BUSINESS

All around the world, the smoldering heat wave continues to break and set records from end to end of the globe.

New Zealand dairy giant Fonterra continues to feel the impact of the botulism scare on its global consumers when milk prices dropped during the auction organised by its Co-operative Group on Tuesday. The Fonterra GDT Price Index dipped 2.4 per cent as average selling price stood at $4,847 per tonne even if no product that uses the contaminated whey were included in the bids.

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.

In a bid to tone down the botulism scare caused by the discovery of bacteria in whey produced at its Waikato plant, Fonterra assured New Zealanders that the risk of acquiring botulism is only one in a million.

By Greg PeelThe Dow closed up 27 points or 0.2% while the S&P gained 0.4% to 1697 and the Nasdaq added 0.

Apple iOS' market share plummeted to the advanatge of Windows Phone and Android

The Australian share market had a solid recovery on Thursday, boosted by healthy China trade data, a solid result from Telstra (TLS) and as Australia's unemployment rate remained steady at 5.7 per cent.

Australia's largest phone company, Telstra Corp,, beat analyst expectations with a surge in profits due to the increasing number of users for its 4G network. The growth boosted Telstra's share in the mobile phone market to almost 50 per cent.Telstra's net income rose to 12 per cent at $AU3.8 billion in the fiscal year ended June 30 compared to $AU3.41 billion twelve months earlier. The Melbourne-based company released its latest financial data in a statement on August 8. The pos....

The Alberta Energy Regulator gave on Tuesday its conditional approval application of Athabasca Oil Corp for the Dover Oil Sands Project despite a request by the Fort McKay First Nation for a 20-kilometre no-development setback.

As China steps up measures to combat its growing air pollution from out of proportions, imposing excessive rates on automotive license plates to encourage residents from buying additional units, local Chinese auto makers are unfortunately being driven to extinction.

The spotlight is on the New Zealand dollar as the country's largest dairy exporter was hit by a botulism scare which caused a slump in the Kiwi dollar earlier this week. As New Zealand's premier brand Fonterra was hit by import restrictions of products in China and other countries, the Kiwi dollar had a rare break from its strong momentum and plunged to its year low.

The Australian share market is rebounding from yesterday's falls, thanks to a strong result from Australia's largest telco Telstra (TLS) and as the unemployment rate remained steady at 5.7 per cent in July.

Effective Oct 28, 2013, Canadians heading for pilgrimage, expatriates and even students may now fly direct to Saudi Arabia.

Canadian Blood Services has made a desperate call to all health and able-bodied Canadian to donate blood to avert the looming potential shortage in its national reserves.

By Peter Switzer, Switzer Super ReportLeaving aside your political leanings, the crucial question for a newsletter like this is ? what election outcome is best for your super fund? I will narrow it down to the stock market effect of a Rudd or Abbott victory, leaving out the alternative inflation con...

Despite the recent collapse of an international cartel that could cause a plunge in prices of crop nutrient potash, BHP Billiton (ASX: BHP) is still open to the idea of constructing a $14 billion potash mine in Saskatchewan, Canada.

Since the recent release of Google's Nexus 7 out in the market, the 7-inch device has often been compared to the iPad mini. However, most of the comparison are on the technical aspect. Square Table decided to give the two devices another kind of test - the torture test which was handily won by the Nexus 7. Square Table is a provider of tablet and gadget warranties.

Seven-inch tablets are the rage in the tech world currently, and there are two such devices coming out soon. Tech experts point to the upcoming Kindle Fire HD as the gadget worth waiting vis-à-vis the Nexus 7 from Google.

Until last week, New Zealand's dairy industry was king of the global dairy world, especially in China where its billion population needs a substantial amount of quality milk product that middle-class Chinese didn't mind paying a few more yuan for the white liquid with the Made-in-New Zealand tag.

By Greg PeelThe Dow closed down 48 points or 0.3% while the S&P fell 0.4% to 1690 and the Nasdaq lost 0.

By Ashley Jessen8 August 2013 ASX Market Summary ? Invast Financial ServicesFurther tapering talks muddied the US trading session to provide a gloomy outlook for the day but investors took no notice whatsoever, managing a buoyant trading session, following yesterday's large sell off, leaving th...

A big fire on Wednesday burned down Kenya's Nairobi International Airport. As a result, the most important and busiest gateway in East Africa handling 16,000 travelers daily was closed as flights were diverted to other airports. The airport is expected to remain close for a few days.

The Australian share market had its worst session since early July today, as investors sold out of equity markets on fears the US Federal Reserve could soon start winding back its QE3 stimulus program.

TransCanada will transport 2 billion cubic feet of natural gas daily as part of the C$1.5 billion agreement it signed with Progress Energy, a Malaysian company.

The Australian sharemarket is in the red, with the All Ordinaries Index (XAO) down by 1.1 per cent. This is the longest losing streak for local shares since late June this year. The index is down by around 1.3 per cent since the start of this week.

McDonald’s in the U.S. is having a conundrum of Big Mac proportion these days, and neither the franchisers nor the employees are lovin’ it. But while staff workers of the American burger chain are fighting for higher hourly wage, their Australian counterparts are not crying the same complaints. They are already earning almost $15 an hour, and they are about to earn more.

Callum Newman's weekend Daily Reckoning took on a whole new meaning this morning. The Australian Financial Review reports that China just stopped all imports of milk powder from New Zealand.

The White House is casting about for a new Federal Reserve chairman. Three candidates have their mouths open, hoping to snag the hook: Janet Yellen, Larry Summers and Don Kohn.

Plenty of amusing stories are making the rounds today. Like the bond salesman who fooled Royal Bank of Scotland into thinking he had access to wealthy clients. After touring their trading floors and meeting clients and executives, it turned out the oddly named KK Ho wasn't a bond salesman after all. Just an employee facing an imminent layoff.