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.
Vittorio Hernandez May 29, 2013
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.
Vittorio Hernandez May 29, 2013
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.
Vittorio Hernandez May 29, 2013
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.
Vittorio Hernandez May 29, 2013
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.
Admin System May 29, 2013
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.
Vittorio Hernandez May 29, 2013
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.
Vittorio Hernandez May 28, 2013
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.
Jamelle Agbuis May 28, 2013
The Australian share market is making gains in early trade, following five sessions of losses and a lacklustre offshore lead.
Vittorio Hernandez May 28, 2013
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.
Reissa Su May 28, 2013
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.
Esther Tanquintic-Misa May 28, 2013
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.
Esther Tanquintic-Misa May 28, 2013
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.
Precious Silva May 28, 2013
By Peter Switzer, Switzer Super ReportNewspapers can't help themselves ? they're running a scare campaign using headlines like "markets in turmoil".
Admin System May 28, 2013
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.
Vittorio Hernandez May 28, 2013
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.
Admin System May 28, 2013
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.
Vittorio Hernandez May 28, 2013
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.
Reissa Su May 28, 2013
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.
Admin System May 28, 2013
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.
Admin System May 28, 2013
Australia topped again for the third straight year the Organisation for Economic Cooperation and Development Better Life Index. Australia beat Sweden and Canada, which came in second and third places.
Vittorio Hernandez May 28, 2013
Investors are having second thoughts about parking their funds in Australia's gas sector because of the escalating cost of doing business in the country. At risk are $100 billion worth of investments.
Vittorio Hernandez May 27, 2013
Following the announcement of Ford last week that it is shutting down its manufacturing business in 2016, two of Australia's biggest private sector companies also announced its plan to cut jobs soon.
Frances Samson May 27, 2013
The new week has started the same way the last one finished, with sellers on the front foot. The debate about the US Federal Reserve exiting its quantitative easing program continues to dominate the bigger picture. At a local level the earnings picture is creating concerns with profit downgrades figuring prominently in recent weeks.
Vittorio Hernandez May 27, 2013
Professor Sukkareih of the Robotics and Intelligence Systems at the University of Sydney develops two robots named Mantis and Shrimp to boost Australian agriculture.
Reissa Su May 27, 2013
Apple founder Steve Jobs had been the subject of criticisms in his lifetime for apparently for not giving enough contributions to charity. His philanthropic involvements only get exposed after his death through his equally private widow, Laurene Powell Jobs.
Frances Samson May 27, 2013
The Australian government plans to increase its food exports by $13.5 billion or by boosting the value of agriculture and food-related product by 45 per cent. The aim is to help feed China's non-stop booming population.
Vittorio Hernandez May 27, 2013
When Imelda Marcos was governor of Metro Manila in the 1970s, while First Lady at the same time, she was notorious for her mantra that only "the true, the good and the beautiful" should be seen by the world about the Philippines.
Vittorio Hernandez May 27, 2013
While Philippine Catholic Church officials have joined Metro Manila Development Authority Chairman Francis Tolentino in castigating Inferno author Dan Brown for describing the country's capital city as the gates of hell, the book earned positive reviews from major newspapers.
Vittorio Hernandez May 27, 2013
The cost of raising a child today has increased by half its recorded amount six years ago, according to a report by AMP and the National Centre for Social and Economic Modelling (NATSEM) from Australia’s University of Canberra. The report reveals that a middle-income family now is facing the inevitable - - to spend more on raising children than attending to basic socio-economic needs like, education.
May 24, 2013
