Daily Forecast - 26/10/2009
The Australian Dollar opens marginally lower on Monday against the greenback at 0.9201. Last Friday saw another move towards US93 cents as investors sold the Japanese Yen to move into higher-yielding currencies, in what is commonly known as a carry trade. The local unit is nudging one-year highs against the Yen at 84.58. In offshore action the Aussie retreated beneath US92 cents after Wall Street fell 1 per cent, giving back the gains of the previous session and sapping the market's confidence...
Oil falls to around $80 on recovery concerns
Oil fell for a third day to around $80 a barrel on Monday, extending its retreat from last week's one-year high, on renewed concerns about the strength of the global economy.
Stock futures point to higher open for Wall Street
Stock index futures pointed to a higher open on Monday for Wall Street, which fell on Friday.
Global stocks edge higher; China report hits dollar
A Chinese report saying Beijing should increase its holdings of euros and yen in its foreign reserves knocked the already battered dollar on Monday while global stocks sought to recover from last week's weakness.
CORRECTED: Asian shares uneven; China article trips dollar
(Corrects paragraph 4 to say inventory adjustments, rather than inventory building and drops reference to rates)
America beat Guadalajara in first game shown in 3D
Excited Mexicans clutching buckets of popcorn and soft drinks in cinemas ducked whenever the ball was kicked toward them as they watched Sunday's big game between America and Guadalajara in 3D.
HealthSouth plans to fund dissident nominees' expenses: report
HealthSouth Corp , a U.S. hospital operator, plans to unveil a new corporate bylaw that will reimburse activist shareholders for the expense of unseating management-backed directors, the Wall Street Journal said on its website.
Oil falls below $80 on economic recovery concerns
Oil fell for the third day to below $80 a barrel on Monday, as investors continued to take profit from last week's one-year high on renewed concerns about the strength of the global economy.
Deloitte says 2009 global revenue falls 4.9 percent
Global accounting firm Deloitte Touche Tohmatsu said on Monday revenue at its member firms slipped 4.9 percent in fiscal 2009 to $26.1 billion, hurt by a decline in deal activity in the worldwide economic downturn.
Asian shares uneven; China article trips dollar
Shares in Japan and South Korea rose on Monday, with Seoul lifted by strong economic growth data, while the dollar slid after a Chinese article said Beijing should raise its euro and yen holdings in its reserves.
Legg Mason to elect investor Nelson Peltz to board
Billionaire activist investor Nelson Peltz will be elected to Legg Mason Inc's board, the U.S. asset manager said on Monday, in a move that would avoid a proxy fight for the next two years.
Sony partners with Netflix to stream movies on PS3
Sony Corp said on Monday it is partnering with Netflix Inc to provide access to the online movie rental company's library through Sony's PlayStation 3 video game console.
EU may force BA, AA to give up air slots
British Airways , American Airlines and Iberia may have to give up take-off and landing slots for their Oneworld trans-atlantic alliance to go ahead, the Financial Times reported on Monday.
Leftist, ex-president head for Uruguay vote run-off
Israeli police stormed Jerusalem's al-Aqsa mosque compound on Sunday, hurling stun grenades at Palestinians who threw rocks at them, in another outbreak of violence at the holy city's most sensitive site.
South Korea shifts course on aid to North Korea
South Korea will make a small grant of humanitarian aid to North Korea, ending its suspension of handouts after a series of conciliatory gestures from its destitute rival, an official said on Monday.
U.S. healthcare system wastes up to $800 billion a year
The U.S. healthcare system is just as wasteful as President Barack Obama says it is, and proposed reforms could be paid for by fixing some of the most obvious inefficiencies, preventing mistakes and fighting fraud, according to a Thomson Reuters report released on Monday.
Sony in PS3 movie streaming deal with Netflix
Sony said on Monday it is partnering with Netflix to provide access to the online movie rental company's library through Sony's PlayStation 3 video game console.
Sony optical drives probed by anti-trust watchdog
Sony Corp said on Monday that its U.S. optical disc drive operations are under investigation for possible violations of anti-trust regulations, and indicated that other regulators could follow suit.
ECB's Noyer warns banks on excessive risk-taking
European Central Bank Governing Council member Christian Noyer warned that banks are taking the same risks that led to the financial crisis and said they should preserve capital rather than pay it out to bankers and investors.
EU may force BA, American to give up air slots- FT
British Airways , American Airlines and Iberia may have to give up take-off and landing slots for their Oneworld transatlantic alliance to go ahead, the Financial Times reported on Monday.
Noyer warns banks on excessive risk
European Central Bank Governing Council member Christian Noyer warned that banks are taking the same risks that led to the financial crisis and said they should preserve capital rather than pay it out to bankers and investors.
Daily Wrap Up - Oct 25
Spotlight on Company Monitors; Week Ahead in Stocks; Blackstone's Float
Capmark Financial files for bankruptcy
Commercial real estate company Capmark Financial filed for bankruptcy protection on Sunday, wiping out the investment of several private equity firms including Kohlberg Kravis Roberts & Co.
Wall St. pay wrath thrusts directors in spotlight
Outrage over the lavish compensation that Wall Street has awarded itself for doing a crummy job is likely to increase the focus and burdens on the people who set and monitor how pay is doled out: corporate directors
EU may force BA, American to give up air slots: report
British Airways , American Airlines and Iberia may have to give up take-off and landing slots for their Oneworld transatlantic alliance to go ahead, the Financial Times reported on Monday.
Heineken has held talks to buy Femsa: report
Dutch brewer Heineken has held discussions to buy the brewing operations of Mexican conglomerate Femsa , the Financial Times reported on Sunday in its electronic edition.
Workers on Twitter, Facebook cost businesses $2.3 Million a year
Office workers that spend more than 40 minutes a week on social networking sites like Facebook, Twitter and MySpace are costing businesses around $2.3 billion a year in lost productivity, according to a new survey.
Land deal advisor resigns from Calpers
The real estate investment manager who led the California Public Employees' Retirement System, the nation's largest pension fund, into a money-losing land venture has resigned as an adviser to the fund, a spokeswoman for MacFarlane Partners said on Saturday.
BP's new chairman to lead boardroom shakeup: report
BP's incoming chairman, the former Ericsson boss Carl-Henric Svanberg, will lead a shake-up of the oil giant's boardroom when he takes over, The Sunday Times reported.
Shrimp's eye points way to better DVDs
The amazing eyes of a giant shrimp living on Australia's Great Barrier Reef could hold the key to developing a new type of super high-quality DVD player, British scientists said on Sunday.
