Global Markets

Raw Milk

From Companies 6:14 am

Aussie Milk Farmers Told to Brace for 10-15% Drop in Milk Prices Due to Global Supply Glut

There is too much milk supply available globally that Dairy Australia warned Aussie farmers to expect a 10 per cent to 15 per cent drop in milk prices in 2013.

The No.3 nuclear reactor of the Fukushima Daiichi nuclear plant at Minamisoma is seen burning

From Politics & Policy 5:16 am

China’s Nuclear Safety and Development Plan Nears Approval

It looks the safety and development plan that is currently being modified by Chinese regulators and planners for its nuclear industry will have its stamp of approval by June.

E.ON in talks over $5.6 billion UK unit sale

From Companies 5:12 am

Macquarie Consortium Buys E.ON Gas Grid for $4.1 Billion

A Macquarie consortium purchased for $4.1 billion the gas grid of German energy firm E.ON. Open Grid Europe runs Germany's biggest gas transmission system and is about 12,000 kilometres long.

A trader enters an order by a post that sells JP Morgan Chase stock on the floor of the New York Stock Exchange

From Politics & Policy 4:19 am

Australian Stock Market Report – Midday 5/17/2012

Yesterday was another down day for the Australian share market, with widespread selling in all sectors apart from the utilities, the All Ordinaries Index (XAO) ended off 101 points to 4,214 points.

From Global Markets 3:14 am

No Greek Exit, Says ANZ

By Greg PeelANZ believes the odds of Greece leaving the eurozone are only 30%, hence the odds of the zone remaining intact as is are 70%.

Gold pellets

From Politics & Policy 3:38 am

2011 Gold Production in Tanzania Up 13%

Production of the precious safe haven yellow metal gold by Tanzania, Africa's fourth largest gold producer, jumped 13 per cent to 40.4 tonnes in 2011 from 35.6 tonnes in 2010, as companies increased production output prompted by the metal's rising price during the period in reviews.

From Companies 3:28 am

Samsung Shares Fall Further On Apple-Elpida Alliance Fears

Shares in South Korea's Samsung Electronics extended their heavy slide on Thursday, on speculation that arch rival Apple Inc is looking to cut its reliance on Samsung memory chips and turn increasingly to Japanese chipmaker Elpida.

From Global Markets 11:31 pm

The Overnight Report: Trying Hard

By Greg PeelThe Dow closed down 33 points or 0.3% while the S&P lost 0.4% to 1324 and the Nasdaq dropped 0.

From Companies 2:11 am

Brokerages Stop Taking Facebook Orders

Investors who want Facebook shares when the social network goes public may have lost the opportunity. Some brokers have stopped accepting orders.

Dollar bills being counted

From Politics & Policy 1:53 am

Australian Dollar Outlook - 05/17/2012

Bell FX Currency Outlook: The AUD is trading just above USD0.9900 this morning after falling to a low close to USD0.9870 overnight.