China's September power output continued on double-digits for an eighth consecutive month even as the world's second-largest economy reported a slowed down economic activity.
Australia's wheat inventories may surge to between 8 million and 10 million metric tonnes by Sept. 30 from as much as 7.3 million tonnes a year ago as coal-mining companies' fight for rail capacity led to transport bottlenecks in the eastern states.
Copper fell hard on Tuesday after China reported its economy grew at its slowest pace in two years and as German Chancellor Angela Merkel extinguished hopes that a plan will be announced next week geared to contain the eurozone's debt crisis and prevent a possible Greek default.
Qantas announced on Tuesday it will ground a further two wide-body Boeing 767 aircraft as ongoing industrial action from its engineers continues to cause a backlog of maintenance on the Qantas fleet.
Shareholders of Telstra have agreed and voted in favor of the $11 billion deal with the Australian government, allowing Telstra's fixed-line dominance be used by the NBN Company.
Qantas blamed on Tuesday the engineers' strike for the grounding of two more aircraft, which led to the cancellation of 80 more domestic flights over the next month.
Melbourne came top over an improved Sydney this year for innovation, in the 5th Annual Innovation Cities Asia Index, which measures cities as innovation economies.
MIDDAY REPORT
(12pm AEDT)The Australian sharemarket is down 1.6 pct or 71.5 pts to 4266.4, effectively wiping out all of yesterday's impressive gains. Markets tumbled overnight due to concerns that the European debt solution might fall short of expectations.
A day after G20 leaders wrapped up negotiations in Paris and came out with a five-point plan that could resolve their economic problems; Germany’s top officials announced that the Oct. 23 summit in Brussels may not produce positive results that most EU nations are expecting.
Australia's central bank has hinted that benchmark cash rates in the country may go down after months of being held at 4.75 percent.
- Fortescue quarterly production report well received- Management confident in maintaining annual production rate of 55Mtpa- Brokers continue to see value at current levels- Buy ratings retainedBy Chris ShawThe September quarter production report from Fortescue Metals ((FMG)) has been well received ...
By Greg Peel"Conditions in global financial markets had continued to be very unsettled, with uncertainty increasing about both the prospects for resolution of the sovereign debt and banking problems in Europe and the outlook for global economic growth.
Google Inc. has announced it will close down social networking site Google Buzz in the next few weeks to concentrate on building up its successor Google+.
Adapting to new technologies such as having an online presence was the way how small businesses in Australia coped with the hard times.
Analysts and mines experts had predicted prices of iron ore, Australia's most lucrative export commodity, could fall as low as $140 per tonne in the coming months.
- ANZ suggests commodities are oversold- Barclays revises its sector order of preference- Issues in oil and steel markets- Price stability needed for palladium's fundamentals to dominateBy Chris ShawHaving reviewed September quarter performance and market conditions ANZ Banking Group's Oct...
Retail establishments in Australia are passing on to shoppers the cost of goods stolen worth about $2 billion yearly. A study on retail crime places the amount at an average of $284 a year hidden as "honesty taxes," the Herald Sun reports.
Smartphone dealers in Hong Kong bought iPhone 4S from Australia and Japan and sold them to locals for up to six times the original price.
Mortgage Choice, one of Australia's largest independently owned mortgage brokers, on Monday revealed approaches to property investment that help borrowers maximise their cash flow and build wealth.
By Greg PeelThis weekly report noted last week the US Energy Commission had for sale an inventory of UF6 which it is offering below current spot pricing.
The high cost of living is putting more low-income Aussies at risk of falling into poverty, a report says. Poorer households are compelled to spend more of their income on essential goods and services due to price hikes on these non-discretionary items, such as food and electricity, a report by St Vincent de Paul Society says. As a result, households' health and education expenses are delayed, if attended at all.
The Russian housing market hasn't recovered - despite appearances. Resale apartment prices rose 3.79% during the year to end-Q2 2011, according to the Federal State Statistics Service, but the kicker was inflation - resale apartment prices actually fell 5.25% when the price figures are adjusted for inflation.
By Greg PeelThe Dow fell 246 points or 2.1% while the S&P dropped 1.9% to 1200 and the Nasdaq lost 2.0%.
Although jailbreaking your iPhone or iPad carries the risk of bricking your device and voiding your Apple warranty there are some benefits to jailbreaking your iPhone 4s or iPad 2. Here are the five reasons why you should jailbreak your iPhone or iPad.
A new study has suggested Australia is a three-spend economy, which it says is as significant as the two-speed economy that the nation has heard so much about.
New research confirms a mixed outlook for Australia’s retail sector, but the good news is almost half of consumers say they are maintaining or increasing their spending, and young consumers remain up-beat.
If you're one of the lucky ones who were able to snag a new iPhone 4S or upgraded your existing Apple device to iOS 5, then you're probably wondering how fast you can fill up all those gigabytes of memory with apps. The Apple App Store has half a million apps available, so narrowing it down to what you really need can be a forbidding task.
Virgin Australia has begun services between Brisbane and Gladstone for the first time in Monday with new ATR turbo‐prop aircraft.
More than half of Australian mid-market companies are not properly prepared for persistent fluctuations in business conditions, according to the inaugural Commonwealth Bank Future Business Index.
Qantas long-haul pilots on Monday morning called for Qantas management to urgently reconsider their withdrawal from negotiations before Fair Work Australia.
