As iPhone 5 Unveiled, Rivals Closely Taking Notes
They dream that the iPhone 5 is dubbed a failure at the event in Oct. 4. When they wake up, they'll be scratching their heads on why, no matter what they do, they just couldn't beat the iPhone.
Australian Stock Market - CLOSING - 10/04/2011
The Australian share market closed 0.6 per cent lower, with investors starting to hope that the central bank would cut interest rates for the first time in a year next month. The local bourse opened almost one per cent down on a weak lead from Wall Street overnight. By the close on Tuesday both major local indices had made back some of their early losses, with the benchmark S&P/ASX200 index down 24.9 points, or 0.64 per cent, at 3,872.1 and the broader All Ordinaries index dropped 25.1 points, o...
Markets: Greece, China Fears Drive Markets Lower
European and Asian stockmarkets fell sharply yesterday on rising concerns of a Greek sovereign default, and additional worries over China's financial health.
Markets: Investors Ignore Economic News
The global stockmarket continues to have a bad case of multiple personality, worrying about Greece and the eurozone imploding one day, and then reversing those fears the next.
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RBA Rate Decision: Big Worry For Australian Retailers
Australian retailers on Tuesday expressed concerns with the Reserve Bank of Australia’s cash rate decision to maintain the cash rate at 4.75%.
Sundance Board Gives Go-Ahead for Chinese Firm’s $1.65-B Bid
More than a year after the plane crash that killed majority owner Ken Talbot, Sundance Resources is set to be taken over by Hanlong Mining Investment Ltd, a subsidiary of giant Chinese resource firm Sichuan Hanlong Group, with the suitor aiming to raise its present 18 percent stakes on the iron ore miner.
DIARY: Rate Decision Here, Europe, US Jobs Report
Another tough week is ahead of us. Central bank meetings here, in Japan, Europe and the UK, jobs data in the US, manufacturing surveys here and around the globe (except China) and of course the continuing fears about the stability of the eurozone and the markets.
Death Blow to GMOs? California Ballot Initiative Calls for Mandatory Labeling of all Genetically Engineered Foods
In what is perhaps the most significant breaking news we've heard on the GMO front in a long time, an effort has just been announced in California that seeks to gather enough signatures to put an historical initiative on the ballot which would require the labeling of GMOs in foods.
3 Steps to Make Work+Life Flexibility Really Succeed for Your Business and Your People
I've decided that every time I read an article, study or blog post that talks about how people don't have meaningful access to flexibility, how managers don't support flexibility, and/or how flexibility policies don't match the actual practice in the business (this week here and here), I'm going to re-publish the following article on my blog.
Uncertainty Continues even as U.S. Economy Manages Modest Gains
Moderate gains were achieved in the manufacturing and construction sectors in the U.S. notwithstanding the persistent problems in unemployment and the rising concern regarding the ongoing debt crisis in Europe.
Australia Still Pushes for Plain Packaging on Other Tobacco Products
More regulations are facing tobacco companies as the Australian government studies measures to curb sale of cigarette and tobacco products across the country.
Your Editor On Twitter
By Rudi Filapek-Vandyck, Editor FNArenaI joined Twitter. Not because I am curious what this celebrity has to say about her kids, or to read that another one is waiting for a connecting flight, impatiently.
Australian Stock Market- MIDDAY- 10/04/2011
MIDDAY REPORT
(12.30pm AEDT)The Australian sharemarket is continuing to fall after a tough start to the new trading week yesterday. The ASX 200 index (XJO) is down 0.4 pct or 17.1 pts to 3879.9 while the broader All Ordinaries index (XAO) is 0.5 pct or 18.9 pts lower to 3941.8.
Tech Gadgets Top List of Bribes Given NSW Officials Under Probe
High-tech devices such as iPhones, iPads and camcorders topped the list of gifts that were given to New South Wales public officials. Next to the gadgets, also high on the list of bribe items masked as gifts were beach holidays, football tickets and gift vouchers.
No Apple-Samsung Deal in Australia Tablet Battle
It appears Apple is convinced that Samsung Electronics will not be able to market its Galaxy 10.1 tablet in Australia as the U.S. tech firm rejected Tuesday overtures by its South Korean rival for a settlement of their legal dispute.
NAB Sees Slow US Growth But Not Recession
- NAB expects slow US growth rather than recession- More significant QE measures unlikely in such an outcome- Australian growth should be solid in 2H11- This suggests no near-term rate cuts by RBABy Chris ShawNational Australia Bank head of research Peter Jolly has just returned from a two week trip...
ASIC Probe not Stopping Takeover Bid of Sundance by China's Hanlong
Despite a continuing insider trading investigation, the pending takeover of Australia's Sundance Resources Ltd. by Hanlong Mining of China is almost as good as a done deal, lacking only signatures.
RBA Expected to Hold Cash Rate Despite Strong Data
Economists said Tuesday that despite the stronger-than-expected international trade and building approvals figures for August, the Reserve Bank of Australia is unlikely to change the current cash rate.
Asia-Pacific Economies Vigilant, Wary of Continuing Debt Crisis in Greece
The declaration made by Greek government officials that it will miss its fiscal deficit this year and probably be mired in recession for the rest of next year has triggered another cause for concern among Asia-Pacific economies.
NAB Cuts Fixed Rate to 6.34 Percent
National Australia Bank now offers the best one-year fixed rate among Australia’s largest banks, after it slashed its fixed interest rates by as much as 0.15% on Tuesday.
Local Markets Fight Rent Hike as Online Vendors of Fruit and Veg Thrive
Stall owners at local markets are facing twin challenges today, that of a thinning market and skyrocketing rent. Traders agree to find ways to attract local shoppers back.
Faulty Signature Update Causes Microsoft to Classify Google Chrome as Malware
A faulty signature update for Microsoft Security Essentials and Microsoft Forefront made an error on Friday and classified the Google Chrome executable file for Windows as a malware, specifically a ZeuS Trojan.
Emaar’s Dubai Bank Write-Off Sends Profits Tumbling
Some mixed news for Emaar properties, one of Dubai's - state owned - master developers. That is, mixed news, not in a share of good and bad news, but rather in the fact that the bad news was tinged with goodness.
Sony PlayStation Network Offers Exclusive Games
Sony Computer Entertainment America (SCEA) is offering exclusive games on PlayStation Network (PSN) every Tuesday starting this month. Gamers in North America who download games or make purchases worth up to $60 using their PlayStation Network/SEN Wallet can earn $10 store credits in November.
Australian Dollar Outlook - 10/04/2011
Bell FX Currency Outlook
The AUD is looking vulnerable, currently holding just above USD0.9500, after reports that Greece will miss its budget deficit targets in 2011 and 2012.
The Overnight Report: Coming To A Head
By Greg PeelThe Dow fell 258 points or 2.4%. The S&P fell 2.9% to close at 1099, breaching the earlier August intraday low of 1101.
Uranium Contract Prices Slip
By Greg PeelUnlike the uranium spot market, which in recent weeks has been dominated by traders and hedge funds on both sides of the price, the uranium term market more represents legitimate supply deals between producers and utilities and is thus more representative of ongoing longer term uranium d...
iPhone 5 Event: Five Things We'd Love to See But Won't
Apple Inc. unveils the highly hyped fifth generation iPhone at its Cupertino, California headquarters. The event marks the first time Tim Cook will take center stage after succeeding the ailing Steve Jobs. While hoping to stride out from Jobs' shadow, he hopes to retain the Apple founder's magic in pitching new Apple devices. More than whether Cook will give the first impression that he is a showman and a visionary like Jobs, here are five things we'd love to see at the Oct. 4 but pr...
Woolworths Points the Finger at Parlamat for Milk Contamination
Woolworths is recalling 3 litre Homebrand Full Cream Milk for possible contamination of food-grade dairy cleaning solution. Food products containing cleaning solution may cause illness to some if consumed.
Woolworths Recalls Tainted Milk
Woolworths has recalled some of its home-brand milk and has reassured its customers that the recall is just a precautionary measure.
Amazon Selling the Kindle Fire at a Loss
Amazon.com new Kindle Fire tablet costs $209.63, IHS iSuppli estimated on Friday but since Amazon is selling the tablet for only $199 every tablet is costing the company $10 to produce.
Western Australia Now Easily Accessible via Margaret River Phone App
The Margaret River Guide phone app has been launched to help visitors and tourists enjoy the best of their stay and vacation in one of Australia's most stunning territories.
ANZ Bank Fees Class Action Returns to Fed Court
Australia’s largest consumer class action returned to the Federal Court today with Maurice Blackburn representing around 34,000 ANZ customers who have filed against the bank in protest against the bank’s exception fees.
Ashton Sells 10% Of Maules Creek Project For A$370M
Ashton has agreed to sell 10 % of its stake in Maules Creek Project for A$370 million to J-Power Australia Pty Ltd, subsidiary of J-Power of Japan.
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