By Greg PeelThe Dow closed down 53 points or 0.5% while the S&P lost 0.4% to 1188 and the Nasdaq was steady.
Global alternative investment management firm MR Capital Management Ltd. is focusing its funds to the Asian economies in a major shift of its traditional portfolio because of the improved industrial activities in Asia and the obvious growth slowdown in developed countries of the west.
By Rudi Filapek-VandyckNo rumours preceded today's release of a surprisingly negative HSBC Flash China Manufacturing PMI which, at 48.
The Australian government has assured mining companies and opposing sectors their demands will be met in the final version of the proposed mining tax bill.
The hard times have caused Australians to eat out less, but many Aussies are not giving up their daily coffee fix.
Giant American food processing firm HJ Heinz is ramping up its attack on what it calls Australia's unhealthy food retail industry that encourages private labels and significant price cuts on basic goods.
The digital divide in Australia is felt not only within economic classes, but also right inside Australian homes.
The mining tax proposal of the Labor government, set to be voted on likely by Wednesday, appears to be a more popular measure than the proposed lifting of uranium exports to India.
Philip Morris Asia, owner of Philip Morris Ltd. in Australia, is challenging Australia's plain packaging law for cigarettes before an international arbitration court hoping to suspend the legislation and obtain billions of dollars in compensation for business losses from the Federal Government.
Employees of OneSteel have been warned to brace for tougher days ahead as the company reduces costs.
In Las Vegas, the metropolitan area with the highest number of foreclosures in the country, a number of bank-owned McMansions have literally gone to pot and been converted into indoor marijuana farms.
Australia's leading Internet venture fund, Future Capital Development Fund (FCDF) has announced it has invested in another Internet company, TheAgendaDaily.com ("Agenda") - a hybrid media / commerce business which successfully offers customers engaging daily recommendations alongside exclusive member only sales.
The local share market has followed global markets into the red, after US and European investors bailed out of equities overnight on ongoing worries about budget deficits. However the selling isn't as bad as was predicted, with the All Ordinaries Index (XAO) down .
Another victim of Friday's fire at the Quaker Hills Nursing Home in Sydney died Monday night bringing the death toll to eight.
The Australian Securities Exchange (ASX) recovered last week $34 million of client funds of MF Global Australia, paving the way for the partial return of their money earlier than expected.
- ANZ remains bullish on gold- European buying seen as a sign of economic stress- Higher prices may limit Asian buyingBy Chris ShawGold recorded solid gains in October, closing the month 6% higher.
Ford reveals the new, more fuel-efficient 2013 Ford Escape at the L.A. Auto Show.
Here are the five steps that need to happen during any major business adjustment and some of the pitfalls to avoid along the way.
Mining areas have proven the big winners of the Queensland property market, dominating the state's growth suburbs.
Cameron Clyne, chief executive of Australian banking major NAB who controversially passed on just 20 basis points of the 25 basis point cut enacted by the Australian central bank, despite the fact that the lender posted a 19.2 per cent increase in full year net profits on $5.5 billion is in line for a large pay hike.
There was no good news for shareholders in steelmaker OneSteel Ltd at yesterday's AGM in Sydney.
And Perth-based internet service provider iinet has confirmed its intention of buying Canberra-based TransACT for $60 million.
A new Italian government headed by Mario Monti, a respected economist and former European Commissioner, has replaced the government of Silvio Berlusconi, who had dominated Italian politics for 17 years.
The Canadian housing market continues to function in a consistently insensitive manner. It's like it fails to realize that the rest of the free world is hurting, and this persistent, and seemingly abnormal, growth is bound to cause more offense than awe.
The 21-day period for Qantas management and unions to agree on new contracts lapsed on Monday with no negotiation extension made by the parties, so the dispute will now have to be settled by the Fair Works Australia (FWA).
St. Lucia is increasingly seen as one of the world's most interesting property markets. The island is in many ways comparable to neighboring Barbados, but St. Lucia's property prices are about 40% to 60% lower.
The Financial Trilemma In China And A Comparative Analysis With IndiaBy Joshua Aizenman, Professor of Economics, University of California Santa Cruz and Research Associate, the NBER; and Rajeswari Sengupta, Assistant Professor of Economics and Finance, Institute for Financial Management and Research...
An unexpected trade deficit in October for Japan, thanks to a surge in expensive energy imports, such as LNG, while exports fell for the first time in three months.
By Greg PeelIt looked for all the world like long awaited buying interest from utilities ? the real end-users of uranium ? had appeared the week before last and might be set to gain momentum.
By Greg PeelThe Dow fell 255 points or 2.2% while the S&P lost 1.9% to 1192 and the Nasdaq dropped 2.0%.
