BUSINESS

Global Markets Overview – August 5, 2014

Janet Yellen
There was a solid recovery in US markets overnight, however this is not surprising considering the profit taking and reactions to 'good news is bad news' that resulted in falls last week.
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A staff of a China Mobile shop (R) explains a function of the iPhone 5s to a customer in Beijing

iPhone 6 Production May Lead To Price Hike

Another report says that Apple is on the go to manufacture around 70 million to 80 million units of the two upcoming iPhones which may lead to higher costs of goods and services. The mass production will start this coming August together with the Apple's manufacturing suppliers - Foxconn, Pegatron and Winstronn.
Federal Reserve

Global Markets Overview – August 4, 2014

The Fed's view being proven correct. Over the weekend, the non-farm payrolls showed over 200,000 jobs were created, however part-time employment is leading the way and wage inflation is stagnant at best. Average hourly earnings month-on-month fell to 0%, and unemployment rose with participation still sitting near 1977 levels.
Unemployment

Australian Stock Market Report – Morning August 4, 2014

In US economic data, non-farm payrolls (employment) rose by 209,000 in July, just short of forecasts tipping a 233,000 lift in jobs. The unemployment rate rose from 6.1% to 6.2%. Personal income rose 0.4% as expected in June. The ISM purchasing managers index rose from 55.3 to a 3-year high of 57.1 in July, above the forecast of 56.0.
‘Black Sails’ TV Series Episode Review

New Zealand Enters a Season of Channel War

A channel war is brewing in the TV sector of New Zealand, with new challenger Telecom announcing its intent to take on the entrenched contender Sky TV with streaming videos.
A worker takes radiation readings on the window of a bus at the screening point of the Tokyo Electric Power Company's (TEPCO) tsunami-crippled Fukushima Daiichi nuclear power plant in Fukushima prefecture in this June 12, 2013 file photo. Since March 2011

Fukushima Radiation Tests on Waters Along U.S. Coast Yield Negative Results

Tests looking for possible Fukushima radiation contamination on the waters along the U.S. coast continued to yield negative results, a group of scientists said on Tuesday. However, they warned low levels of radiation from the March 2011 nuclear disaster in Japan are still expected to reach the US shore.
Government health workers administer blood tests to check for the Ebola virus

Ebola Doom: UK Panics, Holds Crisis Mtng; Expert African Doctor Dies

Authorities in Britain have called for a crisis meeting to tackle possible measures to fight off as well as cope with the spreading deadly Ebola virus. UK pressed the panic button after an infected man managed to fly out from disease-affected Liberia to the major international travel hub of Lagos, Nigeria. Although no British national has been infected yet, the British government views the incurable disease as a "very serious threat."
Dow Jones

Shanghai Stock Exchange Will Not Extend Trading Hours

Trading at the Shanghai Stock Exchange will remain from 9:30 to 11:30 am and 1 to 3 pm. The Chinese bourse has little chance of extending its trading hours to match Hong Kong's, which ends at 4 pm and has just a one-hour lunch break from 12 noon to 1 pm.
Stock Market

Australian Stock Market Report –Afternoon July 30, 2014

Despite pulling back a touch from the highs reached at midday, the Australian market still managed to close at a fresh six-year high. The All Ordinaries Index (XAO) rose by 0.6 per cent and improved for the 12th time in 16 trading sessions. With only one day remaining this month, local shares have surged by 4.3 per cent in July; making it the best month in a year for the Australian market.
File photograph shows the nose cone of an Airbus A380 next to the tail fin of an Airbus A320 at the Farnborough Airshow 2012 in southern England July 10, 2012.

Air New Zealand Pays $1000 to NZ9 Passengers After Three-Night Delay

Air New Zealand has given its stranded passengers NZ$1,000 or US$850 as compensation for enduring a three-night flight delay. Passengers aboard Flight NZ9 were due to leave late July 26 from Honolulu to Auckland when airline officials announced it was experiencing mechanical problems.

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