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.
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.
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.
Microsoft sued Samsung as it demanded a royalty for each smartphone the South Korean company sells.
Chinese tech giant Xiaomi sold 15 million smartphone in China during the second quarter of 2014, beating the two other technology giants Samsung Electronics and Apple, according to a market research firm Canalys.
About 3,500 mining jobs would be lost, following the going into administration of Australian miner Bluestone Global. The company, listed in the Australian Stock Exchange, said in a statement on Tuesday that it failed to secure shareholder support to fix its balance sheet by merging with other companies.
Chinese e-commerce giant Alibaba looms to become the fourth largest technology company in the world once it launches its initial public offering in New York in September. It will be behind Apple, Google and Microsoft, wrote Techtimes.
Another report says that Apple is on the go to manufacture around 70 million to 80 million units of the two upcoming iPhones which may lead to higher costs of goods and services. The mass production will start this coming August together with the Apple's manufacturing suppliers - Foxconn, Pegatron and Winstronn.
The last week of July was a big week for the U.S. stock market as 22 companies went public. The share launches was led by Synchrony Financial (NYSE: SYF), which is expected to raise $3.1 billion, making it the largest initial public offering (IPO) in 2014.
Fruits are ordinarily sold in boxes when offered in bulk. A Chinese shopowner thought of a brilliant marketing idea to move the fruit in his warehouse faster.
In a move to boost the company's finances, Australian air carrier Qantas is adding six economy class seats for 71 of its Boeing 737s. However, to give way to the added seats, the air carrier would have smaller lavatories and galleys. The current lavatories measure 3 x 3 foot.
Under the leadership of Tim Cook, Apple will make sure it has a device in every aspect of a person's life.
New Zealand is one of the first countries in the world to experience photo and video messaging app, Bolt, created by Instagram. The company has rolled out its latest app in New Zealand, Singapore and South Africa.
A rise in Qatar's real estate prices is no reason for investors to panic as it is unlikely to shake the country's economy, a Gulf Times report said.
Toyota rules the car sales market in the world in the first six months of 2014. The companies which it beat to be the No. 1 in the business are Volkswagen and General Motors in the United States.
Air New Zealand has given its stranded passengers NZ$1,000 or US$850 as compensation for enduring a three-night flight delay. Passengers aboard Flight NZ9 were due to leave late July 26 from Honolulu to Auckland when airline officials announced it was experiencing mechanical problems.
Here' s a list of the top 10 big bosses in tech according to the approval rating of their own employees.
Here' s a list of the top 10 big bosses in tech according to the approval rating of their own employees.
A man selling his upscale condo unit in Austin, Texas, advertised more than intended when he uploaded a series of photos of the unit on a local listings site with one of photos showing his naked body in the background.
A behavioral finance expert said members of Generation Y, also known as Millennials, appear to view the stock market as a quick fix to their debt problems, mainly college debts.
Malaysia Airlines is looking at rebranding options as the tragedies of MH370 and MH17 cast a shadow on the company as well as the entire aviation agency.
After Apple's record June quarter earnings report, analysts and investors look forward to the launch of the iPhone 6. The highly anticipated next generation iPhone is a "significant factor" in the current economic activity in several economies in Asia.
A widow from Florida, Cynthia Robinson, won $23.6 billion in a lawsuit against the second-largest tobacco company in the United Stated, R.J. Reynolds.
The planned initial public offering (IPO) of Healthscope is expected to raise for the second-largest hospital operator in Australia $2.12 billion with private equity giants TPG Capital Management and Carlyle Group reportedly pricing the shares at $1.98, the upper end of the target range, Reuters reported.
It is not only Australians who would be affected by the cuts made in Radio Australia's budget, but also residents of nearby Pacific isles who rely on the broadcaster for weather updates.
Three of the big four banks in Australia cut their fixed interest rates on Wednesday to below 5 per cent as part of a rate war among the lenders. The rate war provides borrowers the opportunity to enjoy record-low interest rates on the long term.
The consensus in the global aviation industry is that embattled Malaysian Airlines is teetering on the brink of bankruptcy. With two major air mishaps that could create a minimum $80 million hole in the Kuala Lumpur-based company's shaky finances, it would not be a surprise to hear the air carrier announcing its closure soon.
Two tech world giants, Apple and IBM recently decided to partner up on a project and expand their market.
The fruits peaches, plouts, nectarines, and plums which come from California were being recalled in the United States and Canada for possible contamination of bacteria called Listeria monocytogenes.
Apple Inc has released its official Q3 earnings report after the end of market trading on July 22. The company posted profits of $7.7 billion from a $37.4 billion in revenues. Apple CEO Tim Cook wrote in the earnings release that the company's record June quarter was due to the strong sales performance of the iPhone, Mac and continuous growth of the iOS ecosystem.
