BUSINESS

New Zealand Minister, Economists Slam U.S. Analyst for 'Alarmist' Article on NZ Economy Going to Recession

New Zealand economists have rejected the claims of an analyst writing for U.S. magazine, Forbes, that the country is headed for "a major fall." Jesse Colombo wrote in a Forbes column that New Zealand's housing market was "overvalued" and an increase in interest rates could lead to recession. The 28-year-old analyst suggested that along with Australia, Canada and other countries, New Zealand's economic bubble could burst. Mr Colombo said the bubble could pop and he expected it ...
Yahoo CEO Marissa Mayer Speaks During Her Keynote Address at the Annual Consumer Electronics Show in Las Vegas

Yahoo President/CEO Marissa Mayer Already Has Support from Apple for Her Yahoo-Over-Google Plan

Yahoo CEO Marissa Mayer has set aggressive plans to confront Google head on by convincing Apple to make Yahoo the default search engine in the iPad and iPhone's Safari Web browser. She is well backed up by Adam Cahan, senior vice president for mobile and product search department of Yahoo, and already supported by a longtime acquaintance inside Apple and some of its executives.
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Australian Stock Market Report – Afternoon 4/17/14

The ASX 200 ended Thursday's session with a flourish having posted highs in the late morning. The index tapered away in the afternoon although it kicked higher to end the week with a gain of almost 0.5%. This was a noteworthy turnaround considering the weak tone that marked the early part of the week.

Global Markets Overview – 4/17/14

US equities advanced yet again as earnings continued to underpin confidence in the recovery and US data encouraged. With no fresh negative tape out of the Ukraine sentiment remained positive.

Australian Stock Market Report – Morning 4/17/14

In US economic data, housing starts rose by 2.8% to an annual rate of 946,000 in March, below expectations for a result near 973,000. Industrial production rose by 0.7% in March, above expectations for a gain of 0.5%.
Shoes are Displayed in the Nike Store in Santa Monica in This File Photo

Forbes: Nike's China Sales a Growing Concern

Nike has shown good performance in overall sales and continues to gain growth worldwide. But the popular sports brand still faces a tough challenge with its projected sales in China.

Australian Stock Market Report – Afternoon 4/16/14

The Australian sharemarket closed above 5400pts, partly boosted by a slightly better than expected Chinese economic growth. The All Ordinaries Index (XAO) jumped 0.6 per cent to 5412.6. On Monday the local market sank to three-week lows. Volume has been subdued due to public holidays.
A woman stands behind a digital Bitcoin wallet during the Inside Bitcoins: The Future of Virtual Currency Conference in New York April 8, 2014. REUTERS/Lucas Jackson

First Bitcoin ATM in Australia Launches in Sydney

Australia has launched its first Bitcoin ATM in Sydney despite troubles and a threat from the National Australia Bank (NAB) that it will close the accounts of businesses trading in crypto-currencies, including Bitcoin.
Gold Near Two-week High as Ukraine Tensions Boost Safe-haven Bids

Global Markets Overview – 4/16/14

Global equities were mixed with US markets continuing their recovery, while European and emerging markets struggled. US markets struggled early as China growth fears and Ukraine concerns weighed on equities, but they managed to reverse on earnings optimism. Earnings from Johnson & Johnson and Coca Cola impressed, while Intel came in mildly better than expected.

Australian Stock Market Report – Morning 4/16/14

In US economic data, the headline and core measures of consumer prices (the latter excludes food and energy) both rose 0.2% in March, above forecasts for a 0.1% gain. The New York Federal Reserve manufacturing index eased from +5.61 to +1.29 in April. And overall capital flows into the US lifted from US$83 billion in January to US$167.7 billion in February.

Australian Stock Market Report – Afternoon 4/15/14

The Australian sharemarket partly made up for the substantial losses recorded on Monday. The All Ordinaries Index (XAO) rose by 0.5 per cent after recording its worst performance in four weeks yesterday. The index failed to finish above the key 5400pt level. It was a quiet session on the volume front, with only $3.9 billion worth of shares changing hands leading up to a number of public holidays.

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