Global Markets Overview - 06/28/2012
Investors pushed stocks to a second consecutive day of gains as a rise in oil prices and positive readings on the U.S. housing sector lifted sentiment ahead of a two-day European summit meeting.
Australian Dollar Outlook - 06/28/2012
Bell FX Currency Outlook: The Australian Dollar is slightly higher this morning, currently trading at USD1.0080 ahead of another two day European summit.
China’s CNPC Gets OK to Construct LNG Storage in Hainan
China National Petroleum Corp (CNPC), the country's biggest oil and gas producer, has been granted the go-ahead to construct a $133.6 million worth liquefied natural gas (LNG) storage terminal project on Hainan island.
Australian Stock Market Report – Afternoon 6/27/2012
We all know that time apart makes the heart grow fonder. Based on this thinking, investors should have celebrated today due to markets improving for the first time in five trading days. The mining sector lost a little ground, however all other regions of the market recorded at least modest gains. The All Ordinaries Index (XAO) ended 0.7 pct or 27.7 pts in the back to 4084.
More news
Xstrata, Glencore Mega-Merger Shelved for Good or Waiting for Right Time?
Will the much-hyped, industry shaping $65 billion mega-merger between commodities trader Glencore International Plc and blue-chip miner Xstrata Plc, what with the investor retaliation over the planned retention payments for Xstrata Plc executives, ever push through? Or will it just remain forever floating in oblivion in a project that can be described as what could have been?
Canada's First Heavy Rare Earths Oxides Come From Quebec Deposit
Canadian company Orbite Aluminae Inc. announced on Tuesday it has successfully extracted the first commercial samples of heavy rare earth oxides and scandium from its aluminous clay deposit at its Grande-Vallee property in Quebec, aided by the use of its patented heavy rare earth and rare-metal extraction and separation technology.
Opposition Tap Small Businesses in Campaign Vs Carbon Tax
With less than a week before the Gillard government starts the collection of the $23-per tonne carbon tax, the Opposition is using all means to discredit the tax. The Coalition strategies include tapping small Australian businesses to post fliers that apologises to customers for hiking their prices on account of the carbon tax.
FBI Nabs 24 Credit Card Hackers, Prevents Theft of $200M+
U.S. authorities announced on Tuesday the arrest of 24 suspected hackers tagged by the Federal Bureau of Investigation (FBI) as responsible for the pilferage of credit cards and bank accounts information from Asia, Australia, Europe and the United States.
Australian Dollar Outlook - 06/27/2012
Bell FX Currency Outlook: The Australian Dollar is
trading slightly higher this morning on renewed
thoughts the RBA will leave the cash rate on hold at its
meeting on July 3 and that the Australian economy, in
general, is holding up in the face of Europe's woes.
Global Markets Overview - 06/27/2012
Consumer discretionary and energy shares led a modest rebound in U.S. stocks after data showed home prices fell less than expected in April. The Dow Jones Industrial Average climbed 32.01 points, or 0.3%, to 12534.67.
Global Oil Demand to Rise 0.9% to o 109.5 Million Barrels Per Day by 2035 – EIA
Global demand for liquid-fuel, such as oil, condensates, and natural gas liquids, has been forecast to grow 0.9 per cent between 2010 and 2035, to 109.5 million barrels a day, the US Energy Information Administration said Monday in a published report titled 'Annual Energy Outlook (AEO) for 2012.'
50 Jobs At Stake As Ivanhoe Australia Restrategizes To Save Costs
At least 50 jobs of varied nature stand to get affected in the recently concluded strategic business review of Ivanhoe Australia Ltd., which it conducted to cut costs and generate savings for the company.
Study: Carbon Pricing Gains Slight Traction among Aussie Business Leaders
Unlike the Coalition, Australian business operators firmly believe that the country's carbon pricing will remain in place despite vows by Opposition Leader Tony Abbott that he will repeal the tax if he wins government power in 2013.
Report: Clive Palmer Quarrels with Tony Abbott over Liberal Party Policies
Mining magnate Clive Palmer reportedly clashed with Opposition Leader Tony Abbott last week over policy differences within the Liberal Party, reports said.
Australian Stock Market Report – Midday 6/26/2012
Yesterday the local market closed lower, The All Ordinaries Index (XAO) lost 22 points to 4,072points.
Australia Senate Report Pushes for Approval of Gay Marriages
The Australian Senate recommended on late Monday amendments to the country's Marriage Act that will pave the way for the legalisation of gay marriages, which both the Government and the Coalition have been opposing vehemently.
Hastie Group: 35 Jobs Saved Following Sale
Some 35 jobs have been saved from the latest sale of two businesses, along with a number of assets, which belonged to collapsed Australian engineering firm Hastie Group.
Tony Abbott: No Compelling Reason to Discuss Boat People Affair with PM Gillard
Liberal senior member Ian Macfarlane is a firm believer of Opposition Leader Tony Abbott, who has come under fire this week for apparently playing deaf and blind over the plight of boat people seeking refuge in Australia.
Australian Dollar Outlook - 06/26/2012
Bell FX Currency Outlook: The Australian Dollar dipped
below Parity last night (a "reverse" Parity party) as
headlines started to emerge ahead of this week's EU
summit as clear signs are yet to emerge the global
industrial cycle has bottomed and a lack of policy clarity
from the euro area being evident.
60% of 79,200 Submissions Received by Senate Committee Favour Same-Sex Marriage
Majority of submissions to a Senate committee that investigated marriage equality are in favour of a legislation that would permit gay couples to marry. Almost 60 per cent or 46,000 submissions that the committee received backed the legalisation of same-sex union.
Gold Losing to Diamonds in India
Jewellery investors in India are turning their focus on diamonds, shying away from gold as prices of the safe haven yellow metal continue to outrule the rupee.
Woman Behind Military Mom's Breastfeeding Photo Campaign Fired from her Job
The woman behind a recent controversial photo shoot depicting a pair of female Air Force enlisted personnel breastfeeding their infants in uniform has been fired from her civilian job as an X-ray technician, though the company - naturally - says the divisive shoot had nothing to do with it.
Treasurer Swan: Free Fruit, Water Will Continue to Welcome School Kids' Tour on Parliament
Federal Treasurer Wayne Swan denied on Monday that free bottled waters and fruits will be withheld soon from school children visiting the Parliament as part of his office's cost-cutting measures in running the federal institution.
Chinese Tourists Help Sustain Auckland Airport’s Arrival Statistics
Amid the decline of incoming international passengers, the influx of Chinese tourists at the Auckland International Airport has grown 44.4 per cent in May to 12,443 individuals.
Weather Foul Up Leads to Poor Australian Gold Production
Australia's production of the safe haven yellow metal gold continued to decelerate in the third quarter, spurred largely by the wet weather conditions.
UBS Report: MRRT Revenues Seen to Fall Short More than 50%
Receding profits by mining giants would lead to lower revenues for the controversial mining tax, which takes effect July 1 and has been projected by Federal Treasurer Wayne Swan to rake in for the federal government more than $13 billion over the next four years.
Liberal Party Opens to Nominees Seat Left Vacant by Shoplifting Senator
The sudden resignation of Liberal Senator Mary-Jo Fisher on Thursday over her second implication in shoplifting would not leave a void in the Senate. The party's State Council is scheduled to meet on Tuesday, July 27, to discuss a possible replacement for the legislator diagnosed with mental ailment.
Canberra Reveals Fresh Sanctions against Syria, Calls on Moscow to Spearhead Removal of Syrian President
Australia has stepped up its efforts to pressure the Syrian government into initiating an end on the 15-month conflict that has been ravaging the Middle Eastern nation, which international observers said already killed thousands of innocent civilians.
Australia’s Gas Boom Very Good for Economy, But Brace for Labor Shortage
Australia is set to ride on a massive natural gas boom that will surely propel the nation to a new level of economic heights, but it ought to drumbeat its labor supply as early as now to aid this development.
Australia’s Forecast Earnings from Planned Mining Tax Less Than Expected – UBS
Reality bites. With commodity prices taking a continued beating owing to the massive slowing global economic growth, investment bank UBS AG said it is impossible for Australia to generate the forecast earnings from its planned Mineral Resources Rent Tax (MRRT) in the next two years.
Australian Stock Market Report – Midday 6/25/2012
The Australian share market lost ground on Friday, with the All Ordinaries Index (XAO) falling 1% or 40 points.
Australian Dollar Outlook - 06/25/2012
Bell FX Currency Outlook: After all the volatility of the last week or so the Australian Dollar starts the week over parity after fairly benign announcements on Friday.
Global Markets Overview - 06/25/2012
A rebound by banks and health-care shares helped push blue chips higher, although not enough to help them avoid a losing week. The Dow Jones Industrial Average rose 67.21 points, or 0.5%, to 12640.78, Friday.
Australian Stock Market Report – Afternoon 6/22/2012
The Australian sharemarket lost ground today for the third time this week, with the All Ordinaries Index (XAO) falling 1 pct or 39.9 pts to 4093.8. Despite today's slump, the Aussie market has actually only eased by 0.32 pct over the past five days thanks to a strong performance on Monday.
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