The Australian sharemarket is improving for the first time this week, boosted by much better than expected employment numbers. The All Ordinaries Index (XAO) is up by 0.7 per cent.. Mining stocks are the best improvers following a tough start to the week due to concerns relating to China's economy and credit issues. The results of the monthly employment report locally and a handful of economic information from our largest trading partner, China are the two highlights today. China buys around ...
Vittorio Hernandez
Mar 13, 2014
US equities managed to pare losses despite a lack of fresh catalysts to really drive sentiment either way. There was a continuation of similar themes from earlier in the week, with Ukraine uncertainty keeping investors at bay in Europe, while China concerns saw commodities remain subdued. A 0.2% decline in Europe's industrial production which was expected up 0.6% also weighed on commodities. However, copper managed to arrest its slide from yesterday.
Vittorio Hernandez
Mar 13, 2014
In US economic data, the weekly mortgage market index fell by 2.1%, from 381.4 to 373.3, led by refinancing. The purchase index only fell from 169.6 to 168.8.
Vittorio Hernandez
Mar 13, 2014
Oil giant Chevron, in an update on Wednesday, disclosed that with the completion of the offshore pipelaying at its liquefied natural gas (LNG) project in Western Australia, the country's largest gas project, Gorgon, is almost 80 per cent complete.
Vittorio Hernandez
Mar 13, 2014
Like other large air carriers that used to rule the skies, Malaysian Airlines has experienced financial turbulence in the past decade as budget carriers compete with them on price points.
Vittorio Hernandez
Mar 13, 2014
Apple investors may see significant gains in the company's stock in the next 12 months. According to Pacific Crest Securities Analyst Andy Hargreaves, Apple stock could reach $635 with the impending release of iPhone 6 rumored to have a bigger screen than the usual 4-inch iPhone.
Reissa Su
Mar 12, 2014
The Australian share market was heavily back into the red today, although stocks managed to close off their lows as mining stocks received some positive headwind in afternoon trade. The All Ordinaries Index (XAO) closed lower by 0.5 per cent with key financial players a big drag.
Vittorio Hernandez
Mar 12, 2014
"That 70's Show" alums Ashton Kutcher and Mila Kunis are inviting people into the world of "cute" celebrity couples. The couple grabbed lunch at a café in Beverly Hills, Calif. on Monday afternoon, Mar. 10, and was spotted by a reporter both looking happy and doing a high-five.
Alyssa Ashley Lucas
Mar 12, 2014
Robocoin, the company behind Bitcoin ATMs, is planning to expand to 10 more locations around the world. The company has announced it will be shipping its Bitcoin ATMs to Boston and Seattle in the United States. More machines are heading to the UK, Australia, Italy, Ireland, Israel, Czech Republic, Japan and Singapore.
Reissa Su
Mar 12, 2014
With so many stories behind the Malaysian Airlines flight MH370, many people are now confused between the fact and fiction behind its abrupt disappearance. The mystery of the flight's vanishing act has left the world wondering that even the world's top air safety authorities are still in the dark on the technicalities and its disappearance is simply inexplicable.
Riza Ornos
Mar 12, 2014
Sellers have returned to the share market on Wednesday having stayed their hand somewhat in the previous session. The themes driving sentiment remain largely the same, with the central discussion turning around the mining sector and the near term prospects for the price of iron ore. To that end, prices for the commodity have consolidated at $104.90 / tonne in the last day having suffered an 8% decline in the previous day.
Vittorio Hernandez
Mar 12, 2014
To drop the Union Jack or not. New Zealanders have been given three years to decide on the matter concerning their national flag.
Esther Tanquintic-Misa
Mar 12, 2014
The macro influences remain: China worries; Russian-Ukrainian tensions; sluggish Japanese data; indifferent US data; steel demand in China and the slide into bear markets of industrial commodities.
Vittorio Hernandez
Mar 12, 2014
In US economic data, chain store sales rose by 2.5% in the latest week compared with a year earlier, down from 2.7% in the previous week. Wholesale sales fell by 1.9% in January, the biggest fall in almost five years and well below forecasts centred on a gain of 0.2%. Inventories rose by 0.6%.
Vittorio Hernandez
Mar 12, 2014
There was a whiff of fresh air for embattled Australian flag carrier Qantas on Tuesday when a survey made by booking Web site wotif.com found that the Flying Roo is the favourite of Aussie travelers.
Vittorio Hernandez
Mar 12, 2014
Another wedge seems to have been placed between Australia's richest person Gina Rinehart and her prodigal son John Hancock. Mr Hancock was appointed on Tuesday as non-executive director of Volta Mining, a competitor miner of Hancock Prospecting owned by the mining mogul.
Vittorio Hernandez
Mar 12, 2014
Telstra has inadvertently published the personal data of nearly 16,000 customers compromising the privacy of its customers.
Pavithra Rathinavel
Mar 11, 2014
Is it time to replace Tim Cook as Apple Inc CEO? With Apple shares down 5 per cent and now 25 per cent difference from the stock's peak in September 2012, some investors have been worried about Apple Inc's image as an innovative company especially since the demise of its co-founder and former CEO Steve Jobs.
Reissa Su
Mar 11, 2014
The Australian share market closed flat on Tuesday, despite another big fall in the iron ore price. The commodity plunged nine per cent to close below US$105 / dry tonne within the last session. However our mining players managed to brush off the big drop after falling heavily during yesterday's trade. A gain in financial stocks helped the market close steady, with the All Ords down just one point to 5429.3.
Vittorio Hernandez
Mar 11, 2014
Heinz Canada has decided to voluntarily recall some of its baby food products after discovering a defect in its packaging that could spoil the contents of the items.
Esther Tanquintic-Misa
Mar 11, 2014
New Zealand's economy is expected to have significant gains due to big changes in China which will have a big impact to the island nation's future. According to reports, the Chinese government is resolving to rebalance its economy. China's Finance Minister Lou Jiwei announced that the country's economic growth target will remain at 7.5 per cent for 2014.Mr Jiwei said hitting the growth target does not matter since the government wants to see more of an increase in jobs growth.
Reissa Su
Mar 11, 2014
Apple's iPhone recycling program has now been made available in Canadian retail stores. Canadians wanting that latest model can now trade in their old iPhones to get a credit of up to $275 in order to purchase the new model.
Esther Tanquintic-Misa
Mar 11, 2014
Mystery continued to deepen surrounding the fate of the missing Malaysia Airlines Flight MH370 four days after it disappeared on the air with nary a hint of anything that could pinpoint to where it can possibly be right now. Sherlock Homes-conspiracy theorists have pounced on the incident.
Esther Tanquintic-Misa
Mar 11, 2014
The ASX 200 started with modest gains on Tuesday, notwithstanding the weaker finish seen in US markets overnight. At its best levels in the first hour of trade the index was ahead by 11 points, although that lead faded quickly. Patchy improvements for the financials helped the market hold its ground initially.
Vittorio Hernandez
Mar 11, 2014
New Zealand has joined into the fray of search and rescue operations for the ill-fated Malaysian Airlines flight MH370 that went missing on Saturday early morning.
Esther Tanquintic-Misa
Mar 11, 2014
We are currently inundated with influential macro events: China data; Russian-Ukrainian tensions; sluggish Japanese data; indifferent US data; steel demand in China and the slide into bear markets of industrial commodities.
Vittorio Hernandez
Mar 11, 2014
In US economic data, the employment trends index rose from 115.99 to 116.39 in February.
Vittorio Hernandez
Mar 11, 2014
Air Canada is studying the possibility of hiking its plane fares due to the country's weak currency, including charging for initial checked luggage.
Vittorio Hernandez
Mar 11, 2014
The Australian share market started the trading week firmly in the red today, following a sharp fall in the iron ore price which weighed on mining stocks. The All Ordinaries Index (XAO) closed down 46.2 points or 0.8 per cent to 5430.8 after rising 1.1 per cent over the course of last week.
Vittorio Hernandez
Mar 10, 2014
Families of passengers aboard missing ill-fated Malaysian Airlines flight MH370 have been barraging telecom service providers to look into the mobile accounts of their loved ones. They claim to have been calling their phones and that these were ringing.
Esther Tanquintic-Misa
Mar 10, 2014
