After the US markets sold off again overnight it was good to see the Aussie market holding up well at the start of trade.
New Zealand's population has now officially reached 4.5 million.
Canada's government-owned postal agency on Wednesday announced the looming closure of its door-to-door home delivery over the next five years. But the country's senior citizens and disabled aren't happy about it.
Toyota, allegedly, is using Holden's closure to compel workers to accept poorer work conditions.
While the progress in the US budget negotiations is certainly a positive for sentiment, it seems the short-term reaction is some selling in equities on fears this strengthens the case for a rapid winding back in asset purchases. Data flow was limited with the Federal budget balance being the main release on the calendar and managed to come in ahead of estimates. With the US fiscal situation continuing to strengthen, many analysts feel some potential headwinds for the US economy are swiftly being...
In US economic news, mortgage applications rose by 1.0% in the latest week with the purchase market up 0.9% and the refinance index up 2.1%.
It would be a bleak Christmas 2013 for over 500 workers of Kellogg's in London, Ontario, Canada, who were informed on Tuesday morning that the plant would soon close and they would lose their jobs.
General Motors announced on Tuesday that it will close its Holden manufacturing facility in Australia in 2017. In the process, 2,900 jobs will be lost.
By Greg PeelThe Dow fell 129 points or 0.8% while the S&P dropped 1.1% to 1782 and the Nasdaq lost 1.3%.
Air Canada offered a non-stop flight from Sydney to Toronto on a daily basis and the Cape Breton business community loves it.
The Australian share market has closed in the red for a fifth consecutive session, dragged down by a downbeat lead from Wall Street and as a reading of consumer confidence in Australia fell to its lowest level since July.
The Smarty Ring Bluetooth-enabled wearable gadget for easy smartphone alert checks and incoming call management is finally here! Move over, Samsung Galaxy Gear watch, Pebble Watch and Sony SmartWatch, here comes the latest wearable gadget designed to work in sync with one's smartphone. It is much sleeker, fashionable and easier to wear than the smart watches out there today. It can be worn even if you are dressed casually or dressed to the nines.
The selloff that started in earnest in the early part of November has neutralised the October rally. It's back to square one in some respects. The area around 5150 has taken on new significance as a result. The way prices behave around these levels will reveal valuable insights into market sentiment. At this point it appears as though sellers remain in the ascendant notwithstanding the 300 point retracement that has been a feature of recent weeks.
Air New Zealand has announced it is on target to experience a 20 per cent jump in profits in the six months ending December 31.
- Woodside production guidance lacking- Low capex a positive- Leviathan still an unknown- Cash flow remains solidBy Greg PeelWoodside Petroleum ((WPL)) held its annual investor update yesterday.
Qantas staff will start wearing the controversial uniform modeled by Miranda Kerr starting Thursday, Dec 12.
The last analogue television (TV) transmitter in Australia has officially been switched off at 9 am on Tuesday, Dec. 10, 2013 in Melbourne, Victoria as well as other communities in eastern and central Australia. It has reportedly been used in Australia for 57 years. What this means is that all the free-to-air TV in Australia will now be available only on digital TV. Their analogue TV can still be used if a digital set-top box is used along with it.
By Tim Price, PFP Wealth ManagementThe Emotional Investor"To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information.
Prime Minsiter Tony Abbott is reportedly replacing Holden cars with BMW bomb-free cars
Ninja Blocks, a Sydney start-up company that was founded by Marcus Schappi with co-founders wife Madeleine and Mark Wotton in January 2012, has amazing gadgets called the Ninja Block and the Ninja Sphere, which are essentially "remote controls" for the home. The company has attracted funding of up to $1 million from companies such as Atlassian Software founders Scott Farquhar and Mike Cannon-Brookes.
The Fed dominated headlines yesterday, with Jaime Bullard and Richard Fisher talking about the prospect of monetary policy unwinding; both agree it is likely to occur in the coming year, however their methods differ slightly.
In US economic news, weekly chain store sales were up by 2.6% in the latest week on a year ago according to Redbook, down from 4.9% in the previous week. And wholesale sales rose 1.0% in October with inventories up 1.4%.
By Greg PeelThe Dow fell 52 points or 0.3% while the S&P lost 0.3% to 1802 and the Nasdaq was steady.Following on from Monday's heavy volume, portfolio-driven slump on Bridge Street, yesterday began well and provided all the hallmarks of buyers returning after standing back the day before.
Despite the extreme popularity of King's Candy Crush Sage, the game was crushed on Monday by Pretty Simple's Criminal Case which was picked by Facebook as the game of 2013.
While the average Australian works longer based on a higher retirement age, they still are ignoring the government request to retire at age 67. However, data from the Bureau of Statistics released on Monday found that the average retirement age is 58.5 for male workers and 50 for females.
A commercial from Australian manufacturer Four Seasons Condoms has been banned to air on the small screen for being too sexy. The controversial ad, which shows a young couple testing out condom sizes inside a pharmacy by engaging in various sexual positions, was deemed inappropriate for television.
The Australian share market ran out of steam in afternoon trade, as investors elected to pull back their positions ahead of Chinese data due out after the bell. Despite rallying in early trade, the All Ordinaries Index (XAO) finished the session down 2.2 points to 5146.2.
Microsoft Non-Security Updates will be released on Patch Tuesday, Dec. 10, 2013 at 1PM Eastern Time. A brief description of the 16 main updates can be found on Microsoft's Support Page, including updates on Windows 7, 8, 8.1 and Windows Servers.
Here is good news for all the fans of HBO’s fantasy drama show “Game of Thrones.” Have you ever dreamt of playing as your favorite character from “Games of Thrones” universe? Your dreams will now be manifested into reality. Along with the New Year, comes a chance to play “Game of Thrones” videogame. Telltale Games, a digital publisher and maker of “The Walking Dead” game has announced the release of the video game in 2014.
Forced to choose between the lesser evil, Australia's national air carrier Qantas announced it will slash 1,000 jobs to rein in costs as it works to keep operations afloat.
