Bitcoins plunged to $625 in value as China bans the virtual money on real world use. Its price dropped by $200 when Zhou Jinhuang, People’s Bank of China’s deputy director of payment clearance, told third party payment providers that “they can no longer work with Bitcoin exchanges,” Forbes reported.
China is no longer the stronghold of the world's supply of rare earths, according to a latest assessment released by the Pentagon of the U.S.' industrial base.
And so it can be told. Dec 18, 2013 was indeed just another day in the calendar. Apple Inc and China Mobile Ltd have yet to arrive an agreement. Or perhaps announce it.
Canada is set to introduce changes in its Telecommunications Act in 2014 that will lift restrictions and pave the way for increased foreign ownership in the sector.
Google Inc. has been slapped with a legal motion by Canada's Competition Bureau, alleging the former that it has abused its dominant search position.
Elsewhere around the world, Dec 18 might just mean another regular, ordinary day. But for the telecom sector, most especially China's telecom sector, it could mean a historic day. Reports are rife that China Mobile may announce on Wednesday its long anticipated deal with Apple Inc. (AAPL).
The economy of New Zealand is expected to grow even stronger in the next two years, according to the Institute of Economic Research. A survey of economic forecasts based from various economic and financial agencies said that New Zealand is expected to have a broad-based annual growth rate of 2.8 per cent by March 2014 and 3 per cent in the 2014.
British customers have noticed something different from Anchor, their preferred butter brand. The famous butter brand is no longer produced in New Zealand. Arla, a European dairy company, has used the popular Kiwi brand for years until it decided to cut its ties with New Zealand.
Virgin Australia's foreign shareholders Singapore Airlines, Etihad Airways and Air New Zealand will increase their stakes in Australia's second-biggest carrier. This after only a measly 25.3 per cent of retail shareholders showed interest in Virgin's $350 million capital raising efforts.
Boeing has outwon competitor Airbus when it secured a $6.5 billion order placement from Air Canada for 61 narrow-body aircraft.
Growth in New Zealand's manufacturing sector continued to expand for the 14th consecutive month in November.
China's most expensive priced carbon market is set to launch on Dec 16 in the southern province of Guangdong.
New Zealand's population has now officially reached 4.5 million.
Canada's government-owned postal agency on Wednesday announced the looming closure of its door-to-door home delivery over the next five years. But the country's senior citizens and disabled aren't happy about it.
It would be a bleak Christmas 2013 for over 500 workers of Kellogg's in London, Ontario, Canada, who were informed on Tuesday morning that the plant would soon close and they would lose their jobs.
General Motors announced on Tuesday that it will close its Holden manufacturing facility in Australia in 2017. In the process, 2,900 jobs will be lost.
Air Canada offered a non-stop flight from Sydney to Toronto on a daily basis and the Cape Breton business community loves it.
Air New Zealand has announced it is on target to experience a 20 per cent jump in profits in the six months ending December 31.
While the average Australian works longer based on a higher retirement age, they still are ignoring the government request to retire at age 67. However, data from the Bureau of Statistics released on Monday found that the average retirement age is 58.5 for male workers and 50 for females.
Forced to choose between the lesser evil, Australia's national air carrier Qantas announced it will slash 1,000 jobs to rein in costs as it works to keep operations afloat.
Air New Zealand has announced it will be extending its flight services to Australia's Sunshine Coast for a third consecutive year, effective 2014.
A report from ANZ revealed that job advertisements fell but labour demands are stabilising
Air Canada is mulling to buy more aircraft to support its fleet and is just reportedly close to deciding which from Airbus or Boeing it will enter the deal with.
Australian internet service provider TPG Telecom Ltd has entered into a binding agreement with Telecom New Zealand to purchase the latter's Australian unit AAPT for AU$450 million.
A report from UBS revealed that Aussie bank stocks are the most expensive in the world
China has been enveloped in smog again over the weekend.
Kangaroo meat was earlier considered as pet food. However, China may consider it as a luxury cuisine and buy it from Australian exporters.
Shares of tech giant Apple (AAPL) surged on Thursday on reports it has finally entered an arrangement with China Mobile. However, the Chinese operator and the world's biggest wireless at that, denied the existence of any deal.
It would be a bleak Christmas for Australian retailers as a survey of 1,000 Aussies by Mortgage Choice found that 40 per cent of the respondents plan to reduce their spending this yearend holiday compared to their 2012 spending.
HSBC’s Future of Retirement report says Aussie folks leave the highest inheritance to children
