BUSINESS

Weak Investment Business Hits Credit Suisse’s Q4 Profits

Swiss bank Credit Suisse informed that it would further cut costs as it saw its fourth quarter profits be lower than initially expected. As it was highlighted, the fourth quarter profits slumped as the investing business of the bank proved to be frail.

Japan’s Spring Offensive Against the Yen

All this week we've been on a mission for you, dear reader. We've been looking for the one sector or industry that's going to drive the Australian share market higher with breakthrough earnings and profits. But maybe we've been looking in the wrong place. Maybe it's a simple as Japan.
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Galaxy S3 Mini I8190 Official Jellybean 4.1.2 from Samsung

The Samsung Galaxy S3 Mini has easily gained its Jellybean 4.1.2 update, unlike with other devices that were released before it. It is now added to those smartphones list which has received a new update with new features added. Samsung is keeping its word that updates are running on all their devices.

Australian Stock Market Report – Afternoon 2/7/2013

The local share market consolidated against a mixed picture for International and regional indices on Thursday. Local employment data generated conversation about the RBA's next move on rates whilst corporate news was on tap from a host of corporates including National Australia Bank and Telstra.

US-China Relations: War in 2013?

War between the US and China - an unpleasant thought, for sure...unless you happen to be a defense contractor. The threat of war could be sufficient to power the US defense industry's profit growth for many years.

ArcelorMittal Posts Loss for Q4 but Forecasts Improvement in 2013

On the 6th of February, ArcelorMittal SA informed that it reported a big loss for the final quarter due to weak Europe's demand for steel and write-downs in the value of its assets. However, the world's largest steelmaker informed that demand for steel would improve in 2013. Also the company's earnings are expected to improve during the year.

Australian Stock Market Report – Midday 2/7/2013

The Australian sharemarket kicked the session off in the red for the third time this week, however is managing to recover at lunch. The All Ordinaries Index (XAO) is up by 0.1 per cent or 3.9 pts to 4944.4. A number of the largest companies on the local market have issued their profit numbers this morning.

British Petroleum Reports Declining Profits

British Petroleum Plc posted a 72 percent slump in the fourth fiscal quarter profits as the company had to pay a heavy fine and restructuring charges regarding the Deepwater Horizon oil spill. Also a fall in the production of oil and gas led to weak fourth quarter profits.

Get Out of the Stock Market – and Into This

Never was working-class Baltimore happier with its lot in life. Neighbors greeted each other with a smile. Co-workers exchanged stories...laughed...and slapped each other on the backs.

How Australia-China Relations Are Caught in the Monetary Battle Space

In today's Daily Reckoning we revisit an old friend: China. That is, we revisit the importance of China to Australia's economic, political, and demographic future. And we'll take a look at China's large influence on Australia's present. And since we're talking Pacific Powers in the Asian Century, Japan will make a cameo appearance.

Android Authority Gives Away Google Nexus 4 to Loyal Fans

Android Authority celebrates having 100,000 YouTube subscribers by giving away Google Nexus 4 to its loyal fans. The procedure to get a giveaway is relative easy. It only requires a name and email address in a widget located at the bottom of the promo page.

ASUS VivoTab vs Lenovo IdeaPad Yoga 11

The tech world is beginning to shift from desktop computer units to notebooks which can be used as a computer and a tablet featuring Windows 8 and touchscreen capabilities.

Gold Set For A Break-Out?

By Jonathan BarrattGold looks to be in tight range; it feels as if it is been torn between those looking for the inflation hedge and continuing CB activity against those expecting it to come under pressure as a result of "risk" coming off the table.

The Overnight Report: Kamikaze Yen

By Greg PeelThe Dow closed up 7 points, while the S&P was flat at 1512 and the Nasdaq lost 0.1%.It was interesting to note the market reaction on Bridge Street to yesterday's weak December retail sales number (down 0.

Australian Stock Market Report – Afternoon 2/6/2013

The Australian share market rallied today, fighting back after two days of losses and in response to a stellar session on US and European markets. The Dow Jones Index climbed back above 14,000pts overnight while all 10 S&P sectors were higher.

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