China Renews Google License Amidst Censorship Tension
Google has confirmed that China has renewed its ICP license to operate for another year in spite the tension between the two for more than a year.
Australian FY11 Wrap And FY12 Outlook
How did the Australian FY11 corporate result season stack up?Do analysts feel better or worse now for the year ahead?How might one best approach FY12 investment?All this and more will be discussed in FNArena's Market Insight program at 4.
HSBC to Lay off 3,000 HK Employees
Even giant corporations are affected by the continuing global economic slack. In Hong Kong, one of Asia’s iconic banks, HSBC will furlough 3,000 employees over the next three years, reports have confirmed
Top Picks In Engineering & Contracting
- Engineering and Contractor sector results met expectations- Weak macro outlook a threat to earnings- Higher costs and margin pressures also an issue- Brokers highlight their sector preferencesBy Chris ShawFor Australian engineering and contracting companies the recent FY11 reporting season was lar...
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Reports: Qantas CEO Gets Pay Hike, Shareholders Get Nothing
So Qantas shareholders had no dividend in the 2011 financial year, they have watched the share price fall 16% so far this calendar year, and now they will be told, if they can understand it, that CEO Alan Joyce received a 71% pay rise to $5 million.
Rates: RBA Sits, Worries About Europe
There's been quite a change in the Reserve Bank's view of the economy and the world since the August 6 board meeting.
World Bank: U.S. Will Not Go Back to Recession
In the midst of fears about the nation’s economy, World Bank Chief Robert Zoellick stated that the United States will not slip into another recession.
Aussie Dollar Nudges Higher After Strong GDP
The Australian dollar nudged higher after latest official figures showed the nation’s economy is stronger than expected. According to the latest ABS figures, GDP grew 1.2 per cent in the June quarter 2011and 1.4 per cent from a year earlier.
CSL And The Swiss Franc
- SNB caps the Swiss franc- CSL exposed to USD/CHF- AUD might find further supportBy Greg PeelBack in 1978 the German economy was in a sorry state and funds were flowing steadily out of the German mark and into the safety of the Swiss franc.
How Do Stockmarket Declines Impact On Economic Growth?
- Stockmarket falls impact on economic growth- Impact is felt by both corporates and consumers- Danske Bank suggests US economy may be less resilient going into 2012By Chris ShawOver the past month, fear of recession and ongoing uncertainty with respect to European and US debt issues has seen equity...
The Overnight Report: Back From The Brink, Again?
By Greg PeelThe Dow closed down 100 points or 0.9% while the S&P fell 0.7% to 1165 and the Nasdaq lost 0.
Australian Stock Market - Morning Report 09/07/2011
The US ISM non-manufacturing survey rose from 52.7 to 53.3 in July - ahead of expectations. The pickup in service sector activity was supported by a rise in new orders and exports. Encouraginly the prices index also rose.
Global Markets Overview 09/07/2011
U.S. stocks dropped for a third straight session as investors continued to flee risky assets and the Standard & Poor's 500-stock index notched its worst ever three day start to September
Australian Dollar Falls After RBA Comments
The Australian dollar was dragged down by a fresh wave of uncertainty from comments made by Reserve Bank of Australia Governor Glenn Stevens.
Farmer’s Confidence Flagging as Economic Uncertainty Worsens
A recent survey of rural confidence by agricultural lender Rabobank revealed that farmers are feeling less confident for the year ahead.
No Rate Cut In Sight
By Greg Peel"Beyond the near term, growth is still likely to be at trend or higher, unless the world economic outlook continues to deteriorate.
Macarthur Coal Bids: Shareholders still Unhappy on ArcelorMittal's Offer
Macarthur Coal board has told shareholders to accept the takeover bid by ArcelorMittal and Peabody Energy (PEAMCoal), but has again hinted that a better alternative bid might happen.
The Economy: Still Mixed, But The Investment Boom Powers On
As we once again approach a monthly Reserve Bank board meeting, the Australian economy is not providing any guidance for the central bank, or individuals.
Deals: Cash Converters' US Deal Falls Apart
Shares in Cash Converters, the Australian pawnshop and short term lending business, fell 3% yesterday after a deal by its largest shareholder to take control collapsed.
Uranium Finds Support
By Greg PeelThe week before last saw industry consultant TradeTech's spot price indicator for uranium fall to US$48.
$A Plummets Amidst Debt Crises in Europe
The Australian dollar suffered at early morning trade treading the range of 105.52 to 105.60 cents path against the U.S. dollar but is expected to trade higher by mid-day in anticipation of the RBA meeting to deliberate on the cash rate on Tuesday afternoon.
The Overnight Report: Europe Trashed
By Greg PeelThe German coalition government lost another regional election over the weekend in Angela Merkel's home province of Mecklenburg-Vorpommern.
Australian Stock Market - Morning Report 09/06/2011
US financial markets were closed on Monday for the Labor Day holiday. On Friday the Dow Jones fell by 253pts or 2.2pct with the S&P 500 down by 2.5pct and the Nasdaq lost 65.7pts or 2.6pct. Over the week the Dow fell by 0.4pct and the S&P 500 lost 0.2pct while the Nasdaq was largely flat.
Australia's Retailers Must Be Exempt from Weekend Penalty Fees
Australia's Retailers Association's executive director Russell Zimmerman, has appealed for the abolition of paying employees time-and-a-half on Saturdays and double-time on Sundays, to maintain the industry's competitiveness amidst the backdrop of a low consumer spending environment in the country.
Online Stores Complain of Bullying by Large Retailers
Smaller online stores in Australia are complaining of bullying tactics adopted by retailers, according to online giant eBay which submitted an inquiry with the Productivity Commission (PC).
Paladin Disappoints
- Paladin result falls short of expectations- Net debt increasing, cash on hand also fell- Corporate appeal a positive- Opinions on Paladin remain dividedBy Chris ShawUranium producer Paladin has disappointed the market with full year earnings, reporting a larger than expected loss for FY11 of US$82...
Dates: Some Big Events And Data Releases, Carefully Watch Europe
While August was a rough month for stockmarkets, investors and governments in Europe, Japan and the US, the coming week is shaping up as a nasty replay and reminder of that instability with Australia, Europe and the US are each facing a major test of sentiment.
DIARY: Central Banks Here And Offshore, Aust. Growth
A flood of important data, meetings, decisions and announcements this week, mostly political and economic in Australia, China, the US and Europe.
Some Predictions For The Rest Of The Decade
By Michael PettisMarkets have been crazy this month, but rather than try to wade through all the news, much of which doesn't seem to have much informational content, I thought I would duck out altogether and instead make a list of things I expect will happen over the next several years.
QE3: A world away from QE2
By Kathleen Brooks, Research Director UK EMEA, FOREX.comI think the markets have made up their mind: QE3 isn't going to be as fun as QE2.
Australian Stock Market - Morning Report 09/05/2011
US non-farm payrolls (employment) were unchanged in August, well below forecasts for a 70,000 lift in jobs. Private payrolls rose by 17,000 and hourly earnings fell by 0.1pct. But the household survey showed a 331,000 lift in jobs and the unemployment rate was unchanged at 9.1pct.
Global Markets Overview 09/05/2011
Investors dumped stocks and sent Treasury yields to record lows Friday as a dismal jobs report renewed fears of a recession.
Your Editor On Twitter
By Rudi Filapek-Vandyck, Editor FNArenaI joined Twitter. Not because I am curious what this celebrity has to say about her kids, or to read that another one is waiting for a connecting flight, impatiently.
China's Soon to be Home to World’s Millionaires
Half of the wealthiest people in Asia will be from China by 2015, shows the latest Julius Baer Group and CLSA Asia Pacific Markets study published on Aug. 31.
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