BUSINESS

BHP Biliton is mulling to acquire Brazilian iron ore producer Ferrous Resources as the Anglo-Australian miner seizes opportunities to scout for low-priced commodities projects brought by the pressing current low valuations of iron ore markets.

Esther Tanquintic-Misa Oct 17, 2011

Apple and Samsung are taking a timeout in their fierce legal battle over smartphone and tablet patents to pay their last respect to the late Apple co-founder and technology icon Steve Jobs.

Windsor Genova Oct 17, 2011

Search engine giant and Android maker Google is joining the crowd of online music stores soon.

Windsor Genova Oct 17, 2011

U.S. stocks jumped Friday, sending major stock indexes to their highest close since early August and pushing both the Dow and the Nasdaq Composite back into positive territory for the year. The Dow industrials closed with a 166.36 point gain, or 1.5%, at 11644.49. The Dow is now ahead by 0.58% for 2011.

Vittorio Hernandez Oct 17, 2011

US retail sales rose by 1.1pct in September - marking the fastest pace of growth in seven months. Sales for the prior two months was also revised higher. The upbeat sales figures resulted in a revision of third quarter growth estimates. US September quarter GDP is now expected to post between 2.3-2.7pct. US business inventories rose by 0.5pct in August.

Vittorio Hernandez Oct 17, 2011

Westpac, one of Australia’s four major banks, has invested in a new banking centre in Rocklea.

Sharon Olalia Oct 16, 2011

Australia’s tourism and accommodation industry has voiced worries on the threats it faces as a result of the continuing action by airline unions against Qantas.

Sharon Olalia Oct 16, 2011

Australian customers lined up around Apple stores and other retailers Friday to get the new Apple iPhone 4S, but for budget-conscious consumers, the new smartphone could be too much for their wallets to handle.

ranina sanglap Oct 15, 2011

Apple has described Siri as an "intelligent assistant" but developers should have added another feature to Siri: budding comedian.

ranina sanglap Oct 15, 2011

Spain can be joining Greece as one of the unhealthy Euro zone nations if it misses its budget goal this year as a result of sluggish economic growth, excessive spending and increasing unemployment.

Joseph Alan Alonso Oct 14, 2011

Small and medium-sized business firms are expected to allocate more resources and increase spending for digital channels instead of traditional advertising.

Joseph Alan Alonso Oct 14, 2011

A raft of soft data weighed on investor sentiment today, sending local stocks down by almost one percent. Weaker than expected Chinese trade data and disappointing earnings result from US heavyweight JP Morgan Chase sent global markets into the red overnight, while this morning ratings agency S&P downgraded Spain from AA to AA-. Another ratings agency, Fitch, downgraded UBS and seven more financial institutions.

Vittorio Hernandez Oct 14, 2011

Research in Motion co-CEOs Mike Lazaridis and Jim Balsillie held a phone press conference Thursday to announce that BlackBerry services have been restored globally after several days of network failure.

ranina sanglap Oct 14, 2011

Incoming head of third party for Suncorp Steven Heavey has vowed the bank’s credit policies and broker processes will go under the microscope when he begins his role.

Jamelle Agbuis Oct 14, 2011

Over the next 10 years, Australians would do well investing on the share market, which according to new report released on Wednesday by Australia-New Zealand Banking Group (ANZ) will be the sure bet of the future.

Erik Pineda Oct 14, 2011

The Australian Food and Grocery Council (AFGC), the national association which represents the country’s $108 billion food, drink and grocery manufacturing sectors is demanding for additional compensation from government.

Joseph Alan Alonso Oct 14, 2011

Iron ore prices are set to get more competitive in the following months as BHP Billiton, along with other iron ore miners and steel producers, mull the creation of a new iron ore global pricing system by year-end or early 2012.

Esther Tanquintic-Misa Oct 14, 2011

iPad 2-manufacturer Apple only won half of the battle with Samsung Electronics when it was granted by Federal Court Justice Annabelle Bennett on Thursday a temporary injunction that stops the South Korean firm from launching the Galaxy Tab 10.1 in Australia.

Vittorio Hernandez Oct 14, 2011

The Australian sharemarket is pulling back for the second time this week, with the All Ordinaries index (XAO) down 0.9 pct or 39.2 pts to 4266.8. Almost all sectors are lower with the defensive telecommunication sector one of the lone regions of the market to be gaining some ground. Telstra (TSL) is up 0.16 pct or 0.5 cent to $3.08.

Vittorio Hernandez Oct 14, 2011

Higher iron ore and coal production led to a strong third quarter performance for Rio Tinto. As a result, the Australian mining firm is expected to break its record $14.43 billion profit in 2010.

Vittorio Hernandez Oct 14, 2011

Qantas is expecting another day of turbulence as it canceled 18 flights and delayed 32 more due to a schedule engineers strike.

Vittorio Hernandez Oct 14, 2011

London Session: Risk Moderates:Profit Taking Or Something More Sinister?By Kathleen Brooks, Research Director, FOREX.

Admin System Oct 14, 2011

Good news for the Australian iron ore and coal industries, and of course the country's balance of payments for the next 18 months or so.

Jamelle Agbuis Oct 14, 2011

A case is emerging for the Reserve Bank not to cut interest rates, either next month or December.

Jamelle Agbuis Oct 14, 2011

Questions are being asked if China's economic slowdown is starting to crunch sections of the economy, just as the trade surplus weakens as export growth fades.

Jamelle Agbuis Oct 14, 2011

The financial sector led U.S. stocks lower Thursday following less than stellar results from J.P. Morgan Chase & Co., although strength in technology stocks kept the broader market's losses in check. The Dow Jones Industrial Average was down 59 points, or 0.5%, at 11459 in Thursday afternoon trading, after earlier dropping as much as 141 points.

Vittorio Hernandez Oct 14, 2011

The US trade deficit narrowed marginally from $45.63 billion to $45.61 billion in August. US exports fell 0.1pct while imports were flat. The trade gap with China widened to a record $29 billion in August. US jobless claims fell by 1,000 to 404,000 in the past week. The four-week moving average of claims (considered a better measure of labour market trends) fell by 7,000 to 408,000.

Vittorio Hernandez Oct 14, 2011

By Greg PeelThe Dow closed down 40 points or 0.4% while the S&P lost 0.3% to 1203 and the Nasdaq gained 0.

Admin System Oct 14, 2011

Apple Stores, resellers, and carriers in the United States, Australia, Canada, France, Germany, Japan and the United Kingdom are opening their doors today, Oct. 14, to people eager to be the first to get their hands on iPhone 4S.

Carlo Fernandez Oct 14, 2011