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.
Admin System May 17, 2013
By Michael Lombardi, MBA for Profit ConfidentialSomething is starting to smell in the bond market...Since their peak in July of 2012, 30-year U.
Admin System May 17, 2013
Gold continued to lost its luster as prices of spot gold futures for June delivery dropped 0.7 per cent and closed on Thursday at $1.386.90 an ounce on the Comex in New York. It is the sixth consecutive prices that the price went down, and the longest slump for the precious metal once considered a safe haven.
Vittorio Hernandez May 17, 2013
Gina Rinehart, the richest person in Australia, is renewing her criticism of the federal government's policies, hitting it for incurring debt levels that are unsustainable and for treating the mining industry like an ATM.
Vittorio Hernandez May 17, 2013
By Greg PeelThe Dow fell 42 points, or 0.3%, while the S&P lost 0.5% to 1650 and the Nasdaq dropped 0.
Admin System May 17, 2013
The Australian share market was sold off for a second consecutive session today, despite new record highs on Wall Street and European shares closing at five year highs.
Vittorio Hernandez May 16, 2013
A low-cost diarrhoea vaccine for children has been developed by India, enabling parents all over the world to avail of a cheaper alternative medicine that could cure and save their children from the deadly Rotavirus.
Esther Tanquintic-Misa May 16, 2013
Despite record highs on Wall Street overnight and a positive start to the day's trade, local stocks are back in the red at lunchtime in the East, weighed down by mining players and weakness in the healthcare stocks.
Vittorio Hernandez May 16, 2013
Dairy Australia said on Thursday that there would likely be a 10 to 15 per cent increase in milk prices in 2013. The announcement spells good news for Australian farmers, but represents bad news for consumers.
Vittorio Hernandez May 16, 2013
When I hear news reports about consumer spending being soft and businesses struggling, frankly I think it's all rubbish. From my perspective, no other time in history has been so promising for people with a great idea (some call them entrepreneurs) to go from zero dollars to a million overnight.
Jamelle Agbuis May 16, 2013
Not much action following the new Dow high. Not much follow-through. But not a big breakdown either.
Jamelle Agbuis May 16, 2013
By Greg PeelThe Dow closed up 60 points, or 0.4%, while the S&P gained 0.5% to 1658 and the Nasdaq added 0.
Admin System May 16, 2013
Sellers got the upper hand in the post Federal Budget session on Wednesday. The weaker tone was primarily derived from big picture matters driving global markets at present, rather than a response to the budget. Some have associated the drop in the Aussie dollar in the last day to the larger than expected deficit in the budget.
Vittorio Hernandez May 15, 2013
China now has at least two subtypes of the Influenza A viruses lurking and circulating around its perimeters. And as more members of the poultry and fowls industry get culled, not only food sales get affected but also sales of badminton's shuttlecocks and apparel's down jackets.
Esther Tanquintic-Misa May 15, 2013
The key to blowing up a successful asset bubble is that you must constantly attract new money into the asset class you're trying to inflate. By that standard, yesterday's Australia's housing finance figures were better than expected but worse than required. The numbers were up. But new home buyers have not yet been bullied into the market by lower rates.
Jamelle Agbuis May 15, 2013
If you can't remember the definition of stupidity, events this week will refresh your memory. One popular definition of stupidity is repeating the same behaviour but expecting a different result, like pushing on a door that opens by pulling. A more current and topical one would be cutting interest rates 511 times in six years in order to raise growth and/or lower the unemployment rate.
Jamelle Agbuis May 15, 2013
Despite a stronger start to the session, the Australian market is slipping for the first time in six sessions. The All Ordinaries Index (XAO) is down 0.8 per cent or 44.1 pts to 5,158.4. Investors initially reacted to healthy gains from global sharemarkets overnight rather than Tuesday's federal budget, however the rise was short lived with most sectors turning negative about one hour into the session.
Vittorio Hernandez May 15, 2013
While China continues to wrestle H7N9 which had so far claimed 35 lives, it has succumbed to yet another subtype of the Influenza A viruses, this time the H5N1. The country had reported an outbreak in its southern part Tibet, where a child has died and 64 other children remain infected.
Esther Tanquintic-Misa May 15, 2013
Lakshimi Mittal, owner of the world's largest steelmaker ArcelorMittal, has urged Europe to erect trade barriers to protect its manufacturers, claiming the future of the European Union manufacturing depended on politicians helping the industry face what he said was unfair competition from China, reported the Financial Times on Sunday.
Jamelle Agbuis May 15, 2013
After a tragic construction disaster in Bangladesh, European retailers, including H&M and Wal-Mart, signed the Bangladesh safety accord which will introduce measures aimed at boosting safety conditions in garment factories, taking a step to securing lives of workers. Undeniably, unions had a big part in pushing the European retailers to take action in improving workplace safety at Bangladeshi garment facilities.
Jamelle Agbuis May 15, 2013
On Tuesday, Saudi Arabia added six new cases of the SARS-like novel coronavirus in its Eastern Province, where two of those infected were hospital healthcare workers, immediately creating anxieties that hospitals are no longer even safe places to go to in times of medical distress.
Esther Tanquintic-Misa May 15, 2013
Guide:The Short Report draws upon data provided by the Australian Securities & Investment Commission (ASIC) to highlight significant weekly and monthly moves in short positions registered on stocks listed on the Australian Securities Exchange (ASX).
Admin System May 15, 2013
By Greg PeelThe Dow rose 123 points, or 0.8%, while the S&P gained 1.0% to 1650 and the Nasdaq added 0.
Admin System May 15, 2013
By Stephen Hogan, Senior Private Client Adviser, Equities/DerivativesAustralian MarketThe Australian market (XJO) closed down -29.
Admin System May 15, 2013
For a second day local stocks ended higher with a small yet unconvincing gain. Whilst the Federal Budget dominates the national media discussion at present, the reality is that the impact on prices will likely be modest if at all.
Vittorio Hernandez May 14, 2013
Will the state of federal finances have any effect on the battling Australian dollar? A Friday article by Fed mouthpiece John Hilsenrath in the Wall Street Journal floated the idea that the Fed is looking for ways to wind down its $85 billion per month in QE in a way that doesn’t crash stocks or disrupt order in the financial markets.
Jamelle Agbuis May 14, 2013
The restructuring spree of HSBC Holdings Plc is likely to continue as the European bank aims to improve its performance. It is widely speculated that HSBC CEO Stuart Gulliver will inform about further downsizing and sales of some assets on the 15th of May. Investors expect to hear that a 3-year restructuring plan has started bearing fruits.
Jamelle Agbuis May 14, 2013
Nissan Motor Co. surprised with it net profit growth of staggering 46.1 percent for the fourth quarter. But the fact is that the Japan's carmaker did not show off its annual profit which was simply plane, compared to its home rivals. Certainly, the weakening yen significantly helped Nissan Motor Co. and other Japan's companies enjoy stronger performance.
Jamelle Agbuis May 14, 2013
Australian shares are slightly firmer at lunchtime in the East, following a mixed offshore lead and ahead of the release of the Federal Budget in Canberra tonight.
Vittorio Hernandez May 14, 2013
France, a nation where people mostly spend their free time visiting museums and attending art events, wants to tax smartphones and tablets manufacturers, specifically Apple, to fund its cultural passion.
Esther Tanquintic-Misa May 14, 2013
