The Bank of Canada monetary policy decision resulted in no change to the overnight lending rate which remained at 1.0pct. This was as expected. However, the BoC dropped its previous bias to lift the policy rate. This bias has been in place for a year. In other words the BoC has now moved to outright neutral. Inflation is now expected to remain low for longer, the level of economic activity is also lower than expected, while risks of further weakness in the economy are taking on increasing import...
Vittorio Hernandez
Oct 24, 2013
Real money as we know it arose along with marriage and the golden rule. These innovations allowed people to live together, peacefully, and to do business with one another. Trade, savings, investment, the division of labour - these are the bedrock innovations upon which modern capitalism rests.
Jamelle Agbuis
Oct 24, 2013
Although the Fed may realize (though I doubt it) that the current asset purchases have minimal impact on the real economy of the majority of American people, they probably think that continuous monetary stimulus is the lesser of two evils. This is a wrong assumption, in my opinion, because prices are rising far more than wages and salaries.
Jamelle Agbuis
Oct 24, 2013
By Greg PeelThe Dow closed down 54 points or 0.4% while the S&P lost 0.5% to 1746 and the Nasdaq fell 0.
Admin System
Oct 24, 2013
This week's theme is the global financial system. It's been around for 40+ years in its current guise. That is, since 1971 when Nixon reneged on the US government's promises to pay its debt in gold (or gold equivalent dollars).
Jamelle Agbuis
Oct 24, 2013
By Jonathan BarrattDashed hopes of tapering for the time being and even further stimulus efforts have spurred a more positive outlook for gold.
Admin System
Oct 24, 2013
Three events over the past 24 hours have influenced markets and currencies. Firstly, last night a report showed there were fewer jobs created in the US over Sept than many had hoped. This reduced the likelihood of an imminent tapering in the Fed's current stimulus strategy and also pushed markets and the Aussie dollar higher. Secondly, this morning, the latest Consumer Price Index (CPI) showed that prices rose by a more than expected 1.2 per cent over the September quarter; all but wiping out...
Vittorio Hernandez
Oct 23, 2013
Google seems to be burning huge amount of money on Motorola Mobility and according to experts, $1 billion could be the cost of what Google may face with Motorola each year. Know the possible reasons why Google purchased Motorola and keeps on financing its mobile division.
Ryan Inoyori
Oct 23, 2013
Google acquired FlexyCore and it is meant to make Android OS faster than ever. Android 4.4 KitKat will limit hardware requirements to support older devices once pushed. Is FlexyCore going to support Android 4.4 and Android 5.0 soon?
Ryan Inoyori
Oct 23, 2013
Diamond industry giant De Beers and Mountain Province Diamonds entered into a joint venture to develop the Gaheho Kue diamond mine in Northwest Territories.
Vittorio Hernandez
Oct 23, 2013
The All Ordinaries Index (XAO) is rising for the seventh straight day; up 0.2 per cent and sitting at around a five year high. This makes it the longest winning streak in nine months and comes courtesy of some worse than expected US jobs numbers overnight.
Vittorio Hernandez
Oct 23, 2013
Apple Oct 22 summary of official announcements
Athena Yenko
Oct 23, 2013
Optus warns Aussies to erase all personal data before trade-in
Athena Yenko
Oct 23, 2013
Google Launches Australian Fire Crisis Map
Athena Yenko
Oct 23, 2013
Thailand, known for its archaeological sites, sandy beaches, weekend and night markets, Buddhist temples and, of course, the traditional Thai massage, among others, wants to slap a 500-baht (AU$16.60) entry tax on tourists upon their arrival at the country. The government targets to implement the new fee effective January 2014.
Esther Tanquintic-Misa
Oct 23, 2013
A study by researchers from the University of British Columbia's School of Population and Public Health has found that at least 21,000 Canadians die each year due to air pollution.
Esther Tanquintic-Misa
Oct 23, 2013
By Peter Switzer, Switzer Super ReportFor all my subscribers who are getting worried about the soundness of Australian banks, well, I make one recommendation, and I do this with a heavy heart ? stop reading the Australian Financial Review!Don't get me wrong, I read this respected newspaper but ...
Admin System
Oct 23, 2013
Hans Tung of Qiming Ventures in the new partner of GGV Capital, a cross-border venture capital company that has its focus on China and the U.S. Mr Tung, a venture capitalist who support the Chinese phonemaker Xiaomi that is now growing valued at $10 billion, is the sixth general partner of GGV.
Vittorio Hernandez
Oct 23, 2013
NSW home owners can now easily gauge market interest for their property without committing to sell by registering with Nextforsale.com.au, an online platform launched this week.
Jamelle Agbuis
Oct 23, 2013
By Greg PeelThe Dow closed up 75 points or 0.5% while the S&P gained 0.6% to 1754 despite the Nasdaq only rising 0.
Admin System
Oct 23, 2013
Is Taiwanese phonemaker HTC following the footsteps of the once-giant Canadian tech firm BlackBerry? Reports said that the fortunes of the company that impressed the tech world with its HTC One smartphone is on a downhill, having lost 70 per cent of its market share and 90 per cent of its market capitalisation since its glory days in 2011.
Vittorio Hernandez
Oct 23, 2013
Tuesday afternoon trade for the ASX200 was marked by new highs being made in successive hours. The exception being the final hour of trade, when sellers gained some traction following comments from the Federal Treasurer. Mr Hockey spoke of the outlook for the 2013-14 Federal Budget deteriorating. The impact was modest and not enduring. The Aussie dollar dipped and recovered not long after the comments, although it had been in a downtrend all day. December 10-year bond futures were trading at 95....
Vittorio Hernandez
Oct 22, 2013
lobal sugar prices have risen to a one-year high after a fire broke out at several warehouses in the southern Brazilian port of Santos last Friday, destroying some 180,000 tons of sugar in the process.
Jamelle Agbuis
Oct 22, 2013
The animal cruelty revealed by a video secretly taken at a couple of Alberta farms is shocking, according to Mercy for Animals Canada.
Sounak Mukhopadhyay
Oct 22, 2013
Who would not want to work for big companies like Google, Apple, Microsoft and Facebook? But how could one get a job in these "most wanted employers' companies?"
Jaskiran Kaur
Oct 22, 2013
Analysts’ prediction for the Apple Inc Oct 22 Event
Athena Yenko
Oct 22, 2013
The ASX200 has been well supported in early trade on Tuesday. The index made successive highs in the first hour of trade. Significantly this price action was supported by solid volumes.
Vittorio Hernandez
Oct 22, 2013
Harbin City, capital of China's Heilongjiang province of 11 million people, has been enveloped by a chockfull of smog so thick authorities have been forced to cancel flights and suspend classes. Residents are scared out of their wits as the smog, expected to last for at least the next 24 hours, could become recurring as the country enters the winter season.
Esther Tanquintic-Misa
Oct 22, 2013
Facebook fixes status update glitch and allows graphic content to be posted again
Athena Yenko
Oct 22, 2013
Troubled Canadian phone maker BlackBerry released on Monday the BlackBerry Messenger apps for iPhone and Android users. The release is almost a month delayed because of problems.
Vittorio Hernandez
Oct 22, 2013