By Greg PeelThe Dow fell 179 points or 1.6% while the S&P dropped 2.1% to 1151 and the Nadaq lost 2.2%.
Admin System Sep 29, 2011
Australia is the 7th best country in the world to mine, a global survey released on Thursday said. It was a big jump from Australia's 26th place in 2010 in ResourceStocks magazine's annual World Risk Survey.
Vittorio Hernandez Sep 29, 2011
US durable goods orders fell by 0.1pct in August after rising by 4.1pct in July. Economists had expected a flat result. Non-defense orders excluding aircraft rose by 1.1pct
Lawrence Villamar Sep 29, 2011
The Australian dollar has opened weaker this morning currently trading around USD 0.9740, after reversing gains which saw it trade to a high of USD0.9950 during the European session.
Christine Gaylican Sep 29, 2011
It's now clear that gold and silver have emerged as the major casualties of the current sell-off, only 10 days after gold dealers and several leading forecasters predicted the price would top $US2,000 an ounce by the end of the year.
Jamelle Agbuis Sep 29, 2011
As we pointed out in Air Weekly last Friday, the Asian region is a beacon of economic growth and stability, despite the shockwaves from the eurozone and the stuttering US economy rolling over the area.
Jamelle Agbuis Sep 29, 2011
According to an advance copy of the Woolworths's annual report, the about to retire CEO Michael Luscombe took a $2.6 million pay cut in the 2011 financial year, but still managed to sound confident about the retailer's outlook, despite its toughest year for more than a decade.
Jamelle Agbuis Sep 29, 2011
Agricultural chemicals group, Nufarm says it's aiming to boost earnings in 2012 after another difficult year in 2011.
Jamelle Agbuis Sep 29, 2011
While the headline in the latest National Australian Bank Residential Property Index was gloomy with a 14 point drop reported for the September quarter (and for the second quarterly fall in a row), the detail of the report revealed a case for a bit more optimism.
Jamelle Agbuis Sep 29, 2011
All good things have to come to an end and unfortunately the S&P 500 could not make it four out of four successive gains. US equities saw selling right up until the close, with the bears easily winning the session. The NASDAQ was the worst performer, losing 2.2% while the S&P fell 2.1% and the Dow Jones Industrial Average shed 1.6%.
Christine Gaylican Sep 29, 2011
The Australian sharemarket rose almost one per cent in the second day of gains, as markets recovered from last week's massive losses on hopes of a solution to Europe's debt crisis. However, the market investors remained unsure whether a solution to the crisis could be found amid conflicting media reports. The benchmark S&P/ASX200 index had risen 34.9 points, or 0.87 per cent, to close at 4,039.5, while the broader All Ordinaries index rose 34.2 points, or 0.84 per cent, to 4,097.7.
Christine Gaylican Sep 29, 2011
US durable goods orders fell by 0.1pct in August after rising by 4.1pct in July. Economists had expected a flat result. Non-defense orders excluding aircraft rose by 1.1pct. And applications for US mortgages rose by 9.3pct last week as refinancing demand rose in response to lower mortgage rates. The index of refinancing applications rose by 11.2pct while loans to purchase new homes rose by 2.6pct.
Christine Gaylican Sep 29, 2011
In the recently published 2011 IT Industry Competitive Index report, South Korea ranks 19th place with 60.8 points.
Kay Aviles Sep 29, 2011
(4.30pm AEST)Investor confidence remained strong today, with the local market managing to hold onto and add to yesterday's 3.5pct gain. Markets around the Asian region were generally firmer, after the Greek parliament approved a contentious property tax law which is crucial to its austerity plan and its commitments to secure bail-out funds. The local share market lost a little steam in afternoon trade but closed higher by 0.8pct, with the All Ordinaries Index (XAO) adding 34.2pts to 4097....
Christine Gaylican Sep 29, 2011
South Korea's ruling Grand National Party seeks to ameliorate relations with neighbor North Korea through economic cooperation and humanitarian assistance, The Korea Times reported.
Kay Aviles Sep 29, 2011
Japanese Finance Minister Jun Azumi announced on Tuesday that his government is willing to shoulder a portion of the burden in connection with the rescue proposal for Greece if the EU can put together a logical plan to reduce market worries.
Joseph Alan Alonso Sep 29, 2011
Energy giant BP on Wednesday has called on the NSW government to reconsider its decision to extend its policy on mandating both biodiesel and ethanol-blended petrol in NSW.
Sharon Olalia Sep 29, 2011
The Australian and New Zealand dollars dropped against their Japanese and U.S. counterparts as fears that the global economy woes may worsen.
ranina sanglap Sep 29, 2011
The European Commission (EC) announced on Wednesday that the European Union has proposed a financial transactions tax that is set to take effect in 2014.
Joseph Alan Alonso Sep 29, 2011
Facebook has denied it monitors users who have logged out of the service. Australian hacker Nik Cubrilovic this week accused Facebook of using to cookies to track users even after they've logged out of the site.
ranina sanglap Sep 29, 2011
Signing the largest leasing deal in the history of the Ipswich CBD, the Queensland Government has secured the entire commercial component of the new nine-story office tower being developed as part of the $1 billon Ipswich City Heart development.
Sharon Olalia Sep 29, 2011
Just in time for the Christmas buying and spending season, Toshiba announced on Tuesday plans to offer a whole new range of affordable laptops and netbooks in October. A Toshiba laptop will be readily available to suit anybody's needs and budget. Prices range from $300 to $630.
Esther Tanquintic-Misa Sep 28, 2011
A controversial group buying campaign conducted by a consumer group will not undermine brokers, one of its non-bank participants has claimed.
Jamelle Agbuis Sep 28, 2011
RP Data has previewed upcoming house price data, saying little recovery is expected in August.
Jamelle Agbuis Sep 28, 2011
China's massive importation of soybean and rapeseed oil, including palm, is seen to cause a global imbalance in the production and supply chain of the commodity, Hamburg-based researcher Oil World said.
Esther Tanquintic-Misa Sep 28, 2011
Don't expect the iPhone 5 to be something different from iPhone 4. Chances are they are just the same device with a few upgrades in hardware and updates on the iOS. Consider it a smaller iPad 2 without the iPhone 4's antenna issues.
William Endo Sep 28, 2011
Hopes of a coordinated European bailout plan propelled copper futures to end sharply higher Tuesday, with December delivery reaching 15.65 US cents, or 4.5 per cent, to $US3.4395 per pound on the Comex division of the New York Mercantile Exchange.
Esther Tanquintic-Misa Sep 28, 2011
First Home Buyers in New South Wales are acting quickly upon pre-approvals in an effort to beat the clock before the stamp duty concession runs out at the end of the year.
Sharon Olalia Sep 28, 2011
The Housing Industry Association (HIA) sought on Wednesday for interest rate cuts amid weak home sales.
Vittorio Hernandez Sep 28, 2011
Be careful and don't take the sharp rebound in markets for granted or think it's the sudden emergence of an uptrend.
Jamelle Agbuis Sep 28, 2011
