BUSINESS

Russians Control Opel Vectra Using iPad

An iPad could be used as a remote control for an old Opel Vectra, Russian computer experts have demonstrated in a home. To move the vehicle, also sold as Holden in Australia in the late 1990s, the geeks connected servo motors to metal rods that control the wheel steering and gear selection.

Rovio Launches Angry Birds Cartoons for TV

Rovio, the Finnish creator of the popular online game Angry Birds, will launch this weekend the TV cartoon version in a bid to widen its entertainment and merchandising reach.

German Exports Increase 1.4% in January Topping Analysts’ Estimates

According to figures released on the 11th of March, German exports increased more than initially expected, exceeding analysts' estimates. Official data showed that also German imports surged significantly. After all, the German economy saw some positive signs after a contraction in the fourth quarter of 2012.

Osborne’s Bank Reform Criticized by Commission

The Parliamentary Commission on Banking Standards has criticized the Chancellor George Osborne's bank reform as it is simply unbalanced and inadequate. The Commission has underlined that the financial regulator should be given competence to separate high street and investment banking.
More news

Adidas Swings to Q4 Loss

Adidas reported a fourth quarter net loss for the year ended December 2012 after goodwill impairment charges on its subsidiary Reebok brand which took a toll on its profits. In the face of heavy impairment expenses, Adidas expects lower profits for 2013.
Jamelle Agbuis Mar 13, 2013

Samsung after the Galaxy S4 Release, Expect Bigger Things to Come

Samsung Galaxy S4 debuts this week and the tech world is all buzzed up on what to expect and what not to. But one thing is sure, according to Forbes, we’ll get to see a new Android handset that aims to steal the thunder off Apple’s iPhone.
Erik Pineda Mar 13, 2013

Lean, Mean, Mining Machines

By Greg PeelIn the process of open cut mining, as opposed to underground mining, "stripping costs" are incurred.
Admin System Mar 13, 2013

Crunch Time For Australian Banks

This story was first published with full access for subscribers only on March 7. Due to a technical error, now resolved, a large section of the story was omitted on first publication.
Admin System Mar 13, 2013

Price Targets Support Further Upside

By Rudi Filapek-Vandyck, Editor FNArenaPrelude: In April 2011, with the Australian share market experiencing yet another January-April rally, I compared index projections for the calendar year from equity strategists with consensus price targets for individual stocks (*).
Admin System Mar 13, 2013

The Overnight Report: By A Whisker

By Greg PeelThe Dow closed up 2 points, but the S&P lost 0.2% to 1552 and the Nasdaq fell 0.3%.It was touch and go at the death, but the Dow did manage to close in the green for an eighth straight up-day.
Admin System Mar 13, 2013

Australian Stock Market Report – Afternoon 3-12-13

The Australian sharemarket couldn't make it three consecutive sessions of gains today, with the All Ordinaries Index slipping by 0.61 per cent or 31.4 pts to 5128.6. The mining and energy sectors continue to underperform the broader market. Both industries combined account for around ¼ of the Australian sharemarket.
Vittorio Hernandez Mar 12, 2013

New Class Action Lawsuit vs Big 4 from NZ Customers

ew Zealand clients of the big 4 Australian banks filed on Monday a class action suit over charges that the lender have collected from them $800 million in excessive default fees.
Vittorio Hernandez Mar 12, 2013

Why China Needs To Let Go Of The RMB

By Andrew NelsonThe Chinese started the shift from central planning to market-based economic reforms back in 1978 and since that time China's economy has grown 28 times larger.
Admin System Mar 12, 2013

The Australian Shale Rush Begins

BHP has made strategic shale acquisitions in the US. It's also been absolutely caned on those acquisitions, writing off $2.84 billion from its Fayetteville Shale assets late last year. This cost Marius Kloppers his bonus for 2012, and arguably his job for good.
Jamelle Agbuis Mar 11, 2013

Kia Won’t Plant Any More Cee’ds in Australia

Kia Australia has ruled out importing any more variants from the European-focused Kia Cee'd range beyond the Pro_Cee'd GT hot-hatch it has recently confirmed for the local market.
Jamelle Agbuis Mar 11, 2013

China Enjoys Strong Exports in February

Official data showed that China enjoyed strong exports in February, highlighting signs that the economy was deliberately rebounding. Yet, China's imports were weak, missing analysts' expectations.
Jamelle Agbuis Mar 11, 2013

End of Recession for Japan?

Is this the end of recession? At least, latest data indicated that. According to the revised survey, Japan saw its economy expand in the final quarter of 2012. Certainly, the news is a good sign for Prime Minister Shinzo Abe who is focused on getting Japan out of two long decades of deflationary stagnation.
Jamelle Agbuis Mar 11, 2013

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