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  • Why the S&P ASX200 dived 103 points

    8:04 am

    Why the S&P ASX200 dived 103 points

    China’s first contraction in manufacturing activity in seven months has sent Australian shares falling with the biggest declines coming from the Financial and Telecommunications sectors. The benchmark S&P ASX200 was down 103 points, or 2%, to 5,062.4, the Shanghai Stock Exchange Composite Index down 1.17% to 2,274.81 points and Dow Mini down 129 points to 15,307.17.

  • TZ Limited signs delivery giant TNT Express to A.D.A.M. Parcel Locker network

    2:28 am

    TZ Limited signs delivery giant TNT Express to A.D.A.M. Parcel Locker network

    The addition of leading domestic and international express delivery company TNT Express to its growing A.D.A.M. Parcel Locker Network gives TZ a giant step forward.  It is in a strong position to take on Australia Post and overtake it in the parcel distribution and online logistics business given TZ's "agnostic" delivery platform.

  • Why the Dow swung in near 300 point range

    Wed 11:18 pm

    Why the Dow swung in near 300 point range

    U.S. markets reversed sharp gains from earlier in the session overnight as comments from Fed chief Bernanke and minutes from the latest meeting suggested that the tapering of easing policies could begin soon. In the pre-open markets the Dow-mini is up 14 points to 15,334, while the ASX SPI 200 is off 20 points at 5151.

  • ASF Group forms strategic partnership with China Real Estate Association

    Wed 3:03 am

    ASF Group forms strategic partnership with China Real Estate Association

    The formation of a strategic partnership agreement with China Real Estate Association has the potential to improve ASG Group’s position in the property sector while increasing its exposure in China.

  • Wall Street to tumble after China, Fed prompt fears

    1:51 pm

    Wall Street to tumble after China, Fed prompt fears

    U.S. stock futures tumbled on Thursday despite a drop in jobless claims as concerns that the Fed would begin tapering its bond buying program in the near term and weak Chinese manufacturing data combined to hurt investor sentiment.

  • HP tops on the bottom line in Q2

    Wed 10:06 pm

    HP tops on the bottom line in Q2

    Shares of Hewlett-Packard Company (NYSE: HPQ) are soaring in after-hours trading after the company topped expectations in the second quarter.

    HP's earnings dropped 31 per cent to $0.55 per share from the same prior-year period. After adjusting for one-time items, earnings fell 11 per cent to $0.87 per share, six cents ahead of analyst expectations. 

  • Copper rises to six-week high as mines close

    Wed 9:06 pm

    Copper rises to six-week high as mines close

    Prices for copper on the London Metal Exchange rose to US$7533.75 a metric tonne Wednesday, a bump of 2.2 per cent, to reach a six week high in the wake of Freeport's Grasberg mine disaster on the back of apparent concerns  of constrained supplies.

  • Wall Street turns lower after Fed minutes reveal possible June start for tapering

    Wed 8:26 pm

    Wall Street turns lower after Fed minutes reveal possible June start for tapering

    U.S. markets reversed sharp gains from earlier in the session on Wednesday as commens from Fed chief Ben Bernanke and minutes from the central bank's latest meeting suggested that the tapering of the aggressive easing policies could begin in the coming months.