BUSINESS

Sony Unwraps ‘Super Slim’ PS3, Gamers Cry Too Pricey

Sony shrunk the PS3 and called it ‘Super Slim’. Following the superhot route taken by smartphone and tablet makers, the Japanese firm upgraded the ‘look factor’ of its half-a-decade old game console by shaving off unnecessary heft and weight.

NAB Launches Online Share Trading Platform

National Australia Bank (NAB) launched on Wednesday nabtrade, its own online share trading platform which will mainly target investors in self-managed superannuation funds.

Harvey Norman Owner’s Family Shops Online

While Australian retail giant Harvey Norman is one of the leading voices calling for lowering of the general sales tax on items purchased overseas, the company's own chief executive, who is also the owner's wife, ironically buys from online shops abroad to save money.

Australia Halts Sheep Exports

Australia's Department of Agriculture, Fisheries and Forestry placed on hold all sheep exports following the order by Pakistan authorities to cull 21,000 Aussie sheep tested positive for salmonella bacteria and actinomyces.
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Kraft Foods Australia Extends BelVita Breakfast Biscuit Flavour Range

Kraft Foods Australia has been pleased with the market take up of its belVita Breakfast biscuits. Launched in March 2012, research conducted in June 2012 by AC Nielsen Homescan showed market penetration of 10.9% (or more than one in ten) Australian households having tried the product.

Smash and Grab

Maybe we're making this whole investment caper too complicated. You can analyse interest rates and currencies. You can talk about sound money and fair value. And you can look at technical trends and fundamental factors. But in the end, maybe we should just all buy Apple stock and quit while we're ahead.

The US Dollar: A Titanic Disaster

One hundred years ago, the Titanic slipped below the frigid waters of the North Atlantic Ocean. That's roughly the same moment when the US dollar also hit an iceberg. In 1913, one year after the Titanic disaster, the US government passed the Federal Reserve Act...and the dollar's value has been sinking ever since.

Fortescue Buys Time, Rather Well

- FMG announces very positive re-fi- Plenty of breathing space the result- Brokers upgrade ratings- Stock now even more highly leveragedBy Greg PeelAs at yesterday the spot iron ore price was trading around US$109/t which would have allowed Andrew "Twiggy" Forrest the chance to sleep a little better...

Australian Stock Market Report – Afternoon 9/18/2012

Following a weaker start to the day, the Australian sharemarket managed to gradually improve as the day progressed to end 0.1 pct or 4 pts higher to 4417.8. The miners, energy players and financials all lost ground today after leading the broader market higher yesterday.

CAW Hopes To End Talks with Ford; Chrysler Concerned

According to the head of the Canadian Auto Workers, the union will focus on reaching an agreement with Ford Motor Co. as talks continue with all of Detroit's Big Three car makers with a strike deadline coming closer Monday night.

Citibank Denies Hiding Dewey’s Economic Problems from Ex-Partners

Citibank is currently disputing numerous claims which indicate that the bank took part in a fraud to get former partners Dewey and LeBoeuf to sign up for a loan course that financed their capital in the unsuccessful law company, in spite of understanding the critical economic circumstance being faced by Dewey.

Five Deadly Effects of QE3?

In announcing QE3, Ben Bernanke's words betrayed not the slightest doubt that this is the right thing. More Fed bond purchases, combined with three more years of zero interest rates, he said, will quicken economic growth and cause unemployment to fall. And the punditry class all nodded in unison.

Australian Stock Market Report – Midday 9/18/2012

Local stocks have retreated today, as the euphoric effects of the US Federal Reserve's latest efforts to stimulate the global economy start to wear off. Overnight US and European markets eased, while oil and gold prices also fell. In the early session, the All Ordinaries Index (XAO) is down 9.8pts or 0.2pct to 4412.

The Australian Automotive Industry

The automotive industry changes constantly. In Australia, the cost of raw materials and fuel is volatile, regulations are tighter and competition is greater. As a result, innovation is encouraged.

BHP’s Marius Kloppers Tops List of Australia’s Highest Paid CEOs

A study by the Australian Council of Superannuation Investors (ACSI) released on Tuesday identified the top 10 high-paid chief executives in the country. Number one on the list is BHP Billiton Chief Executive Marius Kloppers who earned $11.8 million in 2011 in wages alone.

Break-Up For US Indices

FNArena has added another video to its Investors Education section on the website. This week ATW's Jerry Simmons looks at US stock indices, currencies, gold, oil and gas.

Minerals Council Warns of 5% Contraction of Aussie Economy Due to Cost Crisis

A modeling released Monday by the Minerals Council of Australia warned of a 5 per cent contraction in the country's economy due to the cost crisis that threatens to halt mining mega projects. To counter the threat, the council pushed the federal government to commit to controversial policies to bring back its competitiveness.

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