National Australia Bank (NAB) Chief Executive Cameron Clyne is not intimidated by Goldman Sachs economist's statement that Australia might have a 20 per cent chance of going into recession in 2014. The NAB chief executive is confident due to the low employment rate which will serve as a buffer against recession.
The death toll from the SARS-like Middle East Respiratory Syndrome Coronavirus (MERS-CoV) in Saudi Arabia has risen to 32, as the kingdom's Health Ministry disclosed on Monday that four more have recently succumbed to the fatal disease.
At least one humdred Victorian jobs are expected to be generated as the Malaysia-based global Tune Hotels opens its new 225-room hotel and operational headquarters in Melbourne in November.
When the ever evolving world of technology gave birth to text messaging some 20 years ago, people from around the world rejoiced at how messages can now be immediately sent to target recipients. Unwittingly, however, it caused the death of some communications tool, such as India's telegram service.
The kingdom of oil-rich nation Saudi Arabia has advised pilgrims to the annual Mecca Hajj season to defer to next year their plans of going to the holy city, citing delayed expansion works at the Grand Mosque as well as fears over the Middle East Respiratory Syndrome Coronavirus (MERS-CoV).
Transport systems in France were severely crippled this week as thousands of employees working for the country's aviation and rail sectors left their posts, leaving thousands of commuters stranded in stations and airports.
The World Bank on Wednesday lowered its growth estimate for the global economy in 2013, in part due to the spiralling eurozone crisis, but said that outlook appears more stable than just before the 2008 financial crisis.
New York's mayor Michael Bloomberg has unveiled plans for the city to defend itself against future storms and dangers posed by climate change, recommending the construction of anti-flood fortifications including removable floodwalls, levees and sand-dunes in low-lying areas across the city.
Goldman Sachs warned on Wednesday that Australia has a 20 per cent chance of going through a recession in 2014 due to the slowdown in mining investments.
You have to give it to those Japanese. They know how to put on a show. The Nikkei 225 had a lazy 636 point gain on Monday while most Australians enjoyed a public holiday. The gain was good enough for a 4.94% rise in the index. It just goes to show you that those who are determined to ruin the world's financial system have a nearly inexhaustible arsenal of bad ideas.
How about that? The Dow rose 207 points on Friday. Gold down $32 per ounce.
Fidelity analyst Heather Hagerty says a lower Australian dollar is beneficial but the speed of the currency's decline 'is the real problem'. Translation: the lower dollar will be good for mining businesses, industrial stocks, and exporters. But if the currency falls too far too fast, it could accelerate the flight of foreign capital from the country.
Geelong suffers another blow as Target announces 260 job cuts in the region. The Target decision follows Ford's earlier announcement of business shut down in Australia, resulting to hundreds of displaced Geelong workers. Also, 450 workers in the region are facing uncertain future as Shell Refinery is said to be planning to sell by next year.
South Australia recorded the highest growth in the number of housing loans for the month of April. Overall, the country enjoyed a slightly adjusted increase of 0.8 percent compared to March.
Mr. Bernanke's price-fixing scheme ran over a speed bump. The Dow dropped 216 points. Just a jolt, for now. The brick wall is still ahead.
It seems that after all US households are getting stronger as newest findings indicated that they got out of the financial crisis woods. As total net worth of US households for the first quarter pleasantly surprised, we should remember that this positive trend was driven by a stronger real estate segment and improving stock market as well. Yet analysts note that many low and middle class households do not feel any improvement at all, facing increasing problems.
West Australian Newspapers, the company publishes the West Australian, Community Newspaper group and 21 other titles, is cutting 110 jobs by the end of this month. This was announced by company chief executive Chris Wharton to the staff today.
A survey by the Center for Social Impact and NAB reveals that almost one in five Australians don't have access to basic financial services. This means they don't have at least two of the following: a basic bank account, a credit card, or basic home and car insurance.
The Australian mining sector has been warned of iron ore price fall for the next six months. This was expressed by one of China's top steel makers Ansteel, as it also underscored the current struggles of the Chinese steel industry.
Green Energy Markets compiled government data to come up with an analysis of how Australia will be on track to sustain 22% of renewable energy by 2020. By 2050, the counry can achieve 51% sustainability on renewable energy.
What previously was a struggling industry in the United States is now a booming area. The auto industry just recently announced its plans of going on a hiring spree. Car makers and suppliers are on the hunt for technicians, engineers and factory workers to satisfy the increasing demand and build the next generation cars.
The answer of Andrew Liveris, Dow Chemical global chairman and chief executive, to that question is a resounding "Yes".
The chair of the Australia-US Business Council said that Australia is losing the ability to innovate and develop. Liveris said acknowledges that Australia has the resources and tools to discover new products and innovate.
The share price of Newcrest Mining falls to an all-time low in 30 years resulting in a $780 million loss for the company. Newcrest Mining blames the drop in gold prices on the company's decision to reduce spending by 20 percent.
The list of drought-affected shires in Australia's Queensland continue to expand, this time with the inclusion of Mount Isa, taking the total number of drought-declared shires to 14.
Australia's economic growth for the three months to 31 March came in at 0.6%, just below expectations of 0.7% growth. The annual rate of expansion slowed to 2.5%, the slowest growth rate since June 2011.
As high as food and gasoline and other basic commodities are across the U.S. these days, they would cost much, much more were the American dollar not the world's reserve currency. Economists have known that for decades.
Just as the world gets to slowly accept same-sex marriages, a reversal of roles seem to be happening. If a same-sex couple gets rejected of a request, a thin dividing line ensues of differing personal and professional beliefs.
If you're the faint-hearted type, this is not for you. But for thrill-seeker adventurers, this video on YouTube of a Saudi daredevil man texting while above the hood of a speeding car could give them the much needed adrenaline rush.
With about 1.6 million Americans having experienced violent phone thefts in 2012, law enforcement officials have taken two steps forward to combat the situation.
Not only do they get to live normal lives, but children of gay parents and same-sex couples are actually healthier, happier and thrive more than children of straight heterosexual couples, according to a study by the Australian Study of Child Health in Same-Sex Families.
