BUSINESS

Gina Rinehart Still Australia’s Richest Person with $17B Wealth

Hancock Prospecting owner Gina Rinehart must be on a roll this week after scoring two back-to-back victories. After losing her shares in the Rhodes project last week to Wright Prospecting, she accepted the flag of surrender from recalcitrant daughter Hope Welker over the weekend and retained the richest person in Australia title.
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Uranium's Fretful February

By Andrew NelsonFebruary might not have been a busy month as far as uranium volumes go, but it sure was an eventful month.

Australian Jobs Outlook Gloomy

- Dun & Bradstreet report negative jobs growth- High operating costs keeping Oz Business at bay- Capital spending lowest level since September 2011- Cash flow seen as a major issue By Andrew NelsonAustralian businesses are increasingly putting off investments as the cost of doing business continues ...

Why You Should Be Looking at Chinese House Prices

China's official purchasing manager's index expanded in February. It read 50.1, according to the China Federation of Logistics and Planning, and anything over 50 indicates an expansion. It's also a fact that the February reading was lower than the January reading. Cue the nerves about the strength of China's expansion.

Is this a Secret Signal for When to Buy Gold and Sell Stocks?

The Dow Jones Industrials are again trading at over 14000. The S&P 500 is prepared to make an attack run on 1600. Weary cash, tired of sitting on the sidelines waiting for something of value to come along, is off the bench and into the game. And the game itself is at an interesting turning point.

Global Markets Overview –3/5/2013

No major data was released in the US overnight, with most investors were watching Vice Chairman Yellen's speech to the National Association for Business Economics (NABE). She reiterated Chairman Bernanke's view that a hasty end to easing could backfire. This added additional weight to the earlier comments and alleviated 'liquidly dependant' fears sparked on February 21. Professor Yellen's speech helped all three major US indices finish in the green as they did on Friday after Bern...

UK Urged to Develop Plan B in Case of New Nuclear Project Delays

It seems that the UK government is in need of working out an alternative energy "plan B" provided that new nuclear power plants are not constructed by 2013, according to the Energy and Climate Change Committee. It was underlined in a statement that a failure to build them in 10 years would make it undeniably hard to meet goals, including reduction of carbon emissions.

Australian Stock Market Report – Morning 3/5/2013

China´s Shanghai Composite share index slumped by 3.7pct on Monday in response to Friday´s decision by state authorities to tighten restrictions on housing finance. China´s CSI300 index lost 4.6pct, the biggest drop since November 2010. Hong Kong´s Hang Seng index fell by 1.5pct.

IAG Records Alarming Loss

On the 28th of February, International Airlines Group informed that it reported a net loss worth €943 million after battling through restructuring charges from its Spanish division Iberia. In addition, the company is planning to downsize its workforce by 3,800 people at its Iberia division in order to reduce costs.

Why China’s Economy is Flashing Red

There's a bit of friendly biffo going on in the office over China's economy. We think the country has deep structural problems, is horribly unbalanced and is about to suffer an almighty credit-induced hangover. For Australia, the fallout won't be pretty.

When the Bernanke Bluff is Called

The stock market fell 27% in a single day. Bank of America suspended ATM payouts and JP Morgan applied for bankruptcy protection. Citigroup defaulted on its bonds and Deutsche Bank shares weren't allowed to trade on Europe's stock markets after its shares fell 86% on America's stock market.

Experts Pick Surface Pro as Best Windows 8 Tablet

In response to reader's request asking for advice on what is the best high-end Windows 8 tablets in the market, tech experts from CNET pointed to the Surface Pro as the top tablet device they would recommend.

Bernanke-Savant Syndrome

Stocks are on the rise. Gold is on the rise. Bitcoin is on the rise. Everything is up...up...and, away!

Windows 9 is Coming in 2014

In October 2012, Windows 8 made a grand entrance during its release, and gadgets running the operating system popped up everywhere from notebook computer, tablets, and packed All-in-One computing devices. But there is a successor already under development in the labs of Microsoft - the Windows 9

HTC One Release Date March 15, 'Best Mobile Device' at MWC [VIDEO]

HTC One release date will fall on March 15, according to reports anticipating the arrival of the latest HTC flagship smartphone. 'One' is expected to go on sale at AT&T, Sprint and T-Mobile customers in the U.S. by mid-March. Reports suggest a one-calendar-date international release in several other countries.

Australian Stock Market Report – Midday 3/4/2013

Aussie market hit by weak metals and dividend payments. US markets were hit by lacklustre trading as investors waited to see what would happen to the planned spending cuts in the US. By the close Wall Street closed slightly higher boosted by better than expected economic data and end of week buying. European Market hit by falls in key banking stocks and the news Eurozone unemployment had hit 11.9% in January.

Chris Lynch named new CFO at Rio Tinto

On the 28th of February, Rio Tinto Plc informed that Chris Lynch, a former BHP Billiton Ltd. executive, was named its new chief financial officer. Chris Lynch will replace the much-respected and committed employee Guy Elliot who informed about his intention to step down back in July 2012.

There are Two Things in New York, Business and Success

Even though many years have passed since Frank Sinatra's song New York, New York had its debut, its verses are still actual. Certainly, New York can be described with many words but homogenous. The city, which seems to be magical as it lures businessmen, tourists and those who want to just simply live there, is full of opportunities also for business.

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