The Hyundai Motor's labor union has voted to approve a revised wage and working-conditions deal, ending strike that had hurt sales at South Korea's biggest car maker. The strike at Hyundai Motor is said to be the costliest one in the company's history.
This story was originally published on 6 September 2012. It has now been re-published to make it available to an audience beyond paying subscribers at FNArena.
Ford Motor Co.'s board of directors is due to meet on Thursday. The Ford Motor Co.'s board will probably discuss the most pressing issue facing the American car maker - the retirement of Chief Executive Officer Alan Mulally.
Is today Big Wednesday? Well, if you had to pick a day when the market could blow out - in either direction - you could do worse than today.
This is the last day of the Mont Pelerin Society meeting in Prague, and I am writing from inside Prague Castle, where we have been the guests of the Czech Republic President Vaclav Klaus.
By Rudi Filapek-VandyckThe Dow Jones industrial average DJIA closed up 9.99 points, or 0.07%, to 13,333.
Australia's Olympic swim team is now in submerged in hot water after a panel was requested to be established to review the team's lackluster performance in the recently concluded 2012 London Olympics in August.
The Australian sharemarket improved for the second time this week today and ended close to the daily highs. The All Ordinaries Index (XAO) rose 0.8 pct or 34.8 pts to 4383.1, with almost all sectors closing in the black.
Chinese property prices are now bouncing back, amidst central bank's decision to slash its key interest rates to boost the slowing economy.
Mobile apps are more attractive when offered free, tech research firm Gartner confirmed on Tuesday as latest data showed that global users will likely download more than 45 billion smartphone and tablet apps by the end of 2012.
Wheat, Australia’s chief farm export produce, is expected to deliver less yields in the current financial year, according to the latest estimates issued on Tuesday by the Australian Bureau of Agricultural and Resource Economics and Science (ABARES).
FedEx Corp.'s shares dropped roughly 3 percent in after-market trading as the company, which is the world's largest express parcel service by revenue, informed about cutting outlooks on earnings for its just-completed first quarter.
Bacon. That's been the secret to everything all along. If only we'd known! We would have told you sooner. More on the power of bacon shortly.
Almost a third of the economy faces a digital "big bang" over the next three years, pushing companies as diverse as retailers, banks and real estate agents to rethink their strategies, a new report says.
A new list of world university rankings for 2011-2012 released by QS World University Rankings has ranked the Australian National University (ANU) as Australia's best university, while the Massachusetts Institute of Technology is the world's best.
What a switch on the markets this morning. Yesterday it was all about trading defensively and being safe ahead of some big ticket items that are due for release and resolution from overseas markets this week. But today it is all different.
Much is expected from the new iPhone version. Apart from issuing a reengineered hardware and improved software, all packed into a slick and thin brick, Apple is also pressured to replicate and even exceed what it has been doing in the past half-decade – earning billions and really quick.
Giant tobacco firms call it creative marketing but Health Minister Tanya Plibersek was not impressed at all with the latest ploy of cigarette manufacturers to circumvent Australia’s plain packaging laws, set to take full effect December 2012.
With mining commodity prices on a downward trend, Australian exporters were advised to look into non-resource export to Asia as another profitable undertaking. A study by global business adviser Boston Consulting Group estimated that businesses outside the mining sector could earn up to $126 billion by 2021 if they shift their attention to this market.
By Jaume Ventura, Vasco M Carvalho and Alberto MartinOver the last two decades, US aggregate wealth has fluctuated substantially.
The Australian dollar steamed ahead of its US Counterpart overnight with investors speculating that the US Federal Reserve will announce further stimulus measures when they begin a two day meeting this evening.
By Rudi Filapek-VandyckUS equities resumed their steady rise in overnight trade. The DJIA gained 69.07 points to close at 13,323.
Investors seemed uninterested with markets across the region today, ahead of two busy and vital sessions offshore this week. The All Ordinaries Index (XAO) eased by 0.2 pct or 9.7 pts to 4348.3, losing ground for the first time this week and for the first time in four trading sessions.
Barring unlikely force majeure, Apple’s new iPhone will definitely hit the global market this late September, prompting the tech giant’s closest rival, Samsung, to welcome the handset debut accordingly – with lawsuits.
The economy of Australia has once again enjoyed a solid growth thereby outpacing its peers in the last quarter. But the tumbling prices of export and marked slowdown in China left them with very little time to celebrate. These factors actually resulted in a cut in the Australian rates of interest so as to safeguard their growth in future.
Last week we examined Bernanke's dishonesty; today we'll examine his insanity.
China will try to do what's right for her, not for Australia. But sometimes we're not sure China even knows what's 'right'. There are so many competing forces in a centrally planned economy that no one knows what's going on.
Vast amount of clean energy can be generated via wind turbines and supply more than enough of what the entire planet needs, reports said.
Royal Dutch Shell started oil drilling in the Chukchi Sea, just 70 miles off the coast of northwest Alaska. The company, however, has begun just preparatory oil drilling for the well in the Arctic after waiting 4 long years since it paid roughly $2.8 billion to the federal government for petroleum leases in the Chukchi Sea.
That day-old Starbucks croissant may not need to go into the garbage after all. A new technique developed by Carol S. K. Lin, a biochemical engineer at the City University of Hong Kong, could turn uneaten pastries and coffee grounds into useful chemicals which could be used to formulate bioplastics and other substances.
