BUSINESS

The Misallocated Savings of the Chinese Banking System

Up, up and away! Markets are off to a flier this Monday morning. The Japanese public has endorsed the idea of money printing. And the Chinese money printers have endorsed the idea of cheaper money. Naturally, Australian stocks are reveling in the idea that wallets may loosen in Asia and that bank lending for more make-work projects could increase.
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$299 Off-Contract Price for Moto X?

With Aug 1 identified as the launch date for Google's Moto X and New York as the venue, the next questions on techies' minds is how much will the new smartphone be priced and how what does it look like?

Samsung to Hold Its First Global Developer Conference

Samsung sits at the forefront of the tech and mobile phones industry. It has managed to transform itself as the biggest consumer electronics manufacturer today beating and challenging sales of some of the biggest companies in the world like Apple and Google. In its bid to become the top player in the tech industry, the Korean tech giant will also be holding its first global developer conference.

World Youth Day 2013: Head of State Pope Francis Carries Own Luggage Bag, Falls in Line, Waits For Turn to Board Aircraft (PHOTOS)

Consistently shunning preferential treatment and special attention, Pope Francis has done what most heads of state would not. For his first overseas international trip since becoming the 266th pontiff, Pope Francis opted to carry his own luggage bag, fall in line and then wait for his turn to board commercial aircraft Alitalia for his week-long visit to Brazil in celebration of the World Youth Day 2013 festivities in his home continent.

Huawei to Bring 5G Technology in 2020? (VIDEOS)

The frequently belittled Chinese tech company Huawei may just surprise techies and take centre stage in 2020 when it makes available 5G technology. The hint of being on the forefront of technological advancement from the Chinese tech giant comes even if 4G has barely landed.

Amazon CEO Confirms Discovery of Apollo 11 Rocket Engines

Neil Armstrong landed on the moon in Apollo 11 on July 20, 1969 and nearly 600 million television viewers watched the historical event live across the world, including a five-year-old Jeff Bezos, now the CEO of Amazon. A day before the 44th anniversary, Bezos disclosed that the two rocket engines that his team had found from the depths of the Atlantic are from Apollo 11.

The Overnight Report: Just Okay

By Greg PeelThe Dow closed up one point, while the S&P gained 0.2% to 1695 and the Nasdaq added 0.3%.The Aussie has been ping-ponging between the mid 91s and the mid 92s these past few sessions as Fed tapering confusion abates and focus turns more specifically towards China.

Australian Stocks: What Happened Today? (Invast)

By Ashley Jessen23 July 2013 ASX Market Summary ? Invast Financial ServicesSubdued market action overnight in the US combined with new recent one month highs across many commodities gave mixed signals to local traders keeping an eye on the S&P/ASX 200, which climbed steadily over the start of the tr...

Australian Stocks: What Happened Today?

By Ashley Jessen23 July 2013 ASX Market Summary ? Invast Financial ServicesSubdued market action overnight in the US combined with new recent one month highs across many commodities gave mixed signals to local traders keeping an eye on the S&P/ASX 200, which climbed steadily over the start of the tr...

Intel's 2Q13 Earnings, CEO Pushes for Intel Atom ‘Bay Trail’ 22nm Processor

Intel’s CEO Brian Kranich had his first earnings call. The chip giant’s head post revealed his strategy on pushing Intel’s growth and development. For the second quarter of 2013, Intel reported $12.8 billion in revenue. Net income came at $2 billion for the current quarter. This is 2 percent down from 2012’s record.

Australian Stock Market Report – Afternoon 7/22/13

The supportive tone seen in the early part of the local session remained in place over the course of the afternoon although the prospect of key company and economic reports in coming days, both locally and elsewhere kept buyers from extending gains. The end result paints a picture of the ASX200 index still consolidating around the 5000 mark.

Apple's Continued Product Delay Puts Everyone on the Edge of Their Seats

People lined up the streets to wait for the release of the first iPhone in 2007. From the time Steve Jobs unveiled one of the world’s most popular mobile handset, people have always anticipated product releases and announcements from Apple. To many businesses like shopping stores and developers, whatever Apple puts out is their bread and butter. Is the same still going on today?

Australian Stock Market Report – Midday 7/22/13

Buyers have returned from the weekend with renewed vigour. Every sector measured by the ASX is higher at lunch time and a generally constructive note is in place throughout the region. This is somewhat at odds with the way regional markets finished last week.

Huawei Working on 5G Technology, Availability Set in 2020

Chinese device maker Huawei is currently working on the new 5G technology with 200 people dedicated to conduct research and develop the massive connectivity. Huawei Technologies further declared that the 5G mobile technology will be available to use in 2020.

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