

Yesterday the Australian shares closed higher led by banks and the resources sector. The benchmark S&P/ASX200 index rose 38.7 points, or 1.12 per cent, at 3508.6, while the broader All Ordinaries gained 38.3 points, or 1.12 per cent, at 3445.8. The market is expected to be quiet when investors await the details of the US rescue plan.
SAI Global Limited (ASX:SAI) today posted a 140.5% increase in net profit after tax for the six-month period ended on 31 December 2008. When compared to the result for the corresponding period before the impact of non-recurring charges incurred in that period, the increase was 57.5%.
On Friday the Australian stock market ended higher on the recovery in mining sector. The benchmark S&P/ASX200 index closed up 21.4 points, or 0.61%, at 3550.9, while the broader All Ordinaries gained 18.1 points, or 0.52%, to 3494.9. Analysts expect the market may keep its way of turbulence in the reporting season until some clarity of the economy could be seen. Tomorrow Barack Obama's inauguration will be the focus of the week to boost some confidence in the market.
Yesterday the Australian share market closed moderately stronger driven by an improvement in financial stocks. But actually Australia's big four banks have lost almost A$80 billion in share market value since reaching highs late last year. The financial stocks have been hit by specific issues which include fears of bad debts or how much the credit crunch will squeeze banks margins.
SAI Global Limited (ASX: SAI) today announced that its Assurance strategy had been given a major boost with the Canadian Standards Association choosing SAI as acquirer of the prestigious Quality Management Institute ("QMI"), the leading Auditing and Certification Body (or Registrar) in Canada and the United States. An Asset Purchase Agreement has been signed and financial completion is scheduled for 29 February 2008, subject to customary closing conditions.
Grove Research and Advisory has sold a 50% stake in its business to Western Financial and appointed former SAI Global boss Ross Wraight as Executive Chairman.
As Northern Rock's customers are standing queuing in the streets, one of the world's leading standards and independent auditing bodies has launched a campaign in the United Kingdom designed to monitor and report on the sustainability of British business.
SAI Global Limited (ASX: SAI) telah bergabung dalam delegasi perdagangan dan investasi tingkat tinggi ke Indonesia dalam upaya untuk membantu mendorong reformasi dalam sektor layanan di negara tersebut. Delegasi yang terdiri dari 35 orang Eksekutif dari beberapa perusahaan Australia yang didukung oleh Pemerintah Federal ini adalah rombongan resmi terbesar yang mengunjungi Indonesia sejak krismon tahun 1997.
SAI Global Limited (ASX: SAI) has joined a high level trade and investment delegation to Indonesia in a bid to help drive reform in the country's service sector. The Federal government backed delegation of 35 Chief Executives Officers from leading Australian companies was the largest official group to visit Indonesia since the 1997 financial crisis.
SAI Global Limited (ASX: SAI) has appointed two leading electronic publishers to drive the expansion of its global publishing. Andy Wyszkowski has been appointed to the new role of Global Head of Business Publishing, and Martijn Laguna has been appointed General Manager Publishing Asia Pacific (designate), to replace Howard Paul, the incumbent, when he retires during the next financial year.