BUSINESS

Australian Stock Market Report – Midday 3-11-13

The Australian sharemarket started session largely flat for much of the morning following mixed economic news over the past three days. The All Ords is a touch higher though, adding to last week's 0.75 per cent improvement. On Friday, a report showed that there were around 70,000 more jobs created in North America over February than expected, while the jobless rate improved to 7.7 per cent. This was the first time since March 2012 that more than 200,000 jobs were added in one month.
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Papal Conclave New Pope 2013: Unlikely To Start On March 11?

It's been a week since the resignation of Pope Emeritus Benedict XVI, citing declining health, took effect on Feb. 28. And it seems the cardinal electors now huddled in Vatican could take another week to choose and elect the new 266th pope, dousing earlier expectations of a March 11 start of a papal conclave.

How Tough Can the Gorilla Glass Be? (Video)

The Gorilla Glass is famous and common to most premium smartphones today, used by branded devices such as HTC, Motorola, Samsung, and Sony. The glass is also used to protect laptops, tablets, computers, and windows. But how much punishment can it take before getting destroyed?

Papal Conclave 2013: Roman Vendors Pray for Good Business

Roman vendors selling their different wares in and around Vatican City are praying for divine intervention not only for a new pope but for their respective businesses to likewise pick up in the days leading to the start and conclusion of this year's papal conclave.

Samsung Loses Again in UK Court Battle vs Apple

It was the second consecutive loss for South Korean tech giant Samsung in its epic legal battles with American tech giant Apple across different continents. On Thursday, Apple won again when London Judge Christopher Floyd invalidated Samsung’s patents.

Your Editor On Twitter

By Rudi Filapek-Vandyck, Editor FNArenaI joined Twitter. Not because I am curious what this celebrity has to say about her kids, or to read that another one is waiting for a connecting flight, impatiently.

Global Markets Overview –3-8-13

Risk sentiment remained resilient through European and US trade in an active night on the macroeconomic front. Equities extended their gains yet again and with investors continuing to believe in the ability of central banks to support markets. There was also another set of encouraging US economic data with unemployment claims coming in well ahead of expectations (340,000 versus 354,000 anticipated). The more interesting moves were in the forex space as market participants reacted to different po...

Australian Stock Market Report – Morning 3-8-13

New claims for unemployment insurance in the US (jobless claims) fell by 7,000 to 340,000 in the latest week. Planned job cuts by US companies lifted to 55,356 workers in February, up 7pct on a year ago according to the Challenger survey. The trade deficit widened from $38.14 billion to $44.45bn in January, above forecasts centred on a result near $42.6bn.

Fortescue Metals Insists Mining Tax is Unconstitutional

Fortescue Metals's lawyer told the Australian High Court on Wednesday that the minerals resources rent tax is unconstitutional. He cited the tax causing disadvantage to different resource projects in different states as his main argument.

Australian Stock Market Report – Afternoon 3-7-13

Thursday was a day of consolidation for regional indices. Whilst political issues remain fluid in Europe the focus is tending towards the other side of the Atlantic. Better economic news is empowering investors who continue to push the Dow Jones Industrial Average further into record territory. The gains on Wall St failed to translate to local trade today although a case could be made for investors holding their fire until the release of key economic figures in the US at the end of the week. Not...

New Pope 2013: Vatican Tells Cardinals to Zip Mouths

True to its tradition, it actually is just a matter of time before the Vatican steps in to tell the College of Cardinals to zip their mouths in sharing bits and pieces of information from the pre-conclave talks on account of their oath to secrecy.

Why Central Bankers Really Don’t Want Deflation

The fundamental error behind central planning is being repeated in China. Wen Jiabao leaves office telling his colleagues that, 'Unbalanced, uncoordinated and unsustainable development remains a prominent problem.' China's planners are past caring, though. And as our colleague Greg Canavan has said all along, China's real estate bubble could be the biggest and most damaging yet.

China’s Housing Trouble Heats Up

They stretch across the outskirts of dozens of major urban areas, criss-crossed by empty highways. The rows of modern skyscraper apartments are all sold to absent investors. There's little doubt these scenes create compelling television.

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