German Chancellor Angela Merkel said on Friday that a single banking supervisory body will be set up in the course of next year, opening the way for the eurozone's rescue fund to inject capital directly into the region's ailing banks.
Lawrence Villamar
Oct 23, 2012
The US markets turned higher into the close of trade. With Apple share and related tech stocks rallying higher. Today on the Australian share market we saw investors buying back into fiancé stocks and key banks. The materials and energy stocks rose in morning trade even with a fall in metal and oil prices overnight. By lunchtime in the East, the All Ordinaries Index (XAO) was up 13 points after starting 23 points higher.
Vittorio Hernandez
Oct 23, 2012
Japanese exports have tumbled at their sharpest pace since the aftermath of last year's earthquake and tsunami. More worryingly, exports to China have fallen to fresh lows amid a worsening territorial spat.
Lawrence Villamar
Oct 23, 2012
All of Australia's big four bank registered increases in their satisfaction level for September. However, the biggest gain was logged by the National Australia Bank (NAB) which enjoyed an 80.3 per cent satisfaction rating.
Vittorio Hernandez
Oct 23, 2012
By Victoria GalsbandThe value anomaly ? higher average returns on value as opposed to growth stocks ? is a robust phenomenon on equity markets around the world.
Admin System
Oct 23, 2012
By Andrew NelsonUranium trading two weeks back saw the spot price plummet 5%, with increasingly cash poor and panicky sellers doing what they could to generate some volume.
Admin System
Oct 23, 2012
BP has started the construction of its $20 million facility at Largs North in Adelaide. It is the first phase of the oil and gas giant's $41 million investment over the next five years.
Vittorio Hernandez
Oct 23, 2012
Australian supermarket giant Coles announced on Monday that it is phasing out its factory farming practices a year ahead of its promise. Keeping the pledge means Coles will free 34,000 mother pigs from cramped stalls and 350,000 hens from cages.
Vittorio Hernandez
Oct 23, 2012
By Greg PeelThe Dow closed up 2 points, the S&P closed flat at 1433 and the Nasdaq rose 0.4%.The world received a bit of a shock yesterday on the release of September trade data from that oft forgotten economy ? Japan.
Admin System
Oct 23, 2012
By Richard (Rick) MillsAhead of the HerdAs a general rule, the most successful man in life is the man who has the best informationThe number of people living in areas affected by severe water stress is expected to increase to almost four billion people.
Admin System
Oct 23, 2012
Rio Tinto's rare pink and blue diamonds has attracted an unprecedented number of investor interest, particularly from Asian and European buyers, despite the world being in a massive fiscal crisis.
Esther Tanquintic-Misa
Oct 22, 2012
The Australian share market eased from 14 month highs today, following a weak lead from offshore markets and lower commodity prices. US stocks fell on Friday night on disappointing earnings results and with investors spooked on the 25th anniversary of the 1987 stock market crash. The All Ordinaries Index (XAO) closed down 28.9pts or 0.6pct to 4565.6pts.
Vittorio Hernandez
Oct 22, 2012
Hewlett-Packard has come up with slick design that could give the iPad a jolt.
Vittorio Hernandez
Oct 22, 2012
LG will produce a smartphone, while Samsung will make a high-end tablet. Also to debut will be an upgraded version of the Nexus 7, indicating the rash of tech firms to roll out new devices.
Vittorio Hernandez
Oct 22, 2012
The Australian share market is modestly lower at lunchtime in the East, following Wall Street's lead. The US Dow Jones Index closed down 0.1pct while technology shares saw the NASDAQ fall by 1pct. At lunchtime in the East, the All Ordinaries Index (XAO) is down 7.8pts or 0.2pct to 4573.1.
Vittorio Hernandez
Oct 22, 2012
Surprise, surprise. China's GDP growth for the third quarter came in bang on the consensus estimate of 7.4%, the slowest rate of growth in years. But the market liked it because on a quarter-on-quarter basis growth was 2.2%, up from 2% in the prior quarter. So on an annualised basis, the Chinese economy grew at a fast 8.8%.
Jamelle Agbuis
Oct 22, 2012
The verdict is out. After weeks of laboratory tests and court injunctions, Pakistani authorities finally decided to cull the remaining 11,500 Australian sheep beginning Friday in Karachi.
Vittorio Hernandez
Oct 22, 2012
The first thing to know about them is that they always use a net. In fact, trapeze artists will practice a trick by repeatedly landing in the net, until they get it right. Only then will the catcher bother to make a trip up the rope ladder to hang in the catch trapeze and pluck the swinging flyer out of the air.
Jamelle Agbuis
Oct 22, 2012
Sony Corp. informed on the 19th of October it would cut approximately 2,000 jobs in Japan in the year to March 2013 as a part of the restructuring plan. The company also announced the closure of a camera lens factory in Japan as well. The job cuts in Japan are a part of Sony Corp.'s global plan to downsize the global headcount by about 10,000 by March 2013.
Jamelle Agbuis
Oct 22, 2012
Canada has blocked Petroliam Nasional Berhad's takeover of Progress Energy Resources Corp. The $5.23 billion bid was rejected as it would not advance national interests of Canada, according to the government.
Jamelle Agbuis
Oct 22, 2012
Newsweek, considered one of America’s publishing icon, is closing down its print edition as current owners of the newsweekly magazine disclosed on Thursday that final issue will come out end of December 2012.
Erik Pineda
Oct 19, 2012
Google just announced the release of the Samsung Chromebook along with new ambitions to spread its browser-based, cloud-focused Chrome OS laptop. Google envisions it to be as an extra machine in the house or as a laptop for students.
Vittorio Hernandez
Oct 19, 2012
China is slowing down but that may not necessarily be a bad thing. China's economic transformation could probably mean better quality growth, according to Goldman Sachs economist Jim O'Neill.
Lawrence Villamar
Oct 19, 2012
The federal government of Australia has granted a total of $652 million in National Health and Medical Research Council grants to boost and help build a progressive and healthier Australia.
Esther Tanquintic-Misa
Oct 19, 2012
Sony just added another phone to its collecti0oon of the Xperia family that is within the low to middle range insofar as price tag is concerned. In a world full of phones people wish they could afford, the Sony Xperia Miro is one that they don't have to wish too hard for.
Vittorio Hernandez
Oct 19, 2012
European leaders are scheduled to meet in Brussels today for a two-day summit, but early reports have revealed deep and uncomfortable divisions over a proposed banking union that is intended to underpin the eurozone.
Lawrence Villamar
Oct 19, 2012
The Australian share market is modestly lower at lunchtime in the East, following Wall Street's lead. The US Dow Jones Index closed down 0.1pct while technology shares saw the NASDAQ fall by 1pct. At lunchtime in the East, the All Ordinaries Index (XAO) is down 7.8pts or 0.2pct to 4573.1.
Vittorio Hernandez
Oct 19, 2012
An antiquated gaming console in Xbox 360 and diminishing consumer interest on its slew of Windows-related products appeared to have conspired in Microsoft’s shrinking financial hauls as shown by the software giant’s latest quarterly report.
Erik Pineda
Oct 19, 2012
Samsung’s tablet lines were not as cool as the iPad, made by Apple, a UK appellate court said on Thursday, in the process affirming that the South Korean consumer electronic giant did not violate its U.S. rival’s intellectual property.
Erik Pineda
Oct 19, 2012
Speculations are rising in the market that Nokia will report yet another quarterly loss and diminishing cash reserves prior to Nokia's upcoming smartphone launches next month. Nokia is struggling hard to regain grounds that it has lost to its arch rivals in the smartphone sector Samsung Electronics Co. and Apple Inc.
Jamelle Agbuis
Oct 19, 2012