BUSINESS

Good News is Bad News for the Stock Market

Equity markets have survived the last few years on the mantra that 'bad news is good news'. Each time GDP slowed, unemployment rose or confidence crumbled, stocks surged.

Floods Inundate Philippine Capital, Nearby Provinces (PHOTOS)

The Philippine government was forced to suspend offices and classes in 14 provinces, including in the capital Metro Manila, as tropical storm Maring (international name: Trami) maintained its strength and continued to enhance the southwest monsoon early Monday. The state forecasting weather agency has advised the 14 provinces to brace for severe flooding.
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The US Bond Market Expects an End to QE

Are we getting closer to the end of QE? The US bond market certainly thinks so. Overnight, the benchmark 10-year Treasury yield rose 14 basis points, to 2.72%. Market interest rates are now hovering around their highest levels in years.

Australian Stock Market Report – Afternoon 8/16/13

Australian stocks came under selling pressure on Friday, despite a strong rise on the Chinese share market. Another triple digit loss on Wall Street overnight impacted sentiment, while profit taking also seemed to be in vogue.

Chinese Kiwis Defend New Zealand Over Botulism Scare On Social Media

Chinese Kiwis in New Zealand are concerned about the country’s image in China in the wake of the recent botulism contamination scare. An analysis of social media in both countries has found an emerging group of Chinese residents in New Zealand vigorously defending the island nation from their fellow Chinese.

2013 Volkswagen Golf GTI Review

The Volkswagen Golf GTI is the stuff of legend as the benchmark hot-hatch, but does the all-new Mark VII carry the torch and live up to its predecessor?

What is Happening with American Airlines – US Airways Merger?

US Airways and American Airlines, which have been planning to combine the two airlines by the end of September, hit a major merger roadblock. The Justice Department filed a lawsuit on Tuesday to block the proposed $11 billion merger between American Airlines and US Airways, which would create the world's largest airline.

Samsung Gets Slapped with Labor Laws Violations by Brazil

The Labor Ministry of Brazil is filing a suit against Samsung, the world’s largest smartphone maker, over poor working conditions of the workers in its factory located in Manaus. The ministry is seeking damages to the tune of about $108 Million.

Australian Stock Market Report – Afternoon 8/15/13

The Australian sharemarket finished a touch lower, with the All Ordinaries Index (XAO) slipping by just 0.1 per cent or 4 pts. Continued concerns of Fed tapering in QE is still keeping investors on edge in the US, with the DOW slipping by 0.75 per cent.

Inflation The Key For Gold

By Jonathan BarrattSentiment in the gold market is turning. As we have mentioned a few times, do not lose faith in the trade.

Residents Oppose Expansion of Rio Tinto Coal Mine in NSW Hunter Valley

Angry Hunter Valley residents in the Australian state of New South Wales protested on Tuesday the coal mine expansion plan of mining giant Rio Tinto (ASX: RIO). The anti-mining protest was held on the day that the NSW Supreme Court heard arguments about the future of the Mount Thorley Warkworth coal mine.

Auckland Company Accused Of Abusing Migrant Workers

Auckland company E-Advance Limited is accused of exploiting migrant workers. The alleged victims claim that the employer, which helps migrants to find jobs in New Zealand, has been causing them “emotional and psychological stress.”

Australia Tops List of Nations Where it is Costly to Study, Canada is Cheaper

Students wanting to study overseas, particularly in Australia, either need to have been able to have saved a lot or at least able to maintain two jobs to be able to afford paying for their tuition costs and other expenses. According to a new research HSBC, Australia ranks the list of most expensive countries for oversea students, followed by the United States, United Arab Emirates and the United Kingdom. Canada is cheaper.

Dubai Airport Repairs to Cut Qantas Flights to Middle East, Europe (VIDEOS)

There would be lesser flights by Australian flag carrier Qantas to the Middle East in 2014 when the Dubai Airport undergoes runway repairs for three months. Dubai Airport authorities advised Qantas in April for the air carrier to reduce by 50 per cent its flights to the second-busiest international airport in the world while two runways would undergo maintenance.

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