BUSINESS

Gold is the Investment for the Individual

What about that Dow! Overnight, it punched through the 15,000 mark, on its way to 16,000, 17,000 and beyond. Could it happen? Well, markets are clearly in melt-up mode. But how far can they melt-up before the bust?

IMF Criticizes Osbornomics for “Lost Decade of Growth”

George Osborne, the Chancellor, is once again under the IMF scanner, as officials of the Washington-based financial institution will arrive to review UK economic growth. With additional warnings to recall austerity drive and reinstate the 'lost decade of growth,' the Trades Union Congress (TUC) finds competent support to drive home their arguments.

Australian Stock Market Report – Midday 5-9-13

The Australian market has extended its gains following much better than forecast job numbers and an unsurprising inflation report in China. The All Ordinaries Index (XAO) is up 0.2 per cent or 11.7 pts to 5,189.6, making it the third day of improvements this week. There were 50,100 jobs added in April, 34,500 of which were full-time positions. The unemployment rate eased from 5.6 per cent to 5.5 per cent and the participation rate (the percentage of working-age Australians either employed or loo...
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Australian Stock Market Report – Afternoon 5-8-13

The ASX 200 Index closed at a near five year high today, as investor sentiment was boosted by record closes on the US Dow Jones and S&P 500 Indices, as well as better than expected Chinese trade data. The ASX 200 closed just shy of 5200 points, its best finish since June 30, 2008.

Australian Stock Market Report – Midday 5-8-13

The Australian market is rising thanks to a better than expected Chinese trade surplus and US shares closing at record highs. The All Ordinaries index (XAO) is up 0.7 per cent or 35.8 pts to 5,158.5. A US$18.16bn trade surplus in China at 11.49am (AEST) pushed local shares slightly higher initially while the Australian dollar recorded a more obvious rise to US101.9 cents.

Reaching For Yield In Hot Credit Markets

By Bo Becker and Victoria IvashinaFixed-income investors that have targets based on imperfect risk measures are tempted to take on additional risk to raise their portfolio yields.

DIAGEO CEO Paul Walsh Makes Room for his Successor – Menezes

Out of the blue, Paul Walsh, successful chief executive officer at Diageo Plc, informed that he would retire after successful and fruitful 13 years managing the drinks giant. As it was made public, he would be succeeded by Diageo COO Ivan Menezes.

Sony Unveils $549 Vaio Fit Laptop

Sony unveiled on Wednesday a $549 laptop, indicating a shift in pricing strategy for the electronic giant. The Japanese firm introduced the Vaio Fit, a 14-inch laptop that is thin, light and has aluminium body.

UK Sees Shop Price Inflation Drop in April

After all, the rate of UK shop price inflation slumped significantly in April, reaching its lowest level in more than three years. The slump in UK shop price inflation was mainly driven by countless promotions and dropping commodity prices. Indeed, UK retailers have been doing whatever it takes, including price cuts, to lure customers to their stores.

4 Aussie Banks Pass in Full 25 Basis Points RBA Rate Cut

In a big turnaround from their previous decision, four of the biggest Australian banks said on Tuesday that they will pass in full the 25 basis points overnight cash rate made by the Reserve Bank of Australia (RBA) on the same day.

Economists Predict 2% RBA Cash Rate

- RBA saw need to support economy- Economists predict more cuts will be required- Westpac and Macquarie see a 2% cash rate aheadBy Greg PeelIs the Reserve Bank of Australia "behind the curve"?In its April monetary policy statement, the RBA suggested "Global growth is forecast to be a little below av...

Australian Stock Market Report – Afternoon 5-7-13

The Reserve Bank of Australia's (RBA) somewhat surprise decision to cut rates for the first time this calendar year helped reduce market weakness. The All Ordinaries Index (XAO) slipped by just 0.2 per cent or 11 pts to 5,122.7. At around 2.45pm (AEST), the ASX200 index was up by 0.2 per cent while the Australian dollar hit a low of US101.7 cents just before 3pm (AEST).

Fret not with Presence App: Run Your Home Through Your Smartphone

You need to get out of the house to do important errands, but you're highly worrisome that some burglar will barge into your home right at the moment you are not there to defend it. Fret not with Presence, an app specifically created to monitor the domestic ongoing activity right in your home.

Watching Videos on YouTube Will Now Be Charged

Google-owned video streaming giant YouTube will now be charging avid users of its video sharing services $1.99 a month to view the videos at over 50 popular specialized premium channels.

Bird Flu Strain H7N9 Hitting China Not Yet a Pandemic, But..

Because the bird flu strain H7N9 that has claimed 27 lives in China has yet to be confirmed that it can be transferred from human to human, health experts said it won't become pandemic. Well, at least not yet or not at least 10 years from now.

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