ANZ Bank's image as a bully lender to some customers may be softened since the bank is now refunding 235,000 home loan customers a total of $70 million which represents overcharge for interest repayments. That would average about $300 per customers.
Apple Inc shares fell 7.2 per cent in trading on Jan 28 after investors were disappointed with iPhone sales for Q1 FY 2014 despite record-breaking figures for the tech giant. The stock price slightly dipped following Carl Icahn's tweet about buying another $500 million Apple shares. The billionaire activist told CNBC he continues to benefit and made a "great deal of money" when he buys Apple shares that went down.
The local sharemarket staged a comeback after four straight days of losses. The All Ordinaries Index (XAO) rose by around 1 per cent, following Tuesday's 1.26 per cent slump. Concerns relating to emerging market stability have been keeping investors on edge in recent days; however signs that Turkey was taking the issue seriously, settled some nerves. Turkey's central bank increased lending rates from 7.75 per cent to 12 per cent following an emergency meeting. This was aimed at halting a s...
British fashion brand Marks & Spencer is coming to Australia. In preparation for its Australian launch, the company appointed two new directors to Marks & Spencer (Australia) Pty Ltd, which had been dormant for about 7 years.
“Captain America: The Winter Soldier” actress Scarlett Johansson’s seductive SodaStream ad has become an internet sensation even before it was broadcast officially, as planned. The soda drinks manufacturer company was set to debut through this sexy Scarlett Johansson ad during the Super Bowl. But the ad has been banned from the much awaited sports event. Read on to find out why the channel banned the advert.
Days before the Chinese Lunar New Year and Chinese residents won't be serving chicken on their festivity tables. China has effected a ban of live poultry sales following a jump in the number of H7N9 infections. The ban covers large parts of eastern and southern China. Immediately on Tuesday, Hong Kong slaughtered 20,000 chickens found with the deadly bird flu virus.
The Australian share market is recovering after yesterday posting its biggest one day loss since mid-December, as investors remained concerned about the health of emerging economies.
Green on screen seen across the global overnight finally took some of the heat out of concerned talk around emerging markets. US earnings season continued to show that earnings in the final quarter grew between 6% and 8% and this added support to the reasoning that the S&P has its best trading year since 1997.
In US economic news consumer confidence rose from 77.5 to 80.7 in January, above forecasts for a result near 78.1. The S&P/Case Shiller home price index rose 0.9% in November to be up 13.7% on a year ago - the largest gain in eight years. But durable goods orders fell 4.3% in December. Excluding defence equipment and aircraft, orders fell 1.3%. Economists had tipped a 0.5% rise.
Greece has declared a state of emergency over the Greek island of Cephalonia (Kefalonia), following Sunday's 5.8-magnitude quake which injured seven people.
The Australian sharemarket is significantly weaker at lunch, as investors return to work following a holiday. The All Ordinaries Index (XAO) is down 0.8 per cent, with the mining and financial sectors the main drags on trade. The losses don't come as a surprise however as global markets slumped on Monday following concerns relating to emerging market growth.
Russia has banned the importation of Australian beef byproducts such as offal over claims the food products used a growth stimulant which Moscow considers unsafe.
Global telecoms giants Samsung and Google has forged a 10-year cross-licensing deal on technology patents, which includes the existing ones as well as those filed within the term period.
Apple Inc has released its Q1 FY 2014 earnings and surpassed analysts' and its own expectations with $57.6 billion sales with earnings per share of $14.50. The Cupertino-based tech giant announced that the company sold 51 million iPhones, 26 million iPads and 4.8 million Macs. The iPhone and iPad sales for Q1 FY 2014 broke records as Apple claimed they were both quarterly and all-time highs.
Emerging markets continue to take a hammering as the fear around the moves in the Turkish lira prompted an emergency meeting of the Turkish central bank.
In US economic news the flash Markit Services PMI rose from 55.7 to 56.6 in January. New home sales fell 7.0% to a 414,000 annual rate in December, short of forecasts for a result near 457,000. And the Dallas Federal Reserve index rose from 3.1 to 3.8 in January.
It is bad that cigarettes are linked to lung cancer and tobacco firms continue to push their addicting products, especially to young people. Now, tobacco giant Phillip Morris is even making smoking more addictive by marketing marijuana cigarettes under the brand Marlboro M, according to report from a Web site named Abril Uno.
Apple Inc is set to release its earnings for Q1 2014 on Jan 27 after the closing bell. In anticipation of Apple CEO Tim Cook's earnings conference call, analysts have predicted that the iPhone and iPad maker will beat expectations. According to Bloomberg's compilation of analyst estimates, Apple Inc's anticipated earnings per share may reach $14 or equal to $57.5 billion in revenues. If analysts turn out to be right, the Q1 FY2014 earnings would be higher than 2012's $54.5 billion. A...
Apple Inc devices may not have the biggest market share than Android worldwide but a new report reveals iPhone and iPad owners do more with their gadgets. According to a survey by analytics company Arieso, iPhones and iPads were the most used in downloading data in 2013. The survey does not include data on the iPad Air which was launched after the survey ended.
The Australian share market has ended the trading week in the red, closing lower by 0.4 per cent today as weakness in financial stocks weighed on sentiment. The Australian dollar also took a beating, following comments from an external Reserve Bank board member.
Nicola Millar was out shopping with her 17-month-old daughter Violet when she accidentally locked the young toddler in their car. The first instinct was to call her roadside emergency service AA for help. She just couldn't believe her ears when she was refused help simply because her membership fees were outdated.
U.S. carrier Delta Air Lines has been named as the '2014 Airline of the Year' by the Air Transport World magazine. It's been 10 years since the award was given to an American airline company.
Sellers continued to make their case in early trade on Friday. There have been few consolations on offer for the bulls in recent days. A small positive has emerged on Friday. On several occasions sellers attempted to force the index through the 5250 area on a sustained basis. However buyers seemed content to defend this area. Having failed on 4 occasions, sellers retreated. Thereafter the market recovered ground quickly to be in positive territory at lunchtime. The question this afternoon will b...
A bankruptcy court in the U.S. has approved the assets sale of Montreal, Maine and Atlantic Railways (MM&A), seven months after it figured in a fiery railway crash in Lac-Megantic, Quebec that killed 47 people.
Kourtney Kardashian and her husband Scott Disick reportedly purchased the house of former NFL star Keyshawn Jones in Calabasas, CA., just a few doors away from Justin Bieber's house in the same neighborhood.
Residents in British Columbia, Canada, have been reportedly hoarding medicines containing potassium iodide amid radiation scares coming to their shores from Japan's crippled Fukushima nuclear power plant.
Hong Kong real estate tycoon is offering HK$1 billion ($120 million) to anyone who will marry his lesbian daughter and can make her steer away from lesbianism.
Risk continued to trade with a negative tone after price action broke down in yesterday's Asian trade. The selling was really triggered by the disappointing HSBC China PMI reading which came in contractionary territory, and disappointing earnings in the US didn't help the situation.
n US economic news the flash Markit PMI eased from 55 to 53.7 in January. Slower rates of output and new order growth were behind the modest fall. The leading economic indicators index rose by 0.1% in December. US existing home sales rose by 1% in December. Existing home sales totalled 5.09 million units over 2013 - a seven year high. The national median price for existing homes was up 9.9% on a year ago. US jobless claims rose by 1,000 to 326,000 last week.
Horticulture New Zealand warned the country's fruit and vegetable exporters that their produce could be blocked by overseas market because one pesky Queensland fruit fly in Northland was discovered.
