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Thứ Hai, 25 tháng 3, 2013

Stocks to watch at noon on Tuesday

STOCKS to watch on the Australian stock exchange at noon on Tuesday:

CCV- CASH CONVERTERS - up 2.5 cents, or 1.9 per cent to $1.34

Cash Converters has obtained $60 million from Westpac Bank that the second hand dealer and short-term loan provider will use to grow its personal loan book.

KMD - KATHMANDU - down one cent or 0.5 per cent to $1.96

Kathmandu has defied difficult retail conditions to post a hefty rise in first half profit as new stores performed well and online sales grew.

SDL - SUNDANCE RESOURCES - in a trading halt, last traded at 21 cents

Sundance Resources says suitor Hanlong will not be able to meet its financial deadline for its $1.3 billion takeover of the Africa-focused iron ore hopeful.

UGL - UGL - up 83 cents, or 8.8 per cent to $10.26

MELBOURNE - Engineering and property services provider UGL is reviewing its corporate structure now that the property business generates nearly 50 per cent of group earnings.


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Thứ Tư, 13 tháng 3, 2013

Watch it live: Pope election

Cardinals, new pope, rome

Cardinals attend the Pro Eligendo Romano Pontifice Mass at St Peter's Basilica, before they enter the conclave to decide who the next pope will be. (Photo by Franco Origlia/Getty Images) Source: Getty Images

BLACK smoke has billowed from the chimney of the Sistine Chapel, meaning Roman Catholic cardinals have not elected a pope in their second or third rounds of balloting.

Cardinals voted twice on Wednesday morning (Vatican time) in Michelangelo's famed frescoed chapel, but no candidate received the necessary 77 votes.

The 115 cardinals held a first inconclusive vote in the Sistine Chapel in Rome earlier as they began the process of finding a successor to Pope Benedict XVI, 85, who made history last month by becoming the first pope in 600 years to step down.

The black smoke, created from the burning of the ballots in a stove in the chapel and aided by some added chemicals including potassium and sulphur billowed above the Vatican, indicating that no-one had gained the two-thirds majority needed to become the 266th Roman pope.

"I'm not happy to see black smoke. We all want white," said the Reverend ThankGod Okoroafor, a Nigerian priest studying theology at Holy Cross University in Rome. "But maybe it means that the cardinals need to take time, not to make a mistake in the choice."

The Vatican's $29m stake in Europe's biggest gay spa

White smoke, produced by mixing the smoke from burning ballots with special flares, would indicate that a new head of the Roman Catholic Church has been chosen.

As they awaited the outcome of the first vote, suspense mixed with hopes among the tens of thousands of pilgrims in St Peter's Square - and in the Catholic Church worldwide, which is struggling in many parts with scandals, indifference and conflict.

VATICAN-CARDINALS-POPE-CONCLAVE

Thousands gather on St Peter's square waiting for the smoke announcing the result of the first vote of the conclave at the Vatican. AFP PHOTO / JOHANNES EISELE

The Vatican spokesman the Rev. Federico Lombardi insisted that the continued balloting was part of the natural course of the election and didn't signal divisions among cardinals. He noted that only once in the past century had a pope been elected on the third ballot: Pope Pius XII, elected on the eve of World War II.

"This is very normal," he said. "It's not a sign of particular divisions within the college, but rather of a normal process of discernment."

Among the cardinals Italy's Angelo Scola, Brazil's Odilo Scherer and Canada's Marc Ouellet - all conservatives like Benedict - are the three favourites but there is no clear frontrunner and conclaves are notoriously difficult to predict.

Cardinal Peter Erdo of Hungary has the backing of European cardinals who have twice elected him as head of the European bishops' conference.

On the more pastoral side is Cardinal Sean O'Malley of Boston, the favourite of the Italian press, and Cardinal Timothy Dolan, the back-slapping, outgoing archbishop of New York who has admitted himself that his Italian is pretty bad - a drawback for a job that is conducted almost exclusively in the language.

The American candidates, however, did get a boost of sorts on Wednesday: President Barack Obama, who has clashed with American bishops over his health care mandate, indicated the Catholic Church could certainly tolerate a superpower pope since Catholic bishops in the US "don't seem to be taking orders from me."

In an interview with ABC News, he said an American pope would preside just as effectively as a leader of the Catholic church from any other country.

Some analysts suggest that Benedict's dramatic act - the first papal resignation in over 700 years - could push the cardinals to take an equally unusual decision and that an outsider could emerge as a compromise candidate.

Cardinals have held an inconclusive vote in the Sistine Chapel as they begin the process of electing a pope.

Hopes are high in the Philippines for the popular Archbishop of Manila, Luis Antonio Tagle, and on the African continent for South Africa's Wilfrid Napier, the archbishop of Durban, but in practice their chances are very slim.

Two-thirds of the cardinals are from Europe and North America and the view among many experts is that only someone with experience of its inner workings can reform the scandal-tainted Vatican bureaucracy, the Roman Curia.

The drama is playing out against the backdrop of the church's need both for a manager who can clean up an ungovernable Vatican bureaucracy and a pastor who can revive Catholicism in a time of growing secularism.

The difficulty in finding both attributes in one man, some analysts say, means that the world should brace for a long conclave - or at least one longer than the four ballots it took to elect Benedict in 2005.

"We have not had a conclave over five days since 1831," noted the Rev. Thomas Reese, author of Inside the Vatican, a bible of sorts for understanding the Vatican bureaucracy. "So if they are in there over five days, we know they are in trouble; they are having a hard time forming consensus around a particular person."

Breakfast was served for the cardinals in Domus S. Marthae at 6:30am (4:30pm AEDT). They will be transferred to the Sistine Chapel at 7:45am (5:45pm AEDT).

Today's timetable for the cardinals is:

08:15 (6:15pm AEDT) – Mass

Morning vote(s) (scrutiny(ies) taken

12:30pm (10:30pm AEDT): Cardinals return to Domus Sanctae Marthae

1pm (11pm AEDT) – Lunch

4pm (2am Thursday AEDT) - Cardinals return to Sistine Chapel

4:50pm (2.50am AEDT) – Scrutinies taken

7:15pm (5.15am AEDT) – Vespers

7:30pm (5.30am) – Cardinals return to Domus Sanctae Marthae


View the original article here

Watch it live: Pope election

Cardinals, new pope, rome

Cardinals attend the Pro Eligendo Romano Pontifice Mass at St Peter's Basilica, before they enter the conclave to decide who the next pope will be. (Photo by Franco Origlia/Getty Images) Source: Getty Images

BLACK smoke has billowed from the chimney of the Sistine Chapel, meaning Roman Catholic cardinals have not elected a pope in their second or third rounds of balloting.

Cardinals voted twice on Wednesday morning (Vatican time) in Michelangelo's famed frescoed chapel, but no candidate received the necessary 77 votes.

The 115 cardinals held a first inconclusive vote in the Sistine Chapel in Rome earlier as they began the process of finding a successor to Pope Benedict XVI, 85, who made history last month by becoming the first pope in 600 years to step down.

The black smoke, created from the burning of the ballots in a stove in the chapel and aided by some added chemicals including potassium and sulphur billowed above the Vatican, indicating that no-one had gained the two-thirds majority needed to become the 266th Roman pope.

"I'm not happy to see black smoke. We all want white," said the Reverend ThankGod Okoroafor, a Nigerian priest studying theology at Holy Cross University in Rome. "But maybe it means that the cardinals need to take time, not to make a mistake in the choice."

The Vatican's $29m stake in Europe's biggest gay spa

White smoke, produced by mixing the smoke from burning ballots with special flares, would indicate that a new head of the Roman Catholic Church has been chosen.

As they awaited the outcome of the first vote, suspense mixed with hopes among the tens of thousands of pilgrims in St Peter's Square - and in the Catholic Church worldwide, which is struggling in many parts with scandals, indifference and conflict.

VATICAN-CARDINALS-POPE-CONCLAVE

Thousands gather on St Peter's square waiting for the smoke announcing the result of the first vote of the conclave at the Vatican. AFP PHOTO / JOHANNES EISELE

The Vatican spokesman the Rev. Federico Lombardi insisted that the continued balloting was part of the natural course of the election and didn't signal divisions among cardinals. He noted that only once in the past century had a pope been elected on the third ballot: Pope Pius XII, elected on the eve of World War II.

"This is very normal," he said. "It's not a sign of particular divisions within the college, but rather of a normal process of discernment."

Among the cardinals Italy's Angelo Scola, Brazil's Odilo Scherer and Canada's Marc Ouellet - all conservatives like Benedict - are the three favourites but there is no clear frontrunner and conclaves are notoriously difficult to predict.

Cardinal Peter Erdo of Hungary has the backing of European cardinals who have twice elected him as head of the European bishops' conference.

On the more pastoral side is Cardinal Sean O'Malley of Boston, the favourite of the Italian press, and Cardinal Timothy Dolan, the back-slapping, outgoing archbishop of New York who has admitted himself that his Italian is pretty bad - a drawback for a job that is conducted almost exclusively in the language.

The American candidates, however, did get a boost of sorts on Wednesday: President Barack Obama, who has clashed with American bishops over his health care mandate, indicated the Catholic Church could certainly tolerate a superpower pope since Catholic bishops in the US "don't seem to be taking orders from me."

In an interview with ABC News, he said an American pope would preside just as effectively as a leader of the Catholic church from any other country.

Some analysts suggest that Benedict's dramatic act - the first papal resignation in over 700 years - could push the cardinals to take an equally unusual decision and that an outsider could emerge as a compromise candidate.

Cardinals have held an inconclusive vote in the Sistine Chapel as they begin the process of electing a pope.

Hopes are high in the Philippines for the popular Archbishop of Manila, Luis Antonio Tagle, and on the African continent for South Africa's Wilfrid Napier, the archbishop of Durban, but in practice their chances are very slim.

Two-thirds of the cardinals are from Europe and North America and the view among many experts is that only someone with experience of its inner workings can reform the scandal-tainted Vatican bureaucracy, the Roman Curia.

The drama is playing out against the backdrop of the church's need both for a manager who can clean up an ungovernable Vatican bureaucracy and a pastor who can revive Catholicism in a time of growing secularism.

The difficulty in finding both attributes in one man, some analysts say, means that the world should brace for a long conclave - or at least one longer than the four ballots it took to elect Benedict in 2005.

"We have not had a conclave over five days since 1831," noted the Rev. Thomas Reese, author of Inside the Vatican, a bible of sorts for understanding the Vatican bureaucracy. "So if they are in there over five days, we know they are in trouble; they are having a hard time forming consensus around a particular person."

Breakfast was served for the cardinals in Domus S. Marthae at 6:30am (4:30pm AEDT). They will be transferred to the Sistine Chapel at 7:45am (5:45pm AEDT).

Today's timetable for the cardinals is:

08:15 (6:15pm AEDT) – Mass

Morning vote(s) (scrutiny(ies) taken

12:30pm (10:30pm AEDT): Cardinals return to Domus Sanctae Marthae

1pm (11pm AEDT) – Lunch

4pm (2am Thursday AEDT) - Cardinals return to Sistine Chapel

4:50pm (2.50am AEDT) – Scrutinies taken

7:15pm (5.15am AEDT) – Vespers

7:30pm (5.30am) – Cardinals return to Domus Sanctae Marthae


View the original article here

Thứ Năm, 21 tháng 2, 2013

Stocks to watch at noon on Friday

STOCKS to watch on the Australian stock exchange Friday, February 22

AAD - ARDENT LEISURE GROUP - down 11.5 cents at $1.475

Ardent Leisure has boosted its half year profit by 11 per cent, largely thanks to its newly acquired health clubs and entertainment centres in the US.

ABC - ADELAIDE BRIGHTON LTD - up eight cents at $3.36

Cement maker Adelaide Brighton expects a slow recovery in residential building to offset any slowdown in mining construction.

AMP - AMP LTD - down two cents at $5.42

Financial services firm AMP has lifted its annual profit by two per cent as it continues to benefit from its merger with AXA Asia Pacific.

APN - APN NEWS & MEDIA LTD - steady at 27 cents

The week has gone from bad to worse for APN News and Media as the trans-Tasman publisher reported a massive full year loss amid further writedowns on its newspaper assets.

ASX - ASX LTD - down $1.26 at $35.76

Share market operator ASX's first half profit has fallen by 2.5 per cent due to lower investor activity in the first three months of the 2012/13 financial year.

AWC - ALUMINA LTD - down 3.5 cents at $1.215

Alumina's full year net losses have blown out and the troubled aluminium producer is bracing itself for more uncertainty ahead.

BXB - BRAMBLES INDUSTRIES LTD - up eight cents at $8.59

Pallet supplier Brambles has maintained its growth forecasts as it looks to expand in central and eastern Europe after posting a 26 per cent increase in first half profit.

EGP - ECHO ENTERTAINMENT GROUP LTD - down one cent at $3.47

Casinos operator Echo Entertainment Group says building a new integrated casino resort in Brisbane could cost around $1 billion.

CAB - CABCHARGE LTD - down 35 cents at $4.78

Cabcharge has delivered a big lift in first half profit but its shares tumbled as the results were below under market expectations.

FXJ - FAIRFAX MEDIA LTD - down 1.5 cents at 53 cents

Fairfax Media has signalled it will chase even deeper cost cuts after reporting a fall in underlying first-half earnings and warning poor advertising spending will continue to drag on revenue.

IAG - INSURANCE AUSTRALIA GROUP LTD - up 15 cents at $5.57

Insurance Australia Group (IAG) has raised its performance targets for the full year after fewer natural disasters contributed to a sharp rise in its first half profit.

ILU - ILUKA RESOURCES LTD - down 15 cents at $10.20

Iluka Resources is confident of a recovery in the mineral sands industry this year but it won't come quickly enough to save 200 jobs it has decided to axe

ORG - ORIGIN ENERGY LTD - down $1.05 at $11.33

Energy producer and retailer Origin Energy predicts profits will fall further than expected in the second half as it moves to slash 850 jobs.

PPX - PAPERLINX LTD - down 0.5 cents at 9.2 cents

Stationery company Paperlinx has announced a first half loss of $57.3 million due to weak market conditions.

QAN - QANTAS AIRWAYS LTD - up 4.5 cents at $1.66

Qantas' key domestic operations have suffered a steep drop in first half earnings as the battle for market share forces down airfares.

TLS - TELSTRA CORPORATION - down six cents at $4.50

Telstra is axing 648 jobs from its troubled Sensis division, which runs Yellow Pages, White Pages and Trading Post.

TTS - TATTS GROUP LTD - down six cents at $3.25

Lotteries and wagering operator Tatts Group says its online operations are growing strongly, and it is looking at further opportunities in that area.

VRL - VILLAGE ROADSHOW LTD - steady at $4.52

Village Roadshow says it's cashing in on people's willingness to indulge in a little pleasure, after posting an 18 per cent lift in half year profit.

WHC - WHITEHAVEN COAL LTD - down 19 cents at $2.94

Whitehaven Coal chairman Mark Vaile insists the miner's growth plans are on track despite a bad year culminating in the resignation of respected chief executive Tony Haggarty.

WOW - WOOLWORTHS LTD - down 43 cents at $33.85

Woolworths has questioned calls for more supermarket regulation as the competition watchdog signals a renewed focus on market power.


View the original article here