The Australian dollar dipped to a 19-month low on Wednesday up to 95.28 U.S. cents late afternoon after the release of strong American economic data. The rate was the currency's weakest since Oct 5, 2011.
Apple Chief Executive Officer Tim Cook shattered the Google Glass as having a limited appeal, but hinted at the same time the Cupertino-based firm will soon release a wearable technology.
The Australian share market closed modestly higher on Wednesday, as gains from mining players offset weakness in the financial sector.
The world's only known working anti-viral flu drug Tamiflu has been rendered ineffective against the bird-flu strain H7N9 virus. Essentially, the virus has mutated. It won't be long before global pandemonium erupts unless a new effective drug is created and immediately made available to humans.
The Australian sharemarket was up by 0.25 per cent in early trade, making it two straight days of gains. The improvement was short lived however, with stocks down a few points at lunch. The ASX200 Index has remained below 5000.0pts since late last week.
The annihilation of UK High Streets nears, according to the newest report. According to estimates, one in five stores in the UK would close by 2018, leaving more than 300,000 jobless. This alarming tendency, which has been already observed on High Streets, is driven by not only harsh economic conditions but also the growing popularity of online shopping.
Chevron Corp., the US's second largest oil company, stays rather optimistic on its LNG projects located in Australia as the Gorgon LNG development is in 60 percent finished.
The first Google Glass is in Australia thanks to a local consultancy firm with plans to develop workplace safety applications using the device.
Nena Hallasgo has been in Taiwan for seven years and the whole time she has been working in the country, the 43-year-old native of Cagayan de Oro City has never experienced more sleepless nights these days than she had ever before. The sleepless nights resulted from the fatal shooting of a Taiwanese fisherman by the Philippine Coast Guard. The fear, emanating from the shooting incident, has resonated to hundreds and thousands of other OFWs currently based in Taiwan.
By Greg PeelThe sharp sell-off in Australian and other global equity markets in the past few days has highlighted the vulnerability of equities, notes Citi, to a tapering off of liquidity being provided by the Fed.
New 17-months lows of USD 0.9570, AUD breaks stop and drops below 0.9600 within minutes this morning.
Beginning Wednesday, May 29, Australian supermarket giant Woolworths is cutting the price by up to 33 per cent for hundreds of grocery items as it renews its price war with competitor Coles.
Looking at the graph of the ASX 200 from the last two weeks, the term 'don't catch a falling knife' certainly springs to mind.
In US economic news the S&P Case/Shiller home price 20-index posted a 1.1pct gain in March taking annual growth up to 10.9pct, back at a double-digit pace for the first time since 2006.
Australia registered a $367 million trade surplus in the first quarter of 2013, indicating that the country is entering the third phase of the resources boom. The figure means exports are shifting to mining exports from mining investments as imports of construction machinery dipped 44 per cent.
By Greg PeelThe Dow closed up 106 points, or 0.7%, while the S&P gained 0.6% to 1660 and the Nasdaq added 0.
The Commonwealth Bank of Australia's (CBA) competitors are no longer just Westpac, ANZ Bank and the National Australia Bank (NAB), but also tech firms such as Apple and Google, CBA Chief Executive Ian Narev said on Tuesday.
Investors have pushed the market slightly higher for the first time in six sessions, with the All Ordinaries Index (XAO) up by a modest 0.2 per cent or 12 pts to 4950.6.The moves have been indecisive so far this week, with the closure of US and UK markets due to holidays overnight.
China saw its industrial profit climb in April as the energy and automotive sectors visibly accelerated. Yet the Chinese officials pour cold water on hopes that the economy will recover at the faster pace.
The Australian share market is making gains in early trade, following five sessions of losses and a lacklustre offshore lead.
Green investments are gaining traction in the business world. Find out more about green investments and learn about the 4 factors you need to consider before investing.
China's imports of Thai rice or grains is expected to surge in the following weeks after the recent discovery of cadmium metal contamination in the grains marketed by Hunan, China's largest rice-producing province.
Chinese citizens may already be getting rich enough to afford international overseas trips and visits, but wealth is by no means a safeguard to conduct misbehaviour in other lands. Ding Jinhao, a lucky Chinese teener who had the opportunity to visit and personally see for himself the famed centuries-old Luxor Temple, has gotten the ire of Chinese netizens after he desecrated and vandalized the Egyptian artwork a few years back.
It may be too early to pinpoint what Amazon is doing but ongoing rumors suggest the web-based retail giant is planning on competing with the web giant Google. It may not just be Google – Amazon’s plans seem to incorporate everything from Walmart to Facebook and Yahoo.
By Peter Switzer, Switzer Super ReportNewspapers can't help themselves ? they're running a scare campaign using headlines like "markets in turmoil".
Woodside Petroleum is set to announce that it will pursue a floating liquefied natural gas (LNG) plant for its Browse project. By selecting that option, Woodside and its partners, Shell and BHP Billiton, are abandoning initial plans to construct an offshore plant at James Price Point which would have cost the company at least $50 billion.
By Andrew NelsonLast week was a slightly busier one in terms of the deals concluded and the amount of stock shipped on the global spot uranium market.
From search engine, Google entered into manufacturing of devices and is now foraying into the wireless network business, completing the cycle of IT connectivity. Reports said that Google will fund and help run wireless networks in emerging markets, specifically SubSaharan Africa and Southeast Asia.
Samsung officially announces a special event in London on June 20 for new Galaxy and ATIV products. Here are some of the new mobile products speculated to be launched on that big day.
By Greg PeelThe Australian market opened yesterday the same way it had closed last week ? weak. The foreign exit continued in the morning and provided for another 1% fall before the market finally rediscovered some buying interest, ensuring a less dramatic 0.
