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Jul 26, 2011

Australian dollar soars to record on CPI data | Market Watch - Forex


By Lisa Twaronite, MarketWatch 

TOKYO (MarketWatch) The recently beleaguered U.S. dollar skidded to a record low against its Australian counterpart Wednesday, after hotter-than-expected inflation data increased the likelihood of more tightening ahead from the Reserve Bank of Australia. 

Second-quarter consumer price index inflation hit 0.9%, compared to a rise of 1.6% in the March quarter, the Australian Bureau of Statistics reported. Read more on Australia CPI data.
The Australian dollar AUDUSD +0.78%  was buying $1.1040, up from $1.0960 in late North American trading Tuesday. After the data, it rose as high as $1.1062 — its loftiest level since it was floated in 1983.
 
Dollar could rise amid default MarketWatch's Deborah Levine explains how the dollar could actually strengthen if the U.S. defaults by not reaching a debt-ceiling agreement.


House Speaker John Boehner was rewriting his bill, so the House may end up voting on the bill on Thursday rather than the initially scheduled Wednesday vote. Read more on Boehner rewriting debt bill.
The dollar index DXY -0.02% , which tracks the U.S. unit’s performance against a basket of six other currencies, was at 73.511, compared with 73.501 late Tuesday.
The euro EURUSD -0.04%  edged down to $1.4504 from $1.4514 late Tuesday. See real-time currency quotes and tools.
Against the yen, the dollar USDJPY -0.07%  stood at ¥77.81, compared to ¥77.90 late Tuesday.
Versus the Swiss franc USDCHF +0.07%  , the dollar changed hands at 80.20 Swiss centimes, compared with 80.10 centimes late Tuesday. There are 100 centimes in a Swiss franc.
The greenback hit an all-time low versus the Swiss unit at 79.96 centimes on Tuesday. Read Forex Files column on the Swiss franc and turmoil in Europe and the United States.
The British pound GBPUSD +0.17%  bought $1.6427, compared with $1.6411 late Tuesday.

The Australian Business Briefing: Inflation sparks $A record



 
Inflation sparks $A record
Australian currency Geoffrey Rogow THE Australian dollar today hit a new high since it was floated in 1983, as inflation lifted chances of an RBA rate hike.
 
Queensland at risk of downgrade
Anna Bligh Geoffrey Rogow FITCH Ratings today revised to negative the outlook for Queensland and warned of a potential downgrade over debt levels.
 
Australand caution hits shares
lidcombe - australand INVESTORS dragged on Australand after the developer said it was "cautious" on outlook amid a 17 per cent profit spike.
 
Aquila, Vale resolve dispute
Aquila and Vale in dispute David Fickling VALE and junior Australian miner Aquila Resources have buried the hatchet on a dispute over a  Bowen Basin coal mine.
 
Big trades in Aristocrat
Aristocrat Leisure Ross Kelly A FEW large trades in Aristocrat Leisure at above their market price inspired a rally in the beaten down shares today.
 
Jail for former Opes Prime directors
Laurie Emini UPDATED Blair Speedy FORMER Opes Prime boss Laurie Emini and fellow director Anthony Blumberg have been jailed after their company collapsed owing more than $630 million.
 
Amazon jumps on sales growth
aus bus pix Amazon John Letzing THE internet's No. 1 retailer suffered a profit drop as its spending continued to outpace even its heady revenue growth.
 
BHP prepared for long conflict
BHP, copper mining, Escondida mine in Chile's Atacama Desert Carolina Pica THE world's largest copper mine declined Chile's offer of mediation in its labour conflict, BHP Billiton said today.
 
Financial Markets
Shares fall on inflation risks
share market THE stockmarket was lower by early afternoon, after surprising inflation data raised the risk of higher interest rates.
 
Inflation sparks $A record
Shares fall on US debt risks
 
Financial Markets Coverage
 
Mining & Energy
Shell in final decision on Clyde
oil Ross Kelly SHELL says it will convert its Clyde refinery in Sydney into a fuel import terminal, in line with plans announced in April.
 
BP's 13pc profit hike dismays investors
Aquila, Vale resolve dispute
 
More Mining & Energy


Stock Exchange issues a letter to remind issuers to exercise caution when approached by individual posing as Listing Division staff

The Stock Exchange of Hong Kong Limited



Logo-HKEx

港 中 環 港 景 街 一 號 國 際 金 融 中 心 一 期 1 2 樓
12/F, One International Finance Centre, 1 Harbour View St reet, Cent ral, Hong Kong
電話 Tel: + 852 2522 1122 傳真 Fax: +852 2295 3106 網址 Website: www.hkex.com.hk 電郵 E-mail: info@hkex.com.hk
Our Ref: MD20110725-026 25 July 2011


To: Main Board Listed Issuers (Attn: Authorised Representatives)
GEM Listed Issuers (Attn: Authorised Representatives)
Dear Sirs
Reminder to exercise caution when approached by individuals posing as Listing Division
staff
It has come to our attention that some issuers have recently been approached by individuals
posing as Listing Division staff requesting to speak to the issuers’ senior management and in
some instances, to their chief executive officers.
As you know, the Listing Division has assigned specific personnel to monitor and to act as the
principal contacts with your company. Normally our channels of communications are with
your authorised representatives and/or your company secretary. You may find the name and
contact details of your responsible case officers from the “Contact Persons in the Listing
Division of HKEx for Listed Companies” on the HKEx website


(http://www.hkex.com.hk/eng/listing/listreq_pro/listcontact/new_advisor.htm).
Please exercise caution when approached by anyone claiming to be Listing Division staff. If
you are in doubt about the status of any person, please contact your responsible case officers.
Yours faithfully
For and on behalf of
The Stock Exchange of Hong Kong Limited
 [Signed]
Mark Dickens JP
Head of Listing

For PDF format click link below 
25/07/2011
Stock Exchange issues a letter to remind issuers to exercise caution when approached by individual posing as Listing Division staff 


Boehner delays debt vote | The Washington Post witjh Bloomberg | Business


House GOP delays vote on Boehner debt plan

(Chip Somodevilla / GETTY IMAGES)
Republicans have delayed a vote on their bill as they scramble Tuesday night to rewrite portions of the measure to ensure that accompanying spending cuts are large enough, according to three senior GOP aides.

Ping Nrwsletter: Hacker accused of posing threat to NBN

Ping Newsletter
Hacker accused of posing threat to NBN
A NSW man has been charged with hacking a National Broadband Network provider, allegedly putting the national infrastructure at risk.
 
Xenophon acts to axe political exemption
INDEPENDENT senator Nick Xenophon will introduce a private member's bill to remove exemptions for political parties from the Privacy Act.
 
Optus axes 250 jobs in cost-cutting drive
OPTUS has terminated 250 roles within the company and at its subsidiaries as part of a push to lower operating expenditure
 
Optus TV ignites row over copyright
THE blurred lines between content makers and distributors in a digital world could be tested once again.
 
Amazon jumps on sales growth
THE internet's No. 1 retailer suffered a profit drop as its spending continued to outpace even its heady revenue growth.
 
It's surprising what they know
POLITICIANS need to lead by example when it comes to privacy issues.
 
ATO seeks waiver to hunt data
THE Taxation Office wants a permanent exemption from privacy guidelines covering its data-matching operations to compile dossiers on taxpayers
 
Westpac vows to rectify IT glitch
WESTPAC Bank has vowed to rectify payment problems by the end of the day after an IT glitch deprived customers of their salaries and welfare benefits.
 
Digital Realty to open Sydney data centre
DIGITAL Realty has shelled out around $11 million for a 3.48 hectare site in Western Sydney to establish its first data centre in Australia.

Click here for all headlines

More IT Business

Pay for top project managers soars

Webjet to overhaul its hotel offerings 

McMenemy at helm in TD 

Netflix in talks for local tie-ups

More Exec Tech

HP fixes TouchPad bugs 

Schmapple Apple, all same in China 

Apps to design your home and furniture 

Rev Nile wields veto on video games 

The Australian Capital Circle: Political Journos To Write

Capital Circle Newsletter
Political journos to write fiction
 
There's political intrigue as two senior press gallery correspondents write a novel.

Julia Gillard has no official events scheduled today.
Tony Abbott is in Tamworth, in independent MP Tony Windsor's electorate of New England. He'll visit a property at nearby Spring Ridge this morning.
Novel idea: Two of the press gallery's most senior journalists, News Ltd's Steve Lewis and the ABC's Chris Uhlmann, have signed a book deal with HarperCollins to write a political thriller. They'll draw on years of political observation and inside knowledge, but it will essentially be a work of fiction. The book is due out in the second half of next year. We're sure it will be a compelling read. It's unclear whether it will be a Lewis-Uhlmann or Uhlmann-Lewis production. "We are equal partners in the exciting literary adventure," Lewis said.
Security Czech: Czech Republic president and climate sceptic Vaclav Klaus is clearly used to the VIP treatment. He was apparently so offended at being asked to go through Parliament House security screeners yesterday he turned around and left, passing up an interview with the ABC's 7.30 program. Heads of state would normally bypass security when entering the parliament on official visits. But Klaus is in Australia as a guest of the Institute of Public Affairs. He'd just given a speech at the National Press Club likening climate change action to communism.
Under siege: Tony Windsor is feeling the heat, with his seat being regularly assailed by Coalition heavy-hitters. Today's it's Opposition Leader Tony Abbott, speaking at a National Party forum in Tamworth. Windsor is fed up, challenging Mr Abbott to front up for a "real" rebate on climate change, rather than an invitation-only event.
Moving on: Resources Minister Martin Ferguson's chief-of-staff Paul Myler has resigned in amicable circumstances to spend more time with his family after a couple of tough years in the job.
***Read more...
 
Mumble
Peter Brent
Peter Brent
 
Beginners’ guide to the politics of boatpeople
Here’s a quick course on the politics of refugees in Australia. When lots of asylum seekers arrive by boat, it’s bad for the…
 

SmartCompany New: How non-sales staff can become better sellers, Are Australian households in recession? Online sales to hit $13.6bn in 2011, Homeware retailers merge

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How to be a great seller – even if you’re not in sales
Everyone lives by selling something, but that doesn't mean everyone is good at it. Learn to hone your sales skills and improve your ability. BY NINA HENDY.
How to be a great seller

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Amanda Gome
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SmartCompany.com.au