Investors are piling in as the University of Melbourne and the University of Sydney joins the capital markets.
Athena Yenko
Jun 25, 2014
US equities unwound despite some mostly positive economic releases, as geopolitical risk came back into play. The conference board's consumer confidence and new home sales both came in well ahead of estimates, but this wasn't enough to lift sentiment. Fed members were also quite vocal with Dudley saying a mid-2015 rate hike seemed reasonable, while Plosser suggested the Fed is closer to meeting its twin objectives. Risk assets lost some ground, while the yen and gold were bid higher in a f...
Vittorio Hernandez
Jun 25, 2014
In US economic data, new home sales soared by 18.6% in May to a 504,000 annual rate, above forecasts for a result near 440,000. Consumer confidence rose from 83.0 to a 6-1/2 year high of 85.2 in June, above forecasts near 83.5. The Case Shiller measure of home prices rose by 0.2% in April with the annual rate easing from 12.4% to 10.8%. But the Richmond Federal Reserve index eased from +7 to +3 in June.
Vittorio Hernandez
Jun 25, 2014
A 1-minute, 50-second commercial released by fastfood giant McDonald's for the ongoing World Cup 2014 in Brazil has gone viral, logging more than 4.6 million hits in YouTube after one month it was posted.
Vittorio Hernandez
Jun 25, 2014
Bianca Rinehart, he eldest daughter of Australia's richest person, Gina Rinehart, insisted to the court on Tuesday that younger half-sister Hope Welker is on her side in their family's legal battle for control of the $5 billion trust.
Vittorio Hernandez
Jun 25, 2014
The Australian sharemarket erased around half of Monday's improvements, dragged lower by US weakness. The All Ordinaries Index (XAO) finished 0.3 per cent softer, with the major banks the worst performers. Improvements amongst the industrials and property trusts were short lived today and all sectors ended in the red.
Vittorio Hernandez
Jun 24, 2014
Google Inc may be paying more taxes in New Zealand with a bill of $227,074 in 2013. However, according to reports, the Internet search giant has earned US$15.42 billion in global revenues in the first quarter of 2014. Comparing Google's tax bill in New Zealand and its total earnings, the amount the company paid to the government may be deemed not enough.
Reissa Su
Jun 24, 2014
U2 frontman Bono said that Apple Inc. is F@*#ing annoying
Athena Yenko
Jun 24, 2014
Arden Partners, in its latest analysis and forecast of London-based firm Audioboom Group PLC (LSE: BOOM.L), made a "buy" recommendation for the stock.
Vittorio Hernandez
Jun 24, 2014
The warring Rineharts - Australia's richest family - are at it again as the clan returned on Tuesday, June 24, to court in an attempt to find a trustee for the $5 billion family trust.
Vittorio Hernandez
Jun 24, 2014
A heart-stopping viral video has shown a daredevil rally car driver attempting to break the world record for longest car jump but did not go as planned.
Ma Evelyn Castino Quilas
Jun 24, 2014
The Australian sharemarket is losing ground at lunch, with U.S. market weakness providing a negative lead for local shares. The All Ordinaries Index (XAO) is down 0.4 per cent, with all sectors in the red. On Monday, the Australian market rose by 0.4 per cent thanks to better than expected economic news in China.
Vittorio Hernandez
Jun 24, 2014
The major development from overnight trade was news that Iraq's army enjoyed a minor victory after recapturing some territory from militants. This resulted in a sharp decline in oil prices, particularly Brent crude which is more sensitive to geopolitical issues. The drop in oil along with some encouraging US economic data in the form of flash manufacturing PMI and existing home sales helped US markets come off their lows and finish the session relatively flat. However, it was a different stor...
Vittorio Hernandez
Jun 24, 2014
In US economic data, the Markit ´´flash´´ manufacturing purchasing manager's index rose from 56.4 to 57.5 in June, above forecasts near 56.5. Existing home sales rose by 4.9% to a 4.89 million annual rate in May, above forecasts of 4.73m. And the national activity index rose from minus 0.15 points to +0.21 points in May.
Vittorio Hernandez
Jun 24, 2014
It was a solid start to the trading week, the All Ordinaries Index (XAO) adding just over 31 points by the close of 0.6 per cent to 5432.7 points after China factory data came in above expectations.
Vittorio Hernandez
Jun 23, 2014
Lego Group launches Lego Fusion that allows Lego fans to transform their physical Lego creations to the virtual world
Athena Yenko
Jun 23, 2014
World Cup fans can watch their favourite SBS content in single screen with the HbbTV beta launch
Athena Yenko
Jun 23, 2014
Two weeks ago, Beaufort Securities started its coverage on the shares of Audioboom Group PLC (BOOM.L) and issued a speculative buy rating for the company's stock.
Vittorio Hernandez
Jun 23, 2014
Apple Inc. iWatch is reportedly ready for launch anytime soon but is being delayed due to a certification from the US Food and Drug Administration
Athena Yenko
Jun 23, 2014
The Australian sharemarket is kicking off the new week a little firmer, thanks to another record close in U.S. markets on Friday and some better than expected Chinese economic news this morning. The All Ordinaries Index (XAO) is up 0.9 per cent, with all sectors in the black at lunch.
Vittorio Hernandez
Jun 23, 2014
Google's Loon project continues testing in New Zealand as balloons resembling jellyfishes float over skies to beam Wi-Fi. Last week, a balloon fell off the coast of New Zealand's South Island and terrified a bystander who called emergency services thinking it was a plane crash.
Reissa Su
Jun 23, 2014
Risk currencies got off to a bit of a negative start this morning, despite a lack of fresh sentiment drivers for the region. Perhaps some reports suggesting escalating Iraq tension have seen risk modestly offered this morning. This is despite US equities finishing the week on a modestly positive note in a fairly quiet session. The only notable news out of the weekend were comments by ECB President Mario Draghi suggesting the ECB has prolonged banks' access to unlimited liquidity up to the end...
Vittorio Hernandez
Jun 23, 2014
In US economic data, the Economic Cycle Research Institute index was up by 4.4% on a year earlier in the latest week, down from 4.5% in the previous week.
Vittorio Hernandez
Jun 23, 2014
The ouster of former American Apparel Dov Charney is far from over. Charney hired a lawyer to battle his removal from the company he established in 1998 and grew.
Vittorio Hernandez
Jun 23, 2014
The losses accelerated for the Australian sharemarket, with the All Ordinaries Index (XAO) slumping by 0.82 per cent. Despite today's weakness local shares still managed to rise by 0.3 per cent this week thanks to a 1.5 per cent surge on Thursday.
Vittorio Hernandez
Jun 20, 2014
The ongoing construction work in quake-damaged Christchurch has boosted New Zealand's economy growth to its fastest rate in six years.
Reissa Su
Jun 20, 2014
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.
Esther Tanquintic-Misa
Jun 20, 2014
It has been said that print media's survival is at risk because of new media. More people have stopped buying the traditional newspaper and instead shifted to the Internet or television and radio for news.
Vittorio Hernandez
Jun 20, 2014
Almost 3 million Australians are downloading from Pirate Bay and Kickass Torrent
Athena Yenko
Jun 20, 2014
Japan is set to deploy into outer space two satellites that will specifically monitor the environmental damages made around the crippled Fukushima and Chernobyl nuclear power plants. The lift off will occur from a Russian space centre in the Ural region.
Esther Tanquintic-Misa
Jun 20, 2014
