BUSINESS

It was a busy night on the US economic calendar with the ADP jobs report and comments from Fed chair Janet Yellen hitting the wires. The ADP non-farm employment change came in at a much-better-than-expected 281,000, smashing estimates of 207,000. This saw expectations ramp up as we head into the official non-farm payrolls reading later today. With the July 4thIndependence day holiday on Friday, the data is being released on Thursday instead of the traditional Friday. The market is expecting to s...

Federal Reserve Chair Yellen delivered a speech at an IMF conference in Washington. She believes that raising interest rates to fight asset bubbles would be a bad idea, instead she argued better regulation would mitigate financial risk.

Apple Inc. stock is reaching a new all-time high and is completing a record breaking June quarter according to analysts

Despite the recent protest against the operation of its rare earths facility in Malaysia, Australian miner Lynas said on Wednesday that it would move the company's headquarter to Kuala Lumpur from Sydney to cut costs.

Up to 75,000 jobs in Australia's mining industry are at a risk of being lost as the country enters the third phase of the resources boom, a report from ANZ warned.

Nikkei, a Japanese financial site, has reported mockups of iPhone 6 spread across media which are only rough estimates of what its sources from the supply chain have in their hands.

Apple Inc. has been beaten by Google, Microsoft and Walt Disney in the FutureBrand Top 100 Index. Consumers were asked to rate brands based on their experiences. Research firm Futurebrand seeks to "define and deliver future brand experiences."

The Australian share market rebounded solidly on Wednesday, following another record high for US blue-chip stocks during Tuesday's trade.

The Australian sharemarket is improving for the first time in three days, with fresh record highs in the U.S. and a firmer iron ore price helping. The All Ordinaries Index (XAO) is 0.9 per cent higher, making it the best day for local shares in a fortnight.

Rumours of an impending shakeup has forced Ernst von Freyberg, chairman of embattled Vatican Bank, to step down ahead of confirmations, Italian media reported earlier.

Ofcom, the broadcast media regulator in the UK, just approved 10 new digital radio stations. It is the result of the auction of a second national digital radio multiplex seven years since the regulator made the first multiplex available.

Controversial CEO for Hon Hai, Terry Gou, hints at Apple Inc.’s robotic factory

Global markets focused on a broad recovery in manufacturing in some key economies. China's numbers in Asian tradeyesterday set the tone and this carried through to European and US trade where we also received some encouraging manufacturing numbers. After an ordinary Q1, it certainly looks like the US is on track for a Q2 rebound, and this encouraged some positive price action across the equities space.

Google Impact Challenge launched in Australia

In US economic data, the ISM manufacturing index eased from 55.4 to 55.3 in June. A figure above 50 indicates expansion. The sub index of new orders hit a six-month high, a good sign for business capital spending. On a negative note export orders were weaker. The Markit US Manufacturing PMI rose to 57.3 in June - the highest since May 2010. US construction spending rose by a lower than expected 0.1% in May.

The first day of the new financial year was much like the last in that sellers remained in control of the share market. The ASX 200 made new lows in the last hour of trade, although the index was able to finish the session off those levels. Compared to Monday where there were losses across the board, Tuesday was slightly more positive with a number of sectors ending with gains for the day.

It's been a bit of a choppy start to the new financial year for Australian stocks. The All Ordinaries Index (XAO) has been in and out of positive and negative territory, reaching a high of 5400 points and a low of 5371.6 points. At lunchtime in the East the All Ords is down 0.1 per cent to 5378.1 points.

Concerns of radiation from Fukushima affecting Alaskan seafood have been ruled out by the U.S. Food and Drug Administration.

A joint research conducted by PricewaterhouseCoopers (PwC) and the Urban Land Institute (ULI) claimed that 2014 will be the year when real estate markets "recover from the recovery," as buoyed by steadily growing demand for commercial real estate properties.

Defying odds, US space agency NASA will relaunch today a satellite that will track the global warming-inducing carbon dioxide levels and its effects around the world.

Global markets wrapped up the second quarter of the year on a mixed note on the back of some mixed economic data. In US trade, Chicago PMI missed estimates, while pending home sales came in well ahead of estimates. The housing market certainly continues to show some strong signs of improvement and this is helping lift confidence. Despite some encouraging data, the US dollar broadly lost ground, with the dollar index slipping below 80 for the first time since May. GBP/USD finally managed to break...

US San Francisco Fed President Williams (non-voter) spoke overnight and reiterated that he does not expect the Fed to raise interest rates ´´for some time´´. Although he did not specify what time period he had in mind, he has previously said that he expects a move in the second half of 2015.

Angry Mexicans have vowed never to ride again in Dutch air carrier KLM after the airline posted a racist tweet after Mexico lost to The Netherlands on Sunday in the ongoing World Cup games in Brazil.

The second-largest private hospital operator in Australia, HealthScope, said on Monday that it would seek up to $2.6 billion through an initial public offering. It would be the biggest IPO in the country since 2010.

Blackberry CEO John Chen wants to believe that the Canadian technology company is not yet dead, despite all signs pointing to an imminent for the once number 1 technology firm in the world.

Although China's red-hot economy has slowed down, the Asian giant is still the envy of many western economies that suffered contraction after the global financial crisis in 2008, while Beijing was logging double-digit GDP growth rates. However, a report by Bloomberg released on Monday indicated that the price of success of China's economic miracle is overworked workers that some were literally dying on their work stations.

IBM completes is nearing completion of its $1.2 billion global investment with Softlayer data centre in London.

The Australian share market ended the last trading day of the 2013/14 Financial Year in the red, however it has still been a solid 12 months for investors.

Sellers have been largely unopposed in the first part of the session on Monday. Almost every sector measured by the ASX has been in retreat in the absence of any strong lead from Wall St. Mining stocks were generally lower although the influences from underlying prices weren't significant. Base metal prices ended mostly lower, but nickel and zinc - both metals subject to supply-side issues currently - bucked the trend and finished higher. Precious metals were mixed, while global crude oil ben...