BUSINESS

Australian Dollar Continues to Weaken Despite $670 Million Trade Surplus

The Australian dollar weakens further despite rallying slightly after the nation has posted a fourth consecutive month of trade surplus. On Wednesday, the Australian dollar traded at 91.62 U.S. cents, lower than Tuesday's exchange rate of 91.83 cents. Official data indicates Australia's trade balance last May maintained its positive streak for four months in a row with a surplus worth $670 million.
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Apple Inc Failed to Pay UK Taxes, France Offices Raided

Apple Inc has been accused of tax avoidance in the U.S. and other countries and this time, alleged reports have surfaced regarding the company's non-payment of UK taxes during the 2012 fiscal year. According to reports, Apple even had tax credit which can be used in the coming years.

Global Markets Overview - 7/3/13

Once more choppy trade is defining the start of the new financial year.The US and Europe both suffered from low volume trading and sporadic price action last night, as both sides of the Atlantic slip into the red for the first time this week.

Australian Stock Market Report – Afternoon 7/2/13

Strong turnaround as RBA leaves rates at historic lows. The Australian share market has made a solid turnaround today, spurred by positive offshore gains and the Reserve Bank of Australia's decision to leave interest rates on hold at 2.75 per cent.

Australian Stock Market Report – Midday 7/2/13

After a dismal start to the new financial year, the Australian share market is rebounding today on the back of positive offshore moves and ahead of the RBA's rate announcement this afternoon.

Ford Focus Sport Review

The Ford Focus has been one of the best small cars to drive ever since it reached Australian shores in 2002.

BMW i3 Patent Sketches Revealed

BMW has revealed patent sketches of its new i3 model this week, originally publicised by French Automotive magazine L'Automobile.

The US Federal Reserve’s Lies and Other Redundancies

A new meme is spreading in financial markets: The US Federal Reserve is about to turn off the monetary spigot. US Printmaster General Ben Bernanke announced that he might start reducing the monthly debt monetisation program called 'quantitative easing' (QE) as early as autumn 2013, and maybe stop it entirely by the middle of next year.

The Tentacles of the US Economy

The 2013 Financial Year could best be summarised by Charles Dickens' immortal opening line in A Tale of Two Cities: 'It was the best of times, it was the worst of times.'

Banks, As Safe As Houses

By Peter Switzer, Switzer Super ReportTuesday afternoon I bit the bullet and bought bank shares and gave myself a pat on the back across Wednesday and Thursday when the stock market went up 3.

Asus Rep Dishes out Details on the Asus K009 and the Next Generation Google Nexus

Google’s lips remained sealed about the next generation Nexus also rumored to be Nexus 7.2 or Nexus 7 2. Speculations are high that Google will be releasing their next best tablet this month or sometime soon. The latest rumor on this tablet comes from an Asus customer representative. Reports indicate the rep dished out some interesting specs about the new Nexus 7.

The Month Uranium Fell Below US$40/lb

- Spot price down US20c on last week- Down US85c in June- Life emerging in term market- TD securities cuts price forecastsBy Andrew NelsonJune was another difficult month on the uranium spot market, with spot prices falling and staying below US$40/lb.

Australian Jobs Market Softens Further

- Australian Jobs continue to fade- Lower sales higher costs to blame- Businesses expect weak 2014- Jobs losses could mean more rate cuts By Andrew NelsonWhen the rest of the world had a GFC, they also had to endure the GFC jobs market and it wasn't a good one.

Xperia Z Ultra Puts Samsung Galaxy Note 2 to Shame, Top 5 Reasons Why Xperia Wins

From the time Samsung Galaxy Note hit stores, it has set the standards for smartphones and phablets alike. But the market is always full of surprises and some contenders are rising up to the challenge. With the pending release of the Samsung Galaxy Note 3, tech giants like Sony are stepping up. The Sony Xperia Z Ultra can put the Note 2 to shame according to announced specs.

Intel's CTO Steps Down, New CEO Focuses on Wearable Device Chip

Intel's chief technology officer Justin Rattner has stepped down from his post because of his age. The company forbids any employer to be beyond 65 working still. Rattner will be on extended leave. Intel did not provide details about his return and to what his return will account for.

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