BUSINESS

World Market Overview

U.S. stocks rallied to their highest level since their September 2008 plunge during the bankruptcy of Lehman Brothers as investors applauded the Federal Reserve's latest effort to stimulate the struggling economy.

Daily forex forecast - 05/11/2010

The Australian Dollar managed to hang onto its gains above parity yesterday despite softer-than-expected retail sales data. Australian retail sales rose just 0.3 per cent in September reducing expectations as to the pace of rate hikes in 2011.
More news

SUV sales prop up October motor vehicle sales in Australia

Those SUVs keep on rolling out from car dealers’ stations and helped Australian motor vehicle sales surging as of the month of October, according to the latest car sales figures furnished by the Federal Chamber of Automotive Industries (FCAI) on Thursday.

Australia wins best health building in the world

BVN Architecture, one of Australia's largest architectural practices with offices in Brisbane, Sydney, Canberra and Melbourne, won the Health Category award at the World Architecture Festival (WAF) this evening (Wednesday 3 November) in Barcelona for the Youth Mental Health Building at the Brain and Mind Research Institute (BMRI) in Camperdown, Sydney.

High Aussie dollar impacting Australia's exporters -survey

The rising Australian dollar is crushing Australia's export industry, new data show as the Aussie overnight powered to $1.0064, its highest since 1982, after the Federal Reserve began a new chapter in quantitative easing.

Australian Stock Market Report - Midday

The Australian share market has soared to a six month high in early trade, following a strong lead from Wall Street which led to the Australian dollar breaching parity against the greenback.

David Jones launches online shopping in time for Christmas season

Now, luxury enthusiasts do not need to leave the comfort of their homes in snatching those designer goods sitting on store shelves as they too have found their way on monitor screens, all for the taking with the use of some finger strokes by Aussie shoppers.

Australian Dollar Outlook 04/11/2010

US dollar selling is once again the name of the game following the overnight announcement from the US Federal Reserve of their intentions to pump more money into the US economy.

World Market Overview

U.S. stocks bounced in and out of positive territory but are now rising, while the dollar and the 10 year Treasury plunged, after the Federal Reserve said it would buy $600 billion in longer-term securities by the middle of next year as part of its latest effort to prime the domestic economy.

Canada shoots down BHP’s $40 billion takeover bid on Potash Corporation

Believing at the moment that ceding control of the world’s biggest fertiliser producer to a foreign entity amounts to insufficient net benefit for Canada, its federal government shut the door for now on BHP Billiton Ltd’s $US40 billion or $A40.13 billion takeover bid for Potash Corporation of Saskatchewan.

Daily forex forecast - 04/11/2010

The long-awaited and much-discussed stimulus measures in the US have been announced which has sent the Australian Dollar soaring above par with the greenback to 1.0045 at time of writing.

Australian Stock Market Report - Morning

The US Federal Reserve has unveiled greater purchases of securities in order to inject fresh stimulus into the economy: ´´The Committee will maintain its existing policy of reinvesting principal payments from its securities holdings.

Australian dollar, NZ Kiwi rose to new highs

The Australian dollar has hit again the high note against the US currency as a result of the U.S. Federal Reserve's decision to pour more money into the American economy in the coming months.

Australian stock market hits six month high

The Australian share market hit a six month high to close stronger on Wednesday as investors remained optimistic about economic data from offshore due overnight.

How the best approach in customer service works

Strativity Group, a leading provider of customer experience services, today announced it has opened an office in Sydney to support growing interest from Australian and New Zealand organisations in adopting customer-centric approaches and proactively managing their customer experiences.

How Australian homeowners can beat the rate rise

Homeowners hurting after the Commonwealth Bank of Australia's (ASX:CBA) shock 0.45 per cent rate rise should get a better deal instead of getting mad, according to an independent home loan information provider that connects home buyers with some of the cheapest bank loans in the country.

Qantas downgrades Sept capacity forecast

National carrier Qantas Airways Ltd lowered its latest capacity projection increases for the first half of 2010/11, downgrading its traffic forecast from the full-year numbers reported in August.

Xstrata magnifies offer to Sphere Minerals

Mining firm Xstrata Plc has increased its offer price for iron ore developer Perth-based Sphere Minerals Ltd (SPH.AU) to $3 a share and declared the offer best and estimated at $514 million.

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