It is without doubt that the "boy child" El Niño has definitely stirred the whole world. While most dread its potential impact, some however gladly await its arrival. El Niño induces droughts in some parts of the world, while it could drench other nations.
Discretionary spending is always the first part of the economy to suffer in nervous markets. Consumer sentiment globally is just starting to slip, after having run up very solidly over the past three to four months, and it this now shifting to discretionary earnings.
US Philadelphia Federal Reserve President Plosser spoke on Tuesday, commenting that the $2.5 trillion in reserves accumulated by banks could be the trigger for more rapid inflation if banks start lending money quickly in an improving economy. Plosser said it was the ´´natural tendency´´ for central banks to wait too long to raise rates. He believes there was increasing evidence that rates should be lifted from the current zero levels ´´if not now, then relatively soon´´, particularly in light of ...
Local stocks recovered this afternoon, managing to rise slightly for the first time in three trading sessions. Continued concerns about an oversupply of iron ore and weaker than expected property price growth in China was put to one side, following Monday's 1.3 per cent plummet.
Analysts at Motley Fool say there are only two marijuana stocks worth taking investment risk - GW Pharmaceuticals and Medbox.
Air Canada has received its very first 251-seat Boeing 787 Dreamliner over the weekend. Air Canada has ordered a total of 37 of the new passenger jets. It will be used to open a route between Toronto and Haneda airport in Tokyo starting July.
Auckland has modified its tourism targets by 20 per cent through 2021 because the city's visitor economy was booming, Mayor Len Brown said.
"The Voice" coach Adam Levine has decided to try his hand at racing cars. The multi-talented performer was shocked to learn about actor Patrick Dempsey's acting career and was inspired by the discovery.
The Australian sharemarket is slipping for the third straight session, with Chinese property market concerns keeping iron ore prices weak. The All Ordinaries Index (XAO) is down 0.2 per cent and remains below 5400pts, making it the worst start to a week in three and a half months.
Apple Inc’s shares reached another new high at $607, will this be a real breakout or just post-news buyout ahead of the stock split
The U.S.' Centers for Disease Control and Prevention (CDC) has scrambled to reopen and review the policies and procedures it used to combat and manage the deadly 2003 SARS after the third patient in the country got infected with the deadly Middle East Respiratory Syndrome coronavirus (MERS-CoV) through person-to-person contact.
The original Apple logo with rainbow colours is going for auction in June 2014. The logo was used by the company from 1976 to 1997.
AT&T has officially announced acquiring DirecTV for $48.5 billion on May 18.
The eerie quiet discussed yesterday is certainly playing true; overnight the US markets experienced one of the quietest trading sessions of 2014, with shares volume trading 25% below the 90-day average. Risk assets saw the light trade as a chance to bounce off the lows seen last week, but volume throughout the market suggests the bears where resting, rather than a conviction buy move.
US San Francisco Federal Reserve President Williams and Dallas Fed President Fisher spoke at a monetary policy conference. Both speakers agreed that the super-easing monetary policy conditions could have adverse consequences in the long run - resulting in excessive asset price growth and encouraging investors to take on too much risk. However Williams doesn´t believe rates should rise till the second half of 2015.
American drug giant Pfizer's plan to create the world's biggest pharmaceutical firm was thwarted on Monday when British medicine manufacturer AstraZeneca turned down Pfizer's offer of $119 billion.
Iron ore prices are again going down. On Friday night, spot price for the key steelmaking ingredient closed at $100.70 per tonne after a substantial decline in Chinese steel rebar futures which hit a record low.
Apple Inc has scored high in Electronic Frontier Foundation (EFF)'s privacy report. The digital rights advocator gave Apple a perfect mark of six stars in its effort to protect user data and policies towards government data requests. Apple has been given a perfect rating three years after a poor performance in user data protection.
The Australian share market started the trading week heavily in the red, falling 1.3 per cent on the All Ordinaries Index (XAO) as fears of a burst in China's property bubble impacted mining players and investor sentiment.
Energy Online makes UFO Sighting an advertising campaign for cheaper electricity services.
The Australian sharemarket is off to its worst start to a week in almost a month and a half, with a slump in iron ore pushing miners substantially lower. At lunch, the All Ordinaries Index (XAO) is down 0.9 per cent, with mining and energy stocks down by at least 1.5 per cent.
At least 44 have died from the worst floods that hit Serbia and Bosnia in more than a century over the weekend. Four days of heavy rainfall had triggered landslides forcing thousands to flee their homes as mud covered villages and roads. Rising flood waters are likewise threatening the power plants in the region.
There is an eerie quiet around markets currently; intraday equities moves are trending back to the value average mean price (VWAP) and currencies are treading water suggesting that fair value is globally priced in, barring the moves seen in the EUR.
In US economic data, housing starts rose by 13.2% in April to an annual rate of 1.072 million - well above expectations. Building permits hit 6-year highs. But consumer sentiment eased from 84.1 to 81.8 in May, short of expectations centred on a reading of 84.5.
Apple and Google have agreed to drop the lawsuits the two technology giants have filed against each other, but it only applies to legal cases involving Google's Motorola Mobility.
EU court judges have ruled out that personal details of individuals maintained by Google must be removed or deleted upon request.
Local stocks were under sustained pressure on Friday with the ASX 200 ending the session at the lows of the day. One small consolation was the low level of participation with just over $ 3.8bln shares changing hands.
TMZ has acquired the controversial Solange Knowles-Jay Z attack video for $250,000, a source told The New York Post.
New Zealand will welcome the newly-released budget focusing on the family. Finance Minister Bill English has delivered a budget with a bigger-than-expected forecast, tax cuts and free doctor visits to over 400,000 children under the age of 13.
Air Canada has suspended a planned purchase of Bombardier's CSeries and announced it will keep its 25 Embraer SA planes instead of replacing them with the new narrow-body aircraft.
