The New Zealand dollar fell to its six-week low against the U.S. dollar after the Reserve Bank governor, Graeme Wheeler, said the strength of the Kiwi was "unjustified." This paved the way for the Reserve Bank of New Zealand to intervene in the currency exchange market.
Reissa Su Jul 24, 2014
At least 32,000 people in Taiwan were left without power supply after typhoon Matmo pummeled the east Asian country. Matmo has likewise made landfall in China, the country's second weather disturbance within a week.
Jul 24, 2014
Yahoo!, which owns a 24% stake in Alibaba, said that the Chinese e-commerce giant that is launching an initial public offering (IPO) sometime in August has agreed to the tech firm's request to reduce the maximum number of shares it sells in the launch to 140 million from the initial plan of 208 million.
Vittorio Hernandez Jul 24, 2014
It was another positive night for equities, with gains through European and US trade mainly driven by optimism around US corporate earnings. Geopolitical risk was largely ignored yet again with traders favouring equities.
Vittorio Hernandez Jul 24, 2014
It is not only Australians who would be affected by the cuts made in Radio Australia's budget, but also residents of nearby Pacific isles who rely on the broadcaster for weather updates.
Vittorio Hernandez Jul 24, 2014
IMF released updated US growth forecasts. US growth forecasts for 2014 were lowered from 2% to 1.7%. 2015 growth forecasts were kept at 3% - which would be the fastest expansion since 2005. The IMF believes the Fed can keep policy rates at zero for longer than mid-2015 if inflation stays subdued.
Vittorio Hernandez Jul 24, 2014
Three of the big four banks in Australia cut their fixed interest rates on Wednesday to below 5 per cent as part of a rate war among the lenders. The rate war provides borrowers the opportunity to enjoy record-low interest rates on the long term.
Vittorio Hernandez Jul 24, 2014
Today was a solid day for the markets and investors at last we saw the market putting some good ruins on the board and the ASX 200 hit a new 6 year high. The market was boosted by positive quarterly numbers from BHP Billiton Limited (BHP) and a strong rally into bank, insurance and transport stocks.By the end of trade the All Ordinaries Index had added 33 points and the ASX up 0.6% to 5576.7 points. The market trading volume increased today to 2.3Billion shares and all sectors closed higher.
Vittorio Hernandez Jul 23, 2014
The consensus in the global aviation industry is that embattled Malaysian Airlines is teetering on the brink of bankruptcy. With two major air mishaps that could create a minimum $80 million hole in the Kuala Lumpur-based company's shaky finances, it would not be a surprise to hear the air carrier announcing its closure soon.
Vittorio Hernandez Jul 23, 2014
Major U.S. airlines suspended their flights to Israel on Tuesday, July 22 after a rocket attack on the Ben Gurion International Airport in Tel Aviv.
Sounak Mukhopadhyay Jul 23, 2014
After a solid session on Wall Street the Australian market opened higher. Our market boosted by positive quarterly numbers from BHP Billiton Limited (BHP) and money going back into the banking sector.
Vittorio Hernandez Jul 23, 2014
Travelers going in and outside of China are being advised to brace for potential delays and worst, flight cancellations in the next three to four weeks. The country's People's Liberation Army is currently conducting military drills over the East China Sea, thus imposing "air traffic restrictions."
Esther Tanquintic-Misa Jul 23, 2014
Two tech world giants, Apple and IBM recently decided to partner up on a project and expand their market.
Christine Joy Dacanay Jul 23, 2014
Five days after the downing of Malaysia Airlines MH17 over eastern Ukraine, leaders of the European Union finally met on Tuesday to deliberate sanctions against Russia. They agreed imposing travel bans against high-ranking Russian government officials as well as mounting a new round of asset freezes.
Esther Tanquintic-Misa Jul 23, 2014
The fruits peaches, plouts, nectarines, and plums which come from California were being recalled in the United States and Canada for possible contamination of bacteria called Listeria monocytogenes.
Ma Evelyn Castino Quilas Jul 23, 2014
A restructuring plan meant to be announced in 2015 to save the embattled Malaysia Airlines could be already revealed this August.
Esther Tanquintic-Misa Jul 23, 2014
Apple Inc has released its official Q3 earnings report after the end of market trading on July 22. The company posted profits of $7.7 billion from a $37.4 billion in revenues. Apple CEO Tim Cook wrote in the earnings release that the company's record June quarter was due to the strong sales performance of the iPhone, Mac and continuous growth of the iOS ecosystem.
Reissa Su Jul 23, 2014
Global macro concerns may have outweighed trading yesterday due to light reporting; however out of the 36 individual companies that reported to the market, 79% beat expectations, meaning bottom-up actuals outpaced the global gloom being generated by geopolitics.
Vittorio Hernandez Jul 23, 2014
In US economic data existing home sales rose for the third consecutive month in June, up 2.6% to an annual rate of 5.04 million - an eight month high. The Consumer Price Index rose 0.3% in June to be up 2.1% over the year. Gasoline accounted for two-thirds of the gain lifting by 3.3% in June. Stripping out food & energy prices, core CPI rose by a tame 0.1% in June to be up 1.9% on year ago.
Vittorio Hernandez Jul 23, 2014
Following the success of the Abbott government to repeal the carbon tax law, BHP Billiton (ASX: BHP) is challenging the Coalition to also repeal another tax initiated by the past Labor government under former Prime Minister Julia Gillard - the mining tax.
Vittorio Hernandez Jul 23, 2014
Paula Bennett, the Local Government minister in New Zealand has called for innovative steps to ensure public participation in undoing archaic rules and regulations, reports NZ Herald. The reformist minister hit out at the hard rules choking citizens even in silly matters like signage for cake stalls or position of shower curtains.
Kalyan Kumar Jul 22, 2014
The largest snack food company in New Zealand is sold to the Philippines' Universal Robina Corporation (URC) for NZ$700 million or US$609 million. Griffins, owned by Pacific Equity Partners which is a private equity fund manager in Australia, will be paid NZ$100 immediately.
Reissa Su Jul 22, 2014
It was another very quiet day on the Aussie market with total market turnover only at 2Billion shares well down own the daily average. Investors nervous about entering the market at present and larger investors sitting the day out from trading ahead of tomorrow´s June quarter inflation numbers (CPI).
Vittorio Hernandez Jul 22, 2014
Fairfax Media Chief Executive Greg Hywood reaffirmed the company's commitment to radio amid talks it is discussing a merger with Macquarie Radio Network. He said at a Melbourne Press Club event that the 180-year-old newspaper company is thriving, while adjusting to new commercial reality and creating new revenues.
Vittorio Hernandez Jul 22, 2014
McDonald’s and KFC workers allegedly kept food on the floor before serving their customers. They have also been accused of mixing fresh meat with “expired” meat.
Sounak Mukhopadhyay Jul 22, 2014
Health Canada has ordered processors and sellers of mechanically tenderized beef meat to label their packages effective August 21.
Esther Tanquintic-Misa Jul 22, 2014
Foxconn and Pegatron Corp, the manufacturing partners of Apple Inc, will start mass production of 4.7 inches iPhone 6 on the third week of July and 5.5 inches iPhone 6 on the second week of August
Karen Wong Jul 22, 2014
Usually a 2 points gain at the start of trade would not be seen as a strong start but since the SPI futures had our market set for a decline and we had weakness in overseas market this was a good start. But the joy was short lived with the market moving into the red within 30 minutes of trade.
Vittorio Hernandez Jul 22, 2014
Only Shanghai gained 0.17 per cent or 3.48 points to 2,059.07 over the weekend at the close of bourses in the Asian market, while most of the major stock exchange in the region logged losses after the Malaysia Airlines Flight 17 was hit by a missile and crashed on Thursday.
Vittorio Hernandez Jul 22, 2014
Mourning families and loved ones of the 298 lives that perished from the downed Malaysia Airlines MH17 may have to condition themselves to further bear the painful accident. Investigators looking into the aviation accident said the probe could stretch into a year.
Esther Tanquintic-Misa Jul 22, 2014
