The Australian sharemarket recorded its biggest daily fall in four months, with the All Ordinaries slumping by 1.5 per cent and ending very close to a four week low. Local shares are down 2.5 per cent since the start of January; making it the worst start to a new year since 2010. Today's weakness was largely expected though, with the DOW index slumping by 1.1 per cent overnight. The falls were partly due to comments by a U.S. central bank official who said the Federal Reserve will continue to...
Sellers have been mobilised from the outset in today's session and have encountered little resistance from buyers along the way in early trade. The fall on Wall Street overnight has been too difficult to look through for local investors. The US Fed will be undeterred in relation to tapering despite the weak reading for US jobs growth according to comments made by the President of the Atlanta Fed overnight.
Canada on Tuesday has launched the auction of several blocks of 700 megahertz (MHz) wireless spectrum to telecoms companies operating in Canada, where large players are expected to participate. At least one however has backed out due to lack of funding.
Air New Zealand, one of the world's safest airlines, was hailed the Airline of the Year by AirlineRatings.com. The popular travel international site has chosen Air New Zealand for its strong financial performance, customer service, operational safety and in-flight innovations. The travel site praised New Zealand's carrier for its commitment to its fleet and environmental awareness. Air New Zealand earned the distinction of being the best premium economy class.
The New Zealand city Christchurch was named by the New York Times on Monday as the second best city in the world. The influential daily came up with the list of 52 places to visit in 2014.
A radioactive drug against prostate cancer has been launched in the UK. Marketed as Xofigo, it contains polonium-210, the very same substance that killed Alexander Litvinenko, former KGB agent and Kremlin critic, in 2006 in London.
Having seen a 30% rise in the S&P in 2013, investors are starting to ask the question that strategists and analysts have been asking since October: has the optimism that drove 2013 translated into earnings?
European shares climbed to a fresh 5½-year high on Monday, supported by a rally in banking stocks, after regulators agreed to soften new leverage ratios for banks. On Sunday global banking regulators said they would modify the way the new bank rule, which is meant to rein in risky balance sheets from 2018 is compiled. Deutsche Bank climbed 4.7%, Barclays added 2.9% and UBS rose 3.1%. The STOXX banking index rose 1.5% (up 6% so far this year). The FTSEurofirst 300 index rose by 0.3% with the UK F...
Canadian singer Neil Young spoke against the country's oil sands on Sunday at a news conference in Toronto before the kicked off for the first of four concerts on his Honor the Treaties tour.
Australia may be shutting tighter its door to economic asylum seekers, but the country should open its door wider to skilled migrant workers for it to improve the national economy.
The nightmare that happened to New Zealand's largest company, Fonterra, in mid-2013 is recurring again on the first month of 2014. The dairy firm recalled on Monday 8,700 bottles of fresh cream sold under the Anchor brand over fears of E. Coli bacteria contamination.
Apple Inc. has launched a new ad featuring the iPad Air during the NFL playoff game between the Carolina Panthers and the San Francisco 49ers on Jan.12. The ad showcased creativity, a feature that Apple has always wanted its products to be known for.
The New Zealand dollar is on its way to surpassing the Australian dollar for the first time in forty years, according to HSBC Bank Australia.. New Zealand's economic boom could drive the currency to new heights. HSBC considers the rebuilding of earthquake-damaged Christchurch as one of the driving forces
The local market worsened its position from lunch through to the close of trade, with the All Ords Index sliding by a little over 0.3 per cent. At its worst, the index was down 0.41 per cent and edged higher by 0.09 per cent at its best.
Amid cost-cutting measures, Canada has closed seven of its 11 Department of Fisheries and Oceans libraries across the country. Around 1,000 scientists lost their jobs in the process. But what's saddening were the books which observers claimed never got digitized. They believed the books have been all together damaged and burned.
The 2014 Consumer Electronics Show (CES) has just ended last Friday, Jan. 10, 2014 in Las Vegas, Nevada, but a lot of people are still buzzing about it, especially the newest technologies that were introduced during the convention. One of the amazing and practical technologies unveiled in the CES 2014 are smart locks which combine smartphones and house keys into one gadget to allow consumers to not just use their smartphones to call or send and receive messages, but also to unlock their doors an...
Fish caught in waters near the crippled Fukushima nuclear plant have been detected 124 times highly radioactive than the accepted limit, a report by the Asahi Shimbun said.
Residents at Northern Territory have been advised to prepare necessary precautions as a cyclone could potentially ram into the region on Wednesday.
The Australian sharemarket is in the red for the sixth time in seven trading days following disappointing U.S. jobs growth. The All Ordinaries Index (XAO) is 0.1 per cent lower, with the mining sector the lone improver at lunch.
The non-farms payroll print from Friday night showed than nothing in the market is linear.
In US economic news, non-farm payrolls lifted by just 74,000 in December, the smallest rise in three years. The unemployment rate fell from 7.0% to 6.7% - the lowest in over five years. US wholesale inventories rose by 0.5% after a revised 1.3% rise in October - suggesting that restocking would contribute to December quarter GDP.
London may be the world's most expensive city, but Sydney in Australia is the most reputable city in the world, a recent study by the Reputation Institute said.
Besides the iconic Sydney Opera House, the Australian state of New South Wales could have boasted of another landmark that draws in millions of dollars in tourism revenues.
To use some nautical imagery, the ASX 200 on Friday was a sail boat in search of a breeze to fill its sails. As such moving air was hard to come by; this was reflected in some of the slightest volumes of the week early in th session.
Liquipel, LLC, the company responsible for the revolutionary moisture and impact resistant technology for portable gadgets, including smartphones, tablets and mp3 players, has announced that it will be introducing its WaterSafeTM nano technology to fabrics, such as clothes and accessories. Liquipel made the announcement at the 2014 Consumer Electronics Show (CES) in Las Vegas, Nevada on Wednesday, Jan. 8, 2014.
Australian software company Atlassian Corp., in a move to boost initial offerings in the US and for healthier regulatory incentives, seeks to transfer domicile to the UK.
The Australian sharemarket is slipping for the fourth time this week, with the All Ordinaries Index down by 0.2 per cent. Global markets did little to inspire investors, with European stocks dropping by around 0.8 per cent, while American equities finished a touch weaker.
Don't you wish your mum or dad or both parents were Norwegian? That' because if they were, the family then would have been millionaires.The event when all Norwegians become theoretical crown millionaires happened on Wednesday when Norway's Government Pension Fund Global, which was established in 1990, rose in value to 5.11 trillion crowns or $828.66 billion. With a population estimate of 5,096,300, that made everyone a millionaire.
Equities remain mixed heading into the non-farm payrolls data. Expectations are riding high after the private payrolls reading released yesterday smashed estimates. Unemployment claims data released in US trade also showed some positive signs coming in at a lower-than-expected 330,000 (versus 337,000), lowering the four-week moving average to 349,000. All this positive data continues to support the argument that perhaps the US economy is ready for a rapid measured winding back of stimulus.
In US economic news, monthly chain store sales rose 3.7% in December after increasing by 2.1% in November. US jobless claims fell by 15,000 to 330,00 in the past week.
