BUSINESS

Australian Stock Market Report – Afternoon 9/30/13

Sellers moved in on the Australian share market today, dragging the index from fresh five year highs reached on Friday. It was the worst one day session the Australian share market has experienced since the 3rd July. However the Australian share market notched up its best quarterly gain since September 2009, rising 9.3 per cent in the three months to September.

Australian Stock Market Report – Midday 9/30/13

It's been a predictable start to the week for local stocks. Sellers have made an impression by taking the index lower as investors weigh the debt ceiling on one hand and the implications for the Fed's tapering calendar on the other. The US Congress has not yet passed a "continuing resolution" to fund the US government beyond Monday 30 September which is the end of the US fiscal year.
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Alibaba Decides to Move IPO to the US

China's largest e-commerce company Alibaba Group Holding Ltd. is planning to go public in the US after it failed to reach an agreement with the Hong Kong stock exchange in regard to a listing there.

No More BlackBerry Phones in T-Mobile Stores

In yet another confirmation of the impending darker days ahead for the once top Canadian tech firm BlackBerry, T-Mobile U.S. said over the weekend that it would no longer have BlackBerry smartphones in its stores nor air ads for its slow selling devices such as the Z10.

Australian Stock Market Report – Midday 9/27/13

Friday morning has seen the ASX200 maintain the constructive tone that has been a feature of recent days. The index appears to be accepting prices at higher levels on improving volume. At lunch time on Friday the market remains within sight of the best levels of the last fortnight. Equally significant is the fact that multi year highs are a part of the picture, with the index hitting new 5 year highs this morning. This last point is significant when considering the general back drop which is bei...

China Space Station Target Launch Date in 2023

China is inarguably working to achieve so many things right now. Aside from racing to have cleaner and improved air quality by 2017, it only has set its sights to launch its own space station by 2023.

7 Steps to Success for Any Central Banker

The Maestro, Alan Greenspan, has a new book slated to hit shelves Oct. 22. Its title: The Map and the Territory: Risk, Human Nature, and the Future of Forecasting.

Australian Stock Market Report – Afternoon 9/26/13

The Australian share market has managed to finish higher for a second consecutive session, despite another night of selling on Wall Street and generally weaker sentiment across the Asian region. The All Ordinaries Index (XAO) finished the day's trade up 18 points or 0.3 per cent to 5288.2pts.

Australian Stock Market Report – Midday 9/26/13

The resolve of yesterday's buyers has been tested today in early trade on Thursday. Similar circumstances to Wednesday were in place at the open of trade after US stocks ended lower for a 5th day on the trot. The declines for US indices weren't sinister, although the related statistics were less than encouraging, for example the SP 500 finished at the lows of the day; more importantly the index settled below the 1700 mark. As a result the local market saw selling from the outset, at its wo...

China Partially Lifts Ban on Access to Facebook, Twitter, But Netizens Aren’t Exactly Excited

Four years since China blocked Facebook after activists used the portal to communicate their vendetta, the country has decided to partially lift the ban but only in select areas, particularly the Shanghai Free Trade Zone (FTZ). Twitter has likewise been granted albeit only with the same limited access. However, Chinese netizens don't seem to be excited over the latest announcement in their microblogging hemisphere.

New Zealand Sheep Milking the Next Big Boom in Dairy, Trade Deficit Widens as Milk Exports Decline

New Zealand's sheep milking is predicted to be big industry for New Zealanders in the future with Blue River Dairy planning to invest millions of dollars in new equipment. Due to the decline of dairy exports, the trade deficit in New Zealand grew to $981 million or NZ$1.2 billion for the month of August. This is the biggest trade deficit for the country in five years. Exports slumped to their lowest since Sept. 2012 as dairy exports were down 1.8 per cent.

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