The Duchess of Cambridge sure has caused quite a stir in the fashion world, but is she ready for Britain's most coveted style showdown?
The Australian sharemarket lost ground for the fifth straight day today however did quite well to only fall modestly. The All Ordinaries index (XAO) eased by 0.3 pct or 10.5 pts to 4115.3. Shares were actually in positive territory for around two hours today only to give away those gains in the last hour and a half of trade.
In light of the continuing case for a fundamental change in Britain's media policy, parents of missing child Madeleine McCann have been called to court Wednesday for their testimonies.
Sometimes, watching the stars on the red carpet is just as good as watching the whole award show itself; such was the case for the American Music Awards.
China, the world's second-largest economy and also the world's largest consumer of iron, in a bid to manipulate the global pricing of the raw commodity, is set to launch the first iron ore physical trading platform by yearend.
Anticipating global demand for iron ore will dip further in the coming years, JPMorgan Chase & Co. has slashed its own price forecast for the steelmaking commodity by 10 per cent to 15 per cent for the next five years.
The 12-member supercommittee, as it is called, has clearly failed to end their talks as expected.
Turkmenistan has agreed to increase its annual natural gas supplies exports to China by 25 billion cubic meters, or a total of 65 billion cubic meters a year.
The ‘Arab Spring’, which continues its rattling campaign in the Middle East and North African regions, may have finally triumphed in Yemen as its president abandoned all defiance and agreed to a deal that would pave the way for his gradual exit from power.
Seeing Australia's potential as a vast, emerging economy, the Industrial and Commercial Bank of China (ICBC) gears to provide more banking services to its growing clientele by opening branches in Melbourne and Brisbane next year.
It looks like that securing a deal with the Australian Green Party on the newly House-approved mining tax came with a heavy price for banking customers, Australia’s banking alliance said.
The Australian sharemarket is a touch lower at lunch with the All Ordinaries index (XAO) down by only 0.1 pct or 3 pts to 4122.8. This an impressive performance for local shares considering that global markets took a battering overnight with European stocks trading at their lowest levels in 7 weeks after a failed bond auction by the Germans (this is one of the ways that governments raise funds).
Don't expect spending on the pentagon to decrease. Not with US national security at stake. And not with China posing an ever- greater threat.
The details of the $100-million pay-off between the Greens and the Labor government in exchange for the former's support of the mining tax are no longer secret.
Hong Kong-based holding company, CITIC Pacific Ltd., expressed disappointment that Australia included magnetite iron ore in the list of minerals contained in its proposed minerals resource rent tax (MRRT).
Aviation seems to be the key to improving the economy, and Dubai is no exception. The city in the United Arab Emirates has plenty of things going on with its logistics and aviation industry, propelling it to be a global logistics and aviation hub in short time.
Following reports of arranged marriages that recently involved a young Australian girl, the federal government said on Wednesday that it plans to put a stop to the practice it calls as tantamount to sex slavery.
Russia warned the United States on Wednesday that it could be inviting trouble with the latter’s plan of stationing missiles sites in Europe, purportedly as a form of deterrence and defence against the growing nuclear capability of Iran.
It was a mammoth oversight too expensive to ignore.Vale SA, presumably eager to capture a big chunk of the world's global demand of iron ore from the world's biggest consumer, jumped on the gun sometime in 2008 and worked to build its own fleet of commodity ships that will carry iron ore to China from South America. Its Vale Brasil has been recognized as the biggest commodity ship ever built.
The Steel Authority of India Ltd. (SAIL) on Tuesday announced India's steel demand will likely grow to only 6 per cent in 2012 as demand from the automobile and construction sector is restrained by higher interest rates.
Bell FX Currency Outlook:
The Australian dollar is lower again this morning as investors continue to pour into the traditional "safehaven" of the USD.
From Craig James, Commsec Chief EconomistMORNING REPORT (8am AEDT) US jobless claims rose by 2,000 to 393,000 in the last week. The 4-week moving average of claims which is a better gauge of labour market trends fell to the lowest levels since April. US consumer sentiment rose from 60.9 to 64.1 in November. The most improved aspect was that consumers anticipated healthier jobs growth.
From Stan Shamu, Markets Strategist, IG MarketsGlobal markets extended their losses overnight on deepening concerns about the European debt crisis, after a poorly-received German debt sale. Germany failed to find buyers for 35% of the bonds it offered at an auction. There was also a swathe of disappointing economic data, with European services and manufacturing output shrinking for a third month, US durable goods orders falling and unemployment claims topping forecasts.
Everyone has their own version of a Thanksgiving feast. For some it's Turkey and stuffed cheesy potatoes, others its sweet potato mash and fixings, a lot go for both.
China's think tanks are on it again. Long before the 20th century fiscal crisis happened, the country's brilliant economists and analysts had long prepared the Asian country to counter possible ill effects of a slowing down economy. Proof of that had shown China's continuing resilience compared to the Eurozone's impending financial crash.
Shares locally could not recover throughout the day and the daily chart for the market resembled the downward slope of a relatively large hill. The All Ordinaries index (XAO) was down by 0.16 pct at the start of trade only to extend its losses by market close to 1.9 pct or 78.4 pts to 4125.8.
A preliminary survey by HSBC into China's manufacturing activity indicated the sector posted a fall in output in November, and that it could be its sharpest since March 2009.
Afghanistan's much touted abundant mineral deposits and reserves, it seems, could pose more as a problem than a solution to address its long-standing political and economic woes.
Polar ice sheets have accelerated their retreat while global temperatures added up 1.4 degrees Fahrenheit since the onset of frenetic industrial activities, prompting scientists to suggest that time may be running out to arrest the ill-effects of climate change.
Australian miner Northern Minerals had announced the discovery of heavy rare earth elements (HREE) at all four prospects of its Browns Range Project in northern Western Australia. It said its Wolverine prospect yielded the most outstanding HREE discovery.
