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Sep 12, 2011

Stocks & Markets In The News

Asia

SYDNEY (MarketWatch) — Asian stocks rose Tuesday to take back a modest portion of the heavy losses recorded in the previous session, as anxiety over the European debt crisis calmed a little following a report that China might buy Italian bonds.


Puffed-up prices divide China cotton players China’s central government plans to buy unspecified quantities of this year’s cotton crop at high prices, rattling textile companies, reports Caixin Online. 52 min ago

Asian stocks inch higher after losses Asian stocks rise to take back a portion of heavy losses recorded in the previous session, as jitters over the European debt crisis calm a little following a report that China might buy Italian bonds. 58 min ago
Mainland China stocks drop catch-up plunge LOS ANGELES (MarketWatch) -- Mainland Chinese stocks fell sharply in early Tuesday trading as investors took their first chance to react to heavy losses Monday on other Asian bourses. The Shanghai Composite dropped 1.7% to 2,456.03, with resource shares among the hardest hit. Aluminum Corp. of China Ltd., or Chalco lost 1.8%, and Jiangxi Copper Co. was down 2.5%, while China Petroleum & Chemical Corp., or Sinopec, gave up 1.5%. Among closely watched property stocks, Shenzhen-listed China Vanke Co. fell 2.3%, but Gemdale Corp. was off 1% in Shanghai, slightly outperforming the broader market there. 9:57 p.m. Today

Asia Headlines

Bars of 1000 gram silver are seen in this picture illustration at a precious metal refinery in Istanbul July 26, 2011. Gold eased on Tuesday as investors cashed in some gains after the previous session's record high, but the political impasse in the United States over raising the debt ceiling kept prices firmly supported above $1,600 an ounce. Spot silver added 0.1 percent to $40.34. It hit $41.05 in the previous session, its highest since May 4 when prices were tumbling from a record $49.51 set on April 28. REUTERS/Murad Sezer (TURKEY - Tags: BUSINESS) - Reuters
Gold, silver rebound in electronic trading Gold futures rebound as a report that China is considering buying Italian bonds brings some light to Europe’s debt-crisis gloom, and gives a mild lift to investor sentiment.
9:31 p.m. Today
Tiny Island Has Big Trash Problem The tiny tropical island of Untung Jawa in the Java Sea has been dubbed Trash Island by some people, thanks to the tons of garbage that wash up on its shores from Jakarta every day. WSJ's Eric Bellman reports. video content
6:06 p.m. Today
On the Mark: Is Stock Diversification Futile? In his 'On the Mark' segment, Mean Street host Evan Newmark says nations' stock markets being independent and not being influenced by each other is on the way. It's just a matter of time. video content
3:55 p.m. Today
A PT Pertamina worker opens a gauge near crude oil tanks on Bunyu island, Indonesia's East Kalimantan province in this February 8, 2011 file photograph. Industrialized nations agreed on June 23, 2011 to release oil from emergency stockpiles for the third time in history, sending crude prices tumbling and providing some support to a faltering global economy. The unexpected decision to release 60 million barrels over the next month, the culmination of a plan that President Barack Obama put in motion more than a month ago, showed the deepening concern among Western leaders over the damage of high energy costs to a worsening global economy. REUTERS/Beawiharta/Files (INDONESIA - Tags: ENERGY BUSINESS) - Reuters
Oil settles higher on bargain-buying Crude futures end 1.1% as investors buy on the dips and prices snap a two-day losing streak.
3:36 p.m. Today
REFILE - CORRECTING TYPE OF SHIP
 
 
 
 Gloria, a Colombian Navy brigantine training ship, arrives at the overseas passenger terminal in central Sydney August 30, 2009. Gloria, which sails all over the world to showcase Colombian history in every visited port, will be docked in central Sydney until September 3. REUTERS/Daniel Munoz (AUSTRALIA TRAVEL) - Reuters Australia 2011 deals target U.S. firms: survey Data out Monday shows that Australian companies are snapping up foreign assets, notably in the U.S. 
9:56 a.m. Today

10 practical ways to boost office productivity, Upmarket retailer collapses, Why CPA Australia wants to lift the GST rate, Business confidence drops: Smartcompany News & Analysis

smart company logo image


Today on SmartCompany we look at the collapse of yet another upmarket retailer, examine calls from accounting body CPA Australia to lift the GST to as high as 20% to strengthen the economy and examine a new push by retailers to get parallel import bans lifted. Plus in Entrepreneur Watch, James Thomson looks at Warren Buffett’s succession plan – and wonders when he’ll have to put it in place.

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

Top Story
10 practical ways to improve productivity in your workplace
While productivity experts say it can be hard to prescribe common solutions for improving productivity, there are a few key principles businesses can put in place. BY PATRICK STAFFORD.
Improve productivity

Tax Update
Small business CGT concessions: Spend money to save money
Believe it or not, there are times when taking an overseas holiday, upgrading your family home, buying a holiday home or perhaps swapping your Holden for a top-of-the-range BMW may actually save you money. BY MICHAEL LAURENCE.
Spend to save

Aunty B
It's flu season and the sniffing and hacking is making me sick!
Unfortunately, you are dealing with a small group of narcissistic sociopaths.
Aunty B

People problems
Eve Ash
It is unfortunate in our society that being nice can be seen as a negative thing, but like most things in life there is a balance.
Eve Ash

Franchise tips and trends
Jason Gehrke
No single incentive is likely to be a silver bullet that will magically conjure hoards of potential franchisees from thin air. Several incentives combined are the way forward.
Jason Gehrke

Brand
Michel Hogan
Qantas has announced a “price promise” designed to get people to buy from their website, but they miss the point that any price is already a promise.
Michel Hogan

Entrepreneur Watch
James Thomson
The Oracle of Omaha has made his succession plan clearer. But speculation is rising as to when it may be put into place.
James Thomson

GATA - THE GATA DISPATCH:CNBC, HSBC, and GLD in public relations backfire

CNBC, HSBC, and GLD in public relations backfire

8:35p ET Monday, September 12, 2011

Dear Friend of GATA and Gold:

GoldSilver.com today notes CNBC's backtracking on its Bob Pisani's reporting September 1 from the secret vault said by gold custodian HSBC to house the metal held by the gold exchange-traded fund GLD. While Pisani twice asserted on camera that "all" the metal in the vault belonged to GLD, he displayed a gold bar that turns out to have belonged to another gold ETF for which HSBC is also the custodian, and CNBC subsequently noted on its Internet site that the vault does indeed hold gold for more than GLD. But no doubt there's still enough there for HSBC to continue to help manage the Western fractional-reserve gold banking system. The GoldSilver.com report is headlined "CNBC-HSBC-GLD Public Relations Backfire" and it can be found here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

CIO gets busy as Qantas embraces BYO: Ping Newsletter | The Australian IT

Ping Newsletter
CIO gets busy as Qantas embraces BYO
Qantas is to unveil an end-user computing blueprint that will allow workers to connect their own devices to the corporate network.
 
Industry body hit by loss of big names
IT giants turn their back on the Internet Industry Association.
 
Technology wages defy economic gloom
Economic uncertainty has not dampened tech sector salary growth.
 
Body scanners 'are not foolproof'
Anthony Albanese was warned by US security advisers that body scanners could not reliably detect home-made explosives.
 
Banker appointed to NSW ICT board
THE NSW government has appointed Deutsche Bank Australia's John Baird as the sole private sector representative on its ICT board.
 
Spin-off plan no threat, says HP
HEWLETT-PACKARD is trying to shore up its Australian PC business to prevent defections by corporate clients.
 
Health records rollout 'lacking'
The Medical Software Industry Association warns that the Gillard government's e-health records rollout is a "standards-free zone".
 
E-health rebates ruled out
HEALTH Minister Nicola Roxon has flatly ruled out paying for doctors to create and maintain e-health records.
 
Telcos reach out to copyright holders
THE telecommunications industry is trying to reach a settlement with copyright holders over internet piracy.
 
Numbers likely to force new ballot
An Engineers Australia internet voting ballot could be declared invalid after a revolt by members.
 
Windows latest set to adapt for apps
MICROSOFT is this week expected to fire the starter gun on marketing its newest operating system, Windows 8.
 
Tassie may win via green Google
GOOGLE will develop new data centres in locations with a high percentage of renewable energy use.
 
Council saves money and environment
WARRINGAH Council wanted to improve its green credentials but its technical infrastructure stood in the way.
 
Carmakers want in on the cloud
NEW apps for phones and tablets that communicate with and analyse the performance of cars were available overseas last year.
 
Flying by wireless still up in the air
QANTAS and Virgin Australia are gingerly edging closer to offering inflight internet connections to their Down Under travellers.
 
Motion sensor offers possibilities
MICROSOFT is seen as clunky when it comes to interface design.
 
Luxottica chief has eye on future
Luxottica's chief information officer role was meant to be a temporary assignment for Anthea Muir.
 
Sharrock takes tech role at Alcatel
Alcatel-Lucent has appointed Martin Sharrock as its chief technology officer for Australia and New Zealand.
 
Retailers want web sales reined in
AUSTRALIA'S most powerful retailers have demanded the government dump the ban on parallel imports in a bid to win back consumers.
 
Brick-and-click shopfront urged
AUSTRALIAN retailers must urgently exploit their home-ground advantage by adopting an integrated "bricks-and-clicks" model.
 
Yahoo asset sale on the cards
YAHOO'S board is putting a higher priority on evaluating a potential sale of all or parts of the company over its search for a new chief executive.
Click here for all headlines

From The Desk of Nick Nicolaas - Mining Interactive: Bralorne Pours its 4th Gold Bar Weighing 11.6 Kg of Gold



September 12, 2011
Bralorne Gold Mines LTD.

CANADIAN GOLD PRODUCTION
NEAR GOLD BRIDGE, SOUTH-WESTERN BRITISH COLUMBIA


BRALORNE POURS 11.6 KG BAR OF GOLD
 


Says Dr. Matt Ball, Chief Operating Officer: “We are off to a good production start.  This is the 4th bar of gold we poured and I trust that we will see many more of these moving forward”.

Dear Friends:

Yes, Bralorne certainly is moving ahead very positively on its mine production.  With recently reported  high-grade multi-ounce intercepts on the BK North (BKN) vein which lies about 150 north and parallel to the BK (BK) vein, the future looks very bright for the Company.

With the gold price correcting right now, it presents a great opportunity to accumulate shares in Bralorne.

Stay Tuned - - - as the Bralorne Gold Production Story Continuous to Excite!!

Regards from Vancouver,
Nick L. Nicolaas
Mining Interactive "Ahead of the Pack"

Bralorne Vein Gold



Stay tuned for the most recent updates on Bralorne Gold Mines and other leading mining companies through the MiningInteractive Video Interviews.
Nick L. Nicolaas
(604) 657-4058

nick@mininginteractive.com

Bruised Wall St gains on China: The Australian Business Briefing.



 
Bruised Wall St gains on China
Wall St Brendan Conway US stocks erased a steep loss late in the session on reports that China may come to the aid of the embattled euro zone.
 
OECD warns of global downturn
sharemarket Richard Gluyas THE OECD warns a downturn in the global economy is under way, a fear that is already roiling stockmarkets.
 
China unlikely to loosen policy
China Esther Fung CHINA's central bank says stabilising prices remains its priority, reinforcing signs that Beijing is unlikely to loosen policy.
 
Buffett adds second stock picker
Berkshire Hathaway CEO Warren Buffett Erik Holm WARREN Buffett has chosen a second little-known hedge-fund manager to handle a portion of Berkshire's investment portfolio.
 
$835m wiped off Cochlear
Product recall wipes $835m off Cochlear's value Michael Bennet INVESTORS wiped $835 million from the value of Cochlear yesterday after it recalled its best-selling hearing device.
 
Smoking plan dangerous
Cigarette Annabel Hepworth THE Gillard government has been warned that its plan for plain packaging of tobacco products could lead to a diplomatic fallout.
 
Monsanto row hampers Nufarm
Monsanto row hampers Nufarm Andrew Main HERBICIDE vendor Nufarm warned of a writedown that could knock $28 million off the published net profit number.
 
BofA to cut 30,000 jobs
Bank of America David Benoit BANK of America says it will cut $US5 billion in annual costs by the end of 2013 and slash 30,000 jobs.
 
Financial Markets
Euro propped up by China
euro Andrew Johnson THE euro rose against the US dollar after reports surfaced that Chinese investors could help prop up euro-zone bond markets.
 
Buffett adds second stock picker
Bruised Wall St gains on China
 
Financial Markets Coverage
 
Mining & Energy
Gold slides to two-week low
GOLD PRICES Matt Day GOLD slid to a two-week low as investors sold their holdings to raise cash amid mounting worries about Europe's debt crisis.
 
Oil rises 1.1pc on euro move
Copper falls on demand risks
 
More Mining & Energy