BUSINESS

Australian Businesses Remain Upbeat

- Regus and CBA business confidence reports released- Large businesses more confident than SMEs- Retail confidence surprisingly strongBy Andrew NelsonTwo business confidence surveys hit the street yesterday and what they show is that while times may be tough, Australian businesses remain optimistic.

The Overnight Report: Weaker US Earnings, Stronger Economy

By Greg PeelThe Dow closed up 5 points, while the S&P rose 0.4% to 1460 and the Nasdaq gained 0.1%.News came through after US markets had closed yesterday that after months of deliberation, ratings agency Moody's had decided not to downgrade Spanish debt one more notch to junk, thus leaving Moo...

Australian Stock Market Report – Afternoon 10/17/2012

Local stocks rose to fresh 14 month highs today, supported by strong moves offshore, a pick-up in Chinese steel production and positive moves from major blue-chip stocks. US and European markets rallied overnight with US investors encouraged by strong earnings reports, while European investor sentiment was bolstered by speculation Spain could be close to asking for a sovereign bailout. The All Ordinaries Index (XAO) finished the day's trade up 37pts or 0.8pct to 4550.9, after hitting an intra...
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Australian Stock Market Report – Midday 10/17/2012

Local stocks have rallied to fresh 14 month highs in early trade, on the back of positive moves on offshore markets. US markets rose overnight with investors encouraged by upbeat earnings results while European markets rallied on speculation Spain may be edging closer to asking for a sovereign bailout. At lunchtime in the East, the All Ordinaries Index is up 32.8pts or 0.7pct to 4546.7.

Material Matters: Coal, Base And Precious Metals

- Outlook for coal bleak- Brokers suggests stock preferences- Goldman Sachs updates commodity price forecasts- Base metal preferences discussedBy Eva BrocklehurstA high Australian dollar, a drop in prices, delays in government approvals, a lack of funding options - it's not a good look for coal...

IKEA Expands Stores in Australia to 11, Cuts Price by 50%

Global quality furniture retailer IKEA said on Tuesday that it will expand its store in Australia to 11 with the addition of two locations in Melbourne and Sydney. At the same time, the premier retailer announced deep discounts of up to 50 per cent covering 900 items to remain competitive.

5.4 Million Aussie Households Thumb Down Telemarketers

To indicate their dislike of telemarketers, 5.4 million Australian households have since signed up with the national Do Not Call Register. The list just breached the 5 million mark since the registry was started in 2007.

Australian Stock Market Report – Afternoon 10/16/2012

Local stocks gained ground today, on the back of positive moves on Wall Street overnight and a strong production report from iron ore miner Fortescue Metals Group (FMG). After hitting an intra-day high of 4537.9pts, the All Ordinaries Index (XAO) finished the day's session up 8.4pts or 0.2pct to 4513.9.

Android Smartphone Owners Read This, Beware!

Security experts have always warned that risks constantly hound an online lifestyle and mobile computing is not spared from the ever-present threats that come with the expanding ecosystems.

Unannounced Samsung Star Deluxe Duos Leak

After HTC announced on Monday a new dual-SIM smartphone called HTC Desire SV (aka Magni) which is a low budget gadget, Samsung leaked the next day a new affordable smartphone which also has dual-SIM functionality. The device is dubbed as Star Deluxe Duos S5292 and reportedly scheduled for launching in December 2011 in emerging markets.

Sprint Confirms Negotiations with SoftBank of Japan

After struggling with deep losses and a debt load for half of a decade Sprint Nextel Corp. has found its lifeline. The company has announced that it is in negotiations with SoftBank Corp., the Japanese cellphone company.

CNH Votes Down Fiat Merger Terms

CNH Global N.V., the farm and construction maker, voted down the terms of a proposed merger with Fiat Industrial SpA. A special committee at CNH Global N.V. rejected the Fiat Industrial SpA's buyout offer, including listening it to New York from Milan.

Australian Stock Market Report – Midday 10/16/2012

The All Ordinaries Index (XAO) followed the lead from the overseas markets and opened higher this morning up 20 points. By lunch time the market had reduced its early run and had only added 9 points, to 4,515, with small gains in most sectors.

Bleak Sentiments Remain Ahead of Windows 8 Launch

Windows 8 launches in a few days but doubts remain if the multi-platform operating system, touted by Microsoft as the biggest revamp ever of its core product, will indeed carve a noticeable spot in the computing world increasingly dominated by Apple and Android gadgets.

Pricing In The US Fiscal Cliff

By Andrew NelsonThere has been increasing talk in the market and in our service about the US economy heading towards a "fiscal cliff", with the current presidential election seen by many as the lynch pin.

Spot Uranium Melts Down

By Greg PeelIt had appeared for some time, after the first anniversary of Fukushima had passed (being the tsunami, not the ongoing "fallout") that US$50/lb was pretty much a floor in the spot uranium price.

PM Julia Gillard Begins Negotiation to Sell Uranium to India

With her three-day visit to India beginning Monday, Australian Prime Minister Julia Gillard has signaled the start of negotiations to sell uranium to the Asian nation. The Howard government had favoured the idea, but former Prime Minister Kevin Rudd cancelled talks on selling uranium.

Australian Stock Market Report – Afternoon 10/15/2012

The Australian share market closed flat today, with a battle between the banks - which were higher, and the miners, which were lower, playing out. Volume was very low, in fact it was the slowest trading day since the 3rd January when many people were still on Summer holidays. The All Ordinaries Index (XAO) closed down 4.6pts or 0.1pct to 4505.5.

Australian Ski Industry to Banish Due to Global Climate Change?

Skiing aficionados who often go to Australia to experience the resource-rich nation's ski resorts and alpine regions may be forced to scout other locations in the coming years as the worsening global climate change could kill the Australian ski industry by year 2020.

HTC Desire SV (Magni) T326e Features Dual-SIM

HTC will be coming up with the latest smartphone called as HTC Desire SV aka Magni, which supports dual-SIM function. This device is a mid-range device and has the model detail as T326e.

HTC Sensation XL vs LG Optimus EX Mobiles

The HTC Sensation XL is a larger version of the HTC Sensation XE, which by itself is an upgrade to the original HTC Sensation. HTC Sensation XL is branded as one of the costliest Android smartphones in the world. On the other hand, the LG Optimus EX is one of the powerful devices from LG which packs a dual core processor in it as well.

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