More embarrassing leaks of Hope Welker's broken personal life came out on Monday amid reports that financial hardship caused the second youngest daughter of Australia's richest person, Gina Rinehart, to drop the lawsuit she filed against her mother in 2012.
Aussie market hit by weak metals and dividend payments. US markets were hit by lacklustre trading as investors waited to see what would happen to the planned spending cuts in the US. By the close Wall Street closed slightly higher boosted by better than expected economic data and end of week buying. European Market hit by falls in key banking stocks and the news Eurozone unemployment had hit 11.9% in January.
On the 28th of February, Rio Tinto Plc informed that Chris Lynch, a former BHP Billiton Ltd. executive, was named its new chief financial officer. Chris Lynch will replace the much-respected and committed employee Guy Elliot who informed about his intention to step down back in July 2012.
Even though many years have passed since Frank Sinatra's song New York, New York had its debut, its verses are still actual. Certainly, New York can be described with many words but homogenous. The city, which seems to be magical as it lures businessmen, tourists and those who want to just simply live there, is full of opportunities also for business.
The Australian dollar has started the day's trade above 1.0400 after a brief dip on Friday night into the high 1.0300's.
Friday night saw both the Dow and the S&P 500 finish in the green, with the Dow rising to its highest level in five years.
The US ISM manufacturing index rose from 53.1 to a 20-month high of 54.2 in February, ahead of forecasts for a result near 52.5. US construction spending fell 2.1pct in January. Consumer sentiment rose from 76.3 to 77.6 in February. US vehicle sales rose from 15.23 million to 15.38m in February, above forecasts. US personal income slumped 3.6pct in January (forecast -2.2pct) but consumption rose 0.2pct.
Gina Rinehart, Australia's richest person and once the world's richest woman, may have lost last week the Rhodes Ridge iron ore mine to Wright Prospecting, but over the weekend she won a more important battle.
The local share market battled calendar headwinds today stemming from the end of week and the start of a new month. The ASX200 fell 0.35 per cent to 5086; the All Ordinaries index slipped 0.38 per cent to 5100.9 points. A consistent theme for the local market this year has been the willingness of investors to support the market in the face of weakness. This remained the case on Friday. Almost $6 billion shares were traded during the session. There were just over 2 billion transactions, 416 stock...
The Hurun Report has released its Global Rich List 2013 where it stated that most of the world's top billionaires are found in Asia.
The Australian sharemarket is pulling back for the second time this week, with the All Ordinaries Index (XAO) down 0.4 per cent or 18.4 pts to 5102.0. The market has been losing ground for much of the morning ahead of two important economic reports out of China. The official government report out at 12pm (AEDT) was worse than expected and came in at 50.1. This is a sign of only modest expansion whereas the market was expecting a reading of 50.5.
Now that Joseph Aloisius Ratzinger has formally relinquished his papal duties as the 265th pope, all focus is now on who will emerge the 266th pope of the Roman Catholic Church. The anticipation is not only felt by believers of the faith but also by punters who aim to earn cash as the stakes go higher and higher at online betting forums.
By Andrew NelsonIf China ever had an economic golden age, it was the 2000s. The poor moved to the cities, the cities sprung up like grass, the infrastructure reached many that were left in the hinterlands, millions were lifted out of virtual serfdom and per-capita GDP just about quadrupled.
By Peter Switzer, Switzer Super ReportWas Friday's market comeback of 38 points, after the 2.3% loss on Thursday, one of those sucker's rallies? Are we ripe for a pullback and is the US expert Dennis Gartman right when he tips a 7% slump in stocks is on the cards?Right now I am as popular ...
By Greg PeelThe Dow closed down 20 points, or 0.2%, while the S&P lost 0.1% to 1514 and the Nasdaq dropped 0.
The analyst principally responsible for the production of this research report is: Howard Humphreys, Director & Lead Research Analyst, Seismic ResearchAsian stocks mixed ahead of U.
The tone of global investment markets has continued to improve in the last day. Concern about the Italian political landscape has continued to ease. Investor support at an Italian bond auction overnight led to a better atmosphere amongst European participants.In the US, figures released continued to paint an encouraging picture of the US housing market with pending home sales rising 4.5% last month compared to an expected increase of 1.0%
Hancock Prospecting would likely appeal a Wednesday court decision in favour of Wright Prospecting over shares of the disputed Rhodes Ridge iron ore project.
The local sharemarket has opened higher today after upbeat economic data in the US lifted investor sentiment and better than expected bond auctions in Italy saw European markets rebound. At noon, the All Ordinaries Index (XAO) is up 34.6pts to 5087.7pts.
The lawyer of Samsung questioned on Wednesday if the technological features of devices that describe human-to-computer interaction could be the subject of a patent.
By Mike Kapsch, Investment U ResearchThursday, February 14, 2013It's no secret uranium prices have plummeted since the Great Recession and Japan's Fukushima disaster.
By Jonathan BarrattWe have seen a break below US95.70 (West Texas Intermediate) from two weeks ago and this has culminated in a move lower for the commodity.
By Greg PeelThe Dow closed up 175 points, or 1.3% to 14,075, while the S&P gained 1.3% to 1515 and the Nasdaq added 1.
EADS reported a huge plunge in its full year profits and revenues for the year 2012 as sales were driven by increased deliveries at its Airbus division.
-Solid interim result-Competitor beat in retail-Limited discounting a plus-Loy Yang A robust contributionBy Eva BrocklehurstBrokers gave AGL Energy ((AGK)) the thumbs up after the interim results.
At the close of local trade the ASX200 had gained 0.66 per cent to 5036, the All Ordinaries index had gained 0.62 per cent to 5033. Value remained strong, there were 2.1 bln transactions which gave rise to $4.5bln shares changing hands. 529 stocks ended the day higher, 454 ended in the red and 381 were unchanged.
The Australian share market has rebounded from yesterday's drop triggered by concerns over Italy's political gridlock. Positive US economic data and assurances by the Fed chairman has given the local market a lift. By midday, the All Ordinaries index (XAO) is up 0.52pct or 25.9pts to 5047.7pts.
Because of the poor financial performance of Virgin Australia, the air carrier has made an about face on its plan to expand the Tiger fleet under its planned buy-out of the budget airline.
By Michael Noonan, Edge Trader PlusMarket activity rules! It is the basis for understanding the motivation for all moves, up or down.
By Greg PeelThe Dow rose 115 points, or 0.8%, while the S&P gained 0.6% to 1496 and the Nasdaq added 0.
