MARKETS

Iron ore spot markets witnessed a downslide on Tuesday, according to reports. This comes at the heels of an investigation of speculative trading activity in China’s commodity futures market.

Apple could sell more of its highly anticipated iPhone 8s, according to estimates from Mizuho. The tech giant could end up selling more than 10 million more sets than previously forecast.

CEO Andrew Thorburn announced on Tuesday that former NSW premier Mike Baird would join NAB to perform as the Chief Customer Officer of the Corporate and Institutional Banking.

Iron ore prices witnessed a surprising upsurge as they crossed US$90 (AU$117.2) a tonne. This is the first time in more than two years the price has gone beyond the anticipated mark. The last time the same feat was achieved was in August 2014.

If latest reports are to be believed, Tesla will start building pre-production versions of Model 3 in a few weeks. It will launch the US$35,000 (AU$46,000 approx) mass market sedan in late 2017 and begin attending to the 400,000 pre-orders through 2018. Some auto experts believe that Tesla is on track to launch the Model 3 ahead of schedule.

The ASX 200 index slumped below the 5600 support level. The slip, which occurred for the first time this year, was largely attributed to the losses in Macquarie. It also comes ahead of RBA's first rates decision of 2017.

US stocks sustained a heavy blow overnight on Monday as a result of Donald Trump’s controversial travel ban. The Australian market also received its share of downfall. As of 7AM, the share price futures index fell 12 points at 5,5591.

Westpac's RAMS is increasing fixed home loan rates by 0.4 percent. The company is the first big lender to increase interest rates.

The United Kingdom’s Brexit can bring new opportunities for Australians, according to Alexander Downer, Australia’s high commissioner to the UK. He said the UK’s exit from the European Union shouldn’t affect Australia’s chances of entering trade deals with the UK.

As the EU referendum comes to a close, the Australian market is preparing for a possible Brexit (Britain Exit from the European Union) win, which would have implications in the local market. Many Australian stock investors are waiting for the official outcome to arrive before buying or selling stocks.

Australian company Incitec Pivot has been revealed as the world’s sixth largest importer of “illegal” phosphate from the disputed territory of Western Sahara.

As China’s economy expands and shifts from manufacturing to more consumption and services-based industries, Australian firms have the opportunity to tap into its 1.3b large market.

Six experts from Sydney University share their predictions for China in 2016, from its economy to its public health challenges.

After a rocky few weeks for Australian financial markets, China’s latest economic data release should come as a relief.

There is quite a movement in the Australian hardware retail sector on Monday as Woolworths announced it was letting go of Masters, while Wesfarmers is expanding Bunnings in the UK in a $700 million deal with Homebase.

According to Minister of Agriculture Alexander Tkachev, around 15 percent of Turkish agricultural products do not meet Russian standards.

The dropping value of iron ore is likely to impact producers that sell their products at higher rates.

Australia's biggest telco is planning an overseas expansion plan, starting with Asia.

Saudi Arabian billionaire Prince Alwaleed bin Talal now owns more than 5 percent share of the microblogging site.

China continues to suffer from an economic meltdown but a recent survey claims that it is not as disastrous as many credit it to be.

Apple TV has just been announced and now the market remains split on whether it has the potential to become Apple’s next big product or not.

Apple slides down as the king of stocks as Amazon surges past the tech giant amidst new product announcements.

Analysts predict it will take 10 years for major miners to pay off their debt.

Renewed nickel consumption is expected to give the metal a better start in 2016.

RackForce is about to lose its reputation as Canada's leading cloud service provider.

A global call from campaigners on green earth urges billionaire Bill Gates to divest investment in fossil fuel.

Cars flying may no longer be a mere fiction.

The Australian Dollar remains resilient on the back of the Swiss Central Bank's currency announcement to abandon its floor.

In US economic data, consumer sentiment rose to 11-year highs in January, up from 93.6 to 98.2. Industrial production fell by 0.1% in December (forecast: flat). Consumer prices fell by 0.4% as expected in December but the core measure (excludes food and energy) was flat.