The local stock market has closed above the 5000 mark, albeit by a modest margin, after several days of commodity induced weakness. The ASX200 rose by one per cent, although mining and energy stocks remained on the outer with investors, being the only 2 sectors to end the session in the red.
An interesting job vacancy ad was posted in Weibo, China's counterpart of Twitter. The ad announced that a third-party security company in Beijing called Anquan is looking for a Chief Pornography Identification Officer.
The Australian market is edging higher by 0.8 per cent after the initial concerns relating to the Boston marathon bomb attacks have largely subsided. The mining and energy sectors are sliding modestly, while all other regions of the market are improving. The psychologically important 5000.0 is being tested (for both the ASX200 and the All Ords).
AT&T, the largest U.S. carrier, started on Tuesday to accept pre-orders for the Samsung Galaxy S4 on its Web site. The carrier would only accept orders for the 16GB model on black and white colours and the offer is limited to select areas for the meantime.
Dominance of Android smartphones in the global market will continue in the next two years, Google Chairman Eric Schmidt said on Tuesday at the AllThingsD mobile conference in New York.
By Richard (Rick Mills), Ahead of the HerdAs a general rule, the most successful man in life is the man who has the best information Ironic isn't it? A record number of people on food stamps yet new highs for stock indices.
Gold continued on Tuesday its downslide as spot prices of the yellow metal, once considered a safe haven, tumbled down to $1,322.06 an ounce on Tuesday trading. It is the lowest price since January 2011, following last week's major drop which ended the 12-year winning streak of gold.
The death toll from the new avian influenza A H7N9 in China has now reached 16, with the number of infected people likewise rising to 77 cases, all in just two weeks' time.
As more people shift to tablets, the pioneer tablet maker, Apple, has seen its market share shrink in favour of the Android tablet. Blame it on the price, but due to the higher price tags on Apple's iPad, more consumers are shifting to ones that use the Android OS that 2013 would likely end up as the Year of Android Slates.
Although cattle sales of the Australian Agricultural Company (AACo) rose in the first three months of 2013 to 41,186 from 29,646 compared to the same quarter in 2012, average price per head went down to $980 from $1,255.
By Greg PeelThe Dow rose 157 points, or 1.1%, while the S&P gained 1.4% to 1574 and the Nasdaq added 1.
The UK housing market remains weak. But with the UK economy on the edge of another recession, the surprise is that the housing market has not fallen more. And central London is booming.
Falling commodity prices continued to be the the main theme driving markets on Tuesday. Gold remains a high profile casualty having fall by 15%in the last week. 10% of that decline has taken place in the last 24 hours, although in recent Asian trade prices of the yellow metal have consolidated.
While constructing sector is not in the best shape, UK-based giant JCB Ltd informed that it noted record annuals earnings in 2012. It is not surprising at all that the company trots out its outstanding profits as the global construction sector is indeed going through tough times. The JCB's results were mainly driven by increased demand in regions such as Africa and the Middle East.
Apparently, the days for Fresh & Easy, TESCO's foray in the US, are numbered; so are the present operations for many of the TESCO's own outlets across the UK and Europe.
Local stocks are once again under selling pressure following yet another slump in the price of gold, and explosions at the Boston Marathon which are being treated as a criminal investigation. US stocks sold off sharply in the final hour of trade following the explosions, with the Dow Jones Index falling 60pts in a matter of minutes.
The latest data on the China's economy saddened analysts as figures showed that GDP growth in the first quarter of the year was lower than initially anticipated. Economists ask themselves whether that means that global expansion is slowing down.
Analysts blamed on Tuesday the April 12 decision of Cyprus to sell the bulk of its hold for the bear market on the yellow metal. For long considered a safe haven, gold logged its biggest one-day percentage drop in three decades.
People who ordered the Google Glass at the Google I/O in 2012 will get their pair in a few days. Glass Explorers, which manufactures the device, said on Monday that the first batch of glasses just came off the production line and will be immediately shipped.
By Andrew NelsonMost of the uranium world gathered for the World Nuclear Fuel Cycle conference last week in Singapore.
A New South Wales Land and Environment Court judged favoured grapes over coal on Monday when he upheld a government ruling that stopped the expansion of mining giant Rio Tinto's (ASX: RIO) coal mine in the country's famous wine-growing region of Hunter Valley.
By Greg PeelThe Dow fell 265 points, or 1.8%, while the S&P lost 2.3% to 1552 and the Nasdaq dropped 2.
By Peter Switzer, Switzer Super Report[Note: This report was written on Monday, ahead of the fall on Wall Street overnight and the news from Boston.
The price of gold continued to slide over the weekend as fund managers exited their positions on speculation it has run too hard, too fast. Influential American investor George Soros didn't help matters, telling the South China Morning Post that gold is no longer a safe haven for investors. Gold futures are holding at US$1501.40 an ounce, and have fallen by over 5 per cent over the course of the week.
Pope Francis has made his yet most radical move in his one-month tenure as the 266th supreme spiritual pontiff when he created over the weekend an eight-man advisory panel to check and review the efficiency and perhaps debate the existence of the Roman Curia.
With its booming population as well as thriving economy, China dominates Forbes Magazine's list of top 12 fastest growing cities in the world. However, the city that topped the list was Karachi in Pakistan.
Commuters in New South Wales will soon be able to review their emails and be online their social networking sites while on transit to work or school.
The new avian influenza A H7N9 virus gripping China has spread out to other parts of the country, yet disease experts continued to downplay an outbreak, claiming it still "is nothing out of the ordinary."
Surprisingly, Marks & Spencer Group Plc released its data on the quarter ended March showing that the company enjoyed the best quarterly sales in two years. However, the UK-based retailer witnessed a discouraging drop in clothing which was, however, offset by an outstanding jump in food sales.
Ahh, St Kilda, we're going to miss you. From Monday, Daily Reckoning headquarters moves to salubrious Middle Park. It's a slight shift from the grunge and grime of Fitzroy Street.
