22/2011
The Australian Dollar rallied above USD 1.0800 overnight as equity markets rallied after EU leaders agreed on a bail-out package for Greece
More news
Australian Stock Market Report-OPENING (7/22/2011)
On Wall Street overnight, it was a very strong session as a number of positives combined to send stocks higher. Outside of the jobless claims number, economic data was stronger-than-anticipated and earnings from giants Microsoft and Morgan Stanley topped estimates. The big news, however was an agreement from the EU emergency summit on a final bailout package for Greece worth EUR160 billion; they also empowered their bailout fund to buy debt of stressed nations and offer emergency credit lines.
...
Watch Out for Fake Apple Stores
An American in Kunming, southern Yunnan province in China said in her BirdAbroad blog at Wordpress that she found three shops masquerading as bona fide Apple stores in the city.
End of Innovation? Search Giant, Closing Google Labs
Google is winding down Google Labs, the site where users explore prototypes to aid development of new projects.
Mac OS X Lion and MacBook Air: Why Apple Is Today's Tech Juggernaut
The MacBook Air features the latest generation Intel Core i5 and Core i7 dual-core processors. With a processor of speeds up to 1.8GHz and faster memory, the new MacBook Air gains 2.5x faster processing performance over the previous generation. It also has the Intel HD Graphics 3000 processor, which includes an on-chip engine for video encoding and decoding.
Australian Stock Market-CLOSING (7/21/2011)
AFTERNOON REPORT
(4.30pm AEST)Local stocks posted a slight win today, but importantly managed to hold onto yesterday's impressive gains, despite slight falls on Wall Street overnight. Sentiment was boosted by hopes European leaders will agree on a second bail-out package for Greece, while a disappointing flash read on China's manufacturing sector limited gains as markets around the Asian region fell. The All Ordinaries Index (XAO) rose 7.8pts or 0.2pct to 4626.2 while the S&P/ASX 200 ...
Queensland Urged To Halt Permits To CSG Industry
The Queensland government is urged to put controls on the the coal seam gas sector that has excessively consumed the state's water supply.
BHP Billiton Registers Record Q4 Output, Earnings
Global mining giant BHP Billiton said on Thursday that its iron ore output for the last quarter of fiscal year 2010-11 soared by 14 percent to 35.5 million metric tonnes, exceeding projections earlier set by market analysts.
Australian Stock Market-MIDDAY (7/21/2011)
Midday-Lunchtime REPORT
(12.15pm AEST)Local stocks are managing to hold onto yesterday's impressive gains despite small losses on Wall Street overnight. Investor sentiment has been boosted by hopes Eurozone members will agree to a second bail-out deal for Greece when they meet in Brussels later tonight. The All Ordinaries Index (XAO) is up 23.8pts or 0.5pct to 4642.
Gone In A Flash
By Greg PeelThe "flash" manufacturing PMI (purchasing managers' index) calculated by HSBC is an early estimate of HSBC's ultimate result published immediately after month-end.
Heartworm drugs for pets; Big Pharma's cash cow
In a seemingly diabolical plot, veterinarians and pharmaceutical companies have teamed up in a marketing campaign to frighten pet guardians into giving year-round heartworm preventatives to their cats, as well as dogs.
Sunshine state enjoys most flexible working arrangements
Over one million Queensland employees used some form of flexible working arrangements in their main job, according to figures released by the Australian Bureau of Statistics (ABS).
The 'vision thing' in leadership
Australia has everything to play for, and every advantage it could hope for, but it also has every chance of blowing its future prospects. So says a 16-page special report in the May 2011 issue of the internationally recognised journal, The Economist.
Woolworths: Second Half Better Than The First
More of the same for the year ahead was the call from major retailer Woolworths yesterday in the wake of the release of the financial year and 4th quarter sales figures.
BHP 2: Record Profit Expected After Solid Production Year
Besides the expansion of its Chilean and Peruvian copper resources, BHP also achieved production records in four commodities with production of iron ore posting its 11th consecutive record.
BHP 1: Trillion Dollar Boost At Escondida Copper Mine
Buried yesterday’s BHP Billiton exploration and development report for the 4th quarter and for all of the 2011 financial year was another major story for the world's biggest mining company.
Australian Dollar Outlook 7/21/2011
The Australian Dollar is holding its recent move above USD 1.0700, as sentiment remains positive, even if slightly subdued, regarding European and US Debt
problems and plans.
CFO: Google Gears Up For Long-Term Growth
Larry Page’s recent tinkering on Google’s in-place structures were meant to reposition the internet giant and keep its competitive posture despite the enormous success that the company has achieved in so short a time.
Most Australian Businesses Continue Fight Against Carbon Tax
Members of Australia's largest and most representative business organization, the Australian Chamber of Commerce and Industry (ACCI) are taking the concerns of business and ACCI's member organizations about the proposed carbon tax to the community through support of an advertising campaign by the Australian Trade and Industry Alliance (ATI) which commenced on Thursday.
Qantas looks to China for future growth
Banking on its economic muscle and its growing list of millionaires, Qantas Airways trains its sight to China where its future growth in the Asia Pacific region will be anchored, according to company chief executive Alan Joyce.
Gold Correction Overdue, Says Gartman
By Greg PeelGold fell from around $1600/oz to $1587/oz on Tuesday night as markets saw rays of hope in both the eurozone debt issue and the US debt ceiling issue.
Rates don't rate with FHB's
Lower interest rates don't seem to be enticing first home buyers, new figures have indicated.
ASIC claims licensing success
ASIC has claimed success as it has completed the initial licensing of the credit industry, and has warned it will take a tough stance on unlicensed activity.
Bosses Face Stiff Fines Hiring Illegal Workers
A report to be released by the Federal Government today claims more than 100,000 people are misusing business, student and holiday visas to work illegally in Australia.
The Overnight Report: Dancing With Debt
By Greg PeelThe Dow closed down 15 points or 0.1% while the S&P was flat at 1325 and the Nasdaq lost 0.
Australian Dollar Outlook 07/21/2011
The Australian Dollar has opened higher this morning and is currently trading above USD 1.0700, following a strong night on equity markets and improved investor risk appetite.
World Markets Overview -(7/21/2011)
MarketU.S. stocks closed lower Wednesday as investors traded cautiously a day after the Dow Jones Industrial Average notched its biggest advance of the year. The Dow finished down 15.51 points, or 0.12%, at 12571.91, after fluctuating between positive and negative territory for much of the session.
Australian Stock Market-Morning (7/21/2011)
MORNING REPORT
(7am AEST)US existing home sales fell by 0.8pct in June to a 4.77 million annual rate. Economists had tipped a result near 4.90m. The median home price was up 0.8 per cent on a year ago. But the stock of unsold homes rose to a 8-month high of 9.5 months. Other data from the Mortgage Bankers Association showed that applications for US home mortgages rose 15.5pct last week to the highest level in four months.
Daily Forex Forecast 7/21/2011
Australian Dollar: The release of the July RBA board minutes on Tuesday signalled an air of caution as far as any near-term rate rises are concerned pushing the Aussie down a third of a US cent in the process.
World Market Overview 7/21/2011
The Australian share market closed strongly firmer, following its best performance in over a week after a compromise was reached in the US to lift America's debt ceiling. However, local traders said the rally could be short lived because of ongoing debt concerns in Europe.
Battlefield 3 vs. CoD: Modern Warfare 3: Activision Goes to Court
Now with Activision ready for another record-breaking installment of the CoD franchise, the game publisher has filed a complaint with the National Arbitration Forum last week to stop Scottsdale, Arizona-based Domains by Proxy, Inc., the current operator of the ModernWarfare3.com, from further using the site.
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