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Rio Tinto to Invest $2 Billion in India Iron Ore Project

Rio Tinto (ASX: RIO) will make the largest investment by an Australian company in India through a $2 billion investment at the Orissa iron ore project in India. The project will supply iron ore to India and overseas with the steel making material.

Australian Stock Market Report - Midday 3/6/2012

The Australian share market has started the trading day in the red, following weak offshore leads and after China downgraded its 2012 growth forecasts. China has cut its target for economic growth in 2012 from 8pct to 7.5pct, a move which wasn't overly surprising but has given investors a reason to sell. At lunchtime in the East, the All Ordinaries Index (XAO) is down 29.9pts or 0.7pct to 4324.3.

South Africa: Beautiful Country, Worrying Politics

South Africa's property market has slowed, with house prices declining modestly in 2011. South Africa's house prices rose 2.3% in nominal terms, which translates into a decline of 2.6% in real terms, a disappointment following 2.7% house price rises in real terms in 2010.

Joel Makower: Green Business Maven Shares His Insights

Makower, one of the most respected voices in green business, talks about greener corporations, what the government could be doing to foster more environmentally friendly businesses, and why he's optimistic about the future.

Union Claims Westpac Will Cut Tech Jobs, Send it Offshore

The Financial Services Union (FSU) claimed on Tuesday that Westpac Bank will axe 119 technology jobs and send them overseas as the lender cuts cost. The union said the bulk of the jobs to be lost would come from the Sydney Central Business District and Kogarah units and smaller numbers from Queensland, South Australia and Victoria.

Five Reasons Gas Prices Rise

Forget the political bluster on gas pump pain. Prices go up for complicated factors that don't fit neatly on a bumper sticker. And presidents can't wave their magic wands and bring back $2.50 a gallon.

Icarus Signal New Entries For Today: Cochlear

Daily update on share prices and consensus price targets.By Rudi Filapek-VandyckCochlear ((COH)) has remained on many an investors' radar since the company had to announce a recall of its top product, with the main question being asked whether the subsequent drop in share price has created a bu...

Google Assistant vs. Apple's Siri

Siri, Apple’s popular virtual assistant feature is set to meet its match as Android-developer Google is reportedly developing a new feature which would rival Siri.

ZTE Windows Phone: Features and Full Specifications

China-based company ZTE recently released two new Windows Phones. These are ZTE Orbit and ZTE Tania. These Windows Phones were set to target people who are looking for inexpensive Windows Phones in the market.

Uranium Spread Narrowing?

By Greg PeelVolumes in global spot uranium trading in the month of February were the lowest since the GFC nadir month of March 2009, industry consultant TradeTech notes.

RBA Wary But Content

By Greg Peel"Financial market sentiment has continued to improve in recent weeks," notes RBA governor Glenn Stevens in his statement accompanying today's monetary policy decision, "and capital markets are again supplying funding to corporations and well-rated banks, albeit at costs that are hig...

iPhone 5 vs. Samsung Galaxy S 3 Showdown Coming Up

Manny Pacquiao vs. Floyd Mayweather Jr. would have been a fight for the ages but the much-awaited boxing showdown did not push through. This year, the best of America and Asia are expected to take their animosity to new heights when Samsung Electronics and Apple Inc. (NASDAQ: AAPL) release new smartphones at about the same time just months from now.

Australian Stock Market Report - Midday 3/5/2012

The Australian share market has started the trading week in the red, following a lacklustre offshore lead and a report showing company operating profits fell 6.5pct in the fourth quarter, below estimates. At lunchtime in the East, the All Ordinaries Index (XAO) is down 14pts or 0.3pct to 4350.1.

Another Aluminium Smelter Plant May Close, 600 Jobs at Stake

The strong Australian currency is taking its toll on the country's aluminium smelter sector with another plant facing the threat of closure due to high production cost and weak global prices. Mining giant Rio Tinto (ASX: RIO) warned it may shutter its Bell Bay smelter which may cause the loss of 600 jobs.

Promise of No Strike from Qantas Pilots

Long-haul pilots of Qantas have promised no strikes if the union would succeed in its appeal on Fair Work Australia's (FWA) ruling a few months ago to prohibit industrial action. The union will file its case against the FWA termination of the pilots' industrial action before the Federal Court in Sydney.

Apple, Samsung Score Favours and Setbacks from German Court

Apple and Samsung scored victories against each other before a German court on Friday but the two tussling tech titans also saw legal setbacks hampering their efforts to assert dominance in the ever-growing global mobile device market.

Diary: A Mega Week For The Economy In Australia

Economics dominates the week here and offshore, with important data releases in several countries, central bank meetings, the rising price of oil worrying markets and towards the end, the monthly flow of economic data from China.

Markets: March Starts Softly After February’s Surge

A breather for global markets at the end of a week when the Greek bailout edged towards finalisation, European leaders said nice things to each other about the economy and oil prices continued to worry investors.

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