Investors worldwide sold shares amid yesterday and overnight amid growing concerns that global economic growth has stalled as well as a surge in new tensions in the eurozone.
By Greg PeelRetail sales fell by 0.1% in June to be up 1.4% annually on a nominal basis. On a trend basis, sales are up 0.
The Australian Dollar has opened trading around the 1.0750 level after trading lower in the overnight session.
Blue-chip stocks reversed a steep morning drop to snap an eight-day losing streak. In a volatile session, the Dow Jones Industrial Average squeezed out a gain of 29.82 points, or 0.25%, to finish at 11896.44.
Office markets around Australia have strengthened amid resurgent occupier confidence, albeit CBD markets retain the lead over their suburban counterparts, new research shows.
The US ADP survey of private payrolls showed that employers added 114,000 jobs in July, above forecasts for a 100,000 gain. The ISM services index eased from 53.3 to 52.7 in July, below expectations for a result near 53.6.
Hoping to hit the bulls eye, RIM is launching not just one but five arrows: RIM is releasing 5 new BlackBerry smartphones based on the BlackBerry 7 Operating System in its largest roll-out ever.
South Korea-based Samsung has agreed to stop advertising or selling the Galaxy Tab 10.1 in Australia until a lawsuit between the two are resolved.
Qantas Airways has sacked a John Travolta safety video from its flights, igniting union fears that CEO Alan Joyce will soon announce a major restructure of the Australian airline that will include pilots' jobs being outsourced.
Singapore budget carrier Tiger Airways will not be able to fly until at least next week after a court hearing into an extension of its flying ban was postponed for the fourth time this morning.
Leighton's (ASX: LEI) subsidiary, Leighton Contractors has secured a $115 million contract by Sydney Ports Corporation to deliver the main construction phase of the Intermodal Logistics Centre (ILC) at Enfield in South-West Sydney.
Come and say 'Hello' to Your Editor in the weeks aheadFNArena Editor Rudi Filapek-Vandyck will be presenting at the upcoming Trading and Investing Expo in Sydney, and you are all invited to attend and say 'Hello' and have a chat after scheduled presentations on Friday and Saturda...
Australia's services sectors offering accommodation, cafes & restaurants, transport & storage, property & business and personal & recreational service have recorded gains in July, according to the latest services index survey from the Australia Industry Group in collaboration with the Commonwealth Bank.
- Australian house prices are among the most unaffordable in the world- the problem is nation-wide and not restricted to cities- AMP sees little relief in sightBy Greg PeelThe rule of thumb is that house prices cross over into "unaffordable" territory when the median house price exceeds five times t...
Talent2's APAC Market Pulse Survey, released last month, revealed that 67% of HR executives report having experienced problems in recruiting due to skills shortgages.
There are only 2 days left to submit your nominations for the Australian HR Awards.
The employment markets overseas are still very soft. This is notably the case in most Western economies such as the UK, Europe and the US. With this as a backdrop, what are the implications for Australian HR professionals?
Well, I'd take the latter, over the former, which remains a fiddle and of no lasting importance except, hopefully, to remove the threat of the US defaulting on its debts.
So there's an agreement on the US debt ceiling and spending cuts? Well, yes, but not until the Senate and the US House of Representatives approves it.
Yesterday outdoor adventure wear retailer Kathmandu Holdings again confirmed that it was doing much better than the rest of the sector with another solid trading update.
Building approvals slumped in June, the June quarter and the year to June while house prices for the year to June and the June quarter were also lower.
The US Senate has passed the bill to cut spending and raise the debt ceiling. President Obama has signed the debt bill into law.
Interest rates are now on hold for at least another quarter, pushing the most logical date for a Reserve Bank decision back to the Melbourne Cup meeting on the first Tuesday in November.
By Greg PeelThe Dow fell 265 points or 2.2% while the S&P lost 2.4% to and the Nasdaq dropped 2.8%.In June, personal incomes in the US rose by 0.
By Greg PeelAt first glance the RBA's August monetary policy statement appears very similar to July's until one looks a little closer.
Sony Computer Entertainment announced Tuesday that long-time partner Sucker Punch Productions is joining the global development operation of Sony Computer Entertainment Worldwide Studios (SCE WWS).
According to a research firm, Samsung Electronics Co., Ltd. has moved ahead of Finnish handset maker Nokia, with its flagship Galaxy S II product performing well. But Samsung's overall performance was underwhelming, considering the opportunities offered by the upheaval at Nokia, according to research firm Canalys.
Adobe, the software company famous for its Flash software running the online animation, video and graphics on most computers, unveiled a preview of its latest software called Adobe Edge.
One of Norway's largest retailers, Coop Norway announced last week that they will pull 51 games and toy brands from their stores after the Oslo and Utoya shootings killed 77 people in a government building and a youth camp.
Finding suitable and qualified tradespeople has re-emerged as a major challenge for the automotive sector in South Australia. A 2011 skill shortage survey by the state’s peak automotive industry group, the Motor Trade Association found that 69 per cent of respondents had experienced difficulty in attracting suitable people. This compares with 57 per cent the year before.
