Local stocks have come off the four month highs reached yesterday, as investors await Chinese manufacturing data coming through later this afternoon. The Australian share market rallied in afternoon trade yesterday after the Bank of Japan announced it would extend its asset buying program to 80 Trillion Yen. US and European markets also surged on the efforts to stimulate Japan's economy and tackle its deflation concerns. At lunchtime in the East, the All Ordinaries Index (XAO) is down.
Sony shrunk the PS3 and called it ‘Super Slim’. Following the superhot route taken by smartphone and tablet makers, the Japanese firm upgraded the ‘look factor’ of its half-a-decade old game console by shaving off unnecessary heft and weight.
National Australia Bank (NAB) launched on Wednesday nabtrade, its own online share trading platform which will mainly target investors in self-managed superannuation funds.
While Australian retail giant Harvey Norman is one of the leading voices calling for lowering of the general sales tax on items purchased overseas, the company's own chief executive, who is also the owner's wife, ironically buys from online shops abroad to save money.
Australia's Department of Agriculture, Fisheries and Forestry placed on hold all sheep exports following the order by Pakistan authorities to cull 21,000 Aussie sheep tested positive for salmonella bacteria and actinomyces.
By Greg PeelThe Dow closed up 13 points, or 0.1%, while the S&P gained 0.1% to 1461 and the Nasdaq added 0.
Local stocks rallied in afternoon trade, after the Bank of Japan followed the US Federal Reserve and the European Central Bank in providing more monetary easing to stimulate the global economy. Stocks had been trading only marginally higher before the announcement from the BOJ, with the All Ordinaries Index (XAO) rising by 22.6pts or 0.5pct by close to finish at 4440.4, a four month high.
It took only a few months for new Yahoo chief executive Marissa Mayer to finalise an agreement with China’s Alibaba Group, which in the last two years has not come in to terms with the CEOs that came before her.
The Australian market opened slightly higher today but fell in and out of the red in the first few hours of trade. The by lunchtime the All Ordinaries Index (XAO) was only 7 points higher at 4,425 points.
Microsoft said on Wednesday that another fix on the freshly identified security hole in Internet Explorer will be dispatched in the next few days, insisting that the patch should temporarily protect millions of global users while engineers work for an IE update.
Kraft Foods Australia has been pleased with the market take up of its belVita Breakfast biscuits. Launched in March 2012, research conducted in June 2012 by AC Nielsen Homescan showed market penetration of 10.9% (or more than one in ten) Australian households having tried the product.
The New iPhone 5, the latest smartphone of Apple Inc., will go on sale at company's retail stores in the U.S. at 8 a.m. local time on the 21st of September.
Maybe we're making this whole investment caper too complicated. You can analyse interest rates and currencies. You can talk about sound money and fair value. And you can look at technical trends and fundamental factors. But in the end, maybe we should just all buy Apple stock and quit while we're ahead.
One hundred years ago, the Titanic slipped below the frigid waters of the North Atlantic Ocean. That's roughly the same moment when the US dollar also hit an iceberg. In 1913, one year after the Titanic disaster, the US government passed the Federal Reserve Act...and the dollar's value has been sinking ever since.
Samsung has become a brand that is preferred and trusted by consumers despite the legal setbacks that the tech giant has been getting lately.
Weak consumer spending continues to batter Australia's retail sector, causing a 40 per cent slump in profits for David Jones and some of the leading local retailers to considering moving out of the country.
Queensland miners have agreed to a compensation plan for the damage their dredging work cause to seagrass beds. The compensation would be used to protect the remaining healthy beds in other areas or restore damaged ones.
Pakistan is pushing through with the culling of 21,000 Australian sheep despite assurances from Canberra that the animals are healthy and a court injunction obtained by PK Livestock, the importer, which should temporarily save the lives of the sheep.
Wealthy clients across Europe could withdraw "hundreds of billions of francs" from their Swiss banking accounts over the next few years.
Indonesia could soon surpass Germany and the United Kingdom to become the world's seventh largest economy, generating $1.8 trillion in annual gross domestic product, according to a recent report by McKinsey and Co.
By Greg PeelThe Dow closed up 11 points, or 0.1%, while the S&P fell 0.1% to 1459 and the Nasdaq was flat.
- FMG announces very positive re-fi- Plenty of breathing space the result- Brokers upgrade ratings- Stock now even more highly leveragedBy Greg PeelAs at yesterday the spot iron ore price was trading around US$109/t which would have allowed Andrew "Twiggy" Forrest the chance to sleep a little better...
Following a weaker start to the day, the Australian sharemarket managed to gradually improve as the day progressed to end 0.1 pct or 4 pts higher to 4417.8. The miners, energy players and financials all lost ground today after leading the broader market higher yesterday.
According to the head of the Canadian Auto Workers, the union will focus on reaching an agreement with Ford Motor Co. as talks continue with all of Detroit's Big Three car makers with a strike deadline coming closer Monday night.
Citibank is currently disputing numerous claims which indicate that the bank took part in a fraud to get former partners Dewey and LeBoeuf to sign up for a loan course that financed their capital in the unsuccessful law company, in spite of understanding the critical economic circumstance being faced by Dewey.
It's been labeled as one of the primary reasons why job growth in the U.S. continues to lag, but apparently no one at the White House is listening.
In announcing QE3, Ben Bernanke's words betrayed not the slightest doubt that this is the right thing. More Fed bond purchases, combined with three more years of zero interest rates, he said, will quicken economic growth and cause unemployment to fall. And the punditry class all nodded in unison.
The Dow was up a paltry 53 points on Friday. Gold was flat.
Local stocks have retreated today, as the euphoric effects of the US Federal Reserve's latest efforts to stimulate the global economy start to wear off. Overnight US and European markets eased, while oil and gold prices also fell. In the early session, the All Ordinaries Index (XAO) is down 9.8pts or 0.2pct to 4412.
A new malware has been unleashed to hostage or pilfer data from computer systems running on Windows, Microsoft said on Monday.
