BUSINESS

A Structurally Sick Economy

Not much happened in the financial markets overnight. Europe was in the red on renewed concerns over the health of the peripheral nations of Portugal, Spain and Greece. The US backed off a little as everyone awaits 'the man' tomorrow, the US dollar was weak and gold was up a little bit...but still below the important US$1,300 threshold.

Mini Paceman JCW Review

The Mini Paceman, the seventh full-production model to come from the British brand, is the latest to get the treatment from associated performance stable John Cooper Works. The JCW badge is also a natural fit for the sportiest version of the biggest Mini and Australia's first model to combine four-wheel drive with two doors.

Australian Stock Market Report – Afternoon 7/19/13

Local stocks were unable to stage any form of eaningful recovery on Friday afternoon. The ASX finished within sight of the session lows. Over the course of the week the index is essentially flat. At face value this result appears unflattering. Although when seen through the lens of the major development this week, namely the communications from Mr Bernanke, a flat result is better than a pass mark.

Paypal: Plastic Credit Cards Will Become Obsolete in 5 Years

Paypal says the use of physical credit cards will soon die out by 2018, thanks to rising number of Australians using their smartphones for purchasing almost virtually anything, according to a senior executive of the digital payment service company.
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Words Your iPhone Cannot Understand: Apple Auto Correct Blindspots

The latest iOS on Apple devices like iPod touch, iPad or iPhone will refuse certain words according to reports. When users input words like “virginity”, “abortion”, “ammo”, “bullet” and “rape”, the operating system will refuse to provide the correct word.

At Least 5 New England Retailers Won’t Sell Rolling Stone Over Boston Bomber Cover

Americans are not buying the explanation of Rolling Stone why the iconic magazine featured as its cover story a glamourised photo of accused Boston Marathon bomber Dzhokhar Tsarnaev. The fallout would be felt in the sales of the August 2013 issue as at least five retailers from the New England area would not sell Rolling Stone magazine. These are CVS, Walgreens, Rite Air, Stop & Shop, Roche Bros and Tedeschi Food.

Australian Stock Market Report – Afternoon 7/18/13

The Bernanke speech may be in the rear view mirror now, but having navigated the main risk hurdle of the week markets have remained subdued. For much of the day the local index traded in a narrow range and volumes were equally constrained. The question to pose now: What's the next catalyst?

Australian Stock Market Report – Midday 7/18/13

Local stocks were enjoying some modest gains at lunchtime on Thursday reflecting the response to the Bernanke testimony overnight. The fact that price moves in the aftermath have been modest, in the main, indicates that investors are getting comfortable with the US central bank and its perspectives on quantitative easing. The real test will come when the Fed finally reduces the size of its monthly asset purchases from the current levels of $85bln.

World Youth Day 2013: Pope Francis Dumps Bulletproof Popemobile for Rio Trip

Pope Francis, who had earned a reputation for keeping his security detail on their toes whenever he goes out of the expected cordon sanitaire during events in Vatican, will be doing the same for his first international trip. On Wednesday, the Vatican announced this year's newly-installed spiritual leader of the Roman Catholic church had just dumped the idea of riding the ever famous bulletproof popemobile for his Rio de Janeiro, Brazil trip in observance of the World Youth Day 2013 festivitie...

Advisory – NSW, Australia Nurses and Midwives to Strike on July 24

Public nurses and midwives across the state of New South Wales in Australia have decided to take their employment-rant related concerns to a higher level. Patients confined at NSW state hospitals and community health service centres may expect work disruption as the nurses have voted to a state-wide strike action on July 24.

Supply Cruch At Hand For Copper?

By Jonathan BarrattCopper has managed a bounce from what many thought would have seen the commencement of another major leg lower.

Supply Crunch At Hand For Copper?

By Jonathan BarrattCopper has managed a bounce from what many thought would have seen the commencement of another major leg lower.

There Are Now 591 Million Internet Users in China

Although China's Internet penetration rate was 42 per cent as of last count, the South Asian giant continues to hold on to the number one post in terms of users. A report from China Internet Network Information Centre (CNNIC) released on Wednesday said the penetration rate went up by 2 per cent to 44 per cent as number of users rose to 591 million.

Metal Amazon Kindle Fire Coming Out in August?

The Amazon Kindle Fire is one of the tablets that reportedly will have a next-generation model, which is why tech experts recommend for people who are on tighter budget and want to take advantage of price cuts on 2012 models to consider this gadget.

Australian Stock Market Report – Afternoon 7/17/13

The pattern of trade seen this morning continued over the remainder of the day as investors turned over the possibilities to emerge from Fed Chairman Bernanke's semi-annual testimony to the US Congress later tonight local time.

Sony Xperia Z Ultra vs Asus Fonepad: Which is the Better Phablet?

The market previously only offered a limited number of tablet-sized smartphones. Gone are those days as companies like Asus and Sony reveal their plans about releasing phablets some time soon. Specifically, Sony will introduce Xperia Z Ultra whereas Asus will release the Fonepad Note FHD 6.

Australian Stock Market Report – Midday 7/17/13

Regional markets have started Wednesday's session in cautious fashion as investors wait for US Federal Reserve Chairman Bernanke's semi-annual testimony to the US Congress. The Bernanke testimony is split into 2 parts: Prepared remarks are released at 10:30pm AEST; and the committee hearing, which includes the Q & A session commences at midnight AEST. The prepared remarks will likely reflect the views of the FOMC as a group. To this end Mr Bernanke is likely to reiterate the perspective th...

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