BUSINESS

Many people all over the world including Australians were eagerly anticipating the release of Samsung Galaxy S3. Now that the Samsung Galaxy S3 has already been released in Australia, is it a hit or a miss for Australians?

We left you last week with the thought that the market looked very sick indeed. A crash, we said, wouldn't come as a surprise. Well Friday's action in the US wasn't quite a crash, but it wasn't far off either. And gold's reverse crash - up nearly US$80 in the US session - added to the fear.

Apple fans all over the world are eagerly anticipating the Apple event and the new Apple gadgets that will be introduced by the company. Apple will be holding its Worldwide Developers Conference (WDC 2012) by next week from June 11-15, 2012 in San Francisco.

By Rudi Filapek-VandyckUS equities opened last night's session on a positive note, supported by ongoing optimism that Uncle Ben was once again going to save Wall Street's bacon, but this time it emerged Helicopter Ben wasn't yet ready to play ball.

Australia's economic growth rate of 4.3 per cent in the year to March, driven by the mining boom, may be at risk of slowing down due to the high cost to complete resources projects in the country.

The Australian share market has hit a six day high in early trade, on the back of better than expected jobs numbers. 38,900 jobs were created in the Australian economy in May, versus expectations of slight job losses. However the April numbers were revised, ticking the May unemployment rate from 4.9pct to 5.1pct. At lunchtime in the East, the All Ordinaries Index (XAO) is firmer by 60pts or 1.5pct to 4164.7.

There are numerous rumors circulating around the web about the possibility of a new and revamped Apple Macbook Pro. The exact specifications and details about the new Macbook Pro is set to be revealed at next week's Worldwide Developers Conference (WWDC).

Peru’s housing market has been sizzling hot the past two years, making a strong comeback in 2010. Not surprisingly, as there was 8.8% GDP growth in 2010, followed by 6.9% economic growth in 2011 (figures from Central Reserve Bank of Peru (BCRP)).

Hold onto your hats. Grab your wallet. All over the world, central planners are getting together. They're watching the whole developed world tilt towards Tokyo. And they're determined to "do something" to stop it.

Because of the general economic slowdown across Australia, profit downgrade warnings are becoming a buzzword among Aussie companies. The latest to declare a profit downgrade on Thursday was cheesemaker Warrnambool Cheese and Butter.

The world's housing markets moved clearly down during the year to the first quarter of 2012, according to the Global Property Guide's latest house price indices survey.

Starbucks, the coffee shop renowned for its seemingly limitless coffee varieties, is opening a new chain of juice bars in response to the growing health trend towards unprocessed and whole foods.

It's the word of an expert from the Department of State Development, Infrastructure and Planning versus residents on whether coal seam gas (CSG) would damage the environment or not.

By Rudi Filapek-VandyckThe S&P500 jumped 2.30% overnight to close at 1315.13, up 29.63. The Nasdaq gained 2.

The Age Discrimination Commission is proposing major changes of state and commonwealth laws to protect older workers from structural discrimination which would prevent them for working after they retired.

Although both Australian retailers David Jones and Myer registered sales slump in the last quarter, the two are bent on recovering lost ground by offering hefty discounts for their mid-season clearance sale which begin Wednesday or a day ahead of the sale opening by department stores.

Mobile computing will bring about the anticipated decline and even demise of social media giant Facebook, which according to a new report could follow the way of Yahoo over the next five years.

Nintendo said on Tuesday that the new Wii U will also see the resurrection of the gaming company's most popular creation, Mario, who again will launch his adventures in the holiday release of the console's hardware upgrade.

Outsourcing - the boon of Asian workers and the bane of western employees - is about to hit an Australian rail operator. Reports said that QR National will shed 500 jobs mostly in Queensland as it transitions from a state-owned company to a listed firm.

The newly appointed chief executive of Qantas's international operations has a lot of work cut out for him following the warning of by Qantas Chief Executive Alan Joyce of an expected net loss of $330 million for the financial year that ends this June.

The Australian share market is trading relatively flat in the early session, with the main indices see-sawing between positive and negative territory. Stronger than expected GDP numbers saw the All Ordinaries Index (XAO) hit a high of 4112 points just after 11.30am AEST, but at midday in the East the market has pulled back a little. The XAO currently firmer by 8pts to 4100.4.

Billionaire investor George Soros has warned that European leaders have a "three-month window" to save the euro, or risk the destruction of the eurozone and a "lost decade".

By Rudi Filapek-VandyckThe S&P500 gained 0.57% overnight to close at 1285.50, up 7.32pts. The Nasdaq advanced 0.

By Rudi Filapek-VandyckAs far as market indicators are concerned, they usually don't come with a long and colourful history like the Dow Theory which finds its origin in the editorials written by Charles H.

Abu Dhabi's flagship carrier, Etihad Airways, in support of its expansion plans, announced on Tuesday it has acquired a 4 per cent controlling stake in Virgin Australia Holdings.

The gaming world remains in suspended mode this year and the next few years to come, hardware-wise, as Sony confirmed on Monday that no upgrade of the PlayStation 3 game console will be unleashed in the remaining months of 2012.

ANZ Bank has outsourced its IT testing and environment services to Capgemini, a French information technology firm

The Australian share market has rebounded from yesterday's two percent drop and is posting solid gains ahead of this afternoon's interest rate decision. At lunchtime in the East, the All Ordinaries Index (XAO) is firmer by 49.4pts or 1.2pct to 4082.8, after hitting a high of 4095 points.

It's one of these days where royalty appears to be almost human as possible. It has been reported that Queen Elizabeth has granted a "royal warranty" to AV/TV manufacturer, Samsung Electromics for its TV and AV services to the royal family. This also means that Queen Elizabeth is watching TV in her private time (gasp!).