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.
BHP Billiton (ASX: BHP) found a significant amount of copper at Succoth, an isolated outback in West Australia. The discovery is sufficient to open the area for more resource development.
The Australian Dollar has found renewed strength again hitting highs well above USD 1.0500 with the AUD trade-weighted index hitting its highest level in 28 years yesterday.
Risk assets extended their gains with US markets closing at fresh closing highs. There were several factors at play yesterday, but the move in risk was certainly triggered by some positive developments in Europe. The major European bourses traded sharply higher on hopes that Italy is closer to forming a government, and a successful Italian bond auction. The Fed minutes didn't have too much of an impact on sentiment, as investors feel the recent signs of strain in the US labour market will be ...
China's financial centre Shanghai has confirmed it will start its carbon emissions trading this coming month of June. Although no specific date was provided, it made sure the system will be up and running before the month ends.
Besides seizing deposits from account holders of the Popular Bank of Cyprus, Nicosia will also sell the bulk of its gold holdings as its contribution to the international bailout. The sale, which comes at a time that gold prices are down, aims to raise €400 million.
The global app market continued to expand at an impressive rate of 11 per cent for the first three months of 2013. Market analyst firm Canalys, in a new study released this week, said the top 4 app stores logged 13.4 billion downloads for the period.
In US economic news, the FOMC minutes from the March 19/20th meeting were released. Some FOMC members still believed that asset purchases should be tapered later in the year and stopped by year end. But of course the FOMC meeting took place in March before evidence of softening momentum in the US economy started to emerge. We continue to believe that the bond buying program will run into early 2014 at the very least.
By Greg PeelThe Dow closed up 128 points, or 0.9%, while the S&P hit blue sky at 1587, up 1.2% as the Nasdaq shot up 1.
The local share market closed slightly lower today, dragged down by financial players and spite gains on Wall Street overnight.
For as long as your internet is connected to servers, webcams, printers, routers and all the other stuff, you can pretty well imagine Shodan has seen its content and presumably accessed it. Suffice to say, the Internet technology has gone creepier by the minute.
The Australian sharemarket is slipping for the first time in three sessions, with the All Ordinaries Index (XAO) down 0.2 per cent to 4969.2. Both the ASX200 index and the All Ords are very close to cracking through the psychologically important 5000.0pt level. The indices haven't closed above that level in almost a month.
Cancer has become the leading cause of deaths in China's Beijing, and by 2020, from 2.5 million annually, the cancer-related deaths in the world's second-largest economy will balloon to 3 million per year.
According to the newest survey, the Asian Development Bank expects Asia's emerging economies to witness a weak recovery in 2013. However, the Manila-based bank underlined that the expected rebound might be challenged by several risks, including the ongoing crisis in the European Union, the so-called US fiscal shock and the reemergence of the nationalism in Asia itself.
Newest data showed that the Ford Motor Co.'s Focus model had beaten its rivals in 2012 global car sales. The Focus model became the world's best-selling car due to sharply increasing demand in China. The findings of the survey by R.L. Polk & Co. indicated that three models of Ford Motor Co. were in the world's top six.
