The technology sector led U.S. stocks lower Monday as an analyst downgrade weighed on the sector while investors continued to fret over the potential impact of rising oil prices.
US consumer credit surged by $5.01 billion in January, well ahead of analyst expectations and marked the fourth straight monthly gain.
Up to yesterday it had been a tough six weeks or so for Salmat, the call centre and direct mail group.The shares peaked at their 12 month high of $4.98 in late January, but it has been all downhill since then.The company has produced an interim profit which disappointed, with the shares down 3.5% on the day of its release in late February.At the time the company said it was still confident of maki...
Australian mining firm Cape Alumina (ASX: CBU) has announced the good results and drilling potential in its Bauxite Hills mines.
Driving and facebook can be done at the same time thanks to the next generation of luxury cars from Mercedes Benz, Audi, Land Rover, and Volkswagen, you would not be missing out on your social networking or emails while on a road trip.
The Australian sharemarket has wiped out all last week's modest gains after just a few hours of trade this morning.
The Australian Dollar opens up trading this morning in the mid 1.0100’s after the release of jobs data in the US on Friday which was close to expectations.
- Mesoblast is a leader in adult stem cell technology - Sector set for strong growth given interest from Big Pharma - Partner agreement with Cephalon provides funding for trials - Southern Cross Upgrades to Buy from Spec Buy By Chris ShawMesoblast ((MSB)) is an Australian biotech involved in the development of adult stem cell technology, which involves extracting bone marrow from donors, growing i...
(This story was originally published on Wednesday, 2nd March 2011. It has now been re-published to make it available to non-paying members at FNArena and to readers elsewhere).- Investors thinking this is but a temporary oil problem because of Libya are in for a rude awakening- Public debate is raging about what the Fed will decide if QE2 expires in June- Chinese economy is slowing and we might se...
- Genetically engineered organisms can potentially make the US energy independent within ten years- Joule Unlimited, not listed at this stage, is one pioneer in the field, and confident By Steve McDonald, Investment U Analyst Friday, March 4, 2011A genetically engineered organism that could make us energy independent? Joule Unlimited has invented one, which literally secretes diesel fuel and ethan...
(This story was originally published on Wednesday, 2nd March 2011. It has now been re-published to make it available to non-paying members at FNArena and to readers elsewhere).- Investors thinking this is but a temporary oil problem because of Libya are in for a rude awakening- Public debate is raging about what the Fed will decide if QE2 expires in June- Chinese economy is slowing and we might se...
- Genetically engineered organisms can potentially make the US energy independent within ten years- Joule Unlimited, not listed at this stage, is one pioneer in the field, and confident By Steve McDonald, Investment U Analyst Friday, March 4, 2011A genetically engineered organism that could make us energy independent? Joule Unlimited has invented one, which literally secretes diesel fuel and ethan...
After much caution on Friday ahead of key US jobs data, the Australian Dollar opens the new week little-changed at 1.0126.
Worries about the potential impact of oil's climb above $100 a barrel sent U.S. stocks lower Friday, but came short of wiping out gains recorded earlier in the week.
US non-farm payrolls (employment) rose by 192,000 in February, slightly above expectations for a gain of 185,000. But the unemployment rate fell from 9.0pct to a 2-year low of 8.9pct - below forecasts centred on a result near 9.1pct.
Watch oil, gold and the value of the US dollar this week as fighting worsens in Libya, unrest spreads through the rest of the region and a major protest which may hit Saudi Arabia on Friday night, our time.The surge in oil prices on Friday helped gold go higher and hurt the US dollar which had already been weakened by the emergence of a probable rate rise in Europe next month.Global prices ended a...
Australian jobs, Chinese economic data for last month, a Kiwi rate decision and US retail sales, not to mention oil and the worsening unrest in Libya.The situation could worsen on Friday night with a day of rage called for Saudi Arabia, the world's biggest oil supplier. That will worry markets.Friday night's jobs report for the US last month was OK, not brilliant, so what will Australia&...
TOKYO, JAPAN - More effective and efficient institutions are needed to complement Asia's market-driven regional integration and to manage the challenges of Asia's expanding role in the global economy, says a new joint study of the Asian Development Bank (ADB) and the Asian Development Bank Institute (ADBI).
Unleaded fuel prices are expected to approach 150 cpl in Brisbane this Sunday, as average ULP prices reach record highs in 2011, a motoring organisation has warned.
By Greg PeelOne unfortunate soul at the end of his tether self-immolates in protest in Tunis and the next thing we know a modern-day collapse of the Berlin Wall is underway. A butterfly flapped its wings. Chaos ensued.Let's rattle off the list: Morocco, Tunisia, Algeria, Libya, Egypt, Jordan, Yemen, Oman, Bahrain, Iraq and Iran, with Saudi Arabia adopting preemptive concessions. That's pretty much...
By Greg PeelThe Dow rose 191 or 1.6% while the S&P gained 1.7% to 1330 and the Nasdaq jumped 1.8%.I suggested yesterday that trading on Wall Street had become a day to day proposition, with newsflow from abroad competing with economic data at home. Last night's session fell exactly into that mould as pent up demand for stocks was unleashed on, unusually, a day before a jobs report.It has been deve...
The Australian dollar has opened slightly weaker this morning after the release of stronger than expected US data overnight.
Australian Building Approvals fell by 15.9% for the month of January and our Trade Balance narrowed it was revealed yesterday.
The Australian sharemarket proved resilient to a steady stream of negative news from the Middle East, closing flat on solid performances from resources and healthcare sectors.
US ICSC comparable chain store sales rose 4.2pct in February from a year earlier. Luxury retailers were the standout performer with sales up 10.1pct on a year ago. US initial jobless claims fell by 20,000 to 368,000 in the past week - a 2½-year low.
So will tonight be the night that marks the rebirth of the depressed American jobs market?That's when the US jobs and unemployment figures for February will be released.Economists are once again saying that from 160,000 to over 200,000 jobs could be created.The jobless rate fell to 9% in January as the number of new jobs was less than expected, but that was put down to the impact of the snow ...
Integrated forestry company Gunns Ltd (ASX: GNS) says the Federal Government had extended, by one week, the process for final environmental approvals under the EPBC Act for the proposed Bell Bay pulp mill. The deadline for approval has been extended to 10 March 2011.
ASX Group Ltd is set to lose its two-decade monopoly later this year. The corporate regulator on Thursday announced its timetable for the introduction of market competition in Australia.
A rebound in retail sales growth helped ease the pace of decline in the services sector in February.
UK-based software application provider App-DNA has established a new regional office in Sydney, NSW, and a research and development centre in Perth, WA, to take advantage of the opportunities available in the Australian market.
