BUSINESS

Australian Stock Market Report – Afternoon 6/3/13

Sellers continued to make their presence felt in local trade on Monday ahead of a big week of economic news. The US will hold investor focus globally this week with several tier one data releases anticipated. The week will culminate with the main gauge of US employment, the Non-Farm Payroll report. Locally the menu is lighter by comparison although the RBA decision on Tuesday and the National Accounts data (GDP) on Wednesday will each have a significant bearing on investor sentiment.

China Chases the Bacon

Well if you didn't know that the mining boom had peaked, yesterday made it official. Capital spending fell 4.7% in the March quarter, according to the Australian Bureau of Statistics (ABS). The huge pipeline of resources investment has tapered off. If this is the case, one of the key supports of a strong Aussie dollar - big foreign capital flows for resource projects (especially LNG) - has been kicked out.

Apple Co-Founder Hits Out At Company’s ‘Unfair’ Tax Practices

Steve Wozniak, the co-founder of tech giant Apple Inc alongside Steve Jobs and Ronald Wayne, has described recent criticism of the company's taxes practices as "extremely warranted" and have called for big corporations to be treated the same as the "little guy", during a business conference in Northern Ireland on Thursday.

Australian Stock Market Report – Midday 6/3/13

The Australian sharemarket has kicked off the session in the red, following a tough end to the week in global markets. The ASX 200 Index (XJO) is down 0.1 per cent; however things could have been worse following a 1.3 per cent slump across the US on Friday.
More news

India Embitters with Slowest Growth Pace in Decade

India embittered some analysts as the officials informed that the country saw its growth slump to the slowest pace in a decade. The government's measures did not work and the Asia's third economy visibly slowed down, adding to the alarming news on the India's economic conditions.

Tesla Gathers Pace as it Plans New Charging Stations

Not unexpectedly, Tesla Motors Inc. is gathering pace as it has just announced that it will expand its charging stations. The advancement is aimed at giving the owners of electric cars the possibility of having a coast-to-coast ride. But the electric car producer had also a small surprise for its fans.

Low AUD A Positive Injection For Aussie Healthcare

- Falling AUD healthy for Aus Healthcare stocks- Brokers see steady rates as low as 0.96 near-term- CSL and ResMed to benefit most- Hedging limits upside for someBy Andrew NelsonOne Australian industry sector that is already enjoying the recent weakness in the AUD, at least in terms of positive fore...

Apple (AAPL) Investors: Is It Time to Let Go of Your Apple Shares?

The recent stock performance of Apple Inc. has left investors disappointed. The last six months saw the tech giant's share fell 22%. The company also suffered a double-digit loss this year. This happened even if S&P 500 rose to 15% during the same period. The loss reflects Apple's underperformance compared to last year's figures.

Motorola Working on Digital Tattoos, Password Pill

Besides releasing in October 2013 the Moto X smartphone, Motorola Mobility's first handset since it was acquired by Google, the company is working on new methods that would make remembering passwords unnecessary.

Australian Stock Market Report – Afternoon 5/31/13

May; A month which was charactarised by the US Federal Reserve signalling, tacitly or otherwise, that it was developing a strategy to exit its quantitative easing policy. The impact on the local market has been significant. The ASX200 has shed 4.7%, marking its worst decline in 12 months. Additionally there has been a precipitous decline in the Aussie dollar which has also dealt confidence a blow. The local unit has lost more than 7% in May.

Australian Stock Market Report – Midday 5/31/13

Up until just before lunch, the Australian market was improving for the third time this week. Global markets were up modestly overnight, with shares in the US up 0.1 per cent while the German market jumped by 0.8 per cent.

H&M Vows to Use Plus Size Fashion Models

Clothing retail giant H&M has promised to invest more on healthy or plus size models for its advertising campaigns. The company admitted that they previously focused on too-thin models becoming irresponsible in the process. For a change, the company’s newest advertising campaigns will be about healthier bodies.

Your Editor On Twitter

By Rudi Filapek-Vandyck, Editor FNArenaI joined Twitter. Not because I am curious what this celebrity has to say about her kids, or to read that another one is waiting for a connecting flight, impatiently.

Australian Investors Cautiously Optimistic

Investors in Australia have grown a little more cautious following double digit returns for equities since mid-2012, despite having only sparingly participated in the rally.

£6bn Chinese Asian Business Gateway at Royal Albert Dock

Touted as one of the largest investment to be made by ABP China Holding Group, the new business gateway, which is to be developed on 35-acres of Royal Albert Docks by the company, will be the 'third largest financial district in the capital.' A news byte by Greater London Authority discusses the project and underlines that the venture would generate £23 million in business annually.

UK Saw Home Prices Increase in May, Nationwide Reports

The property market is slowly recovering as the mortgage lender announced that the UK saw home price increase mildly in May. In fact, the country witnessed the fastest annual rate in 18 months as official initiatives started bearing fruits.

Australian Stock Market Report – Afternoon 5/30/13

Local shares slumped by 0.9 per cent today, comfortably wiping out the previous two sessions of gains. The falls were partly due to the Organisation for Economic Cooperation and Development (OECD) cutting growth forecasts for the global economy overnight.

Apple (AAPL) Saves Billions in Taxes Thanks to Irish Woman Accountant

Cathy Kearney, 49, works for Apple Operations International in the city of Cork. Kearney is in charge of Apple's successful operations in Ireland. Apple's subsidiary in Cork is responsible for selling iPhones, iPads and Macbooks to African, European and Middle Eastern markets.

Pages