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Showing posts from July, 2009

Market pulse – Stocks hitting the roof today

While on one hand the australian stock market reached some sorts of milestone today with  topping the biggest one day gain in the market for nine years . On the other hand the flow of red ink through the Australian property sector has started with a multi-million dollar loss and big capital raising from the Singapore Government-controlled company, Australand Property Group. It will be the first of a long line of poor results.Largest monthly gain in nine years today in australian stock marketThe Australian share market has posted its largest monthly gain in nine years on the back of a resurgent financial sectorFor the month, the ASX200 gained 7.3 per cent, its best monthly return since June 2000 when it chalked up 7.5 per cent. It was also its fifth straight month of gains. For the All Ords, the gain in July was 7 per cent, its best return since March.By sector, materials added 1.9 per cent today alone, with banks were also higher by 1.9 per cent. Energy stocks were 1.7 per cent strong…

AGO ( Atlas Iron ) Regains its momentum as iron ore prices spot market flourishes

Atlas iron’s high grade iron ore is making it more attractive miner to the  overseas chinese companiesAGO$2.020Goldman sachs , JB where , Wilson securities , hartleys limited all of them have a strong buy rating on his stock and i dont see why , this stock is a hidden gem among the big miners with its strong grade iron ore resources with port facilities  within its reach.Go to  ATLAS IRON WEBSITE HEREAtlas Iron Limited – Iron ore – The Pilbara's Emerging PowerhouseAtlas Iron Limited (AGO) is a dynamic iron ore producer, with a number of key projects strategically located within150km of the port of Port Hedland in ...
www.atlasiron.com.au/Company OverviewAGO is an exploration company with four projects in varying stages of exploration at Farrel Well, Pardoo, Abydos, Mt Gould and Weld Range, in Western Australia. These projects are believed to be highly prospective for iron ore and base metal mineralisation. AGO focuses primarily on discovering and developing iron ore projects. AGO’s…

Hard to believe Rapid American Bank recovery

Citibank, Bank of America Join  the american bank Profit Parade after Goldman sachs and Morgan stanleyThe revival of Wall Street's financial health progressed today as Citigroup and Bank of America delivered billions of dollars in profits, though the two struggling banks relied on large one-off asset sales to bolster their earnings as bad debts mounted on credit cards and mortgages.Citigroup, which will soon be one-third owned by the US government under a complex debt-for-equity swap, announced a $4.3bn (£2.6bn) quarterly profit, compared with a $2.5bn loss for the same period last year. Its figures included a $6.7bn boost from spinning off its Smith Barney brokerage into a joint venture with Morgan Stanley.The company, like Goldman Sachs Group Inc. and JPMorgan Chase & Co., said it had a handsome profit from its trading business. The company acquired Merrill Lynch & Co. this yearSo The QUESTION arises, How did these so miserably failing banks not so long ago, are now deli…

3 ways to Check stocks At work

Not everybody is a  fulltime stockbroker  or then   able to constantly  check on their stocks and how it is faring during the day.Infact a large number of  people now days  are part time stock brokers with a full time job or part time job  with not enough time , nor access  to get an update on their stocks while the market is open.With stock broking  and trading  timing can play a huge part in if you suceed or then how much gain you make , and for that you need to know when that stocks are going up or then down to do a successful trade. We show you 3 easy ways to  Check those stocks wherever you are at work or on the road/3 ways to check your stocks on the Go from work1. If you have internet access at work it pretty easyPast this url in your browser at workhttp://www.asx.com.au/asx/markets/priceLookup.do?by=asxCodes&asxCodes=bhp%20wow%20nab%20anz%20Rio%20PlvChange the codes in url ( eg Bhp) ( or add another Asx stock code) for it to show up on the resulting pageIf you got Google a…

Goldman Sachs $4 billion Profit comeback

The prestigious financial firm goldman Sachs is the first of the "big guns" in the sector to report its second quarter results. It has already paid back its $US10 billion ($12.6 billion) taxpayer-funded loan.US banking giant Goldman Sachs has executed an extraordinary comeback after the near meltdown of the US financial sector last year.It has delivered more than $4 billion in second-quarter net profit, easily surpassing analysts' expectations.So the banks, which provided the taxpayer with  billions of dollars and pounds, are now returning large profits. Goldman Sachs, which was given $10bn (£6bn) state aid last year, has unveiled a $2bn profit. And its staff all get handsome bonuses while its directors laugh all the way to the bank (every day, straight after breakfast).Goldman’s revenue in the three months ended June 26 was $13.8 billion, compared with $9.43 billion in the first quarter and $9.42 billion in the second quarter a year earlier. Net income rose to $3.44 bil…

Coles vs Woolworths ( The pricing war)

Fuel discount  is definetly in the spotlight , thanks to coles for bringing it to  the spotlight  and now the Grocery / Fuel discount war is on ,and we the normal people  can rub our hand in glee while we  press on those Petrol fuel bowsers buttons and fill up with a grin.Supermarket giants Woolworths and Coles have upped the ante in their price war by offering 40 cents a litre discounts on petrol. That equates to a $17.60 saving when filling up Australia’s biggest selling car, the Toyota Camry.Motorists who spend more than $300 in one visit at Coles or Woolworths supermarkets in the next three days will qualify for the discount, which must be redeemed in the next four weeks.Shoppers who spend $200 or more will get a 25 cent a litre discount, while those spending $100 or more can receive a 10 cent a litre discount.But  how many people really  feel these  discounts are not going to  be compensated by   the price of that spuds or then  can of baked beans or something else  suddenly incr…

Credit card Deals australia

The recession has been missed here in Australia  and things are picking up. With some extra cash under my belt  it was  time for me to upgrade my credit card limit , but then i thought why not instead get a new credit card  and after much research got  to this website  that gave me a varied choice  of different credit cards on the market.To Get the best credit card deals for you here is australia go to this site , they have independent reviews of many Australian credit card offers, so you can make an  really informed decision. Apply for a credit card that fits your needs, helping you save money and with reasonable interest rates. Receive the latest specials, with cheap low interest credit cards, low balance transfers, best rewards, frequent flyers, plus also we have gold, platinum, pre-paid, bank, and business credit cards. Take a look at the latest credit card promotions and specials at our promo page, allowing you to get the best offers from all the big banks in Australia.check out …

Karoon gas the 2008 / 2009 star of the markets

Karoon Gas Australia Ltd. rose the most in 10 weeks after the gas exploration company said a discovery off the northwest coast is “comparable” with Woodside Petroleum Ltd.’s initial North West Shelf find. http://www.karoongas.com.au/Karoon gained as much as A$1.32, or 16 percent, the most since May 1, to A$9.80 on the Australian stock exchange. The stock closed at A$9.02., up 6.4 percent. The benchmark ASX 200 Index was 1.5 percent lower. Find all the latest business news on KAROON GAS AUSTRALIA LIMITED published by all Fairfax Media News sources: The Sydney Morning Herald, The Age & Brisbane Times. You can:Check out the latest KAR share priceRead the latest KAROON GAS AUSTRALIA Announcements on the ASXView KAROON GAS AUSTRALIA course of sales & price historyTogether with ConocoPhillips, the second-largest U.S. refiner, Karoon is exploring for gas in the Browse Basin, which holds more than a third of Australia’s known offshore gas resources. The drilling program’s second well,…

obama and sarcozy get mesmerized

US President Barack Obama and France’s Nicolas Sarkozy wait and watch as Mayara Tavares (described variously as 16 or 17 years old), a Brazilian junior delegate at the G8, takes her place for a group photo. The Net was soon buzzing with comments about the ‘ogle office’ and how the “red-blooded’’ US Prez who “channelled his inner Bill Clinton’’ and gazed at the “bootylicious Brazilian’’ may have spent too much time with Italian premier Silvio Berlusconi.

Goldman Sachs Secret Trader software worth $$$ Hacked and leaked out to germany servers

Goldman SACHS  was near to to  the bank telling the feds the security of the U.S. financial markets is at stake. This brings us to the strange tale of Goldman Sachs Group Inc. and Sergey Aleynikov.Aleynikov, 39, is the former Goldman computer programmer who was arrested on theft charges July 3 as he stepped off a flight at Liberty International Airport in Newark, New Jersey. That was two days after Goldman told the government he had stolen its secret, rapid-fire, stock- and commodities-trading software in early June during his last week as a Goldman employee. Prosecutors say Aleynikov uploaded the program code to an unidentified Web site server in Germany.Overheard: Sergey Aleynikov's Moment‎ - 2 days agoIf you thought getting arrested at Newark airport was embarrassing for Sergey Aleynikov, try the video about how he courted his wifeAleynikov, a citizen of the U.S. and Russia, left his $400,000-a-year salary at Goldman for a chance to triple his pay at a start-up firm in Chicago …

Chinas Revenge

Rio, whose iron ore contract talks with Chinese steel mills have stalled, was “surprised” by the authorities’ action and is “not aware of any evidence that would support such an investigation,” spokesman Nick Cobban said in an e-mail today. The company hasn’t been able to contact the workers. An Australian Rio Tinto executive is being detained in China on suspicion of espionage and stealing state secrets, Foreign Affairs Minister Stephen Smith says.Mr Smith said on Wednesday Australian officials were told that the executive, Stern Hu, together with three other executives from the global mining company had been detained.He said consular officials had learned on Sunday of the detention on "espionage and stealing state secrets" allegations in talks with Chinese officials in China and with the acting Chinese ambassador in Canberra.Could this be in retaliation to the“failed Chinalco and rio deal” we wonder.

Australian share Market update

TODAYS UPDATE ON AUSTRALIAN STOCKSBendigo & Adelaide Bank (BEN) has paid $5m for 50% of the Tasmanian Perpetual Trustee’s share in Tasmanian Banking Services.Eircom Holdings (ERC) has reached a conditional agreement with its bondholders to restructure the of its Israelidirectories unit Golden Pages.Envestra(ENV) has completed a 3 year $280m facility with a syndicate of five banks.Leighton Holdings (LEI) has been awarded a AED 1.4bn project at the Khalifa Port and Industrial Zone by Abu Dhabi Ports.National Australia Bank (NAB) has created a new role to manage the exit of discounted businesses within nabCapital.Service Stream (SSM) has provided a market update and announces it CEO will step down.Australian Worldwide Explorations (AWE) has been fined NZ$52,000 in relation to an oil discharge at Tui oil fields.Lynas Corp(LYC) – the FIRB has asked China Nonferrous Metal Mining to resubmit its application for a majority stake in the company.Western Areas(WSA) has stuck a deal to sell u…

China and Australian Market Down

The Australian share market has dropped by one per cent, to a five-week closing low, as declines in the resources and energy sectors weighed on the bourse and concerns emerged over the upcoming reporting season. Aust stocks fall 1.2% to five-week lowAt 1615 AEST, the benchmark S&P/ASX200 index was down 1.16 per cent to 3,828.20, while the broader All Ordinaries index was 1.10 per cent lower at 3,784.20, the lowest close since May 28.While our own markets were down our trading partners CHINA were not faring too well in the stock market as well.Hong Kong shares hovered on Monday hit by lower energy prices and lack of fresh cues on the state of the global economy, while China shares continued their upward march despite news of Shanghai's first major IPO since last September. HK shares drop 1.2 pct but BOC Hong Kong gainsChinese toll road operator Sichuan Expressway Co on Monday said it planned to raise as much as 2 billion yuan ($292.8 million) in a public share offering in Shang…