BUSINESS

The Australian share market fell more than one per cent as investors nervously await for a vote by the Greek Parliament on measures to reduce that country's high debt.

US personal income rose by 0.3pct in May while spending was unchanged. Both readings were slightly weaker than market expectations.

Despite a 5% year-on-year dip in the overall market, iPhone shipments soared 13% quarter-on-quarter, with Apple becoming the top mobile device vendor in Australia for the first time, with nearly one third market share, Research firm International Data Corp.'s Q1 2011 Mobile Device Tracker revealed.

Australia's annual population growth rate slowed to 1.5% in 2010, down from the 2008 high of 2.2%.

If you use online banking, chances are good that you see the same things in your account that I see when I log into mine (albeit with different numbers): a lot of transaction data, and maybe some basic budgeting tools or low-level personalization.

Murchison Metals, the company primarily responsible for the Oakajee Port and Rail project has admitted to difficulties in funding its share of the development after a key customer placed its mid-west operations on hold.

By Rudi Filapek-VandyckGreece is burning (sort off) and the Federal Reserve doesn't really know what's happening inside the US economy, but here at FNArena, the least we can do is inform investors about what is happening underneath the facade of every day moving share prices.

- BIS Shrapnel expects moderate residential price growth through to 2014- Residential property prices to benefit as economic growth picks up, lifting demand- Best gains expected in the Sydney, Perth and Brisbane marketsBy Chris ShawAccording to BIS Shrapnel's 'Residential Property Prospect...

Admittedly would weigh on household budgets, the Australian government has volunteered to share some of the financial burden entailed by the proposed carbon tax.

By Rudi Filapek-VandyckGreece is burning (sort off) and the Federal Reserve doesn't really know what's happening inside the US economy, but here at FNArena, the least we can do is inform investors about what is happening underneath the facade of every day moving share prices.

FNArena has added another video to its Investors Education section on the website. This latest ATW broadcast was compiled ahead of the FOMC meeting but still offers technical insights into support zones, consolidation patterns and potential break-outs.

The Australian government is prepared for the counter-offensive as leading cigarettes firm Philip Morris takes legal action against a planned marketing prohibition in the country.

U.S. stocks dropped Friday, finishing the week slightly lower, as worries about Italian banks, Greece's austerity measures and disappointing technology earnings overshadowed a bigger-than-expected rebound in durable goods data.

Politicians, taxi-drivers and journalists are among the least trusted professionals in Australian society, according to a new survey. Australians even trust sex workers more than these professionals.

Commonwealth Bank has swept the board in MPA's ninth annual Brokers on Banks survey.

Diesel, the maker of jeans for hot girls, has released an app that allows you to slack off at work without having your boss catch you on Facebook. Diesel's new "Be Stupid at Work app" makes Facebook appear to be an Excel spreadsheet, which means you can update your status and read updates all you want without the guy who shares your cubicle or your boss noticing. Download the app at http://www.bestupidatwork.com/

It's the end of the Australian financial year this week, as well as the end of the month, quarter and end of the June half year here and offshore.

So was the solid week in Asia a one-off bounce, or a sign that investors have figured out that the region is once again a 'safe haven' while Europe and the US struggle with their respective crises?

The US government revised its final figure for first-quarter economic growth to 1.9% Friday night, our time, up from its earlier estimate of 1.8%, but the improvement provided no joy to the markets.

A day of confusion in trading in bank shares on the Italian stockmarket on Friday has raised concerns that the euro crisis is taking a new direction.

BIS Shrapnel has disputed the idea of a property market crash, and has forecast that house price growth will begin to accelerate within the next two years.

The Australian share market rose slightly in mixed trading before the weekend, with gains in financials, consumer staples and materials offsetting falls in telco, utilities, industrials and energy stocks.

US durable goods orders rose by 1.9pct in May, above forecasts centred on a 1.5pct gain. The US economy grew at a 1.9pct annual pace in the March quarter, above the previous estimate of 1.8pct.

France will use talks with other G20 nations to argue for tougher rules on global food commodities trading, as surging prices pose a risk to businesses and consumers.

Telstra, Optus and the federal government have done the long awaited deals to get the NBN going.

The Australian sharemarket gained for the third time in 5 sessions, with the ASX 200 index (XJO) up 0.2 pct or 7.6 pts to 4508.1 while the broader All Ordinaries index (XAO) rose 0.1 pct or 3.6 pts to 4565.

Two of Australia's biggest supermarket retailers say the Federal Government have not consulted them about the proposed carbon tax and are calling on the Government to reveal details about the tax before implementation.

The organisation of small non-bank lenders in Australia will continue the battle to extend competitive mortgage fees as against the big banks in spite the leveling of exit fees, the industry-led Mortgage & Finance Association of Australia (MFAA) said.

- Rio Tinto entry reduces risks surrounding Searipple accommodation village- Fleetwood also looking to expand recreational vehicle production- Earnings profile flat through FY12, yield attractive- Stockbroker Moelis retains a Hold ratingBy Chris ShawManaged accommodation has been an important part o...