BUSINESS

Carbon dioxide emission

Abbott Government Allocates $2.5 Billion for Heavy Industries to Cut Carbon Emissions

In the last Labor-led government, industries had to pay $24 per tonne carbon tax to reduce carbon emissions in the atmosphere. Under Abbott administration, the government would instead pay Australia's heavy industries $2.5 billion to reduce their carbon emissions to meet the federal government's target of 5 per cent reduction or 421 million tonnes of carbon dioxide by 2020.

Australian Stock Market Report – Midday 4/24/14

The Australian share market continues to trade at near six year highs in the early session, despite a negative lead from Wall Street. Investor sentiment has been boosted however by strong earnings reports from Facebook and Apple in the US, after the bell, which has sent both companies' share prices higher in after-hours trade.
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Australian Stock Market Report – Morning 4/24/14

In US economic data, new home sales fell by 14.5% to a 384,000 annual rate in March, an 8-month low and below the market expectation for a result near 450,000. The Markit manufacturing index eased from 55.5 to 55.4 in April, below forecasts for a result near 56.0.

Hoax Alert: Visa-Free Entry for Filipinos to U.S.

Although Filipinos are found in 200 countries, the United States remains a land of milk and honey for many of them. Thus, when a news report came out that the State Department announced on Monday of a new policy that could be life changing for Philippine residents, many were happy.

Australian Stock Market Report – Evening 4/23/14

The Australian sharemarket maintained most of its gains this afternoon to close near six-year highs and improve for the fifth straight day. The All Ordinaries Index (XAO) closed above the 5,500 point mark for the first time in 2014, with the XAO rising by 0.64 per cent to 5502.2.

Australian Stock Market Report – Midday 4/23/14

The Australian sharemarket is improving for the fifth day, with the All Ordinaries Index (XAO) up by 0.5 per cent. A little earlier, the All Ords was trading above the 5500pt mark for only the second time this calendar year.
A woman looks at the screen of her mobile phone in front of an Apple logo outside its store in downtown Shanghai September 10, 2013.

Apple 5.5-inch iPhone 6 Delayed Until 2015

Apple is set to roll out two iPhone models in 2014. The company will have a 4.7-inch screen and the other will have a 5.5-inch display, as claimed by earlier reports.

Global Markets Overview - 4/23/14

The light Easter trading continued in Europe and the US overnight. The Easter mergers and acquisitions dance also continued as drug maker GSK traded its cancer division to Swiss competitor Novartis.

Australian Stock Market Report – Morning 4/23/14

In US economic data, existing home sales fell by just 0.2% to a 4.59 million annual rate in March, above forecasts for a result near 4.55m. The FHFA home price index rose by 0.6% in February to stand 6.9% higher than a year ago. The Richmond Federal Reserve index rose from minus 7 to +7 in April.

Australian Stock Market Report – Afternoon 4/22/14

The Australian share market rose in thin trading volumes on the first day of the shortened trading week. Markets were closed yesterday for the Easter Monday holiday and will be shut again on Friday for Anzac Day.
Marijuana-based products are displayed at the "Oregon's Finest" medical marijuana dispensary in Portland, Oregon April 8, 2014. Over 20 Oregon cities and counties are moving to temporarily ban medical marijuana dispensaries ahead of a May d

Health Canada Issues Recall Against Purple Kush Medical Marijuana

Concerns over "production practices" had prompted Health Canada to issue a recall notice against a British Columbia supplier of medical marijuana. The specific pot is Purple Kush, Batch PK-10-20-13, manufactured by Greenleaf Medicinals that is based in Nanaimo.

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.

Global Markets Overview – 4/22/14

There have been some very interesting corporate developments over the Easter break around corporate auctions. AstraZeneca, the UK's second largest pharmaceutical company, received a takeover bid from US giant Pfizer, Newmont Mining and Barrick Gold are in talks for a 'merger of equals' as US medical company Allergan is under interest from investment activist William Ackman - a deal which is believed to be worth over US$50 billion.

Australian Stock Market Report – Morning 4/22/14

In US economic data, the national activity index eased from a revised reading of +0.53 points in February to +0.20 points in March. The leading index rose by 0.8% in March, higher than the market expectation for a gain of +0.7%.

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