Daily FNArena News

Optus is set to expand its 3G coverage from 55% to 96% throughout Australia. Intersuisse flags two small caps that might do well from the initiative.

As the yen hits a four-year low, observers fear the ramifications of a Japanese interest rate hike.

There are rumblings in Davos, and it’s not from too much chocolate. China is moving quickly to secure Africa’s natural resources, and the world is worried.

The Nine Network has finally run out of sporting events or other statistical manipulations to claim “We’re Still Number One”. Seven has taken the mantle, and Ten has kicked Nine while it’s down as well.

Oxiana’s quarterly production report was overshadowed by its announcement of a friendly bid for Agincourt yesterday. Some brokers like it.

Business conditions throughout Australia are easing but from strong levels in the September quarter, NAB reports. Wages growth is up 5% now and thus a concern.

All metals were trounced last night as inventory reports were higher and oil took a tumble.

Market rumours have been vindicated with Conquest Mining reporting ‘spectacular drilling results’, with more to come.

News broke last week that the IMF would change the rules to stop central banks’ manipulation of gold reserves through gold lending. This should be very bullish for gold, but the IMF is promising nothing yet.

Have analysts had enough? It must be time to stop believing Newcrest’s Telfer is ever going to live up to its supposed potential.