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.
New Zealand Prime Minister John Key came to the defense of the country's tourism campaign, "100 per cent pure New Zealand," in a conference in Bali, Indonesia ahead of the APEC summit. In the tourism conference focusing on sustainable development, Mr Key said the 100 per cent pure campaign continued to be a success when it was first used to promote New Zealand in 1999.
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 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.
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, 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.
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...
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.
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.
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.
The 2013 EB Games EXPO is a gamer’s dream come true. It is an annual event for the gaming industry, which features upcoming games, presentations from game developers and several community events. It will be held at the Sydney Showgrounds in Sydney, Australia from Oct. 4-6, 2013.
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.
How powerful are Carl Icahn’s tweets over Apple Inc. Market Cap?
PC maker Dell has just belatedly rejoined the tablet war by introducing four new low-priced tablets, running on Intel processors.
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...
Japan's crippled Fukushima nuclear power plant is at it again, this time leaking 114 gallons of highly radioactive contaminated water into the Pacific Ocean.
Woolworths, the largest chain of supermarkets in Australia, will not be offering eggs from battery hens in its stores anymore. This is in line with the company’s environmental commitment for sustainability and the reduction of carbon footprint, which includes animal welfare.
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.
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?
By Greg PeelThe Dow fell 136 points or 0.9% to be just below 15,000, while the S&P lost 0.9% to 1678 and the Nasdaq dropped 1.
The Australian share market managed a second session of gains today, despite worries about the US budget impasse and falls on most global markets overnight.
Microsoft leaks Aussies’ private information to the government
Aussies could expect their favourite soap opera, starring the country's richest family, to resume soon, following the decision by the New South Wales Supreme Court to reject the appeal by Ginia Rinehart, the youngest heiress of the mining magnate Gina Rinehart, to resolve their family feud via arbitration.
Apple vs Samsung: Samsung fakes benchmark results and Schiller will not let this pass
Apple iPad Mini with retina display release date postponed to 2014
Microsoft top 3 investors are calling for Bill Gates to step down as chairman for Microsoft Corp
Japanese Telco NTT Docomo has just unveiled in its home turf an intelligent wearable device that could topple Internet search giant Google's avant-garde Google Glass device.
The Australian share market is moving higher for a second straight session, despite weakness on Wall Street overnight as the US government shutdown entered its second day. This morning our time, US President Obama and Congress have been holding talks in an effort to reach agreement over the budget impasse.
They may be becoming one of the world's richest dominions, but the Chinese are a known sloppy pack when touring other countries. Yes it is a fact. Otherwise, China's very own National Tourism Administration won't be publishing a 64-page Guidelines On Civilised Travel Abroad if the Chinese were behaving civilly and properly outside of their home turf.
It was a photo contest not meant to show the most vivid, beautiful and eye-turning picture. It was a photo contest meant to show off the most thought-provoking and livid picture that would most perfectly capture the state of Florida's water pollution problem.
