BUSINESS

Australia’s Property Crash: Gold Coast Homes Selling at 50% Discount

It is a buyers' market in Australia's Gold Coast as property prices plummet up to 50 per cent since 2010, while median price is a third below Sydney's prices. Although property prices in Gold Coast went up 0.8 per cent in the past year through June, other large Australian cities logged an average of 3.8 per cent hike.

Housing Failure and Price Spikes

Financial types aren't known for their boxing prowess. But economist Saul Eslake took to the metaphorical ring this week and, with straight lefts and right hooks, beat Australia's housing policy to a pulp.
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Australian Stock Market Report – Afternoon 9/6/13

Investor caution saw the local market close flat after being in the red for most of the session. Investors elected to stay out of equities ahead of the August non-farm payrolls report being released in the US tonight and tomorrow's Federal Election.

University of NSW Study Pushes for Renewable Energy Over Coal

It would make more economic sense for Australia to pursue renewable energy rather than continue the use of coal, despite the possible availability of carbon capture and storage technology, according to a study by the University of New South Wales.

New Zealand Named 4th Best Financial Market in the World: World Economic Forum

New Zealand was recognised as the fourth best financial market in the world in a report released by the World Economic Forum. The country's relatively smooth ride through the global financial crisis that has left other nations struggling has made New Zealand one of the most efficient financial markets worldwide.

After 18 Years, Yahoo! Sports a New Logo, and It Sucks

Any company which has a table of organisation should ought to let it work to its full advantage. In the case of Yahoo! which has recently launched a new logo, CEO Marissa Mayer should better have left any aesthetic dealings to her team. Her job after all deals much more than tinkering with the design of a new logo.

US Market Crash Flag Still Flying

The flag is not a prediction. It's merely a warning - like the flag at the beach that warns of a dangerous riptide. You can still go in the water. But watch out. You could get washed out to sea.

A Good Old-fashioned Market Crash

When we left town on Friday trading was as slow as the traffic on the interstate. Labor Day is the last holiday of the summer. No one wants to miss it.

Abenomics for Japanese Economy: Hit or a Miss!

Prime Minister Shinzo Abe's fiscal-stimulus policies dubbed "Abenomics" have guided long-suffering Japan to three consecutive quarters of growth. The prices are finally rising, along with the stock market and that is drawing increasing attention from economists in the West.

The Overnight Report: Awaiting The Data

By Greg PeelThe Dow closed up 6 points while the S&P rose 0.1% to 1655 and the Nasdaq added 0.2%.Bridge Street failed to fire yesterday despite a strong lead from Wall Street, with the July trade balance data weighing on sentiment.

Canada’s Apex and Lockeed Martin (NYSE:LMT) Ink Agreement on F-35s Amid Scrutiny Over Delivery Delay Costs

Apex Industries Inc is the most recent firm from Canada to join hands with Lockheed Martin (NYSE: LMT) in developing the F-35 Lightning II program. The contract agrees to the use of Apex’s aluminium metallic parts that make up the wing and the forward fuselage. The agreement was described as a "multi-year" contract with all the work to be done at the New Brunswick, Moncton-based Apex facility.

Australian Stock Market Report – Afternoon 9/5/13

The Australian sharemarket slid for the second straight day, despite the best improvements in a month in the US last night. The All Ordinaries Index (XAO) fell by 0.4 per cent, with only the defensive healthcare sector, industrials and IT industries escaping the selloff.

Huawei Australia Opens Brisbane Office, Launches Undergraduate Program to Send Students to China Headquarters

Huawei Australia has announced the opening of a new office in Brisbane with nine staff to be added to its staff of 700, to which 85 per cent of that number are locals. Huawei already has offices in Sydney and Melbourne. The opening of the new Brisbane office will help extend the company’s operations and consumer reach in Australia. The Lord Mayor of Brisbane Cr Graham Quirk has signed an agreement with Huawei, a telecommunications giant in China, to encourage local students to study and learn...

Baxter’s Global Acquisition of Gambro Cleared by ACCC

Australian Competition and Consumer Commission (ACCC) on Wednesday said, it will not oppose the proposed acquisition of Gambro AB by Baxter International Inc. This decision of the Commission follows an undertaking submitted by Baxter that it will sell part of its Renal Replacement Therapy business.

Australian Stock Market Report – Midday 9/5/13

The Australian share market remains in the red on Thursday, despite predictions of a solid session. Overnight, Wall Street recorded its best gains in more than a month, rising 0.7 per cent and setting the SPI futures up for a 0.3 per cent gain locally.

Microsoft Wins Patent Battle Against Google's Motorola, Gets $14 Million in Damages

Microsoft won the patent trial against Motorola as the courts decided that the company failed to observe fair and reasonable licensing terms when it negotiated with Microsoft over the Wi-Fi and H.264 intellectual property. A district court had previously ruled that the standard, essential patents of Motorola were not worth $4 billion as claimed by the company. According to Microsoft's public statement, the patent trial win was a milestone for those who want tech products to be affordable and...

New York Store Staff Gets Even With Boss from Hell

If Lenovo Chief Executive Officer Yan Yuanqing could be considered the ideal boss, having given this week his more than $3 million bonus to the tech firm's 10,000 workers, the opposite is true for the store manager of Journeys in Rochester, New York, whose staff resigned en masse by publicly leaving their open letter to him.

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