Yesterday the Australian share market lost ground for the second day in a row, with the All Ordinaries Index (XAO) off by another 13 points to 4,395 points. It was a day of 2 half for both the European and US markets. After strong economic numbers out in early US trade, showing US consumer confidence lifted to a 7 month high and better than expected housing data, key European markets pushed aside early global growth concerns and tracked higher. The US markets opened stronger but then fell away s...
China’s Huawei Technologies, one of the world’s biggest telcos, is not giving up on Australia despite earlier decision by the federal government this year to bar the company from participating in the $37-billion national broadband network (NBN) roll out.
Lennar Corp., the third-largest U.S. homebuilder by revenue, reported higher fiscal third-quarter earnings as demand for new homes jumped.
The funky map application on Apple’s iOS 6 will not be rescued by Google anytime soon, the internet giant’s executive chairman Eric Schmidt said on Tuesday in Tokyo.
No end to the global housing market downturn is in sight, except probably in the US, according to a survey of global house price trends by the Global Property Guide. Asia is weakening, and house price falls in the worst-hit European crisis countries are dramatically accelerating.
Toys R Us has informed that it plans to hire about 45,000 workers nationwide for holiday shopping season. It will be 5,000 more than the same period last year. The seasonal hiring is expected to help its expanded customer services such as shipping online purchases to stores.
A survey released on Tuesday by Choice, a consumer advocate group, identified Harvey Norman as having the lowest customer service rating among large Australian retailers.
International Monetary Fund managing director Christine Lagarde has called for strong and decisive growth plans from policymakers in Europe and the United States, warning that global economic recovery is slower and weaker than anticipated.
As Australian companies grapple with talent shortage, Caltex launched on Wednesday a babycare package which offers a 12 per cent bonus package for employees who return to their jobs and stay with the firm until their child turns two.
Well, it's the country of the future. It's the 'New America'. It's where it is all happening. Growth. Innovation. And wealth accumulation.
Rather than violate the terms of memoranda of understanding in knocking the shipment back, Western Australian Farmers Federation President Dale Park advised Australian live sheep exporters on Tuesday to instead focus on four Middle Eastern markets which have been long-standing customers.
The number of billionaires in China has fallen for the first time in seven years amid the country's worsening property and stock market slump, according to the Hurun Research Institute.
By Greg PeelThe Dow fell 101 points, or 0.8%, while the S&P lost 1.0% to 1441 and the Nasdaq dropped 1.
The Australian sharemarket lost ground for the second straight day, with the All Ordinaries Index (XAO) slipping by 0.3 pct or 13.7 pts to 4395.5. This was expected, due to a lack of market moving events locally and offshore between Monday and Wednesday this week in addition to weakness in global markets overnight. The volume and value of shares that exchanged hands today was extremely light once again.
Nokia seeks to realise extra revenues outside of its Windows partnership with Microsoft as it launched on Tuesday two new smartphones that will cost no more than $US100 but with features closely akin to that of the firm’s flagship Lumia handsets.
SurfStitch, Australia's biggest online surf shop, in after only 4 years of operations, has ventured into the European market with the launching of a dedicated headquarters in France, including an 8,000sqm purpose built distribution centre.
We have met the zombies... and they are us!
General Motors Co., the leading automobile manufacturer in the United States, stated on the 21st of September that the company has come up with the decision to recall around 474,000 Chevrolet, Saturn and Pontiac sedans all across the world in order to sort out a situation that could very well lead the vehicles to roll even when the drivers believe that they are in park mode.
Iran has planned to block the access to Google and create a domestic internet system for its citizens. According to the officials this is a way by means of which they will be able to improve the system of cyber security in Iran. On the contrary however, it is feared by many Iranians that this a new upcoming way of the Government to control their access to the World Wide Web.
Small scale businesses based in the U.S. could lose almost 1 million jobs in the next year if federal officials are not able to prevent across-the-board U.S. budget cuts, amounting to $1.2 trillion, which are supposed to commence as early as in January.
Windows 8, according to a new Gartner report, essentially represents a big gamble by Microsoft and a necessary one.
The Australian share market finished lower yesterday, with the All Ordinaries Index off by 21 points to 4409.2, after big slides in commodity prices out of Asia hitting mining and energy stocks. The weakness in commodity related firms continued to impact the overseas markets. The European markets held back by concern over the Euro turn-around story and how long it will take to occur, and lower than excepted business confidence out of Germany.
After prices of coal and iron ore had dipped dramatically in the past few months, another major Australian export item is at the risk of falling commodity prices: liquefied natural gas (LNG).
By Andrew NelsonDespite a run of soft sentiment that's only worsened since the March 2011 Fukushima nuclear power plant accident, it still seems fairly clear that policy makers across the globe remain committed to nuclear power for the most part.
Australia's Department of Agriculture, Fisheries and Forestry (DAFF) just granted three local firms to export 190,000 sheep and 400 cattle indicating the resumption of the country's live export to the Middle East despite the unresolved problem over 21,000 Aussie sheep in Pakistan.
A baggage handler of Qantas caught last week a 60-centimetre crocodile at its cargo hold. The reptile escaped from its cage while mid-air on a Brisbane-Melbourne flight.
Virginia Australia is opposed to the agreement between flag carrier Qantas and Middle Eastern airline Emirates. It asked the Australian Competition and Consumer Commission (ACCC) to withhold the grant of an interim authorisation until the two airlines could prove their tie-up would benefit Australian consumer.
Australian miner Rio Tinto (ASX: RIO) is planning to axe jobs in the coal mines operation of Coal & Allied due to the drastic decline in prices of the commodity and the high currency.
By Greg PeelThe Dow closed down 20 points, or 0.2%, while the S&P lost 0.2% to 1456 and the Nasdaq fell 0.
The Australian sharemarket has kicked off the new trading week in the red, with the All Ordinaries Index falling by 0.5 pct or 21.6 pts to 4409.2. Last week was a relatively uneventful one on the economic front, with a lack of market moving information released; however the XAO rose by a modest 0.5 pct over the week. On Friday, U.S equities eased a touch by 0.1 pct.
