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"AusTex Oil updates their well development program. Australia (Sharewellnewswire) July 31, 2012 - United States focused oil & gas producer AusTex Oil Limited (ASX: AOK, OTCQX: ATXDY) is pleased to report oil and gas production rates for the month of June 2012. Production for the month of June increased to 299 BOE/d, a 75% increase on the prior month. The increase was due largely to the contribution from the Balder #1 horizontal well, in which AusTex participated with Range Resources Inc. (NYSE: RRC). Improved production from the Company's producing vertical wells also contributed. "

"US apartment rents have increased at a rate that has not been seen since before the financial crisis and in the second quarter vacancies have dropped to the lowest level in 10 years."

"Reports that job openings increased in May after dropping in April eased concerns that the US jobs market is faltering. The Labor Department also said that confidence among small companies plunged in June. "

"The Bank of Japan has held back increase of monetary stimulus with the result that stocks dropped. This has resulted in the bank increasing its asset-purchase fund and reducing a credit-loan facility by the same amount."

"Glencore International Plc's 16.9 billion pound ($26.4 billion) bid for the rest of Xstrata Plc was opposed by the Qatar Holding LLC, the second-largest shareholder in Xstrata asking for the bid to be increased by 16 percent."

"Almost out of nowhere, Pinterest has emerged as the third most popular social networking site in February. The traffic on this site increased 50 percent from January to February this year. "

"Ford Motor expects that it losses for its international operations will increase threefold in the second quarter from the first quarter loss, mainly because of Europe's economic woes."

"The US economy is cooling off, which is evident from the government data released on Friday that showed consumers spent less in May and increased their savings. Personal spending dropped less than 0.1 percent in May, which represented the first decline since last November. "

"IT services giant Accenture Plc Thursday reported an increase in third-quarter profit, as revenues grew at all operating groups and geographic regions, especially in outsourcing business."

"The chief executive of Barclays Bank is coming under increased pressure from politicians to resign after the bank was fined $450 million for manipulating interest rates at which banks lend to each other. He has agreed to give up his bonus this year. "

"Reverse mortgages are increasing in the US as homeowners are taking out a reverse mortgage at the first available opportunity, which is the age of 62, as per federal law. Most of the home owners are paying off their debt with the proceeds and also using it to supplement retirement income."

"Although, the demand for long-lasting manufactured goods sprang back more than expected in May with an increase in a gauge of planned business spending, this momentum is not likely to be sustained due to a staggering global economy."

"Alcoa Inc reported second-quarter earnings and revenue that beat analysts' estimates after an increase in orders from the auto and aerospace industries."

"Patriot Coal Corp has filed for bankruptcy protection as it was facing increasing pressures in recent months with demand for coal plunging to a 24-year low due to a shift to natural gas and milder winters, falling thermal coal prices, canceled customer contracts and rising costs for environmental liabilities. "

"Although, Alcoa posted a second-quarter loss from a year-ago profit, mainly because of high charges and weak aluminum prices, it backed its forecast for high global demand later in the year after an increase in orders from the auto and aerospace industries."

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BDI President Dieter Kempf comments on Donald Trump's first 100 days in office and tax policies.