Daily FNArena News - Australia

Organisations from Exxon to the Bill Gates Foundation have invested heavily in the race to produce biofuel from algae. One Australian company is ahead of the game, and is now in the process of an IPO.

The RBA’s expectations for inflation – which was contrary to most economists – have come to pass to ensure rates remain on hold.

A snapshot of economist responses to today’s June retail sales and dwelling approvals data, both numbers coming in softer than the market had expected.

The RBA today acted as expected by not lifting its cash rate above 4.5%.

Tips and ideas from various stockbroker strategists.

With clients reducing their maintenance work brokers are now questioning the outlook for painting contractor Programmed Maintenance.

While trading conditions for the Macquarie Group appear worse than assumed, brokers are looking to longer term apparent value to rate Australia’s only investment bank.

Increased competition is making attracting subscribers more difficult for Pay-TV group Austar, so brokers are trimming expectations for the stock.

Stockbrokers like the long-term potential for Riversdale Mining, but disappointments could pop-up in the medium-term.

Whitehaven continues to make progress at its Narrabri longwall operation