Australian shares extended their losses this afternoon with hefty losses from the miners a major drag. The ASX 200 Index slumped by 1 per cent to 5316.2 and makes it the worst week since early December 2013 for local shares. Equities have fallen for four straight days and are trading at fresh one-month lows.
Prices of a cup of coffee as well as sandwiches in Tim Hortons are set to go up on Nov 26.
New York residents have been warned to brace for more snow this weekend.
Equity trading is getting ugly again; the US has been absent-mindedly meandering higher over the past month yet that lead has not transferred to Asian markets (disregarding the spending machine that is Japan).
Australians could expect a fresh round of juicy details about the country's biggest family feud involving its richest person - Gina Rinehart and her four adult children, two of whom are estranged from the mining tycoon.
In the US, housing starts fell by 2.8% to a 1.009 million annual rate in October. Analysts had tipped a result near 1.025m. But building permits were stronger than expected, up 4.8%. The mortgage market index rose by 5.2% in the latest week. And there were net capital outflows totalling US$55.6m in September.
Target has released its Black Friday 2014 store maps app featuring the various in-store sales for customers.
The ASX 200 continued to lose ground over the course of the afternoon. While the market finished around session lows, the more discouraging aspect of the session was the index breaking down through the 5400 level. In the last day the market had shown some signs of support around this key support level, although today's close indicated that the sellers had won out. The more important measure will be whether the index closes above 5400 on a weekly closing basis.
In the last two and a half weeks there have been only 3 occasion on which the ASX 200 has risen. The weaker trend was once again in force at the open of trade on Wednesday. While the early losses for the ASX 200 were contained; the index was down 18 points at the low of the session; it appeared clear that sellers were still keen to test the index in terms of support around the 5400 mark. Whether the market holds above this level will be one of the key matters to resolve over the remainder of the...
The U.S. has lost the prime spot of being the world's favourite country to Germany, no thanks to Russia and Egypt which heavily tested its commitment to global peace and security.
Toronto wants Uber banned in its roads.
Walmart has released its Black Friday store maps featuring the various sales offered in-store.
The final market altering event of 2014 is now underway. I've been keenly watching political and fiscal events that have transpired in Japan over the past month. Last night they reached a pinnacle at Prime Minster Abe's press conference.
In the US, producer prices rose by 0.2% in October to be up 1.5% over the year. Core prices (ex food & energy) rose by 0.4% to be up 1.8% on a year ago. The NAHB housing market index improved from 54 to 58 in November.
New Zealand oil prices have dropped to their lowest in 18 months but experts believe the trend may not last for long.
New Zealand Trade Minister Tim Groser has promised to take up the issue with China if Australia's trade deal turns out to be better.
Walmart has released its Thanksgiving 2014 ad which has a lot of discounts and sales on various items.
Qantas Airways has entered into a partnership with China Eastern.
Local shares have been dipping in and out of positive territory so far today with investors remaining indecisive. The ASX200 Index is unchanged and has been approaching the 5400pt mark; a level not breached since late October.
The rise in demand and the fall in production of cocoa is affecting the manufacture of chocolate.
That general feeling of unease only intensified with the release of Japan's third quarter GDP figures yesterday.
In the US, industrial production fell by 0.1% in October, short of forecasts tipping a 0.2% gain. The New York Fed manufacturing index rose from +6.17 to +10.16 in November.
Because of the huge demand for shares of Medibank Private, the state-owned health insurer could possible raise A$4.8 billion in fresh capital and become the biggest listing in Asia over the past 24 months.
The Chinese president approved the free-trade agreement with Australia and surprised many.
The demand is understandable given that London is the most lucrative international property market.
Australian shares finished in the red for the fifth time in six days with the ASX200 Index slipping by 0.8 per cent. The local market slumped by 1.7 per cent last week and US equities finished mixed on Friday.
Macy’s has a lot of discounts and rebates on various items including bags, shoes, luggage, furniture, appliances, makeup and skin care products starting on Nov. 27, 2014.
X-rays revealed a DHL box labelled as toys actually contained chopped body parts of an infant such as the head, foot and heart. The staff of the global courier company discovered on Saturday the grisly contents as they prepared to ship the box from Bangkok to three Nevada addresses, The Age reports.
There is a general feeling I get from commentary, investors and the market itself that we all want 2014 to finish now, locking in the gains we've seen this year.
The open of trade on Monday saw the ASX 200 go the way it has done for most sessions in recent weeks, down. The low point of the morning saw the index at a deficit of 34 points, although there was no sign buyers were keen to start a new week by taking advantage of lower prices. The weaker bias was informed by the unconvincing outcomes for US and European equity markets at the weekend. US share markets finished mixed on Friday. The Dow Jones was down by 18 points or 0.1% but the S&P 500 index was...