Economy

Govt Says Tobacco Firms Selling Cheap Cigarettes is a Desperate Act

From Economy 5:52 am

Govt Says Tobacco Firms Selling Cheap Cigarettes is a Desperate Act

The Australian government said on Thursday that issuing much affordable cigarette brands in the market was an act of desperation coming from the British American Tobacco Australia (BATA), which recently unleashed a new brand that sells for only $11.50.

The No.3 nuclear reactor of the Fukushima Daiichi nuclear plant at Minamisoma is seen burning

From Politics & Policy 5:16 am

China’s Nuclear Safety and Development Plan Nears Approval

It looks the safety and development plan that is currently being modified by Chinese regulators and planners for its nuclear industry will have its stamp of approval by June.

Gartner Crowns Samsung as Number 1 Smartphone Maker

From Economy 4:24 am

Gartner Crowns Samsung as Number 1 Smartphone Maker

Samsung is the king of smartphones for the first quarter of 2012, based on the latest global sales data released on Thursday by Gartner.

A trader enters an order by a post that sells JP Morgan Chase stock on the floor of the New York Stock Exchange

From Politics & Policy 4:19 am

Australian Stock Market Report – Midday 5/17/2012

Yesterday was another down day for the Australian share market, with widespread selling in all sectors apart from the utilities, the All Ordinaries Index (XAO) ended off 101 points to 4,214 points.

UK construction

From Economy 4:13 am

2 Months After Winning Bid for Public Housing Projects in NSW, St Hilliers Goes into Voluntary Administration

St Hilliers Construction, which two months ago won major public housing projects in New South Wales, went into voluntary administration on Wednesday. The move created havoc on the company's building projects in Illawarra, Shoalhaven, Coffs Harbour and Victoria.

Gold pellets

From Politics & Policy 3:38 am

2011 Gold Production in Tanzania Up 13%

Production of the precious safe haven yellow metal gold by Tanzania, Africa's fourth largest gold producer, jumped 13 per cent to 40.4 tonnes in 2011 from 35.6 tonnes in 2010, as companies increased production output prompted by the metal's rising price during the period in reviews.

Report: Apple to Roll Out Major Overhauls on New iPhone

From Economy 3:36 am

Report: Apple to Roll Out Major Overhauls on New iPhone

Apple will issue a new iPhone version later this year and based on reports that emerged, the hit gadget will come with a bigger screen, ditching the standard screen size that the smartphone has been carrying since its 2007 market debut.

Dollar bills being counted

From Politics & Policy 1:53 am

Australian Dollar Outlook - 05/17/2012

Bell FX Currency Outlook: The AUD is trading just above USD0.9900 this morning after falling to a low close to USD0.9870 overnight.

From Politics & Policy 1:30 am

Merkel Open To Measures To Revive Greece

German Chancellor Angela Merkel appeared to soften her stand on Greece Wednesday night, saying she was ready to discuss stimulus programs to get the Greek economy growing again and that she was committed to keeping Greece in the euro zone.

Currencies

From Politics & Policy 1:01 am

Fed Minutes Show Possible Need for Further Stimulus; Australia Dollar at Europe's mercy

True to recent form, Greece remained the primary directive overnight for currencies overnight with the global bid for safety promoting losses across the risk spectrum.