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Jun 27, 2011

Banks to limit overseas exposure: RBA: The Australian Business Briefing


 
Banks to limit overseas exposure: RBA
The RBA's Guy Debelle Geoffrey Rogow AUSTRALIAN banks are likely to continue lowering their exposure to overseas funding markets, a senior central bank official said today.
Nike sprints past profit expectations
110628 Nike Maxwell Murphy NIKE investors sprinted back to its shares after the footwear and apparel giant posted fourth-quarter results that beat expectations.
China counts local debt mountain
Wen Jiabao Tom Orlick CHINA'S local governments owe debt equal to over a fourth of the country's economic output, underlining the limits on battling inflation.
Bankers hope for Greek debt plan soon
Greece protest Acropolis Sebastian Moffett and Sabrina Cohen EUROPEAN bankers hope to come up with the principles of a plan for Greece's debt crisis by July 3.
Westpac, ANZ to send 250 jobs to Asia
Westpac Cynthia Koons WESTPAC and ANZ have advised employees that up to 250 jobs will be outsourced to Asia, the Finance Sector Union said today.
India to acquire overseas ports
110628, India, Mumbai, Gateway to India, Taj Mahal Hotel Robin Pagnamenta INDIA will set up a state-owned ports company to build overseas influence and acquire ports and terminals abroad, including in Australia.
Spotlight on Duet equity, dividend
Duet Group Michael Bennet DUET Group's expected simplification has won applause, but analysts are wary of the risks of an equity raising and dividend cut.
Trump stymied by flat-dwelling Indians
110628 Donald Trump ap Robin Pagnamenta DONALD Trump's first foray into India has been hampered by a flat-dwelling Indian family that will not make way for his luxury building.
Financial Markets
Shares ease off highs amid caution
sharemarket AUSTRALIAN stockmarket had eased off its highs by early afternoon, despite strong performances by the healthcare and IT sectors.
Banks to limit overseas exposure: RBA
Wall St bounces on banks, Microsoft
Financial Markets Coverage
Mining & Energy
Gold price edges below $US1500
Gold Matt Day GOLD edged below $US1500 as a pause in the escalation of worries about Greek debt curbed investor demand for a safe place to park cash.
Copper falls 1.2pc on China concerns
Oil dips on Greek crisis, US worries
More Mining & Energy Coverage

AFP Readies List For ISPs To Censor Web: Ping Newsletter

Ping Newsletter
AFP readies list for ISPs to censor web
THE Australian Federal Police has started preparing its first ISP censorship notices under a voluntary internet filtering scheme targeting online child abuse material.

Apple ends Nokia's 10 year domination
NOKIA'S decade-long reign in Australia is well and truly over, due to to the might of Apple and contenders riding on Google's Android platform.

Insiders suspected in distribute.IT hack
THE new owner of a web hosting company ruined by a devastating hacking event over the Queen's Birthday weekend has not ruled out an inside job.

Telstra gain from phone links post-NBN
TELSTRA stands to make more than twice its current revenue and cashflow under the new universal services obligation contract as part of the NBN.

CA keen to carve new chapter
CA Technologies has a list of internal candidates ready to take on the top job in Australia, according to Asia-Pacific president Lionel Lim.

7-Eleven drives Mobil acquisition
RETAILER 7-Eleven has ramped up its IT infrastructure following the acquisition of the Mobil retail fuels business.

Optimus announces itself in 3D
TO 3D or not 3D. It's a question being thrust upon consumers by the latest gadgetry.

Scientists lead climate change project
AUSTRALIAN scientists are spearheading international development of technology to analyse greenhouse gases and climate change.

System developed to monitor fish
A TEAM of Australian researchers aims to develop software that will automate the recognition and measurement of fish from underwater  imagery.

How to make a meeting from home
THERE we were the other day,  tapping away at some mundane task, when an email bobbed up, inviting us to join a "GoToMeeting".

Privacy and Vanilla Ice vex the net
YOU know what's confusing about the internet? Vanilla Ice's website.

Crane maker automates IT systems
WHEN Adelaide-based crane manufacturer Premier Proline looked to enhance its safety monitoring equipment, top of mind was service and support.

Worgan to widen Xerox channel
FUJI Xerox Printers has appointed Stephen Worgan as office automation channel development manager for Australia and New Zealand.

Innovation is key to retail revolution
IT'S been interesting to observe the controversy sparked by recent predictions that books and shopping centres have a limited life.

iPhone most popular as Nokia crashes
APPLE has spectacularly displaced Nokia as the most popular mobile brand in Australia, while Android continues its march to eventual dominance.

Click here for all headlines

More IT Business

iPhone most popular as Nokia crashes 

Elop spruiks Nokia's Windows push 

Bitcoin currency sparks security fears 

Firm takes over distribute.IT after hacking 

More Exec Tech

How to make a meeting from home 

iPhone most popular as Nokia crashes 

Portable powerhouses 

LG's 3D phone on sale in Australia in July 











































 

Gillard as low as Keating at his worst: The Australian Capital Circle

Capital Circle Newsletter
Gillard as low as Keating at his worst
 
The latest Newspoll brings more pain for Julia Gillard, but the PM is undeterred by the bad news.

The PM's Diary: Julia Gillard begins her day in Canberra with a meeting of the multi-party climate change committee. She'll fly to Darwin around lunch time ahead of community cabinet in Palmerston tomorrow. The NT News reports that while in the Top End, Ms Gillard is expected to announce Casuarina will be one of the locations connected to the NBN during the second phase of the roll out.
A determined Ms Gillard told ABC News Breakfast this morning she would not be deterred by plunging poll numbers (more below), stating: "I'm going to push on with the agenda because it's the right thing to do'', adding, "This is a tough reform and it may get even tougher''.
Tony Abbott begins his day in Perth where he'll address the opening of the Association of Mining and Exploration Companies conference in Perth's Burswood casino. He flies to Melbourne this afternoon.
Challenge: Liberal Senator Helen Kroger will challenge colleague David Bushby for the position of Liberal chief whip next Monday. The vacancy comes as current chief whip Stephen Parry has nominated to be deputy president of the Senate, a vacancy that has arisen because of the retirement of South Australian Senator Alan Ferguson.
Mixed messages: Liberal treasury spokesman Joe Hockey might have confused viewers during his appearance on Q & A last night. Pressed by host Tony Jones on the Coalition's policy agenda, Mr Hockey said: "We have done a lot of policy work, and by the end of next week we'll have the policies for an election campaign. We've been doing a lot of policy work.''  But on June 24, Mr Hockey told Sky News: "We will have a very comprehensive plan for the future of the nation when we have a better idea of when the election is coming. It's no use putting down an election platform today, when in two years' time the policy parameters may be very different."  So which one is it, Joe?
Farewell< p>
Read more...

Wall St bounces on banks, Microsoft: Wall St bounces on banks, Microsoft

 
Wall St bounces on banks, Microsoft
Wall Street traders Steven Russolillo US stocks closed sharply higher today as financial stocks jumped on banking capital requirements that were less onerous than expected.
 
Bankers hope for Greek debt plan soon
Greece protest Acropolis Sebastian Moffett and Sabrina Cohen EUROPEAN bankers hope to come up with the principles of a plan for Greece's debt crisis by July 3.
 
Buck stops with the board: judge
Centro Pia Akerman and Tracy Lee THERE were warnings of an exodus of directors from public company boards after the corporate regulator won the landmark Centro case.
 
Centro leaders missed obvious errors
Former Centro CEO Andrew Scott leaves the Federal Court Pia Akerman FEDERAL court judge John Middleton has ruled that Centro's directors needed only questioning minds to spot billion-dollar mistakes.
 
US deficit biggest problem: Gorman
James Gorman John Durie THE biggest issue facing global markets is not Greece but the $1.5 trillion US budget deficit, Morgan Stanley chief James Gorman says.
 
Greens would shut a coal industry
Bob Brown Matt Chambers THE stated aim of Greens leader Bob Brown to replace the coal industry with renewable energy would wipe out an industry that employs 140,000.
 
Rinehart writes her own legacy
Gina Rinehart Jennifer Hewett, National affairs correspondent GINA Rinehart was beaming with enthusiasm as she entered the large marquee put up at the remote Alpha coalmine site in central Queensland.
 
Miner admits Oakajee may fail
PN 75 IMG Generic Business Oakajee Sarah-Jane Tasker MURCHISON Metals has admitted it has "significant hurdles" to overcome to succeed with the troubled Oakajee port and rail project.
 
Financial Markets
Wall St bounces on banks, Microsoft
Wall Street traders Steven Russolillo US stocks closed sharply higher today as financial stocks jumped on banking capital requirements that were less onerous than expected.
 
Gold price edges below $US1500
Copper falls 1.2pc on China concerns
 
Financial Markets Coverage
 
Mining & Energy
Gold price edges below $US1500
Gold Matt Day GOLD edged below $US1500 as a pause in the escalation of worries about Greek debt curbed investor demand for a safe place to park cash.
 
Copper falls 1.2pc on China concerns
Oil dips on Greek crisis, US worries
 
More Mining & Energy Coverage