BUSINESS

Brazil Inches Further with Economic Growth, Surpasses UK

Declining Euro economies have catapulted Brazil past the United Kingdom this year, placing number six on the strength of the former's rising trade partnerships with growing Asian economies, mostly led by China, Japan and India.
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No More CES Events for Microsoft After 2012

No more Steve Ballmer talks and antics on future CES gatherings as Microsoft has decided to pull out from the yearly showcase of new electronic products, making the Las Vegas show on January 2012 the last for the software giant.

Australian Stock Market Report - Afternoon 12/23/2011

Finally some Christmas cheer for investors, with the stock market closing higher on the last trading day before the break. It was a shortened trading day, the market closed at 2pm AEDT. The All Ordinaries Index (XAO) added 49.9pts or 1.2pct to 4192 while the S&P/ASX 200 Index (XJO) was firmer by 496pts or 1.2pct to 4140.4.

Report: Galaxy Tab Soon to Hit Germany

Samsung has won the favor of courts in Australia and the United States for its Galaxy devices to hit the market and soon enough, according to reports, the South Korean firm may win the nod of the German court.

Next Weeks At A Glance

By Rudi Filapek-Vandyck, Editor FNArenaLet's start with the good news: most of you are already on holidays (I can tell by the many emails returning this morning) and the share market is trying its best to put a positive end to what has been an extra-ordinary year, in my view.

Steel Price Upturn Expected In 2012

- Global steel price upturn expected early in 2012- Market conditions not uniform- US seeing some price increases, Western Europe market weak- Asian markets mixedBy Chris ShawIn the view of steel industry consultant MEPS, a global steel price upturn is expected early in 2012.

Australian Stock Market Report - Afternoon 12/22/2011

Local stocks once again ended in the red today, as investors remain cautious about buying equities in the lead up to the end of the calendar year and due to more uncertainty in the Eurozone. The All Ordinaries Index (XAO) closed down 48pts or 1.2pct to 4142.8 while the S&P/ASX 200 Index (XJO) fell 48.7pts or 1.2pct to 4090.8.

Are We Ready to Live in Homes Designed to Counter Floods?

The changing climate has made it more difficult to predict weather patterns that could either be damaging to life and property. Some architects from the U.S. and Asia have devised the latest of designs in order for homes to withstand the wrath of Mother Nature.

Victoria Awards $1.6-Billion Rail Contracts to 3 Bidders

The Regional Rail Link Authority of Victoria announced on Thursday the award of $1.6-billion rail contracts to three bidders. The Leighton Group, Lend Lease and UGL won the bid to build a part of the $5.3-billion Regional Rail Link project.

Australia Buys $950 Million Worth of Military Planes from U.S.

Australia will purchase from the United States 10 military planes and other equipment worth $950 million. The Defense Security Cooperation Agency informed the U.S. Congress on Wednesday on the sales of C-27J aircraft, missile warning systems and radar.

LigthSquared vs. GPS: FCC Ruling Sought

LightSquared is pressing the U.S. Federal Communications Commission to approve its right to use its radio spectrum to build a national 4G wireless network. The company filed a petition for declaratory ruling to the FCC on Tuesday.

IBM's 5-Year Tech Predictions: Mind Reading Computers and People Power

IBM released its sixth annual "5 in 5" which lists the five technologies the company thinks will come true in the next five years. The predictions aren't really predictions about the tech world in general but a way for IBM to showcase programs that IBM is actually working on. Some of the predictions seem to be out of this world but it's still worth looking at if only to wish that some of the predictions would come true.

Elders Explore New Cattle Export Markets

Elders chief executive Malcolm Jackman said the Federal Government's month-long ban on live cattle exports to Indonesia in June had a ''significant impact'' on the agribusiness. Thus, new markets like Russia, Kazakhstan, Pakistan and Qatar are now being explored.

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