ECONOMY

Pope Francis Has Cancelled 4 Appointments in Past 7 Months – Report

Doctors react after Pope Francis cancelled his visit at the Gemelli hospital in Rome June 27, 2014. Pope Francis cancelled a visit to a Rome hospital at the last minute on Friday due to what the Vatican called a "sudden indisposition".
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.
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Carers Top ABS List of Top 10 Jobs in Australia With Growth Over Next 5 Years

In February 2014, Australia's joblessness rate hit 6 per cent, the highest rate since 1997. Employment experts believe that by identifying the hot jobs over the next five years, Aussies could help prevent their becoming unemployed since they could initiate steps this early to shift careers or learn a new trade.

China Rare Earths: Increases 2014 Mining Quotas on Light Rare Earths

China's Ministry of Land and Resources (MLR) has announced the country has increased its 2014 mining quotes on light rare earths at 105,000 tonnes, a jump of 12 per cent from last year. Mining quotas for heavy rare earths and tungsten, in the meantime, were retained at 2013 levels.

Global Markets Overview – June 19, 2014

US equities extended gains on the back of the Fed meeting, printing fresh record highs, while the greenback lost some ground as yields fell. Most of the results from the meeting were expected, with the Fed tapering by an additional $10 billion and highlighted some positive signs in the US economy. While the Fed sounded upbeat about the economy, it certainly managed to maintain a dovish tone. Despite the tick up in inflation and fall in unemployment, Janet Yellen feels the easy monetary condition...

Australian Stock Market Report – Morning June 19, 2014

The US Federal Reserve has reduced its monthly asset purchases by US$10 billion to US$35 billion a month. The Federal Reserve has cut the forecast range for economic growth in 2014 from 2.8-3.0% to 2.1-2.3%. Fed chief Janet Yellen said that weaker-than-expected growth could delay any move to lift interest rates.

Global Markets Overview – June 17, 2014

After a downbeat European session, sentiment managed to recover in US trade, despite a continuation of Iraq concerns. There was some positive data out of the US including the Empire State manufacturing index, industrial production and the NAHB housing market index. However, investors seem to be looking ahead to the Fed meeting. The IMF was also on the wires downgrading the US growth forecast for 2014 to 2% (from 2.8%) and maintained 2015 growth at 3%. Major currency pairs just continue to hold t...

Australian Stock Market Report – Morning June 17, 2014

In US economic data, the New York Federal Reserve manufacturing index rose from +19.01 to +19.28 in June, above forecasts for a result near +15. Industrial production rose by 0.6% in May, just above forecasts. And capital flows into the US totalled US$136.8 billion in April after the previous month recorded outflows of US$126.1bn.

New Zealand Economic Growth Sustainable Despite Interest Rate Hike

The economy of New Zealand grew 1.1 per cent during the first three months of the year compared to 0.9 per cent in the fourth quarter of 2013. According to economists, the country's economy had probably accelerated during the first quarter of the construction and rebuilding in Christchurch.
Pope Francis waves as he arrives to lead his weekly general audience at St. Peter's Square at the Vatican June 11, 2014. REUTERS/Giampiero Sposito (VATICAN - Tags: RELIGION)

Arms Dealers, Traffickers are World’s Harbingers of Doomsday – Pope Francis

Probably feeling refreshed and well-rested after a 2-day absence from the job, Pope Francis blasted the corrupt, slave laborers, arms manufacturers and human traffickers during his general audience on Wednesday. He described people or institutions producing weapons of war are "merchants of death" and therefore the world's harbingers of doomsday.
New Zealand's Prime Minister John Key Smiles After the General Election in Auckland.

New Zealand Economy to Grow 3.5%; IMF Warns of Housing and China Slowdown

The International Monetary Fund (IMF) is expecting a 3.5 per cent growth for the New Zealand's economy for the year before going back to a 2.5 per cent average by 2016. According to the IMF, the country's economic expansion is being driven by favourable financial conditions, resurging construction activity, high commodity prices and a sufficient increase in immigration.

New Zealand 'Friendlier' to Start-Up Companies Than Australia

New Zealand is "more friendly" to start-up companies than Australia. Hobart native Craig Richardson is living proof of start-up success in New Zealand. When he left his home in Sydney to start his own tech company, he hasn't looked back since.

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