BUSINESS

Australian Stock Market Report – Midday 11/5/13

The Australian share market is reporting solid gains at lunchtime in the East, ahead of this afternoon's interest rate decision where the Reserve Bank of Australia is expected to leave the official cash rate on hold at 2.5 per cent.
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Australian Stock Market Report – Morning 11/5/13

In US economic news, factory orders rose by 1.7pct in September, in line with forecasts. Durable goods orders were revised to show a 3.8pct increase in September or a decline of 1.3pct if defence orders and aircraft are excluded.

BlackBerry Puts Off Sale and Removes CEO Thorsten Heins

Troubled Canadian phonemaker BlackBerry would no longer sell the company. Instead it will raise $1 billion in fresh financing and at the same time replaced Chief Executive Thorsten Heins, BlackBerry announced on Monday.

Australian Stock Market Report – Afternoon 11/4/13

Despite a positive start, the Australian share market ended the trading day on the red, dragged down by a fall in Westpac's (WBC) share price and weakness from the energy and industrial sectors. The All Ordinaries Index (XAO) finished the day's trade at 5384pts, down 22.3pts or 0.4 per cent.

Australian Stock Market Report – Midday 11/4/13

The Australian sharemarket is modestly higher for the first time in three trading sessions. The All Ordinaries Index (XAO) is 4pts or 0.1 per cent firmer at lunch. Weakness from the energy, consumer staple, healthcare and telco sectors is holding back the gains, while the miners and financials are both supportive.

US Treasury Says Germany Is Hurting World Economy

Germany's persistently high trade surplus and export-led growth model is preventing the eurozone from recovering quickly, harming the wider global economy in the process, said a U.S. Treasury report on Wednesday.

Beijing’s Divorce Rate Soar By 41% As Couples Exploit Tax Loophole

Nearly 40,000 Chinese couples living in Bejing have filed for during the first nine months of this year, according to the China Daily on Tuesday, a year-on-year increase of close to 41 percent - with experts speculating that couples had been deliberately avoiding a property tax imposed earlier this year.

US Budget Deficit Drops By 37 Percent, Lowest In Five Years

The U.S. government saw a budget deficit of $680.3 billion for fiscal year 2013, showed Treasury Department data on Wednesday, a 37 percent drop from the fiscal 2012 deficit and marking the first time in five years that the figure has been below $1 trillion.

Retail Giants Join Forces on Sustainable Apparel

Retail Giants are now determined to embrace the environment. Levi's has come out with designer jeans manufactured out of used plastic bottles. Nike has unveiled knitted sneakers that reduce manufacturing waste by 88 percent.

Australian Corporate Bond Price Tables

PDF file attached.Corporate bonds offer an alternative to equity investment in providing a fixed "coupon", or interest payment, unlike equities which pay (or not) non-fixed dividend payments, and a maturity date, unlike equities which are open-ended.

Global Markets Overview – 11/4/13

The US dollar continues to enjoy a steady recovery with some positive readings on Friday helping it extend its gains. Driving the greenback was a strong ISM report (56.4 versus 55 expected) which saw the US dollar index rise to 80.72. Tapering is the main topic at the moment and every time we receive positive economic readings, expectations of tapering by the end of the year gain momentum. Fed speakers were also a key theme in Friday's trade; with one of the well documented doves, James Bulla...

Australian Stock Market Report – Morning 11/4/13

In US economic news, the ISM manufacturing gauge rose from 56.2 to 2½-year high of 56.4 in October, ahead of forecasts for a result near 55.0. But vehicle sales rose from 15.21 million to 15.23m in October, short of forecasts near 15.4m due to weaker truck sales.

A Trader's Wrap

By Chris Weston, IG MarketsMarkets opened on a modestly positive footing, with US futures opening an hour later for Asia-based traders and heading a touch higher.

Heart-Tugging Wedding Scenes in Nexus 5’s New Commercial

The much-awaited Google Nexus 5 smartphone has finally arrived, offering the purest Android experience, while granting its owners access to the latest Android 4.4 KitKat OS. Since owners get updates directly from Google, they don't need to wait for hardware OEMs or carriers to release customised updates.

A Peek at Google’s £1B Upcoming 1-Million-Square-Foot Office in London

Office spaces have never looked this enticing, especially for workers at Google, Apple and Facebook which are building massive campuses designed to provide not only a place to work but also a place to live for thousands of their employees. Mashable provides A Peek at Google's £1B Upcoming 1-Million-Square-Foot Office in London. The upcoming London office of the tech giant is scheduled to open in 2016. The Web site said it will feature an open-air swimming pool, indoor football pitch, climbing...

Australian Stock Market Report – Afternoon 11/1/13

The Australian sharemarket fell for the third time this week, with the All Ordinaries Index (XAO) down by 0.3 per cent. Thanks to a 1 per cent rise on Monday however, the market still ended modestly higher this week. This is the 17th week in 19 that Australian shares finished in the black.

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