BUSINESS

Australian Stock Market Report – Morning 4/2/14

n US economic data, the ISM manufacturing index rose from 53.2 to 53.7 in March. Construction spending rose by 0.1% in February. Chain store sales rose 2.3% in the latest week compared with a year ago, down from a 3.1% gain in the prior week. And the Dallas Federal Reserve services index rose from +9.8 points to +16.5 points in March.
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Australian Stock Market Report – Midday 4/1/14

Solid gains on Wall Street overnight have been ignored by local investors on the first day of a new month and quarter. The gains in the US were driven by dovish comments made by Fed Chair Janet Yellen. Ms Yellen gave a speech on Monday defending the Fed´s policy of low interest rates and bond-buying, saying that the ´´extraordinary´´ commitment to stimulus will be needed for some time in the face of the ´´considerable´´ slack in the economy and labour market. Ms Yellen suggested that this ´´vie...

Global Markets Overview - 4/1/14

There are over 20 different countries releasing manufacturing PMI data today. The most notable will be: (in timeline order) Japan, China, France, Germany and the US.

Australian Stock Market Report – Morning 4/1/14

In US economic data, the Chicago Purchasing Management Index fell from 59.8 to 55.9 in March - a seven month low. Federal Reserve Chair Yellen gave a speech on Monday strongly defending the Fed´s policy of low interest rates and bond-buying. Yellen said the ´´extraordinary´´ commitment to stimulus will be needed for some time, saying there is ´´considerable´´ slack in the economy and labour market. Yellen suggested that the ´´view is widely shared by my fellow policy-makers at the Fed´´.

Australian Stock Market Report – Afternoon 3/31/14

The Australian share market had a strong finish to the first quarter of the calendar year, thanks to a positive offshore lead on Friday and speculation Chinese policymakers could move to prop up their slowing economy by providing stimulus, which gave a boost to the Asian region.
A banner that reads "Fukushima" is placed in front of a giant symbolic Japan's national flag to mark the third year anniversary of the March 11, 2011 earthquake and tsunami, at the European Parliament in Strasbourg, March 11, 2014. REUTERS/

Fukushima Begins Dumping Groundwater into Ocean Waters in May

Tokyo Electric Power Co's dumping of groundwater from the Fukushima Dai-Ichi nuclear power plant, already approved by local fishermen on Tuesday, will begin in May, Japan's industry minister said on Sunday.

Australian Stock Market Report – Midday 3/31/14

The Australian sharemarket is recording its best daily gain in a little over a week, helped by gains in global markets on Friday. The All Ordinaries Index (XAO) is up 0.7 per cent, with all sectors in the black. The start of a new month is always a busy time for markets and economists, with a barrage of economic readings expected to be released over the next five days.

Global Markets Overview – 3/31/14

Based on the close of the futures from Saturday, the market is currently pointing higher by around six to eight points, which would mean the ASX could register a 0.4% gain for the quarter.

Australian Stock Market Report – Morning 3/31/14

In US economic data, personal income and spending both rose by 0.3% in February, in line with forecasts. And consumer sentiment rose from a preliminary reading of 79.9 to 80.0 in March, just short of forecasts tipping a result near 80.5.
Hobbiton

Lord of the Rings Hobbiton Set Helps New Zealand Log 7.3% Growth in Tourist Arrival to 2.77 Million

As of February 2014, 2.77 million tourists have visited New Zealand in the past 12 months, logging a 7.3 per cent growth, according to Tourism New Zealand. The industry has a lot to thank the movie series Lord of the Rings, which was mainly shot in the country because a substantial number of the visitors came to see the movie set which features the hobbit houses where Middle Earth is supposed to be located.

Insecure Men Can Stop Wearing Socks on Genitals & Try a Padded Underwear to Look Big Like Christian Grey

If women have push-up bras push-up bras to create an illusion of a large bosom out of a molehill, men now have similar options to appear like Christian Grey of 50 Shades of Grey or Jonas Falcon of Its Too Big MTV fame. The secret is in the padding. Anne Summers, the creator of push-up bras and other naughty products, came up with the Triple Boost briefs to liberate some males from putting socks or other male package enhancers on their penis or crotch to appear large when wearing tight pants, sho...

HTC One M8: New Windows Phone 8.1 Variant is Rumoured to be in the Offing

It has been a couple of days since HTC unveiled its new HTC One (M8), but rumours are already ripe that a potential Windows Phone version of the smartphone is in the offing. The HTC Windows Phone is expected to incorporate similar technology and design from the Android-powered HTC One M8.

Global Markets Overview – 3/28/14

With two trading days left in Q1, window dressing is becoming an art form, with most markets experiencing some form of it.

Australian Stock Market Report – Morning 3/28/14

In US economic data, the economy grew at a 2.6% annualised pace in the December quarter, up from the 2.4% prior estimate and just short of forecasts. New claims for unemployment insurance fell by 10,000 to 311,000 in the latest week, well below forecasts centred near 325,000. But the pending home sales index eased 0.8% in February. Economists had tipped a flat result.

Qantas Job Axe Hits 26 Managers

A seven-page memo to Qantas staff that was leaked to media said that 26 managers will get the axe as part of the embattled air carrier's cost-cutting programme in a bid to save $2 billion over three years.

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