BUSINESS

Australian Stock Market Report – Afternoon 10/9/13

One of the more valuable aspects of the current market atmospherics is to see how the market performs when dealing with the headwinds being generated by US politics. Today, and not for the first time, the local index showed some mettle. Have been handed a poor finish on Wall St, the market started under duress, losing as much as 30 points in the first hour of trade. From that point however buyers slowly began to reel in the deficit. By the early part of the afternoon the market peaked at its bes...

Australia-India Nuclear Trade Talks Soon: What’s in store?

Australian Prime Minister Tony Abbott will meet his Indian counterpart Dr. Manmohan Singh on the sidelines of the India-ASEAN and the East Asia Summit Oct 9-10. Top on the agenda will be the need for finalisation of a nuclear deal between the two countries. The External Affairs Ministry has already said that the two countries are hoping to hold a third round of nuclear cooperation talks in Dec 2013.
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No End In Sight For Debt Ceiling

By Kathleen Brooks, Research Director UK EMEA, FOREX.comRumours that the US Congress would reach a deal to extend the debt ceiling, albeit only for a few weeks, ended up being hopeless optimism, after the Republicans held a press conference with the hash tag #letstalk in the background.

New South Wales Supermarket Explosion

An explosion rocked a two-storey building on Station Street in Wentworthville, New South Wales (NSW), Australia at around 4:30am on October 8, 2013. The building reportedly contained residential units on top of an Afghan supermarket.

Coca-Cola To Introduce One-Stop Food 'Ekocenters'

By end 2015, the Coca-Cola Company, popularly known as Coke, will be launching 1,500 to 2,000 Ekocenters or mini one-stop shops that will supply cooked meals, clean water, power, Internet, vaccines and Coke products to 20 developing countries, which including Africa, Asia, North America and Latin America.

JAL – Airbus Deal to be One of the Biggest Aircraft Deal

For the first time ever, Japan Air line placed a deal with Airbus. Airbus, Giant Aircraft maker has too agreed with the deal for 31 long-haul A350 jetliners having a price of $9.75 billion. The agreement on Monday predicts that the deliveries will start in 2019 and new planes will be rolled over six years.

Samsung Predicts Profits of $9.3Billion for Q3

Samsung Electronics Co., the top smart phone maker, came in to existence in 1938. It tried its hand in diversified branches such as construction, textiles, insurance, securities and retail.

Toyota Corolla: Australia's Most Preferred Car

Toyota Corolla automobiles are selling like hot cakes in Australia. This car brand could propel the company to the coveted position of the best-selling car in the country, an accomplishment enjoyed by Toyota for almost a decade now.

Australian Stock Market Report – Midday 10/8/13

Australian stocks remain in the red for a third consecutive trading session, after Wall Street closed lower overnight on budget concerns. The US government shutdown has now entered its seventh trading day, or second week, and is starting to rattle investor sentiment. The Bank of America added to investor worries over the weekend by downgrading its fourth quarter US GDP (economic growth) forecast from 2.5 per cent to 2 per cent.

Pollution, Smog Mar China Week-long Holiday

What could have been a peaceful and relaxing week-long holiday for residents turned otherwise when northern China was again surrounded by fog and pollution on Sunday. The situation was so extreme that authorities had to suspend air flight operations as well as closed at least six expressways.

More Financial Woes for BlackBerry As Shareholder Files Class Action Lawsuit

More woes continue to hound the Waterloo, Ontario-based BlackBerry after a shareholder filed over the weekend a class action lawsuit against the troubled tech firm and two executives. The shareholder charged them with inflating the stock price by providing misleading financial information of prospects of the firm's BlackBerry 10 smartphone line.

Would You Buy HTC & Other Android Phones with Windows OS?

Reports said that Microsoft Operating Systems Chief Terry Myerson asked HTC in September the possibility of adding the option, with possibly an offer or cutting or removing the patent licensing fees that HTC pays Microsoft for every Android phone it sells.

Petronas Invests $36B in an LNG Plant, Pipelines in Canada

Petronas, the state-owned oil and gas company in Malaysia, said on Monday that it will invest $36 billion in Canada. The announcement came at the same time that Canadian Prime Minister Stephen Harper was attending in Bali, Indonesia a gathering of Asian leaders.

Uranium Ticks Up

By Greg PeelActivity in spot uranium remains limited while term market interest is building. The uranium term market is what we might call the "real" market, featuring global nuclear utilities arranging delivery contracts over periods of time on the buy-side and actual producers of uranium on the se...

The Overnight Report: A Game Of Chicken

By Greg PeelThe Dow fell 136 points or 0.9% while the S&P lost 0.9% to 1676 and the Nasdaq fell 0.8%.Last week House Speaker John Boehner indicated he would not prevent a debt ceiling increase but that he would be looking for spending concessions from the Democrat Administration.

iPhone 5C Now Only $45 in Walmart

Apple's newly released iPhone5C is living up to the C in its name for cheap at least in Walmart. The world's largest supermarket just dropped the price of the 5C to only $45 with a two-year contract.

The Monday Report

By Greg PeelAre cracks appearing in the Republican resolve?The Republicans have been stoic in their determination to date to undermine Obamacare, but have perhaps been surprised at just how stubborn the president has been on the other side.

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