Australian Stock Market Report – Afternoon 3/6/2013
The last 24 hours for global markets have been defined by positive news. One of the headline grabbing outcomes has been the Dow Jones closing at a new record high over night. Supporting news included European manufacturing reports which didn't disappoint investors, the Chinese administration announcing that the 2nd biggest economy in the world will grow at 7.5% this year and a better than expected read on activity in the US services sector. As a result the volatility which gripped the markets...
Teens Unfriend Facebook
A few years ago, pre-teens had to lie about their real age just to open an account at the very popular social networking site Facebook. After a couple of years, these same young people have reached 13 and are legally allowed to open an FB account, however, some of them find the portal now uncool.
Venezuelan President’s Death Sparks Online Memes, Jokes About Hugo Chavez
While millions of Venezuelans and the rest of the world started to mourn the death of Venezuelan President Hugo Chavez, the cyberworld abounded with jokes and memes about the 58-year-old leader who died of cancer on Tuesday.
Pope Resigns 2013: The Softer Side of the Piano-Playing Pope Emeritus (VIDEOS & PHOTOS)
Even when he was still Joseph Cardinal Ratzinger and Pope John Paul II was still the pontiff, media had paint a very stiff portrait of the German church official. He was called God's Rotweiller, a not-so-flattering comparison because of the shift in the use of that breed of dog from herding livestock to serving as K-9s.
Australian Stock Market Report –Midday 3/6/2013
After a great run here at home yesterday where the ASX 200 index closed 1.3% or 64points higher, European and UK markets rallied. Regained confidence in the US markets pushed the UK FSTE index to a 5 year high at the close of trade.
Global Food Demand to Rise 75% by 2050 But Cattle Prices to Dip 10% in 2014, Aussie Farmers Warned
While Australia's farmers face bright prospects in the long term as global demand for food is project to go up by 75 per cent in 2050, they have to contend with short-term dip in prices.
New Pope 2013: No Conclave Date Yet as Vatican Waits for 5 More Cardinals, Temporarily Closes Sistine Chapel
There is no definite date yet when would the conclave to elect a new pope be held. The cardinals are still waiting for the arrival of five more cardinals before they lock themselves inside the Sistine Chapel to cast their ballots.
Venezuela to Have Elections in 30 Days Following Death of President Hugo Chavez
Besides the soon-to-be-set conclave in Vatican City to elect a new pope, there will be another major election that the world will be monitoring. Venezuela would have a presidential election within 30 days following the death of Venezuelan President Hugo Chavez on Tuesday.
Australian Dollar Outlook – 3/6/2013
The Australian Dollar has mostly held its ground against the US Dollar, getting support from decent economic indicators here and abroad and also from yesterday's RBA interest rate announcement.
Global Markets Overview –3/6/2013
Europe and the US trotted out more strong data overnight, this time in the non-manufacturing sectors.
Australian Stock Market Report – Morning 3/6/2013
The US ISM services index rose from 55.2 to 56.0 in February, the highest level in a year and above forecasts centred on result near 55.0. The exports sub-component of the index hit the highest level in almost six years. The Redbook chain store sales index was up 2.2pct in the latest week on a year ago.
Australian Stock Market Report – Afternoon 3/5/2013
Tuesday saw a generally positive session for regional stocks in the aftermath of Monday's selling. Investors continue to keep a wary eye on the Shanghai Composite index. From a technical perspective the Chinese index appears vulnerable given its 3.7% decline on Monday.
Wanna Be a Great Barrier Reef Caretaker? Join Tourism Australia’s 6 Best Jobs in the World Promo
Working people tired of spending their whole day in front of the computer or assembling parts in a factory could try their options in getting a dream job. That dream may come true for young workers who would join Tourism Australia's Best Job in the World contest launched on Monday. The agency will award very alluring jobs to six winners of the competition in its bid to attract more younger tourists to the land down under.
Kim Dotcom Plans Australia or NZ IPO for Mega Filesharing Site
Kim Dotcom, the owner of the shuttered Megaupload file sharing site, has plans to launch an initial public offering for his new site, Mega, in the next 18 months. The IPO is seen as an effort to gain more legality in his operations which has been shut down by police over charges of copyright violations.
Despite Rate Hold Decision by RBA, Rate War Looms as One Major Aussie Bank Plans to Cut Standard Variable Rate by 5 Basis Points
While Australia's business community was not surprised by the expected decision of the Reserve Bank of Australia (RBA) to hold on Tuesday the current overnight cash rate at 3 per cent, borrowers may be in for a surprise.
New Pope 2013: Bettors’ Choice and Papabili from Ghana Proposes New World Order
Even before the 115 cardinals in Vatican set the date for the conclave while they await the arrival of 12 more cardinals, an early favourite to be the successor of Pope Emeritus Benedict XVI is emerging - not among the red-capped bishops but among bettors.
Gina Rinehart Still Australia’s Richest Person with $17B Wealth
Hancock Prospecting owner Gina Rinehart must be on a roll this week after scoring two back-to-back victories. After losing her shares in the Rhodes project last week to Wright Prospecting, she accepted the flag of surrender from recalcitrant daughter Hope Welker over the weekend and retained the richest person in Australia title.
Warren Buffett Advices Apple to Ignore Demand of Hedge Fund Manager for Issue of More Preferred Shares Amid Large Cash Hoard
Although he is not an Apple shareholder, investment guru Warren Buffett has some unsolicited advice to the giant tech company amid a hedge fund manager call for Apple to issue preferred shares to deal with the excess cash hoard of the company.
Australian Stock Market Report – Midday 3/5/2013
The local share market is performing very strongly at lunchtime in the East, clawing back from yesterday's heavy losses which were exacerbated by concerns out of China and the fact 22 listed companies traded without rights to their dividends.
New Pope 2013: U.S. Cardinal Wants New Pope to Have Zero Tolerance for Sex Abuse
The list of qualifications for the new pope to succeed Pope Emeritus Benedict XVI keeps getting longer. Besides requiring the incoming pontiff to agree not to resign, U.S. Cardinal Francis George proposed a zero tolerance for sex abuse as one of the qualities to look for in the new head of the Roman Catholic Church.
Australian Dollar Outlook –3/5/2013
Australian dollar makes a tepid recovery ahead of the RBA board meeting this afternoon.
Global Markets Overview –3/5/2013
No major data was released in the US overnight, with most investors were watching Vice Chairman Yellen's speech to the National Association for Business Economics (NABE). She reiterated Chairman Bernanke's view that a hasty end to easing could backfire. This added additional weight to the earlier comments and alleviated 'liquidly dependant' fears sparked on February 21. Professor Yellen's speech helped all three major US indices finish in the green as they did on Friday after Bern...
Samsung Galaxy S4 Teaser Video Leaks March 14 Launch, Exynos 5 Octa Processor and Eye-Tracking Software
More details about the release date of the Samsung Galaxy S4's release date and specs have come out. In a specs video leak, AnTuTu benchmark said the device will be announced in New York on March 14.
Australian Stock Market Report – Morning 3/5/2013
China´s Shanghai Composite share index slumped by 3.7pct on Monday in response to Friday´s decision by state authorities to tighten restrictions on housing finance. China´s CSI300 index lost 4.6pct, the biggest drop since November 2010. Hong Kong´s Hang Seng index fell by 1.5pct.
Experts Pick Surface Pro as Best Windows 8 Tablet
In response to reader's request asking for advice on what is the best high-end Windows 8 tablets in the market, tech experts from CNET pointed to the Surface Pro as the top tablet device they would recommend.
Will Ascend P2 Help Chinese Phone Maker Huawei Beat Apple, Samsung to Number One Spot in Smartphone Sale?
Although Chinese tech giant Huawei has been making some noise in the global smartphone market with the unboxing of the Ascend 2 smartphone at last week's World Mobile Congress in Barcelona, the company's CEO has the ambitious dream of becoming the world's number one in smartphone sales across the world.
Hope Welker Splits from Husband John, Settles Out of Court with Mom Gina Rinehart
More embarrassing leaks of Hope Welker's broken personal life came out on Monday amid reports that financial hardship caused the second youngest daughter of Australia's richest person, Gina Rinehart, to drop the lawsuit she filed against her mother in 2012.
Australian Stock Market Report – Midday 3/4/2013
Aussie market hit by weak metals and dividend payments. US markets were hit by lacklustre trading as investors waited to see what would happen to the planned spending cuts in the US. By the close Wall Street closed slightly higher boosted by better than expected economic data and end of week buying. European Market hit by falls in key banking stocks and the news Eurozone unemployment had hit 11.9% in January.
New Pope 2013: Scottish Cardinal O’Brien Apologises, Admits Sexual Misconduct
The decision of the Pope Emeritus in forcing Scottish Cardinal Keith O'Brien to step as head of Scotland's Roman Catholics appears to be correct. The forcible resignation of the cardinal was one of the last acts of then Pope Benedict XVI just before he stepped down on Feb 28 amid scandals that have rocked the Church.
U.S. Child Born with AIDS Cured?
The breakthrough that the medical community has been waiting appears to have finally happened. U.S. scientists announced on Sunday the cure of a Mississippi child born with AIDS.
