BUSINESS

Australian Stock Market Report – Afternoon 5/23/13

The Australian sharemarket had its worst day in two months, pushed lower by Ben Bernanke's much anticipated testimony before congress last night. The All Ordinaries index (XAO) slumped by 2 per cent, adding to yesterday's 0.27 per cent losses.

Ford to Close Plants, 1200 Australians to Lose Their Jobs

Hundreds of Ford workers in Australia were in shock as the company announced its plan to shut down operations by October 2016. As the news broke out, hundreds of workers were devastated. It did not matter whether they worked there since three decades back – people will lose their jobs in three years time.

Ford Formalizes Closure of Australian Plants: Telltale Signs Strong in 2012

The telltale signs have already been there as early as 2012. It was just a matter of when will Ford Australia finally collect its guts to formally announce the closure of its manufacturing plants in Australia. That time came on Thursday as Ford Australia finally confirmed it is closing down and letting go 1200 jobs in the process.
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Losing The Loser's Game

By Tim Price"The first panacea for a mismanaged nation is inflation of the currency; the second is war.

Japan Exports Adden as Trade Deficit Widens in April

Japan's exports sadden as they increased less than expected in April while the country's trade deficit expanded significantly in the month. The Japan's economy has a long way ahead to finally revive, but it seems that the weaker yen has not started bearing fruits yet. The disappointing results for April were mainly driven by weak demand from key trading partners, including the European Union and China.

Ford Bets on North America as it Increases Production

Ford Motor Co. is having its good days and it simply wants to take advantage of growing demand for cars in North America. Thus the US-based automaker informed that it decided to increase production at its car plants located in North America, thereby cutting the summer shutdown.

Is A Gold Low In Place?

By Jonathan BarrattWe have been talking about gold consolidation for sometime, and the price action over the last few trading sessions has been supportive of a low.

The Warning Signs for Australia’s Economy

Now's not the time to buy, but it's certainly a time to do your research and work out who will continue to perform well in a more subdued spending environment. The question is though, just how subdued will the spending environment become as the China rebalancing story plays out over the next few years?

Is A Steady State Economy Possible?: Gail Tverberg

A Steady State Economy is one that seeks to balance growth with environmental integrity by maintaining stable or mildly fluctuating levels in population and consumption of energy and materials. In our current global scenario - with population and demand for resources rising - what would it take to achieve a steady state economy?

Australian Stock Market Report – Midday 5/22/13

The Australian share market is trading slightly lower in the early session, despite record highs being reached on Wall Street overnight. The US Dow Jones Index made it 19 consecutive Tuesday wins, while the broader share market and NASDAQ Indices were higher for the 9th consecutive Tuesday.

Could Roger Be Wrong On BHP?

By Peter Switzer, Switzer Super ReportBy Peter Switzer founder and publisher of the Switzer Super ReportFor those caught in a "will I or won't I go long BHP Billiton" at these levels, the tennis tournament between Roger Montgomery and my fanatical BHP Billiton supporter, who I nicknamed the BHP...

Best Places to Buy the Surface Pro in Europe

Microsoft's well-received tablet, the Surface Pro, is scheduled to make its debut in several countries in Europe and other western nations, including Australia, before May ends.

Australian Stock Market Report – Afternoon 5/21/13

The selling that marked the early part of the session subsided in the early afternoon and the ASX200 was able to finish off the lows of the day. Although profit warnings from a number of companies saw investors reflect on the broader earnings picture at present.

Apple (AAPL) Tweaks Prices to Gain Foothold in India

Desperate to gain a foothold in India, one of the world's fastest growing population and urbanizing economies, Apple Inc has been adjusting its marketing strategy in that country, even tweaking its notoriously high prices to gain market share.

Reflection Time For Dollar Bulls

By Kathleen Brooks, Research Director UK EMEA, FOREX.comIt's been pretty slow-going today as economic data has been thin on the ground.

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