BUSINESS

Global Markets Overview – 7/4/13

Markets regained some ground in US trade with event risk ramping up as we approach the business end of the week. Sentiment had remained subdued in European trade with the key issues being Portugal's political issues, Greece's bailout drama and a level of cautiousness ahead of the ECB. In US trade, sentiment picked up on the back of a much better than expected ADP non-farm employment change print. The reading showed 188,000 jobs were created versus estimates of around 161,000. Unemployment ...
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Australian Stock Market Report – Afternoon 7/3/13

Local stocks saw their best gains in 19 months on Tuesday. That improvement was a distant memory on Wednesday with the index handing back the lion's share of yesterday's gains. It would be convenient to invoke weaker economic news locally and selling for regional markets as some of the factors informing todays selling, although the case would struggle to hold water on that basis alone. What is clear is that the neck wrenching volatility that has characterised recent days has left investors...
Vittorio Hernandez Jul 03, 2013

Intel (INTC) To Release Monster Chip Skylake, Haswell Processors Outdated Already?

Intel's (INTC) Haswell chips have changed the standards for portable computing. They offered incredible improvements, especially in speed and battery efficiency of laptops. The processors doubled their peak floating point throughout but Intel has a knack for bringing for surprising the industry. Their latest Skylake offering is a monster than will blow up standards once more.
Precious Silva Jul 03, 2013

Retail Spending Lower-Than-Expected But New Home Sales Signals Recovery

Retail Shares were down in early trading on Wednesday after reports confirmed a lacklustre 0.1 per cent growth in the sector. In another report indicating the strength of the economy, sales of new homes were up 1.6 percent in May adding to a cumulative increase in the last four months.
Jacob Cherian Jul 03, 2013

Australian Dollar Continues to Weaken Despite $670 Million Trade Surplus

The Australian dollar weakens further despite rallying slightly after the nation has posted a fourth consecutive month of trade surplus. On Wednesday, the Australian dollar traded at 91.62 U.S. cents, lower than Tuesday's exchange rate of 91.83 cents. Official data indicates Australia's trade balance last May maintained its positive streak for four months in a row with a surplus worth $670 million.
Reissa Su Jul 03, 2013

Australian Stock Market Report – Midday 7/3/13

The Australian market continues on its bumpy ride this week, with investors not keen to back up yesterday's stellar rise. The All Ordinaries Index (XAO) is down 1.8 per cent, with all sectors trading in the red. Despite the big falls, keep in mind that Tuesday was the best day for local shares since October 2011. The miners were the standout performers yesterday, but are slumping most at lunch. Last night, most markets eased despite FOMC President Dudley reaffirming his previous comments that...
Vittorio Hernandez Jul 03, 2013

HIA Dismayed with Reserve Bank of Australia's Decision to Hold Interest Rates

The Housing Industry Association (HIA) is disappointed with Reserve Bank of Australia's decision to keep interest rates steady for at least another month. The RBA has recently announced on Tuesday that it can possibly keep cash rates for another month as a weak Australian dollar reduces the need to cut rates.
Reissa Su Jul 03, 2013

A Smartphone That Can Detect Your Mood? Microsoft Has One

Microsoft is working on a revolutionary smartphone that is not about speed and better HD display rather; it is focusing on a mobile device that can tell a person’s mood. The smartphone technology not only senses individual moods, but it can also automatically share it over different social networking sites.
Precious Silva Jul 03, 2013

Apple Inc Failed to Pay UK Taxes, France Offices Raided

Apple Inc has been accused of tax avoidance in the U.S. and other countries and this time, alleged reports have surfaced regarding the company's non-payment of UK taxes during the 2012 fiscal year. According to reports, Apple even had tax credit which can be used in the coming years.
Reissa Su Jul 03, 2013

Australian Dollar Outlook - 7/3/13

The Australian Dollar has remained reasonably steady overnight following some more US Dollar strength for a variety of reasons.
Vittorio Hernandez Jul 03, 2013

Global Markets Overview - 7/3/13

Once more choppy trade is defining the start of the new financial year.The US and Europe both suffered from low volume trading and sporadic price action last night, as both sides of the Atlantic slip into the red for the first time this week.
Vittorio Hernandez Jul 03, 2013

Australian Stock Market Report – Afternoon 7/2/13

Strong turnaround as RBA leaves rates at historic lows. The Australian share market has made a solid turnaround today, spurred by positive offshore gains and the Reserve Bank of Australia's decision to leave interest rates on hold at 2.75 per cent.
Vittorio Hernandez Jul 02, 2013

Australian Stock Market Report – Midday 7/2/13

After a dismal start to the new financial year, the Australian share market is rebounding today on the back of positive offshore moves and ahead of the RBA's rate announcement this afternoon.
Vittorio Hernandez Jul 02, 2013

Ford Focus Sport Review

The Ford Focus has been one of the best small cars to drive ever since it reached Australian shores in 2002.
Jamelle Agbuis Jul 02, 2013

Key Economic News To Watch This Week: July 1

This week, Croatia officially joins the European Union while the North Korean nuclear and missile threat is the subject of an ASEAN security forum.
Jamelle Agbuis Jul 02, 2013

BMW i3 Patent Sketches Revealed

BMW has revealed patent sketches of its new i3 model this week, originally publicised by French Automotive magazine L'Automobile.
Jamelle Agbuis Jul 02, 2013

The US Federal Reserve’s Lies and Other Redundancies

A new meme is spreading in financial markets: The US Federal Reserve is about to turn off the monetary spigot. US Printmaster General Ben Bernanke announced that he might start reducing the monthly debt monetisation program called 'quantitative easing' (QE) as early as autumn 2013, and maybe stop it entirely by the middle of next year.
Jamelle Agbuis Jul 02, 2013

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