IBT Staff Reporter

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Daily Forecast - 31/3/2010

The Australian dollar advanced again for the second day against the Greenback pushed on by gains in commodities.

Chiadzwa, diamond fields on killing fields?

Zimbabwe is a nation with lots of diamonds and minerals but is one of the poorest in the world. Its inflation rate is almost 1,00,000 per cent. And in Zimbabwe, there is a place called Chiadzwa, which is known for its massive diamond deposits that can be dug out with simple tools only a few feet below the ground.

Kijiji begone: EBay rebranding U.S. classified site

EBay Inc is rebranding its Kijiji classifieds business in the United States as eBayClassifieds.com, as it strives to replace Craigslist.com as the dominant player in the world's largest classified advertising market.

Forex - Consumer confidence rebounds, home prices rise

Consumer confidence rebounded in March, while home prices rose in January for the eighth straight month according to a closely watched housing index, bolstering hopes for a sustainable economic recovery. The data on Tuesday came a day after news of further gains in consumer spending as Americans feel more confident about the economy. Consumer participation is critical for the durability of the recovery that started in the second half of 2009.

New guideline on osteoporosis for Australian GPs

To address the significant health consequence of osteoporosis, under diagnosis and under treatment of the disease, the Royal Australian College of General Practitioners (RACGP) has launched a new osteoporosis guideline to provide clear, evidence-based recommendations to assist GPs in the management of osteoporosis sufferers.

Supreme Court hands victory to mutual fund industry

The Supreme Court handed a victory to the $11 trillion mutual fund industry by endorsing a 1982 legal standard to decide the fairness of fund fees, a ruling that gives companies considerable freedom to set investment adviser charges.

Top court hands victory to mutual fund industry

The U.S. Supreme Court handed a victory to the $11 trillion mutual fund industry by endorsing a 1982 legal standard to decide the fairness of fund fees, a ruling that gives companies considerable freedom to set investment adviser charges.

Consumer confidence rebounds, home prices rise

Consumer confidence rebounded in March, while home prices rose in January for the eighth straight month according to a closely watched housing index, bolstering hopes for a sustainable economic recovery.

Toyota says March U.S. sales rose about 35 percent

Toyota Motor Corp's U.S. sales rose about 35 percent in March from a year earlier after the automaker offered steep discounts to win back consumers after massive recalls, a U.S. executive said on Tuesday.

Wall Street edges up on Apple, but financials drag

U.S. stocks rose in a slow session on Tuesday as Apple Inc and Verizon Communications Inc climbed, while data showing more stabilization in the economy helped offset profit-taking in the financial sector.

Wall St. edges up on Apple, but financials drag

U.S. stocks rose in a slow session on Tuesday as Apple Inc and Verizon Communications Inc climbed, while data showing more stabilization in the economy helped offset profit-taking in the financial sector.

Economist Johnson urges breakup of big U.S. banks

America's big banks must be broken up and their risk-taking curtailed or the world's richest economy will face another massive financial crisis, former IMF chief economist Simon Johnson says in a new book.

Google cites tech glitch for China search problems

Google Inc said many users in China were blocked from using its search service on Tuesday by a technical glitch that made their search queries appear to be associated with Radio Free Asia, which is blocked by Chinese authorities.

Toyota sees 35 percent rise in March U.S. sales

Toyota Motor Corp's U.S. sales jumped about 35 percent in March from a year earlier after the automaker offered steep discounts to win over consumers who had shied away after massive recalls, a U.S. executive said on Tuesday.

Chrysler on track to break-even in 2010

Chrysler Group LLC is on track to break even on an operating basis in 2010 and is ahead of its turnaround targets, Chief Executive Sergio Marchionne said on Tuesday.

Kijiji begone: EBay rebrands classified site

EBay Inc will rebrand its Kijiji classifieds business in the United States as eBayClassifieds.com, in an about-face for a venture the company once touted as a challenger to popular Craigslist.com.

Data helps Wall Street but debt worries weigh

U.S. stocks stayed near the break-even point on Tuesday as persisting worries about overseas fiscal problems offset optimism over data that underscored the view the economy was stabilizing.

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