BUSINESS

ANZ Denies Transferring 600 Jobs To New Zealand and the Philippines

On Thursday, ANZ spokesperson Stephen Ries denied earlier reports that the company is closing its Mulgrave call centre in Melbourne and transferring jobs to New Zealand and The Philippines. "We're not going to speculate what's going to happen in the future," he said. He assured Australian customers that ANZ's call centre headquarters would remain in Melbourne.
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Australian Stock Market Report – Morning 6/20/13

In US economic news, Federal Reserve Chairman Bernanke reiterated its commitment to buying $85 billion in bonds per month given still-high unemployment. However the Fed did highlight that risks to growth and employment have lessened in recent months and as such it was likely that it could slow the pace of its bond purchases later this year and look to end the QE program by mid-2014. The Fed will not raise interest rates until unemployment fall below 6.5pct or provided inflation remains below 2.5...

Leaked: ASUS Releasing a Tablet to Against Nexus 7.2? K009 FCC Filing Spotted, European Website Gives A Peek of GeForce GTX 760 DirectCU II OC

FCC listings indicated that Asus is reportedly working on a mysterious tablet that can potentially or directly go against the line of Google’s Nexus. With the pending release of the Google Nexus 7.2 and increasing hype, Asus is testing the waters to penetrate the same market. Only a few weeks before the release of Nexus, speculations are also increasing that Asus is gearing for another global launch.

Oil Price Looking Toppy

By Jonathan BarrattOil has gradually being trading higher over the course of the week and as it knocks into resistance at US98.

Australian Stock Market Report – Afternoon 6/19/13

The behaviour of financial markets in recent months has been defined by one issue. What will the Fed do with Q.E. To this end it's interesting to note how composed the markets have been in the last day given the import of the day ahead in the US. Wednesday in Washington will see the Fed conclude its 2 day meeting with a press conference. In this forum the US Fed Chairman is expected to provide some clarity in relation to its bond buying program. 'Tapering' has been an expression frequen...

ASUS ROG Maximus VI Extreme Becomes Top Contender for Overlocking Supremacy

Asus announced that their Republic of Gamers Maximus VI Extreme motherboard has achieved overlocking supremacy at the Computex Taipei 2013. The motherboard, powered by Intel Z87, delivered 91% success rate at the convention. Asus also achieved several world records at an event hosted at the company’s headquarters.

Australian Stock Market Report – Midday 6/19/13

Australian shares are trading close to the highest levels of the day, with the All Ordinaries Index (XAO) up 0.5 per cent. There still is significant hesitation ahead of the Federal Reserve's statement on monetary policy due at 4am (AEST) tomorrow morning. Investors are hoping for further clarification on the US central bank's plans on stimulus in the future.

ASUS Memo Pad HD 7 Android tablet is the New Google Nexus? Specs and What to Expect

The release of Google Nexus 7 ushered in a new preference for computing devices: small and cheap. The market is quick to adapt and many manufacturers started producing tablets. ASUS has joined the era of producing ultrabooks and tablets. The Memo Pad HD 7 is the company’s latest attempt at penetrating the same market as Google Nexus 7.

The Pressure is Building in China’s Economy

Yesterday we discussed how financial conditions were becoming tighter across the globe as markets responded to US Federal Reserve Chairman Bernanke's attempts to pull back on the scale of quantitative easing. Right now, the Federal Reserve is monetising around $85 billion per month in Treasuries and mortgage backed securities.

Inside Ben Bernanke’s Doomsday Device

Those who think the world is warming up should visit Edinburgh. It is a city made of stone. Yellow stone. Brown stone. Almost black stone. Almost every building is built of stone. And the entire city sits on a rock...

Intel's Milky Way 2 is the World's Fastest Computer, New Top Supercomputer Named

Every year the industry ranks the world’s top super computers. The rankings changed again this year as a neophyte from the National University of Defense Technology grabbed the top spot. The Top500 Supercomputer Sites list updates their ranking twice a year. For this period, Intel-based Milky Way 2 takes the number one spot.

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