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.
Vittorio Hernandez
Apr 16, 2013
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.
Vittorio Hernandez
Apr 16, 2013
By Andrew NelsonMost of the uranium world gathered for the World Nuclear Fuel Cycle conference last week in Singapore.
Admin System
Apr 16, 2013
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.
Vittorio Hernandez
Apr 16, 2013
By Greg PeelThe Dow fell 265 points, or 1.8%, while the S&P lost 2.3% to 1552 and the Nasdaq dropped 2.
Admin System
Apr 16, 2013
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.
Admin System
Apr 16, 2013
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.
Vittorio Hernandez
Apr 15, 2013
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.
Esther Tanquintic-Misa
Apr 15, 2013
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.
Vittorio Hernandez
Apr 15, 2013
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.
Christine Gaylican
Apr 15, 2013
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."
Esther Tanquintic-Misa
Apr 15, 2013
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.
Jamelle Agbuis
Apr 15, 2013
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.
Jamelle Agbuis
Apr 15, 2013
T-Mobile's marketing strategy to attract Americans to buy the iPhone 5 is paying off. Reports said lines have started to form at the fourth largest U.S. carrier when it offered consumers the best-selling Apple smartphone over the weekend for $99.
Vittorio Hernandez
Apr 15, 2013
International Data Corporation (IDC) issued the findings of its report, showing a staggering 13.9 percent drop in sales in Personal Computer (PCs) in the three-months period ended March on a year-on-year basis.
Jamelle Agbuis
Apr 15, 2013
While the growing attractiveness of tablets and phablets to consumers is anathema to manufacturers and retailers caught with a large inventory of laptops and desktops, it spells good news for potential buyers due to the significant cut in retail prices of these devices.
Vittorio Hernandez
Apr 15, 2013
It seems that Toyota Motor Corp. is going through tough times as it will have to recall as many as 1.73 million vehicles globally as it has faced safety issues revolving around airbags. Other Japan's carmakers, including Honda Motor Co., Nissan Motor Co. and Mazda Motor Corp., have announced the same process as their models have also encountered similar problems. But that is not the last of problems for Toyota Motor Corp. as the carmaker is now at war against Ford Motor Co. over the title of ...
Jamelle Agbuis
Apr 15, 2013
Surprisingly, the Bank of Korea did not decide to cut rates as it was widely expected. Neither the mounting political pressure nor increasing North Korean threats were enough to push the central bank of South Korea to change interest rates.
Jamelle Agbuis
Apr 15, 2013
Infosys Ltd sadly let down markets and analysts with its forecast for the new fiscal year began April. Concurrently, the India's No. 2 services exporter released its data on the fourth quarter showing that its quarterly profit climbed about 3.4 percent. The news was not welcomed by markets as stock prices drastically dropped after the statement.
Jamelle Agbuis
Apr 15, 2013
News from the British Retail Consortium bodes well for UK retail and designer merchandisers. Struggling in the past few months, the news of 3.7 percent growth in March is certainly promising. The same-store sales climbed by roughly 1.9 percent on a year-on-year basis, but still the figure is encouraging.
Jamelle Agbuis
Apr 14, 2013
The Bank of Japan's pledge to invest in long-term bonds in the next two years is seen by many as a 'new phase of monetary easing.' This policy is in continuation of the Japanese Prime Minister's aim to reverse nearly 15 years of deflation.
Jamelle Agbuis
Apr 14, 2013
Shares are slightly higher for fourth time this week. The Australian market has been improving modestly for most of the session, however has been flirting with negative territory over the past 30 minutes. The All Ordinaries Index (XAO) is up by 2.3 per cent since the start of the week. This makes it the best week on the local market since October 2012. Note that March was the worst month for the All Ords since May last year.
Vittorio Hernandez
Apr 12, 2013
The U.N.'s Food and Agriculture Organisation (FAO) has expressed concern the new avian influenza A H7N9 virus could spread outside China and potentially infiltrate the rest of the world.l
Esther Tanquintic-Misa
Apr 12, 2013
After much rumour explosion, Australian tech start-up We Are Hunted has confirmed it had been bought by social media giant Twitter, as the latter prepares to launch its music app this weekend.
Esther Tanquintic-Misa
Apr 12, 2013
Even if Hope Rinehart Welker withdrew in March the lawsuit she initiated seeking the removal of her mother, billionaire Gina Rinehart, from heading the family trust, her two siblings continued the case.
Vittorio Hernandez
Apr 12, 2013
Australia's target to become the top liquefied natural gas (LNG) exporter in the world could be at risk following reports that a major LNG venture would no longer push through because the project would no longer be financially viable.
Vittorio Hernandez
Apr 12, 2013
By Rudi Filapek-Vandyck, Editor FNArenaI joined Twitter. Not because I am curious what this celebrity has to say about her kids, or to read that another one is waiting for a connecting flight, impatiently.
Admin System
Apr 12, 2013
The Australian Dollar hit highs overnight that we have not seen since January after recovering from the 1.0500 level after a poorer than forecast March jobs number yesterday morning.
Vittorio Hernandez
Apr 12, 2013
- Picture better than a year ago- US recovery slow, EU flat- Chinese growth stable- Japan may lose momentumBy Greg PeelIt is a truth now universally acknowledged that one of the most reliable ways to get a handle on the strength or otherwise of an economy is to regularly survey a sample of purchasin...
Admin System
Apr 12, 2013
By Jason Jenkins, Investment U ResearchHave you heard the news? The ever-evolving world of science, scarce resources and population explosion will alter the world we live in by 2030.
Admin System
Apr 12, 2013