Coffee drinkers seeking to reduce their consumption of the beverage may want to seriously ponder on that plan. Prices of coffee in the world market are expected to increase, spurred by droughts resulting from climate change.
Esther Tanquintic-Misa
Feb 27, 2014
The ASX 200 skidded lower at the open of trade plumbing a low of 5412 or a loss of 15 points. Whilst the market found some support in that region sellers were still keen to press their claims, meaning that the index showed little sign of recovering over the morning session
Vittorio Hernandez
Feb 27, 2014
It was another turbulent six months for Australian flag carrier Qantas which reported on Thursday a half-year loss of $252 million. The embattled airline also confirmed rumours that it would cut 5,000 jobs over the next three years.
Vittorio Hernandez
Feb 27, 2014
It was once again another choppy session for US equities, with early gains fading towards the end of the session. Geopolitical concerns also resurfaced on the Ukraine front, and this, along with some encouraging US economic data helped underpin the greenback. New home sales data came in much better than expected at 468,000 (+9.6%) versus an anticipated 406,000. AUD/USD extended its losses after having recovered significant ground following yesterday's sharp sell-off. The pair is back below 0....
Vittorio Hernandez
Feb 27, 2014
In US economic data, new home sales soared by 9.6% in January to a 5-1/2 year high of 468,000. Economists had tipped an annual rate of sales near 400,000. But the weekly mortgage market index fell by 8.5% to 348.5 in the latest week with refinancing down 11.4% and new purchases down 3.5%.
Vittorio Hernandez
Feb 27, 2014
Coffee and doughnut shop Tim Hortons is determined to win the coffee war in Canada and the U.S. by an aggressive expansion progamme it announced on Tuesday.
Vittorio Hernandez
Feb 27, 2014
Many Baby Boomers, people born between 1946 and 1964, are already contemplating the question of where to spend their retirement years as most of them approach the end of their careers.
Vittorio Hernandez
Feb 27, 2014
Local shares held on to modest gains by the close, with the All Ordinaries Index (XAO) rising by 3pts or a little less than 0.1 per cent. The energy sector surged, while the miners were the biggest drag on trade.
Vittorio Hernandez
Feb 26, 2014
Hedge fund manager J.C. Parets of Eagle Bay Capital compares Apple Inc. (AAPL) stock performance with BlackBerry Ltd (BBRY)
Athena Yenko
Feb 26, 2014
Officials from the U.S. Department of Energy continued to maintain the nuclear leak that came out from a nuclear waste plant in New Mexico poses no hazards to the health of nearby residents, even as levels of airborne radioactivity had been found to be "slightly elevated."
Esther Tanquintic-Misa
Feb 26, 2014
A few months ago, BlackBerry's board changed its mind and said the embattled Canadian company would no longer be sold. However, this week, BlackBerry CEO John Chen that for $19 billion, he would be willing to sell the company to any corporate giant. He made the statement during an interview with CNBC at the MWC, obviously referring to the amount that Facebook shelled out for WhatsApp.
Vittorio Hernandez
Feb 26, 2014
Water samples collected off the coast of Canada had revealed traces of radionuclides linked with the radiation leak at the crippled Japanese nuclear plant Fukushima.
Esther Tanquintic-Misa
Feb 26, 2014
The Australian sharemarket has been shooting the lights out in recent weeks; with the All Ordinaries Index (XAO) up 4.67 per cent since the start of February. This makes it the best month since July 2013. The XAO is largely flat at lunch.
Vittorio Hernandez
Feb 26, 2014
With the smog enveloping Beijing already on its sixth consecutive day, the World Health Organisation said the current levels of air pollution in China has reached a crisis.
Esther Tanquintic-Misa
Feb 26, 2014
Apple Inc (NASDAQ:AAPL) stocks continue to stay within the $490 and $550 range with analysts saying the company may not be doing so well since the last time it announced its earnings report. Several analysts have predicted that Apple shares will continue to move within a certain range. OCBC Investment Research analysts said that Apple Inc stocks could decline as low as $490 and will not go beyond $550 in for some time in the foreseeable future.
Reissa Su
Feb 26, 2014
Some interesting developments are starting to take place in China at the moment, as we witnessed its central currency tumble yesterday.
Vittorio Hernandez
Feb 26, 2014
In US economic data, the S&P/Case Shiller home price index rose by 0.8% in December to be up 13.4% on a year ago. The FHFA home price index was up by 7.7% on a year ago. Consumer confidence eased from 79.4 to 78.1, short of forecasts centred around 80.0. And the Richmond Fed composite index eased from +12 to minus 6 in February.
Vittorio Hernandez
Feb 26, 2014
After shaking up Apple's stocks, billionaire activist investor Carl Icahn has shifted his attention to eBay. He released on Tuesday an open shareholder letter to the popular ecommerce site, hitting its corporate governance and pushing that it separate from PayPal.
Vittorio Hernandez
Feb 26, 2014
The skyline of Melbourne's central business district will soon change with the addition of five residential towers with over 2,000 apartments worth $557 million.
Vittorio Hernandez
Feb 26, 2014
The Australian federal government would provide embattled flag carrier Qantas with a debt guarantee. It would be part of the Abbott government's plan to permit larger foreign ownership of Qantas to have access to international capital and compete with Virgin Australia.
Vittorio Hernandez
Feb 26, 2014
Despite hitting fresh five and a half year highs earlier today, the Australian sharemarket has fallen for the first time since 13th February this afternoon. The All Ordinaries Index (XAO) lost 0.2 per cent; however is still up by 4.5 per cent so far in February. This makes it the best month for local stocks since July 2013.
Vittorio Hernandez
Feb 25, 2014
The Australian share market is tracking higher for the eighth consecutive session, following a positive session on Wall Street and generally upbeat company forecasts.
Vittorio Hernandez
Feb 25, 2014
Rich Chinese affected by Canada’s dumping of its investor programme turn to Australia to invest
Athena Yenko
Feb 25, 2014
For the first time in 25 years, Pope Francis has led the overhauling of the Vatican's financial system. On Monday, he announced the creation of an economics secretariat to control all economic, administrative, personnel and procurement functions of the Holy See. Australian Cardinal George Pell will man the post and report directly to the pope.
Esther Tanquintic-Misa
Feb 25, 2014
Australians planning to travel anytime soon to the Philippines were reminded to take necessary precautions before proceeding to the Southeast Asian country. Western Australia has reported a growing number of measles cases from those who just recently came from the Philippines.
Esther Tanquintic-Misa
Feb 25, 2014
Overnight the S&P made a record intraday high and closed in the black (year-to-date) for the first time in 2014. It's a very rare thing to see the US markets underperforming the rest of the world, and this does provide market upside.
Vittorio Hernandez
Feb 25, 2014
In US economic data, the Markit ´´flash´´ services index fell from 56.7 to 52.7 in February. The Dallas Federal Reserve manufacturing business index eased from +3.8 to +0.3 in February. And the national activity index eased from minus 0.03 to minus 0.39 in January.
Vittorio Hernandez
Feb 25, 2014
Is the result of the 2014 Superbrands study an indicator of the continuous decline of the Apple brand? If the Cupertino-based tech giant's place on the roster is the basis, it would appear so, at least among the stiff upper-lipped Brits, because Apple tumbled down to14th place from 2nd. To make it worse, toilet paper maker Andrex is ranked higher than the manufacturer of the iconic iPhone and iPad at 12th place.
Vittorio Hernandez
Feb 25, 2014
Apple Inc. SSL/TLS Bug could be what U.S. intelligence agents were boasting about
Athena Yenko
Feb 24, 2014
It was always going to be a tall order for stocks to stay in positive territory today. US markets ended lower on Friday, albeit by a modest margin. Additionally there were several large stocks going ex-dividend, including Telstra (TLS), Woodside Petroleum (WPL), Suncorp (SUN) and Wesfarmers (WES). Given these influences the market acquitted itself reasonably well to finish largely unchanged on the session.
Vittorio Hernandez
Feb 24, 2014
