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Australian Stock Market Report – Afternoon 4-5-13

The Australian share market was unable to ride on Wall Street's coattails today, finishing lower for yet another session, and losing 1.6% over the course of the week. That's reduced the yearly gains for the All Ordinaries Index (XAO) to just over 5%. It was the fourth consecutive week the Australian share market finished in the red.

Bank of Queensland Told to Refund Customers $12M

The Australian Securities and Investments Commission (ASIC) has ordered the Bank of Queensland to refund a total of $12 million to some 6,000 customers following the over computation of interest on home loans due to a system error.
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How Economists Practice Economics of the Moron Class

It takes an economist to say something so stupid that the whole world is dumber for having heard it. Put a group of economists together and ask them what they think about government spending and you get a colossal stupidity that instantly makes the whole nation stupider.

Facebook Home Launcher: What's Hot and What's Not [Videos]

Mark Zuckerberg, CEO of Facebook wasn't lying about the "no Facebook phone" and instead released the first Facebook Home Launcher which is a software for Android, putting social networking on front and at the centre. What is Facebook Home and how does it work?

HTC is First Smartphone With Facebook Home; AT&T Now Accepting Pre-Orders for $99.99, 2-Year Contract

Facebook did not roll out a new smartphone on Thursday. Instead, the company unveiled the Facebook Home, a launcher for Android phones. The smartphone that has the launcher is HTC First, which will be sold by AT&T for $99.99 on a new two-year contact. Shipment on this AT&T exclusive begins April 12, but the U.S. carrier started taking pre-order on April 4, Thursday.

BOJ Stuns, Mixed Messages From US Fed

Central bank round-upBy Kathleen Brooks, Research Director UK EMEA FOREX.comCentral banks came to the fore today ? the BOJ stunned the market with its aggressive easing, the ECB's hands remain tied, the BOE stayed on hold and some Fed speakers reinforced the importance of today's NFP repor...

Zynga Enters Gambling Sector

Zynga Inc. had been looking to solve its problem and it seems that it finally found a way. The famous online game publisher finally informed that it would ingress the real-money gambling sector in the UK. Is this the end of Zynga's problems?

Australian Stock Market Report – Afternoon 4-4-13

Local stocks followed Wall Street and European markets into the red today, as political jitters over North Korea and weak global economic data weighed on sentiment. The All Ordinaries Index (XAO) closed near its lows of the day, down almost 1%.

Pepsi to Sponsor IPL to Beat Coca-Cola and Win India’s Market

And here we go again. The rivalry between Coca-Cola and PepsiCo seems to be endless and India is a new battlefield of the two soft-drink giants as PepsiCo Inc. will sponsor the Indian Premier League which is due to start on the 3rd of April.

Australian Stock Market Report – Midday 4-4-13

As expected, the Australian market is losing ground following weakness from global equities overnight. The All Ordinaries Index (XAO) is down 0.6 per cent to 4937.4 at lunch. With only a day of trade remaining this shortened trading week, local share have slipped by around 0.9 per cent over the past four sessions.

Worrying Signs (Again) For US Stock Markets

ADP and ISM data misses deal mild blow to USDBy Kathleen Brooks, Research Director UK EMEA FOREX.comThe problem with this US recovery and stock market rally is that no sooner are you lulled into a false sense of security that the economic recovery will continue then a data point reminds you that the...

Rovio to Launch iOS, Android Versions of Angry Birds Friends in Mobile Phones

Finnish game app developer Rovio said on Wednesday that it would launch mobile versions of the Angry Birds Friends on iOS and Android. It is the social version of the game that Rovio created for Facebook and has 60 million installs and 15 million monthly active users on FB.

Australian Stock Market Report – Afternoon 4-3-13

Despite a positive start on the back of gains on European and US markets overnight, the local bourse was sold off today following chatter from two US Federal Reserve Presidents that the stimulus which has been supporting the US economy since the GFC could be wound back this year.

Sideline Casualties in the Currency War

Let's begin this week's reckoning with some lip service for the performance of the S&P 500. America's big blue chip index was up 10% in the first quarter. It made a new all-time high late last week when it closed at 1569. It took six long years from the 2007 high until now. But we made it!

Australian Stock Market Report – Midday 4-3-13

Despite a slightly stronger start to the session for the 2nd day running (something which hasn't happened in 4 weeks), the All Ordinaries Index (XAO) is 0.2 per cent or 8.6 pts lower to 4986.9. Shares slumped by 2.7 per cent in March, making it the worst month of trade since May 2012.

Is This the Nokia Lumia 950? (LEAKED PHOTO)

Amid speculations that Nokia will roll out the Lumia 928 in April on Verizon Wireless, Techno Buffalo cited on Wednesday an WPCentral report that the successor to the Lumia 928 and 920, the Lumia 950, is coming out soon.

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