The Australian Securities & Investments Commission (ASIC) has criticised the poor quality of advice that Australian financial planners have given to clients.
Vittorio Hernandez
Jan 25, 2012
It’s that day of the year again – Australia Day – when people come together and celebrate what makes Australia and being Australian great. Reflecting on what each and every Aussie has achieved and can be proud of, ultimately, it’s time to celebrate. And what better way of spending the day than to celebrate and have fun with loved ones safely?
Jan 25, 2012
Australia announced on Tuesday that it will support the new economic sanctions passed by the European Union against Iran, calling member nations and other countries to stop trading with Iran.
Erik Pineda
Jan 25, 2012
For every cause there is an effect. For every action there is typically a reaction. Such is India's dilemma over its steel making production which could be potentially disturbed by its iron ore supply shortage problem.
Esther Tanquintic-Misa
Jan 25, 2012
The Australian sharemarket is gaining for the first time this week, with the All Ordinaries index up 0.7 pct or 28.9 pts to 4315.3. The question remains if we can hold onto these gains for the whole session.
Vittorio Hernandez
Jan 25, 2012
Former Australian Treasurer Peter Costello warned on Tuesday that because of four years of bad budget under a Labor government Australia is at the risk of taking the same road as Europe which has led to a sovereign debt crisis.
Vittorio Hernandez
Jan 25, 2012
A week after the World Bank cut its global growth forecast for 2012 and 2013 due to the worsening eurozone sovereign debt crisis, the International Monetary Fund (IMF) followed and made its own downgrade.
Vittorio Hernandez
Jan 25, 2012
The Australian Stock Market has recorded early morning gains as of 10: 16 AM, the benchmark The benchmark S&P/ASX200 index is up 22.6 points, or 0.5 per cent, at 4309, while the broader All Ordinaries index is up 23.5 points, or 0.6 per cent, at 4247.7. Analysts are optimistic of the day's trading, sharing new leads and market insights.
Christine Gaylican
Jan 25, 2012
Bell FX Currency Outlook:
Having reached a 3 month high the previous evening, the Australian Dollar has retraced 1 US cent overnight as the markets reacted to ongoing negotiations between Greece and its private creditors as well as IMF warnings on the European crisis.
Christine Gaylican
Jan 25, 2012
Stocks declined, as investors eyed a standoff in Greece's debt-reduction talks and mixed quarterly earnings from a basket of major companies. The Dow Jones Industrial Average was down 39 points, or 0.3%, at 12669 in recent afternoon trading, on pace to post its second consecutive decline for the first time in nearly three weeks.
Christine Gaylican
Jan 25, 2012
Despite the market trading in positive territory for much of the session, shares pulled back in late trade to end largely flat. The All Ordinaries index (XAO) only fell by 1.2 pts to 4286.4. The energy sector rose by around 0.5 pct while the financials edged higher by 0.2 pct.
Vittorio Hernandez
Jan 24, 2012
Vancouver, British-Columbia-based gold producer B2Gold Corp. has announced its fourth quarter gold production jumped to 38,808 ounces, compared 37,000 ounces a year ago, prompting the Canadian miner to forecast higher output for 2012.
Esther Tanquintic-Misa
Jan 24, 2012
Opposition Leader Tony Abbott has reiterated this week his view that sending refugee boats to Indonesia is the best way to deal with asylum seekers wishing to reach Australian shores.
Erik Pineda
Jan 24, 2012
Extreme weather conditions in September that brought about heavy rains in areas surrounding its mines had slashed by 20 percent the gold production of Newcrest Mining Ltd., the country's largest gold mining company.
Esther Tanquintic-Misa
Jan 24, 2012
China's deepening appetite to buy and horde gold certainly has a reason, maybe even a lot, that more than meets the naked eye.
Esther Tanquintic-Misa
Jan 24, 2012
Analysts said on Tuesday that chance are higher that the Reserve Bank of Australia (RBA) will cut the overnight cash rate based on result of the Producer Price Index (PPI), not so much on the European sovereign debt crisis.
Vittorio Hernandez
Jan 24, 2012
Despite a disappointing start to the week yesterday, the All Ordinaries index (XAO) is up 0.4 pct to 18.3 pts to 4305.9 with most sectors trading higher. The traditionally defensive healthcare sector is one of the worst performing areas of the market with the S&P/ASX 200 Healthcare index down 0.44 pct or 34.6 pts to 7857.1.
Vittorio Hernandez
Jan 24, 2012
Prime Minister Julia Gillard could be forced out of office base on her previous links to the alleged wrongdoing committed by New South Wales MP Craig Thomson.
Erik Pineda
Jan 24, 2012
From Morrison Securities Pty. Ltd.:
U.S. stocks edged lower, jeopardizing the Dow's four-session climb, as investors mulled the sustainability of this year's rally and watched Europe for developments connected to the region's ongoing debt issues.The Dow Jones Industrial Average fell 18.21 points, or 0.1%, to 12702 in afternoon trading.
Christine Gaylican
Jan 24, 2012
Bell FX Currency Outlook:The AUD has risen to a 3 month high overnight, hitting USD 1.0570, as renewed optimism out of the European region sees an increase in demand for the riskier AUD.
Christine Gaylican
Jan 24, 2012
The coming Chinese New Year is the Year of the Dragon, also known to others as the 'Black Dragon' or 'Water Dragon.'
Jan 23, 2012
After three straight weeks of gains, the Australian sharemarket has kicked off the new trading week in the red. The All Ordinaries index (XAO) fell by 0.4 pct or 15.4 pts to 4287.6. The industrial and utility sectors managed to rise slightly but all other regions of the market ended the day in the red.
Vittorio Hernandez
Jan 23, 2012
Come March, exactly a year after the country yielded to the debilitating 9.0 earthquake and tsunami, ultimately rendering the worst nuclear power plant meltdown the world has seen in 25 years, Japan will most likely announce a new set of options for its energy mix. One, presumably, that is not focused on nuclear power alone.
Esther Tanquintic-Misa
Jan 23, 2012
Newmont Mining has yet to commence its Hope Bay operations in Canada, but it is now bullish to expand within the mine area and tap new reserves within the area.
Esther Tanquintic-Misa
Jan 23, 2012
Prime Minister Julia Gillard has maintained that turning down the proposed gambling reform bill espoused by Tasmanian MP Andrew Wilkie was the right thing to do at this time, despite the latter's decision to cut ties with the Labor-led government.
Erik Pineda
Jan 23, 2012
The Australian sharemarket is losing ground for only the second time in five sessions, with the All Ordinaries index (XAO) down by a modest 0.2 pct or 8.8 pts to 4294.2. The mining and financial sectors are lower which is dragging the rest of the market into the red. Both sectors combined make up more than 60 pct of the XAO.
Vittorio Hernandez
Jan 23, 2012
The Atomic Minerals Directorate (AMD) for Exploration and Research of India has expanded its exploration activities to include rare earth metals, especially niobium and tantalum, in central India, particularly in the Satpuda-Gondwana formations in the Sarguja belt.
Esther Tanquintic-Misa
Jan 23, 2012
India's Essar Group announced it will divert some of its coal from one of its Indonesian mines to help the world's third-largest economy cope with its fluctuating power supply brought about by acute coal shortages.
Esther Tanquintic-Misa
Jan 23, 2012
Eastern African nation Tanzania could well perhaps be the next frontier of rare earth elements as it waits on the formal announcement of a mining exploration firm currently operating on the Ngualla Rare Earth Project in the southern part of the country.
Esther Tanquintic-Misa
Jan 20, 2012
It seems China's policy changes proved good to sustain the country's economy as its Ministry of Finance on Friday announced the fiscal revenue of the world's second-largest economy jumping 24.8 percent to $1.64 trillion (10.37 trillion yuan) in 2011 from a year ago.
Esther Tanquintic-Misa
Jan 20, 2012
