COMPANIES

Telstra Opens Financial Markets Data Centre at ASX

Global Stock Market Indices
Telecom giant Telstra opened a data centre at the Australian Securities Exchange (ASX) that would connect financial centres. The Australian Liquidity Centre (ALC) was built mainly to make available fast and reliable connectivity to other major financial centres.
Apple Ipad tablet

iPads, Macbooks Banned in Chinese Gov't Report Denied; Apple Inc. Leads Global PC Market Share

A report has recently circulated that China has banned the use of Apple devices such as iPads and Macbooks in government. The Chinese government has allegedly excluded Apple from its list of authorised products for official use due to security concerns. In a Bloomberg report, government officials who requested not to be identified, said China has discontinued the procurement of ten Apple products. The items have been removed from a list distributed in July.
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Miners walk towards a mine to take part in search and rescue operation for their colleagues trapped in a coal mine after a mining disaster in Soma, a district in Turkey's western province of Manisa May 16, 2014. The operator of a Turkish mine in which 284

3,500 Mining Jobs Lost as Bluestone Global Goes into Administration

About 3,500 mining jobs would be lost, following the going into administration of Australian miner Bluestone Global. The company, listed in the Australian Stock Exchange, said in a statement on Tuesday that it failed to secure shareholder support to fix its balance sheet by merging with other companies.
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.
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.
Youths play pond hockey on Pigeon Lake near the town of Bobcaygeon

Debt-Laden Millennials Join Stock Market

A behavioral finance expert said members of Generation Y, also known as Millennials, appear to view the stock market as a quick fix to their debt problems, mainly college debts.
Patients sit together outside a hospital after they were evacuated following an earthquake in Acapulco, in Guerrero state, April 18, 2014. The powerful earthquake struck Mexico on Friday, shaking buildings in the capital and sending people running out int

Biggest Australian IPO in 4 Years as Healthscope Could Raises $2.12 Billion

The planned initial public offering (IPO) of Healthscope is expected to raise for the second-largest hospital operator in Australia $2.12 billion with private equity giants TPG Capital Management and Carlyle Group reportedly pricing the shares at $1.98, the upper end of the target range, Reuters reported.

CBA, NAB, Westpac in Fixed Rate War Offering Below 5% Interest

Three of the big four banks in Australia cut their fixed interest rates on Wednesday to below 5 per cent as part of a rate war among the lenders. The rate war provides borrowers the opportunity to enjoy record-low interest rates on the long term.

New Zealand's Largest Snack Food Company Bought for NZ$700 Million

The largest snack food company in New Zealand is sold to the Philippines' Universal Robina Corporation (URC) for NZ$700 million or US$609 million. Griffins, owned by Pacific Equity Partners which is a private equity fund manager in Australia, will be paid NZ$100 immediately.

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