BUSINESS

While some Australian miners are considering foraying into Africa, KPMG is warning them to proceed at their own risk.

Overnight the US market were slightly higher after investors weighed up the good news that the US economy grew more than expected in the 2nd quarter of 2012, but then the Federal Reserve regional report on the economy, the Beige book, showed more signs that the US economy is still only recovering slowly.

Two weeks after Chery Auto, China's largest domestic automobile manufacturer and exporter, recalled some 23,000 vehicle units from Australia due to findings of potential cancer-causing asbestos in some models, the company announced it is set to recall an additional 18,000 units from overseas, still due to the same reason.

www.globalpropertyguide.comNo end to the global housing market downturn is yet visible, 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.

What Samsung has been up to since losing its U.S. legal battle with Apple last week? It appears the tech giant is far from licking its wound, opting instead to push out two new gadgets that it hopes would soon eclipse the court room disappointments it just absorbed.

Controversy continues to hound Gina Rinehart, Australia's richest woman, due to a column she wrote for the Australian Resources and Investment magazine where she suggested lowering the minimum wage of $606.40 a week.

Prospects for industrial peace in Grocon construction sites appears bleaker as the Construction, Forestry, Mining and Energy Union (CFMEU) disclosed plans to further prolong the ongoing strike which on Thursday entered its ninth day.

By Jonathan BarrattIt looks like we can anticipate more rains to come as a result of the Hurricane Issac in the Gulf.

By Greg PeelThe Dow closed up 4 points while the S&P gained 1 point to 1410 and the Nasdaq rose 0.1%.The passing of Neil Armstrong brought back memories of a certain seven year old who was fascinated by the space program but bored into submission as he sat on a classroom floor and waited interminabl...

Local stocks eased slightly today, with investors still opting to shy away from risk ahead of this weekend's Jackson Hole symposium, where central bankers from around the globe will meet to discuss the ongoing European debt crisis. The All Ordinaries Index, which gained 0.3pct yesterday, eased by 5.5pts today to 4381.5.

A funny story is sweeping the internet. Samsung paid $1.05 billion to Apple by sending 30 trucks containing five cent coins.

The Ford brand will continue rolling off on Australian roads but it remains uncertain if the same applies on the carmaker’s local production lines.

Shadow Communications Minister Malcolm Turnbull has pledged to revisit the prohibition imposed by the Labor-led government on giant Chinese network specialist Huawei Technologies.

Yesterday the Australian stock market closed 14 points higher. Overnight the US market were in a holding pattern ahead of the Federal Reserve yearly conference that kicks off at the end of this week and ahead of the return to work and school next week after spring break next Tuesday.

Samsung has vowed to fight Apple’s efforts to shove its gadgets out of the United States following last week’s jury verdict that labelled most of the South Korean tech giant’s products as less innovative.

Mark McLean Hildebrant, a former portfolio manager of investment firm Vanguard, is facing 63 counts of insider trading. The 39-year-old former manager did not enter a plea when he appeared Tuesday at the Melbourne Magistrates Court.

Grains marketing and processing firm GrainCorp is creating one of the largest edible oil enterprises in Australia with its $472 million buy-in of Gardner Smith and Goodman Fielder.

FNArena has added another video to its Investors Education section on the website. This week ATW's Jerry Simmons takes a look at natural gas and its likelihood of moving lower.

Newcrest (ASX: NCM), Australia's largest gold miner, announced on Tuesday that its goldmine on Lihir Island in Papua New Guinea is temporarily closed due to protests from landowners.

Financially challenged flag carrier Qantas is facing more turbulent days ahead as Virgin Australia indicated a looming price war following its return to profitability.

Investment banks in London have been forced to offer more competitive salaries to attract this year's top graduates who industry players say have been deterred by the recent banking scandals.

By Greg PeelThe Dow fell 21 points or 0.2% while the S&P lost 0.1% to 1409 and the Nasdaq gained 0.1%.

The number of counterfeit notes detected by private banks in India grew by 23 percent from 2010-2011 to 2011-2012, reported the Reserve Bank of India on Sunday, with the Indian government set to introduce plastic notes across five cities by the end of this year in an effort to reduce forgery and thwart other illegal activities related to fake currency.

In the mid-1930s...Germany faced a critical decision. More? Or less?

We continue our search today for evidence that Australia's commodity boom is over. Of course we could be totally wrong. But that's the establishment position anyway.

Philippine Airlines informed that it had signed a $7 billion contract to buy 54 Airbus jets as a part of a modernization program to meet higher demands for transporting both passengers and cargo in Asia, the Middle East and Australia.

Wal-Mart Inc. vowed retailers to reject the $6 billion credit card fee settlement that Visa Inc., MasterCard Inc. and other major banks had agreed to pay to retailers.

Australian stocks closed just shy of their opening highs today, with defensive stocks leading the gains following a mixed finish on global share markets. The All Ordinaries Index (XAO) finished higher by 14.1pts or 0.3pct to 4387, after hitting an intra-day high of 4391.9pts.

The Reserve Bank of Australia (RBA) is among the bodies to suggest that loan-to-value (LTV) ratios should be capped for property lending in Australia.