BUSINESS

Australian Stock Market Report – Afternoon 8/8/13

The Australian share market had a solid recovery on Thursday, boosted by healthy China trade data, a solid result from Telstra (TLS) and as Australia's unemployment rate remained steady at 5.7 per cent.

Telstra Corp. Outperforms Rivals, Beats Analyst Expectations in Profit Growth

Australia's largest phone company, Telstra Corp,, beat analyst expectations with a surge in profits due to the increasing number of users for its 4G network. The growth boosted Telstra's share in the mobile phone market to almost 50 per cent.Telstra's net income rose to 12 per cent at $AU3.8 billion in the fiscal year ended June 30 compared to $AU3.41 billion twelve months earlier. The Melbourne-based company released its latest financial data in a statement on August 8. The pos....
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Canada Calls for More Blood Donations

Canadian Blood Services has made a desperate call to all health and able-bodied Canadian to donate blood to avert the looming potential shortage in its national reserves.

Will The Election Be Good For Stocks?

By Peter Switzer, Switzer Super ReportLeaving aside your political leanings, the crucial question for a newsletter like this is ? what election outcome is best for your super fund? I will narrow it down to the stock market effect of a Rudd or Abbott victory, leaving out the alternative inflation con...

New Nexus 7 Beats iPad Mini in Torture Test (VIDEOS)

Since the recent release of Google's Nexus 7 out in the market, the 7-inch device has often been compared to the iPad mini. However, most of the comparison are on the technical aspect. Square Table decided to give the two devices another kind of test - the torture test which was handily won by the Nexus 7. Square Table is a provider of tablet and gadget warranties.

Australian Stocks: What Happened Today?

By Ashley Jessen8 August 2013 ASX Market Summary ? Invast Financial ServicesFurther tapering talks muddied the US trading session to provide a gloomy outlook for the day but investors took no notice whatsoever, managing a buoyant trading session, following yesterday's large sell off, leaving th...

Australian Stock Market Report – Midday 8/7/13

The Australian sharemarket is in the red, with the All Ordinaries Index (XAO) down by 1.1 per cent. This is the longest losing streak for local shares since late June this year. The index is down by around 1.3 per cent since the start of this week.

McDonald’s Employees Wage Not A Problem In Australia; Macca’s Staff Paid Almost $15/Hr

McDonald’s in the U.S. is having a conundrum of Big Mac proportion these days, and neither the franchisers nor the employees are lovin’ it. But while staff workers of the American burger chain are fighting for higher hourly wage, their Australian counterparts are not crying the same complaints. They are already earning almost $15 an hour, and they are about to earn more.

Australia’s Shadow Banking Sector is Collapsing

Plenty of amusing stories are making the rounds today. Like the bond salesman who fooled Royal Bank of Scotland into thinking he had access to wealthy clients. After touring their trading floors and meeting clients and executives, it turned out the oddly named KK Ho wasn't a bond salesman after all. Just an employee facing an imminent layoff.

A Dark Horse Candidate to Replace Ben Bernanke

Markets continued their summer trading behaviour last week. Up a little, down a little...meandering...strolling...not in a hurry to get anywhere. The end of the week found the Dow about where it began...and gold a bit lower.

Reserve Bank of Australia's Rate Cuts May Cause Housing Bubble in Australia

The Reserve Bank of Australia's recent rate cut may have unintended economic effects although the move was spurred with the intention of helping the Australian economy cope with the fading mining boom. Recent history has shown proof that central bank actions can lead to dire consequences. Economists fear a looming housing bubble.

In China, It’s Xiaomi That’s Preferred Smartphone Maker Over Apple

Apple Inc apparently has lost its days of glory in China. A latest survey released by research firm Canalys showed Xiaomi, one of China's low-end smartphone makers, has outbumped Tim Cook's Apple in the country's smartphone ranks to capture the No. 6 spot. Apple Inc slid to No. 7.

Australian Stock Market Report – Afternoon 8/6/13

As expected by nine out of 10 forecasters, the Reserve Bank (RBA) decided to cut interest rates by 25 bps to 2.5 per cent today. This makes it the very first rate cut by the central bank during an official election campaign period.

Reserve Bank of Australia Cuts Interest Rates to 2.5%, Australian Dollar Jumps After Rate Cut

The Reserve Bank of Australia has cut interest rates to a record low of 2.5 per cent during its board meeting for the month of August. The latest interest rate cut is the first since the Reserve Bank has declared a 25-point cut in May 2013 when the Australian dollar was above parity with the U.S. dollar. This is also the second time interest rates have been cut in an ongoing election campaign.

Infosys Accused of Employee Discrimination, Former Worker Repeatedly Called "Stupid American"

IT outsourcing firm Infosys has been accused of discrimination against "stupid Americans" and is currently facing a class-action lawsuit. The lawsuit was filed by VMware specialist Brenda Koehler in the U.S. District Court in Eastern Wisconsin who claimed that Infosys has been abusing the visa system and actively discriminates against hiring American workers for staff positions.

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