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Australian Stock Market Report – Afternoon 10/9/13

One of the more valuable aspects of the current market atmospherics is to see how the market performs when dealing with the headwinds being generated by US politics. Today, and not for the first time, the local index showed some mettle. Have been handed a poor finish on Wall St, the market started under duress, losing as much as 30 points in the first hour of trade. From that point however buyers slowly began to reel in the deficit. By the early part of the afternoon the market peaked at its bes...

Australia-India Nuclear Trade Talks Soon: What’s in store?

Australian Prime Minister Tony Abbott will meet his Indian counterpart Dr. Manmohan Singh on the sidelines of the India-ASEAN and the East Asia Summit Oct 9-10. Top on the agenda will be the need for finalisation of a nuclear deal between the two countries. The External Affairs Ministry has already said that the two countries are hoping to hold a third round of nuclear cooperation talks in Dec 2013.

Eight Policemen in Wentworthville Fire: Heroes Who Risked Lives to Save Possible Suspect

8 police officers who risked their lives by entering a burning building in Wentworthville, New South Wales (NSW), Australia on Oct. 8, 2013 to help people who were trapped inside have been praised as heroes for their brave act. However, the man they saved, 36-year-old Jomaa Market store owner Chadi Jomaa, could be the one who started the fire in the first place.

Australian Stock Market Report – Midday 10/9/13

The Australian sharemarket is down for the fourth straight day, with the All Ordinaries Index (XAO) down 0.1 per cent. The US government shutdown has entered day eight and we're only nine days away from the debt ceiling deadline (US will run out of cash to keep economy running unless ceiling raised).

No End In Sight For Debt Ceiling

By Kathleen Brooks, Research Director UK EMEA, FOREX.comRumours that the US Congress would reach a deal to extend the debt ceiling, albeit only for a few weeks, ended up being hopeless optimism, after the Republicans held a press conference with the hash tag #letstalk in the background.

New South Wales Supermarket Explosion

An explosion rocked a two-storey building on Station Street in Wentworthville, New South Wales (NSW), Australia at around 4:30am on October 8, 2013. The building reportedly contained residential units on top of an Afghan supermarket.

Coca-Cola To Introduce One-Stop Food 'Ekocenters'

By end 2015, the Coca-Cola Company, popularly known as Coke, will be launching 1,500 to 2,000 Ekocenters or mini one-stop shops that will supply cooked meals, clean water, power, Internet, vaccines and Coke products to 20 developing countries, which including Africa, Asia, North America and Latin America.

JAL – Airbus Deal to be One of the Biggest Aircraft Deal

For the first time ever, Japan Air line placed a deal with Airbus. Airbus, Giant Aircraft maker has too agreed with the deal for 31 long-haul A350 jetliners having a price of $9.75 billion. The agreement on Monday predicts that the deliveries will start in 2019 and new planes will be rolled over six years.

Samsung Predicts Profits of $9.3Billion for Q3

Samsung Electronics Co., the top smart phone maker, came in to existence in 1938. It tried its hand in diversified branches such as construction, textiles, insurance, securities and retail.

Toyota Corolla: Australia's Most Preferred Car

Toyota Corolla automobiles are selling like hot cakes in Australia. This car brand could propel the company to the coveted position of the best-selling car in the country, an accomplishment enjoyed by Toyota for almost a decade now.

Australian Stock Market Report – Midday 10/8/13

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.

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