BUSINESS

Australian Stock Market Report – Midday 6/17/13

After falls of around 1 per cent this morning, a comeback from the financial sector is helping minimise the losses. The All Ordinaries Index (XAO) is down by just 0.1 per cent after recording its biggest improvement of the year on Friday. The miners are the biggest contributors to the losses however this is being balanced by gains of as much as 1.6 per cent from the banks.
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The Latest Feel On China Steel

- China cautious- Steel output steady- Modest support for iron ore- No timeframe for turnaroundBy Andrew NelsonCommodities analysts at ANZ Bank recently returned from a trip to China and they say the mood there remains cautious.

Facebook to Roll Out a News Reader in June 20 Event?

A Facebook invitation to a June 20 press event has led to speculations that the most popular social networking site would roll out a news reader, possibly based on trending articles on Facebook or more of an RSS reader-style product.

Australian Stock Market Report – Afternoon 6/14/13

After a lacklustre run this shortened trading week, the Australian market recorded its biggest daily rise of 2013. The All Ordinaries Index (XAO) jumped by a solid 1.9 per cent after two straight sessions of 0.6 per cent losses.

LG Working on Optimus G2 Not Nexus 5? Images Leaked with Released Date in Q3 2013

LG earned success with the Nexus 4 and the Optimus line of Android devices, and now the company has been speculated working on with Google. However, Google and LG didn't confirmed Nexus 5 manufacturing but it seems that the South Korean tech company is developing the upcoming Optimus G2. Is this the secret smartphone they have been hiding?

New York Unveils $20bn Plan Create Storm-Proof City

New York's mayor Michael Bloomberg has unveiled plans for the city to defend itself against future storms and dangers posed by climate change, recommending the construction of anti-flood fortifications including removable floodwalls, levees and sand-dunes in low-lying areas across the city.

In Japan: How the Authorities Are Gaming the Stock Market

Before we launch into today's episode of the Daily Reckoning, a correction from yesterday. In our table of the seven largest Japanese stocks, we incorrectly labelled the share price (in Yen) as market capitalisation. Apologies. It doesn't change the point, though. The point was that in a price-weighted index, a small handful of shares can account for the performance of the index.

Apple (AAPL) Inc's iTunes Radio Not a Threat to Pandora

With the entry of Google and Apple in the music streaming business, Wall Street analysts have predicted the end of the Internet radio pioneer, Pandora. Now that Google and Apple have respectively announced their answer to Internet radio - Google streaming music launched last month; Apple's iTunes Radio announced last Monday - market investors should keep a close look at Pandora and find it to be doing well despite the new and potential threats.

Intel Releases SSD Drives for Cloud and Hosting

Intel (INTC) unleashed their Solid-State Drive DC S3500 Series and their newest solid-state drive (SSD) for cloud computing and data centers. Intel claim their latest SSD drives can take the place of traditional hard disk drives (HDD) especially because they are designed to handle read-intensive applications.

$99 Android Tablets Coming Out in Q3 2013?

The share of Androids in the tablet market may likely grow bigger and eat away whatever share that the iPad still currently holds. The reason behind such a development is the roll out of very affordable Android tablets by the third quarter of 2013.

Australian Stock Market Report – Afternoon 6/13/13

The Australian share market touched 2013 lows today, with the All Ordinaries Index (XAO) closing at its lowest level since 28th December 2012. Because of a sharp gain on the market on the first trading day of this year (2nd January), the market remains in positive territory year to date, up 0.4 per cent. The ASX 200 Index (XJO) is up 1 per cent year to date.

Telstra Deals With New Asbestos Claims, Union Leaders Demand Investigation

Telstra's exchange buildings are the focus of new asbestos claims as union leaders are demanding for an investigation. The exchange buildings contain some of the interconnection points of the National Broadband Network (NBN). Union leaders claim the presence of asbestos is not only limited to the communication pits but also in the company's exchange buildings.

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