BUSINESS

Samsung Loses Again in UK Court Battle vs Apple

It was the second consecutive loss for South Korean tech giant Samsung in its epic legal battles with American tech giant Apple across different continents. On Thursday, Apple won again when London Judge Christopher Floyd invalidated Samsung’s patents.

Your Editor On Twitter

By Rudi Filapek-Vandyck, Editor FNArenaI joined Twitter. Not because I am curious what this celebrity has to say about her kids, or to read that another one is waiting for a connecting flight, impatiently.

Global Markets Overview –3-8-13

Risk sentiment remained resilient through European and US trade in an active night on the macroeconomic front. Equities extended their gains yet again and with investors continuing to believe in the ability of central banks to support markets. There was also another set of encouraging US economic data with unemployment claims coming in well ahead of expectations (340,000 versus 354,000 anticipated). The more interesting moves were in the forex space as market participants reacted to different po...
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New Pope 2013: Vatican Tells Cardinals to Zip Mouths

True to its tradition, it actually is just a matter of time before the Vatican steps in to tell the College of Cardinals to zip their mouths in sharing bits and pieces of information from the pre-conclave talks on account of their oath to secrecy.

Why Central Bankers Really Don’t Want Deflation

The fundamental error behind central planning is being repeated in China. Wen Jiabao leaves office telling his colleagues that, 'Unbalanced, uncoordinated and unsustainable development remains a prominent problem.' China's planners are past caring, though. And as our colleague Greg Canavan has said all along, China's real estate bubble could be the biggest and most damaging yet.

China’s Housing Trouble Heats Up

They stretch across the outskirts of dozens of major urban areas, criss-crossed by empty highways. The rows of modern skyscraper apartments are all sold to absent investors. There's little doubt these scenes create compelling television.

Global Markets Overview – 3-7-13

Wednesday night it is was US non-manufacturing PMI that pushed the Dow to all-time highs and the S&P near its all-time high; last night, however it is was non-farm payrolls shooting the lights out.

Australian Stock Market Report – Morning 3-7-13

The US ADP reported another 198,000 private sector jobs were created in February, with January numbers revised up to 215,000. The underlying trend remains one of improvement in terms of job creation. US factory orders fell back by 2pct in January, largely due to a fall in demand for military hardware and commercial aircrafts.

Australian Stock Market Report – Afternoon 3/6/2013

The last 24 hours for global markets have been defined by positive news. One of the headline grabbing outcomes has been the Dow Jones closing at a new record high over night. Supporting news included European manufacturing reports which didn't disappoint investors, the Chinese administration announcing that the 2nd biggest economy in the world will grow at 7.5% this year and a better than expected read on activity in the US services sector. As a result the volatility which gripped the markets...

Teens Unfriend Facebook

A few years ago, pre-teens had to lie about their real age just to open an account at the very popular social networking site Facebook. After a couple of years, these same young people have reached 13 and are legally allowed to open an FB account, however, some of them find the portal now uncool.

New Pope 2013: Criteria of a Spiritual Leader

It is now Day 3 of the pre-conclave talks by the cardinals who are being holed up at Vatican City. And from today, there are only 18 days left for the cardinals to be able to come up with a new 266th pope in time for the Roman Catholic church’s Palm Sunday rites, which heralds the start of its Lenten season. Yet despite the decreasing number of days, the College of Cardinals seem not wont to succumb to outside pressure to immediately start the ball rolling on this year’s anticipated papal concl...

Australian Stock Market Report –Midday 3/6/2013

After a great run here at home yesterday where the ASX 200 index closed 1.3% or 64points higher, European and UK markets rallied. Regained confidence in the US markets pushed the UK FSTE index to a 5 year high at the close of trade.

After Horsemeat Scandal, Faecal Bacteria Found in Ikea Cake Products in China, 2 Tonnes Destroyed

After a debilitating horsemeat scandal, Ikea is again on the hot seat, this time after Chinese authorities discovered excessive levels of faecal or coliform bacteria in its chocolate almond cake products that were imported by the furniture and accessories store to China from Sweden. An equivalent two tonnes (1,872 kilos or 4,100 pounds) of the chocolate almond cake were immediately destroyed.

The Short Report

By Andrew NelsonThe Week from the 20th and 27th of February was another subdued one for shorting and short covering activity on the Australian share market.

Australian Dollar Outlook – 3/6/2013

The Australian Dollar has mostly held its ground against the US Dollar, getting support from decent economic indicators here and abroad and also from yesterday's RBA interest rate announcement.

China is World's Top Oil Importer, Beating U.S.

China has provisionally overtaken the U.S. as the world's largest net importer of oil, said the Financial Times on Tuesday, after the U.S. posted its lowest import figures since 1992 on the back of booming domestic oil production.

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