BUSINESS

Volkswagen Recalls Whopping 2.6M Cars Worldwide, Biggest from China

In what could it be its biggest product recall, German automaker Volkswagen is set to withdraw a whopping 2.64 million cars worldwide to fix a number of problems that came with a number of different models. The biggest recall was in China at 640,309 cars and minivans.

Global Markets Overview – 11/15/13

After having set up the market for a dovish tone, it was one-way traffic at the Senate hearing as incoming Fed chair Janet Yellen re-emphasised the need for QE. While acknowledging the economy is significantly stronger and continues to improve, she said the US economic recovery is still fragile and as a result, prematurely pulling aid could derail the recovery. This was not really fresh news and traders didn't add to US dollar shorts. The market has known for a while that Janet Yellen's po...

Australian Stock Market Report – Morning 11/15/13

Fed Governor Yellen's testimony to the Senate Banking Committee was a relatively dove-ish affair that was roughly in synch with the Fed's official view. Crucially she indicated that the "benefits of QE still exceed the costs" and that the Fed ´´must not remove support while recovery is fragile." This does not suggest any particular urgency to commence tapering and suggests that an announcement will only be made in 2014.
More news

Iron Ore Prices Hit $137 per Tonne at China’s Tianjan Port

Iron ore prices are improving, and it spells good news for Australian miners. Reports from proactiveinvestors Australia said that at China's Tianjin port, price of the key steelmaking ingredient has reached $137 a tonne.
Vittorio Hernandez Nov 14, 2013

Global Markets Overview – 11/14/13

When the five largest stocks (which make up over 30% of the ASX) contract by one per cent or more, a 1% plus contraction will also occur, considering the market that has very little diversification.
Vittorio Hernandez Nov 14, 2013

Australian Stock Market Report – Afternoon 11/13/13

Despite only a modest pullback in the early part of the session, local equities started to deteriorate in the final three hours of trade. The All Ordinaries Index (XAO) slumped by 1.3 per cent, making it the worst day for local equities in 1.5 months. The major banks were the biggest culprits for today's selloff.
Vittorio Hernandez Nov 13, 2013

New York Judge Cuts Award to Apple in Samsung Patent Lawsuit by $450 M

The prolonged Apple-Samsung battle deluxe returns this week as the jury trial before the New York court of Judge Lucy Koh resumed on Tuesday. The new trial would tackle the monetary compensation for the patent technology question on charged by Apple that Samsung copied its iPhone and iPad technology.
Vittorio Hernandez Nov 13, 2013

Could A Correction Be KO'd By A Market Melt-Up?

By Peter Switzer, Switzer Super ReportRegular readers know I've been wrestling with the history of stock markets, which suggests a correction or pullback is overdue.
Admin System Nov 13, 2013

Global Markets Overview – 11/13/13

The dominant theme in global markets was continuing US dollar strength, as tapering expectations continue to ramp up. This saw equities drift lower, with many investors out there in wait-and-see mode heading into a raft of Fedspeak including Ben Bernanke and Janet Yellen. Fed member Richard Fisher got the ball rolling on taper talk after saying it could happen next month during a speech in Melbourne, adding that monetary accommodation was getting riskier by the day. Meanwhile, Dennis Lockhart sa...
Vittorio Hernandez Nov 13, 2013

Australian Stock Market Report – Morning 11/13/13

In US economic news, chain store sales rose by 3.3pct in the past week compared with a year ago according to Redbook Research, down from 3.8pct in the previous week. The Chicago Federal Reserve national activity index rose from 0.13 to 0.14 in September. But the employment trends index eased from 114.8 to 113.65 in October.
Vittorio Hernandez Nov 13, 2013

Typhoon Haiyan (Yolanda) Update: Residents Are Now Looting Beer from Tacloban Warehouses; Bloomberg Estimates Economic Impact of Megatyphoon at $14B (VIDEOS)

The behaviour of some Tacloban residents continue to puzzle observers after reports surfaced of rampant looting in the city ravaged by Super Typhoon Haiyan (Yolanda). First, the emptied the Gaisano Mall, taking even appliances, electronic goods and branded clothes, putting in question their motives - is it for survival or simply for personal gain. Then they also looted gasoline. On Tuesday, GMA News reported that warehouses in the city were also being robbed of cases of beer!
Vittorio Hernandez Nov 12, 2013

Australian Stock Market Report – Midday 11/12/13

The Australian share market is back in the black today, rising by 0.3 per cent in early trade after the US Dow Jones and S&P 500 Indices notched up record gains again overnight.
Vittorio Hernandez Nov 12, 2013

Hacker Steals $1M from Australian Bitcoin Bank (VIDEOS)

Hackers had successfully entered into the system of payments processor Inputs.io from a four-month-old Australian Bitcoin bank and stole over $1 million. The hacking incident is estimated to have taken place between Oct 23 and 26.
Vittorio Hernandez Nov 12, 2013

Google Helpouts Officially Launched: Live Chat via Video with Experts Feat. Sephora Makeup Tricks [VIDEO]

Google has officially launched Helpouts on Nov. 5, 2013. It offers netizens help from experts via live chat over video. It includes tips in Art and Music, Computers and Electronics, Home and Garden, Education and Careers, Fashion and Beauty, Fitness and Nutrition, Health and Cooking. One of the first live video chats to be launched was Helpouts by Sephora featuring several makeup tips and tricks from the French brand and chain of cosmetics stores that can be found all over the world and on the I...
Janice Somosot Nov 12, 2013

Pages

  • Prev
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • Next
  • Promoted in Business