BUSINESS

Qantas Job Axe Hits 26 Managers

A seven-page memo to Qantas staff that was leaked to media said that 26 managers will get the axe as part of the embattled air carrier's cost-cutting programme in a bid to save $2 billion over three years.

Australian Stock Market Report –Afternoon 3/27/14

Local stocks gained a little ground in afternoon trade and managed to finish off the day's lows, although still in the red. Following weakness on offshore markets overnight, the All Ordinaries Index (XAO) closed lower by 27.5 points or 0.5 per cent to 5359.7.
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Australian Stock Market Report – AFternoon 3/26/14

The Australian share market rose convincingly today, helped out by strong gains from our mining players and a positive offshore lead. The All Ordinaries Index (XAO) closed off the highs of the day, but managed to rise 36.2 points or 0.7 per cent by close to 5387.2.

Australian Stock Market Report – Midday 3/26/14

The Australian share market is performing strongly at lunchtime in the East, following a rebound on European and US share markets overnight. European markets rose on Tuesday, lifted by expectations of stimulus measures from the European Central Bank, while a rebound in biotech shares helped Wall Street.

New Zealand Guns for 'Breakthrough' European Union Free Trade Deal

New Zealand Prime Minister John Key has announced that the European Union has agreed to consider a free trade deal with New Zealand. Mr Key said that if the deal will push through, it would be a breakthrough for the country. Mr Key has discussed plans with the presidents of the European Council and the European Commission at the Nuclear Security Summit at Netherlands' The Hague. While attending the summit, Mr Key has been working to secure a free trade deal with EU countries since New Zealan...

Global Markets Overview - 3/26/14

The bets are growing that further stimulus measures across Europe and China will be introduced over the coming months, as both the ECB and the PBoC look to give confidence and economic growth a further nudge.

Australian Stock Market Report – Morning 3/26/14

In US economic data, the Conference Board consumer confidence measure lifted from 78.2 to 82.3 in March -a six-year high. Better weather and an improving labour market could lift confidence further. The S&P/Case-Shiller composite index of home prices in 20 metropolitan areas rose 0.8% in January. Prices rose 13.2% on a year ago. New home sales fell by 3.3% in February to an annual rate of 440,000 - the lowest level since September.

Australian Stock Market Report – Afternoon 3/25/14

The Australian share market closed in the red today, but managed to rally off earlier lows as mining stocks lifted into positive territory and as several companies lifted their earnings guidance.
Flappy Bird the game is loved and hated. Some find it stupidly simple and frustratingly difficult.PicArt-J

'Take a Break' When Playing Flappy Bird - Dong Nguyen

Flappy Bird Creator Dong Nguyen will be incorporating the message, "Please take a break," in the game. The game author has plans to return his hit game to the App Store, according to several consultations of the app developer with his fans.

Fruit Fly Scare in New Zealand Cost Taxpayers $1M

The campaign to establish if the male fruit fly that scared New Zealand in January was part of a breeding population has cost taxpayers a whopping $1 million.

Australian Stock Market Report – Midday 3/25/14

Sellers have dictated terms in early trade on the ASX on Tuesday. The unconvincing tone on Wall St in addition to underlying concerns about the state of Chinese growth have been enough to keep every ASX sector in the red.
A woman poses for a photo illustration with an iPhone as she plays Candy Crush in New York

Apple Inc (NASDAQ:AAPL) Stock Propelled by iPhone 6 Launch; iPhone 5S, iPhone 5C Among Top 3 U.S. Smartphones

Apple Inc shares are expected to get a boost from the release of the new iPhone anticipated to have a bigger screen. According to the latest edition of Barron's, Apple stock could increase by 20 per cent in 2015. The iPhone 6 is rumoured to be launched in the summer or fall. Since the iPhone 5S hit the market last September 2013, Apple's flagship product still continues to enjoy solid sales despite several critics saying the iPhone 5S lacks innovation. The premium iPhone is in stores for ...

Global Markets Overview – 3/25/14

The worst HSBC PMI print in eight months now sees growth estimates in the world's second largest economy possibly below 7%, and therefore well below the official estimates of 7.5%.

Australian Stock Market Report – Morning 3/25/14

In US economic data, the ´´flash´´ purchasing managers index fell from a 4-year high of 57.1 to 55.5 in March, below forecasts for a result near 56.5. The national activity index rose from -0.39 to +0.14 in February. The composite Euro zone purchasing managers index eased from 53.3 to 53.2 in March, but the French index rose from 47.9 to 51.6. The Chinese manufacturing gauge fell from 48.5 to 48.1 in March.

Australia’s Greenland Minerals Enter MOU with China Firm, Shares Up

Australian rare earths miner Greenland Minerals and Energy Limited announced on Monday it has entered into a memorandum of understanding with China Non‐Ferrous Metal Industry to push the development of the Kvanefjeld Project in Greenland.

Australian Stock Market Report – Midday 3/24/14

The ASX 200 has spent the early part of the session in the red on Monday. Sellers pushed the index down by as much as 37 point in early trade before the market found some traction.

Global Markets Overview – 3/24/14

Friday night saw the US snap its run of flat to negative weeks, with the S&P registering its best week in four.

Australian Stock Market Report – Morning 3/24/14

In US economic data, the weekly Economic Cycle Research Institute index eased from 133.8 to 132.9 but was up 2.3% over the year compared with a 2.1% annual gain in the previous week.

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