MARKETS

Australian Stock Market Report – Afternoon 3-26-13

Local stocks fell back into the red today, after the Dutch Finance Minister spooked investor sentiment claiming the Eurozone bailout for Cyprus could establish a template for other EU nations needing financial rescue. He then tried to backtrack, saying each case would be dealt with on a merit basis, but the damage was done with US markets closing lower.

Australian Stock Market Report – Midday 3-26-13

Global markets have seen volatile trade in the last 24 hours. European stock indices rose in the early part of their session as investors celebrate the announcement of a Cypriot bailout. The celebrations were short lived. Market turned south after Eurogroup Chairman Dijsselbloem suggested that the Cypriot deal should be used as a template for future Eurozone bank "bail-ins". Previously rhetoric from officials had made the point that the Cypriot measures, particularly around depositors, wer...

Too Early To Give Up On Big Asia

By Andrew NelsonThe focus has started to shift from Asia to the US as the hoped for driver of economic momentum, but Asia is by no means dead yet.

Uranium Steady But Subdued

By Greg PeelThe only nuclear reactors operating in Japan today are units 3 and 4 at Ohi. They restarted generation in June last year a following the government's reassessment of its nuclear power industry but preceding the establishment of a new Nuclear Regulatory Authority in the country.
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"Got Milk" Campaign a Fraud - 10 Better Sources of Calcium

The dairy industry advertises pasteurized milk as the giver of strong bones and teeth. This can be observed by watching the numerous "Got Milk" commercials on the television. As celebrities show off their white mustaches, parents and their children are led to believe that pasteurized milk makes them strong and athletic.

Japan Discovers Rare Earths Deposits at Minami Tori Shima Island 20 Times More Concentrated than China’s

The Japan Agency for Marine-Earth Science and Technology and the University of Tokyo reported over the weekend the discovery of a large deposit of rare earths at the Minami Tori Shima Island on the easternmost part of the country. The deposit is reportedly 20 to 30 times more concentrated than rare earths deposits in China, which has the potential of breaking Beijing's monopoly of those types of resources.

Australian Stock Market Report – Afternoon 3-22-13

The Australian sharemarket managed to improve modestly for the first time this week, with the All Ordinaries Index (XAO) rising by just 0.1 per cent. Despite the gains, local shares slumped by 2.9 per cent over the past five sessions. Weakness from the miners continues to be a drag on trade, with iron ore prices slumping by around 15 per cent in just a month. The moves by BHP Billiton, Rio Tinto and Fortescue are quite closely correlated to iron ore price moves in general.

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.

Blame The Federal Reserve, not the Human Heart

Americans today live like there's no tomorrow. You can see this in the data regarding retirement. People behave like they will never retire, and the prophecy is self-fulfilling. Under these conditions, they won't.

The Global Recovery Is Really Underway

-The US to drive the global recovery- Europe to improve- China to firm- Italy not that big a riskBy Andrew NelsonThe global economy is finally on the road to full recovery, with positive conditions only accelerating over the years ahead.

Australian Stock Market Report – Afternoon 3-21-13

Despite creeping into positive territory at times, the Australian market fell once again, with the All Ordinaries Index slipping 0.1 per cent to 4976.8. So far, this has been the biggest weekly pullback for the local market in 10 months, when the All Ords lost 5.62 per cent in just five days.

A Weak Signal for the Iron Ore Market

The market may be 'primed' for a fall from a technical or charting perspective, but yesterday's move was, not surprisingly, driven by central banks. Although this time Ben Bernanke wasn't involved...not directly anyway.

Drug Giant AstraZeneca to Slash 1,600 Jobs

AstraZeneca PLC, the global pharmaceutical giant and the UK's second biggest drug company, informed that it planned to restructure itself by introducing downsizing program and reorganizing its global research and development operations.

BBC Worldwide is to Get Rid of Lonely Planet for £50m

At last, BBC Worldwide, the entertainment company, informed that after all it sold its Lonely Planet to NC2 Media for slightly over £50 million. Fortunately for Lonely Planet, it is now in hands of US-based NC2 Media which has plans what to do with it and how to run it to make it even more successful.

Sharp Informs About Delay in Qualcomm Investment

Sharp Corp., well known Japan's electronics maker, informed that a second investment from US chipmaker Qualcomm Inc. encountered some difficulties and therefore it was delayed. The delay in Qualcomm investment in Sharp was mainly driven by the inability of meeting terms of the original accord. Certainly, the setback will have an impact on Sharp Corp. which has been struggling to restore its balance sheet.

Aussie Milk Producers Suffer Due to Price War Amid Soaring Global Prices

Australian dairy farmers are crying, not over spilt milk, but over lost income as they continue to be caught in the price war between supermarket giants Woolworths and Coles. Thus, while prices of milk in the international market soar due to the drought that hit neighbor New Zealand, the $1 per litre price tag at groceries continues to hurt their pockets and caused some farms to close.

David Jones Transforming But Going Where?

-Focus on margin expansion-But at the expense of sales growth?-Broker sentiment divided on turnaroundBy Eva BrocklehurstDavid Jones ((DJS)) is transforming.

Australian Stock Market Report – Afternoon 3-20-13

The lack of resolution in relation to the Cypriot bailout remained the main influence on regional markets on Wednesday. The Cypriot parliament has voted against levy on bank deposits by a margin of 36 to 0 with 19 members abstaining. Eurozone officials remain defiant that Cyprus must contribute to its rescue.

Indonesia Considers Opening a Cattle Farm in Australia

To meet Indonesia's target to become self sufficient in its beef meat requirement by 2014, Jakarta said it is considering running a cattle breeding farm in Australia. The Indonesian government pointed to lower production cost as the reason behind the plan.

Australian Stock Market Report – Midday 3-20-13

The Australian sharemarket is falling for the third straight day, taking the losses for the week to almost 3 per cent. The All Ordinaries Index (XAO) down 0.74 per cent and has slipped below the key 5000.0 point level for the first time this month.

Goldman Reports Spark Rio Confusion

By Greg PeelLast night Goldman Sachs global stock analysts in London downgraded iron ore producers BHP Billiton ((BHP)) to Neutral from Buy and Rio Tinto ((RIO)) to Conviction Sell from Neutral.

It’s Goodbye Lonely Planet for BBC

BBC Worldwide announced on Tuesday the sale of Lonely Planet, its travel guide business, for $75 million. The American company, NC2 Media, is the buyer.

The Overnight Report: Rethink

By Greg PeelThe Dow closed up 3 points, while the S&P lost 0.2% to 1548 and the Nasdaq dropped 0.3%.The Cypriote parliament last night voted to reject the eurozone proposal for a bail-out involving a levy on deposits, large and small.

Australian Stock Market Report – Afternoon 3-19-13

Local shares were up by as much as 0.84 per cent after a few hours of trade, however steadily declined from midday onwards. The All Ordinaries Index (XAO) slipped by 0.46 per cent and has slumped by 2.5 per cent in just two sessions due to concerns relating to the Eurozone's third smallest economy, Cyprus.

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