In US economic data, the Philadelphia Fed business activity index fell from 22.5 to 20.7 in October. Across the sub-indices new orders and prices paid lifted while employment eased. The NAHB Housing market index fell from 59 to 54 in October - the first decline in five months and suggested moderation in the pace of new construction. US industrial production rose by 1% in September, well above forecasts. Strength in mining and utilities drove the result. US jobless claims fell 23,000 to 264,000 l...
Vittorio Hernandez
Oct 17, 2014
The CDC may need to rework some of its guidelines after the dreaded west African Ebola virus has successfully infected its second American victim right inside the U.S. homeland.
Esther Tanquintic-Misa
Oct 16, 2014
It seems Catholic bishops arent softening their stand yet towards gays.
Esther Tanquintic-Misa
Oct 16, 2014
Never step into a foreign country without knowing these phrases.
Vanessa Doctor
Oct 16, 2014
Heidi Montag's ad was dumped after Facebook users complained.
Anne Lu
Oct 15, 2014
Having started Wednesday on the front foot, trading higher from the opening bell Australian shares consolidated early gains by finishing off the best levels of the day. The ASX 200 finished the session ahead by 38 points or 0.73%. At the best levels of the day the index was ahead by 46 points. The lows of the Wednesday were seen in opening trade when the market was down by 1 point.
Vittorio Hernandez
Oct 15, 2014
Germany is one of the biggest economies in Europe and new data suggests that the country is at the risk of diving into a recession.
Sachin Trivedi
Oct 15, 2014
Canada has started the human clinical trials of the vaccine it developed against Ebola.
Esther Tanquintic-Misa
Oct 15, 2014
Two technology giants have upped the game insofar as retaining their employees are concerned. Apple and Facebook are offering their female workers up to $20,000 to have their eggs frozen so they could keep their engagement with their companies while tapping science to ensure they could still bear children when they decide to later.
Vittorio Hernandez
Oct 15, 2014
Guerrilla groups in Syria are pouncing on the ISIS jihadi fighters.
Esther Tanquintic-Misa
Oct 15, 2014
US equities remained choppy as investors juggled various factors, including a raft of key earnings. JP Morgan, Citigroup and Wells Fargo reported, with the dominant theme a pick-up in trading revenue. Earnings were mixed and didn't really give a good picture of what to expect from Q3 earnings. Earnings that enjoyed the biggest positive reaction were Citigroup and Intel. Intel reported after-market and impressed, resulting in a 2.8% rise in its shares.
Vittorio Hernandez
Oct 15, 2014
After hitting record-low iron ore prices in the international market, there are indicators that the market has bottomed out. On late Monday, price of the key steelmaking ingredient went up 4 per cent, logging its largest one-day gain in seven months.
Vittorio Hernandez
Oct 15, 2014
A new model of a Japanese love doll is the toast of bachelor parties because the plaything also doubles as a drink dispenser. It comes, however, with a high price tag of $5,000.
Vittorio Hernandez
Oct 15, 2014
China has developed a vaccine that could potentially save and cure Ebola-stricken patients.
Esther Tanquintic-Misa
Oct 15, 2014
Rating agency Standard & Poor's downgraded on Monday Finland's credit rating to AA+ from AAA over concerns that the pace of its economic growth is slower. The next day, Finnish Prime Minister Alexander Stubb blamed American tech giant Apple for the economic woes of the nation.
Vittorio Hernandez
Oct 15, 2014
European shares recovered in late trade on Tuesday, after hitting an eight-month low earlier in the session. The better earnings results out of the US and rally in US equities prompted the turnaround. Earlier concerns about euro zone growth weighed on markets. The German ZEW monthly survey of economic sentiment fell for a 10th straight month to minus 3.6, the weakest result in almost two years. The FTSEurofirst 300 index rose by 0.1% while the UK FTSE gained 0.4% and the German Dax lifted by 0.2...
Vittorio Hernandez
Oct 15, 2014
Hong Kong and Singapore are the top two countries in this year's annual index of the world's freest economies.
Revathi Siva Kumar
Oct 14, 2014
Local shares posted one of their better gains of the year today with the All Ordinaries Index (XAO) rising by 1 per cent or 50.9pts to 5204. Despite the improvement, the market's downtrend remains firmly in place with losses of over 8 per cent recorded since the start of September. The next support level for the ASX 200 is around 5070.0.
Vittorio Hernandez
Oct 14, 2014
Caltex Australia finally closed on Tuesday its 58-year-old oil refinery in Kurnell, Sydney. The oil and gas giant now runs the facility as a fuel import terminal. It spend $270 million over two years to convert the plant.
Vittorio Hernandez
Oct 14, 2014
The new Apple Pay system will launch in at least 18 retail outlets on Saturday, said a leaked memo from Walgreens and posted by MacRumors.
Vittorio Hernandez
Oct 14, 2014
US shares slumped overnight in thin holiday trade. The Dow Jones fell by 1.4 per cent while the broader S&P500 dropped by 1.7 per cent. Investors are holding their breath for a barrage of profit results from some of America's biggest banks this week. Citigroup, JP Morgan Chase and Wells Fargo are all scheduled to issue third quarter results tonight.
Vittorio Hernandez
Oct 14, 2014
Gadgets designed specifically to connect computers and smartphones to the Internet may soon be a thing of the past as the technology world moves toward the Internet of Things.
Vittorio Hernandez
Oct 14, 2014
A lack of macro news overnight meant markets were left to their own devices, which led to all sorts of indictors and moving averages being triggered.
Vittorio Hernandez
Oct 14, 2014
In a move that seems like a slap on Malaysia Airlines, the widow of a New Zealander who is one of the passengers of the missing Flight MH 370 rejected a $50,000 compensation offer from the air carrier.
Vittorio Hernandez
Oct 14, 2014
Despite the low price of coal in the international market, mining giant BHP Billiton (ASX: BHP) pushed through on Monday with the opening of its $3.4-billion Caval Ridge coal mine in Bowen Basin, Queensland.
Vittorio Hernandez
Oct 14, 2014
In Chinese economic data released yesterday, the trade surplus narrowed from US$49.83 billion to US$31.0 billion in September with exports up 15.3% on a year ago with imports up 7%.
Vittorio Hernandez
Oct 14, 2014
Twitter's CEO and employees have received death threats from the ISIS.
Esther Tanquintic-Misa
Oct 13, 2014
The Australian market has slumped for the fifth time in six days and remains near an eight-month low. The All Ordinaries (XAO) slipped by 0.6 per cent and local stocks have shed 9.5 per cent from the highs reached at the start of September. The strength in the US dollar and recent concerns of sluggish world growth have been two drivers.
Vittorio Hernandez
Oct 13, 2014
Russia said it is ready to produce three Ebola vaccines in the next six months.
Esther Tanquintic-Misa
Oct 13, 2014
Local shares continue to fall and one of the most common exchanges between market participants at present turns around the level at which the ASX 200 will ultimately find some durable support with the index now down by more than 3 per cent year to date. European shares fell sharply to end last week, driven by continuing concerns about the health of the German, and broader European economy. US share markets were led lower by the technology stocks. Over the course of the week the Dow Jones lost 2....
Vittorio Hernandez
Oct 13, 2014