From Stan Shamu, Markets Strategist, IG MarketsGlobal markets extended their losses overnight on deepening concerns about the European debt crisis, after a poorly-received German debt sale. Germany failed to find buyers for 35% of the bonds it offered at an auction. There was also a swathe of disappointing economic data, with European services and manufacturing output shrinking for a third month, US durable goods orders falling and unemployment claims topping forecasts.
Christine Gaylican
Nov 24, 2011
By Greg PeelThe Dow fell 236 points or 2.1% while the S&P lost 2.2% to 1161 and the Nasdaq dropped 2.4%.
Admin System
Nov 24, 2011
TV reality sensation Kim Kardashian has signified interest to purchase property in Dubai after her recent visit to the UAE with mom Kris Jenner. Will it be a good investment for Kim? Ibtimes.com.au tries to scrutinize the property investment scenario for the Kardashians in Dubai.
Christine Gaylican
Nov 23, 2011
While the Australian Industry Group (AiG) recognizes the importance of road safety, the group opposes the planned establishment of a Road Safety Remuneration Tribunal.
Vittorio Hernandez
Nov 23, 2011
Australian supermarket operators Coles and Woolworths have recently added home brands to their shelves, which elicited negative comments from global food manufacturer Heinz and other branded food producers.
Vittorio Hernandez
Nov 23, 2011
Oil and gas field service provider Titan Energy (ASX: TTN) is going public by listing in the Australian Stock Exchange (ASX) on Dec 7. The company hopes to raise $5.45 million capital by issuing 5 million shares at $1 per ordinary share.
Vittorio Hernandez
Nov 23, 2011
Sony’s latest attempt of regaining its market edge in the gaming industry, the PlayStation Vita, will hit Australian shelves on February 2012 but the giant consumer electronics firm said that pre-orders for the upcoming release is now accommodated.
Erik Pineda
Nov 23, 2011
Queensland mines are poaching workers from the banking and retail sectors in a bid to fill up vacancies in the state's thriving mining industry.
Vittorio Hernandez
Nov 23, 2011
Aussie business owners' dissatisfaction with the Federal Government has soared to a three year high with the majority of Aussie SMEs (56%) now dissatisfied, up from 31% in August 2010. This is the highest dissatisfaction level recorded by the Business Monitor since June 2008, accprding to the latest research from the MYOB Business Monitor Special Report released on Wednesday.
Christine Gaylican
Nov 23, 2011
Qantas Chief Executive Alan Joyce and some aviation experts are of the opinion that Fair Work Australia (FWA) would rule in favour of the air carrier to settle the industrial dispute with unions.
Vittorio Hernandez
Nov 23, 2011
- Monadelphous delivers positive AGM commentary- Brokers lift earnings estimates and price targets- Valuation keeps broker opinions dividedBy Chris ShawTough operating conditions mean an acceleration in revenue growth is not common among ASX listed stocks at present.
Admin System
Nov 23, 2011
Oracle officials have accused HP of secretly contacting Intel to keep making Itanium processors so that HP can maintain the appearance that the dead microprocessor is still alive.
ranina sanglap
Nov 23, 2011
The $11-billion Mineral Resource Rental Tax (MRRT) was passed Wednesday morning because of the Labor government's $100 million pay-off deal with the Greens.
Vittorio Hernandez
Nov 23, 2011
Advanced Micro Devices was hoping that it's recently launched Bulldozer server processors would pull AMD out of its downward spiral against arch-rival Intel. Bulldozer has a new microstructure, a complete redesign of the original Opteron chip and the first chip to be manufactured with 16 cores. It also represented AMD's best hope of regaining its lost market share.
ranina sanglap
Nov 23, 2011
Graphics chipset designer S3 Graphics, a subsidiary of smartphone maker HTC lost a patent infringement suit against Apple Inc.
ranina sanglap
Nov 23, 2011
In Australia, construction work done is released. In the US, durable goods orders and personal income/spending data are released.
Lawrence Villamar
Nov 23, 2011
FNArena has added another video to its Investors Education section on the website. This may seem odd in a week wherein the Risk Off trade is the clear dominant factor, but ATW's Jerry Simmons actually has a bullish underlying view on the Aussie dollar.
Admin System
Nov 23, 2011
By Kathleen Brooks, Research Director UK EMEA, FOREX.comIt's a sea of green in stock markets today; however the macro situation remains as bad as ever.
Admin System
Nov 23, 2011
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.
Admin System
Nov 23, 2011
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.
Windsor Genova
Nov 23, 2011
By Rudi Filapek-VandyckNo rumours preceded today's release of a surprisingly negative HSBC Flash China Manufacturing PMI which, at 48.
Admin System
Nov 23, 2011
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.
Christine Gaylican
Nov 22, 2011
The hard times have caused Australians to eat out less, but many Aussies are not giving up their daily coffee fix.
Vittorio Hernandez
Nov 22, 2011
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.
Erik Pineda
Nov 22, 2011
The digital divide in Australia is felt not only within economic classes, but also right inside Australian homes.
Vittorio Hernandez
Nov 22, 2011
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.
Vittorio Hernandez
Nov 22, 2011
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.
Windsor Genova
Nov 22, 2011
Employees of OneSteel have been warned to brace for tougher days ahead as the company reduces costs.
Vittorio Hernandez
Nov 22, 2011
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.
Jamelle Agbuis
Nov 22, 2011
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.
Christine Gaylican
Nov 22, 2011