The Australian dollar fell as news that North Korea planned more rocket launches hurt sentiment already weakened by disappointing earnings from Apple and a downgrade to the International Monetary Fund's global growth forecast. At 4.08pm ...
Tags: Dollar, Aussie dollar, Australian dollar
Australian shares rose slightly yesterday as global equity markets remained supported by tentative signs of improvement in China's economy. Fund managers tipped continued yield-based demand for Australian equities in particular, although ...
Tags: China, shares, global equity markets, economy
Sainsbury's today (9 January) reported that third-quarter like-for-like sales, excluding fuel, came in at 0.9%. While this represents a slow-down from the company's previous 31 consecutive quarters of growth, Sainsbury's was able to ...
Tags: food inflation, Sainsbury, sales, Retail Pack
Associated Press reported that aluminum producer Alcoa Inc launches the fourth quarter earnings season on Tuesday after the markets close. The sluggish global economy, including slower growth in China and the debt crisis in Europe, has ...
Tags: Alcoa, aluminum producer, aluminum, aluminum industry
Computerworld-The PC industry got another does of sour news Friday when Intel announced it's cutting its third-quarter revenue outlook. The world's largest chip maker lowered its revenue forecast from an expected$13.8 billion to$14.8 ...
Tags: Intel, PC industry
A FORMER analyst at Moody's Investors Service and the friend to whom he allegedly passed inside information are set to face trial over insider trading charges, after losing a court appeal. Sydney-based Daniel Joffe, who worked at Moody's, ...
European chemicals output will contract by 2.0 per cent in 2012 compared with 2011, European chemicals group Cefic said. A lowering of its forecast released in September, the chemicals trade body downgrade reflects recent data showing a ...
Tags: chemical sector, chemical, chemicals output, chemicals group
International credit ratings agency Fitch Ratings has announced that it has downgraded Luxembourg-based steel giant ArcelorMittal's credit rating to BB+, below investment grade. The rating agency stated that the downgrade reflects the ...
Tags: Fitch Ratings, ArcelorMittal, steel, steel market
Fitch Ratings has affirmed ThyssenKrupp AG's Long-term Issuer Default Rating and senior unsecured rating at 'BBB-'. The Outlook is Negative. The Short-term IDR has been affirmed at F3. The affirmation reflects Fitch's view that TK will be ...
Tags: Fitch Ratings, AG, Steel, affirmation
Apple's stumble with its new mapping app is a debacle right up there with 2010's "Antennagate," analysts said today. "This ranks with 'Antennagate,'" said Patrick Moorhead, principal analyst with Moor Insights & Strategy, of the 2010 ...
Tags: Apple, mapping app, Antennagate, analysts
Moody's Investors Service on Tuesday placed Alcoa Inc's Baa3 senior unsecured and Prime-3 short term rating under review for downgrade, reflecting the headwinds facing the company due to the decline in aluminum prices. The outlook was ...
Tags: Moody, Investors Service, aluminum price, aluminum
In mid-day trade on Monday Molycorp was changing hands for $10.06, up 2.2%, recovering from a brutal Friday when the rare earth miner was beaten down 11.8% – it was also one of the most actively traded stocks on the NYSE – ...
Tags: Molycorp, rare earth, miner, Mountain Pass mine
In lunchtime trade Molycorp was changing hands for $24.37, down $1.06 or 4%, in reaction to a downgrade and as investors continue to digest the company's results out last week. TheStreet Ratings downgraded the rare earth miner from hold ...
Tags: rare earth miner, rare earth, miner, Mountain Pass mine
Mozilla yesterday took the unusual step of yanking Firefox 16 from distribution just a day after its release. The company said a critical vulnerability triggered the move. The bug was apparently overlooked by Mozilla while it was ...
Tags: Mozilla, yanking Firefox 16, distribution, critical vulnerability
Microsoft will allow users of Windows 8 Pro to downgrade their new PCs to Windows 7 or even Vista, according to the operating system's licensing agreement. Not surprisingly, users may not downgrade to the ...
Tags: Microsoft, Windows 8 Pro, PCs, Windows 7, Vista