BUSINESS

Australian Stock Market Report – Midday 6/7/13

The Australian sharemarket is sliding for the third straight day, with the ASX200 Index down by close to 1 per cent at lunch. This is adding to the back to back 1 per cent falls on Wednesday and Thursday. Investors are feeling somewhat jittery ahead of a non-farm payrolls report out later tonight, in addition to the closure of the Aussie market on Monday due to a public holiday.
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Australian Dollar Outlook – 6/7/13

The Australian Dollar is higher this morning after some very large moves in key international currencies in the last 24 hours with volatility extreme.

Australian Stock Market Report – Morning 6/7/13

In US economic news, initial jobless claims fell by 6,500 to 346,000 in the final week of May. Net financial wealth grew by $3 trillion to $70.3 trillion - the biggest quarterly increase in 14-years. Rising stock prices and home pushed net household wealth to a fresh record high. US ICSC chain store sales rose by 3.2pct in May compared with a year ago.

Viber Messaging Service Gets Banned in Saudi Arabia, Others At Risk

Because it failed to comply with the kingdom's regulatory requirements and laws, Saudi Arabia has banned the use of the web-based communication application Viber in the country, at the same time threatening others face the same risk if they don't adhere to the country's rules.

Australian Stock Market Report – Midday 6/6/13

The Australian share market remains under selling pressure on Thursday following weakness from offshore markets. The Aussie dollar has also been under pressure in early trade, briefly dipping below US95c for the first time since October 2011.

Freedom Foods Worth A Taste

By Andrew NelsonFreedom Foods Group ((FNP)) is a diversified food company producing a number of branded and unbranded products across its three main divisions: Freedom Foods, Specialty Seafood and Pactum.

Physical Gold Demand Substantial

By Jonathan BarrattThe physical demand for Gold over the last few weeks has been unprecedented. Not only has the physical demand for Gold and Silver been absorbent but Central Banks (CB) seem to be lifting their interest in the metal, which is helping to offset the paper selling that has been a feat...

First Look at Kia's Rondo, Revamped Seven-Seater to be Released in Australia

Kia Rondo, a seven-seater minivan hits Australia. Rondo starts selling at $29,990. The latest model from the Kia faces challenges from previous attempts to enter the market and launch a well loved and selling car. The revamped edition seeks to replace previous features that made it difficult for previous models to sell.

Australian Stock Market Report – Afternoon 6/5/13

The Australian share market was sharply sold off during Wednesday's trade as economic growth figures missed expectations and as Japanese stocks shed almost four per cent on Prime Minister Abe's growth strategy.

Audi R8 is the Sickest Car in the World, V-10 Makes it the Quickest Car

The Audi R8 has successfully carved its own niche some people has even considered it as the “sickest car” in the world. While some people in industry feel the R8 is just a way for the company to amortize the costs of the Lamborghini Gallardo – it is impossible to deny the Audi R8.

Big Trouble in the Australian Economy… Everybody Relax

In the movie Big Trouble in Little China there's a classic line by the 'hero' of the show, Jack Burton. The group he's leading is in a panic as they're getting away from the bad guys. But Jack reassures them in a swaggering drawl... 'Everybody relax, I'm here.'

Why it’s Going to Get Ugly When Interest Rates Rise Again

So, the monthly interest rate hype has come and gone for, well, another month. Boss Stevens, of course, left interest rates on hold yesterday, at 2.75%. If anything the absence of a cut saved us from the hysteria about how it will be good for consumption/housing/building/retail and whatever else presumably benefits from more credit creation and less saving.

Top Android Tablet Picks, Rumored Android 4.3 Jelly Bean Coming Soon

The world has a new favorite OS and it is now slowing down. Recent reports suggest the increasing shares of Android in the mobile phone and computing industry. While there aren’t clear announcements from Google, the rumour mill has it that Android 4.3 update is coming soon. Android market shares not only jumped in the smartphone department but also in the tablet industry. More and more tablets are coming out with the Android OS and it is not difficult to understand why.

Australian Stock Market Report – Midday 6/5/13

The Australian market is slumping for the second time this week, with the All Ordinaries Index (XAO) down 1.00 per cent. Local shares are currently at their lowest levels since mid-January, pushed lower by a disappointing growth reading just before lunch. Comments by another Federal Reserve official overnight supporting a slowing in stimulus kept US investors on edge. Many market participants are remaining pensive ahead of the monthly non-farm payrolls out this Friday (US jobs report).

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