While retailing shrinks, car sales remain very buoyant, even after taking into account the extra day in February.
China has cut its target for economic growth in 2012 from 8.0pct to 7.5pct.
By Greg PeelVolumes in global spot uranium trading in the month of February were the lowest since the GFC nadir month of March 2009, industry consultant TradeTech notes.
By Greg PeelThe Dow closed down 14 points or 0.1% while the S&P lost 0.4% to 1364 and the Nasdaq lost 0.
By Greg Peel"Financial market sentiment has continued to improve in recent weeks," notes RBA governor Glenn Stevens in his statement accompanying today's monetary policy decision, "and capital markets are again supplying funding to corporations and well-rated banks, albeit at costs that are hig...
Apple Inc. proudly marked 25 billion apps downloaded from its app store with an announcement on Apple's home page.
Manny Pacquiao vs. Floyd Mayweather Jr. would have been a fight for the ages but the much-awaited boxing showdown did not push through. This year, the best of America and Asia are expected to take their animosity to new heights when Samsung Electronics and Apple Inc. (NASDAQ: AAPL) release new smartphones at about the same time just months from now.
The global automotive industry needs to deal with likely damning economic realities despite growth projections for the sector this year, according to outlooks furnished by analysts.
Every time Australians swipe their credit cards, they pay interest rates to the banks which charge them an average interest of $4,700 a year per card.
Of the 2,600 mining deals made globally in 2011 valued at $149 billion, Australian miners accounted for 22 per cent of market value making them the most acquisitive last year, a report by PricewaterhouseCoopers (PwC) released on Monday said.
The Australian share market has started the trading week in the red, following a lacklustre offshore lead and a report showing company operating profits fell 6.5pct in the fourth quarter, below estimates. At lunchtime in the East, the All Ordinaries Index (XAO) is down 14pts or 0.3pct to 4350.1.
The strong Australian currency is taking its toll on the country's aluminium smelter sector with another plant facing the threat of closure due to high production cost and weak global prices. Mining giant Rio Tinto (ASX: RIO) warned it may shutter its Bell Bay smelter which may cause the loss of 600 jobs.
Long-haul pilots of Qantas have promised no strikes if the union would succeed in its appeal on Fair Work Australia's (FWA) ruling a few months ago to prohibit industrial action. The union will file its case against the FWA termination of the pilots' industrial action before the Federal Court in Sydney.
Unibic, the maker of Australia’s iconic ANZAC biscuits, has been placed in voluntary administration.
Apple and Samsung scored victories against each other before a German court on Friday but the two tussling tech titans also saw legal setbacks hampering their efforts to assert dominance in the ever-growing global mobile device market.
Commodity prices eased last week, despite more concerns about Iran and Israel.
Economics dominates the week here and offshore, with important data releases in several countries, central bank meetings, the rising price of oil worrying markets and towards the end, the monthly flow of economic data from China.
A breather for global markets at the end of a week when the Greek bailout edged towards finalisation, European leaders said nice things to each other about the economy and oil prices continued to worry investors.
By Jason Jenkins, Investment U ResearchPeople in the market will do anything to gain an upper hand in investing.
A report commissioned by Transport Minister Anthony Albanese in 2009 pushed for the construction of a second airport in Sydney due to the anticipated increase of air traffic.
Microsoft Corp. released a consumer preview of its next generation operating system Windows 8 on Wednesday and early reviews about the software have been largely positive.
Nokia, the Finland-based mobile manufacturer, recently went full force during the Mobile World Congress 2012 as it unveiled some of their newest smartphones. Included in the list is Nokia Lumia 900, the company's first Windows phone.
Activision Blizzard Inc. maker of World of Warcraft announced Wednesday that it would cut 600 employees from departments not related to its game development teams.
Samsung Electronics, one of the biggest names in the smartphone industry recently launched their newest smartphone called the Samsing Galaxy S WiFi 4.2. The Korean-based firm unveiled this new device during the Mobile World Congress 2012.
There are many news reports that are circulating around the web regarding the pending release of Apple's iPad 3. Ever since the "official invitation" has been sent out to the press, several news reports indicate that the target release date will be a go while other news reports are saying that a delay in the release date should be expected.
This week's Mobile World Congress (MWC) 2012 impressed tablet aficionados -- quad core processors, superb displays even when exposed to sunlight, tablets that are as compact as smartphones, stylus that enhances the devices' functionality.
The Malaysian bank CIMB signed on Thursday night a memorandum of agreement with the Royal Bank of Scotland (RBS) for the purchase of the RBS's Australian equity market operations. The operations cover 13 countries in the Asia-Pacific region including Australia, Japan and Korea.
Forget the rate cut talk ahead of next Tuesday's March Reserve Bank Board meeting, this week's flow of data shows the economy is right where the RBA wants it to be, warm, but not too hot.
AMP Capital investors Chief Economist, Dr Shane Oliver assesses the return of high oil and petrol prices.
As expected, Woolworths' interim profit was hit by the $300 million charge to cover the cost of restructuring and selling the Dick Smith chain of consumer electrical stores, but the trading result wasn't too hot either.
