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Nov 8, 2011

Stocks and Markets in the News | Asia | Hong Kong: Asia markets climb on Italian news, China data: Asia Markets | MarketWatch

nBy Virginia Harrison, MarketWatch 

SYDNEY (MarketWatch) — Hong Kong stocks led a regional rally Wednesday, after cooling inflation China gave bank and property shares a boost, and investors cheered plans by Italian Prime Minister Silvio Berlusconi to resign as a step toward resolving crippling debt problems in Europe. 

The Hang Seng Index HK:HSI +1.90%   jumped 2.2%, and China’s Shanghai Composite CN:000001 +0.04% added 0.5% in early moves
Japan’s Nikkei Stock Average JP:NIK +0.94%  gained 0.9%, Australia’s S&P/ASX 200 index AU:XJO +1.44%   rose 1.5%, and South Korea’s Kospi KR:0100 +0.33%
 ticked up 0.4%.

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The Australian | Business Briefing Update: Confidence soars on RBA rate cut

Confidence soars on RBA rate cut
James Glynn CONSUMER confidence in Australia surged after the central bank cut interest rates for the first time in nearly two years.
Shares jump on Italy's outlook
AUSTRALIAN shares were 1.4 per cent higher by early afternoon with political progress in Italy and stronger commodity prices.
Myer shares jump on sales hopes
Gavin Lower MYER Holdings shares rose more than 5 per cent after it maintained its full-year guidance and said sales are improving.
Stokes: Banks will soon own Nine
SALLY JACKSON and SIMON CANNING SEVEN'S chairman Kerry Stokes says he expects rival Nine Entertainment Co to be in the hands of the banks within a year.
Goyder's deal not so sweet
John Durie WESFARMERS boss Richard Goyder wont get quite the sweetheart pay deal suggested due to a side agreement with chairman Bob Every.
Computershare warns on profit
Ross Kelly COMPUTERSHARE has forecast lower first-half earnings amid continued subdued market conditions.
Berlusconi agrees to step aside
Stacy Meichtry and Giada Zampano ITALIAN PM Silvio Berlusconi is to become the highest-profile political victim of the eurozone crisis after agreeing to resign.
CSR posts 13pc profit hike
Ray Brindal CSR today said a strong balance sheet would shield it in difficult conditions as it posted a forecast-beating hike in profit.
Financial Markets
Shares jump on Italy's outlook
AUSTRALIAN shares were 1.4 per cent higher by early afternoon with political progress in Italy and stronger commodity prices.
Stocks surge on Berlusconi exit
Dollar rallies on Europe hopes
Financial Markets Coverage
Mining & Energy
SP AusNet profit falls 12pc
Ross Kelly SP AusNet said first-half profit tumbled 12 per cent on tax expenses and forecast further depreciation in the financial year.
Gold breaks through $US1800
Oil rises for fifth session
More Mining & Energy

Stocks and Markets in the News | Asia Inflation | China: China's inflation cools significantly in October.

By Michael Kitchen 
LOS ANGELES (MarketWatch) -- Chinese inflation data showed significant cooling in October, with the government reporting Wednesday that the consumer price index rose 5.5% from a year earlier, while producer price inflation dropped sharply to 5%. The closely watched CPI result compared to a 6.1% year-on-year rise in September. The October number matched a Reuters forecast and was slightly above a 5.4% projection from Dow Jones Newswires. The easing in wholesale inflation was far more dramatic, easing from September's 6.5%, and below respective forecasts of 5.7% and 5.8% from Reuters and Dow Jones Newswires.

Smartcompany News & Analysis: How to start preparing for the carbon tax, Jim Penman: Franchisors need to lift their game, Is the department store dying? Branson’s tech buy

smart company logo image

Today on SmartCompany we look at what SMEs can start doing now to get ready for the carbon tax, ask how long the department store model can hang on and examine Richard Branson’s tech investment. Plus in Entrepreneur Watch, James Thomson looks at 10 pearls of wisdom from Mark Zuckerberg, who seems torn between staying small and launching a multi-billion dollar float.

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

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