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Dec 15, 2011

Financial and Forex Info News | The Australian Business Briefing Update: Global risks increasing: ANZ




 
Global risks increasing: ANZ
Ross Kelly ANZ has warned global economic uncertainty could last another two years and higher funding costs may be passed onto customers.
 
Dollar takes toll on CCA profit
Blair Speedy COCA-COLA Amatil has warned net profit will fall in the second half of 2011 as the strong Australian dollar weighs.
 
Fitch cuts world bank ratings
David Benoit FITCH has cut the ratings on top global banks, citing risks to global market swings and the diminished chances of US bailouts.
 
Bendigo to raise $120m for deal
Ross Kelly BENDIGO and Adelaide Bank will raise $120m to buy a unit of Bank of Cyprus, as it booked a $95m writedown.
 
IAG buys NZ insurer for $NZ380m
INSURANCE Australia Group has bought New Zealand's second largest general insurer for $NZ380 million.
 
Game on as Zynga's $1bn IPO away
Lynn Cowan ONLINE social game maker Zynga has raised $US1 billion after pricing its IPO, marking the largest US internet float since Google.
 
Asian property prices slow
Polly Hui and Eric bellman REAL-ESTATE prices are falling across Asia, hit by government moves to rein in booming prices and the slowing global economy.
 
Morgan Stanley to axe 1600 jobs
Brett Philbin MORGAN Stanley plans to eliminate 1600 positions, joining the chorus of financial firms cutting jobs due to poor conditions.
 
Financial Markets
Stocks post mild gains
Sarah Turner AUSTRALIAN shares edged higher today, although sharp losses for some retailers kept a lid on gains.
 
Stocks up but retailers cap gains
Wall St higher, but IMF warns
 
Financial Markets Coverage
 
Mining & Energy
Caltex in profit warning
OIL refiner Caltex expects a drop in profit in 2011 due to challenging trading conditions and disruptions to its operations.
 
Copper falls to seven-week low
Gold continues slide on weak euro
 
More Mining & Energy

Smartcompany Nrws and Analysis: JB Hi-Fi shares slump after shock profit warning, Five pearls from Bill Gates, ACCC launches action against mobile company, Selling

smart company logo image

Today on SmartCompany we look at the slump in JB Hi-Fi’s share price following its shock profit downgrade, grab five pearls of wisdom from Bill Gates' flying visit to Australia and look at the accusations the ACCC has levelled against a mobile phone company that allegedly invented a debt collector. Plus in Entrepreneur Watch, James Thomson looks at how the European crisis is starting to wash up on Australian shores.


Internet
How I use consumer behaviour to design websites
Objective Digital founder James Breeze says focusing on behaviour, rather than the attractiveness of a website, will net positive results. BY PATRICK STAFFORD.
How I...

Advertising and Marketing
Your vision
Your vision is your opportunity to convey who you are, what you do and who your target customer is in a few sentences. BY TOM MCKASKILL.
Marketing Vision

Aunty B
My staff aren’t doing what they’re told.
First, have a rethink about what you are doing. Is it really the right thing to do? Is there anything in the resistance by staff?
Aunty B

Gen-Y Millionaire
Kirsty Dunphey
Will your out of office message be forgettable or useful? Embarrassing or memorable? Helpful or painful?
Kirsty Dunphey

The Futurist
Colin Benjamin
Smart companies will continue to plan for steady growth in premium product sales and strategic business developments for the longer-term.
Colin Benjamin

Female Entrepreneur
Naomi Simson
Six leaders, with different styles and methods, took to the stage at the Growth Faculties Leadership Summit to share what they had learnt about leadership.
Naomi Simson

Entrepreneur Watch
James Thomson
The situation in Europe continues to deteriorate and there are clear signs the shockwaves are reaching Australia.
James Thomson

NYT Global Update: Ravaged and Remade, Iraq Is on Its Own

Global Update


TOP NEWS

Ravaged and Remade, Iraq Is on Its Own

By TIM ARANGO
America's departure from Iraq leaves a shattered country marred by sectarian conflict and political dysfunction, whose future, for better or worse, is in the hands of its people.

U.S. War in Iraq Declared Officially Over

By THOM SHANKER, MICHAEL S. SCHMIDT and ROBERT F. WORTH
The military is departing a country where insurgents continue to attack American soldiers and militants with Al Qaeda still regularly carry out devastating attacks against civilians.

Putin Says His Foes Are Using Protests to Destabilize Russia

By MICHAEL SCHWIRTZ
Prime Minister Vladimir V. Putin of Russia on Thursday praised young dissenters for standing up for their beliefs, while suggesting that they were being used as pawns.
Multimedia

Video: TimesCast | December 15, 2011

Michael S. Schmidt and Stephen Farrell report from Baghdad, as the United States declares the mission in Iraq over.
Opinion

Op-Ed Contributor

Coming Out of the Swamp

By VICTOR EROFEYEV
The mass demonstration last Saturday in Moscow was not an "opposition" rally but a reasonable program for a review of our system of governance.
WORLD
Lens Blog

Portraits of Iraqi Pride

By DAVID GONZALEZ
Andrea Bruce wondered if Iraqis felt optimism as the American troops left. The answer - for those who were staying - was complicated.

Junkyard Gives Up Secret Accounts of Massacre in Iraq

By MICHAEL S. SCHMIDT
Hundreds of pages of interviews with Marines, once closely guarded as secrets of war, were meant to be destroyed as the last American troops prepare to leave Iraq.

At Iraq War's End, Wounds Are Still Fresh for Falluja

By JACK HEALY
A broken city shifts its anger and frustration from the United States to the Shiite-led government in Baghdad.
BUSINESS

At Occupy Frankfurt, Calm Anarchy Has Staying Power

By JACK EWING
Unlike at other Occupy sites, the Frankfurt protesters are being careful to make their points without inciting police interference.

Strong Debt Auction Provides Some Relief for Spain

By DAVID JOLLY
Analysts said the European Central Bank's new medium-term bank financing program, which gets under way next week, was already helping to buoy euro zone debt.

Russia Offers Up to $20 Billion to Help Shore Up Euro

By STEPHEN CASTLE
The money, which would be channeled through the International Monetary Fund, is conditional on Europe clarifying how it will reinforce its bailout fund.
TECHNOLOGY

As Doctors Use More Devices, Potential for Distraction Grows

By MATT RICHTEL
Some hospitals have begun limiting the use of computers, smartphones and other devices in critical settings.

Facebook's New Design Brings Back User's Past

By JENNA WORTHAM
The social network is rolling out a revamped profile design called Timeline that makes a user's entire history of photos, links and other items much more accessible with a single click.

Lines Drawn on Antipiracy Bills

By EDWARD WYATT
The House and the Senate are looking to cut off oxygen for sites that offer free copies of entertainment by taking aim at search engines like Google and Yahoo that allow the pirates to function.
SPORTS

IndyCar Says Wheldon Killed When Head Hit Fence Post

By THE ASSOCIATED PRESS
The cause of death for the two-time Indianapolis 500 winner Dan Wheldon was revealed when IndyCar presented its findings of the Oct. 16 accident in Las Vegas.

Yankees Said to Bid for Darvish

By DAVID WALDSTEIN
The Yankees submitted a modest posting fee a few hours before the deadline on the chance that no one else made a significant bid for the Japanese pitcher Yu Darvish.

For Anelka, the Chance to Be Part of Something Big

By ROB HUGHES
By agreeing to a deal with a Chinese club while he still has a few good years left, the Frenchman could help make soccer even bigger in the world's second-biggest economy.
U.S. NEWS

Arizona Sheriff's Office Targeted Latinos, Justice Department Says

By MARC LACEY
An investigation that lasted more than two years singles out Sheriff Joe Arpaio as helping to nurture the department's "culture of bias."

Disagreement Over Payroll Tax Cut's Impact on Social Security

By JACKIE CALMES
Critics predict one extension will lead to another as politicians balk at raising taxes to their former level, especially if unemployment remains high.

Congress Moves Closer to a Spending Deal

By JENNIFER STEINHAUER and ROBERT PEAR
Lawmakers began paving the way for a deal to keep the government running while President Obama pushed them to reach a compromise on a payroll tax cut extension.
OPINION
Op-Ed Contributors

Keep the 'Reset' Moving

By NIKOLAS GVOSDEV and MATTHEW A. ROJANSKY
The U.S. and Russia should focus on getting their publics to understand the benefits of cooperation for both sides.
Op-Ed Contributor

A Man of the Past

By H.D.S. GREENWAY
Gingrich's claim that the Palestinians were "an invented people," - and by implication not worthy of a country of their own - broke new ground.
Patrick Chappatte

The Higgs Particle

Researchers announced progress in their search for the Higgs boson, the "God particle" whose discovery could help explain mass in the universe.