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Aug 18, 2011

The Australian Business Briefing: Global Economy fragile: ANZ



 
Global economy fragile: ANZ
Mike Smith Scott Murdoch ANZ chief executive Mike Smith says the world economy is "delicately poised" as the second round of shockwaves hits markets.
 
Markets slide in race to gold
ASX Daniel Morrissey AUSTRALIAN and Asian markets saw steep falls by early afternoon as investors scurried to the havens of gold and bonds.
 
Disasters wipe out QBE margins
QBE Mitchell Bingemann QBE shares fell as much as 11 per cent after it said insurance margins plummeted below forecasts because of natural disasters.
 
Santos profit tops forecasts
santos Ross Kelly SANTOS reported a big rise in first-half profit today, boosted by the sale of a stake in its Gladstone joint venture.
 
Fortescue profit soars 76pc
Nev Power Robb M. Stewart FORTESCUE Metals says its full-year net profit jumped 76 per cent as the price of iron ore strengthened.
 
HP to spin-off PCs
110819 Hewlett-Packard Gina Chon HP is exploring the spin-off of its PC business and stop selling tablets and smartphones as it makes a $10bn bid for software group Autonomy.
 
Billabong shares plunge 26pc
Billabong Gavin Lower SURFWEAR maker Billabong posted 18.4 per cent fall in full-year net profit today, hurt by the strong Australian dollar.
 
Dark clouds over US economy
US construction Kathleen Madigan WITH each piece of weak US economic data, the risk of a downturn increases for the world’s biggest economy.
 
Financial Markets
Markets slide in race to gold
ASX Daniel Morrissey AUSTRALIAN and Asian markets saw steep falls by early afternoon as investors scurried to the havens of gold and bonds.
 
Queensland lags in safety rush
Stocks fall 2.8pc in global rout
 
Financial Markets Coverage
 
Mining & Energy
Santos profit tops forecasts
santos Ross Kelly SANTOS reported a big rise in first-half profit today, boosted by the sale of a stake in its Gladstone joint venture.
 
Field of dreams
Gold strikes record above $US1800
 
More Mining & Energy

Global Stocks Sink; China's Property Market MarketWatch | Asia Stocks


Asia

Global Stocks Sink; China's Property Market On Asia Today: Global stocks are sinking again following a slew of grim U.S. economic data. Over in China, it looks like the bull run is over for the property markets with prices stabilizing. WSJ's Jake Lee and Isabella Steger discuss. video content 10:46 p.m. Today
 
Asia stocks tumble amid rising growth fears Asia stocks tumble, as risk appetite evaporates on a fresh wave of concerns about global growth. 10:22 p.m. Today

Smartcompany News & Analysis: Markets tumble again on global recession fears, Clothing label collapses, How Billabong lost 25% of its value in minutes, Tackling gender pay gaps

smart company logo image

Today on SmartCompany we bring you the latest on another tumultuous day of global markets. After Wall Street fell more than 4% last night, Australian markets have dropped by about 3% in morning trade, although some companies – including Billabong International, which fell by a staggering 25% at the open – have been hit much harder.

We also look at the collapse of another fashion brand and examine a possible way to tackle the growing gender pay gap in Australian companies. Plus in Boss Lady, I explain why companies are missing out on valuable leadership skills by ignoring older workers.

For all this and more, head to our home page.

How I
How I sold my business to ESPN
FootyTips co-founder Heath Kilgour explains how he and business partner Nathan Isterling caught the attention of the world’s largest sports media network. BY PATRICK STAFFORD
How I sold my business to ESPN

Exit Strategies
Selling your business – a life-changing event
Selling a business is often a life-changing event and if you are going to do it, make sure you walk away with as much as you can. BY TOM MCKASKILL.

Aunty B
We don’t have enough cash to support production. Help!
You have hit a classic entrepreneurial dilemma. You have to invest in growth infrastructure.
Aunty B

Online Sales
Chris Thomas
If you sell online, then iPad optimisation should be taken seriously as a revenue opportunity.
Chris Thomas

Gen-Y Millionaire
Kirsty Dunphey
How do you find the perfect balance of being friendly with those you manage without them losing respect for you as their leader if you're too familiar?
Kirsty Dunphey

Selling Strategies
Trent Leyshan
When you cold call your window of opportunity to engage a stranger is only a few seconds before you hear the death knell… clunk!
Trent Leyshan

Boss Lady
Amanda Gome
Valuable leadership skills are being lost because too many companies ignore older workers.
Amanda Gome

NFA takes emergency enforcement action against IFINIX Futures Inc.

Kitco New York Market Close Report



New York Market Close Aug 18/11 05:22 PM EDT
Metals
Bid
Ask
Change
Low
High
Gold
1824.90
1825.90
35.90
2.01%
1763.20
1830.00
Silver
40.64
40.74
0.41
1.02%
39.20
41.02
Platinum
1838.00
1848.00
1.00
0.05%
1795.00
1853.00
Palladium
752.00
759.00
-19.00
-2.46%
738.00
788.00

The Australian Business Briefing: Miners stunned by PNG plan


Miners stunned by PNG plan
Copper mine Rowan Callick PAPUA New Guinea is planning to hand to landowners the ownership of the country's vast resources.
 
Dark clouds over US economy
US construction Kathleen Madigan WITH each piece of weak US economic data, the risk of a downturn increases for the world’s biggest economy.
 
Rich harvest for Wesfarmers
Wesfarmers' rich harvest Andrew Burrell WESFARMERS is proving to be a bellwether of the economy, posting a 23 per cent lift in net profit to $1.92 billion.
 
ASX makes hay from derivatives
ASX Richard Gluyas THE ASX has reached a historic tipping point, with revenue from derivatives trading outpacing equities for the first time.
 
Foster's rejects SABMiller bid
Foster's, beer Blair Speedy FOSTER'S has formally rejected a $9.5bn takeover offer from SABMiller, but investors are confident a deal will go ahead.
 
NAB chief says rates in holding pattern
Cameron Clyne Richard Gluyas INTEREST rates are likely to remain on hold until Christmas, with arguments for a cut or an increase both persuasive, a leading banker says.
 
Wesfarmers mulls sale of coalmine
wesfarmers logo Andrew Burrell WESFARMERS says it will decide whether to offload its Premier Coal mine in Western Australia within months.
 
Financial Markets
Wall St plunges on recession fears
Wall Street trader Jonathan Cheng US stocks tumbled on growing fears of a global recession amid a grim mix of economic data and concerns about Europe's banks.
 
Gold strikes record above $US1800
Oil slips 6pc on weak US data
 
Financial Markets Coverage
 
Mining & Energy
Gold strikes record above $US1800
GOLD PRICES Matt Day FEARS that prospects for growth in the US and Europe were slipping pushed gold to its third record in as many days.
 
Oil slips 6pc on weak US data
Copper price slumps 1.6pc
 
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