Davao International Airport in the Philippines resumes normal operations after the Civil Aviation Authority of the Philippines (CAAP) cleared the runway and removed the damaged Cebu Pacific aircraft. The third busiest airport in the country has remained closed from Sunday night until Tuesday afternoon. CAAP allowed the airport to operate Tuesday evening.
Sydney is counting on a 20-year airport masterplan to handle the expected doubling of passengers to 74 million by 2023, making it unnecessary to build a second airport.
Chevrolet revealed the seventh-generation Corvette at the 2013 Detroit Auto Show showcasing the new engine, improved technologies and much better look. The C7 is the not only new car from Chevy. The company has also released its Malibu and Silverado series – perfect treats for the car enthusiast.
The Reserve Bank of Australia Board meets today to discuss possible cuts on interest rates amidst slow growth in the manufacturing industry and rise in inflation rate. Majority of economists think that the bank should put interest rates on hold.
In a repeat of the first Click Frenzy incident, the Web site of Australian retail giant Myer crashed on Tuesday evening due to the heavy volume of logins. The crash happened 30 minutes after the online launch of its mid-year sale.
By Greg PeelThe Dow closed down 76 points, or 0.5%, while the S&P lost 0.6% to 1631 and the Nasdaq fell 0.
Having fallen by more than 6% in recent weeks, the selling that has defined the period dried up on Tuesday and the ASX200 finished with a gain. The durability of the improvement remains the main question as we move towards the blue ribband event of the week, the US Non-Farm Payroll Report due on Friday.
Recep Tayyip Erdogan has spent the last decade sitting unchallenged as Turkey’s Prime Minister. He established himself as the vengeful but righteous father of the country. It seems like for every ruler in history, a measure of their success and power comes down to a rebellion.
After a negative start to the session's trade, the Australian share market is slightly firmer at lunchtime in the East.
Android has taken much of the market share today. Recent reports suggest it has taken over Apple’s shares making it the leading mobile system today. However, the range of Android phones on the market can make it challenging to choose the right handset. The number of competition did not stop several smartphone models to top of the list.
By Andrew NelsonUranium sellers were not inclined to sell in May and unfortunately for them, the buyers weren't really buying either.
It has been an annual practice for 24/7 Wall St. to identify brands in the United States in danger of disappearing. For this year, car and tech companies are not exempted. Wall Street’s latest list of brands on the brink of extinction shows the stiff and cruel competition amongst industries – falling behind financing, innovation and efficiency can cost even some of the most well loved brands.
- Businesses plan to lift prices- Earnings expectations on the rise- Further cuts to costs, staff and investments coming- Employment casting a pall over proceedingsBy Andrew NelsonAustralian business spending expectations have started to lift from the 24-year low posted last quarter.
Hundreds of airline passengers are stranded in Davao, Philippines since Sunday night because of a runway accident involving a Cebu Pacific plane. The Airbus A-320 of Cebu Pacific landed off the runway at the Davao International Airport.
By Greg PeelThe Dow rose 138 points, or 0.9%, while the S&P gained 0.6% to 1640 and the Nasdaq added 0.
By Greg PeelPerhaps the most surprising element of this month's RBA monetary policy statement is its brevity.
Sony finally announced the roll out of the Android 4.1 Jelly Bean update for their Xperia S, Xperia SL and Xperia Acro S. Owners can obtain the update via Over-the-Air process or via cable using a computer.
The weak performance from the manufacturing sector, falling job advertisements and slight inflation may just what the Reserve Bank of Australia (RBA) needs to cut interest rates even lower.
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.
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.
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.
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.
Here it comes after long talks, Thomas Cook Group Plc has announced that it reached a deal with GE Capital Aviation Services (GECAS) and its one step closer to have a new shining fleet. Its fleet renewal programme is part of the tour operator's turnaround strategy aimed at improving its dented performance.
Effective this month, Philippine Airlines (PAL) will be adding three flights into Australia, including Darwin, Perth, and Brisbane, bringing to five its total number of Philippine-Australia routes.
At last, the National Highway Traffic Safety Administration has set up new guidelines for drivers keen on self-driving cars. The move is a breakthrough as it is one of the first regulatory laws introduced by the agency with respect to autonomous vehicles.
A ray of hope emerged as the British Chambers of Commerce upgraded its UK growth forecast for the ongoing year, 2014 and 2015. But also the good news is that consumer confidence substantially climbed in May, according to a separate survey.
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.
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.
Motorola Mobility CEO Dennis Woodside teased Moto X to be the first phone earning approval from leaders of Google according to the D11 conference interview. Motorola X is expected to be released later this year with new set of unique features to make it win against iPhone 5s, Galaxy S4 and HTC One.
- 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...
