BUSINESS

Specialist traders work at the post that trades Alibaba Group Holding Ltd during the company's initial public offering (IPO) under the ticker "BABA" at the New York Stock Exchange in New York September 19, 2014.

Sydney Software Firm Bigcommerce Teams Up With Alibaba To Beat Amazon

Fresh from its New York initial public offering (IPO) that raised a record $25 billion fresh capital, Chinese e-commerce giant Alibaba (NYSE: BABA) has partnered with an Australian software company. Its team up with Bigcommerce is expected to further rival its US competitor Amazon.
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Bank of England Governor Mark Carney (L) and European Central Bank Governor Mario Draghi speak before a meeting of the International Monetary and Financial Committee (IMFC) at the World Bank/IMF annual meetings in Washington October 11, 2014.

Global Markets Overview – October 22, 2013

'Volatility is a natural part of markets, whereas highly accommodative monetary policy is not.' This was my statement on Monday about the effect of monetary policies on markets - it acts as a volatility depressor.
Asian stock market

Australian Stock Market Report – Afternoon October 21, 2013

Australian shares faded this afternoon to end a touch lower for the first time in six days. The All Ordinaries Index (XAO) fell by 0.1 per cent following the 0.9 per cent improvement on Monday. Better than expected Chinese economic news initially boosted markets and currencies at 1pm AEDT.
A man is reflected as he walks past the Australian Securities Exchange building in central Sydney April 8, 2011. Singapore Exchange Ltd has terminated its $8 billion bid for Australia's ASX Ltd after the Australian government formally rejected the offer o

Australian Stock Market Report – Midday October 21, 2013

Australian shares are higher for the sixth straight day with the All Ordinaries Index (XAO) up 0.2 per cent at lunch. Despite the strong run local stocks remain 6 per cent below September highs and are treading water ahead of Chinese data this afternoon.
The Apple logo Is Pictured Inside The Newly Opened Omotesando Apple Store

Global Markets Overview – October 21, 2013

Corporate earnings optimism is certainly driving US market as we expected - Apple released its results and the initial reaction to its thumping results added 1.1% in after-hours trade. It was up 2.1% in the cash market.
European Central Bank

Australian Stock Market Report – Morning October 21, 2013

European shares fell on Monday, trimming gains made in the previous session. German software maker SAP fell 5.8% after cutting its full-year profit outlook. The news hit the tech sector with the STOXX 600 Technology sector falling 2.4%. German sportswear firm Adidas rose 3.6% after the Wall Street Journal reported that an investor group was planning a bid to buy Adidas's Reebok unit. The FTSEurofirst 300 index lost 0.5%. The UK FTSE fell 0.7% and the German Dax lost 1.5%. And Australia's m...
Stock market

Australian Stock Market Report – Afternoon October 20, 2014

Australian stocks maintained earlier gains to close higher for the fifth consecutive trading session. Gains in excess of 1 per cent for the miners, banks, industrials, consumer discretionary and property trusts pushed the market higher. The All Ordinaries Index (XAO) improved by 0.9 per cent or 47.2pts to 5307.3.
n office worker walks past an Australian Securities Exchange (ASX) window showing the main losses for the day in central Sydney July 23, 2012. Australian shares slumped 1.7 percent on Monday, the biggest one-day fall in seven weeks, as investors fled from

Australian Stock Market Report – Midday October 20, 2014

Australian shares are improving for the fifth consecutive day, with the All Ordinaries Index (XAO) up 1 per cent or 55pts to 5314.5. All major industries are improving at lunch however global markets remain volatile and could easily change directions on news and data.
Federal Reserve

Australian Stock Market Report – Midday October 17, 2014

Global markets finished mixed overnight with investors shrugging off earnings results from Google, Goldman Sachs and Netflix together with better than expected economic news on jobless claims and industrial production. Investors paid more attention to comments by James Bullard (non-voting member of the FOMC). He said the Fed should consider delaying the end of its stimulus program with recent sharpmarket moves and falling inflation two main reasons.

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