BUSINESS

Experts Warn 7 Coal Mine Sites in Australia’s Latrobe Valley at Risk of Collapsing

An expert advisory group warned of the possibility of 8 sites on brown coal mines across the Latrobe Valley collapsing. The warning is the result of an independent investigation in the collapse of the Morwell River diversion that inundated the Yallourn mine with 60 billion litres of water, damaged infrastructure and cut electricity for months from the nearby power plant.

Aussie Pain Is Stock Market Gain

By Greg PeelWhen US bonds started to move on Fed taper talk in May, the Aussie went first. When the Aussie started to go, the foreign exit of Australian stocks, held for yield differentials, was quick to follow.
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Lenovo Horizon Goes up Against iMAC? Meet Lenovo's 27-inch Table PC

Three years ago, iPad made waves because it was bottomless and a touch screen – that was years ago. From then on, rivals of Apple Inc. started producing their own versions ranging from ten inches to eleven. Samsung alone has nearly every size anyone think so. Today, it is not just about touch screens and bottom computers. Variation is crucial and Lenovo brings to the table their 27-inch table PC.

ANZ Denies Transferring 600 Jobs To New Zealand and the Philippines

On Thursday, ANZ spokesperson Stephen Ries denied earlier reports that the company is closing its Mulgrave call centre in Melbourne and transferring jobs to New Zealand and The Philippines. "We're not going to speculate what's going to happen in the future," he said. He assured Australian customers that ANZ's call centre headquarters would remain in Melbourne.

Australian Dollar Outlook – 6-20-13

The AUD has fallen below USD 0.9300 for the first time since September 2010 after US Federal Reserve Chairman Ben Bernanke announced that the US Central Bank's stimulus measures would end in mid-2014.

IBM Australia Lets Go of 1,500 Jobs Due to Global Restructuring

IBM Australia is looking to let go of 1,500 jobs in a move to send jobs offshore to New Zealand and Asia. Local jobs held by around 1,200 to 1,500 Australians are affected as their jobs have been found to be redundant. The figures are comparable with Ford's plans to cut 1,200 jobs when the company leaves Australia in 2016.

Global Markets Overview – 6/20/13

As expected, QE tapering is coming; as expected, $85 billion a month is here to stay in the interim; as expected, a timeline was given and as expected these changes to the current programme are conditional to the state of the underlying economy.

Australian Stock Market Report – Morning 6/20/13

In US economic news, Federal Reserve Chairman Bernanke reiterated its commitment to buying $85 billion in bonds per month given still-high unemployment. However the Fed did highlight that risks to growth and employment have lessened in recent months and as such it was likely that it could slow the pace of its bond purchases later this year and look to end the QE program by mid-2014. The Fed will not raise interest rates until unemployment fall below 6.5pct or provided inflation remains below 2.5...

Leaked: ASUS Releasing a Tablet to Against Nexus 7.2? K009 FCC Filing Spotted, European Website Gives A Peek of GeForce GTX 760 DirectCU II OC

FCC listings indicated that Asus is reportedly working on a mysterious tablet that can potentially or directly go against the line of Google’s Nexus. With the pending release of the Google Nexus 7.2 and increasing hype, Asus is testing the waters to penetrate the same market. Only a few weeks before the release of Nexus, speculations are also increasing that Asus is gearing for another global launch.

Oil Price Looking Toppy

By Jonathan BarrattOil has gradually being trading higher over the course of the week and as it knocks into resistance at US98.

Australian Stock Market Report – Afternoon 6/19/13

The behaviour of financial markets in recent months has been defined by one issue. What will the Fed do with Q.E. To this end it's interesting to note how composed the markets have been in the last day given the import of the day ahead in the US. Wednesday in Washington will see the Fed conclude its 2 day meeting with a press conference. In this forum the US Fed Chairman is expected to provide some clarity in relation to its bond buying program. 'Tapering' has been an expression frequen...

ASUS ROG Maximus VI Extreme Becomes Top Contender for Overlocking Supremacy

Asus announced that their Republic of Gamers Maximus VI Extreme motherboard has achieved overlocking supremacy at the Computex Taipei 2013. The motherboard, powered by Intel Z87, delivered 91% success rate at the convention. Asus also achieved several world records at an event hosted at the company’s headquarters.

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