National Australia Bank's (NAB) weak UK business caused the company's yearly profit to go down 22 per cent by $1.1 billion to $4.1 billion in the year to Sept 30, NAB reported on Wednesday.
The Australia Post announced on Tuesday the launch of its digital mailbox, which would serve as a digital storage vault for Australians and would connect consumers with banks, utility companies and government agencies.
By Greg PeelThe good news is that despite reports to the contrary, the NYSE was not under four feet of water yesterday, and all stock and bond markets will reopen for normal service, including floor trading, tonight.
The Australian sharemarket improved for the second consecutive session, with the All Ordinaries Index (XAO) edging higher by an unimpressive 0.1 per cent or 6.3 pts to 4505.7. Almost all sectors gained at least some ground, with the exception of energy stocks and the industrials.
New smartphone and similar devices had been released recently by familiar names in the technology business such as Samsung, Apple, ASUS and Microsoft, bearing different flagships from three operating systems - Android, iOS and Windows. But they are not the only ones competing in the tech war, Sony, LG, and Motorola have their own devices with Android OS to join the fray for enthusiasts and users, the Xperia SL, Optimus G and RAZR I, respectively.
Heading into the last quarter of 2012, the smartphone industry remains largely a duopoly by Apple and Samsung, with the two giants gobbling 108 per cent shares of profits as of September 2012.
Australians are now looking for more jobs, and are getting hired, in health care and social services sector more than any sector in the country.
Investors must have been wondering how long the good weather would last...how long it could last. Stocks have been on the up and up since March of 2008, the nadir of the crisis. They've doubled from then 'till now.
According to the Australian government, Australia's economic future lies overseas. An economic boom in Asia is going to define Australian prosperity. Government publications, slide shows and statistics all show how important foreign growth is.
And it doesn't make any difference who wins the White House... either. What the economy needs is real stimulus, not the phoney stimulus offered by Obama and Romney. Not the measly spending cuts. Not the timid tax increases.
Stocks managed small gains on Wall Street another lackluster Wall Street trading session on the 25th of October, with doubts surrounding weak business ventures keeping most investors cautious.
How is Windows 8 faring so far? If Microsoft chief executive Steve Ballmer is to be believed, products running the cross-platform operating system are getting their shares of ‘wow’ compliments from admirers.
Google unwrapped on Monday three fresh devices that were meant to make shopping a tad more exciting for the holidays and they came emblazoned with the now popular Nexus brand, which means Google engineering prowess has been poured bit time for these gadgets.
Russian President Vladimir Putin has ordered Gazprom, the country's pipeline gas export monopoly, to build a 3,200km pipeline from East Siberia to the Pacific port of Vladivostok, reported Reuters on Monday, in an attempt to reduce the nation's reliance on exports to Europe and develop closer ties with Asian customers.
Local stocks are trading modestly higher at lunchtime in the East, despite falls on the Canadian and European markets overnight. All US markets were closed due to Hurricane Sandy, which is currently bearing down on New York City. It's expected US markets will also close tonight (Tuesday) - which will be the first time bad weather has forced the closure of the NYSE for two consecutive sessions since 1888. The last time a Hurricane closed the NYSE for one day was in 1985. Nearing lunchtime in t...
In what could be an unprecedented strategy to propel its business, Virgin Australia divested a 10 per cent stake to Singapore Airlines Ltd., effectively collecting enough funds that will enable it to get a 60 per cent hold of Tiger Airways Australia and full control of Perth-based regional carrier Skywest Airlines Ltd.
The Australian Securities and Investment Commission (ASIC) ordered on Monday a five-year ban on trading on Apple Investment Company and a three-year ban on providing financial advice on Alec Khoo & Associates.
By Greg PeelThe NYSE, Nasdaq and other smaller US exchanges were closed last night for all forms of trading by agreement of those exchanges.
A few years ago, Nokia was the top mobile phone with users comparing one Nokia model with another handset from the same Finnish company. Nokia attempts to recapture its glory, lost to Apple and Samsung mainly, by launching its Lumia series.
While Australia's Parliament is studying the imposition of a travel levy on residents who fly overseas, foreign students in New South Wales (NSW) would enjoy up to 35 per cent discount on public transportation.
Australia's organic market is growing, a report from the Biological Farmers of Australia said. The 2012 Australian Organic Market estimated the industry's value at $300 million a year.
Australia's housing market is improving based on the results of Super Saturday the country's biggest auction day of the year. Held between the football grand finals and the Melbourne Cup, the auction on Oct 27 resulted in sale of more than 2,400 properties in a single day.
See the latest images from the heart of Hurricane Sandy and the damage it has been giving the East Coast so far.
A new survey has found that more than half of Australians these days have become overweight or obese.
Microsoft’s Windows 8 has so far generated mixed reviews though tech experts were somewhat in agreement that the cross-platform OS was not as intuitive as that of Apple’s iOS and Google’s Android.
The Australian share market started the week's trade in the black, although earlier gains were pared back following news all US markets will be closed tonight as Hurricane Sandy bears down on New York.
Nokia is waging war and making a beachhead first is foremost to the Finnish firm's near-term goal of at least surviving in the smartphone territory, which at the moment is presently dominated by Apple and Android handsets.
There are several changes and improvements from Windows 7 to Windows 8 on computers, tablets and smartphones. Windows 8 has allowed these three classifications of devices to sync with each other and even allows one another to use features that are normally exclusive to just one type.
LG recently released a new addition to its Optimus line of smartphones, offering a high speed, latest technology and durable device.
The Australian sharemarket is kicking off the week in positive fashion, with the All Ordinaries Index (XAO) edging higher by 0.4 per cent or 16 pts to 4512.3 at lunch. Most sectors are improving, with the exception of the defensive healthcare and telco sectors.
