BUSINESS

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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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...
Vittorio Hernandez Oct 09, 2013

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.
Sunny Peter Oct 09, 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.
Janice Somosot Oct 09, 2013

Japan to Open Marine Mammal Park; Visitors May Not Only Swim with Whales, Dolphins but Can Eat Them Too!!

A marine mammal park has been set to be constructed and launched within five years in Taiji, in Wakayama Prefecture on the south-west coast of Honshu. Visitors will get to swim alongside marine animals whales and dolphins. However, there's something more - visitors can also eat the animals' meat, a project sure to catch the ire of animal lovers and protectors.
Esther Tanquintic-Misa Oct 09, 2013

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).
Vittorio Hernandez Oct 09, 2013

Could Stocks Blow Up 13% Plus?

By Peter Switzer, Switzer Super ReportOne of the great tragedies of US history was the Hindenburg disaster.
Admin System Oct 09, 2013

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.
Admin System Oct 09, 2013

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.
Janice Somosot Oct 08, 2013

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.
Janice Somosot Oct 08, 2013

Japan Airlines, Airbus Enter Purchase Agreement; is Boeing Doomed for the Pits?

In what could be a major blow to U.S. plane maker Boeing (BA), Japan Airlines on Monday announced it has finally decided to purchase 31 A350 wide-body jets from Airbus, with a worth placed at $9.5 billion. Moreover, the purchase agreement between the two companies has options for a further 25 aircraft.
Esther Tanquintic-Misa Oct 08, 2013

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.
Jamelle Agbuis Oct 08, 2013

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.
Jamelle Agbuis Oct 08, 2013

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.
Sachin Trivedi Oct 08, 2013

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.
Vittorio Hernandez Oct 08, 2013

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