Search This Blog

Search Tool

May 5, 2011

Financial & Forex Info | The Australian Business Briefing | Interest Rates to Rise, Warns EBA

Interest rates to rise, warns RBA
RBA Enda Curran THE RBA warned today it will have to raise interest rates further at some point as it ramped up its underlying inflation forecasts.
Banks help shares pare early losses
shares THE sharemarket had pared most losses by early afternoon, as the banks helped offset a resources sector suffering from a commodities sell-off.
Commodities losing silver lining
Petrol ANALYSIS Liam Denning US monetary policy and China remain the key factors in commodity prices as the balance of risk turns negative.
IPOs, M&A spurs wave of billionaires
Mark Zuckerberg Robert Frank GIANT initial public offerings and a surge in mergers and acquisitions are spawning a new generation of billionaires and millionaires.
Carlyle, Macquarie lift Redflex offer
Redflex Holdings Ross Kelly REDFLEX says a consortium of Carlyle and Macquarie has increased its takeover offer to about $303.5 million to account for a stronger dollar.
Vale profit triples on Chinese demand
PONTA MADEIRA TERMINAL UPDATED Diana Kinch VALE'S  first-quarter profit has more than tripled to a new quarterly record, amid strong demand from China and soaring iron ore prices.
Flash-crash flashbacks haunt traders
aus bus pix flash crash Donna Kardos Yesalavich A YEAR after the "flash crash", some Wall St traders are still suffering from what one psychologist calls "the flash-crash flashback".
Macquarie appoints US equities chief
Macquarie Jeremy Greenfield MACQUARIE Group named Ken Savio, former head of global equities at Cantor Fitzgerald, as head of Macquarie Securities in the US.
Financial Markets
Banks help shares pare early losses
shares THE sharemarket had pared most losses by early afternoon, as the banks helped offset a resources sector suffering from a commodities sell-off.
Interest rates to rise, warns RBA
Flash-crash flashbacks haunt traders
Financial Markets Coverage
Mining & Energy
GoldCorp wary of base-metal moves
Copper Edward Welsch THE CEO of the world's second-largest gold miner says he doesn't plan to follow Barrick Gold's recent move into more base-metals mining.
Costly sting for Equinox's failed bid
Vale profit triples on Chinese demand
More Mining & Energy Coverage

Financial & Forex Info | The Australian Capital Circle: Budget Day Looms For Labor as Details Leak

Capital Circle Newsletter

Budget day looms for Labor as details leak
A struggling Gillard government is looking to revive the Pacific Solution - and its fortunes - as the budget approaches.

The PM's diary: Julia Gillard is in Adelaide. She will visit an automotive training centre today and will spend the night in her home town.
Tony Abbott is also in Adelaide today. He appeared on the Today show at 6.10am and will campaign on the carbon tax and the budget.
The RBA will release its quarterly statement on monetary policy, a guide to where interest rates will go, later today. Treasurer Wayne Swan may hold a press conference after the statement after it is released.
The joint parliamentary gambling inquiry will release its long-awaited report on pokie pre-commitment schemes at 11.30am. Independent MP Andrew Wilkie will present the report, while Liberal Steve Ciobo will present the minority report.
Pledge: Opposition treasury spokesman Joe Hockey has hardened up his return-to-surplus rhetoric on Sunrise this morning in an exchange with Environment Minister Tony Burke. Expect Labor to go after him today over this:
Burke: I haven't gone after you on saying that you could get the budget into surplus this year, this year.
Hockey: We'll do it, we'll make the hard yards.
Liberal back offices in NSW are taking shape and there is more than a smattering of former federal staffers in the mix. From the top, Barry O'Farrell's chief-of-staff is Pete McConnell, a former adviser to federal Liberal MP Larry Anthony.
Senior O'Farrell adviser Jason De Sousa is a former Howard Government staffer who most recently worked in Sharman Stone's office when she was a minister. Environment minister Robyn Parker has employed former Howard government staffer Katherine O'Reagan as her chief-of-staff.
Treasurer Mike Baird has employed Tony Abbott's economics boffin, Steve Galilee, as his chief of staff. Attorney-General Greg Smith has employed former federal Attorney-General Philip Ruddock's press secretary,
Peter Brent
Peter Brent
Devil in the Newspoll detail
Last weekend, Newspoll measured attitudes to climate change and the carbon tax. Tables here. The climax of the survey...
More Peter Brent

NYT: Breaking News: Data From Raid Links Bin Laden to Newer Terror Plots

Breaking News Alert
The New York Times
Thu, May 05, 2011

Data From Raid Links Bin Laden to Newer Terror Plots

After reviewing computer files and documents seized at the
compound where Osama bin Laden was killed, American
intelligence analysts have concluded that the chief of Al
Qaeda played a direct role for years in plotting terror
attacks from his hide-out in Abbottabad, Pakistan, United
States officials said Thursday.

With Bin Laden's whereabouts and activities a mystery in
recent years, many intelligence analysts and terror experts
had concluded that he had been relegated to an inspirational
figure with little role in current and future Qaeda

A rushed examination of the trove of materials from the
compound in Pakistan prompted Obama administration officials
on Thursday to issue a warning that Al Qaeda last year had
considered attacks on American railroads.

Read More:

Financial & Forex Info News | Reuters Daily Investor Update: Commodities Rout Forces Wall Street Retreat

Commodities rout forces Wall St retreat
NEW YORK (Reuters) - Stocks fell for a fourth day on Thursday as a massive sell-off in commodities spilled into other markets, forcing investors out of riskier assets and rattling the equities market before Friday's payrolls data. | Full Article

Visa profit rises 24 percent but shares fall
May 05, 2011 04:31 PM ET
NEW YORK (Reuters) - Visa Inc's quarterly profit rose 24 percent, slightly beating estimates, as increasingly confident consumers spent more money on their credit and debit cards. | Full Article
Kraft profit falls after gain a year earlier
May 05, 2011 04:22 PM ET
NEW YORK (Reuters) - Kraft Foods Inc reported a sharply lower first-quarter profit on Thursday because of the absence of a gain that it posted a year earlier. | Full Article
Cisco trims fat and sets shake-up in motion
May 05, 2011 04:33 PM ET
BOSTON/NEW YORK (Reuters) - Cisco Systems Inc CEO John Chambers, cutting back a bloated management bureaucracy he helped build, has kicked off a sweeping overhaul to revive the networking equipment maker's flagging fortunes. | Full Article
Data hints at slowdown in job creation
May 05, 2011 02:14 PM ET
WASHINGTON (Reuters) - The number of Americans filing for jobless aid rose to an eight-month high last week and productivity growth slowed in the first quarter, clouding the outlook for an economy that is struggling to gain speed. | Full Article
Democrats, Republicans edge closer on debt deal
May 05, 2011 04:18 PM ET
WASHINGTON (Reuters) - The outlines of a deal that would allow the United States to avert a debt default emerged on Thursday as top Republican and Democratic lawmakers held their first meeting aimed at cutting the bloated U.S. deficit. | Full Article
After bin Laden death, Obama visits Ground Zero
May 05, 2011 04:01 PM ET
NEW YORK (Reuters) - Days after the killing of Osama bin Laden, President Barack Obama met New York firefighters and police on Thursday and visited Ground Zero to offer comfort to a city still scarred by the September 11 attacks. | Full Article
House's Cantor says tax hikes off the table
May 05, 2011 02:12 PM ET
WASHINGTON (Reuters) - House Republican Leader Eric Cantor said he told bipartisan talks on the U.S. deficit that tax hikes were off the table as far as the Republican-run House of Representatives was concerned. | Full Article
Pakistan threatens U.S. on cooperation if more raids
May 05, 2011 03:38 PM ET
ABBOTTABAD/NEW YORK (Reuters) - Pakistan's army threatened on Thursday to reconsider its crucial cooperation with the United States if Washington carried out another unilateral attack like the killing of Osama bin Laden. | Full Article
Oil crashes 10 percent in record rout
May 05, 2011 04:20 PM ET
NEW YORK (Reuters) - Oil collapsed into free-fall on Thursday, diving 10 percent and sending U.S. crude back under $100 a barrel as investors staged an unprecedented stampede for the exits. | Full Article
New drugs often marketed ahead of crucial data
Celgene's Revlimid extends life in cancer trial
Early solid foods tied to lower peanut allergy risk
Asthma pills as good as inhaler: study
U.N. Haiti cholera panel avoids blaming peacekeepers

Financial & Forex Info | Reuters- Technology Report : Anonymous to Sony: It wasn't us


Facebook and Google are separately considering a tie-up with Skype after the Web video conferencing service delayed its initial public offering, two sources with direct knowledge of the discussions told Reuters. A Skype deal could be valued at $3 billion to $4 billion, the first source said. The discussions are in early stages, and it is not clear which option the companies favor, the first two sources said.

Apple released a software update to fix a problem that enabled its mobile devices to collect and store customers' location data, making good on a promise it made last week. The update, which is available through its iTunes stores and automatically pops up when an iPhone or iPad is synced, said it "contains changes to the iOS crowd-sourced location database cache."

Antitrust law was inadequate to preserve the openness of the Internet and to allow innovation to flourish, FCC Chairman Julius Genachowski told a congressional hearing, defending Internet road rules adopted last year. The FCC adopted the contentious Internet order in December, banning service providers like Comcast, AT&T and Verizon from blocking traffic on their networks.

The Washington Post | Post Politics Afternoon Edition

The Washington Post
Politics Afternoon Edition


  1. Obama to meet with participants in bin Laden raid

    President Obama will meet with participants in the Osama bin Laden raid when he travels to Fort Campbell, Ky., on Friday, an administration official said, part of a closed-door effort to express the country's gratitude.
    » Read full article
  2. Paul Ryan: 'No illusion' about Medicare deal

    House Budget Committee Chairman Paul Ryan (R-Wis.) says Republicans acknowledge a deal with Democrats to overhaul Medicare is unlikely.
    » Read full article
  3. Breaking down the Situation Room

    Washington Post experts offer a tour of the personalities, gadgets and ideas found only in the world's most secure warren of rooms.
    » Read full article
  4. Poll: 'Birtherism' fades away

    The number of Americans saying President Obama was born in another country has been sliced in half, according to a new Washington Post poll.
    » Read full article
  5. The Fix: The misunderstood independent

    Independents are growing at a fast rate, but they’re not all moderates.
    » Read full article

NYT: Afternoon Business News: Rise in April's Retail Sales Comes With a Warning


Crude Oil Falls Below $100 a Barrel

Oil prices plummeted by almost 9 percent on Thursday as traders worried that American drivers were beginning to balk at the price of gasoline.

Rise in April's Retail Sales Comes With a Warning

Sales at stores open at least a year increased 8.9 percent on average, but retailers are beginning to raise concerns about the price of gasoline.

G.M.'s Earnings Triple in First Quarter

First-quarter net income was $3.2 billion, or $1.77 a share, one of G.M.'s best performances since the early 2000s. Quarterly revenue rose about 15 percent to $36.2 billion.

Gap Dismisses Its Design Chief as Sales Falter

Gap's retail sales in North America have been trending downward, with same-store sales in March down 9 percent.
Media Decoder Blog

Judith McGrath, Chief of MTV, Resigns

MTV Networks announced Thursday that its chairman and chief executive, Judy McGrath, is resigning.

CBS Political Hotsheet Top Stories: Clinton on intense photo: Blame it on allergies?

The CBS News Political Hotsheet newsletter


Secretary of state says she has "no idea" what she's looking at in iconic photo, is "sheepishly concerned" she was preventing a cough
Read full story
Clinton on intense photo: Blame it on allergies?

National Day of Prayer sparks prayer, protests After legal controversy, many expected to gather to mark National Day of Prayer, but some atheists protest

Obama: We meant what we said by President salutes firefighters during visit to New York at firehouse that sustained heaviest losses on 9/11

Five reasons why tonight's GOP debate matters Jan Crawford: Many top contenders are skipping the debate in S.C., but it still could have a big impact in a key state in the 2012 race

CBS EVENING NEWS with Kate Couric : President Obama Visits Ground Zero

The CBS Evening News with Katie Couric newsletter


Hi everyone,
I'm reporting once again from ground zero. Earlier today, President Obama laid a wreath at the outdoor memorial to those killed on September 11. His visit to New York comes four days after U.S. forces killed Osama bin Laden, who ordered the 9/11 attacks.
While visiting a firehouse, the President said "When we say we will never forget, we mean what we say." Chip Reid reports on the President's trip to New York City, while Byron Pitts will speak with the families of those who died on 9/11 -- does the death of bin Laden bring closure?
Meanwhile, David Martin reports on the brand new stealth helicopters used in the assault in Pakistan. They enabled the Navy Seals to zoom in on the compound without being detected.
Gasoline now averages $3.99 a gallon across the country. Prices have now risen for 43 consecutive days. Anthony Mason takes a look at what this is doing to our economy.
Up and down the Mississippi River, authorities are preparing for massive floods. Over the past two weeks, up to 20 inches of rain have fallen-and it's all heading downriver. Mark Strassmann reports on efforts to divert the floodwaters in Missouri
Finally ... Brook Peters was four years old on 9/11-a brand new kindergartner in lower Manhattan. Obviously, the attack on the World Trade Center was a major event in his life. Now 14, he's made a documentary, in which he talks to other kids about 9/11. Steve Hartman has more in tonight's Assignment America.
Katie Couric

Muslim Americans hope OBL death will ease tension American by birth, Muslim by religion, some hope bin Laden's death will help ease the stigma against their religion

Hero Navy SEALs back in U.S. after raid Details of operation to kill Osama bin Laden emerge as SEALs commander testifies before Congressional committees

Freedom Riders remembered 50 years later A small group of blacks and whites sparked a national movement when they boarded buses to protest segregated interstate travel

Bin Laden phone numbers help spin intel web Analysts looking at computer equipment, disks and two important phone numbers seized in raid on Abbottabad compound