NZ’s Auckland Recovers Power Supply After Ex-tropical Cyclone June
Electricity suppliers have managed to restore all of Auckland's power supply on Wednesday after ex-tropical Cyclone June's powerful wild winds hit the area on Tuesday.
Iron Ore Prices Plummet to Six-Month Low of $124.80 per Tonne as Chinese Buyers Retreat
Iron ore producers in Australia are under pressure following the drop to a six-month low of prices of the key steelmaking ingredient to $124.80 per tonne. The price decline was mainly due to Chinese iron ore buyers retreating.
Global Markets Overview – 1/22/14
Fundamental questions around strength of the US earnings remain; after having seen a 30% gain on the S&P in 2013, the current earning season is masking what really is a disappointing start.
Australian Stock Market Report – Morning 1/22/14
European shares rallied to a fresh 5½-year high on Tuesday. Better than expected earnings from consumer goods maker Unilever (up 1.8%) supported investor sentiment. Sales rose 8.4% in emerging economies and accounts for more than half of earnings. In addition solid German sentiment data remained near 8 year highs. The monthly ZEW survey of economic sentiment slipped from 62.0 to 61.7 in December. Economists now expect Germany´s growth expansion of around 1.7% in 2014 after 0.4% in 2013. The FTSE...
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Is Qantas Risking Passenger Lives by Having Boeing Jet Maintenance in Hong Kong Instead of Its Own Brisbane Maintenance Facility?
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Apple Inc Market Share Grows Faster Than Samsung in U.S.; Apple Stock to Reach $1000 in 2 Years
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Australian Stock Market Report – Afternoon 1/21/14
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CO2's CEO Grant Resigns as Australia Draws New Climate Policy
More news
China Launches Own State-Approved OS that Will Rival Android, iOS
China has developed its own mobile operating system called China Operating System (COS) that will rival Microsoft's Windows, Google's Android and ChromeOS, as well as Apple's iOS and MacOS platforms.
Papua New Guinea No Longer Issuing Visas on Arrival for Australians
Papua New Guinea will no longer be issuing Australians visas on arrival, Peter O'Neill, Papua New Guinea Prime Minister, made the announcement on Monday.
Australian Stock Market Report – Midday 1/21/14
The Australian sharemarket has crept into positive territory after a slightly weaker start. The All Ordinaries Index is up by less than 0.1 per cent; however is being held back by an underperforming mining sector. U.S. sharemarkets were closed last night due to the Martin Luther King Jr Day holiday; keeping trading volume lighter than usual. There is no major economic news scheduled for release in Australia or the region today; however yesterday's slightly better than expected Chinese GDP rea...
Canadians’ Access to Doctor Appointments Ranks Last Among OECD Countries
Best not to get sick at anytime in Canada. A new survey that looked into the waiting times of Canadian patients in setting urgent appointments just to be checked and treated by their family doctors within a day has been found to be the worst among the 11 member countries of the Organisation for Economic Co-operation and Development (OCED).
Global Markets Overview – 1/21/14
With the US shut for Martin Luther King Day, overnight leads are thin, meaning another day of digesting the China GDP data.
Australian Stock Market Report – Morning 1/21/14
European shares edged lower in thin trade on Monday. A surprising quarterly loss by Deutsche Bank prompted investors to cash in recent gains on banking stocks. Deutsche Bank fell by 5.4% after a drop in fixed income trading revenues restructuring costs, and also warning about a challenging 2014. Credit Suisse fell 2.5% and Commerzbank lost 4.5%. The STOXX 600 Banking index lost 1% but was still up 5.5% so far this year. The FTSEurofirst 300 index fell by 0.1% with the UK FTSE up by 0.1% and the ...
Should Store Mannequins Have Pubic Hair?
A New York display along East Houston is generating buzz in the fashion industry because of three mannequins. It is not so much the white undergarments donned by the models that are the cause of the talk, but the fact that the mannequins have unshaved pubic hair sticking out of the undies.
Made-in-Australia Clothes Are Ill-Fitting, Says American Sizing Expert
While Australian consumer may not throw a fit when their clothes does not fit like what that Indian actress did, buyers deserve better treatment, said Ed Gribbin, president of Alvanon, a clothing size and fit consultancy.
China National Nuclear Corp Buys 25% Stake in Africa’s Largest Uranium Mine from Australian Uranium Producer
Beijing will have a more cleaner-burning source of energy with the purchase by the China National Nuclear Corp (CNNC) of the 25 per cent stage in one of Africa's largest uranium mines. CNNC bought the shares of the Langer Heinrich operations in Namibia for $190 million from Australian uranium producer Paladin Energy on Monday.
Australian Stock Market Report – Afternoon 1/20/14
The Australian share market finished in the red today, but importantly closed well off earlier lows following better than expected Chinese economic growth figures. The All Ordinaries Index (XAO) hit a low of 5237.7 points during trade before closing down just 8.8 points to 5307.6.
Stop Judging Our Laws, Look at Yourselves First Before the Mirror – Putin Tells U.S. on Anti-Gay Laws
Three weeks before the opening of the Winter Olympics in Sochi, Russian President Vladimir Putin has pounced on critics, particularly American critics opposed to his country's anti-gay laws. He specifically told them to look at themselves in the mirror first before throwing tantrums and verbal shenanigans against Russia.
TEPCO Detects New Radiation Contaminated Leak at No. 3 Reactor Building
Tokyo Electric Power Co (TEPCO), embattled operator of crippled Fukushima nuclear power plant, has detected a new radiation contaminated water leak at the plant's No. 3 reactor building.
Rainfall to Blast Down on New Zealand, Australia; Kiwi Farmers Welcome Respite
Large amounts of rainfall are expected to fall down on New Zealand and Australia early this week. Kiwi farmers at upper North Island however are excited over the development.
Canadians Warned – Bitcoin Still Unrecognised as Legal Tender
Bitcoin automated tellers machines may be proliferating all across Canada, but the country's finance department was quick to warn residents the digital currency has yet to be recognised as a legal tender.
Australian Stock Market Report – Midday 1/20/14
The Australian sharemarket is losing ground following a mixed and uninspiring session from global markets on Friday. The main potential driver of local stocks this afternoon is likely to be a barrage of Chinese economic readings at 1pm (AEDT). Volume is expected to be on the light side globally, with the Martin Luther King Jr holiday keeping U.S. markets closed tonight.
‘Grand Theft Auto V’ Herr Kutz Barbers Copied from Real Shop in Plymouth, Devon Without Permission from Owner Anthony Braddon? [WATCH VIDEO]
The Rockstar Games' "Grand Theft Auto V" (GTA 5) videogame featuring Herr Kutz Barbers was reportedly copied from a real shop in Plymouth, Devon without permission from its owner Anthony Braddon.
Canada’s Toronto, GTA Advised to Brace for Cold Front, Frostbites
Residents living in Canada's Toronto and the rest of the GTA are advised to take the necessary precautions in anticipation of blowing snow and frigid temperatures expected to blast the region on Sunday lasting through Monday.
Global Markets Overview – 1/20/14
Expectations are growing that 2014 will be the year that commodities will return to the winners' cycle, after having seen the likes of corn, silver, gold, nickel and platinum all falling into bear markets in 2013, with 23 commodities finishing last year in the red.
Australian Stock Market Report – Morning 1/20/14
n US economic news, the University of Michigan US Consumer Sentiment Index eased from 82.5 to 80.4 in January. US industrial production rose by 0.3% in December, with manufacturing output up 0.4% in the month. For the quarter industrial production advanced at a 6.8% pace - the fastest quarterly growth rate in over three years. US housing starts fell by 9.8% in December - marking the biggest drop in nine months. US building permits fell by 3% in December. Weather may have played a part in the wea...
Federal Court Fines 2 Aussie Companies for Passing Off Made-in-China Solar Panels as Made in Australia
An Australian federal court fined two Aussie energy firms $125,000 for claiming the solar panels they were selling were made in Australia when it was really manufactured in China.
Australian Stock Market Report –Afternoon 1/17/14
The Australian share market closed slightly lower today as the banks and miners fought it out. Some great gains from the likes of BHP Billiton (BHP) and Rio Tinto (RIO) were offset by falls in the banking sector and from retail stocks. The All Ordinaries Index (XAO) finished the day's session lower by 3 points or 0.1 per cent to 5316.4 points.
New Zealand Dollar Reaches New Heights Against Australian Dollar
The New Zealand dollar broke records when it surpassed the Australian dollar due to weak jobs data in Australia and differences in interest rate outlooks between neighbour countries. The Kiwi dollar climbed as high as 94.80 Australian cents as it traded against the Aussie at 94.72 cents on Jan. 16. It is the highest climb of the Kiwi dollar in 8 years. The local currency soared to 83.44 U.S. cents from 83.29 cents as of the same day.
2015 Nissan Micra To Debut At Montreal Auto Show, Jan. 17-25
2015 Nissan Micra makes its very first appearance at the Montreal Auto Show on Jan. 17. The car is set to start a new era for Canadian customers to enjoy unbeatable value for their money.
Canada Excited for Charles, Camilla Royal Visit in May, At What Cost to Taxpayers?
Canadian Governor General David Johnston on Thursday announced the country will be having royal visitors in May. The Prince of Wales, Charles, and the Duchess of Cornwall, Camilla, will be visiting Manitoba, Nova Scotia and Prince Edward Island (P.E.I.) four months from now.
Australian Stock Market Report – Midday 1/17/14
The Australian sharemarket was up for the third consecutive trading session on the open; however the gains were short lived. The All Ordinaries Index (XAO) is now slipping by 0.2 per cent at lunch, with the miners the main supportive mechanism for stocks after 2.5 hours of trade. Weakness across almost all major sharemarkets last night and disappointing profit results from major U.S. financial institutions are contributing to the losses.
Global Markets Overview - 1/17/14
The AUD remains as one of the more interesting G10 currencies around, as it has again weakened against all 16 major trading pairs on what was one of the most disappointing employment change data releases in years.
Australian Stock Market Report – Morning 1/17/14
In US economic news, the NAHB housing market index dipped from 57 to 56 points in January, suggesting home builder confidence had faded a bit at the start of 2014, although most developers expected the housing recovery to continue. US jobless claims fell by 2,000 to 326,000 in the past week. US consumer prices posted the largest gain in six months, rising by 0.3% in December to be up 1.5% over the year. Core prices rose by a much more sedate 0.1%. The Chicago PMI was revised higher from 57.9 to ...
CEO Sam Walsh Caps 1Year Leadership of Rio Tinto With Record 266 Million Tonnes of Iron Ore Production
Rio Tinto (ASX: RIO) apparently has made the right decision in placing Sam Walsh at the helm of the company. A year after being appointed CEO, Mr Walsh has broken company records when he reported on Friday that the miner had produced 266 million tonnes of iron ore.
New Destinations for Air New Zealand as Carrier Inks Deal With Singapore Airlines
Passengers of Air New Zealand would soon have more destinations to fly to using the carrier. Reports said Air New Zealand would soon announce the major expansion of its routes and fleet on the heels of the airline inking a deal this week with Singapore Airlines, its erstwhile rival.
Large Power Users in Victoria, South Australia Could Suffer from Blackouts
The Australian Energy Market Operator (AEMO) warned on Thursday big power users in South Australia and Victoria of the possibility of massive blackouts due to the high demand for electricity caused by the heat wave.
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