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Oct 30, 2011

The Australian | Business Briefing Update: BT profit tumbles on Hambro buy.

BT profit tumbles on Hambro buy
BT INVESTMENT posted a 23 per cent fall in annual profit today on the back of its recent acquisition of JO Hambro.
Inflation up despite cheap produce
Geoffrey Rogow THE return of cheaper fruit and vegetables could not halt a slight rise in inflation in October, new figures show.
Qantas: back to normal tomorrow
Ewin Hannan and Steve Creedy QANTAS says it will return to business as usual in 24 hours after Fair Work Australia stopped its planned lockout of workers.
Wesfarmers launches $300m bond
Enda Curran WESFARMERS seeking at least $300m in a rare domestic corporate bond issue, in a big boost for the local debt market.
Bailout chief courts Japan
Dinny McMahon, George Nishiyama EUROPE'S bailout fund chief will go cap-in-hand to Japan after China's unwillingness to sign a blank cheque for the debt crisis.
Oops! Where did that $74bn go?
David Charter TWO managers from Germany's "bad bank" are to front the Finance Ministry for a tongue lashing after almost $74bn was mislaid.
Leighton brushes off downgrade
LEIGHTON Holdings said a credit rating downgrade by Moody's will not affect its existing credit facilities.
Lynas's Malaysia plant held up
THE commissioning of the Malaysian processing plant of rare earths group Lynas has been put back until early next year.
Financial Markets
Stocks pare losses, Qantas soars
THE sharemarket cut back some losses by early afternoon as Qantas went from strength to strength.
Market retreats as Qantas flies
Leighton brushes off downgrade
Financial Markets Coverage

Stocks & Markets in the News: Japan intervenes in forex market; yen dives: Currencies | MarketWatch

By Sarah Turner, MarketWatch 

SYDNEY (MarketWatch) — Japan intervened in the foreign-exchange market Monday, sending the U.S. dollar and the euro climbing sharply against the Japanese yen. 

The dollar USDJPY +3.67%  surged against the yen, buying ¥78.42 compared to ¥75.77 in early Monday morning trade. 

The euro EURJPY +3.21%  also jumped against the yen, buying ¥110.67, compared to ¥107.24 in late North American trade Friday. 

The dollar hit a fresh record low against the yen earlier Monday, and Japanese Finance Minister Jun Azumi said that the country would take decisive steps to stem the currency’s rise if required, but didn’t provide specific details, according to reports from the region.
Azumi later confirmed that the Bank of Japan intervened in the currency markets but didn’t comment on the size of the action, the reports said. 

The action marked Japan’s first confirmed intervention in the currency markets since August.
“No numbers have been confirmed at this stage, but we will probably find out more as the day unfolds,” said Annette Benning, strategist at TD Securities.
“The Bank of Japan has been very clear that there were talks about intervention, it was always just about timing,” she said.
The dollar index DXY +0.58% , which measures the greenback against a basket of six major rivals, traded at 75.058 on Monday. In late North American trading on Friday the dollar reached 75.063.
The euro EURUSD -0.45%  traded at $1.4105, slipping from $1.4155 in late trading Friday. 
Last week, the European currency hit its highest level against the dollar since September, following the announcement of a new package of measures aimed at stemming the euro-zone debt crisis. 

The British pound GBPUSD -0.31% fell to $1.6106, down from $1.6121 at the end of last week. 

Sarah Turner is MarketWatch's bureau chief in Sydney.

Smartcompany news and Analysis: Qantas drama: The IR battle, tourism’s win, five strategy lessons; 10 quick sales and marketing wins; Rich lister’s Melbourne Cup obsession

smart company logo image

Today on SmartCompany we take an in-depth look at Qantas’ industrial relations drama. We examine how the next stage of the battle will play out, look at the impact on the tourism sector and extract five lessons from Qantas’ strategy. Plus in Entrepreneur Watch, James Thomson looks at the implications for SMEs, who may find that the airline’s “win” might end up creating a worrying precedent. And don’t miss the latest on house prices and our special Melbourne Cup preview.

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

Rich Secrets
Lloyd Williams’ magnificent Melbourne Cup obsession
Lloyd Williams' $840 million fortune might be built on property development and a canny investment strategy, but it is the challenge of winning a Melbourne Cup that drives him these days. BY JAMES THOMSON.
Rich Secrets

Top Story
10 quick sales and marketing wins
SMEs are currently under the hammer - with record insolvency figures being reported. We've gathered together 10 quick sales and marketing tips to help SMEs negotiate this tricky business landscape. BY PATRICK STAFFORD AND MADELEINE HEFFERNAN.
10 quick sales and marketing wins

Aunty B
I made a fool of myself in front of a client. Help!
Oh for goodness sakes. Take a chill pill. You didn't feel her up or drag her off to bed or take your clothes off and streak across the horse track. You just got a bit pissed.
Aunty B

Sue Barrett
Research continues to show that top sales performers love to learn and grow, so it's vital you invest in their ongoing training.
Sue Barrett

Behavioural Economics
Bri Williams
Offering something for free changes the game. It can work well for your business to stimulate volume, but can also change how your product is perceived.
Bri Williams

Retail trends
Kevin Moore
Soon all retailers – traditional or online – will be back to swimming in the same ocean.
Kevin Moore

Entrepreneur Watch
James Thomson
Qantas has got the IR circuit breaker it wanted, but should SMEs celebrate?
James Thomson

Weekly Analysis of US Equity and Currency Markets : CE Futures U.S. The Week Ahead

Weekly Analysis of US Equity and Currency Markets

Get your trading week started with video outlooks on the US equity and currency markets. Nick McDonald, of Trade With Precision presents a concise technical analysis of these markets for the week ahead, using the Russell 2000® index and the ICE US Dollar Index® as pivotal focuses.
View the video market commentaries »

Post Exclusive: Hillary Clinton played pivotal role in campaign to oust Gaddafi: The Washington Post News News Alert

The Washington Post

National News Takeover 160x601


Sunday, October 30, 2011 7:26:53 PM


Post Exclusive: Hillary Clinton played pivotal role in campaign to oust Gaddafi

U.S. officials and allies are offering a detailed new defense of U.S. leadership in the airstrikes against Libyan strongman Moammar Gaddafi, crediting Hillary Rodham Clinton's diplomatic efforts with keeping the coalition from falling apart.

"We set into motion a policy that was on the right side of history," Clinton said in an interview with the Post's national security reporter Joby Warrick.

Read more at: