Hot Penny Stocks

IOOF  has been steadily  gaining the attention of the  Big guns and could possibly be a target for takeover with  the economy looking good  currently
So who are  IOOFS MAJOR  shareholders ?
Blackrock Investment Management (Australia)
Bendigo and Adelaide Bank

First AXA Asia Pacific, next IOOF? According to the Herald Sun,institutional investors are cementing their position in IOOF, [...]

China’s stocks rose 4.52 percent on Thursday’s close. The benchmark Shanghai Composite Index rose 4.52 percent, or 126.00 points, to finish at 2,911.58. The Shenzhen Component Index rose 3.91 percent, or 438.43 points, to end at 11,648.35.Combined turnover expanded only slightly to 191.33 billion yuan ($28.01 billion) from 191.07 billion yuan on the previous trading [...]

 
Italy and Russia the biggest importers of Indian coffee  have massively slowed down on thier coffee imports.Total trade growth of Australia with India for 2008 has risen to  $15.356 billion.Blistering rise in the value of the rupee gives sleepless nights to Indian exporters, forcing many to shut down
India’s exports fell in May for the eighth [...]

2.2 million people lodged their tax return themselves last year by e-tax and that number is increasing.
Australian tax return tips
This year we can expect, on average, a tax return increase of more than $300 based on goverment grants and reductions.
"It’s gone up quite considerably, we reckon last year people got about two thousand dollars, [...]

Investors have voted in favour of replacing the management of the City Pacific First Mortgage Fund.

(Adds details, comments) By Denny Thomas and Adrian Bathgate

Treasury Secretary Ken Henry says federal budget forecasts may have been too pessimistic.

* Prices up after Nigeria militants attack pipeline again * Huge U.S. gasoline, distillate stockbuild weigh

Coca-Cola Amatil’s managing director says the worst is yet to come, and weaker companies will submit to the strong.

* Dollar edges down vs euro but still near post-Fed levels * Fed: no change on debt buying, deflation less of a threat