BUSINESS

Australian Stock Market Report – Afternoon 11/7/2012

The Australian share market closed higher today, receiving a spike in the last hour of trade as news networks called the 2012 US Presidential Election a Democratic victory. Barack Obama himself tweeted "Four more years", with the projected decision sending the market up 0.7pct.

BHP Billiton Confirms CEO Search; Undecided Fate of Marius Kloppers

Giant miner BHP Billiton, currently the largest mining operator in the world, has refused to categorically confirm reports that the company’s CEO, Marius Kloppers, is on his way out after more than five years of stay that was mostly characterised by incredible growth and expansion.

Qatar Airways Holds 3-Day Global Sale

Doha-based airline carrier Qatar Airways has launched a massive three-day global sale of attractive fares to more than 100 global destinations, including Australia.
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New Gadgets for Inclusion in Christmas Shopping List?

The yearend holiday is fast approaching and this early, some people are drawing up their Christmas shopping list. People, after all celebrate Christmas not only with food, decorations, events, and travel, but also with gifts. Today's techie generation inevitable includes high tech gadgets and devices as much appreciated Christmas gifts.

Australian Stock Market Report – Afternoon 11/6/2012

The Australian sharemarket rose for the third straight session and for the sixth time in seven days. The All Ordinaries Index (XAO) edged higher by just 0.2 per cent or 10.1 pts to 4503.7. Despite the improvement, investors weren't overly interested in equities with the Melbourne Cup demanding much of the attention. There were only $2.7 billion worth of shares traded today; around 25 per cent less than yesterday.

A Lesson in Hurricane Economics

Were you watching the markets yesterday, Fellow Reckoner? Well, you might have saved yourself the time. Stocks were flat. Oil and gold both rose, but each by less than half a percent. A virtually uninterrupted snoozefest, in other words.

When ‘Nanny State’ Deficits Becomes Unviable

In order to exercise control over the population, governments throughout history have made people dependent on government largess. A government can make an increasing number of people dependent on its generosity by providing more and more benefits to a larger and larger share of the population.

Australian Stock Market Report – Midday 11/6/2012

Local investors are hedging their bets today, ahead of arguably one of the busiest days of the year. At 3.15pm AEDT the "race that stops the nation" will see millions of Australians leave their desks to watch the Melbourne Cup, while tonight in the US, the hotly contested 2012 Presidential Election gets underway. Also of significance to market watchers, is this afternoon's interest rate decision at 2.30pm AEDT. Money markets are now factoring in just a 47pct chance that rates will be cu...

Uranium's Worst Month Since Fukushima

By Greg PeelDespite a widely held belief of commodities analysts that the global demand-supply balance for uranium into the medium term points to higher prices, spot uranium has continued to slide away on lack of genuine buying interest, dragging medium and longer term price indicators down with it.

After The Votes Are Counted

By Andrew Nelson in FloridaThe US presidential election is only a day away and in two days we'll probably know who the winner is.

Africa Aims to Be A Major Mobile Gaming Centre

Africans are making a bid to be a major hub of mobile gaming. With more than 700 million mobile broadband subscribers in the entire continent, a growing number of young entrepreneurs are going digital and creating innovative and interactive content in their own home market.

Video Footage Confirms Brutal Slay of Aussie Sheep in Pakistan

Although Karachi authorities assured the Pakistani importer of 21,000 Australian sheep that the animals suspected to be sick would be culled following international standard in exchange for withdrawing a court challenge, evidence indicates otherwise.

Experts Believe RBA Will Retain 3.25% Cash Rate

Experts believe that the Reserve Bank of Australia (RBA) will retain the current 3.25 per cent overnight cash rate when the central bank's monetary committee meets on Melbourne Cup Day on Tuesday, Nov 6.

RBA Sees Signs Of Stability

By Greg Peel"At today's meeting, with prices data slightly higher than expected and recent information on the world economy slightly more positive, the Board judged that the stance of monetary policy was appropriate for the time being.

Australian Stock Market Report – Afternoon 11/5/2012

Local stocks received a boost in the afternoon session, after a volatile day which saw the main index see-saw between positive and negative territory. By close, the All Ordinaries Index (XAO) was firmer by 10.3pts or 0.2pct to 4493.6.

Australian Stock Market Report – Midday 11/5/2012

The Australian sharemarket is off to a negative start, with the All Ordinaries Index (XAO) down 0.2 per cent or 10.6 pts to 4472.7. Almost all sectors are in the red; however the defensive telcos are up modestly. Telstra (TLS), the sixth biggest company on the local market is up 0.12 per cent or 0.5 cent to $4.09.

Samsung Posts 30M+ Galaxy S3 Sales --IDC Research

More than 30 million hands are fiddling with the Samsung Galaxy S3 at the moment, the South Korean tech giant reported over the weekend, supporting latest data from research firm IDC that showed Samsung once again reigns supreme in the global smartphone arena.

Apple Pockets Significant Profits on iPad Mini

Another teardown of the new iPad Mini revealed that Apple’s Bill of Materials (BOM) for the compact tablet amounted only to $US188, affirming the tech giant’s intent to pocket as much profit as possible from the gadgets it rolls out.

Are Spain And Italy Kidding Themselves?

- Spanish economic forecasts ambitious- Bail-out looming- Italian economic forecasts unrealistic- Bail-out also on the cardsBy Greg PeelTonight and next week, in a two-step process, the Greek parliament will vote to ratify the Samaras government's new, tighter fiscal measures and the proposed 2...

New Domain Chinese Launches

Domain has launched Domain Chinese today, the first property magazine for the Sydney Chinese community that not only features listings, but also editorial content as well as statistics and tools for the property investor.

Brit Teen Launches News App for Apple Store

A news application is on sale at Top Nine in Apple Store. Nick D'Aloisio, a 17-year-old Londoner has launched this news application called Summly for iOS users. He has so far received more than $1 million in funding from investors.

A Deflationary Conclusion to China’s Bubble

The perception of China's economic problems have changed. But they're still stuck with the same problems they had a few months ago. That is, the need to rebalance a historically imbalanced economy.

The Australian Stock Market Gets Hit for Six

Yesterday, the Australian stock market fell nearly 60 points - or 1.3% - on heavy volume. It was the steepest one day fall in...we don't know, but its seems like a while. There was no real catalyst for the sharp decline.

New Digital Strategy Aims 12% of Aussies to Telework by 2020

The federal government of Australia will launch this November the National Digital Economy Strategy which aims to double the number of Australians who telework to 12 per cent by 2020. The roll out is part of the country's observance of Telework Week from Nov 12 to 16.

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