Australian Dollar Outlook - 10/24/2011
Bell FX Currency Outlook:
The AUD has opened above 1.0300 this morning, as financial markets continued to look for a positive resolution of the European debt crisis, following the weekend's EU emergency summit.
Australian Stock Market Report - Morning - 10/24/2011
MORNING REPORT
(7am AEDT)French President Nicolas Sarkozy has backed down on demands for the European Financial Stability Facility to be able to borrow from the European Central Bank to address the region´s debt crisis. European leaders will meet again on Wednesday evening to finalise a solution to the debt crisis.
Europe's Future: Scenarios After the Brussels Summit
With so much at stake for the entire continent, Eurozone nations are working hard to come up with solutions that could at long last resolved the prolonged economic crisis which may lead into another global recession.
Australian Stock Market Report - Afternoon 10/21/2011
The local share market traded virtually sideways today, as investors stayed out of the market ahead of a key meeting of European leaders at the weekend. The All Ordinaries Index (XAO) lost 3.4pts by close to 4203.4 while the S&P/ASX 200 Index (XJO) fell 3pts to 4141.9.
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The Queen Meets with Gillard Friday; Chatter Continues on Curtsying or not (VIDEO)
The Queen will meet Prime Minister Julia Gillard at Government House for an informal discussion Friday, and it is going to be a private meeting. The media has been passing on jokes that curtsying could not possibly be on the agenda, but the people in general have yet to get over the fact that Ms. Gillard preferred to shake the monarch's hand. "I felt most comfortable with bowing my head and the Queen extended her hand and so, of course, I shook her hand," Ms. Gillard said.
Qantas Plane with Northern Territory's Central Australian Officials Makes Emergency Landing in Darwin
A Qantas plane carrying all of the Northern Territory's Central Australian politicians Friday morning had to turn back as part of safety precautions. After experiencing a technical problem, Qantas flight number 1935 with 115 passengers on board, turned around for an emergency landing in Darwin.
Comparison Web Site: Aussies Would Save 23% to 43% with NBN Instead of ADSL 2+
Comparison Web site WhistleOut backed the Labor government's claim that Australians would benefit from using the National Broadband Network (NBN) than current ADSL 2+ and line rental plans.
Twitter War: Maroon 5 Frontman Adam Levine vs. Fox News Anchor [PHOTOS]
There is another Twitter feud in Hollywood and this time, its Maroon 5’s front man Adam Levine vs. Fox News anchors.
Australian Stock Market Report - Midday 10/21/2011
The Australian sharemarket is up a touch, with the All Ordinaries index (XAO) up 0.5 pct or 20.3 pts to 4227.1 with most sectors edging higher at lunch. This is the third time this week that the market is improving, however is still down around 1 pct over the past five days. Investors are hesitating to over commit themselves to shares ahead of the European Union's Summit this weekend.
Tennis superstar Roger Federer Returns! [PHOTOS & VIDEO]
Win an all expense paid trip to London and meet Roger Federer by joining the Credit Suisse contest.
EU Debt Crises: Would European Solidarity be Maintained?
The positions of major European powers regarding the sovereign debt crisis seem not to be in harmony as the EU Summit in Brussels comes closer.
Videos on Dead Gaddafi Prove Killing of Libyan Leader (VIDEO)
Libyan rebels claimed they have killed the country's ousted leader Col. Muammar Gaddafi on Thursday during a battle near his hometown Sirte.
Rival Protest Groups Clash in Streets of Athens
Rival groups of protesters clashed in Athens on Thursday on the second day of a general strike to block the parliament's approval of an austerity law.
Global Markets Overview - 10/21/2011
U.S. StocksU.S. stocks pared an afternoon advance late in a session whose choppy trading was dominated by European sovereign-debt worries. The Dow Jones Industrial Average was up 23 points, or 0.2%, at 11524, while the Standard & Poor's 500-stock index added 3 points, or 0.3%, to 1213.
Australian Stock Market Report -Morning - 10/21/2011
MORNING REPORT
(7am AEDT)US initial jobless claims fell by 6,000 to 403,000 in the past week. The 4-week moving average of claims held at a 6-month low. The Conference Board Leading Index rose by 0.2pct in September.
Libyans Celebrate With News of Gaddafi’s Capture
News of the capture of Libyan leader Muammar Gaddafi has led to rejoicing in Libya which has gone through several months of armed conflict as the country apparently ended the 42-year strongman rule of Gaddafi.
Crises in Streets and Negotiating Tables: What is wrong with Greece?
On the second day of the general strike that has paralyzed most parts of Greece especially its capital city, protesters clashed with anti-riot police as the mass actions participated in by the private and public sectors closed down government offices, shops, schools and airports became quite unmanageable.
Queen Elizabeth II Arrives in Canberra, No Hint of Her Majesty's Slowing Down (PHOTOS)
Queen Elizabeth II and her husband Prince Philip arrived in Canberra Wednesday after a 22-hour flight, and got themselves busy right away, responding to crowds of cheering children and beginning their 11-day stay in Australia. While it has been discussed and predicted by commentators that this will be the last time the Queen would take on a long journey to step in Australia, the Buckingham Palace aides have rejected that idea.
Aussie Carbon Tax Praised by 4 Major Green Investment Groups
Despite the criticisms that the Labor government received for the proposed carbon tax, four major global green investment groups backed the carbon tax and said it will provide economic benefits to Australia.
AskMen Reveals 'Top 49 Men' List, Steve Jobs, Navy SEALs Top List [PHOTOS]
The magazine has revealed its "Top 49 Men" list, with the late Apple founder Steve Jobs, Prince William, and influential athletes and actors topping the list.
‘The Dark Knight Rises’ to Occupy Wall Street? [PHOTOS]
Christopher Nolan, director of "The Dark Knight Rises," tells The Los Angeles Times he may include footage from the Occupy Wall Street protests in the final installment of the Batman movies.
Expansion of Australia’s Anti-Sexual Harassment Laws Necessary
There seems to be no end in sight for sexual harassment cases in the workplace.
Miss World Ireland 2011 Admits Copying Fashion Style from Kate Middleton [PHOTOS]
The recently-crowned Miss Ireland, Holly Carpenter, has admitted that she took a lot of The Duchess' fashion sense when she flies for the Miss World competition on Nov. 6 in Earls Court in England
Global Protest Actions Show Mass Displeasure: Should Political and Economic Structures Give In?
The series of Wall Street protests and mass actions being conducted by Greek citizens in Athens against the highly unpopular austerity measures of Prime Minister George Papandreou have one thing in common.
More Aussies Taking Public Transport, Biking to Work
More Australians are taking public transportation to move around and biking to reach their destinations. The shift toward more environment-friendly and healthier transport options is one of the findings of the State of Australian Cities 2011 report released on Thursday.
Property Sector Warns of Hurdles to Achieving Sustainable Canberra
The ACT Planning Strategy, which aims to make Canberra a more sustainable city into the future, will not be achieved unless the government reviews and recasts other policies that will directly work against achieving this outcome, the Property Council of Australia has warned.
RBA: Australian Banks Can Withstand Stress Tests
As European banks struggle to commit as to how much their book values should be stated against the backdrop of deep sovereign bonds restructuring, Australian banks have remained strong and viable, according to a top officer of the Reserve Bank.
PM Gillard to Remain Hands Off on Qantas Labor Row
Acknowledging that federal intervention may do more harm instead of resolving the issue at hand, Prime Minister Julia Gillard reiterated her calls on concerned parties to resume dialogues and find reasonable ways of ending the ongoing Qantas Airways labor squabble.
Australian Stock Market Report - Midday 10/20/2011
The volatility continues on the local share market, with the market trading lower for the second session this week. European share markets rose overnight on hopes leaders will come up with a plan this weekend to deal with the region's debt crisis.
Baggage Handlers Reject Qantas Deal, but Engineers May Sign Agreement
The Transport Workers Union (TWU) rejected a new agreement proposed by Qantas for the air carrier's 3,800 baggage handlers, caterers and ground staff.
World Bank Report Ranks Australia’s Business Environ Tad Lower in 2011
Conducting business in Australia remains a rosy prospect for would-be investors but a joint report by the World Bank and the International Finance Corporation had indicated a slight drop on the country’s performance and ranking as one of the best place to do business with.
Ominous Signs Threaten European Summit on Economic Concerns
Two days before the summit of European Union heads of states in Brussels, the outlook of the economy in most European countries remained gloomy.
Geelong Trains to Offer Free Wi-Fi to Riders
Victoria train riders may soon be able to send emails or surf the Web while on their way to work or home. The state government is considering installing wi-fi transmitters and improving communications on regional trains, according to Public Transport Minister Terry Mulder.
Survey: Australia is World’s Richest Nation
Australia and its people are by far the wealthiest nation and citizens in the world, according to the 2011 Credit Suisse Global Wealth report.
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