BUSINESS

US Market Crash Flag Still Flying

The flag is not a prediction. It's merely a warning - like the flag at the beach that warns of a dangerous riptide. You can still go in the water. But watch out. You could get washed out to sea.

A Good Old-fashioned Market Crash

When we left town on Friday trading was as slow as the traffic on the interstate. Labor Day is the last holiday of the summer. No one wants to miss it.

Abenomics for Japanese Economy: Hit or a Miss!

Prime Minister Shinzo Abe's fiscal-stimulus policies dubbed "Abenomics" have guided long-suffering Japan to three consecutive quarters of growth. The prices are finally rising, along with the stock market and that is drawing increasing attention from economists in the West.

The Overnight Report: Awaiting The Data

By Greg PeelThe Dow closed up 6 points while the S&P rose 0.1% to 1655 and the Nasdaq added 0.2%.Bridge Street failed to fire yesterday despite a strong lead from Wall Street, with the July trade balance data weighing on sentiment.
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Australian Stock Market Report – Afternoon 9/5/13

The Australian sharemarket slid for the second straight day, despite the best improvements in a month in the US last night. The All Ordinaries Index (XAO) fell by 0.4 per cent, with only the defensive healthcare sector, industrials and IT industries escaping the selloff.

Huawei Australia Opens Brisbane Office, Launches Undergraduate Program to Send Students to China Headquarters

Huawei Australia has announced the opening of a new office in Brisbane with nine staff to be added to its staff of 700, to which 85 per cent of that number are locals. Huawei already has offices in Sydney and Melbourne. The opening of the new Brisbane office will help extend the company’s operations and consumer reach in Australia. The Lord Mayor of Brisbane Cr Graham Quirk has signed an agreement with Huawei, a telecommunications giant in China, to encourage local students to study and learn...

Baxter’s Global Acquisition of Gambro Cleared by ACCC

Australian Competition and Consumer Commission (ACCC) on Wednesday said, it will not oppose the proposed acquisition of Gambro AB by Baxter International Inc. This decision of the Commission follows an undertaking submitted by Baxter that it will sell part of its Renal Replacement Therapy business.

Crafty Ways Germans Smuggle Money from Swiss Accounts

Sneaky Germans may have found several ways to dodge the law on how to bring in foreign currency in the country from abroad, but border authorities usually detect the smuggling attempts.

Australian Stock Market Report – Midday 9/5/13

The Australian share market remains in the red on Thursday, despite predictions of a solid session. Overnight, Wall Street recorded its best gains in more than a month, rising 0.7 per cent and setting the SPI futures up for a 0.3 per cent gain locally.

Microsoft Wins Patent Battle Against Google's Motorola, Gets $14 Million in Damages

Microsoft won the patent trial against Motorola as the courts decided that the company failed to observe fair and reasonable licensing terms when it negotiated with Microsoft over the Wi-Fi and H.264 intellectual property. A district court had previously ruled that the standard, essential patents of Motorola were not worth $4 billion as claimed by the company. According to Microsoft's public statement, the patent trial win was a milestone for those who want tech products to be affordable and...

New York Store Staff Gets Even With Boss from Hell

If Lenovo Chief Executive Officer Yan Yuanqing could be considered the ideal boss, having given this week his more than $3 million bonus to the tech firm's 10,000 workers, the opposite is true for the store manager of Journeys in Rochester, New York, whose staff resigned en masse by publicly leaving their open letter to him.

Syria Only Reason For Stronger Oil

By Jonathan BarrattAt the moment our focus remains on Syria for the next move in oil. As mentioned, Syria does not produce any oil of note however investors see any military invention by the US as a regional issue and as such a premium is being built into the market.

Kim Dotcom Quits Mega; Will Focus on Other Projects, Legal Battles & Political Aspiration

Kim Dotcom seems to have a few more surprises up his sleeves. After his tweet about plans to launch a political party in New Zealand - a leak which he attributed to “whistleblower”- picked up storm, it is now known that he quit as director of Mega, the cloud hosting service that he launched with much fanfare in Jan 2013, after his previous file sharing venture Megaupload was shut down in a U.S. driven operation, following allegations of mass copyright infringement and money laundering.

Syria and the Perpetual War Economy

Whether you agree or not that the US ought to strike Syria, there is one reason it will: Because it has to. (Indeed, the bombing may already have started by the time you read this.)

A Manufacturing Industry Revolution

Yesterday's data dump was a non-event. Retail sales rose 0.1%, the current account deficit widened a little, and the RBA didn't change interest rates. The ASX200 followed suit with its own dramatic move, rising 0.16%.

A Trader's Wrap

By Chris Weston, IG MarketsEvery now and then the market picks a currency, throws it firmly in the spotlight and runs with it.

Australian Stock Market Report – Afternoon 9/4/13

The Australian share market closed in the red today for the first time since last Wednesday as concerns of a US led invasion into Syria jittered investors around the globe and saw a slide in commodity prices during Asian trade.

Australian Packaging Major Amcor; Poised for Growth in India

Australian packaging major, Amcor Ltd., is strengthening its position in the growing Indian packaging sector to achieve organic and inorganic growth. Meanwhile, reports say, the company plans to split its divisions - retaining its plastics divisions and establishing a new company for its other units.

The Truth About Nokia-Microsoft $7.1BN Deal

In the wake of the Nokia-Microsoft $7.1BN deal, can Nokia improve problematic Microsoft Windows phone image and why does Nokia refuse to sell its full patent to Microsoft?

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