Seasonal spikes on three major consumer goods led to more than two percent surge in inflation over the past three quarters, according to the latest inflation measures released on Monday by the TD Securities-Melbourne Institute.
The inflation report on Monday showed a decline in prices of fruits and vegetables which dropped by 5.6 percent last month after a decrease of 1.6 percent in August.
Limbaugh blasts GM for trying to sell the Chevrolet Volt in China, but his central premise (based on a New York Times story, no less) may be wrong.
Samsung plans to launch an upgraded version of the 7-inch Galaxy Tab in Australia before Christmas, Smarthouse reports.
In a world-first Australian experiment, Coca-Cola is replacing the "Coke" branding with one of 150 of Australia's most popular personal first names for its next summer marketing campaign.
Aldi has won its Federal Court case against ePAL, which has been found liable for misleading and deceptive conduct under the Competition and Consumer Act.
Mortgage industry aggregator Australian Finance Group (AFG) has come out in support of the broker proposition, by issuing a warning to consumers over the loan offer being provided by One Big Switch.
Coal prices, along with iron ore, will endure erratic price adjustments despite the global markets' roller-coaster ride and declining output in China's manufacturing, analysts and experts said.
Big labor groups in Greece are up against the proposal of Prime Minister George Papandreou's government to place some 30,000 state workers in a special labor reserve force with lower wages as part of its austerity measures to reduce the nation's budget deficit.
Japan intends to work more closely with private firms dealing with internet security after Mitsubishi Heavy, which works closely with Boeing, said in September network information such as IP addresses may have been leaked.
The $50-million class action suit filed by 34,000 ANZ customers has taken a first step forward by starting on Monday hearings in a Melbourne Federal Court.
Manufacturers experienced another tough month in September with the Australian Industry Group - PwC Australian Performance of Manufacturing Index (Australian PMI®) down 1.0 point to 42.3, indicating a further weakening in the sector.
Investors in Australia have used the uncertainty and extreme volatility in share markets over the past two months to further reduce exposure to higher risk equities in favour of pure plain cash in the bank.
World crude steel production was the second lowest monthly total so far this year, despite continuing solid production in China and most of Asia.
Amazon CEO Jeff Bezos had announced during the launching of the Kindle Fire tablet in New York City on Wednesday that the company is producing millions of the device for customers. But just how many Kindle Fires can Amazon really sell?
In what seemed to be a major breakthrough for debt-ridden Greece, it had gained trust from a Qatar-based holdings firm to invest in one of its gold-mining projects.
If its niche crowd, the managers and professionals, ate a BlackBerry Bold or Torch for lunch and have the BlackBerry PlayBook for dinner, Research In Motion Ltd. would have given free beers to everyone. But the problem is that there are fewer business users are ordering BlackBerries, and the existing users are picking an iPad or an Android tablet.
Ditching the Android and have its own platform in webOS could make sense for Amazon. The retailer has an unmatched portfolio of goods and services -- including songs, movies, books, apps, etc. -- that it could integrate to its own platform for mobile devices.
Confidence in Australia’s accommodation industry has risen after ABS statistics for the June quarter of 2011 showed "pleasantly surprising" results.
Fast-developing and emerging market leaders China and India will push the global demand for raw steel-making ingredients by as much as 68 percent between 2010 and 2025, according to mining giant BHP Billiton on Friday.
Google has responded to Microsoft and Samsung's agreed to a cross-licensing deal by accusing Microsoft of extortion.
Chinese grain harvest posted its eighth consecutive increase this year but it will still failed to stabilize domestic prices as supplies continue to struggle to meet growing demand.
AFTERNOON REPORT
(4.30pm AEST)The Australian share market ended what has been another volatile week on a flat note, despite attempting a rally in early trade. The All Ordinaries Index (XAO) added 2.2pts or 0.1pct to 4070.1 while the S&P/ASX 200 Index (XJO) firmed by 0.3pts to 4008.6.
Commonwealth Bank will not be increasing fees for its existing merchant customers amid industry changes to interchange fees beginning Saturday.
China's manufacturing sector continued to contract for the third straight month in September due to weaker global consumer demand, showing proof that even the world's second-largest economy is not immune to the financial crisis.
Japanese alcohol and soft drinks manufacturer, Asahi, has completed the acquisition of the Independent Liquor Group, which includes Independent Liquor in New Zealand and Independent Distillers in Australia for NZ$1,534million (approximately 98 billion Yen).
Australia's biggest grocery wholesaler Metcash today completed the transaction to acquire the Franklins chain of supermarkets from Pick n Pay Retailers.
MIDDAY REPORT
(12pm AEST)It has been a volatile session of trade so far today, with the Australian sharemarket losing ground after posting gains for the first two hours of trade. The All Ordinaries index (XAO) is down 0.4 pct or 17.4 pts to 4050.5. Almost all sectors are lower with weakness from the financials and miners holding the market back.
Representing one of the most agriculturally bio-diverse nations in the world, India has become a primary target for biotechnology companies like Monsanto and Cargill to spread their genetically-modified (GM) crops into new markets.
Germany voted to support the European Stability Fund overnight, a welcome decision.
