BUSINESS

The Australian share market is rebounding from yesterday's falls, thanks to a strong result from Australia's largest telco Telstra (TLS) and as the unemployment rate remained steady at 5.7 per cent in July.

Vittorio Hernandez Aug 08, 2013

Effective Oct 28, 2013, Canadians heading for pilgrimage, expatriates and even students may now fly direct to Saudi Arabia.

Esther Tanquintic-Misa Aug 08, 2013

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.

Esther Tanquintic-Misa Aug 08, 2013

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...

Admin System Aug 08, 2013

Despite the recent collapse of an international cartel that could cause a plunge in prices of crop nutrient potash, BHP Billiton (ASX: BHP) is still open to the idea of constructing a $14 billion potash mine in Saskatchewan, Canada.

Vittorio Hernandez Aug 08, 2013

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.

Vittorio Hernandez Aug 08, 2013

Seven-inch tablets are the rage in the tech world currently, and there are two such devices coming out soon. Tech experts point to the upcoming Kindle Fire HD as the gadget worth waiting vis-à-vis the Nexus 7 from Google.

Vittorio Hernandez Aug 08, 2013

Until last week, New Zealand's dairy industry was king of the global dairy world, especially in China where its billion population needs a substantial amount of quality milk product that middle-class Chinese didn't mind paying a few more yuan for the white liquid with the Made-in-New Zealand tag.

Vittorio Hernandez Aug 08, 2013

By Greg PeelThe Dow closed down 48 points or 0.3% while the S&P fell 0.4% to 1690 and the Nasdaq lost 0.

Admin System Aug 08, 2013

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...

Admin System Aug 08, 2013

A big fire on Wednesday burned down Kenya's Nairobi International Airport. As a result, the most important and busiest gateway in East Africa handling 16,000 travelers daily was closed as flights were diverted to other airports. The airport is expected to remain close for a few days.

Vittorio Hernandez Aug 07, 2013

The Australian share market had its worst session since early July today, as investors sold out of equity markets on fears the US Federal Reserve could soon start winding back its QE3 stimulus program.

Vittorio Hernandez Aug 07, 2013

TransCanada will transport 2 billion cubic feet of natural gas daily as part of the C$1.5 billion agreement it signed with Progress Energy, a Malaysian company.

Vittorio Hernandez Aug 07, 2013

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.

Vittorio Hernandez Aug 07, 2013

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.

Anne Lu Aug 07, 2013

Callum Newman's weekend Daily Reckoning took on a whole new meaning this morning. The Australian Financial Review reports that China just stopped all imports of milk powder from New Zealand.

Jamelle Agbuis Aug 07, 2013

The White House is casting about for a new Federal Reserve chairman. Three candidates have their mouths open, hoping to snag the hook: Janet Yellen, Larry Summers and Don Kohn.

Jamelle Agbuis Aug 07, 2013

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.

Jamelle Agbuis Aug 07, 2013

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.

Jamelle Agbuis Aug 07, 2013

In a deal that has shocked the industry the Seattle billionaire Jeffrey Bezos known for creating one of the Internet's most innovative companies has bought the Washington Post for $250 million.

Jamelle Agbuis Aug 07, 2013

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.

Reissa Su Aug 07, 2013

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.

Esther Tanquintic-Misa Aug 07, 2013

Days after the U.S. and UK suspended the operations of its global network of embassies and consulates, U.S. intelligence officials disclosed the terrorist group Al Qaeda may have already developed a liquid explosive highly undetectable even by the most sophisticated scanning machines.

Esther Tanquintic-Misa Aug 07, 2013

As previously expected, international dairy prices dropped at the first GlobalDairyTrade auction after Fonterra's botulism scare that resulted in China declaring an import ban on some of the company's milk products.

Reissa Su Aug 07, 2013

From banning the entry of contaminated whey from Fonterra, China and other Asian nations have taken the botulism scare a step higher by recalling infant milk products.

Vittorio Hernandez Aug 07, 2013

Even if Australia's richest person, Gina Rinehart, has extended the olive branch of peace to her two estranged adult children, chances of the bitter and much publicised family feud coming to end appears weak.

Vittorio Hernandez Aug 07, 2013

By Greg PeelThe Dow fell 93 points or 0.6% while the S&P lost 0.6% to 1697 and the Nasdaq dropped 0.7%.

Admin System Aug 07, 2013

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.

Vittorio Hernandez Aug 06, 2013

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.

Reissa Su Aug 06, 2013