A global gold-trading platform is being planned in the pilot Shanghai free-trade zone, and ANZ Bank wants to play a role in it. The trading platform is seen as a potential challenger to the London and New York exchanges.
The Australian share market was sold off today, meaning that the gains for the month were virtually wiped out. The All Ordinaries Index (XAO) closed lower by 25.4 points or 0.5 per cent today to 5473.8.
The U.S.' Centers for Disease Control has reneged on its earlier observations that the Illinois man believed to have been the country's third MERS-CoV case contracted the disease from human-to-human transmission from the Indiana man. The latter is the U.S.' second confirmed case.
Google has recently released its "self-driving car" to some people and went for a test drive.
Canada's Athabasca Glacier, the most visited glacier in North America, is losing five metres (16 feet) of ice per year that scientists forecast the immediate next generation of Canadians and tourists won't be able to see and enjoy them anymore.
The Cupertino-based tech giant Apple confirmed that it is buying 'Beats' for a whopping US$3 billion. For those unfamiliar with 'Beats', it is an American audio products and equipment producing company, founded by the famous rapper Andre 'Dr. Dre' Young.
Apple Senior Vice President told Re/code Apple’s products of 2014 are the best in 25 years.
The Australian sharemarket is losing ground for the second straight day but for just the second time in a fortnight at lunch. Continued weakness in the iron ore price (Australia's biggest export) is placing the miners under pressure. U.S. markets managed to rise overnight despite recording its first quarterly economic contraction in three years overnight. The All Ordinaries Index (XAO) is down 0.2 per cent.
A middle-aged US couple from California is now several millions richer after deciding to auction off the 1,427 rare gold coins they unearthed in their backyard discovered while having a leisure stroll with their dog.
The S&P rallied to yet another record high, despite US Q1 GDP being revised lower to a 1% contraction. Not only did the S&P print a record high, it also closed at a record high of 1,920. This is a very encouraging sign heading into the weekend as it shows the momentum finished firmly to the upside. Unemployment claims for the week dropped sharply to 300,000, which was much better than the expected 321,000. This essentially took the four-week average down to 311,000 and sets next week's non-fa...
In US economic data, March quarter GDP was revised lower from +0.1% to a -1% annual contraction. It was expected to decline by -0.5%. The result was affected by the adverse weather conditions earlier in the year. US pending home sales increased by 0.9% to 97.8 in April, mildly below expectations of 1% increase. Sales are down 9.2% on a year ago. US jobless claims fell by 27,000 to 300,000 last week.
German Chancellor Angela Merkel retained her most powerful woman status Forbes magazine's list released on Thursday. It is the fourth straight year that she was recognised for wielding power, but she has been number 1 on the list nine times.
Apple Inc. has finally confirmed it was buying out Beats Electronics for $3 billion after deal rumors began circulating in recent weeks.
Sellers returned to the ASX on Thursday having been absent in any meaningful fashion for 7 sessions. Bulk miners were the weak spot after the price of iron ore continued to fall in the last day to the lowest levels seen in 2 years;around $US 97.00 per tonne levels. Telecoms were the best improved group in a falling market. Telstra shares rose by four cents or 0.25 per cent, although recent commentary from the telco which included talk of offshore expansion plans was met with not great cheer by i...
German telecom Deutsche Telekom hinted on a September 19 release date of iPhone 6
The State Assembly of New York on Tuesday has passed a legislation legalising medical marijuana in the area. But will it also sail through the Senate this time? This is the fifth time, in a span of 7 years, the assembly has passed a medical marijuana bill.
The Australian sharemarket is slipping for the first time since last Monday, with the All Ordinaries Index (XAO) down 0.3 per cent. A weak lead from Wall Street overnight and softer commodity prices are both drags.
The Apple and Beats Audio Electronics acquisition is confirmed. Dr. Dre is going to be a billionaire with the biggest deal investment Apple has ever made in its company's history.
The S&P pulled back from its record close, with investors exercising some caution and on mild profit taking. There was nothing on the US economic calendar to really drive sentiment and as result investors looked ahead to the GDP reading, which is due out later today. US GDP is expected to be revised to a negative print, with most analysts feeling this is consistent with a handover into Q2, which is then expected to show a bounce-back. Some Fed members anticipate growth of nearly 3% for Q2. Shoul...
Miner Andrew Forrest plans to venture outside the mining industry by looking into the possibility of exporting beef to China. He said on Thursday that he would place in his luggage sample parcels of steak for his next trip to China.
In US economic data, the weekly mortgage market index fell by 1.2% with the purchase index down 1.1% and the refinance index down 1.8%. According to Redbook Research, weekly chain store sales fell rose by 3.2% on a year ago, down from the 3.9% annual gain in the previous week. The Dallas Federal Reserve services index eased from +18.5 to +13.1 in May.
Naked 3D scanners, which used to be found only in major international airports, are now in shopping centres in Australia. The use of these devices has raised privacy and security concerns among Aussie shoppers.
Apple Inc appears to be back on track in the stock market with analysts saying the company's stock will continue to gain even if Apple will not push through with the rumoured smart home automation system. Meanwhile, mobile marketing firm Swrve, revealed that Apple's iOS generated more revenue than the Android OS.
The Australian share market continued its good run during the month of May, rising 0.3 per cent today to close near 2014 highs. The All Ordinaries Index (XAO) was higher by 16 points to 5506.7 while the ASX 200 (XJO) was up 15.5 points to 5527.
Residents in a large part of UK have been advised to prepare and brace for flash flooding and major traffic disruptions in the next 48 hours.
Optus Australia announced a partnership with Shark Mitigation Systems in creating world-first digital shark detection technology
South Korean automaker Hyundai Motor Co is now the greenest automaker in the United States, unseating Honda Motor Co of Japan, based on the latest Automaker Rankings report released by the Union of Concerned Scientists' (UCS).
The cost of New Zealand properties may be reduced with more apartment blocks and "granny flats", according to a property expert. The lack of affordable housing has made one school a "revolving door" as more students are forced to move out because of problems with their parents' finances.
Local stocks benefitted from some US direction overnight with Wall St overnight returning from a long weekend. The broader US market continued to grind higher following better economic readings. This translated to a positive start for local stocks with the ASX 200 trading higher by around 20 points in early trade. As lunch time drew closer the market gave up some its gains, although it remained in the range of positive territory.
Australian chemicals company, Orica, announced on Tuesday that it filed an application for toxic waste material to be shipped to France
