The New York empire manufacturing index fell from +11.88 to -7.79 in June. The result was well below expectations with analysts expecting a reading around +12.5. Across the sub indices, new orders and shipments were weaker.
By Carl DelfeldGive China its due. In 1990, its economy was the same size as Taiwan's.Now it's more than 10 times larger.
By Greg PeelThe Dow fell 178 points or 1.5% while the S&P lost 1.7% to 1265 and the Nasdaq dropped 1.8%.
LulzSec has an ancient Greek sailboat mimicking the Odyssey, with a distinctive sail "LOL" on its webpage. Recently, it has indeed rammed through firewalls of companies including Sony Corp. and has even threatened the United States government websites.
Export earnings from Australia’s energy and mineral commodities saw a 10 per cent slump in the March quarter of 2011 compared with the December quarter of 2010, according to new data released today.
The uncertain times have made Australian consumers less of a spendthrift and all the more of the conservative shopper preferring to stay clear of debts and save as much from their pocketed incomes.
By Greg PeelThe Dow closed up 123 points or 1.0% while the S&P gained 1.3% to 1287 and the Nasdaq added 1.
Driven to take advantage of current ore prices and be ahead of its peers, Rio Tinto Ltd (ASX: RIO) and its partners have decided to hasten the development in its project in the Pilbara Region in Western Australia by earmarking some US$676 million of funding for early works and procurement.
FNArena has added another video to its Investors Education section on the website. In this educational video, ATW's Jerry Simmons explains weakness at the opening of the month was "strategic" as it led to the S&P500 weakening into and below the 1290-1295 zone.
Not the best way to start an investor day briefing for Insurance Australia management with news of another round of earthquakes and damage from Christchurch headlining news broadcasts and at the forefront of investor's thinking.
Eight hours or so after IAG issued its investor day update, QBE, the country's biggest insurer, revealed that while its expecting as 50% to 60% rise in first half earnings, the spate of natural disasters would play havoc with its insurance returns.
US producer prices rose by just 0.2pct in May after rising by 0.8pct in April. The modest rise in prices was largely due to a fall in gasoline prices.
Buyout activity helped U.S. blue chip stocks eke out a slim gain Monday, though the economic worries that have driven six straight weeks of losses kept traders cautious and weighed on the technology sector.
Ratings agency Standard and Poor´s has slashed the credit rating of Greece by three notches from B to CCC and retained a negative outlook on the rating. S&P has also warned that it would view a debt restructuring as a default.
By Greg PeelLast week saw the annual World Nuclear Fuel Conference held in Seville which distracted the usual market suspects and ensured a mere 150,000 pounds of U308 equivalent was traded in the spot uranium market, industry consultant TradeTech notes.
Beef cattle producers in Australia can expect an increase in projected farm cash incomes in 2010-11 as a result of improved seasonal conditions according to a new report released today by ABARES.
(This story was originally published on June 8th, 2011. It has now been republished to make it available to non-paying members at FNArena and to readers elsewhere).
By Greg PeelThe Dow fell 172 points or 1.4% while the S&P dropped 1.4% to 1270 and the Nasdaq lost 1.5%.
Judging by the market outlook commentaries over the weekend and last night, it's going to be a seventh negative week for global markets this week.
The most important announcement for the Australian and global markets will be the second round of Chinese data for May due out later today.
The evil spell that was cast on the sharemarket over the past week and half has been lifted for the time being, with the ASX 200 index (XJO) rising 0.3 pct or 12.5 pts to 4562.1 while the broader All Ordinaries index (XAO) jumped 0.3 pct or 13.2 pts to 4634.9.
The Australian share market staged a modest relief rally on Friday on a positive Wall Street lead, with bargain hunters and short-sellers pushing resources higher.
A new global survey suggests that home buyers around the world are poised to re-enter the housing market, but property market instability and worries about their personal finances are holding them back.
Liberty Financial has followed other non-bank lenders in removing DEFs and changing its broker commission structure.
The Australian housing market has a bright future, and Gen Ys will be the ones to lead it there, a social demographer has claimed.
According to scientists at the University of Adelaide, a potential life-saving treatment for severe E. coli food poisoning outbreaks was pioneered more than a decade ago, but hasn't gone forward into clinical trials because of lack of commercial interest.
- Emeco's earnings update slightly disappointing- Planned increase in capex an offsetting positive- Brokers sees value given expectations of solid earnings growthBy Chris ShawResource equipment hire group Emeco Holdings ((EHL)) plans to accelerate growth in FY12, management yesterday announcing...
US claims for unemployment insurance (jobless claims) rose by 1,000 to 427,000 in the latest week.
An Australian mechanical designer has finally made the dreams of every Star Wars fan come true: he's built a real life Hoverbike. Chris Malloy, an Australian mechanical designer has been building the Hoverbike in his garage for the past two and half years and now it's ready to go to production.
At the World Wide Developers Conference, Apple announced that iOS5 will have some 200 features but only ten of them were named at the event. The two-hour affair focused mainly on iCloud and OS X 10.7 “Lion”. However, there are other iOS5 updates to look forward to.
