Ebola Outbreak: Vaccine Trials on Humans to Begin Soon, Could Be Marketed By 2015
Clinical tests for possible Ebola vaccine to start in September 2014.
Ebola Infection: Tests on Canadian Man Yield Negative Results
Tests on a Canadian man believed to be showing symptoms of the deadly Ebola virus have yielded negative results.
Australian Stock Market Report – Midday August 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 ...
U.S. Chains Eye Canada's Prime Real Estate for Expansion
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.
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Australian Stock Market Report – Morning August 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.
Telstra Opens Financial Markets Data Centre at ASX
Telecom giant Telstra opened a data centre at the Australian Securities Exchange (ASX) that would connect financial centres. The Australian Liquidity Centre (ALC) was built mainly to make available fast and reliable connectivity to other major financial centres.
BG Group Bids Out $3 Billion Pipeline Assets in Queensland
British Gas's BG Group is bidding out its $3 billion pipeline assets in Queensland, Australia, triggering a renewed competition between Hong Kong's Cheung Kong and the APA Group.
iPads, Macbooks Banned in Chinese Gov't Report Denied; Apple Inc. Leads Global PC Market Share
A report has recently circulated that China has banned the use of Apple devices such as iPads and Macbooks in government. The Chinese government has allegedly excluded Apple from its list of authorised products for official use due to security concerns. In a Bloomberg report, government officials who requested not to be identified, said China has discontinued the procurement of ten Apple products. The items have been removed from a list distributed in July.
Amaysim Promises Aussie Customers No Bill Shock With New Low-Cost Data Plan Offering 5GB for Only $44.90/Month
Amaysim, a budget mobile phone operator in Australia, is challenging Virgin, the fourth top carrier in Australia, by rolling out a new low-cost data plan that offers 5GB for $44.90 a month.
New York Property Bubble Close to Bursting, Says Portfolio Manager
A U.S. portfolio manager claimed New York's property bubble could pop due to a rise in demand, a great deal of foreign transactions (led by the Chinese), and a loophole in the Foreign Investment in Real Property Tax Act (FIRPTA), which imposes tax obligations on foreign investors, according to a commentary published on CNBC.
Malaysia Airlines Suspends Trading of Stocks Pending Privatisation of Air Carrier; Majority Investor Offers 27 Sen per Share
Malaysia Airline System suspended on Friday the trading of the company's shares on the Malaysian Stock Exchange as part of the restructuring plan of the air carrier that was financially hit by two air tragedies in March and July 2014.
Warwick Links Rise in Google Search for Politics & Business to Stock Market Crashes
There is some link between a surge in Google searches for political and business topics to stock market crashes, according to a study by Warwick Business School.
Global Markets Overview – August 8, 2014
Yesterday Russia imposed sanctions on the EU and US around agricultural products, and overnight it has widened its reach to include Canada, Norway and Australia.
Australian Stock Market Report – Morning August 8, 2014
In US economic data, consumer credit rose by a less than expected $17.26 billion to $3.21 trillion in June. Revolving credit, which mostly measures credit-card use, increased only $941.54 million after a downwardly revised $1.74 billion in May- it was still the fourth consecutive monthly increase. US jobless claims fell by 14,000 to 289,000 last week.
Cost-Cutting Doubles Rio Tinto’s 1st Half Underlying Profit to $5.1 Billion
Mining giant Rio Tinto (ASX: RIO) reported on Thursday first half underlying profit of $5.1 billion despite falling iron ore prices by about 30 per cent. It is up 21 per cent compared to the same period in 2013. The boost in profit was the result of cost-cutting measures applied on capital projects and operating cost.
Australian Stock Market Report –Afternoon August 7, 2014
The Australian sharemarket fell for the fifth day; its longest losing streak in eight months. Weaker than expected employment figures and falls in European markets overnight were drivers. The All Ordinaries Index (XAO) fell by 0.1 per cent; however managed to close just above a key level at 5500.7.
Global Air Travel Demand Could Slide This Year, No Thanks to Ebola, World Tensions – IATA
Spurred by the Ebola outbreak in Africa, the political tensions gripping the Middle East plus the looming trade war with Russia, the International Air Transport Association (IATA) on Wednesday said it expects global air travel demand to get impacted this year.
Russian Hacking Jeopardizes Over 1 Billion Global Usernames, Passwords
A Milwaukee-based private security company on Tuesday has announced the discovery of an Internet hacking ring syndicate that has amassed a whopping 1.2 billion global usernames and passwords as well as 500 million email addresses.
New Regulations Unlikely to Democratise Interest-Rate Trading
A study by data provider Greenwich Associates concludes that regulators are unlikely to achieve their goal of creating a fixed-income market that is less dependent on a few massive banks. The findings were made after Greenwich interviewed 1,067 institutional investors from North America.
Ebola Outbreak: Obama Thumbs Down Sending Experimental Serum to Africa
U.S. President Barack Obama has quashed calls of health experts to send to Africa the experimental ZMapp serum that was given to two Ebola-inflicted American health workers. The president thumbed down the proposal saying the drug still needs further testing if it indeed is working as it should.
Swiss Home Prices Approaching 1989 Bubble Levels, Warn Swiss Banks
Risks of an impending housing bubble are threatening Switzerland's real estate market following mortgage and property price jumps during the second quarter that surpassed economic growth, Bloomberg said in a report.
Australian Stock Market Report – Midday August 7, 2014
Another tough day for the Aussie markets, we saw the ASX 200 started only slightly weaker off 2pts. But by 11.25am the markets had fallen back by 14 points and just after the release of the weaker than expected July Jobs numbers the market lost more ground now down 18.6 points.
Child Sex Offender Caught Via Google’s Gmail Scan
A child abuser who had been convicted and served a 20-year jail time has been slapped with fresh offences after Google scanned his Gmail account and found it contained indecent images of children.
Australia People Power: Rail Commuters Join Forces, Tilt Train to Release Man’s Trapped Leg (FULL VIDEO)
It was one of Australia's finest display of people power ever. Commuters aboard a Perth-bound train, majority surely strangers than friends, all went out of their way, literally, by going out of the train just to collectively tilt it so as to release a man's trapped leg.
New Zealand Unemployment Rate Beats Economists' Predictions at 5.6%
New Zealand's unemployment rate has fallen to its lowest level in more than five tears at 5.6 per cent in the second quarter. According to Statistics New Zealand's Household Labour Force Survey released on August 6, the country's seasonally adjusted unemployment rate was below Wall Street Journal's 5.8 per cent poll prediction by 14 economists. The 5.6 per cent unemployment rate is the lowest since March 2009.
Pope Francis Korea Visit: North No to Seoul Mass, Families of Ferry Victims in South Refuse to De-Tent Gwanghwamun Square
Authorities from North Korea's Catholic association had rejected an invitation to attend a mass led by Pope Francis next week, as families of Sewol ferry victims in the South refused to de-tent Gwanghwamun Square, the venue of the pope's mass. Pope Francis is expected in South Korea from August 14th to the 18th.
Australian Stock Market Report –Afternoon August 6, 2014
Sellers continued to apply pressure to the ASX 200 over the course of the afternoon on Wednesday. So far this week the index has shed just over 0.8 per cent having lost half a per cent last week.
Global Markets Overview – August 7, 2014
Russia has responded to EU and US sanctions by placing heavy restrictions on food imports from countries that have imposed sanctions on Russia over the past few months.
Ebola Outbreak Preventable Through Proper Hygiene, Washing with Soap & Water; Spanish Priest Confirmed to Have Virus
The world is now going fearful over the spread of the deadly Ebola virus among four west African nations, plus two Americans and now one Spanish priest. But while this year's outbreak is its worst, experts highlighted passing on the virus from one person to another is highly preventable through the time and tested soap and water solution.
Vodafone Working on 5-Year Plan to Return Telco to Profitability; Fitch Downgrades Vodafone to BBB+
In an attempt to convince former customers to return as well as existing clients to keep their accounts, telecom giant Vodafone has spent close to $1 billion investment in the past 12 months on 4G for its Australian market.
Australian Stock Market Report – Morning August 7, 2014
In US economic data, the trade deficit narrowed by 7% to $41.5 billion in June. The smaller deficit was driven by a fall in petroleum imports to a 3 year low. Analysts had expected the trade deficit to widen.
Top 10 Sports Illustrated First-Ever Fittest 50 Athletes; Roger Federer, Rafael Nadal, Georges St-Pierre Also Make the Cut
Top 10 Sports Illustrated First-Ever Fittest 50 Athletes; Roger Federer, Rafael Nadal, Georges St-Pierre Also Make the Cut
Cash Buyers Overheat Oakland Real Estate Market
Temperatures continue to rise in Oakland's already hot real estate market due to cash buyers, the Oakland Local reported. According to the report, real estate practitioners saw a great deal of cash transactions in the market, compared with similar activities more than a decade earlier during the U.S. housing bubble.
Australian Stock Market Report – Midday August 6, 2014
The weakness continues this month, with the Australian market slipping for the fourth day following softer American shares overnight. The All Ordinaries Index (XAO), which is a measure of local market performance is down by 0.3 per cent and is trading below 5500pts for the first time in three weeks. Geopolitical risks in Ukraine and Russia continue to keep investors on edge, with reports of an increase in Russian troops on Ukraine's border.
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