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Nov 29, 2011

Financial and Forex Info News | The Australian Business Briefing Update: Capital spend jumps 12pc




 
Capital spend jumps 12pc
Geoffrey Rogow NEW capital expenditure on buildings and equipment rose 12 per cent in the third quarter, almost double what economists had forecast.
 
BHP puts diamonds on review
Alex MacDonald BHP Billiton is reviewing its diamonds business, including a potential sale, after finding it may not fit its strategy.
 
Qantas safe from AA bankruptcy
Steve Creedy, Aviation writer QANTAS says a decision by alliance partner American Airlines to file for bankruptcy will not affect its customers.
 
S&P downgrades 15 banks
David Benoit and Matthias Rieker S&P has downgraded its ratings on 15 global banks as part of a change in how the company rates financial institutions.
 
House prices continue slide
James Glynn AUSTRALIAN capital city home values continued to slide in October, prior to the RBA's rate cut, according to RP Data-Rismark.
 
Metcash H1 profit falls 14pc
David Fickling RETAILER and wholesaler Metcash saw first-half 2012 net profits fall 14 per cent on the year to $94.4 million.
 
Lynas price fall boosts shares
David Fickling LYNAS shares jumped today after the rare earths miner said a fall in prices for its minerals had brought surety to clients.
 
Europe bailout fund falls short
COSTAS PARIS, STEPHEN FIDLER and CHARLES FORELLE EUROZONE finance ministers acknowledged the bloc's bailout fund would have less capacity to help troubled nations than hoped.
 
Financial Markets
Stocks waver at month's end
Sarah Turner AUSTRALIAN stocks moved between small gains and losses by early afternoon as investors held back on November's last day.
 
Stocks edge lower after gains
New Hope fuels $5bn sale talk
 
Financial Markets Coverage
 
Mining & Energy
Coal gas 'threat to food bowl'
Jamie Walker CANBERRA should impose a moratorium on further coal seam gas projects in the Murray-Darling food bowl, a parliamentary inquiry recommends.
 
Capital spend jumps 12pc
Lynas price fall boosts shares
 
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GATA: THE GATA DISPATCH: Only skullduggery explains falling gold price amid turmoil, Embry writes


Only skullduggery explains falling gold price amid turmoil, Embry writes

12:02p ET Tuesday, November 29, 2011
Dear Friend of GATA and Gold:
Sprott Asset Management's John Embry writes in his latest column in Investor's Digest of Canada that only surreptitious market intervention can explain the collapse of gold prices since September even as the world financial system has been teetering on the brink of collapse. But Embry also notes growing awareness of the market manipulation issue, as represented by the recent acknowledgement of GATA by the Financial Times. Embry's commentary is headlined "Collapse of Gold and Silver Points to Skullduggery" and you can find it at the Sprott Internet site here:
http://www.sprott.com/Docs/InvestorsDigest/2011/november-18-2011.pdf
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Financial and Forex Info News | The Australian Business Briefing: BHP puts diamonds on review



BHP puts diamonds on review
Alex MacDonald BHP Billiton is reviewing its diamonds business, including a potential sale, after finding it may not fit its strategy.
 
'Best time' for bankruptcy: AA
Doug Cameron THE new head of American Airlines says now was the best time for it to file for bankruptcy protection and restructure.
 
Dollar rises back above parity
THE Australian dollar has risen above parity on optimism European leaders are coming closer to a debt crisis resolution.
 
Euro fears haunt budget review
Scott Murdoch LABOR'S promise to return the federal budget to surplus is under fire for not safeguarding the economy.
 
Facebook's $100bn float offer
Mitchell Bingemann FACEBOOK is mulling a $US10 billion initial public offering that could value the site at more than $US100bn ($101bn).
 
Tinkler plans $2.5bn coal terminal
Sarah-Jane Tasker BILLIONAIRE Nathan Tinkler has raised an ambitious proposal to develop a $2.5 billion coal terminal in Newcastle.
 
Brickworks blocks Perpetual
Richard Gluyas PERPETUAL will lose its bid to restructure the Washington H. Soul Pattison board.
 
Financial Markets
Dollar rises back above parity
THE Australian dollar has risen above parity on optimism European leaders are coming closer to a debt crisis resolution.
 
Wall St trims early gains
Becton in one-for-200 share exchange
 
Financial Markets Coverage
 
Mining & Energy
BHP puts diamonds on review
Alex MacDonald BHP Billiton is reviewing its diamonds business, including a potential sale, after finding it may not fit its strategy.
 
Export boom to affect gas consumption
Tinkler plans $2.5bn coal terminal
 
More Mining & Energy