BUSINESS

No End In Sight For Debt Ceiling

By Kathleen Brooks, Research Director UK EMEA, FOREX.comRumours that the US Congress would reach a deal to extend the debt ceiling, albeit only for a few weeks, ended up being hopeless optimism, after the Republicans held a press conference with the hash tag #letstalk in the background.

New South Wales Supermarket Explosion

An explosion rocked a two-storey building on Station Street in Wentworthville, New South Wales (NSW), Australia at around 4:30am on October 8, 2013. The building reportedly contained residential units on top of an Afghan supermarket.
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JAL – Airbus Deal to be One of the Biggest Aircraft Deal

For the first time ever, Japan Air line placed a deal with Airbus. Airbus, Giant Aircraft maker has too agreed with the deal for 31 long-haul A350 jetliners having a price of $9.75 billion. The agreement on Monday predicts that the deliveries will start in 2019 and new planes will be rolled over six years.

Samsung Predicts Profits of $9.3Billion for Q3

Samsung Electronics Co., the top smart phone maker, came in to existence in 1938. It tried its hand in diversified branches such as construction, textiles, insurance, securities and retail.

Toyota Corolla: Australia's Most Preferred Car

Toyota Corolla automobiles are selling like hot cakes in Australia. This car brand could propel the company to the coveted position of the best-selling car in the country, an accomplishment enjoyed by Toyota for almost a decade now.

Australian Stock Market Report – Midday 10/8/13

Australian stocks remain in the red for a third consecutive trading session, after Wall Street closed lower overnight on budget concerns. The US government shutdown has now entered its seventh trading day, or second week, and is starting to rattle investor sentiment. The Bank of America added to investor worries over the weekend by downgrading its fourth quarter US GDP (economic growth) forecast from 2.5 per cent to 2 per cent.

Pollution, Smog Mar China Week-long Holiday

What could have been a peaceful and relaxing week-long holiday for residents turned otherwise when northern China was again surrounded by fog and pollution on Sunday. The situation was so extreme that authorities had to suspend air flight operations as well as closed at least six expressways.

More Financial Woes for BlackBerry As Shareholder Files Class Action Lawsuit

More woes continue to hound the Waterloo, Ontario-based BlackBerry after a shareholder filed over the weekend a class action lawsuit against the troubled tech firm and two executives. The shareholder charged them with inflating the stock price by providing misleading financial information of prospects of the firm's BlackBerry 10 smartphone line.

Would You Buy HTC & Other Android Phones with Windows OS?

Reports said that Microsoft Operating Systems Chief Terry Myerson asked HTC in September the possibility of adding the option, with possibly an offer or cutting or removing the patent licensing fees that HTC pays Microsoft for every Android phone it sells.

Petronas Invests $36B in an LNG Plant, Pipelines in Canada

Petronas, the state-owned oil and gas company in Malaysia, said on Monday that it will invest $36 billion in Canada. The announcement came at the same time that Canadian Prime Minister Stephen Harper was attending in Bali, Indonesia a gathering of Asian leaders.

Uranium Ticks Up

By Greg PeelActivity in spot uranium remains limited while term market interest is building. The uranium term market is what we might call the "real" market, featuring global nuclear utilities arranging delivery contracts over periods of time on the buy-side and actual producers of uranium on the se...

The Overnight Report: A Game Of Chicken

By Greg PeelThe Dow fell 136 points or 0.9% while the S&P lost 0.9% to 1676 and the Nasdaq fell 0.8%.Last week House Speaker John Boehner indicated he would not prevent a debt ceiling increase but that he would be looking for spending concessions from the Democrat Administration.

iPhone 5C Now Only $45 in Walmart

Apple's newly released iPhone5C is living up to the C in its name for cheap at least in Walmart. The world's largest supermarket just dropped the price of the 5C to only $45 with a two-year contract.

The Monday Report

By Greg PeelAre cracks appearing in the Republican resolve?The Republicans have been stoic in their determination to date to undermine Obamacare, but have perhaps been surprised at just how stubborn the president has been on the other side.

Australian Stock Market Report – Afternoon 10/4/13

The impasse over US budget talks continues in the U.S. Democrats and Republicans appear no closer to a budget deal on the third day of the federal government shutdown. Up to 800,000 federal workers have been sent home without pay. As a result the Aussie dollar traded at its highest level in a week on Friday on the back of a weakening US dollar.

Australian Stock Market Report – Midday 10/4/13

The Australian stock market has seen selling from the outset, in line with most global stock indices in the last day. Investors continue to give US politician the benefit of the doubt, expecting a timely resolution to the budget impasse. However, if there are no meaningful signs of progress over the weekend market sentiment will likely shift next week. Funding the government's activities is a sideshow compared to the extension debt ceiling. If US lawmakers fail on this count, a debt default w...

Your Editor On Twitter

By Rudi Filapek-Vandyck, Editor FNArenaI joined Twitter. Not because I am curious what this celebrity has to say about her kids, or to read that another one is waiting for a connecting flight, impatiently.

What Makes Australian Property a Smart Investment?

Australia remains one of the most sought-after countries on international property portal TheMoveChannel.com. Sydney, Perth and Melbourne are all high on the wish list of Down Under destinations. But what makes Australian real estate a smart investment?

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