The ASX 200 started the second session of the week on the front foot with the index happily building on the previous day's gains. The market was trading close to session highs at lunchtime with a gain of points 55 points after US stocks held their recently improved tone into the start of the week overnight.
Vittorio Hernandez
Aug 13, 2014
Some 800 - 1,000 doses of an experimental vaccine will be donated by Canada to the World Health Organisation (WHO) to help curb the maddening spread of the Ebola virus in the African region.
Esther Tanquintic-Misa
Aug 13, 2014
Hispanic investors have a strong appetite for financial education and more sophisticated investment knowledge, according to a recent Wells Fargo survey. A significant 45 per cent of surveyed Hispanics claim they did not received any education on how to save and invest (versus 31 per cent of U.S. investors overall), and three out of four (76 per cent) wish they had learned more about managing money when they were growing up (compared to 61 per cent of U.S. investors overall).
Vittorio Hernandez
Aug 13, 2014
Terror group ISIS (Islamic State of Iraq and al-Sham) are recruiting children as young as nine years old to join their organization and then condition their very young minds to kill all Christians as well as other infidels.
Esther Tanquintic-Misa
Aug 13, 2014
It certainly seems to be a headline geopolitical risk driven market at the moment, as any news out of Russia, Ukraine or Iraq dictate sentiment. This time around the news wasn't too constructive with investors concerned about Russia using humanitarian efforts as an excuse to send troops across to Ukraine. Additionally, it doesn't seem like much progress has been made on the Gaza front ahead of the expiration of the ceasefire.
Vittorio Hernandez
Aug 13, 2014
In European economic news, Germany ZEW economic sentiment index fell from 27.1 to 8.6 - the lowest level in 18 months and well below expectations. The ZEW current conditions index fell from 61.80 to 55.5. No surprise that the weakness was driven by the escalation of tensions between Russia and the West. News reports suggest a growing number of the 6,200 German firms active in Russia are warning about a hit to their business. The survey was based on 222 analysts and investors, and conducted betwe...
Vittorio Hernandez
Aug 13, 2014
The law firm Maurice Blackburn filed on Tuesday a new class action suit before the New South Wales Supreme Court against ANZ, Citibank and Westpac over credit card late fees.
Vittorio Hernandez
Aug 13, 2014
South Korea has found that its imported scrap metals from Japan bore traces of radiation. It has announced it will return the items to Japan immediately.
Esther Tanquintic-Misa
Aug 13, 2014
The winning streak continued with shares hitting fresh six-year highs, rising for a third day and remaining above the key 5600pt level. The All Ordinaries Index (XAO) improved by a modest 0.1 per cent despite mixed performances from global markets overnight. The US economy expanded at a faster than expected 4 per cent annual pace in the June quarter, while comments by the US central bank relating to inflation has increased the market's expectations of an earlier rate rise. The default of Arge...
Vittorio Hernandez
Aug 12, 2014
Brisbane Times columnist Marcus Padley identified on Monday some 26 stocks in the Australian Stock Exchange (ASX) 200's industrial sector and listed shares that investors consider vulnerable because of their high price-to-earning (PE) ratios.
Vittorio Hernandez
Aug 12, 2014
News of a possible takeover of beleaguered Malaysia Airline System (MAS) has prompted its shares to jump as much as 10.4 per cent on Monday.
Esther Tanquintic-Misa
Aug 12, 2014
Melbourne real estate technology professionals have launched a mobile application that could prevent realtors from undervaluing a property and could eventually lead to the creation of similar apps.
Vittorio Hernandez
Aug 12, 2014
Russian smartphone maker Yota Devices denied it is transferring HQ to Canada.
Esther Tanquintic-Misa
Aug 12, 2014
Mazda MX-5s limited edition 40 cars are now open for sale in Australia.
Pooja Bhagat
Aug 12, 2014
The ASX 200 started the second session of the week on the front foot with the index happily building on the previous day's gains. The market was trading close to session highs at lunchtime with a gain of points 55 points after US stocks held their recently improved tone into the start of the week overnight.
Vittorio Hernandez
Aug 12, 2014
Pope Francis will be embarking on his first ever trip to Asia this week, at the Republic of Korea from Aug 14-18. Included in his 5-day visit to the country are four masses, including one for the beatification of 124 Korean Catholic martyrs and another for a gathering of Catholic youths in Asia, as well as a visit to the 'Cemetery for Aborted Children.'
Esther Tanquintic-Misa
Aug 12, 2014
Russia has taken a further step back from the Ukrainian crisis, after having pulled back strike fighters from the border (however, Russian troops still remain).
Vittorio Hernandez
Aug 12, 2014
The specter of higher rates putting pressure on corporate earnings spurred investors to redeem a record setting $11.38 billion from High Yield Bond Funds and pull over $19 billion - a 26-week high - from U.S. Equity Funds, according to the latest data from EPFR.
Vittorio Hernandez
Aug 12, 2014
The smartphone market is being shaken up as the tech giants' dominant positions are challenged by Chinese phonemakers that offer lower-cost handsets. With cheaper units that offer similar features to the pricier iPhone of Apple and Galaxy Android units of Samsung, companies like Lenovo and Xiaomi are grabbing a bigger share of the smartphone market.
Vittorio Hernandez
Aug 12, 2014
Entertainment website BuzzFeed got $50 million more for its future plan to become one of the major media companies.
Sounak Mukhopadhyay
Aug 12, 2014
In broad terms the ASX 200 was able to maintain the levels that had been established in the early part of the day, although sellers had gained an edge in mid-afternoon trade when the index retreated from 5470 back towards 5455. Buyers returned in the final half hour of trade seeing the market close at 5457.
Vittorio Hernandez
Aug 11, 2014
Clinical tests for possible Ebola vaccine to start in September 2014.
Esther Tanquintic-Misa
Aug 11, 2014
Tests on a Canadian man believed to be showing symptoms of the deadly Ebola virus have yielded negative results.
Esther Tanquintic-Misa
Aug 11, 2014
Sellers regained control of the Australian share market for the first time in more than a week on Monday following a recovery for US markets at the weekend. US share markets rebounded sharply after Russia said it had concluded military exercises near the Ukrainian border. The Dow Jones index rose by 185 points or 1.1% with the S&P 500 index up by 1.2% . The ASX 200 started the session with a gain of 38 points and buyers were content for the index to maintain levels of that order for most of the ...
Vittorio Hernandez
Aug 11, 2014
U.S. luxury retail mall chains Nordstrom Inc. and Saks Fifth Avenue are cornering a piece of Canada's prime real estate for expansion, according to a report on The Financial Post.
Vittorio Hernandez
Aug 11, 2014
American investment bank Goldman Sachs added Barrick Gold, the biggest gold mining company in the world, to its Conviction Buy List. Goldman had previously recommended Barrick as a Buy stock.
Vittorio Hernandez
Aug 11, 2014
A research study has suggested that Google trends tool can predict the changes in stock prices based on the search pattern of users.
Usha Hari
Aug 11, 2014
Only a small proportion of fund managers active in infrastructure and real estate think that AIFMD regulations will have a positive impact on their firm and industry, following a recent survey of over 140 managers active in the asset classes.
Vittorio Hernandez
Aug 11, 2014
The markets have just come off one there worst weeks in two years. The ASX has seen six consecutive days of losses, shedding 208 points from the high at the close of July. The Nikkei has lost 910 points in the last eight trading days, as geopolitical risk sees buyers ducking for cover.
Vittorio Hernandez
Aug 11, 2014
In US economic data, labour costs rose at a 0.6% annual rate in the June quarter while productivity rose by 2.5%. Economists had tipped a 1.4% lift in labour costs and 1.5% rise in productivity. Wholesale inventories rose by 0.3% in June with sales up 0.2%, both short of forecasts.
Vittorio Hernandez
Aug 11, 2014
