BUSINESS

New Zealand Company GoogleDirectory Under Investigation

Kiwi company GoogleDirectory is under investigation by the Auckland Police. The Internet directory service, which is not connected with the Web heavyweight Google, is the subject of several fraud complaints from businesses.

Australian Stock Market Report – Midday 8/21/13

The Australian sharemarket is a little higher after a 0.6 per cent slump yesterday. The All Ordinaries Index (XAO) is up 0.2 per cent. Most sectors are higher; however significant weakness in the mining and energy sectors is holding the market back.
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Australian Stock Market Report – Midday 8/20/13

The Australian share market has come under selling pressure at lunchtime in the East, after Wall Street recorded another session of losses overnight and insurer QBE Insurance (QBE) missed expectations with its earnings result.

Uranium Sags Once More

By Greg PeelIt is not always easy to push a large order through an actively traded, exchange-listed market without having an influence on the price in that market.

Australia’s Economy: Complex, Fragile or Centralised?

Complex things are more fragile, says Nassim Taleb, author of the books The Black Swan and Antifragile. Your computer and its misbehaviours are daily proof. You can click on the same button as yesterday only to get completely different results. And encoded error messages are absolutely no help.

Australian Stock Market Report – Afternoon 8/19/13

The flat result for local stocks appears unflattering, although it was a solid result considering that Telstra and the CBA went ex-dividend , which took 20 points off the market.

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.

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.

The Flip Phone Returns Via Samsung Hennessy

The flip phone is back, and behind its return is not Google's Motorola which was famous for its Razr line of flip phones, but South Korean tech giant Samsung.

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.

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