BUSINESS

September Oil Output Down: OPEC

The crude-oil output by the Organization of Petroleum Exporting Countries (OPEC) fell in September, as member-nations Saudi Arabia and Nigeria voluntarily decreased production.
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Global Markets Overview - 10/12/2011

U.S. stocks bounced between small gains and losses a day after the Dow Jones Industrial Average posted its biggest advance in two months. The Dow shed 16 points, or 0.1%, to 11417, in Tuesday afternoon trading, following a 330-point surge Monday.

Australian Stock Market Report – Afternoon 10/11/2011

The local share market made it five wins in a row today, notching up the longest string of advances since early April. Hopes European leaders are closer to a long-lasting solution to the sovereign debt crisis gave investors a positive offshore lead, while sentiment was also boosted by a pick-up in business conditions and confidence, and ahead of the US reporting season which kicks off tonight. The All Ordinaries Index (XAO) rose 26.5pts or 0.6pct to 4288.8 while the S&P/ASX 200 Index (XJO) added...

Europe: Downgrades Intensify Crisis

Despite the solid rebound in market confidence last week (well, up to Friday night in the US), the European debt problems haven't gone away.

MetaQuotes Releases Android App For Trading

MetaQuotes Software Corp. today launched its new mobile trading platform MetaTrader 5 Android, which allows users to trade on financial markets even when away from their desktop computers.

Australian Stock Market Report - Midday 10/11/2011

The Australian sharemarket is gaining for the fifth straight day with the All Ordinaries index (XAO) up 0.6 pct or 24.1 pts to 4286.4. Despite the improvement, shares gave away some of their earlier gains as the XAO was up 1 pct after half an hour of trade.

No Faith In The October Rally

- FOREX.com expects further deterioration in global growth outlook- Risk aversion levels will thus also remain elevated- US dollar, yen and Swiss franc may strengthen on risk aversion- Risk assets such as commodities unlikely to be favouredBy Chris ShawEntering the final quarter of 2011, FOREX.

World’s Oldest Car Fetches $4.6 M in U.S. Auction

It may not be the most gorgeous and powerful car assembled by man but the French-built ‘De Dion-Bouton et Trepardoux Dos-a-Dos Steam Runabout’ fetched a whopping $4.6 million during an auction held Friday last week in Hershey, Pennsylvania.

Missing Aussie Swimmer’s Bathers Torned by Shark Bites

Authorities and the family of a 64-year-old Mosman Park man who went missing while swimming at Cottesloe Beach on Monday feared he was attacked by a great white pointer based on the tear on his bathers found by police divers.

Apple to Launch Free, Unlimited Texting App

Apple Inc. is launching the iMessage on Wednesday that will allow users of devices running on the company's mobile operating system to chat SMS-style for free and without limit.

Disconnect In Uranium

By Greg PeelWhen we talk of talk of "the uranium spot price", we talk of the "U3O8 equivalent" price. However, not all traded and consumed "uranium" is in the form of U3O8, with UF6 being another molecular form.

Amazon Kindle Fire: Top Ten Reasons Why It Burns Apple’s iPad

If reports are to be believed Amazon's new Kindle Fire is just flying off the shelves. Amazon is reportedly taking in 50,000 pre-orders of the tablet every day. Analysts estimate that Amazon is on track to sell 2.5 million Kindle Fire units by November. It seems that the Kindle Fire is living up to expectations as Apple's biggest competitor in the tablet market.

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