Many Aussies Regret Voting PM Tony Abbott into Office
The results of surveys and opinion polls show the overwhelming disappointment of Australian voters in having placed in office Prime Minister Tony Abbott who had failed, in their eyes, to bring a clean and efficient transition of power from the previous Labor government.
Boxing News 2014: Former Promoter Frank Maloney Undergoes Gender Reassignment, Now a Woman Named Kellie
Frank Maloney, a former boxing promoter in Britain, came out on Sunday at the age of 61 and introduced to the world his new identity - Kellie Maloney. He was behind the boxing career of former world heavyweight champion Lennox Lewis.
Aussie Female Stripper Accused of Killing Ex-Partner, Dumping Body Then Having Sex With Murder Accomplice
After allegedly having her ex-partner killed by two male accomplices, a 41-year-old woman threw the man's body from a cliff and made love to her current lover in a nearby secluded sport in Kyneton. Then they drove back to Preston.
Australian Stock Market Report – Afternoon August 11, 2014
In broad terms the ASX 200 was able to maintain the levels that had been established in the early part of the day, although sellers had gained an edge in mid-afternoon trade when the index retreated from 5470 back towards 5455. Buyers returned in the final half hour of trade seeing the market close at 5457.
Australian Stock Market Report – Midday August 11, 2014
Sellers regained control of the Australian share market for the first time in more than a week on Monday following a recovery for US markets at the weekend. US share markets rebounded sharply after Russia said it had concluded military exercises near the Ukrainian border. The Dow Jones index rose by 185 points or 1.1% with the S&P 500 index up by 1.2% . The ASX 200 started the session with a gain of 38 points and buyers were content for the index to maintain levels of that order for most of the ...
U.S. Chains Eye Canada's Prime Real Estate for Expansion
U.S. luxury retail mall chains Nordstrom Inc. and Saks Fifth Avenue are cornering a piece of Canada's prime real estate for expansion, according to a report on The Financial Post.
Goldman Sachs Adds Barrick Gold to Conviction Buy List
American investment bank Goldman Sachs added Barrick Gold, the biggest gold mining company in the world, to its Conviction Buy List. Goldman had previously recommended Barrick as a Buy stock.
Minority of Infrastructure and Real Estate Fund Managers Believe AIFMD Has Positive Impact
Only a small proportion of fund managers active in infrastructure and real estate think that AIFMD regulations will have a positive impact on their firm and industry, following a recent survey of over 140 managers active in the asset classes.
Global Markets Overview – August 11, 2014
The markets have just come off one there worst weeks in two years. The ASX has seen six consecutive days of losses, shedding 208 points from the high at the close of July. The Nikkei has lost 910 points in the last eight trading days, as geopolitical risk sees buyers ducking for cover.
Australian Stock Market Report – Morning August 11, 2014
In US economic data, labour costs rose at a 0.6% annual rate in the June quarter while productivity rose by 2.5%. Economists had tipped a 1.4% lift in labour costs and 1.5% rise in productivity. Wholesale inventories rose by 0.3% in June with sales up 0.2%, both short of forecasts.
Telstra Opens Financial Markets Data Centre at ASX
Telecom giant Telstra opened a data centre at the Australian Securities Exchange (ASX) that would connect financial centres. The Australian Liquidity Centre (ALC) was built mainly to make available fast and reliable connectivity to other major financial centres.
Boxing News 2014: Pacquiao-Algieri 6-City Tour Begins on Aug 25
To drum up more interest in their forthcoming Nov 22 bout in Macau, eight-division title holder Manny Pacquiao and WBO junior welterweight champion Chris Algieri will start on Aug 25 a 6-city tour. The 6 cities are in Macau and Shanghai in China, and San Francisco, Las Vegas, Los Angeles and New York in the U.S.
BG Group Bids Out $3 Billion Pipeline Assets in Queensland
British Gas's BG Group is bidding out its $3 billion pipeline assets in Queensland, Australia, triggering a renewed competition between Hong Kong's Cheung Kong and the APA Group.
Academic Says There Are at Least 10 Design Students More Deserving of $60,000 Scholarship in 2011 Than PM Tony Abbott’s Daughter Frances
A design academic who was the former professor of Prime Minister Tony Abbott's daughter, Frances, filed a complaint with the Fair Work Commission against the Whitehouse Institute of Design for alleged dismissal and discrimination.
Amaysim Promises Aussie Customers No Bill Shock With New Low-Cost Data Plan Offering 5GB for Only $44.90/Month
Amaysim, a budget mobile phone operator in Australia, is challenging Virgin, the fourth top carrier in Australia, by rolling out a new low-cost data plan that offers 5GB for $44.90 a month.
New York Property Bubble Close to Bursting, Says Portfolio Manager
A U.S. portfolio manager claimed New York's property bubble could pop due to a rise in demand, a great deal of foreign transactions (led by the Chinese), and a loophole in the Foreign Investment in Real Property Tax Act (FIRPTA), which imposes tax obligations on foreign investors, according to a commentary published on CNBC.
Troubles at Home Cause Alcoholism in Returning National Guardsmen
Experts from Columbia University have discovered that civilian stressors such as family breakdown, unemployment, money, and legal troubles cause National Guardsmen back from deployment to engage in alcohol abuse more than twice than their civilian counterparts, a report on Medical News Today said.
Malaysia Airlines Suspends Trading of Stocks Pending Privatisation of Air Carrier; Majority Investor Offers 27 Sen per Share
Malaysia Airline System suspended on Friday the trading of the company's shares on the Malaysian Stock Exchange as part of the restructuring plan of the air carrier that was financially hit by two air tragedies in March and July 2014.
Warwick Links Rise in Google Search for Politics & Business to Stock Market Crashes
There is some link between a surge in Google searches for political and business topics to stock market crashes, according to a study by Warwick Business School.
Global Markets Overview – August 8, 2014
Yesterday Russia imposed sanctions on the EU and US around agricultural products, and overnight it has widened its reach to include Canada, Norway and Australia.
Australian Stock Market Report – Morning August 8, 2014
In US economic data, consumer credit rose by a less than expected $17.26 billion to $3.21 trillion in June. Revolving credit, which mostly measures credit-card use, increased only $941.54 million after a downwardly revised $1.74 billion in May- it was still the fourth consecutive monthly increase. US jobless claims fell by 14,000 to 289,000 last week.
Deranged HK Man Kills Elderly Parents, Cooks & Packs Chopped Bodies in Lunch Boxes
The deranged 30-year-old suspect named Henry Chau, with his friend and accomplice Tse Chun Kei, 36, allegedly killed Chau's elderly parents, chopped their corpses and even cooked their flesh and packed them in lunchboxes. The crime happened in March.
Croc Belly Yields Human Remains, Possibly That of Missing 22-Year-Old Aussie Man from Melville Island
Local community members of the Tiwi Islands, located 126 kilometres northwest of Darwin in Australia, killed a 2-metre long crocodile on Wednesday afternoon based on the belief that the reptile was the one that ate a missing 22-year-old man from Melville Island.
Cost-Cutting Doubles Rio Tinto’s 1st Half Underlying Profit to $5.1 Billion
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.
Brazilian Woman Who Tracks Mother Discovers Her Husband Is Her Half-Brother; Similar Case of U.S. Siblings of Lesbian Mums & Sperm Donor Dad
When 39-year-old Adriana, a Brazilian, searched for her mother who abandoned her as a baby, she came upon a shocking truth about her family - that the man she married, Leandro, 37, is her biological brother.
Boxing News 2014: 570 U.S. Theatres to Show Mayweather-Maidana Rematch on Sept 13; Nevada Names Money May Fighter of the Year
Boxing fans would be able to watch the rematch on Sept 13 between Floyd Mayweather Jr and Argentinean boxer Marcos Maidana in 570 theatres across the U.S., Mayweather Productions and Fathom Events said on Thursday.
Australian Stock Market Report –Afternoon August 7, 2014
The Australian sharemarket fell for the fifth day; its longest losing streak in eight months. Weaker than expected employment figures and falls in European markets overnight were drivers. The All Ordinaries Index (XAO) fell by 0.1 per cent; however managed to close just above a key level at 5500.7.
New Regulations Unlikely to Democratise Interest-Rate Trading
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.
Swiss Home Prices Approaching 1989 Bubble Levels, Warn Swiss Banks
Risks of an impending housing bubble are threatening Switzerland's real estate market following mortgage and property price jumps during the second quarter that surpassed economic growth, Bloomberg said in a report.
Australian Stock Market Report – Midday August 7, 2014
Another tough day for the Aussie markets, we saw the ASX 200 started only slightly weaker off 2pts. But by 11.25am the markets had fallen back by 14 points and just after the release of the weaker than expected July Jobs numbers the market lost more ground now down 18.6 points.