BUSINESS

More news

Australian Stock Market Report – Midday 1/15/14

Local stocks are managing to partly make up for yesterday's 1.5 per cent slump; the single worst day for Australian equities in four months. The All Ordinaries Index (XAO) is back above the 5250.0 market, following hitting four week low on Tuesday; now improving by 0.7 per cent.

Global Markets Overview – 1/15/14

The negative sentiment that has dogged markets finally came to a halt in US trade after December retail sales data came in better than expected. Earnings also got off to a fairly good start with gains for JP Morgan and Wells Fargo. This raised expectations heading into the Bank of America earnings, which carry significant weight given the bank's large retail offering and mortgage exposure. With tapering likely to roll on, investors really want to see data suggesting the US economy is in a muc...

Australian Stock Market Report – Morning 1/15/14

In US economic news, US retail sales rose by a modest 0.2% in December, marginally stronger than the 0.1% forecast. More importantly core sales (excluding autos, gasoline and building materials) rose by a healthy 0.7% in December. Clothing sales lifted by 1.8%, supported by the colder weather, while gasoline sales rose by 1.6% and auto sales fell by 1.8%.

Australian Stock Market Report – Afternoon 1/14/14

The Australian sharemarket recorded its biggest daily fall in four months, with the All Ordinaries slumping by 1.5 per cent and ending very close to a four week low. Local shares are down 2.5 per cent since the start of January; making it the worst start to a new year since 2010. Today's weakness was largely expected though, with the DOW index slumping by 1.1 per cent overnight. The falls were partly due to comments by a U.S. central bank official who said the Federal Reserve will continue to...

Australian Stock Market Report – Midday 1/14/14

Sellers have been mobilised from the outset in today's session and have encountered little resistance from buyers along the way in early trade. The fall on Wall Street overnight has been too difficult to look through for local investors. The US Fed will be undeterred in relation to tapering despite the weak reading for US jobs growth according to comments made by the President of the Atlanta Fed overnight.

Air New Zealand Wins Airline of the Year 2013 Award

Air New Zealand, one of the world's safest airlines, was hailed the Airline of the Year by AirlineRatings.com. The popular travel international site has chosen Air New Zealand for its strong financial performance, customer service, operational safety and in-flight innovations. The travel site praised New Zealand's carrier for its commitment to its fleet and environmental awareness. Air New Zealand earned the distinction of being the best premium economy class.

UK Launches Radioactive Drug Against Prostate Cancer

A radioactive drug against prostate cancer has been launched in the UK. Marketed as Xofigo, it contains polonium-210, the very same substance that killed Alexander Litvinenko, former KGB agent and Kremlin critic, in 2006 in London.

Global Markets Overview – 1/14/14

Having seen a 30% rise in the S&P in 2013, investors are starting to ask the question that strategists and analysts have been asking since October: has the optimism that drove 2013 translated into earnings?

Australian Stock Market Report – Morning 1/14/14

European shares climbed to a fresh 5½-year high on Monday, supported by a rally in banking stocks, after regulators agreed to soften new leverage ratios for banks. On Sunday global banking regulators said they would modify the way the new bank rule, which is meant to rein in risky balance sheets from 2018 is compiled. Deutsche Bank climbed 4.7%, Barclays added 2.9% and UBS rose 3.1%. The STOXX banking index rose 1.5% (up 6% so far this year). The FTSEurofirst 300 index rose by 0.3% with the UK F...

Australian Stock Market Report – Afternoon 1/13/14

The local market worsened its position from lunch through to the close of trade, with the All Ords Index sliding by a little over 0.3 per cent. At its worst, the index was down 0.41 per cent and edged higher by 0.09 per cent at its best.

CES 2014: Smart Locks Combine Smartphone and House Keys in One to Unlock Doors and Greet Residents [WATCH VIDEOS]

The 2014 Consumer Electronics Show (CES) has just ended last Friday, Jan. 10, 2014 in Las Vegas, Nevada, but a lot of people are still buzzing about it, especially the newest technologies that were introduced during the convention. One of the amazing and practical technologies unveiled in the CES 2014 are smart locks which combine smartphones and house keys into one gadget to allow consumers to not just use their smartphones to call or send and receive messages, but also to unlock their doors an...

Australian Stock Market Report – Midday 1/13/14

The Australian sharemarket is in the red for the sixth time in seven trading days following disappointing U.S. jobs growth. The All Ordinaries Index (XAO) is 0.1 per cent lower, with the mining sector the lone improver at lunch.

Australian Stock Market Report – Morning 1/13/14

In US economic news, non-farm payrolls lifted by just 74,000 in December, the smallest rise in three years. The unemployment rate fell from 7.0% to 6.7% - the lowest in over five years. US wholesale inventories rose by 0.5% after a revised 1.3% rise in October - suggesting that restocking would contribute to December quarter GDP.

Pages