BUSINESS

AGL Powers On

-Solid interim result-Competitor beat in retail-Limited discounting a plus-Loy Yang A robust contributionBy Eva BrocklehurstBrokers gave AGL Energy ((AGK)) the thumbs up after the interim results.

Australian Stock Market Report – Afternoon 2/27/2013

At the close of local trade the ASX200 had gained 0.66 per cent to 5036, the All Ordinaries index had gained 0.62 per cent to 5033. Value remained strong, there were 2.1 bln transactions which gave rise to $4.5bln shares changing hands. 529 stocks ended the day higher, 454 ended in the red and 381 were unchanged.
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Australian Stock Market Report – Midday 2/27/2013

The Australian share market has rebounded from yesterday's drop triggered by concerns over Italy's political gridlock. Positive US economic data and assurances by the Fed chairman has given the local market a lift. By midday, the All Ordinaries index (XAO) is up 0.52pct or 25.9pts to 5047.7pts.

Pope Resigns 2013: Outgoing Benedict XVI Gets To Maintain Three Titles After Abdication and His Last Few Hours

During his term as spiritual leader of the Roman Catholic church, he was merely known as Pope Benedict XVI. But on Feb. 28 at 8:00 p.m., once his resignation and abdication becomes official, the former Cardinal Joseph Ratzinger will get to maintain and be conferred three titles by the Vatican: His Holiness Benedict XVI, Pope Emeritus or Roman Pontiff Emeritus.

iPhone Tops Reliability Survey, Better than Android Phones

Android phone manufacturers Samsung, HTC, Motorola, and Windows Mobile lead runner Nokia still are no match to Apple's iPhone when it comes to reliability, a survey says. A report from FixYa showed the loyalty of many smartphone users that made the iPhone beat other top-of-the-line units such as Samsung Galaxy S3 and Nokia Lumia 920 when it comes to function and ecosystem.

Australian Stock Market Report – Afternoon 2/26/2013

For weeks now a common market discussion has turned around the rise of the markets and the speed with which the ASX200 ascended to the 6000 mark. Over the course of this time there have been few outcomes to interfere with the rosier perspective adopted by the market. The last week has seen this paradigm revert to themes that were common place at the end of last year. European political risk and the state of US finances have returned to cast a pall over market sentiment.

Australian Stock Market Report – Midday 2/26/2013

The Australian sharemarket is lower today following an uncertain Italian election result overnight. The All Ordinaries index (XAO) is down 0.6 per cent or 31 pts to 5041.7.

Apple iMap: Aussie QA/Developers to be Hired to Fix Problems

Apple Maps is still confusing to use, and it has caused several incidents in 2012, not to mention misleading people to drive into the middle of the forest. The application's flaw led Apple to include Google Maps available for download as an alternative for users using iOS devices in other areas not yet covered by the app.

Asus Reveals New Tablet in MWC: Powerful Intel Atom Combining Windows, Android OS

The Taiwanese manufacturer ASUS and co-creator of the Nexus 4 announced on Monday an Android tablet with Intel Atom processor installed. The company unveiled the information at the Mobile World Congress in Barcelona with will lead to more power for the Android ecosystem using the Clover Trail feature of the processor.

China’s Great Old Credit Boom

Things are getting out of hand. Recent credit growth data from China's economy should be enough to excite the bears and the bulls alike. Total social financing, the metric of credit growth used to encapsulate both bank and non-bank lending in China, was a whopping US$400 billion in January alone. Or $4.8 trillion annualised!

RBA Opens Door to Another Interest Rate Cut to Offset Strong Dollar

With the Reserve Bank of Australia (RBA) set to meet again in the next few days to make another overnight cash rate decision, the central bank hinted on Tuesday that it may cut the current 3 per cent key lending rate to offset the impact of the strong Australian currency.

How The RBA Actually Sets Interest Rates

On February 26, 2013, the Assistant Governor of the Reserve Bank of Australia, Guy Debelle, addressed a breakfast gathering at the University of Adelaide Business School.

Iron Ore To Get Cyclone Rusty

- Tropical Cyclone Rusty expected to make landfall today- Port Hedland and Dampier ports already closed- Supply disruptions expected- Possible short term run in spot pricesBy Andrew NelsonIt's either the product of a good sense of humour, or a wonderful example of natural irony, but either way ...

UK to Enjoy Boom in North Sea Investment

The UK is expected to benefit from an increase in North Sea investment as oil and gas companies will spend at least £13 billion in 2013. What is interesting is the fact that 2013 North Sea spending is estimated to reach its highest level in 30 years.

China’s Manufacturing Slows Down in February, Flash PMI Shows

Initial data on China's manufacturing activity indicated a sharp decrease in February, raising concerns over the recovery of the Asian dragon. The deceleration was driven by weak global demand for China's exports and the timing of the week-long Lunar New Year holiday. A survey by HSBC and Markit Economics showed that China's manufacturing expanded at the slowest rate in four months.

Japan Offloads Uranium

By Andrew NelsonLast week The Japan Times reported that Japanese utilities were selling uranium inventory.

Australian Stock Market Report – Afternoon 2/25/2013

The Australian share market ended higher on Monday although it wasn't a flawless performance. Figures released mid-session revealed that activity in the Chinese manufacturing sector eased in the month of February. As a result the Aussie dollar and the share market retreated in response.

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