The Abbott government is paying $4.3 million for media positioning analysis.
The pride biscuit of Australia is celebrating its 50 years now
With limited major macro news this week and after having seen the US and Australia releasing most of their respective January data in the past two weeks, the Asian and European earnings seasons will be the main driver of trade.
In US economic data, industrial production fell by 0.3% in January, short of forecasts for a 0.3% gain, but a result blamed on the severe winter weather. Import prices rose 0.1% in January and export prices rose by 0.2%. Consumer sentiment was unchanged at 81.2 in February.
Gold continued to lose its shine in 2013, with the top 3 miners registering a combined loss of $16 billion. The loss of Barrick Gold, Goldcorp and Kinross Gold Corp are due to lower price of the once-safe haven and the drop in value of bullion and mining shareprices.
While the federal Australian government is willing to help financially challenged national carrier Qantas, it wouldn't be in the form of a cash handout.
The new Apple TV, one of Apple Inc’s most anticipated products in 2014, may be closer to reality as the Wall Street Journal supported an earlier report by Bloomberg. The latter said the new Apple TV may be in the middle of negotiations for content, citing Time Warner Cable as one of the possible providers for content services.
Local stocks have ended the week with an emphatic improvement .The ASX 200 ended the session at the best levels of the day. Participation from investors remained at healthy levels with close to $5 billion in shares exchanged. In a week that has been replete with economic news from the world's economically important regions, in addition to a landslide of company results locally, the ASX 200 has risen by 3.5%. Every sector finished the session with solid gains led by the healthcare and consumer...
Apple Inc (NASDAQ AAPL) is rallying at $750 says analysts from the Oxen Group
The Australian sharemarket is up by 0.9 per cent at lunch, taking the gains since mid-last week to 5.4 per cent. All sectors are in the black, with the mining industry once again outperforming.
Australia's once-booming car manufacturing industry is now dead with the final blow delivered by Japanese car maker Toyota when it announced it will pull out of the country in 2017. In May 2013, Ford Motors said it would stop manufacturing cars in Australia. In December, Holden by General Motors followed suit. Toyota has sealed the fate of Australia's car industry by closing its assembly plants by the end of 2017. The last announcement has triggered fears of recession in Australia.
A recent household upload index has shown that Canada ranks only as a mere slow-moving 54th among the nations as far as Internet upload speeds is concerned. The country was listed just below Kenya and just above Mexico.
Equities in the US managed to extend their gains despite some disappointing economic data. Retail sales, unemployment claims and business inventories all missed consensus estimates, while Janet Yellen's Senate testimony was postponed due to weather-related issues. Despite all these negative prints, momentum still picked up with Comcast's TWC buyout helping sentiment along. Perhaps some are hoping the disappointing data could result in the Fed diverting/pausing its current tapering path, bu...
US retail sales fell by a surprising 0.4% in January after a 0.1% fall in December. Core sales (excluding automobiles, gasoline, building materials, and food services) fell 0.3%. US initial jobless claims rose by 8,000 to 339,000 last week. US business inventories rose by 0.5% in December after rising by 0.4% in November. Analysts believe that the current level of inventory is unsustainable and it is likely that businesses will ease production to work through current stocks over the March quarte...
Valentine's Day is almost here! In case you don't have any Valentine's Day gift for your loved one yet, why not get him or her some chocolates? It's better than flowers because it's edible and yummy. Plus, it's more affordable than jewelry. And, it's so much easier to buy anywhere because it is available in a lot of stores, whether brick and mortar stores or online shops. The only challenge in getting chocolates as gifts for Valentine's Day is picking the best one. Due to...
Apple's decision to repurchase its stock worth $14 billion did not only get Carl Icahn, a billionaire activist investor, to drop his buyback proposal. It also indicated the company's confidence in hinting the launch of its new product categories.
The Australian share market snapped a healthy five day winning streak today, to close marginally lower on the back of a disappointing jobs report.
An Apple designer disses his dream job of working with Apple
International Data Corporation (IDC) reports that Apple iOS had underperformed in the overall market as compared to Android
The ASX 200 has spent the morning consolidating having risen for 5 consecutive sessions. The absence of catalysts from US and European markets last night a flurry of local companies reporting results meant that the index kept to a narrow trading range for most of the morning.
Air Canada's shares hit turbulence on Wednesday after the company announced an unfavorable fourth quarter 2013 results blaming the weak Canadian dollar and severe weather patterns.
Mexico's Grupo Bimbo SAB has acquired Canada Bread Company Limited for C$1.83 billion ($1.65 billion), the North American company announced on Wednesday.
Choppy US trade has preceded a day of very interesting Chinese data, and the call for an 'orderly' unwind of monetary stimulus from the Fed overnight, suggests the market is in for a bit of a pause over the next two days.
The US Federal Government ran a $10.4 billion budget deficit in January, against expectations of $27.5 billion deficit.
Because of a new federal law in 2013 that banned the sale of alcoholic drinks inside sports stadium and arenas, plus a local ordinance approved in January 2014 that also prohibited sale of alcohol within 50 metres of sports venues, the Sochi Olympics is considered the driest winter games in Olympic history.
The NZX 50 Index added 21.089 points on Wednesday, equivalent to 0.4 per cent, bringing it to 4869.972. The rise in New Zealand stocks came after the SkyCity Entertainment Group met guidance for its first-half earnings despite the strong kiwi dollar.
Higher demand from Chinese buyers led to a record-high importation by China of cooper and iron ore from major sources such as Australia and Chile. Bloomberg reports that besides using these commodities for construction, it also serves as collateral to secure credit.
Apple Inc's investors may have overlooked something that might ease their doubts regarding the company's future growth. Asymco's Horace Dediu stacked and compared revenue categories of Google's core business and Apple's iTunes division.
The Australian share market made it five wins in a row today, closing at its highest level since mid -January on the back of positive gains on Wall Street, positive Chinese economic data and solid earnings results.
New Zealand is expected to have a bigger growth rate in 2014 as Westpac bank raises its growth forecast to 4.2 per cent from the previous rate of 3.8 per cent. The bank revised its predictions following New Zealand's strong trade performance. In Westpac's recent economic review, the bank expects the Kiwi dollar to trade above $80 U.S. cents against the U.S. dollar and over 90 cents against the Australian dollar all the way to 2015.
