On the 17th of January, Rio Tinto Plc, the world's second largest mining company, informed that its chief executive officer Tom Albanese would resign because of a $14 billion write-down on the value of assets which he supervised. The impairment charge is mainly associated with the $38 billion takeover of Alcan Inc. and the $4 billion coal purchase in Mozambique.
Jamelle Agbuis
Jan 18, 2013
China's foreign direct investment decreased roughly 3.7 percent in 2012 from 2011. It is a first fall in China's annual FDI since 2009, according to the official figures. China saw its 2012 FDI drop as investors either had not been so keen on investing in emerging markets due to current economic conditions or had been choosing to transfer their businesses to markets with cheaper workforce.
Jamelle Agbuis
Jan 18, 2013
Manchester United Plc inked two sponsorship deals with China's businesses, namely, China Construction Bank Corp. and Wahaha Group Co. As it has been underlined, both sponsorship deals are "territory specific" as 19-time English soccer champion Manchester United wants to benefit from its status in Asia.
Jamelle Agbuis
Jan 18, 2013
TUI Travel informed that it started merger negotiations with its German parent TUI AG. The merger is aimed at cutting costs and focusing mainly on tourism.
Jamelle Agbuis
Jan 18, 2013
After three years of house price falls, Dubai's housing market is now recovering fast, while its neighboring Abu Dhabi, UAE's capital, is still struggling.
Christine Gaylican
Jan 18, 2013
South Korea’s LG appears all prepped for a major 2013 push as rumours intensified that the Nexus 4 manufacturers is gearing up for a salvo of Nexus gadget releases, which could include a 5-inch serving of the Google smartphone plus a Nexus 7.7 tablet.
Erik Pineda
Jan 18, 2013
Facebook dashed this week rumours that it will roll out a smartphone which will possibly challenge the iPhone. Instead, the most popular social networking site rolled out the graph search. Despite the denial of a Facebook smartphone, speculations would likely go on and these features are what many FB fans would want to see in such a device.
Vittorio Hernandez
Jan 18, 2013
By Peter Switzer, Switzer Super Report17 January, 2013I received a great question from a subscriber, Bill, who, as an old Chartered Accountant, can't ignore the indebtedness of the US government.
Admin System
Jan 18, 2013
By Kathleen Brooks, Research Director UK EMEA, FOREX.comDon't forget that you can now follow Forex.
Admin System
Jan 18, 2013
It's usual for Apple devices such as smartphone and tablets to be cloned by Android-based ones, but this new China-made tablet was probably inspired by Asus and Google-made Nexus 7.
Vittorio Hernandez
Jan 18, 2013
Sprint Galaxy Nexus just received an Android 4.2 Jellybean update available live from Google servers.
Vittorio Hernandez
Jan 18, 2013
Trading on Rio Tinto's (ASX: RIO) stock opened on Friday at $64.50, a 1.45 per cent drop from Thursday's closing price of $65.55, indicating the minimal impact of the Thursday night announcement of Tom Albanese's departure as chief executive of the mining company.
Vittorio Hernandez
Jan 18, 2013
Samsung’s Galaxy Nexus is getting the Android JellyBean 4.2 update but the patch needs to be downloaded manually and at the moment intended only for Sprint subscribers.
Erik Pineda
Jan 18, 2013
CEOs - they are powerful, rich, intelligent, loved, envied, feared, and sometimes fired.
Vittorio Hernandez
Jan 18, 2013
From chief executive officer to jobless - that's what these nine CEOs recently experienced in the past few months which created headlines and shocked the corporate world.
Vittorio Hernandez
Jan 18, 2013
By Rudi Filapek-VandyckHere are the facts: Chinese economic data as released on Friday afternoon surprised to the upside, albeit mildly.
Admin System
Jan 18, 2013
Australia's mining industry was rocked on Thursday night, not by volatile iron ore prices or another tax on resources, but by the sudden firing of Tom Albanese as chief executive of Rio Tinto (ASX: RIO).
Vittorio Hernandez
Jan 18, 2013
The much touted Qantas and Emirates alliance will now finally lift off after the Australian Competition and Consumer Commission (ACCC) on Thursday gave the two airline companies the awaited interim approval for its partnership.
Esther Tanquintic-Misa
Jan 17, 2013
Despite a slight tick-up in Australia's unemployment rate, the local share market rallied today edging 20 month highs. By close, the All Ordinaries Index (XAO) was up 14.7pts or 0.3pct to 4779.7.
Vittorio Hernandez
Jan 17, 2013
Tasmania is on the road to recovery. After experiencing its catastrophic bushfire incident early this year, Tasmania struggles to recover, with the first shipment of its cherry export already bound for China.
Esther Tanquintic-Misa
Jan 17, 2013
Apple is heavily inclined for a third quarter refresh of the iPhone 5 by Q3 2013, by that time to be known as iPhone 5S, centred on A7 chips and retaining the 4-inch screen size, a new report said.
Erik Pineda
Jan 17, 2013
With Australia Day just a week and a few days away from now, some of you might be considering packing up your bags to spend the long weekend with your family, friends and loved ones. In so doing, you may want to consider some local hotels which TripAdvisor named as the best in all over Australia.
Jan 17, 2013
An IT company investigation over apparent hack attempts from China uncovered a thriving and secret outsourcing operation by the firm's top software developer. The probe found that the employee, identified as Bob, spent the whole day watching cat videos while paying Chinese developers one-fifth of his salary or about $850 a month.
Vittorio Hernandez
Jan 17, 2013
The upcoming HTC M7 closely resembles Apple’s iPhone 5, based on the Android smartphone’s leaked image render published on Wednesday by Unwired View.
Erik Pineda
Jan 17, 2013
Despite the release of some disappointing employment numbers this morning, the Australian sharemarket is improving for the third time this week, with the All Ordinaries Index (XAO) up by 0.7 per cent or 34.1 pts to 4799.1. Most sectors are trading higher, with the exception of the telcos which are slipping modestly.
Vittorio Hernandez
Jan 17, 2013
Nexus 7 was recently picked up for U.S. distribution by AT&T and T-Mobile, allowing American buyers of the unlocked Google-Asus tablet to connect via the two telcos’ HSPA+ network.
Erik Pineda
Jan 17, 2013
Push-to-talk (PTT) service is similar to a walkie-talkie with radio devices and usually has a limited range. In mobile devices, PTT can have unlimited range using an Internet connection and individuals conversing can be from both ends of the world. GroupVox developed their PTT service app which allows Facebook users to send text messages to one another and voice messages similar to a walkie-talkie.
Vittorio Hernandez
Jan 17, 2013
by Carl Delfeld, Investment U Senior AnalystThursday, January 10, 2013: Issue #1945No question, gold has had a nice run.
Admin System
Jan 17, 2013
Tablet devices may take over the existence of laptop computers in the future due to its great potential on delivering mobility, functionality, and battery life. Unlike laptops and netbooks, tablet devices are light and usually thin with capabilities to make office documents and presentations, multimedia functions, and have loads of applications.
Vittorio Hernandez
Jan 17, 2013
Samsung and AT&T finally released over-the-air (OTA) the JellyBean 4.1.1 update for the Galaxy S3, which delivers exciting new features to the hugely popular smartphone courtesy of the smooth platform collaboration between Android and TouchWiz.
Erik Pineda
Jan 17, 2013