BUSINESS

- CLSA report suggests strong growth in Asian HNWIs- China a major driver, Indonesia tipped for highest rate of growth- Industries creating positive economic value to benefitBy Chris ShawWith the Asian region growing strongly so too is the number of high net worth individuals according to a report b...

The fight is not yet over for recently fired Yahoo Chief Executive Officer Carol Bartz. Ms Bartz said she wants to keep her board seat on the tech firm, but a Yahoo statement said she could not keep the seat.

The US trade deficit narrowed from $53.1 billion to $44.8 billion in July. The 13.1pct decline was the biggest monthly drop since early 2009. US exports rose 3.6pct while imports eased by 0.2pct in July.

The Australian Dollar fell against all of its 16 major counter-parties after a government report released yesterday showed the Official Unemployment Rate unexpectedly rose to 5.3 percent

U.S. stocks declined Thursday, eroding some of the prior session's advance, as Federal Reserve Chairman Ben Bernanke's remarks failed to calm investor jitters over the state of the economy.

By Greg PeelThe Dow fell 119 points or 1.0% while the S&P lost 1.1% to 1185 and the Nasdaq dropped 0.8%.

The mining industry received more government assistance than manufacturing over the past 12 months, despite record mining profit levels, the Australian Manufacturing Workers’ Union complained today.

Energy company Jatenergy Limited (ASX:JAT) is supplying high quality crude jatropha oil to Lufthansa for use in the world’s first, long-term trial of renewable jet fuel on the German airline’s regular scheduled flights between Hamburg and Frankfurt.

The US Renewables Group (USRG) will provide $344 million financing for the solar project led by Solar City for that will double the current number of residential rooftop solar system in the US.

The Reserve Bank of Australia could cut its key interest rate after the unexpected soft employment data release today, according to economists.

Developers try to keep up with the demand for smartphones and apps based on Google Android operating system, by hiring new programmers and releasing updated versions of the software.

But according to a report, Samsung Electronics may unveil a tablet powered by Microsoft Corp.'s Windows 8, marking the South Korean company's first collaboration with the software giant.

I was never the lazy student that gave "the dog ate my assignment" alibis. I wrote an article stating 1,000 reasons why Motorola's Droid Bionic would beat the iPhone 4. But that was in January, when Motorola touted a new device with amazing specs at a time when Nokia Oyj was still busy experimenting with the Meego, Samsung had yet to become a major player in mobile devices, and Apple's fifth generation iPhone was still months away.

The local share market closed marginally higher today, although off earlier gains due to a disappointing jobs report. The All Ordinaries Index (XAO) gained 6.9pts or 0.2pct to close at 4269.8 after reaching a high of 4297.9 in early trade.

Supermarket giant Woolworths is recalling packets of Macro Gluten Free Choc Brownie Mix 400g from Woolworths and Safeway supermarkets, and Thomas Dux stores across Australia due to the possible presence of milk - an undeclared allergen.

With still no reprise from a harm's way, Japan's newly elected Prime Minister Yoshihiko Noda set foot on the devastated Fukushima Daiichi nuclear power plant to personally see the extent of the damage and massive efforts in decontaminating the areas plagued with high radiation.

Swedish Automobile N.V. (Swan) has announced that Saab Automobile AB and its subsidiaries Saab Automobile Powertrain AB and Saab Automobile Tools AB (collectively Saab Automobile) filed for voluntary reorganization with the District Court in Vänersborg, Sweden.

Queensland is seeking private sector support to invest in two major projects that would further boost the coal industry, according to Premier and Minister for Reconstruction Anna Bligh.

The Swedish retail chain Ikea used political prisoners in East Germany as ''slave labour'' to make furniture, reports said.

She may own the biggest purse in Australia but mining billionaire seemed unable to quell the restiveness within the family as Gina Rinehart found out on Thursday that her daughter, Hope Rinehart Welker had filed a lawsuit against her.

Samsung Electronics and Microsoft have teamed up to manufacture a new tablet computer with Microsoft's latest operating system, according to a report from the Korea Economic Daily.

A lot of Australian workers are being forced to work longer hours without corresponding compensation, a new survey reveals.

The World Economic Forum listed China as the world's 26th most competitive nation on its Global Competitiveness Report 2011-2012 released on Wednesday.

Amidst the public apology issued on Wednesday by U.S. energy giant ConocoPhillips, over oil spills in Bohai Bay, Beijing has ordered a thorough investigation of the affected area to know the exact damage to the environment, reports said.

Google has confirmed that China has renewed its ICP license to operate for another year in spite the tension between the two for more than a year.

Rio Tinto criticized on Thursday the Australian government for its failure to deliver on carbon tax promises, which the Labour government agreed on with industry leaders.

How did the Australian FY11 corporate result season stack up?Do analysts feel better or worse now for the year ahead?How might one best approach FY12 investment?All this and more will be discussed in FNArena's Market Insight program at 4.

Even giant corporations are affected by the continuing global economic slack. In Hong Kong, one of Asia’s iconic banks, HSBC will furlough 3,000 employees over the next three years, reports have confirmed

- Engineering and Contractor sector results met expectations- Weak macro outlook a threat to earnings- Higher costs and margin pressures also an issue- Brokers highlight their sector preferencesBy Chris ShawFor Australian engineering and contracting companies the recent FY11 reporting season was lar...