BUSINESS

In a big turnaround from their previous decision, four of the biggest Australian banks said on Tuesday that they will pass in full the 25 basis points overnight cash rate made by the Reserve Bank of Australia (RBA) on the same day.

Because of its low prices that attracted American consumers who were still reeling from the prolonged recession, Wal-Mart Stores regained the number 1 ranking in the Fortune 500 list for 2012.

- RBA saw need to support economy- Economists predict more cuts will be required- Westpac and Macquarie see a 2% cash rate aheadBy Greg PeelIs the Reserve Bank of Australia "behind the curve"?In its April monetary policy statement, the RBA suggested "Global growth is forecast to be a little below av...

The Reserve Bank of Australia's (RBA) somewhat surprise decision to cut rates for the first time this calendar year helped reduce market weakness. The All Ordinaries Index (XAO) slipped by just 0.2 per cent or 11 pts to 5,122.7. At around 2.45pm (AEST), the ASX200 index was up by 0.2 per cent while the Australian dollar hit a low of US101.7 cents just before 3pm (AEST).

Xbox 360 rocked the console sales in the Western worlds and the upcoming Xbox 720 is soon to be unveiled in an event at Redmond, Washington headquarters. Xbox 720 will also gain exclusivity of Call of Duty: Ghosts once the console is launched.

Maxis announced the release of the upcoming Sims 4 in 2014 which will be applied on both Mac and Windows computers. Sims 4 has promising new and intuitive tools which players can use to connect with their Sims.

You need to get out of the house to do important errands, but you're highly worrisome that some burglar will barge into your home right at the moment you are not there to defend it. Fret not with Presence, an app specifically created to monitor the domestic ongoing activity right in your home.

T-Mobile finally released the long awaited update for the HTC One S featuring Android 4.1 Jelly Bean, Google Now and Project Butter. The network carrier silently released the new update and expected to reach all owners eventually.

Google-owned video streaming giant YouTube will now be charging avid users of its video sharing services $1.99 a month to view the videos at over 50 popular specialized premium channels.

After a flat start, sellers have moved in to the Australian share market at lunch, sending the All Ordinaries Index (XAO) down by almost half a per cent.

Because the bird flu strain H7N9 that has claimed 27 lives in China has yet to be confirmed that it can be transferred from human to human, health experts said it won't become pandemic. Well, at least not yet or not at least 10 years from now.

Two fast growing economies, China and India, saw their services PMI slump significantly in April. Certainly, it is not good news as indeed these two countries with other Asian nations have been driving the growth of the global economy - nothing to sneeze at. The findings by HSBC Holdings show, however, that India and China will face more challenges on their growth road.

To combat fake online pharmacies selling Viagra, Pfizer launches its own website to sell directly to its customers

By Peter Switzer, Switzer Super ReportJust when many Australian investors ? and in all likelihood many of our SMSF subscribers ? are thinking BHP Billiton ((BHP)) must be looking like a buy, one expert for my TV show and this newsletter, Roger Montgomery suggested that the share price could fall int...

There were 70 super rich Australians who earned in 2010-11 at least $1 million each but did not pay income taxes in 2012. Among the 70, their total earnings reached $194 million but because of tax reduction strategies used by their accountants, they reduced their total taxable income to $20,000 each.

By Andrew NelsonApril was a funny old month for uranium. After a couple of mostly flat months in February and March, uranium prices dropped through most of April.

WiiKey is a mod ship developer claims to have reversed the engineering of Wii U's disk encryption and making the game console possible to play "backed up" copies of games using a USB drive. Another group claims to have ripped the Marvel Avengers: Battle for Earth game disc and now being distributed online.

Speculations are circulating that Microsoft will soon release in the market a smaller and cheaper Surface tablet.

Acer introduced to the public over the weekend the Aspire R7, a convertible all-in-one laptop with a display that can move around in different ways through a new Ezel hinge.

By Greg PeelThe Dow closed down 5 points, while the S&P gained 0.2% to 1617 and the Nasdaq added 0.4%.

By Greg Peel"The exchange rate has been little changed at a historically high level over the past 18 months, which is unusual given the decline in export prices and interest rates during that time".

The Australian share market has started the week's trade on a positive note, following a positive lead from Wall Street at the end of last week on the back of better than expected US Jobs numbers.

The Australian sharemarket is higher thanks to a better than expected US jobs on Friday, however a portion of the gains were wiped out due to a weaker than forecast retail spending report. The All Ordinaries Index (XAO) is up 1.1 per cent or 54.4 pts to 5159.8. The mining sector is the standout at lunch thanks to a strong rise in commodity prices, in particular copper which jumped by 6.2 per cent.

Five of the best brands have released their remarkable design across the Android history and Google is now developing their next Nexus line up. HTC, LG, Motorola, Sony and Samsung have individual trademarks on every device they made and it is so exciting to know which among them will be chosen to complete the future of Google Nexus.

At least 1,170 students stand to get affected and 157 teachers stand to lose their jobs once Queensland pursues to close nine of its state public schools.

In what seemed to be another feather on its cap, devices created by Samsung Electronics Co have entered the radar zone of muggers in San Francisco, US, with the device getting preferential treatment over Apple's iPhone.

Android 4.3 Jelly Bean will seem to roll out after the Google I/O conference this May 15th and speculations of new features with the upcoming Android version leaked out. HTC teases two new technologies rumoured to appear on Android 4.3 - the Bluetooth Low Energy and OpenGL ES 3.0.

The number of infected due to the new SARS-like novel coronavirus in Saudi Arabia have jumped to 13 cases, of which seven have already died.

True to their word, Melbourne's taxi drivers converged for another protest action at the city's airport, creating passenger and traffic mayhem on the first day of the week.