Vittorio Hernandez

Up to 75,000 jobs in Australia's mining industry are at a risk of being lost as the country enters the third phase of the resources boom, a report from ANZ warned.

Although unbeaten American boxer Floyd Mayweather Jr has not yet officially named the opponent of his Sept 3 bout, ESPN reported that it would be a rematch with Argentinean boxer Marcos Maidana whom Money May beat two months ago.

The Australian share market rebounded solidly on Wednesday, following another record high for US blue-chip stocks during Tuesday's trade.

The Australian sharemarket is improving for the first time in three days, with fresh record highs in the U.S. and a firmer iron ore price helping. The All Ordinaries Index (XAO) is 0.9 per cent higher, making it the best day for local shares in a fortnight.

Ofcom, the broadcast media regulator in the UK, just approved 10 new digital radio stations. It is the result of the auction of a second national digital radio multiplex seven years since the regulator made the first multiplex available.

Global markets focused on a broad recovery in manufacturing in some key economies. China's numbers in Asian tradeyesterday set the tone and this carried through to European and US trade where we also received some encouraging manufacturing numbers. After an ordinary Q1, it certainly looks like the US is on track for a Q2 rebound, and this encouraged some positive price action across the equities space.

In US economic data, the ISM manufacturing index eased from 55.4 to 55.3 in June. A figure above 50 indicates expansion. The sub index of new orders hit a six-month high, a good sign for business capital spending. On a negative note export orders were weaker. The Markit US Manufacturing PMI rose to 57.3 in June - the highest since May 2010. US construction spending rose by a lower than expected 0.1% in May.

Controversial Uruguayan soccer player Luis Suarez has finally admitted biting the shoulder of Italian football player Giorgio Chiellini which was the result of a collision. He tweeted an apology to his bite victim, stating that he "deeply regrets what occurred."

Former French President Nicolas Sarkozy is under detention in Paris by authorities for questioning over alleged corruption, specifically influence peddling.

Apple CEO Apple Tim Cook joined on Sunday the Gay Pride Parade in San Francisco. About 4,000 gay men and women took part in the event which marked the 45th anniversary of the Stonewall riots that is often linked with the kick off of the gay rights movement.

One in five Australian women or about 20 per cent want designer vagina surgery, according to a new study by researchers at Flinders University in South Australia and scheduled to be presented at a conference in Bristol, England, on Wednesday.

Even if many fellow celebrities have dissed Canadian pop star Justin Bieber for his bad behaviour - ranging from drug use to racist remarks - his best friend Floyd Mayweather Jr had always kind words for the 20-year-old.

British boxer Amir Khan wants to take the express lane of boxing fame by naming the two pound-for-pound kings as his dream opponents for his next two fights.

The first day of the new financial year was much like the last in that sellers remained in control of the share market. The ASX 200 made new lows in the last hour of trade, although the index was able to finish the session off those levels. Compared to Monday where there were losses across the board, Tuesday was slightly more positive with a number of sectors ending with gains for the day.

Mass media is rapidly changing that unless practitioners as well as the audience adopts fast to the new ways that information is shared, they would be left behind.

It's been a bit of a choppy start to the new financial year for Australian stocks. The All Ordinaries Index (XAO) has been in and out of positive and negative territory, reaching a high of 5400 points and a low of 5371.6 points. At lunchtime in the East the All Ords is down 0.1 per cent to 5378.1 points.

A joint research conducted by PricewaterhouseCoopers (PwC) and the Urban Land Institute (ULI) claimed that 2014 will be the year when real estate markets "recover from the recovery," as buoyed by steadily growing demand for commercial real estate properties.

Global markets wrapped up the second quarter of the year on a mixed note on the back of some mixed economic data. In US trade, Chicago PMI missed estimates, while pending home sales came in well ahead of estimates. The housing market certainly continues to show some strong signs of improvement and this is helping lift confidence. Despite some encouraging data, the US dollar broadly lost ground, with the dollar index slipping below 80 for the first time since May. GBP/USD finally managed to break...

US San Francisco Fed President Williams (non-voter) spoke overnight and reiterated that he does not expect the Fed to raise interest rates ´´for some time´´. Although he did not specify what time period he had in mind, he has previously said that he expects a move in the second half of 2015.

Angry Mexicans have vowed never to ride again in Dutch air carrier KLM after the airline posted a racist tweet after Mexico lost to The Netherlands on Sunday in the ongoing World Cup games in Brazil.

The second-largest private hospital operator in Australia, HealthScope, said on Monday that it would seek up to $2.6 billion through an initial public offering. It would be the biggest IPO in the country since 2010.

Unbeaten American boxer Floyd Mayweather Jr is at it again. No dissing Manny Pacquiao - whom he might finally meet inside the ring in Dubai either in September or 2015 - but going on a shopping spree.

Blackberry CEO John Chen wants to believe that the Canadian technology company is not yet dead, despite all signs pointing to an imminent for the once number 1 technology firm in the world.

Although China's red-hot economy has slowed down, the Asian giant is still the envy of many western economies that suffered contraction after the global financial crisis in 2008, while Beijing was logging double-digit GDP growth rates. However, a report by Bloomberg released on Monday indicated that the price of success of China's economic miracle is overworked workers that some were literally dying on their work stations.

The Australian share market ended the last trading day of the 2013/14 Financial Year in the red, however it has still been a solid 12 months for investors.

Sellers have been largely unopposed in the first part of the session on Monday. Almost every sector measured by the ASX has been in retreat in the absence of any strong lead from Wall St. Mining stocks were generally lower although the influences from underlying prices weren't significant. Base metal prices ended mostly lower, but nickel and zinc - both metals subject to supply-side issues currently - bucked the trend and finished higher. Precious metals were mixed, while global crude oil ben...

In Sydney, Australia, talkback radio host Michael Smith last week lost his regular guesting stint with 2GB for controversial comments about the Prophet Muhammad during his discussion with 2GB host Ben Fordham.

Equities finished the week on a positive note despite limited leads to work off. Additionally there were no major developments from the weekend and this really limits the leads heading into Asian trade. There were some minor headlines on the geopolitical front, with Iraq's military reclaiming some ground from militants, but this seems to have been balanced out by reports that Ukraine has asked Russia to strengthen border controls.

In US economic data, the University of Michigan final reading on consumer sentiment rose from 81.9 to 82.5 in June, mildly above expectations. Interestingly 1-year inflation expectations index fell from 3.3% to 3.1% - the lowest reading in six months.