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Nov 21, 2010

Investors wary as QR debuts. Financial & Forex Info News | The Australian Business Briefing












Investors wary as QR debuts
QR National Tim Boreham MARKET watchers fear rail operator QR National could "do a Myer" and tank on market debut today.
 
Bank 'reform' dangerous: Munchenberg
Steve Munchenberg Glenda Korporaal THE ABA has warned that the populist debate on banking could lead to legislation that is "potentially dangerous" for business.
 
Asia trade boom 'the new normal'
Japanese Yen Rowan Callick, Asia-Pacific editor RINTARO Tamaki says Australia must get used to "the new normal" -- trade booming with Asia but flat with North America and Europe.
 
Reece still a family affair
Reece plumbing Blair Speedy MORE than 50 years after Leslie Wilson took control of plumbing supplies group Reece Australia, his descendants have a tight grip on it.
 
Investors cheer InvoCare NZ buy
funeral Tim Boreham FUNERAL group InvoCare's proposed purchase of New Zealand operator Bledisloe Group has been given the early seal of approval.
 
Staples aims to get hold online
Wesfarmers Perth HQ Teresa Ooi STAPLES, the world's biggest office supply chain, has launched an Australian website, going head to head with market leader, Officeworks.
 
Cole's star rises in Woodside rejig
Rob Cole Matt Chambers AT Woodside Petroleum in Perth the two offices closest to departing chief Don Voelte are CFO Mark Chatterji's and general counsel Rob Cole's.
 
Brace for mediocre growth: UBS
Paul Donovan Scott Murdoch UBS global chief economist Paul Donovan is confident the world economy will not suffer a double-dip recession.
 
Financial Markets
Investors cheer InvoCare NZ buy
funeral Tim Boreham FUNERAL group InvoCare's proposed purchase of New Zealand operator Bledisloe Group has been given the early seal of approval.
 
Investors wary as QR debuts
Leupen always looks on the bright side
 
Financial Markets Coverage
 
Mining & Energy
Cole's star rises in Woodside rejig
Rob Cole Matt Chambers AT Woodside Petroleum in Perth the two offices closest to departing chief Don Voelte are CFO Mark Chatterji's and general counsel Rob Cole's.
 
Bligh bullish over QR National float
NZ mine rescuers await final test
 
More Mining & Energy Coverage


More draconian than a national security briefing.- The Australian Capital Circle






Capital Circle Newsletter




More draconian than a national security briefing
 
From seven years, to three years to two weeks - Labor under fire over the NBN.

First up: UNDER government plans to test-run a carbon market for the sector, farmers will be able to cash in on measures to reduce carbon pollution.  These will include tree planting and reducing fertiliser use. Climate Change Minister Greg Combet will today issue the first guidelines for the Carbon Farming Initiative, designed to facilitate the sale of carbon credits on the domestic and international market. (more from Samantha Maiden and Graham Lloyd)
Driving the day - from seven years, to three years to two weeks: CROSSBENCH MPs have been ordered to sign gag orders as a condition of gaining details of the secret business case for the NBN.  The "draconian" conditions from the government were originally to include a seven-year order of silence but were amended yesterday after the Greens and independent Nick Xenophon refused to sign the deed of confidentiality...The non-disclosure agreement, seen by The Australian, had initially stipulated crossbench MPs wishing to receive a briefing on the NBN business case must keep all confidential information secret "for a period of seven years" ... Senator Xenophon hit out at the confidentiality agreement as "unreasonable" and declared he would not sign up for a secret briefing if it meant he could not justify his vote in the Senate. "This is more draconian than a national security briefing," Senator Xenophon said yesterday.
On the front foot - statement from Senator Conroy this morning: "The passage of this legislation (the Telecommunications Legislation Amendment Competition and Consumer Safeguards Bill 2009) is in the best interests of Australian consumers and every day of delay is another day of higher prices, less choice and fewer innovative services....the legislation also allows for the structural separation of Telstra's retail wing from the rest of the company''.
Good news for Conroy: "THE Greens have forced the government to change its national broadband legislation so
Read more...
 
 

Economic Preview: Finally, some data to give thanks. MarketWatch - Special Financial Services

MarketWatch
SPECIAL : FINANCIAL SERVICES
 
Economic Preview: Finally, some data to give thanks
 
By Greg Robb MarketWatch


Economic data to be released in the coming week will likely include some good news on consumer spending and the overall rate of growth. Housing is expected to continue to disappoint 

NYT: Breaking News Alert: Ireland had formally applied to Europe and the International Monetary Fund for a bailout package.

Breaking News Alert
The New York Times
Sun, November 21, 2010 -----

Ireland Will Apply for Bailout Package

Irish finance minister Brian Lenihan confirmed today that
Ireland had formally applied to Europe and the International
Monetary Fund for a bailout package.

He would not give an exact figure but said the amount would
be in the tens of billions of euros and that the final figure
was still subject to further negotiations.

Read More:
http://www.nytimes.com/2010/11/22/business/global/22debt.html?emc=na

Ireland $164B rescue in works: UK Sunday Times. MarketWatch Special Financial Services

MarketWatch
SPECIAL FINANCIAL SERVICES
 
Ireland $164B rescue in works: UK Sunday Times
 
By MarketWatch


The International Monetary Fund, European Union and European Central Bank are preparing a 120-billion-euro ($164 billion) bailout of Ireland, requiring the country to raise taxes and nationalize more banks, the Sunday Times of London reported. 

The washington Post Today's Headlines & Columnists.


TODAY'S HIGHLIGHTS
NATO adopts transition plan for Afghan war
LISBON - President Obama said Saturday he was confident that a U.S. troop withdrawal from Afghanistan would begin in July and that "the objective assessment is that we have made progress" in the war effort.
(By Karen DeYoung, The Washington Post)

U.S. alerts Asian capitals to possible North Korean uranium enrichment program
(By John Pomfret, The Washington Post)

Arrests in Pr. George's probe expose ties between politicians, liquor officials
(By Rosalind S. Helderman, The Washington Post)

Political divide between coasts and Midwest deepening, midterm election analysis shows
(By T.W. Farnam, The Washington Post)

More Today's Highlights


 POLITICS
GOP's gains ready to propel social back into national spotlight
Liberal groups in Wisconsin are bracing for a fight over contraception coverage under Medicaid. Battle lines are being drawn over sex education in North Carolina. And conservatives in several states intend to try to limit the ability of private insurers to cover abortions.
(By Sandhya Somashekhar, The Washington Post)

Political divide between coasts and Midwest deepening, midterm election analysis shows
(By T.W. Farnam, The Washington Post)

More Politics


NATION
NY judge orders Gawker to pull Palin book pages
NEW YORK -- A federal judge on Saturday ordered Gawker Media to pull leaked pages of Sarah Palin's forthcoming book "America by Heart: Reflections on Family, Faith and Flag" from its blog.
(AP)

More Nation

WORLD
NATO adopts transition plan for Afghan war
LISBON - President Obama said Saturday he was confident that a U.S. troop withdrawal from Afghanistan would begin in July and that "the objective assessment is that we have made progress" in the war effort.
(By Karen DeYoung, The Washington Post)

U.S. alerts Asian capitals to possible North Korean uranium enrichment program
(By John Pomfret, The Washington Post)

More World

METRO
Arrests in Pr. George's probe expose ties between politicians, liquor officials
The arrests of a Prince George's County liquor store magnate and his wife by federal authorities last week as part of a broad corruption probe involving County Executive Jack B. Johnson has pulled back the curtain on the complex and often incestuous world of liquor and politics in the county.
(By Rosalind S. Helderman, The Washington Post)

More Metro


SPORTS
Maryland-Florida State draws a nice crowd
An announced attendance of 48,115 cheers the turtle.
(By Liz Clarke, The Washington Post)

Maryland football suffers deflating 30-16 loss to Florida State
(By Eric Prisbell, The Washington Post)

Middletown edges Glenelg, 2-1, for Maryland 2A girls' soccer title
(By Andy Marso, The Washington Post)

Stone Bridge can't beat Kellam in Virginia AAA volleyball championship
(By Matt Brooks, The Washington Post)

Capitals fall to Flyers, 5-4 in a shootout, for second straight loss
(By Katie Carrera, The Washington Post)

More Sports

STYLE
Hirshhorn "Directions" show looks back at modern buildings
They say that the building you are in can affect how you think. That seems true at the Hirshhorn Museum.
(By Blake Gopnik, The Washington Post)

Artists in Afghanistan: Luckovich, Pastis & Keane are moved by latest USO Tour
(By Michael Cavna, The Washington Post)

Hurston/Wright Foundation awards black writers
(By DeNeen L. Brown, The Washington Post)

TV preview: 'LennoNYC' and 'Lennon Naked' on PBS
(By Hank Stuever, The Washington Post)

Stephen Sondheim's 'Finishing the Hat': A reflection on a luminous Broadway career
(By Peter Marks, The Washington Post)

More Style

LIVE DISCUSSIONS
Redskins vs. Titans recap
Live discussion about the Redskins vs. Titans game.
(Cindy Boren, washingtonpost.com)

More Live Discussions


Kicking the Fed
SOMETIMES IT SEEMS as if nobody loves the Fed. At the moment, the hostility emanates mainly from Republicans, who charge that Chairman Ben S. Bernanke's plan to boost the economy through $600 billion in asset purchases will bring on inflation and currency debasement. Senior Republicans are talking...
(The Washington Post)

Teaching the teachers
(The Washington Post)
 

NYT : Morning Business News.- Times Topics: European Sovereign Debt Crisis



BUSINESS:

Pushing 40, Southwest Is Still Playing the Rebel

By JAD MOUAWAD
Southwest has become one of the biggest airlines and is turning 40 next year, but it is clinging to a corporate culture of Halloween parties and rapping flight attendants.

The Hunt for Jobs Sends the Irish Abroad, Again

By SUZANNE DALEY
As Ireland struggles with its newest financial crisis, yet another generation seems set to scatter.

Irish Prime Minister Says Budget Plans Are Already in Place

By LANDON THOMAS, Jr.
As Irish and European officials discussed a rescue, Prime Minister Brian Cowen said a low corporate tax rate and plan to reduce the budget would not be substantially changed.

NYT: ALERT FGC BOLSA - FGC FINANCIAL MARKETS.- Irish Leader Insists Fiscal Adjustments Already in Place



Alert Name: FGC BOLSA - FGC FINA
November 21, 2010 Compiled: 1:08 AM

BUSINESS DAY / GLOBAL BUSINESS

As Irish and European officials discussed a rescue, Prime Minister Brian Cowen said a low corporate tax rate and plan to reduce the budget would not be substantially changed.