BUSINESS

Of 100 global cities assessed by the Reputation Institute, Australia's Sydney topped the list of most reliable city published over the weekend by Forbes Magazine.

By Chris Weston, IG MarketsIt generally pays to follow the money and respect the trend; however sometimes it can also be worth thinking like a contrarian, and getting ahead of the curve.

The uptrend holds for a second week with the market closing on its highs. The market is overbought in the short term and has cleared long term resistance.

On October 16, the Wall Street Journal (WSJ) initially released the article "Apple Cuts iPhone 5C Orders," authored by Ian Sherr, Lorraine Luk and Eva Dou. The report conveyed supplier cuts less than one-third from the Hon Hai Precision Industry Co. and 20 percent from the Pegatron Corp.

Apple Inc co-founder Steve Jobs may just have been proven right with his strong emphasis on Apple to focus on high-end consumer gadgets over cheaper ones.Three surveys that came out in the last two weeks suggest that the iPhone 5S outsells the iPhone 5C at least 2 to 1. Brokerage firm KGI Securities Co. has announced it was cutting its estimates for the quarterly sales of Apple's iPhone 5C by a third.

At the end of a week that started with so much uncertainty the local market has gained ground for a for a fourth day. The ASX 200 traversed new five-year highs on Friday and gained 1.7% for the week.

Global Markets have responded positively to the developments of the last 24 hours. In particular US stocks have rallied, pushing the S&P 500 to a new all-time high.

Apple Inc. landed no. 2 at LinkedIn’s Most In-Demand Employers of 2013

Rod Drury of Xero, who will also represent New Zealand in the Global Entrepreneur of the Year Awards won the top prize and was crowned Ernst & Young Entrepreneur of the Year 2013. It's been a string of positive news for Mr Drury and his online accounting software company, Xero. The company's shares had climbed to 30 per cent or at $25.20 per share as of Oct. 17. The Xero stock spike came after news of a $180 million investment as new capital for the company.

LG G2’s tasteless ad against Blackberry backfires to electronics giant LG

I just spent two solid days at a conference on energy development in regional shale plays of Pennsylvania-Ohio-West Virginia, called Marcellus and Utica.

Insolvent trading is unlawful in most developed countries. If found guilty, company directors face severe legal and financial penalties.

The Americans continue to play silly buggers over their budget. It's fantastic stuff to watch. Especially if you're a 'Deal or No Deal?' fan, unlike us. Last night's episode ended with 'No Deal!'

Vodafone Australia announces availability of lightning-fast 4G network for pre-paid users

Troubled Canadian phonemaker BlackBerry may yet avoiding closure despite financial woes and a shrinking market share if it would accept a planned buyout offer from Chinese computer manufacturer Lenovo.

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.

To avoid paying a hefty $17.3 billion fine, South Korean tech giant Samsung offered to the European Union (EU) not to engage in a legal patent war with its rivals for five years.

By Greg PeelThe Dow closed down 2 points while the S&P gained 0.7% to 1733 and the Nasdaq added 0.6%.No one was entirely sure just how Wall Street would react last night to the reopening of the US government on a can-kick basis.

According to reports, Samsung Galaxy Note 12.1 will be the biggest of its kind. Others go as far as saying it will be the monster tablet. What does Samsung have up its sleeves?

At long last, the news we have all been waiting for. The United States House of Representatives has passed a bill that will see the re-opening of government and raise the US debt ceiling. The House voted 285-144 in favour of the legislation after the Senate earlier passed the bill 81-18. The agreement will see the US Federal Government reopen after being shut for the past 17 days and will remove the debt issuance restrictions. As government departments reopen tomorrow, we will get a clearer idea...

The World Bank has cut its forecast for India's economic growth from 6.1 percent to 4.7 percent in this fiscal year, citing a sharp slowdown in manufacturing and high interest rates as the key factors driving down investment.

Struggling Taiwanese phone manufacturer HTC has taken the phablet market by storm. The smartphone maker is entering the phablet market by launching its latest plus sized version of its award-winning HTC One handset. Looks like gigantic displays are something buyers recognize as worth of having.

The time has come when Smartwatches will take over. They are surely the much talked about gadget at the moment. And with Sony and Samsung already in the combat can we expect Google to stay away?

Seems like no one wants an Apple iPhone cheap or at least it looks like, even a cheap Apple iPhone is way too expensive. Experts had feared that iPhone 5c would eat into the market share of the premium model iPhone 5s. For all its promise to offer customers, unable to afford the premium variety, the iPhone experience, the iPhone 5c has failed to impress

The Australian sharemarket is higher for the third day, with the All Ordinaries Index (XAO) 0.2 per cent stronger. This as the US Senate has voted to not only reopen the government after 16 days of closure, but also to temporarily raise the debt ceiling. The House of Reps is expected to vote next.

People who want to buy tech products as Christmas gifts during the yearend holidays but have limited funds could still make their friends and relatives happy when they unwrap their gifts.

Samsung group had set its Galaxy S5 release date amidst losing cases against Apple Inc.

Higher demand from China boosted the iron ore production of mining giant Rio Tinto (ASX: RIO) in the third quarter. The company produced 53.4 million metric tonnes of iron ore compared to 52.6 million metric tonnes for the same quarter in 2012.

More than half of employees working at the largest fast-food chains in the U.S. are earning so little in wages that they must rely on some sort of public assistance to get by, according to a new study co-published by the University of California-Berkeley and the University of Illinois on Tuesday.