Orange Open To Buy-Out Spanish Telcos Jazztel & Yoigo
French telco giant Orange is considering a buy-out of Spanish telcos Jazztel and Yoigo if ever these two firms would be placed on the block, said Orange CEO Federico Colom.
Global Markets Overview – September 10, 2014
Equities retreated further with Apple's much anticipated iPhone 6 failing to inspire investors. Apple unveiled a range of new products but the excitement swiftly waned as the stock was sold off after having enjoyed some good gains. This wouldn't have come as a big surprise as the stock tends to fall following new product launches. Some would probably feel the pullback we are seeing this week has been coming for a while with US equities looking a bit overcooked and as the US dollar rallies ...
Australian Stock Market Report – Morning September 10, 2014
In US economic data, weekly chain store sales were up 4.9% on a year ago according the Redbook survey, an unchanged annual growth result on the previous week.
Real Estate Investing Is ‘All Local,’ Says Canadian Portfolio Manager
When investing in real estate, it is easy to dismiss some portfolio as high-risk based on the category of property or investment vehicle they belong to, and the market forces that are expected to impact them in the near future. More often than not, what matters is that investors look at each real estate asset from a "local" perspective, a Canadian portfolio manager noted in a Financial Post report.
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Australia's Economic Slump Seen As China Faces Property Woes
The economy of Australia may be in the danger zone, according to a former chief economist of the federal government. China's property crisis has a direct link to Australia's economic performance.
Australian Stock Market Report – Afternoon September 8, 2014
The Australian sharemarket kicked off the trading week in the red, with a record close in US equities on Friday night not enough to boostlocal markets. The All Ordinaries Index (XAO) fell by 0.4 per cent and remains below 5600pts. Volume was light with only $3.6bn worth of shares traded. Public holidays in China, South Korea and Taiwan kept markets in the region quiet, with shares in Japan up 0.25 per cent, while New Zealand's NZX50 rose by 0.15 per cent.
New People-Centric Ad Campaign Reminds Industry To Sell The Idea Of ‘Homeownership’
Luxury listings curator and real estate company The Corcoran Group, has hired distinguished photographer Annie Leibovitz to photograph its portfolio for a massive ad campaign. The campaign, Live Who You Are, puts emphasis on the joys of homeownership rather than merely investing, at a time when property consumers rely more on big data in their home search endeavors, and agents tout the use of the latest listings technology to make a sale, a new report on The Financial Times said.
Apple Inc. (AAPL) Stock Price Target Raised to $123; Samsung's New Products 'Half-Baked'
The launch of Samsung's new products like the Galaxy Note 4 did not deter analysts from increasing their price target for Apple stock. Apple shares are expected to rise after the company's "Fab Fall" Sept. 9 event.
Global Markets Overview – September 8, 2014
A few surprises in data and the political world over the weekend have seen futures and currencies falling out of bed this morning.
Alibaba New York IPO Roadshow Starts Monday, Shareprice Between $60 & $66
Chinese e-commerce giant Alibaba Holdings starts on Monday, Sept 8, its roadshow for the company's initial public offering (IPO) expected to raise as much as $24 billion, documents filed with the U.S. Securities and Exchange Commission on Friday showed. The roadshow kicks off in New York.
Australia Bans Sale of ‘The Simpsons’ Duff Beer
Duff beers are said to encourage children and adolescent to grab a bottle.
Real Estate Shutterbugs Await FAA Rules To Post Drone Shots
Until the Federal Aviation Authority releases its final rules on the use of drones, Michigan real estate photographers that use them to collect photos of listings can only marvel at the beauty of their shots and would have to hold out in publishing them online, according to a report on Michigan Live Web site.
Global Markets Overview – September 5, 2014
Traders are calling the euro the gift that keeps on giving after yet another slide on the back of yesterday's meeting.
Australian Stock Market Report – Morning September 5, 2014
In US economic data, the Markit Services Sector PMI eased from 60.8 to 59.5 in July. The US ADP Employment survey showed an increase of 204,000 private sector jobs in August. The US trade deficit narrowed from $40.8 billion to $40.5 billion in July - a six month low. The result was driven by a 0.9% lift in exports to a record high of $198 billion in July.
Qantas Chief Executive Alan Joyce’s Pay Cut 40%
Because of the financial losses suffered by Australian flag carrier Qantas, the officials of the company, led by Chief Executive Alan Joyce, suffered hefty pay cuts during the last financial year.
Australian Stock Market Report – Afternoon September 4, 2014
Despite closing 0.4 per cent softer this afternoon, the local sharemarket ate away at the more substantial 0.6 per cent low hit at 3.30pm (AEST). The banks accounted for around a third of the losses while weaker iron ore prices kept the miners under pressure.
Yet to be Released iPhone 6 Has Already Racked Up 33k Preorders in China
Apple has yet to officially unwrap its newest iPhone 6, but this early, preorders in China for the much coveted gadget has already reached to over 30,000 units.
What We Know About Australia's Most Expensive Street
Where do the rich live in Australia?
Australian Stock Market Report – Midday September 4, 2014
Markets are softer at lunch, with the All Ordinaries Index (XAO) down 0.3 per cent. Despite the weakness local shares are still only 0.6 per cent below six-year highs. US markets finished mixed overnight, but the moves across all major American markets were modest.
Sept 11, 9/11: Photos of 20th Hijacker to Remain Classified – US Court
The photos of a so-called 20th hijacker in the Sept 11, 2001 terror attacks against the United States will remain classified, a federal appeals court ruled on Tuesday.
Australian Airlines Revised Policies: Electronic Devices Now Allowed On Takeoff And Touchdown, And Other Changes
Good news for those who can't part with their gadgets, Australia's Qantas and Virgin Airlines have modified their policies on electronic devices.
Ukraine Crisis: EU Mulls Slapping Sporting Ban On Top Of Economic Sanctions Vs Russia
The European Union is mulling to slap Russia a sporting ban on top of the prevailing economic sanctions it had given Ukraine's aggressor.
Global Markets Overview – September 4, 2014
There is lots to be made of the cease-fire deal coming out of Ukraine overnight.
Price Of Iron Ore Tumbles Down To 5-Year Low Of $85.70/Tonne, Could Dip Further To $75
Australia's mid-tier miners suffered another blow as the price of iron ore in the international market dipped 1.2 per cent on Thursday and went down to a five-year low of $85.70 per tonne.
Australian Stock Market Report – Morning September 4, 2014
In US economic data, auto sales were estimated at a 17.4 million annual rate in August, well above forecasts for 16.6m annualised sales. Factory orders rose by 10.5% in July, just below forecasts for an 11% gain. Chain store sales in the latest week were up 4.9% on a year ago, above the 4.0% gain recorded last week. The ISM New York index rose from 644.4 to 648.0 in August.
Coles Cuts 400 Jobs, But To Open More Stores
Australian grocery giant Coles said on Wednesday that it would axe more than 400 jobs from its head office in Melbourne. At the same time, it would open more outlets.
Australian Stock Market Report – Afternoon September 3, 2014
The early progress evident in the market this morning had been stymied by lunchtime and the balance of power had swung back to the sellers. The reversal of fortunes reflects the gains seen in the market over the course of the last 24 hours where the ASX 200 has gained about 1 per cent since the low s of the previous day. One of the factors supporting Asian markets as a whole over the afternoon was the improvement in S&P 500 futures over the course of the afternoon.
Emirates Will Not Invest in Qantas – CCO
The chief commercial officer (CCO) of Dubai-based Airline Emirates has flatly denied it has ambitions to invest in the international operations of Australia's Qantas Airways.
BlackBerry to Host ‘See The Bigger Picture’ Event in London, Dubai & Toronto on Sep 24
BlackBerry has announced that it is going to host events in London, Dubai and Toronto. The invite-only proceedings, which will apparently help invitees “See The Bigger Picture,” is going to be held on Sep 24.
Global Markets Overview – September 3, 2014
Although the chances of a 'QE' program being implemented in Frankfurt on Thursday are remote at best, the chances of a program being implemented in the coming six months are above 50%.
Australian Stock Market Report – Morning September 3, 2014
In US economic data, the ISM manufacturing index rose from 57.1 to a 3½ year high of 59.0 in August, well above forecasts of 56.8. And construction spending rose by 1.8% in July, above forecasts for a 1.0% gain and to a 5½ year high.
Austin Tops List of U.S. States with Quickest Home Sales
Latest market data reveal that Austin has topped the list of real estate markets where homes stay shortest in the market, according to a report on Kxan.com.
iPhone 6 To Boost Telstra’s Income By $500 Million
Like other telcos, Telstra is looking forward to the official launch of Apple's iPhone 6 on Sept 9 and its shipment to Australia. The latest flagship of the Cupertino-based tech giant is expected to boost Telstra's income by $500 million, Morgan Stanley Research analysts estimate.
Australian Stock Market Report – Afternoon September 2, 2014
The Australian market improved this afternoon to finish at the best levels of the day and at a fresh six-year high. Volume was light due to the Labor day holiday yesterday in the US.
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