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Feb 16, 2011

Financial & Forex Info News | Heated Asia risks sharp slowdown: RBA | The Australian Business Briefing






for Thursday, 17 February 2011
Heated Asia risks sharp slowdown: RBA
Philip Lowe, RBA Assistant Governor Geoffrey Rogow TIGHTER monetary policy in Asia to cool inflationary pressures increases the risk of a sharp regional slowdown, the RBA said today.
Wesfarmers H1 profit soars above $1bn
Coles Blair Speedy WESFARMERS posted a 33 per cent lift in first-half profit, boosted by higher coal prices and the turnaround of its Coles supermarkets.
Investors cheer Qantas profit, outlook
Qantas UPDATED Steve Creedy, Aviation writer SHARES in Qantas rose sharply today after the airline posted a substantial increase in profits and flagged better yields on airfares.
ASX defends SGX merger plans
Aus Bus Pix Robert Elstone ASX CEO UPDATED Tracy Lee ASX Ltd has defended its Singapore merger plans, as chief Robert Elstone warned governments to appreciate the needs of global capital.
AMP-Axa can undermine big banks
Craig Dunn, AMP chief executive UPDATED Scott Murdoch AMP posted market-beating profit results today and forecast a merger with Axa APH would only strengthen its position in wealth management.
Santos profit jumps on strong oil price
Santos UPDATED David Winning and Gavin Lower SANTOS has reported a 15 per cent rise in annual profit as crude's rally toward $US100 a barrel offset a large asset writedown.
Lend Lease optimistic as profit rises
Lend Lease Ray Brindal LEND Lease Group is positive about its operating outlook after reporting a 10.5 per cent jump in first-half profit to $226.5 million.
Oil higher on Iran warship movements
oil Jerry A. DiColo OIL prices rose today after reports that Iran was sending warships through the Suez Canal sparked fears about rising tensions in the region.
Financial Markets
Shares buoyant on Qantas as CSL slides
stock market THE Australian sharemarket was just in positive territory by early afternoon, thanks to some positive corporate earnings.
ASX defends SGX merger plans
Heated Asia risks sharp slowdown: RBA
Financial Markets Coverage
Mining & Energy
BHP set to play predator, says Deutsche
gas Michael Bennet DEUTSCHE has added to the list of potential targets in BHP's sights, and the issue is whether Marius Kloppers sees any as a tier-one play.
Wesfarmers H1 profit soars above $1bn
Santos profit jumps on strong oil price
More Mining & Energy Coverage

CFTC Enforcement Actions: CFTC Freezes asseta of held by defendants of keith F. Simmons and others.



The CFTC obtained a federal court order freezing the assets held by defendants Keith F. Simmons of West Jefferson, N.C., Bryan Coats of Clayton, N.C., Jonathan Davey of Newark, Ohio, and numerous corporate entities controlled by them. For more information click the link below:

http://www.cftc.gov/PressRoom/PressReleases/pr5985-11.html


The Economist: New or updated articles February 16th., 2011





February 16th 2011

Economics: By invitation
How close is America to fiscal crisis?
Full article

Middle East: Israel's feuding generals
What lies behind the poisonous rivalries at the heart of the country's defence establishment
Full article

Middle East: After Mubarak
Where next for Egypt and the region?
Full article

Asia: The terrible two
South Korea's new, harder line on the North
Full article

Science: Clever hounds
Handlers' expectations may stop sniffer dogs doing their jobs properly
Full article

Daily chart: Crude arguments
Are taxes or crude oil prices to blame for expensive petrol?
Full article

Online debate: Global elite
Our debate on the influence of the global elite is coming to an end, but there is still time for you to impact the final outcome
Full article

Financial & Forex Info News: Kitco New York Market Close Report



 



New York Market Close Feb 16/11 05:20 PM EST
Metals
Bid
Ask
Change
Low
High
Gold
1375.60
1376.60
2.30
0.17%
1367.40
1383.30
Silver
30.68
30.70
-0.10
-0.32%
30.29
31.02
Platinum
1829.00
1841.00
-2.00
-0.11%
1819.00
1845.00
Palladium
839.00
845.00
4.00
0.48%
832.00
849.00

NYT: Afternoon Business News: A Political Divide Over Inquiry Into Financial Crisis.



BUSINESS

Smartphones That Stand Out From the Crowd

By JENNA WORTHAM
Manufacturers are designing phones on the Android platform with options like 3-D, sophisticated gaming controls or push-button access to Facebook.

Google Announces Payment System for Digital Content

By CLAIRE CAIN MILLER
The system, called Google One Pass, aims to be more publisher-friendly than a rival plan offered by Apple a day earlier.

A Political Divide Over Inquiry Into Financial Crisis

By SEWELL CHAN
Republicans called the report on the 2008 financial collapse a political exercise whose findings were preordained, while Democrats defended the conclusion that the crisis could have been avoided.
DealBook

Borders Files for Bankruptcy

By JULIE BOSMAN and MICHAEL J. DE LA MERCED
The troubled bookseller announced plans to close 30 percent of its stores and to cut jobs. But what will publishers that are owed money do?

Can You Hear Me Now? Data Overwhelming Cell Networks

By KEVIN J. O'BRIEN
As the popularity of smartphones continues to grow, the challenge, on a global scale, may only get greater.

Financial & Forex Info News: S&P rises, doubles its 2009 low | Reuters - Daily Investor Update






News

LATEST NEWS
S&P rises, doubles its 2009 low
NEW YORK (Reuters) - The S&P 500 rose on Wednesday to twice its value from just two years ago, a bounce whose vigor has not been seen since the Great Depression. | Full Article

Fed more confident in recovery, unhappy on jobs
February 16, 2011 03:00 PM ET
WASHINGTON (Reuters) - U.S. Federal Reserve officials raised their forecasts for economic growth last month, but remained unhappy with the job market's recovery, according to minutes of their meeting released on Wednesday. | Full Article
Producer prices up, inflation still seen muted
February 16, 2011 04:34 PM ET
WASHINGTON (Reuters) - Core wholesale prices rose in January at their fastest rate in more than two years, raising some concerns about inflation, but economists said the recovery was too weak for a big spike in consumer prices. | Full Article
Borders files for bankruptcy, to close 200 stores
February 16, 2011 03:53 PM ET
NEW YORK/WILMINGTON, Delaware (Reuters) - Borders Group Inc filed for bankruptcy protection and said it would close about one-third of its bookstores, after years of shriveling sales that made it impossible to manage its crushing debt load. | Full Article
Family Dollar bid sparks rally in discount stores
February 16, 2011 12:29 PM ET
NEW YORK (Reuters) - Billionaire investor Nelson Peltz's bid for Family Dollar Stores Inc underscores growing investor appetite for retailers targeting low-income Americans in a slow economic rebound and has sparked a rally in shares of rivals. | Full Article

Financial And Forex Info News: S&P 500 now more than double GFC low | The Australian Business Briefinf







 for Thu Feb 17 08:38:49 EST 2011

S&P 500 now more than double GFC low
Wall Street Jonathan Cheng INVESTORS pushed the S&P 500 index to more than double from its financial-crisis low today after corporate earnings and merger news.
 
Fed upgrades US growth forecast
retail sales Luca Di Leo and Jeff Bater THE Federal Reserve is slightly more optimistic about the US economic outlook, but not enough to call an end to its bond-buying program.
 
Oil higher on Iran warship movements
oil Jerry A. DiColo OIL prices rose today after reports that Iran was sending warships through the Suez Canal sparked fears about rising tensions in the region.
 
China scraps property 'bubble' index
China Aaron Back and Esther Fung CHINA will stop publishing its much-watched index of national property prices, which has been a rallying point for public anger over soaring house prices.
 
Wesfarmers a suitor for Burrup
Burrup Fertiliser plant Andrew Burrell, Debbie Guest WESFARMERS has emerged as a bidder for Australia's biggest ammonia producer, seeking a controlling stake in Burrup Fertilisers.
 
Google debuts online news pay system
aus bus pix google Murad Ahmed and Patrick Foster GOOGLE has developed a new payment system that will allow newspaper publishers to charge readers for access to online articles.
 
Moody's shock bank review
banks Scott Murdoch THE Australian banking sector was stunned by news that ratings agency Moody's had placed the big four banks on review for a possible downgrade.
 
ANZ chief backs takeover of ASX
Aus Bus Pix John Morschel ANZ chairman Richard Gluyas ANZ Bank chairman John Morschel has strongly supported the $8 billion offer by Singapore Exchange (SGX) for ASX Ltd.
 
Financial Markets
S&P 500 now more than double GFC low
Wall Street Jonathan Cheng INVESTORS pushed the S&P 500 index to more than double from its financial-crisis low today after corporate earnings and merger news.
 
Oil higher on Iran warship movements
Gold rises on Iran-Israel tensions
 
Financial Markets Coverage
 
Mining & Energy
Japan, India forge rare-earth plans
aus bus pix Japan India Andrew Monahan INDIAN and Japanese officials are talking about how the two countries can continue working together on rare-earth resources.
 
Oil higher on Iran warship movements
Gold rises on Iran-Israel tensions
 
More Mining & Energy Coverage