Despite yesterday's blowout $6 billion or so profit from ANZ, it turns out all is not entirely well in Australia's financial services industry. For the last five years, the pattern in the markets has been the same. A crisis starts at the margin, with a peripheral player, and then moves its way up the food chain.
Chip technology firm ARM spilled out on Tuesday its new line of processors that were aimed to capture more tech market segments apart from its present dominance in the mobile device sector.
Food Production: Feed the World and Make Money From Agriculture
Today, Fairfax announced that The Stayz Group has acquired YesBookit, the leading holiday rental booking system for property managers. Developed by Midac Technologies, YesBookit integrates with Stayz, Rentahome, HomeAway and Wotif to simplify the holiday booking process for Australian and New Zealand property managers.
The Star Wars saga continues, thanks largely to Disney and if future plans roll out just fine global viewers will be regaled by Episode 7 on 2015, capping the multi-billion dollar deal that would extend the Star Wars franchise for new generations to see.
The earth shook in the Apple board room this week and the disruption claimed two senior executives deemed by the Board of Directors to leave the company.
The Australian sharemarket is improving for the third straight session, with the All Ordinaries Index (XAO) up 0.8 per cent or 34.3 pts to 4540. All sectors are rising with the mining, healthcare and telecommunication industries the standouts. This is despite the closure of U.S markets last night for the second consecutive day due to bad weather. This was the first time in 124 years the American markets closed due to bad weather for two sessions in a row.
By David Eller, Investment U ResearchCan you get an edge over the analysts on Wall Street?Peter Lynch thinks so.
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.
