BUSINESS

The Amusing Trade Data Out of China

What a strange world it is where global capital flees persecution by global central banks into the safety of the high priced Dow and the S&P500. Overnight, we saw another record high in the US indexes. As Dan Denning has been saying, we're in for a global melt-up in the big blue chips as capital seeks a refuge at the 'core' of the financial system.

Secret Agents Will Destroy Us All

A mood of prophecy, perhaps brought on by a large helping of osso bucco from our local Italian restaurant, came over us last night. We looked into the future. And there we saw a grim world.

The Great Game of Interest Rates and Inflation

It's taken a while, but the RBA has joined the international currency war by cutting official interest rates to an all-time low. We're not sure whether it will have the desired effect or not. Chances are we'll need further interest rate cuts to really see the dollar fall to a point where it starts to relieve pressure on various dollar sensitive industries.

Tesla Electric Model S Drives Profits in First Quarter

Tesla Motors Inc., the electric car manufacturer, has finally broken even, seeing surprisingly encouraging profits for the first quarter of 2013. This definitely has beaten expectations of poor sales which were widely expected.
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HTC First Costs 99 Cents Only from AT&T; Reason Why it's So Cheap

HTC First keeps you close to all your friends and loved one in real time using the Facebook Home launcher. It features steady stream of photos and posts from friends right on the home screen which refreshes automatically. But why did AT&T dropped HTC First to only 99 cents under contract?

Gold is the Investment for the Individual

What about that Dow! Overnight, it punched through the 15,000 mark, on its way to 16,000, 17,000 and beyond. Could it happen? Well, markets are clearly in melt-up mode. But how far can they melt-up before the bust?

IMF Criticizes Osbornomics for “Lost Decade of Growth”

George Osborne, the Chancellor, is once again under the IMF scanner, as officials of the Washington-based financial institution will arrive to review UK economic growth. With additional warnings to recall austerity drive and reinstate the 'lost decade of growth,' the Trades Union Congress (TUC) finds competent support to drive home their arguments.

Australian Stock Market Report – Midday 5-9-13

The Australian market has extended its gains following much better than forecast job numbers and an unsurprising inflation report in China. The All Ordinaries Index (XAO) is up 0.2 per cent or 11.7 pts to 5,189.6, making it the third day of improvements this week. There were 50,100 jobs added in April, 34,500 of which were full-time positions. The unemployment rate eased from 5.6 per cent to 5.5 per cent and the participation rate (the percentage of working-age Australians either employed or loo...

ACCC Issues Warning As Scammers Target Travellers

Australians planning to go to a holiday rendezvous ought to take extra precautions in their online booking activities as the Australian Competition and Consumer Commission (ACCC) on Thursday disclosed at least some $250,000 worth in Internet scams have been lost in 2013 alone.

New SARS-Like Virus Reaches France

On Wednesday, French health authorities confirmed a 65-year-old local has contracted the deadly new SARS-like novel coronavirus, the country's first infected case.

Australian Stock Market Report – Afternoon 5-8-13

The ASX 200 Index closed at a near five year high today, as investor sentiment was boosted by record closes on the US Dow Jones and S&P 500 Indices, as well as better than expected Chinese trade data. The ASX 200 closed just shy of 5200 points, its best finish since June 30, 2008.

Australian Stock Market Report – Midday 5-8-13

The Australian market is rising thanks to a better than expected Chinese trade surplus and US shares closing at record highs. The All Ordinaries index (XAO) is up 0.7 per cent or 35.8 pts to 5,158.5. A US$18.16bn trade surplus in China at 11.49am (AEST) pushed local shares slightly higher initially while the Australian dollar recorded a more obvious rise to US101.9 cents.

Reaching For Yield In Hot Credit Markets

By Bo Becker and Victoria IvashinaFixed-income investors that have targets based on imperfect risk measures are tempted to take on additional risk to raise their portfolio yields.

DIAGEO CEO Paul Walsh Makes Room for his Successor – Menezes

Out of the blue, Paul Walsh, successful chief executive officer at Diageo Plc, informed that he would retire after successful and fruitful 13 years managing the drinks giant. As it was made public, he would be succeeded by Diageo COO Ivan Menezes.

Sony Unveils $549 Vaio Fit Laptop

Sony unveiled on Wednesday a $549 laptop, indicating a shift in pricing strategy for the electronic giant. The Japanese firm introduced the Vaio Fit, a 14-inch laptop that is thin, light and has aluminium body.

UK Sees Shop Price Inflation Drop in April

After all, the rate of UK shop price inflation slumped significantly in April, reaching its lowest level in more than three years. The slump in UK shop price inflation was mainly driven by countless promotions and dropping commodity prices. Indeed, UK retailers have been doing whatever it takes, including price cuts, to lure customers to their stores.

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