The Australian share market managed to stage another recovery in late afternoon trade, but still closed lower. After hitting an intra-day low of 4750pts, the All Ordinaries Index (XAO) finished the day's session down 10.4pts or 0.2 per cent to 4794.
At least more than 50 people in northern India are feared dead after their homes were swept away by ravaging floods brought about by incessant heavy monsoon rains over the past days. The worst hit were the states of Uttarakhand and Himachal Pradesh.
Intel’s Corp’s detailed roadmap for 2013 was leaked through a blogsite: asder00.blogspot.it. The blog showed slides of the desktop platform roadmap of the company. The slides show that Intel is not planning on releasing a microprocessor by the name Broadwell.
Air New Zealand has unveiled during the 50th Le Bourget Paris Air Show its brand new shark-finned Airbus A320 aircraft planes.
Bell FX Currency Outlook: It was a fairly quiet session for currencies overnight with the AUD slowly drifting back towards the USD0.9550 level.
China may have become finally aggressive in combating its pollution-riddled air and environment, but it would take at least 18 years for the zooming super-power to realise the fruits of its labor and be finally able to eat it too.
The Australian share market has reversed all of Monday's gains in the early session, as investors turn their attention to the US Federal Reserve's two day policy meeting which kicks off tonight in Washington. Market speculation over whether or not the Fed will wind back its stimulus program remains mixed.
- Spot price up 10c- Still below US$40- Japan may still come to the rescueBy Andrew NelsonLast week was a slow one on the uranium market, with many participants attending the World Nuclear Fuel Market conference in Turkey.
- US shaky, but still ok- More sideways trends in Europe- China to pick back up, slowly- Australia may be headed towards recessionBy Andrew NelsonIn this day and age it's hard to start a discussion about the global economy and its recovery prospects without roping in the big three: the US, Euro.
By Greg PeelThe Dow closed up 109 points, or 0.7%, while the S&P gained 0.8% to 1639 and the Nasdaq added 0.