BUSINESS

Australian Stock Market Report – Afternoon 12/14/2012

John Boehner, the Republican Speaker of the US house of Representatives, addressed the media in Washington in US time last night. Not for the first time he said President Obama was not committed to making serious spending cuts and as a consequence the US economy will go over the fiscal cliff. With 18 days left in which to strike a deal, the language still being used in public exchanges between the two parties is less than inspiring. Global markets have recognised the latest salvo as being more o...

Australia Approves Mobile Roaming Rules, Costs

The Australian Communications and Media Authority (ACMA) has released a set of draft rules directing the country's various telcos to inform consumers of exact mobile costs and charges while roaming overseas.

Australian Stock Market Report – Midday 12/14/2012

The Australian sharemarket continues its strong run, with the All Ordinaries Index (XAO) improving for much of the morning for the sixth consecutive session. The XAO is currently only up by a very modest 1.6 pts.
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Lenovo IdeaTab Gets Android 4.1.1 JellyBean

After another day and another round of JellyBean update to several mobile devices, Lenovo IdeaTab is finally getting an update. The device originally runs Ice Cream Sandwich and now users can obtain the latest Android version 4.1.1 JellyBean for Lenovo IdeaTab A2109.

Rumour: A 6.3-Inch Galaxy Note 3

Techies who follow the Galaxy S and Galaxy Note flagship from Samsung are also monitoring the future of these two devices, namely the Galaxy S4 and Galaxy Note 3. Recent rumours include leaks of the upcoming Galaxy Note 3 which entails 6.3 inches of screen display, which would make it almost like any 7-inch tablet in the market.

2012’s Top 8 Smartphones with Best Overall Performance

Following global IT trends, smartphones that run on Google's Android OS has toppled Apple's iOS for the first time in Australia. Citing data from analyst firm Telsyte, The Sydney Morning Herald reported that 44 per cent of over 10 million smartphone users in Australia now use handheld units running on Android versus 43 per cent of iOS.

The Price of Risk in the Stock Market

The disparity between the markets and reality on the ground continues to widen. The November NAB survey showed business confidence plummeted to minus 9 from minus 1 in October.

Nokia, HTC Start Rollouts of Lumia 920, Butterfly in China

It is a very, merry Christmas indeed in China this December and Nokia and HTC have decided to crash the party. The two phone makers are releasing their latest handsets to the Chinese market, touted by experts to outpace the United States soon as the most lucrative place to sell gadgets.

The Australian Dollar Flys Higher While Investors Look to Get High

The things you hear in St Kilda. We caught that snippet between two long-lost friends on the way into the office this morning. Both looked haggard but determined. There didn't appear to be many secrets between them. Friends don't have to lie about their flaws to one another.

Israel Abattoir Abuse of Aussie Cattle Sparks Fresh Call for Live Export Ban

Calls for a ban on the live cattle export of Australian animals raised for meat were made again following the showing of a video that proved brutal and inhumane way that Aussie cattle were culled. The video, secretly made by a journalist, showed the slaughterhouse workers used electric prods on the cows' eyes, genitals and anus.

The Overnight Report: Plenty More With QE4!

By Greg PeelThe Dow closed down 3 points, while the S&P was flat at 1428 and the Nasdaq fell 0.3%.The US economy is continuing to grow at a "moderate" pace, the Fed monetary policy statement declared last night, weather disruptions not withstanding.

Australian Stock Market Report – Afternoon 12/12/2012

'Gains by stealth' is one way of describing the local markets performance in recent days. Modest moves higher on successive days underpinned by similar volumes. The Australian share market traded at its highest level in close to 17 months amidst news flow that could be seen as positive if only for the fact that it didn't upset the applecart. An improved read on Germany's influential survey of business conditions was better than expected. In its commentary the author of the report, Th...

MultiROM Adds Multi-Boot Capability to Nexus 7

Fancy for a dual-boot or even multi-boot Nexus 7? Folks at XDA Developers claim it is now possible for the Google tablet to carry two or more mobile OS, thanks to the newly-created MultiROM.

No Samsung Galaxy S4 Showcase at the CES 2013 in January

Samsung’s upcoming flagship smartphone, the Galaxy S4, will miss out the CES 2013 is Las Vegas next month despite recent hints from the South Korean tech giant that it is working on ‘Something New’ that will be unveiled in the early months of Q1 2013, reports said.

Recessions the World Over

This is one of those rare days when there are so many interesting stories in the financial world that we can hardly decide which one to write about.

Don’t Bet on Saudi America

The US is the place to be. That's what everybody says. America has all the advantages: the strong US economy, a younger population, cheaper energy, and a central bank more ready to print money as necessary.

Opel to Shut Down Bochum Car Plant in 2016

On the 10th of December, General Motors Co.'s Adam Opel AG informed that the car plant in Bochum, Germany would be closed. The decision to cease auto production in one of four car plants located in Germany was caused mainly by the decline in the European auto market. Adam Opel AG unit made a decision as it tries to restructure its unprofitable operations in the region.

HSBC to Pay $1.92b Settlement Over U.S. Money-laundering Claims

On the 11th of December, HSBC Holdings PLC informed that it decided to pay approximately 1.9 billion in settlement with U.S. regulatory authorities to end a long and embarrassing American criminal probe into money laundering allegations against the Europe's biggest bank. The amicable settlement, which is to be paid by HSBC Holdings PLC , will be the largest fine paid by a bank in the history.

Early Reviews for RIM’s BlackBerry 10

The new Blackberry 10 which is scheduled to be released in Q1 of 2013 will include features of a platform-wide flow interface, new intelligent keyboard and camera application.

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