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Retail spending flat, fall in job ads, company profits point to rate cut by: Adam Creighton From: The Australian December 03, 2011   Weak retail sales mean rate cut likely A December interest rate cut is more likely after figures showed retail spending remained flat in October. Play     0:00 / 0:29 Scrubber mute Share Fullscreen AN interest rate cut tomorrow now appears more likely as new data show consumer spending remains weak while business profits fell in the three months to September. Separately, the number of job advertisements fell almost 3 per cent in November, the eighth consecutive monthly decline. The Reserve Bank of Australia is widely expected to cut the official cash rate to 3 per cent tomorrow to help boost economic activity in the non-mining parts of

   Nick McDonald discuss the charts and outline where he sees equity and currency markets heading during the weeks and months ahead. this week's market outlook videos

Latest Business News 8:14 PM ET   ECB's Noyer Says Inflation Expectations Well-Anchored 8:08 PM ET   News Corp Int'l News Chief to Step Down 8:06 PM ET   A Feisty Start-Up Is Met With Regulatory Snarl

Alasdair Macleod: The coming silver price eruption Submitted by cpowell on 09:29AM ET Sunday, December 2, 2012. Section: Daily Dispatches 12:22p ET Sunday, December 2, 2012 GoldMoney research director Alasdair Macleod reports today that the big commercial shorts in silver are approaching record levels again even as public demand seems to be at merely normal levels. Macleod writes: "On this evidence, the bullion banks short in the silver market are potentially in serious trouble, unless somewhere there is a pot of physical silver they can dip into. There isn't, if we assume that iShares Silver Trust's 315 million ounces are unavailable. There is no other identifiable source of silver, other perhaps than some producer supply, and there is anecdotal evidence that on every dip, cash silver migrates from West to East, confirmed by silver being constantly in backwardation. The odds now favor a substantial bear squeeze. And as the managed funds that l

Getting tough on gold imports won't work, two former Indian central bankers say Submitted by cpowell on 05:09PM ET Saturday, December 1, 2012. Section: Daily Dispatches From The Indian Express, New Delhi Sunday, December 2, 2012 http://www.indianexpress.com/news/-being-tough-on-gold-imports-won-t-wor... MUMBAI -- Two former governors of the Reserve Bank of India warned Saturday against taking tough measures to rein in gold imports -- a major reason for the persistently high current account deficit. The chairman of the Prime Minister's Economic Advisory Council, C. Rangarajan, said steps like banning gold imports would only push up its smuggling. Rangarajan, who served as RBI governor, said there are already indications that illegal shipments of the precious metal have gone up in the last three months after the hike in the excise duty. "That is an indication of how much gold is being smuggled in. I would say to some extent we should dissuade

Breaking News The New York Times Saturday, December 1, 2012 ----- As Companies Seek Tax Deals, Governments Pay High Price A New York Times investigation into the incentives that governments offer businesses has found that states, cities and counties are giving up more than $80 billion a year to attract or keep the companies and the jobs that they provide. The beneficiaries come from virtually every corner of the corporate world, encompassing oil and coal conglomerates, technology and entertainment companies, banks and big-box retail chains. But the cost of the awards is certainly far higher. A full accounting, The Times discovered, is not possible because the incentives are granted by thousands of government agencies and officials, and many do not know the value of all their awards. Nor do they know if the money was worth it because they rarely track how many jobs are created. Even where officials do track incentives, they acknowledge that it is impossible to know whether the

December 1, 2012 Today's Headlines TOP NEWS Housing Move in Israel Seen as Setback for a Two-State Plan By JODI RUDOREN and MARK LANDLER Two settlement actions seemed timed to punish the Palestinians for securing upgraded status at the United Nations, and appeared to show that hard-liners had prevailed in the debate over a response. A Hospital War Reflects a Bind for Doctors in the U.S. By JULIE CRESWELL and REED ABELSON With fewer providers competing aggressively for health care business, doctors who sell their practices are feeling pressed to meet financial targets. Young Immigrants Say It's Obama's Time to Act By JULIA PRESTON A group that had worked effectively but largely under the radar to advance the prospects of undocumented youths learns to be more comfortable in the spotlight.  Video : Pushing the Dream • NYTimes.com Home Page » QUOTATION OF THE DAY "People are not going to hug the president ri

Friday, November 30, 2012 TOP STORY Week in Review: Portraits of a Hedge Fund Titan Even before Steven A. Cohen's very bad week, the media narrative surrounding the hedge fund billionaire was well known: an intimidating temper that has mellowed with age, a bad back enflamed by the same, a hedge fund with a track record better than the Yankees and partial ownership of a baseball team whose standing is decidedly less stellar. This week, we review the highlights. Like many billionaires Mr. Cohen, who has not been accused of any wrongdoing, shuns the media spotlight, but that hasn't stopped journalists and colleagues from painting colorful portraits that compare him to characters from Henry Melville and Miguel de Cervantes. "It's a Darwinian and pressure-packed culture with ridiculous amounts of money at stake," a former employee of SAC Capital told DealBook last year . The closest Mr. Cohen has gotten to a media grilling recen

By Kate Gibson , MarketWatch  NEW YORK (MarketWatch) — U.S. stocks ended little changed Friday, with the Nasdaq Composite scoring its first positive November since 2009 as the political rhetoric over the budget continued.  Week ahead: Cliff talks continue The fiscal cliff talks continue in Washington. Plus, November's unemployment rate is reported and the ECB meets.  “I don’t think there is a politician out there that wants on their watch an adverse economic outcome. But they could wait for the 11th hour,” Nick Raich, director of Key Private Bank in Cleveland, said of the possible repercussions of not reaching an agreement to block billions in automatic spending cuts and tax increases early next year.  “Our base case is there will be some sort of solution, but it may not occur by or on Dec. 31, so the market is not pricing completely going off the cliff, but more of a roll down the hill,” Raich added.

Hospitality and Tourism First Nation files for judicial review of Jumbo ski resort The Jumbo Glacier ski resort, which has faced two decades of legal and regulatory delays and roadblocks, is facing yet another ...  READ MORE Politics and Policy   Exclusive: Government admits booze price hikes were a risk of privatization Was the doomed plan to privatize liquor warehousing and distribution too risky for ...  READ MORE Mining and Energy   B.C. plans international LNG conference in February As opponents ramp up anti-LNG efforts, the B.C. government has announced it will host the first international conference on the ...  READ MORE More News...     Another Vancouver law firm goes global with merger “Keep investing”: Deloitte’s advice to miners Three thousand expected at province’s Vancouver job fair today Province concludes public service bargaining