BUSINESS

Australian Stock Market Report – Afternoon 9/25/13

The Australian share market closed higher on Wednesday, following three sessions of losses and after a mixed night on global share markets. The All Ordinaries Index (XAO) added 40.6pts by close to 5270.1pts, just 7 points lower than the intra-day high.

Australian Stock Market Report - Midday 9/25/13

The ASX200 has started in strong fashion in Wednesday ignoring the weakness seen in the US overnight. The initial setup for local trade was less than optimistic after the Dow closed around the worst levels if its session.
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Australian Stock Market Report – Morning 9/25/13

In US economic news, consumer confidence fell from 81.8 to 79.7 in September, short of forecasts for a result near 79.9. The Case Shiller home price index rose 0.6pct in July to be up 12.4pct on a year ago. The FHFA home price index rose 1.0pct in July and8.8pct over the year and the Richmond Fed composite index eased from +14 to zero in September. The Redbook chain store sales index also was 3.6pct up over the year, compared with a 3.4pct gainin the previous week.

NASA Map Shows Regions Most at Risk for Air Pollution Deaths

People wanting to live longer and breathe in fresher, cleaner air may want to get out from mega cities in China, India, Indonesia and Europe and migrate to other regions in the world. A map recently released by NASA has specifically and graphically pinpointed where air pollution is at its deadliest around the globe.

When Will This Bull Market Run Out Of Steam?

By Peter Switzer, Switzer Super ReportWith the Dow Jones index now in record high territory and the All Ordinaries Accumulation Index also at levels never seen before, the key question for many is ? how long does this bull market run for?Let's face it, if we thought it was, say for only one yea...

A Trader's Wrap

By Chris Weston, IG MarketsThe talking point on the floor today has been firmly around the outperformance of the Australian market, despite a slightly weaker lead from the S&P, a flat day's trade in China and a softer Nikkei.

‘Breaking Bad’ Pass Holders get Refund from Apple

Apple has reportedly refunded the credits on iTunes to customers, who had bought the pass to download the episodes from season 5, of the hit TV show “Breaking Bad.” The decision comes after there was some confusion following AMC’s decision to split the season into two.

After U.S., Drug Manufacturer Ranbaxy Faces Regulator's Heat in Australia and UK

There seem to be no respite for troubled Indian drug manufacturers Ranbaxy. Reports say that, after facing U.S. Food and Drug Administration (FDA) action last week for manufacturing lapses, the company, acquired by Japanese drug maker Daiichi Sankyo in 2008, now faces regulators agencies in Australia and Europe who are also assessing if drugs manufactured and exported by the Indian firm to their regions are affected.

Australian Housing Market: Mortgage Lending in the Spotlight

The Federal Reserve's surprising decision to keep QE going at its current rate is still front page news. While the US fiddles with monetary policy to meddle with house prices, the Australian government is set to interfere with banks in order to manipulate mortgage lending. If you've been reading the Daily Reckoning for a while, you know we are sceptical that government action like this produces the intended outcome.

HP's Envy 17 vs MacBook Pro 2013: Leap Motion Controller vs Retina Pro

Ultrabooks improve by the day. HP’s latest Envy Leap Motion challenges products like MacBook Pro especially with their latest sensors and apps. Now, people can control their programs or interface elements just by waving over the notebook. MacBook Pro, on the other hand, features better display through the Retina Display technology. Which ultrabook should people go for?

Real Life ‘Snakes on a Plane’ Freak 370 Qantas Airline Jet Passengers

Good thing Qantas Airways staff discovered the 20-centimeter (8-inch) snake way even before passengers boarded its plane bound for Tokyo. Otherwise it would have been chaos equivalent to the 2006 American action thriller film 'Snakes on a Plane.' Imagine combining aerophobia, the fear of flying, and ophidiophobia, the fear of snakes.

Momentum Builds For Uranium

By Greg PeelIn July last year, Japan restarted its Ohi 3 and 4 reactors and so brought to an end the post-Fukushima period of zero nuclear energy production in the country.

Apple Inc's Shares Dip Slightly as iPhone 5S Sells Out in 1 Day, CEO Tim Cook Officially Joins Twitter (VIDEO)

Apple Inc. fans have been lining up outside Apple stores around the world on Sept. 20 to be one of the first consumers to get their hands on the latest iPhone models, the iPhone 5C and iPhone 5S. Despite the release of the two new iPhone models in the company retail stores, Apple Inc’s share price decreased slightly as Apple investors hold off and wait for the new iPhones’ initial sales data which will be released about a week after.

Australian Stock Market Report – Afternoon 9/23/13

Sellers had the market in a headlock in early trade although the balance shifted following the release of the HSBC flash reading on Chinese manufacturing. The only release of note in regional trade today saw sellers pause as they considered the bigger picture. The Chinese HSBC Flash PMI came in at 51.2 in August, above a consensus forecast of 50.9 and the prior reading of 50.1. Chinese figures released most recently point to the Chinese economy turning a corner which could have positive ramifica...

ZYL Ltd Fined for Continuous Disclosure Breaches

ZYL Limited (ZYL), an ASX-listed metallurgical coal exploration and development company, has paid a total penalty of $66,000 after the Australian Securities & Investment Commission (ASIC) served two infringement notices on the company for failing to comply with its continuous disclosure obligations. The infringement notices pertain to an ASIC investigation into ZYL announcements on the Australian Stock Exchange (ASX).

The End of Australia’s Boom Economy

In the post-war era, there is the strong relationship between economic and electoral success. Despite having steered the nation through the 2007/8 crisis, Australia's left of centre Labour Party was defeated at the 7 September election 2013, primarily for other political reasons.

Energy Investors Take Note

These ominous words hit the finance sphere this week. If you've tuned in to the Daily Reckoning lately, you might think it was Family Wealth editor Vern Gowdie repeating his warning of a 90% stock crash. But these words actually belong to William White.

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