Local stocks are recording positive gains at lunchtime in the East, despite a fairly flat start to the trading session. Overnight, Wall Street staged a remarkable comeback on hopes an agreement on the Fiscal Cliff could be reached before Christmas.
What is arguably the very last bastion of totally free speech is once again under assault by the world's tyrants, as the United Nations is now eying regulation of the Internet - as though it was in need of being regulated.
The RC helicopter you may have played with as a kid just got an upgrade: it can now be controlled with your mind.
Treasurer Wayne Swan reiterated on Wednesday that Australia's mining boom is not yet over despite falling prices of commodities in the world market and lower demand. He cited the $268.4 billion investment to major resources projects that mining companies had committed in the last six months to October.
By Greg PeelThe Dow rose 106 points, or 0.8%, while the S&P gained 0.8% to 1409 and the Nasdaq was also up 0.
The last 24 hours have been quite revealing in terms of the character of the market. From time to time the market discussion has turned to the matter of how well market sentiment is holding up in the face of US political uncertainty and the fiscal cliff. However this matter has been painted in a different light in the last day.The preceding 24 hours have largely been defined by good news. Common ground has finally been found between the IMF and Eurozone finance ministers in relation to the next ...
The local share market has followed Wall Street into the red in the early session. Sellers moved in on blue chip stocks in late trade in New York as talks between the Republicans and Democrats over the "Fiscal Cliff" issue stalled.
The euro increased on the 23rd of November, resulting in a rise in shares of Europe, following indications of progress in negotiations on offering aid to recession-hit Greece as well as the findings in an influential analysis which showed a significant increase in business sentiment in Germany. The increase in stocks of US and the world were prompted by the same reasons.
By Richard (Rick) MillsAhead of the HerdAs a general rule, the most successful man in life is the man who has the best informationAll through human evolution we have been harnessing increasingly effective forms of energy.
It was made public that Mark Carney, the governor of the Bank of Canada, had been designated as the new governor of the Bank of England. It is a surprising move, yet Britain decided to reach for a foreigner as it struggles with its troubled financial system, which certainly needs to be reformed.
Japan's Renesas Electronics Corp. saw a marked growth in its shares following an authorization of a bailout worth approximately $2.4 billion which is led by the Government. The shares of Renesas, a chip making company of Japan, rose above 6 percent after the finalization of the $2.4 billion bailout.
Russia may be discreetly propping up Bashar al-Assad's regime in Syria by helping to print bank notes that pays for Assad's soldiers and civil servants.
Asian financial markets and regulatory bodies need to understand and learn from the mistakes of the West or risk having their own interests trampled upon, said the chief executive of Hong Kong's Securities and Futures Commission.
Qantas suspended on Wednesday a $50 million marketing agreement with Tourism Australia over the alleged meddling of a consortium led by the head of the tourism body and former Qantas official.
By Greg PeelThe Dow fell 89 points, or 0.7%, while the S&P lost 0.5% to 1398 (breaking solid technical support at 1400) and the Nasdaq dropped 0.
A more constructive tone was in place for local stocks on Tuesday, reflecting the general atmospherics for regional indices. Most stock indices throughout the region ended higher. The Shanghai index was conspicuous for its weaker finish, ending below the 2000 mark.Market participants remain wary of the technical picture around the Chinese index and the difficulty it's having consolidating at an important support level.
According to the latest reports, there are inspiring signs that depict a Republican inflexibility on the easing of taxes. This is the second time in a matter of days that a Republican, Lindsey Graham the Senator, has aimed towards violating on the pledge of never raising the taxes.
Thanksgiving traditions have been evolving, adding to the list of usual activities one more thing namely Thanksgiving shopping. Retailers know how to take use of the needs and trends therefore they decided to open the holiday shopping season on Thanksgiving.
Despite a flat start, local stocks are rallying at lunchtime in the East on reports Eurozone Finance Ministers have agreed to a voluntary buyback of Greek debt. Sources familiar with the situation say it would involve private equity investors taking a haircut, to receive 35c for every Euro of Greek bonds they hold.
Aston Martin, the luxury car brand, is entangled in the middle of a global Indian-Italian Aston Martin bidding war regarding the takeover of Aston Martin Company, after Mahindra, the motors group from India, trumped a major bid from Italy for almost half of the luxury car manufacturer based in Britain.
Scientists reckon that catastrophic climate change was responsible for a huge number of extinctions at the end of the Pleistocene epoch, around twelve thousand years ago. Mega-fauna - very large animals - didn't adapt well to the rapidly changing climate.
Be thankful for the bottomless gluttony of man today. It's probably going to help Australian stocks! The US markets came out of their Turkey Coma to rally higher on Friday. Both the S&P 500 and the Dow finished more than one per cent higher. That should be good enough for a positive start to the week in Australia.
By Andrew NelsonIt was a quiet week in the uranium market last week. In fact, it was so quiet that industry consultant and spot price tracker TradeTech didn't even put out a weekly report, instead heading out to Grandma's house to catch up with the rest of the US investment market.
A day after Gina Rinehart, Australia's richest woman, warned of the country losing its competitiveness in the global market due to wrong policies, Chevron's top man in Australia waved a similar red flag.
By Greg PeelThe Dow closed down 42 points, or 0.3%, while the S&P fell 0.2% to 1406, but the Nasdaq rallied 0.
The new trading week has begun the way the previous one finished. Investors are maintaining their vigil in relation to economic readings out of Europe and the US, wary of any negative impact that political inertia is having on real economy outcomes on either side of the Atlantic.
Local stocks are underperforming Wall Street in the early session, with investor apathy appearing to be at play. Despite predictions our market would rise by around 0.7pct today, at lunchtime in the East the All Ordinaries Index (XAO) is firmer by just 6.3pts or 0.1pct to 4437.8.
Revolt is in the air, Fellow Reckoner! You can smell the gunpowder...taste the whiskey...feel the virtual ink blotting dot.gov petition forms.
Due to perceived bad policies put in place by the Gillard government, Australia's richest woman Gina Rinehart warned on Thursday that the country may risk following the model of financially challenged European nations.
By Tatiana Didier, Roberto Rigobon and Sergio SchmuklerInvestment through global funds increases year on year.
