The sharemarket recorded its biggest one-day fall for nine months after minutes from the US Federal Reserve's recent policy-setting meeting revealed unease about the bank's stimulus efforts. The benchmark S&P/ASX 200 closed down 2.3 per ...
Tags: Stocks, sharemarket, share
The sharemarket rose to a multi-year high yesterday amid growing optimism about corporate earnings and continued weakness in the domestic bond market. Minutes from the Reserve Bank's February board meeting left the door open to more ...
Tags: Earnings, sharemarket, bond market
Apple will not create a new, inexpensive iPhone just for the sake of offering a cheaper alternative, Apple CEO Tim Cook said in a speech on Tuesday. The company's focus is on creating great products, and it will not make a smartphone that ...
Yahoo is bidding to strengthen its presence in the increasingly important mobile space with the acquisition of Alike, a location discovery app. The move comes as Yahoo faces rising pressure to stay relevant and offer mobile products for ...
Tags: Yahoo, mobile space, Alike, acquisition
Yahoo CEO Marissa Mayer thinks there are problems with checking email on a smartphone, but her company is working on a solution. "Mail isn't done. There are a lot of things about it that can be improved," she said Tuesday during Goldman ...
Tags: Yahoo, email, smartphone
Semi-conductor giant Intel has invested about $6.5m (£4.1m) in software-defined networking (SDN) firm Big Switch Networks, as it looks to diversify its portfolio away from PCs and servers. The investment by Intel comes in Big ...
Tags: Semi-conductor, Intel, networking
Pressure is mounting on the banks to pass on to customers savings from the thawing in wholesale funding markets, with retailers and mortgage brokers seizing on revelations the banks are raising money at the cheapest rates in years. Ahead ...
Tags: rate cuts, funding markets, debt markets
The sharemarket broke a 10-day winning streak yesterday after the US Federal Reserve said the country's economy had paused recently. However, the Australian bond market found support after a wave of selling. "Being the last day of the ...
Tags: stocks, US economy, sharemarket
The Asian LNG spot price is expected to peak at an average of $16.90/MMBtu in 2013, with the LNG market expected to tighten further and freight rates to remain high, Goldman Sachs said in a report released late Monday. "The Japan ...
Tags: LNG spot price, LNG market, Asia
UK-based underwriter Rothesay Life has signed a pound 115m bulk annuity insurance agreement with Western United Group Pension Scheme, to cover a portion of the pension liabilities associated with Vestey Group's pension scheme. The ...
Tags: Rothesay Life, bulk annuity insurance agreement, Western United Group
Shares in Canadian smartphone manufacture Research In Motion (RIM) reached a 13-month high on Monday, a week before the firm launches BlackBerry 10. Toronto-listed stock prices for RIM were up as much as almost 18 per cent on Monday, ...
LED lighting could become the most popular way of illuminating homes and businesses in just a few years' time as more people recognise the benefits it offers. Speaking to the New York Times, Home Depot merchant Brad Paulsen said he is ...
Tags: LED lighting, LEDs, LED technology, lighting market
Facebook has proposed a new model for designing servers that it says will give businesses more choice in selecting components and a smarter way to upgrade systems when needs change, though it remains to be seen how widely its method will be ...
Tags: Facebook, Buying Servers, upgrade system
The manufacturers' organisation EEF is hosting a Global Supply Chain Management workshop at its National Manufacturing Conference. It is one of four best-practice sharing sessions at the conference, dubbed "The Route to Growth". The event ...
Tags: EEF, Global Supply Chain Management, National Manufacturing Conference
Investment bank Goldman Sachs on Monday cut its 2013 US natural gas price forecast to $3.75/MMBtu form $4.25/MMBtu, saying mild winter weather across the US has failed to put a serious dent in storage levels. The bank said higher levels ...
Tags: Investment bank, Goldman Sachs, US, natural gas, price