BUSINESS

Indonesia Hit by 6.3 Magnitude Earthquake, No Tsunami Warning Issued

Indonesia has been hit by a powerful 6.3-magnitude earthquake on Tuesday, according to the U.S. Geological Survey. No immediate reports of fatalities and damages have so far been reported on the temblor that struck off eastern Indonesia. The Indonesian Meteorology and Geophysics Agency ruled out any potential tsunami occurrence.
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What is Holding Up The US Dollar?

The relative strength of the US dollar is one of the great mysteries of the financial world. It has defied predictions of collapse for years, despite copping severe abuse from its managers, the US Treasury and their henchman at the Federal Reserve.

Global Markets Overview – 11/20/13

The global pullback looks to be starting; European markets are moving back from five year highs, the S&P continues to shift away from its intraday all-time high as the DOW continues to shift sideways.

Australian Stock Market Report – Morning 11/20/13

The OECD cut its global growth forecasts for this year and next as emerging-market economies including India and Brazil cool. The world economy was expected to expand by 2.7pct this year and 3.6pct next year, instead of the 3.1pct and 4pct predicted in May. Australian economy growth was expected at a sub-trend pace of 2.5pct and 2.6pct in 2013 and 2014 respectively.

Appeals Court Rejects Outright Blocking of Samsung Phones in U.S.

Samsung scored yet another court victory against competitor Apple when a U.S. federal appeals court upheld on Monday the decision of the U.S. District Court for the Northern District of California denying Apple's request to ban sale of Samsung phones in the U.S.

Uranium Ticks Higher

By Greg PeelAustralia's leading pure-play uranium miner, Paladin Energy ((PDN)), has been undertaking an extensive cost-cutting program.

Global Markets Overview – 11/19/13

It was a very interesting trading session in the US, with the S&P and the Dow jumping over key psychological marks of 1800 and 16,000 points respectively (both record highs).

Australian Stock Market Report – Morning 11/19/13

In US economic news, the NAHB housing market index held steady at 54 in November, down a little off its recent September quarter peak, but clearly still indicative of a increasingly strong housing market. Net long-term TIC flows returned to positive inflow in September of $25.49b. There was a net inflow of $27.8b. into treasury securities

A Global War on Savers

So Janet Yellen's first hearing took place overnight. It was fairly boring. She's expected to sail through and become the next Chairperson of theUS Federal Reserve. Given that the last few years of extraordinary monetary policy have achieved a miserable recovery, what's she going to do differently?

Australian Stock Market Report – Afternoon 11/18/13

Despite improving gradually as the day wore on, the All Ordinaries Index (XAO) still finished 0.3 per cent lower by market close. At its worst, the XAO was down by 0.78 per cent (at around 10.30am AEDT). All sectors eased, with the financials and energy stocks amongst the biggest drags.

Ian Somerhalder of 'Vampire Diaries' Encourages People to Use Goodshop To-Go to Support ISF [VIDEOS]

Ian Somerhalder of the CW TV series “Vampire Diaries” is encouraging people to use Goodshop To-Go to support his foundation, The Ian Somerhalder Foundation (ISF). Goodshop To-Go is a Web site that reportedly allows online shoppers to earn up to 20% of each of their purchases for their chosen cause or charity. Plus, it gives more than 100,000 coupons for users which enables them to not only save some money but also to donate with every purchase. What’s great is that this service is free!

Global Markets Overview – 11/18/13

After releasing a vague and slightly disappointing communique last week, the end of the Third Plenum has seen the release of a 60 point plan that will see the largest sweeping reforms in China in over three decades.

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