BUSINESS

The US political jitters have settled somewhat, sending global markets sharply higher. Last night was the best one day session for American shares since December 2011, while the local market is having its best day in three months. The All Ordinaries Index (XAO) is up 1.6 per cent.

V8 Supercars Australia Day 2 and Day 1 recap: DJR Crashed in P5, Triple Eight dominates, Tim Slade Heavily Damaged, Jamie Whincup Still the Man to Beat

China is now the world's leading oil importer, surpassing the U.S. in September, according to latest data released by the latter's Energy Information Administration (EIA).

Australia’s very first F-35 underway its production in Forth Worth, Texas

BlackBerry officials may be in a frenzied state trying to find a solution to their floundering business, but some employees of the phone manufacturer based in Waterloo, Ontario, Canada, possibly couldn't care less.

Global media firm Thomson Reuters rolled out its Domestic Partners Eligibility policy in the Philippines. The policy recognises the live-in and same-sex partners of its employees as eligible for benefits under the company's healthcare plan, group life insurance and retirement plan.

Australia's unemployment in September may have gone down to 5.6 per cent from 5.8 per cent in August, but the drop was not a reflection of the change in federal leaders or an improvement in the economy.

By Greg PeelThe Dow rose 323 points or 2.2% while the S&P gained 2.2% to 1692 and the Nasdaq added 2.2%.

By Ashley JessenASX Top Gainers & Losers plus Market Snapshot - 11 October 2013Robust gains in the US, with the Dow Jones up 323 points or 2.

The key takeout from today's trade is that opportunistic buyers are not being bullied by the selling fraternity. In recent days the headlines from Washington have given sellers the edge although, they have only been prepared to chance their arm so far. The early session provide a good case study of this today.

Lenovo could be the saviour of HTC in smartphones wars if the Taiwanese company allows acquisition. HTC has been in trouble this year through several issues such as patent infringements and failure of One smartphone to beat Samsung Galaxy S4. If acquired, three possible benefits may bless HTC to get back its feet on the ground.

Leap Motion for Mac OS and Windows 7-8 gone on sale exclusively in Australia

Apple iPhone 5s and iPhone 5c arrive in more than 25 countries

Six workers of Japan's crippled Fukushima nuclear power plant have been directly exposed to leaking radioactive water. The Tokyo Electric Power Co (TEPCO), the plant's operator, on Wednesday said the unfortunate accident occurred due to carelessness when one of the workers detached a pipe connected to a water treatment system at the site.

Australian stocks are back in the red in early trade on Thursday, despite gains made on blue chip stocks in New York overnight. The US Dow Jones Index closed in positive territory after President Obama nominated current US Federal Reserve Vice-Chair Janet Yellen to succeed Ben Bernanke as Fed Chief when his term ends in January 2014. If endorsed by the Senate, Yellen will become the first female Federal Reserve Chair in the bank's 100 year history.

AUST Market opens lower in the morning Oct 10, fell lower in the afternoon

Microsoft just paid $100,000 to a hacker who successfully breached Windows 8.1 security. The hacker is James Forshaw, head of vulnerability research at Context Information Security.

New Zealand is expected to enjoy the strongest growth among the fastest-growing advanced economies in 2013 and 2013 based on the annual World Economic Outlook of the International Monetary Fund (IMF).

Member nations of the Association of Southeast Asian Nations (ASEAN) collectively agreed on Wednesday to share satellite data information that will monitor the haze development in each country in a bid to curb illegal fires and prevent its occurrence and spread in the region.

By Jonathan BarrattWe have been focused on the reasons as to why gold has not benefitted from US fiscal mismanagement.

The anticipated billionaire vs billionaire battle at the New South Wales Supreme Court between Gina Rinehart and Andrew Forrest did not happen on Wednesday. The reason is John Hancock, the estranged adult son of Australia's richest person, withdrew his nomination made by Mr Forrest as trustee of the $5-billion Hope Margaret Hancock Foundation to replace his mum.

Based on the estimated median wealth of $219,505, according to the Credit Suisse 2013 Global Wealth Report released on Wednesday, Australians are the richest people in the world.

Canadian Treasury Board President Tony Clement said the federal government would cite national security as reasons in scrutinising the potential buyer of Waterloo, Ontario-based BlackBerry in case it would be a foreign company.

By Greg PeelThe Dow closed up 26 points or 0.2% while the S&P gained a point to 1656 as the Nasdaq fell 0.

One of the more valuable aspects of the current market atmospherics is to see how the market performs when dealing with the headwinds being generated by US politics. Today, and not for the first time, the local index showed some mettle. Have been handed a poor finish on Wall St, the market started under duress, losing as much as 30 points in the first hour of trade. From that point however buyers slowly began to reel in the deficit. By the early part of the afternoon the market peaked at its bes...

Samsung Galaxy Gear watch ad resembles that of Apple iPhone TV ad of 2007

Australian Prime Minister Tony Abbott will meet his Indian counterpart Dr. Manmohan Singh on the sidelines of the India-ASEAN and the East Asia Summit Oct 9-10. Top on the agenda will be the need for finalisation of a nuclear deal between the two countries. The External Affairs Ministry has already said that the two countries are hoping to hold a third round of nuclear cooperation talks in Dec 2013.

8 police officers who risked their lives by entering a burning building in Wentworthville, New South Wales (NSW), Australia on Oct. 8, 2013 to help people who were trapped inside have been praised as heroes for their brave act. However, the man they saved, 36-year-old Jomaa Market store owner Chadi Jomaa, could be the one who started the fire in the first place.

A marine mammal park has been set to be constructed and launched within five years in Taiji, in Wakayama Prefecture on the south-west coast of Honshu. Visitors will get to swim alongside marine animals whales and dolphins. However, there's something more - visitors can also eat the animals' meat, a project sure to catch the ire of animal lovers and protectors.