Global markets wrapped up the second quarter of the year on a mixed note on the back of some mixed economic data. In US trade, Chicago PMI missed estimates, while pending home sales came in well ahead of estimates. The housing market certainly continues to show some strong signs of improvement and this is helping lift confidence. Despite some encouraging data, the US dollar broadly lost ground, with the dollar index slipping below 80 for the first time since May. GBP/USD finally managed to break...
US San Francisco Fed President Williams (non-voter) spoke overnight and reiterated that he does not expect the Fed to raise interest rates ´´for some time´´. Although he did not specify what time period he had in mind, he has previously said that he expects a move in the second half of 2015.
Angry Mexicans have vowed never to ride again in Dutch air carrier KLM after the airline posted a racist tweet after Mexico lost to The Netherlands on Sunday in the ongoing World Cup games in Brazil.
The second-largest private hospital operator in Australia, HealthScope, said on Monday that it would seek up to $2.6 billion through an initial public offering. It would be the biggest IPO in the country since 2010.
Blackberry CEO John Chen wants to believe that the Canadian technology company is not yet dead, despite all signs pointing to an imminent for the once number 1 technology firm in the world.
Although China's red-hot economy has slowed down, the Asian giant is still the envy of many western economies that suffered contraction after the global financial crisis in 2008, while Beijing was logging double-digit GDP growth rates. However, a report by Bloomberg released on Monday indicated that the price of success of China's economic miracle is overworked workers that some were literally dying on their work stations.
IBM completes is nearing completion of its $1.2 billion global investment with Softlayer data centre in London.
The Australian share market ended the last trading day of the 2013/14 Financial Year in the red, however it has still been a solid 12 months for investors.
Sellers have been largely unopposed in the first part of the session on Monday. Almost every sector measured by the ASX has been in retreat in the absence of any strong lead from Wall St. Mining stocks were generally lower although the influences from underlying prices weren't significant. Base metal prices ended mostly lower, but nickel and zinc - both metals subject to supply-side issues currently - bucked the trend and finished higher. Precious metals were mixed, while global crude oil ben...
The housing affordability across New Zealand has worsened, according to Massey University’s Home Affordability Report. The new report reveals the price of houses in the country will continue to rise in the coming years.
At least 200,000 are now displaced in Paraguay, forced to flee their homes after floods caused by incessant torrential rains inundated the Paraguay and Parana rivers.
Relaxed but looking tired, Pope Francis has resumed to his post as spiritual pontiff of the 1.2-billion strong Roman Catholic faith, appearing on Sunday at a two-hour-long Mass in St. Peter's Basilica. Concerns are growing for the pope's medical situation as he has been abruptly cancelling appointments lately, or at least four times in the last seven months.
Equities finished the week on a positive note despite limited leads to work off. Additionally there were no major developments from the weekend and this really limits the leads heading into Asian trade. There were some minor headlines on the geopolitical front, with Iraq's military reclaiming some ground from militants, but this seems to have been balanced out by reports that Ukraine has asked Russia to strengthen border controls.
Apple Inc. reclaims number one spot in Barron’s list of The World’s Most Respected Companies
In US economic data, the University of Michigan final reading on consumer sentiment rose from 81.9 to 82.5 in June, mildly above expectations. Interestingly 1-year inflation expectations index fell from 3.3% to 3.1% - the lowest reading in six months.
At the end of the New South Wales Supreme Court's hearing of the Rinehart family feud on who should replace mining billionaire Gina Rinehart as the trustee of the $5-billion trust that controls about 25 per cent of Hancock Prospecting, youngest daughter Ginia admitted being hurt by brother John's remarks about her.
ANZ has combined daily banking features with a comprehensive wealth management solutions in a new app it just released.
After Apple's stock split on June 9, the price per share has dropped to around $92.
An international ratings agency has warned Australia of its "overheating" housing market despite the country's "very high" economic strength.
An international ratings agency has warned Australia of its "overheating" housing market despite the country's "very high" economic strength.
The Australian share market closed out the week on a negative note, with the All Ordinaries Index (XAO) closing lower by almost 18 points or 0.3 per cent to 5429.1 on Friday. Over the course of the week, the market finished higher by 0.5 per cent, thanks to the strong gains yesterday coupled with Monday's win.
Canadian food retailer Sobeys and its parent company Empire Co. will be closing 50 stores all across the country due to underperformance. Majority of the closing stores are located in Western Canada.
The radio industry in the US is talking about the firing of 1310 WIBA/AM morning talk show host Mitch Henck. His boot not only ends Henck's 12-year stint with the radio station, but also highlights the shift of the industry toward syndicated content, leaving no room for local voices.
Property firm Zoopla's (LSE: ZPLA.L) £1 billion flotation is the talk of the real estate industry. One of the questions being raised is if property portals like Zoopla will effectively replace the traditional real estate agent, which could leave the property market dominated by a relatively small number of realty firms.
The Australian sharemarket is flat after a 1.1 per cent surge yesterday. Global markets overnight ended mixed while a firmer ore price is helping the miners. Despite an uninspiring finish to the week, local stocks have still improved by 0.8 per cent over the past five days.
Equities were relatively sidelined in a quiet US trade. Most of the releases from the US were in-line with estimates and this resulted in an overall lack of direction. There was also some Fedspeak with Lacker and Bullard on the wires. Lacker commented on inflation, suggesting it was rising faster than expected with the move not being entirely noise.
Despite losing $2 billion in the last 12 months due to plummeting iron ore prices, mining magnate Gina Rinehart is still Australia's richest person and topped the 2014 BRW Rich 200 list released on Thursday.
St. Louis Federal Reserve President James Bullard warned that the Fed could fall behind the curve if the US unemployment rate drops faster than expected. In response to questions after his speech Bullard commented that at the current 6.3% unemployment rate, the US is ´´way ahead of schedule´´ on its trajectory toward a normal labour market. Bullard does not have a vote on the Fed´s policy-setting committee this year.
The tallest skyscraper in the Southern Hemisphere would soon rise in Victoria, Australia. The 100-storey tower will stand 319 metres tall upon completion.
The Australian share market had a solid session on Thursday, clawing back some ground following losses on Tuesday and Wednesday. Window dressing ahead of the end of the financial year, coupled with a strong lead from Wall Street, saw the All Ordinaries Index (XAO) rise 1.1 per cent today to 5446.8 points. That's been enough to turn around the week's fortunes so far, with the market now higher by 0.8 per cent on the week.
