The GSMA today announced new developments in its Mobile Money Transfer (MMT) programme, an initiative that leverages mobile to facilitate access to money transfer services. To complement the successful alliance that has been in place with Western Union for the past eighteen months, the GSMA has selected Belgacom International Carrier Services (Belgacom ICS) and it's technology provider eServGlobal, to broaden the reach of the MMT Programme.

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.

eServGlobal Limited (LSE:ESG)(ASX:ESV), a worldwide supplier of independent and flexible telecommunications Value Added Services for Messaging and Charging solutions, today announces the launch of its revolutionary Social Relationship Manager (SRM) software that joins mobile telephone networks with popular internet social networking sites.

eServGlobal Limited (LON:ESG)(ASX:ESV), a provider of end-to-end solutions, enabling smart communication and payment services for service providers on any generation network, today announces updated guidance for the half year ended 31 Dec, 2008.

eServGlobal Limited (LON:ESG)(ASX:ESV), a provider of end-to-end solutions, enabling smart communication and payment services for service providers on any generation network, today updates shareholders on progress in a number of areas.

Yesterday the Australian stock market closed marginally higher despite a big lead from United States markets. The banking sector was pulled down by Commonwealth Bank as it tried to sell shares to institutional investors for A$2 billion capital raising. The benchmark S&P/ASX200 index had gained 14.4 points, or 0.4 per cent, to 3570.6 points, while the broader All Ordinaries index was up 16.1 points, or 0.46 per cent, at 3515.0 points. Commonwealth Bank's termination of the share placement and rising bad debts has hit the confidence of the banking sector.

Yesterday Australia's share market closed higher after surge in the mining sector. The benchmark S&P/ASX200 index yesterday ended 36.4 points or 1% higher at 3640.7, while the broader All Ordinaries was up 39.6 points, or 1.1%, at 3,573.3. The stronger commodity prices for gold and oil overnight may further buoy the stocks market which has been oversold.

On Friday, the Australian share market benchmark S&P/ASX200 index closd 154.5 points, or 4.3% higher, to 3742.5, while the broader All Ordinaries jumped 144.5 points, or 4.1%, to 3,672.7. The market experienced a best week for the two indexes since the recent two months, delivering weekly gains of 9.5% and 8.4%, respectively. However, the weak economic data and profit outlook would send the local market lower despite the strong lead from overseas markets. The news about RBA's expected aggressive rate cut will dominate the market this week.

The Australian market closed lower on Wednesday. The benchmark S&P/ASX200 index ended down 83.4 points, or 2.3 per cent, at 3540.0, while the broader All Ordinaries dropped 95.8 points, or 2.68 per cent, to 3479.6. Analysts expect the US rally sustain for a while as there are some good signs in the global financial markets.

On Wednesday, the Australian sharemarket closed lower despite a positive start led by rally on Wall Street overnight. The benchmark S&P/ASX200 index was down 23.6 points, or 0.67 per cent, at 3,499.63 while the broader All Ordinaries index shed 29.9 points, or 0.85 per cent, to 3,483.23. The market has lost half its value, or A$804 billion in just over one year. Analysts say that the overall trend may not change without catalyst for the market to go up while the overseas will pull the Australia market lower each time it seems to hit the bottom.