BUSINESS

Australian Investors Cautiously Optimistic

Investors in Australia have grown a little more cautious following double digit returns for equities since mid-2012, despite having only sparingly participated in the rally.
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Apple (AAPL) Saves Billions in Taxes Thanks to Irish Woman Accountant

Cathy Kearney, 49, works for Apple Operations International in the city of Cork. Kearney is in charge of Apple's successful operations in Ireland. Apple's subsidiary in Cork is responsible for selling iPhones, iPads and Macbooks to African, European and Middle Eastern markets.

IMF Lowers China Growth Forecast to 7.75%, Issues Warning on Debt

The International Monetary Fund has lowered the growth forecast for China for the second time in just six weeks, saying it expects growth to reach "around 7.75 percent" this year. The Washington-based institution also warned that Beijing needs to make a "decisive push" to launch new market-oriented reforms and raised concerns about a rapid expansion of credit in the world's second largest economy.

Will Japanese Policy Fail?

By Jonathan BarrattGlobal Markets ? Japan comes back into focus?"When in May stay away" is the normal catch-cry for traders this time of the year, although so far you would wonder given record highs in the US equity markets.

Why 2013 Might Be the Last Year You Drive a Car

Most people don't realise their car is actually a powerful computer. Computers in modern cars control the multimedia system, sat-nav, dashboard and engine. And approximately one third of all computing in cars is just to tell you what's going on.

OECD Revises Eurozone Growth Outlook as Europe Poses Threat to Global Economy

The OECD, in its newest report, did not present a colorful picture of the eurozone as it cut growth outlook for the 17-state bloc. The Paris-based organization underlined that the harsh economic conditions in Europe pose a threat to the global economy, thus the European Central Bank should take steps aimed at fostering growth.

IMF Pushes China to Introduce Essential Reforms as it Cuts Growth Outlook

It may come as no surprise that the IMF decided to downgrade its growth outlook for China. The revision was driven by weak global economic conditions and unsatisfactory results recorded in China as well. Indeed, the IMF is concerned about the economic recovery in China and it believes that the country's authorities should introduce essential reforms aimed at bringing a sustainable recovery.

Australian Stock Market Report – Midday 5/29/13

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.

Annihilation of UK High Street Nears as One in Five Stores to Close

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.

EXCLUSIVE FEATURE: The Many Fears of Overseas Filipino Workers in Taiwan After Fatal Shooting

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.

Is The Yield Rally Over?

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.

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