Despite an initial dip when the February jobs numbers were released, the local share market is trading higher at lunchtime in the East, following positive offshore leads. The All Ordinaries Index (XAO) is firmer by 21.3pts or 0.5pct to 4255.7.
Tech giant Apple, Inc. (NASDAQ: AAPL) unveiled its latest generation of iPad yesterday, which is the first tablet that is able to connect to 4G network. However, this feature will not work yet in Australia.
The Reserve Bank has made clear that it sees no reason to cut interest rates or force the value of the Australian dollar lower simply to help sections of the economy that are doing it tough at the moment.
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The Australian economy slowed in the 4th quarter of 2012, but we still ended up doing better than many other leading economies.
Insurance giant QBE and packing multi national yesterday announced expansion deals valued at more than $600 million in Australia, Asia and South America.
Apple Inc. (NASDAQ: AAPL) pulled back the curtain on its next generation iPad, which features a higher-resolution display, a new processor, and support for high-speed 4G LTE data networks.
The US ADP National Employment index showed that 216,000 new private sector jobs were created in February, close to market forecasts.
Stocks rose ahead of a U.S. consumer-credit report and on news of progress toward Greece's debt restructuring and consideration by the Federal Reserve of further measures to aid the economy.
By Greg PeelThe Dow rose 78 points or 0.6% while the S&P gained 0.7% to 1352 and the Nasdaq added 0.9%.
There are many news reports stating that Apple will call their new iPad model as the iPad HD instead of iPad 3. The said name is based on its new standout feature which is its higher-resolution Retina display.
The growing hype and frenzy towards Apple's iPad 3 have speculated countless number of arguments regarding Apple's dominance in the market against the declining popularity of traditional PCs and laptops.
Apple Inc. (NASDAQ: AAPL) will be hosting a media event in San Francisco, California, on Wednesday, March 7, starting 10 a.m. Pacific time, to unveil the iPad 3 or iPad HD.
Australia's construction activity further weakened in February, notwithstanding the rate cuts introduced late last year by the country's central bank, which failed to boost housing and commercial building projects in the past few months.
Australia and Asia's richest woman, Gina Rinehart, reportedly asked for a seat on the board of Fairfax Media when she met with the company's chairman, Roger Corbett, and chief executive, Greg Hywood, on Tuesday.
The 2011 natural disasters, such as the twin earthquake and tsunami that struck Japan, was by far the costliest, with the United Nations disaster risk reduction agency UNISDR estimating the economic cost to be at least $380 billion.
While opening some business opportunities in India, mining giant Rio Tinto (ASX: RIO) is also closing some doors. The company announced on Wednesday that it would shutter its Lynemouth aluminium smelter in Northumberland in England by the end of March.
Investor sentiment remains subdued again today, following falls in offshore markets and weaker than expected local economic growth figures. At lunchtime in the East, the All Ordinaries Index (XAO) is down 36.6pts or 0.9pct to 1258.9.
Coca-Cola Amatil Limited (CCA) has announced a decision not to acquire the Foster’s Australian spirit and spirit ready-to-drink (RTD) business.
A confident outlook forecast for the Australian rural sector yesterday has already been overtaken by the surprise ban by India on all exports of cotton, a move that has already started sending prices higher.
No worries about the 'dangers' from a 'slowing' Chinese economy yesterday in one high profile deal yesterday involving a major Chinese investment in Australia: the Gloucester Coal merger with China's state-owned Yancoal Australia.
The looming news about the “big event” about Apple’s iPad 3 on March 7 got everyone excited about this new device. On other hand, other people were also busy comparing Apple's iPad 3 to other worthy tablets such as the ASUS Transformer Pad Infinity 700.
A replay of February in the Reserve Bank interest rate decision yesterday with no change as the cash rate was left at 4.25% and the reasoning much the same.
By Greg PeelThe Dow fell 203 points or 1.6% while the S&P lost 1.5% to 1343 and the Nasdaq dropped 1.4%.
Yahoo's woes continue to pile up and the latest difficulty is poised to hit the company's employees as reports emerged that newly-appointed chief executive Scott Thompson plans to axe thousands of workers soon.
The China Banking Regulatory Commission gave a Retail Renminbi licence to the ANZ Bank, which is the first Australian bank to receive the licence.
Australia's business environment has so far sustained its growth pace, expectedly on the back of the ongoing mining boom, but national data also indicated that regions and business sectors were hardly benefitting from the resources boost.
Rio Tinto (ASX: RIO) will make the largest investment by an Australian company in India through a $2 billion investment at the Orissa iron ore project in India. The project will supply iron ore to India and overseas with the steel making material.
The Australian share market has started the trading day in the red, following weak offshore leads and after China downgraded its 2012 growth forecasts. China has cut its target for economic growth in 2012 from 8pct to 7.5pct, a move which wasn't overly surprising but has given investors a reason to sell. At lunchtime in the East, the All Ordinaries Index (XAO) is down 29.9pts or 0.7pct to 4324.3.
South Africa's property market has slowed, with house prices declining modestly in 2011. South Africa's house prices rose 2.3% in nominal terms, which translates into a decline of 2.6% in real terms, a disappointment following 2.7% house price rises in real terms in 2010.
