BUSINESS

Flights to Bali from Australia Resume as Ash Plume Disperses

Indonesia's Mount Sangeang Api continues to spew ash clouds, but it had dissipated to levels considered safe for planes. According to Kristianto of the Eastern Indonesian division of the geological agency, Sangean Api spewed white ash to heights of one kilometre on Monday.

Japan Starts Constructing Ice Wall at Crippled Fukushima Power Plant

A worker stands in front of an 18-m (59-ft) high and 1.6-km (1-mile) long tsunami defence wall at Chubu Electric Power Co.'s Hamaoka Nuclear Power Station in Omaezaki, Shizuoka Prefecture, in this file picture taken May 17, 2013. In the three years since
Tokyo Electric Power Co., operator of crippled Fukushima power plant, has started constructing a huge underground ice wall around the Fukushima No. 1 nuclear plant. This plan is seen to control and manage the production of toxic water at the complex devastated by a tsunami that was triggered by a magnitude 9 earthquake in March 2011.
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New Microsoft Windows ‘Start Menu’ Delayed Until 2015

Microsoft said that it was planning to bring back the classic 'Start Menu' at its developer conference in April. However, the tech giant did not confirm the official date. Now it was being speculated that, an update to Windows 8.1 scheduled for August 2014 will bring this classic menu back to Windows OS.

Global Markets Overview – June 4, 2014

US equities were flat overnight, with investors non-committal heading into the business end of the week. The S&P had to come from behind and even managed to test an intraday record high before a minor pullback into the close. With US economic data starting to ramp up, beginning with the ADP non-farm payrolls, trade balance and the GDP reading, some investors feel this warrants a bit of caution. The market certainly seems to be pricing in a strong set of data from the US this week, which puts ris...

Australian Stock Market Report – Morning June 4, 2014

In US economic data, factory orders rose by 0.7% in April, above the forecast 0.5% gain. Chain store sales in the latest week were up 3.5% on a year earlier, up from 3.2% in the previous week. And the ISM New York index rose from 627.4 to 630.1 in May.

Australian Stock Market Report – Afternoon June 3, 2014

The losses steadily accelerated today, with the All Ordinaries Index (XAO) finishing close to the lows of the day; down 0.7 per cent to 5460.5. Worse than expected Chinese date and softer than forecast retail spending numbers kept investors uninspired.

Global Markets Overview – June 3, 2014

US equities printed a record high yet again, but this time with not quite as much conviction as we've seen in recent sessions. Meanwhile, a shocking German CPI print kept the stimulus camp happy in Europe, especially after the ECB flagged inflation as one of its key concerns. Data out of the US was quite encouraging with the final manufacturing PMI print mildly ahead of consensus, while the ISM manufacturing PMI was relatively in-line with consensus. There was a bit of drama with the ISM prin...

Australian Stock Market Report – Morning June 3, 2014

In US economic data, the ISM manufacturing reading was initially released showing an unexpected dip from 54.9 to 53.2 in May. However according to multiple reports, ISM corrected itself by saying manufacturing activity actually improved to 55.4 in May. That helped ease concerns about the economy, and the Dow Jones industrial average quickly climbed back into positive territory on the altered result. US construction spending rose by 0.2% in April.

Australian Stock Market Report – Afternoon June 2, 2014

Local stocks managed to rise for the first time in three sessions. Promising Chinese data on Sunday and a better end to the week across U.S. markets acted as catalysts. The All Ordinaries Index (XAO) rose by just shy of 0.5 per cent, closing near the highest level of the day.
A train hauling carriages filled with iron ore is seen on the outskirts of Port Hedland in the Pilbara region of Western Australia in this December 3, 2013 file photo. If Australian miners are worried about the dramatic decline in iron ore prices, it does

Australian Stock Market Report – Midday June 2, 2014

Despite a weaker start the Australian sharemarket is creeping higher at lunch. Better than expected Chinese data out yesterday together with a firmer end to the week in the U.S. are helping local stocks. The market is being held back most by the miners, with continued weakness in the iron ore price pushing the sector lower.
A Google Search Page Is Reflected In Sunglasses.

Google Removal Requests Mostly Related to Frauds, Crimes – CEO

Google, in compliance to a ruling by the European Union Court of Justice (ECJ) that allows the Europeans' right to be forgotten on the Internet, has created a Web site that will specifically handle such removal requests. On the very first day it was launched, the world's No. 1 Internet search company received a whopping 12,000 removal requests.

Global Markets Overview – June 2, 2014

US equities extended their gains on Friday, with the S&P printing yet another record high of 1924. Once again the S&P closed at the highs of the session and this is a positive sign heading into the new week. There are plenty of key events on the economic calendar this week that could really set up equities for solid gains. Firstly, we've already seen positive signs from China's manufacturing PMI reading. We also have the ECB policy decision, which is widely tipped to deliver stimulus. Whil...

Australian Stock Market Report – Morning June 2, 2014

In US economic data, personal income rose by 0.3% in April, in line with forecasts. But consumption fell by 0.1%, short of forecasts tipping a 0.2% increase. The Chicago purchasing managers index rose from 63.0 to 65.5 in May, above the median forecast of 61.0. Consumer sentiment rose from 81.8 to 81.9 in May, short of the 82.5 median forecast.

Door to Fairfax Board Room Still Close to Gina Rinehart

For the second time, Fairfax Media closed its board room door to majority shareholder and mining billionaire Gina Rinehart. The media company opted to replace retiring director Sam Morgan with advertising executive and TV personality Todd Sampson.

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