Pope Francis has made his yet most radical move in his one-month tenure as the 266th supreme spiritual pontiff when he created over the weekend an eight-man advisory panel to check and review the efficiency and perhaps debate the existence of the Roman Curia.
With its booming population as well as thriving economy, China dominates Forbes Magazine's list of top 12 fastest growing cities in the world. However, the city that topped the list was Karachi in Pakistan.
Commuters in New South Wales will soon be able to review their emails and be online their social networking sites while on transit to work or school.
The new avian influenza A H7N9 virus gripping China has spread out to other parts of the country, yet disease experts continued to downplay an outbreak, claiming it still "is nothing out of the ordinary."
Surprisingly, Marks & Spencer Group Plc released its data on the quarter ended March showing that the company enjoyed the best quarterly sales in two years. However, the UK-based retailer witnessed a discouraging drop in clothing which was, however, offset by an outstanding jump in food sales.
Ahh, St Kilda, we're going to miss you. From Monday, Daily Reckoning headquarters moves to salubrious Middle Park. It's a slight shift from the grunge and grime of Fitzroy Street.
T-Mobile's marketing strategy to attract Americans to buy the iPhone 5 is paying off. Reports said lines have started to form at the fourth largest U.S. carrier when it offered consumers the best-selling Apple smartphone over the weekend for $99.
International Data Corporation (IDC) issued the findings of its report, showing a staggering 13.9 percent drop in sales in Personal Computer (PCs) in the three-months period ended March on a year-on-year basis.
While the growing attractiveness of tablets and phablets to consumers is anathema to manufacturers and retailers caught with a large inventory of laptops and desktops, it spells good news for potential buyers due to the significant cut in retail prices of these devices.
It seems that Toyota Motor Corp. is going through tough times as it will have to recall as many as 1.73 million vehicles globally as it has faced safety issues revolving around airbags. Other Japan's carmakers, including Honda Motor Co., Nissan Motor Co. and Mazda Motor Corp., have announced the same process as their models have also encountered similar problems. But that is not the last of problems for Toyota Motor Corp. as the carmaker is now at war against Ford Motor Co. over the title of ...
Surprisingly, the Bank of Korea did not decide to cut rates as it was widely expected. Neither the mounting political pressure nor increasing North Korean threats were enough to push the central bank of South Korea to change interest rates.
Infosys Ltd sadly let down markets and analysts with its forecast for the new fiscal year began April. Concurrently, the India's No. 2 services exporter released its data on the fourth quarter showing that its quarterly profit climbed about 3.4 percent. The news was not welcomed by markets as stock prices drastically dropped after the statement.
News from the British Retail Consortium bodes well for UK retail and designer merchandisers. Struggling in the past few months, the news of 3.7 percent growth in March is certainly promising. The same-store sales climbed by roughly 1.9 percent on a year-on-year basis, but still the figure is encouraging.
The Bank of Japan's pledge to invest in long-term bonds in the next two years is seen by many as a 'new phase of monetary easing.' This policy is in continuation of the Japanese Prime Minister's aim to reverse nearly 15 years of deflation.
Shares are slightly higher for fourth time this week. The Australian market has been improving modestly for most of the session, however has been flirting with negative territory over the past 30 minutes. The All Ordinaries Index (XAO) is up by 2.3 per cent since the start of the week. This makes it the best week on the local market since October 2012. Note that March was the worst month for the All Ords since May last year.
The U.N.'s Food and Agriculture Organisation (FAO) has expressed concern the new avian influenza A H7N9 virus could spread outside China and potentially infiltrate the rest of the world.l
After much rumour explosion, Australian tech start-up We Are Hunted has confirmed it had been bought by social media giant Twitter, as the latter prepares to launch its music app this weekend.
Even if Hope Rinehart Welker withdrew in March the lawsuit she initiated seeking the removal of her mother, billionaire Gina Rinehart, from heading the family trust, her two siblings continued the case.
Australia's target to become the top liquefied natural gas (LNG) exporter in the world could be at risk following reports that a major LNG venture would no longer push through because the project would no longer be financially viable.
By Rudi Filapek-Vandyck, Editor FNArenaI joined Twitter. Not because I am curious what this celebrity has to say about her kids, or to read that another one is waiting for a connecting flight, impatiently.
The Australian Dollar hit highs overnight that we have not seen since January after recovering from the 1.0500 level after a poorer than forecast March jobs number yesterday morning.
- Picture better than a year ago- US recovery slow, EU flat- Chinese growth stable- Japan may lose momentumBy Greg PeelIt is a truth now universally acknowledged that one of the most reliable ways to get a handle on the strength or otherwise of an economy is to regularly survey a sample of purchasin...
By Jason Jenkins, Investment U ResearchHave you heard the news? The ever-evolving world of science, scarce resources and population explosion will alter the world we live in by 2030.
Huawei quashed on Friday rumours that it would roll out the Ascend Mate Phablet or Ascend P2. Instead, it announced the launch of the Ascent G510, priced at £130.
Once again, confidence seedlings are taking root and sprouting. Overnight, weekly jobless claims reversed last week's awful print to beat estimates, falling by 18,000 claims to 342,000. This better-than-expected news was coupled with reports US retailers are experiencing stronger sales (ahead of the official numbers tonight), and allowed US retail shares to step onto the escalator.
In US economic news, new claims for unemployment insurance plunged by 42,000 to 346,000 in the latest week, well below forecasts centred on a result near 365,000. The March budget deficit was $107 billion, near forecasts of $112.5 billion. And export prices fell 0.4pct in March with import prices down 0.5pct.
By Greg PeelThe Dow rose 62 points, or 0.4%, while the S&P gained 0.4% to 1593 and the Nasdaq added 0.
South Korean tech giant Samsung announced on Thursday the release of two versions of a new phone line, the Galaxy Mega. The smartphone, which features one with a 6.3-inch touchscreen and other with a 5.8-inch display, will initially be sold in Europe in May.
Australian shares advanced today, following record highs recorded overnight on the US Dow Jones and S&P 500 Indices.
The Australian market has completely made up for yesterday's modest falls at lunch. The All Ordinaries Index (XAO) is up by around 0.5 per cent. Today was the first time since the start of April that the XAO cracked through he psychologically important 5000.0 point mark.
