Daily forex forecast - 29/11/2010
Australia was confronted with an unusually dovish Glenn Stevens on Friday, as the RBA's Governor testified before the House of Representatives Standing Committee on Economics.
World Market Overview
U.S. stocks fell, spending Black Friday in the red as growing worries over the euro zone debt crisis overshadowed an encouraging start to the holiday shopping season.
Australian Stock Market Report - Morning
European Union finance ministers have approved an 85 billion euro bailout for Ireland. Portugal approved its austerity 2011 budget on Friday causing the Portuguese/German 10-year bond spread to ease.
Joyce set to board first Qantas A380 flight after three weeks of service hiatus
To further bolster Qantas Airways Ltd’s re-invigorated safety measures despite its A380 fleet’s engine woes, chief executive Alan Joyce is boarding QF31’s Sydney flight on its way to London, the first time the aircraft would fly again following the fleet’s grounding more than three weeks ago.
More news
Jetstar dismisses pilot for going public on safety issues
Budget carrier Jetstar reportedly fired one of its pilots for calling management attention on safety and workplace concerns, with the dismissed employee airing his gripes on a news article printed out by Fairfax publications.
Property tips for couples
For many couples property and money issues are an important aspect of any relationship. Making sure that you are both on the same page when it comes to property investment will come a long way in preventing complicated disputes in the future.
Origin teams with Australian Carbon on energy efficiency
Oil and gas producer Origin Energy Ltd (ASX: ORG) and Australian Carbon Trust today signed an agreement to develop a strategic alliance for dedicated and more accessible financing, designed to accelerate the uptake of energy efficiency technologies and practices by Australian businesses.
Real estate stamp duty overhaul called
Real Estate Institute of WA is appealing changes to stamp duty regulations that has further discouraged potential buyers from purchasing homes.
Telecom bill to split Telstra passes Senate
Australia's Senate passed legislation on Friday to force dominant phone company Telstra Corp (ASX: TLS) to separate its wholesale and retail arms. This 'paves the way' for the Canberra's planned $36 billion national broadband network.
China detains Aussie business executive for alleged embezzlement probe
Chinese security officers reportedly arrested and locked up an Australian businessman in Guangzhou, China as authorities launched an investigation on alleged misuse of company resources, which the detained man also heads.
Western Australia property sales dips 30 percent
Prices for property in Western Australia have dipped by 30 percent based on information released by the Real Estate Institute of WA.
Australian Stock Market Report - Midday
US markets were closed overnight for the Thanksgiving Day holiday.
Rio Tinto spends more for underground mine safety
The devastating mine accidents in the recent months have prompted Rio Tinto (ASX:RIO) to further pursue new innovative means of safety for its miners. Australia's Rio Tinto will be investing some C$10 million for research to create a Centre for Underground Mine Construction.
Queensland building revival forum set for February
Authorities have set a building revival forum for February 8, 2011 aimed at supporting the Queensland as it deals with the effects of the Global Financial Crisis.
High demand for office space in Melbourne’s suburbs
Melbourne's suburbs lack new office buildings thus keeping demand high and vacancy rates down reported Colliers International's Melbourne Metropolitan Report.
RBA rate rise likely to pause this Christmas
The Reserve Bank of Australia (RBA) hinted on Friday it is likely to hold the cash rate at 4.75 percent for the rest of the year.
Australian Dollar Outlook 26/11/2010
The AUD has opened slightly higher this morning, despite thin trading conditions with the Thanksgiving holiday in the US overnight.
Major Yarra Valley Resort Project Fails
The multi-million Yarra Valley project has failed as its lead investor Melbourne businessman Bernard Roux filed for bankruptcy.
Daily forex forecast - 26/11/2010
The Aussie opens around the US98 cent mark today after yet another volatile 24 hours.
World Market Overview
The main European equity markets advanced Thursday as a strong finish on Wall Street offset worries about sovereign debt in peripheral euro-zone countries.
Australian Stock Market Report - Morning
The European Commission and German Government have denied a news report that European officials were considering doubling the size of a rescue fund to support the Euro.
Aussie market up slightly, Telstra leads
The Australian stock market posted moderate gains on Thursday, amid sluggish trading conditions ahead of a public holiday in the US.
More real estate buyers opting to go green
Home buyers and sellers are increasingly opting for more environmental friendly homes according to industry insiders and research groups.
Melbourne architectural firms bags deal to build the world’s second tallest tower
Melbourne-based architectural firm , Fender Katsalidis, is set to design the world's second-tallest tower standing 580 meters high and inspired by Islamic patterns in Kuala Lumpur.
New RMIT Campus Set to Become a Landmark
Work on the new Royal Melbourne Institute of Technology campus located on Swanson Street in Melbourne has begun and is expected to become a design landmark when the US$228 million, 11-storey city campus is finished in two years.
Virgin Blue revamps Brisbane terminal
The Virgin Blue Group of Airlines Brisbane Domestic Terminal will undergo a multi-million major refurbishment that will include an upgrade of existing facilities on both the arrivals and departures concourse.
Melbourne least affordable city for home buyers
First time home owners will be better off looking at housing options in Sydney rather than Melbourne based on a report made by the HIA-Commonwealth Bank Housing Affordability Index.
Tower reports boost in performance, underlying profit up 24%
Life insurer Tower Australia Group Ltd (ASX:TAL) today announced an increase in underlying profit of 24 per cent to $92.3 million for the year ended 30 September 2010.
Foreign buyers flock to Australia's real estate market
Foreign buyers are flocking to Australian real estate market and fueling demand in Sydney's central business district, North Shore and Eastern Suburbs said the Real Estate Buyers Association of Australia.
New ABS data reveals rising CAPEX in September, points to further growth on the back of a mining boom
The September quarter saw the infusion of fresh capital investments in Australia and judging from the latest figures carried by the Australian Bureau of Statistics (ABS), the rising trend would only continue, at least for the remaining part of the current financial year.
Australian Stock Market Report - Midday
Australian stocks have kicked off today's trading with a rally after the negative start yesterday, as concerns over the Korean skirmish and the Irish bailout package subsided.
Perth Airport reveals $500 million terminal and operational upgrades
Perth Airport operator Westralia Airports unveiled its $500 million renovation blueprint that the company said would refurbish and merge the operations of the airport’s domestic and international terminals.
WAC to invest $500m for Pert Airport expansion
Westralia Airports Corporation (WAC), the owner and operator of Perth Airport, today announced its plans to invest up to $500 million over the next three years to deliver new and expanded passenger terminals, expanded aircraft parking areas and expanded public access infrastructure.
Queensland businesses anticipate lowest holiday sales
Queensland businesses are the most likely to expect weaker Christmas trading conditions across Australia, according to the Sensis Business Index released today.
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