BUSINESS

A Two-Faced Shock for the Australian Economy

Is he Harvey Two-Face or Janus? The 'he' we're referring to is US Federal Reserve Chairman Ben Bernanke. He thoroughly confused markets after the US close on Wednesday. On the one hand, the Fed will not necessarily end QE when the US unemployment rate reaches 6.5%. On the other hand, interest rates will not rise even if the Fed 'tapers off' bond purchases.

Pebble Gets Over 190,000 Pre-Orders After Kickstarter

Completing a Kickstarter phase has helped Pebble generate more than 190,000 pre-orders. The Pebble team is responsible for the smart watch device hitting the market soon. With their Kickstarter phase finished, the team will now handle hundreds of thousands of shipments sent to their website.

Australian Stock Market Report – Midday 7/12/13

The Australian sharemarket is improving for the fourth straight day. The All Ordinaries Index (XAO) is up 0.6 per cent, taking the gains this week to around 3.25 per cent. If the gains extend a little further this afternoon, this will end up being the best week since December 2011.
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HTC One Max vs Samsung Galaxy Note 3: Which Phablet Will Dominate?

Samsung and HTC will go head to head sometime this year as they release their two phablets. Samsung is poised to release the Samsung Galaxu Note 3 whereas HTC will release their HTC One Max. Many consumers seem to anticipate more of the other but it is worthwhile to check which phablet features such to see which can dominate the market truly.

James Packer Says Manila a Safe Bet for New Casino Resort

James Packer is confident in the booming gaming market of the Philippines. Packer's Asian gaming joint venture Melco Crown will be building a gaming complex at Manila Bay. The investment is worth US$1 billion and is one of the three new casino ventures in Manila, Philippines.

The Overnight Report: Uncle Ben Snuffs The Taper

By Greg PeelThe Dow closed down 8 points, while the S&P was flat at 1652 and the Nasdaq rose 0.5%.Gee those Chinese data releases are a barrel of laughs at the moment aren't they? Talk about killing the mood at a party.

Australian Stock Market Report – Afternoon 7/10/13

Local stocks ended higher on Wednesday, although the gains were modest compared to the improvements seen in early trade. Economic reports originating locally and elsewhere once again spoke to investor concerns about a slowing global growth pulse.

Apple (AAPL) vs Google (GOOG) vs Intel: It's a Fight for a Televisions

The gears have shifted. Apple (AAPL), Google (GOOG) and Intel (INTC) are all eyeing the television industry apart from their computer ventures. While the three companies are working on streamlining television programming into their services, cable companies are stonewalling these efforts aggressively. Evidently, they do not want to share.

China's Risky Growth Outlook and Trade Surplus Causes Australian Dollar Decline

The IMF says China's slow growth was a big risk as the world's second biggest economy moves to growth led by consumption. Any kind of economic slowdown could affect Australia and other commodity exporters. China is one of the biggest consumers of energy in the world. China's trade surplus of US$27.13 billion missed expectations this June as both imports and exports declined as well. A government spokesperson says China's foreign trade to face "grave challenges" ahead.

Rio Tinto Production Short of 2 Million Tonnes for June Quarter

Rio Tinto (ASX: RIO) is expected to have a production shortfall of 2 million tonnes at its Pilbara iron ore operations when it releases its June quarter report next week. However, the mining giant is in a position to make up for the lost volume in the later part of 2013.

The Lucrative Spot for Investors to Look… The Energy Sector

In yesterday's Daily Reckoning we showed you that food and beer are cheap in America and that sweet potato fries are worth a go. Today, we'll investigate more urgent matters. Falling US bond prices are the prime mover in markets right now. As bond prices fall, yields rise. The investment implications multiply.

Hyundai Santa Fe 2.0L Turbo Review

The Hyundai Santa Fe 2.0-litre petrol turbo is a wolf in sheep’s clothing. It has all the performance credentials to be regarded as a genuinely fast SUV without the high price tag.

Australian Stock Market Report – Midday 7/10/13

The Australian share market is holding at one month highs in early trade on Wednesday, following gains on US and European markets overnight. US stocks managed to make it four wins in a row as investors were encouraged by the start of the earnings season. Aluminium giant Alcoa was first to report, with its earnings coming in in line with market expectations.

Acer Aspire M5 has WiDi Upgrade and Runs on Haswell

Acer released Aspire M5 for more than a year now but the company continues to release a multitude of updates for users to take advantage. Acer just announced it will be offering an M5 update. They device will now run on Intel’s latest Haswell plus it will also feature new speakers and Intel’s Wireless Display technology.

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