AUSTRALIA

Euro weak on profit-taking, dollar recovers

QE3 Reviving Fears Of Global Currency Wars

Thursday's announcement by the U.S. Federal Reserve that it would be engaging in a third round of open-ended bond-buying, known as QE3, to energize the economy saw a resoundingly positive reception in the foreign financial markets, where indexes rose Friday. But market-watchers were expecting the global equity party would lead to an inevitable hangover soon, in the form of intervention by central banks around the world, to stop massive inflows of dollars into non-U.S. economies -- in short, a...
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Tourism

International Tourism Arrivals To Exceed 1 Billion For First Time In 2012

Europe may be in the throes of a crisis while North America recovers from its own recession, but that hasn’t stopped people from traveling -- far from it. Despite concerns over the global economy, tourism has shown incredible resilience as international arrivals are now projected to cross the 1 billion mark for the first time in 2012.
A 2012 Chevrolet Electric Volt gets charged at a charging station at a Chevrolet car sales lot in Troy, Michigan

Why GM Actually Is Getting Its Money's Worth From The Chevy Volt

General Motors Company (NYSE: GM) may be losing money on the Chevy Volt at present, but the long-term benefits of early R&D in electric vehicles, improvements to brand image and improving sales volumes should ultimately make it a wise decision for the company.
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India "Gutka" Chewing Tobacco Habit A Tough Nut To Crack

Last week, Punjab became the tenth of 28 states to ban the sale of gutka after the Food Safety and Standards Authority of India reclassified it as a foodstuff, prohibiting the use of tobacco and nicotine as "ingredients in any food product".
Hillary Clinton and Xanana Gusmao

Clinton Visits East Timor Signaling US Status As ‘Resident Pacific Power’

While former U.S. President Bill Clinton delivered a speech to the Democratic National Convention for President Barack Obama in Charlotte, North Carolina, Wednesday, his wife and U.S. Secretary of State Hillary Clinton was sipping her coffee at a bean-processing unit in East Timor, her fourth stop in an 11-day foreign tour.
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Apple iPhone 5 Release May Face Supply Constraints: Why This Could Boost AAPL Stock

Rumored supply chain issues may have an impact on the release date for the iPhone 5, as it was reported that Sharp Co is behind schedule in producing the device's display. However, this influence may not be a negative one. New analysis has found that constraints have actually had a positive effect on Apple's stock price, reports Apple Insider.

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