BUSINESS

Little Optimism In Uranium Market

By Greg PeelOlympic Dam is Australia's largest uranium source but outside of the diversified resource conglomerate that is owner BHP Billiton, Australia's two "big" pure-play uranium producers are Energy Resources of Australia ((ERA)), operating in the Northern Territory and Paladin Energy...
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Australian Stock Market Report – Afternoon 10/11/13

It certainly was an eventful end to the week, with stocks rising by 1.6 per cent by the close of trade, taking the gains for the week to a modest 0.44 per cent. The biggest catalyst for the improvement was the Republican Party putting forward a temporary six week increase in the debt ceiling to allow time for congress to negotiate on 2014 budget.

Ford Develops Driverless Automobiles: The Car that Parks by Itself and Avoid Crashes

Motor company Ford showed off prototype cars with two new technologies in Europe. One system allows a car to park itself without a driver inside while another automatically turns the steering wheel to avoid stopped cars or pedestrians. The driver less vehicle would be an advantage in the parking places as that consumes the much of time.

Australian Stock Market Report – Midday 10/11/13

The US political jitters have settled somewhat, sending global markets sharply higher. Last night was the best one day session for American shares since December 2011, while the local market is having its best day in three months. The All Ordinaries Index (XAO) is up 1.6 per cent.

China Now Global Oil Import Leader

China is now the world's leading oil importer, surpassing the U.S. in September, according to latest data released by the latter's Energy Information Administration (EIA).

Australian Stock Market Report – Afternoon 10/10/13

The key takeout from today's trade is that opportunistic buyers are not being bullied by the selling fraternity. In recent days the headlines from Washington have given sellers the edge although, they have only been prepared to chance their arm so far. The early session provide a good case study of this today.

Lenovo to Acquire HTC: 3 Possible Benefits of HTC from Acquisition Deal

Lenovo could be the saviour of HTC in smartphones wars if the Taiwanese company allows acquisition. HTC has been in trouble this year through several issues such as patent infringements and failure of One smartphone to beat Samsung Galaxy S4. If acquired, three possible benefits may bless HTC to get back its feet on the ground.

Good as Dead? Latest Leak at Japan Fukushima Plant Contaminates 6 Workers

Six workers of Japan's crippled Fukushima nuclear power plant have been directly exposed to leaking radioactive water. The Tokyo Electric Power Co (TEPCO), the plant's operator, on Wednesday said the unfortunate accident occurred due to carelessness when one of the workers detached a pipe connected to a water treatment system at the site.

Australian Stock Market Report – Midday 10/10/13

Australian stocks are back in the red in early trade on Thursday, despite gains made on blue chip stocks in New York overnight. The US Dow Jones Index closed in positive territory after President Obama nominated current US Federal Reserve Vice-Chair Janet Yellen to succeed Ben Bernanke as Fed Chief when his term ends in January 2014. If endorsed by the Senate, Yellen will become the first female Federal Reserve Chair in the bank's 100 year history.

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