BUSINESS

Australian Stock Market Report – Midday 3-18-13

The Australian sharemarket has wiped out most of last Friday's impressive gains, with the All Ordinaries Index (XAO) down 1.3 per cent or 66.2 pts to 5063.1. Cyprus, the Eurozone's third smallest economy has received a €10 billion assistance package, backed by the International Monetary Fund (IMF). A one-off tax of as much as 10 per cent on Cypriot deposit accounts has created some concerns of bank runs.
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Philips Rolls Out Clear Slate Glass TV Design Ahead of Samsung

Philips has beaten South Korean tech giant Samsung in rolling out the world's first transparent TV for commercial sale. TP Vision, which is a joint venture between Philips and TP Technology, unboxed on Thursday the PDL8908 DesignLine television sets which feature a unibody glass chassis from the top to the floor.

Australian Stocks: What Happened Today?

The analyst principally responsible for the production of this research report is: Howard Humphreys, Director & Lead Research Analyst, Seismic ResearchAsian stocks plummet on Cyprus deposit levyThe euro fell to its lowest level this year against the dollar, while Japanese and U.

Australian Stock Market Report – Afternoon 3-15-13

The Australian sharemarket rose by 1.7 per cent today, largely making up for three consecutive days of weakness. Even when taking into account today's gains, the All Ordinaries index has slipped by 0.16 per cent over the past five sessions. Since the start of January 2013, the local market has jumped by 9.96 per cent, making it the best start to a new year in 21 years. Today was the biggest daily improvement for the All Ords since mid-July 2012.

43% of Smartphone Users’ Time Spent on Games as App Use Averages 2 Hrs/Day

A study by Flurry Analytics found that apps the average smartphone user spends two hours daily with app, twice the amount of time spent in 2011. While many apps are considered productive, one alarming discover of the report is that 43 per cent of the apps were for games such as the popular Angry Birds.

A Crazy Warning Sign for BHP and CBA Shareholders

As far as we're concerned, the most interesting thing to happen this week is the fact that the Commonwealth Bank (CBA) now has a market capitalisation equal to that of BHP. Or at least we thought it did after glancing at this article. Which just goes to show you shouldn't believe everything you read.

China’s Inflation: On High Alert

When you get too much credit growth, you usually get goods and services inflation as a result. That's especially the case in developing economies that don't have sophisticated financial markets to soak up all the credit growth and translate it into 'beneficial' asset price inflation.

IoD Chief Sharply Criticizes UK’s Banks

Simon Walker, the director general of the Institute of Directors, sharply criticized UK's banks such as Barclays and Royal Bank of Scotland for offering excessive employee compensation in the form of wages and bonuses. Moreover, Simon Walker has underlined that UK's banking industry is being harmed by bankers' short-term self interest as banks are breaching the bonus cap formulated by the European Union.

Windows 8 and RT Has Twitter App Now

The social media site Twitter has launched its first app for Windows 8 and Windows RT. The newly launched Twitter app justified the platform by including Windows 8 focused features such as support for Windows 8 share, Search charms, snap view, live tiles and notifications.

Investment Opportunities in a World of Debt and Struggle

For much of its history, Australia had to wait months for news from the northern hemisphere to reach its shores. Early settlers crowded the docks when a new ship arrived from England to get the 'latest' news. It was usually delayed by at least 6 months.

Thomas Cook Focuses on its Turnaround Strategy

On the 13th of March, British travel firm Thomas Cook informed that it aimed to improve its profits by around £350 billion by 2015 through its turnaround strategy. The 171-year-old UK tour operator plans to reduce the number of its stores, dispose non-core businesses and concentrate on online sales as it is trying to stand on its feet.

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