Businessman George Soros is blaming the euro crisis in 2012 for making gold an unsafe haven for investors. Since October, gold prices had been on a downtrend and last week the yellow metal for June delivery, the most actively traded contract, hit a nine-month low of $1,553.50 a troy ounce on the Comex division of the New York Mercantile Exchange.
Vittorio Hernandez
Apr 09, 2013
In an obvious indicator that South Korean tech giant Samsung is determined to keep the smartphone king title, the company announced on Monday the release of three models run by Jelly Bean and featuring dual SIM.
Vittorio Hernandez
Apr 09, 2013
In US economic news, the Chicago Midwest Manufacturing index rose by 0.8pct in February after rising by a revised 0.4pct in January.
Vittorio Hernandez
Apr 09, 2013
By Greg PeelThe Dow closed up 48 points, or 0.3%, while the S&P gained 0.6% to 1563 and the Nasdaq added 0.
Admin System
Apr 09, 2013
By Peter Switzer, Switzer Super ReportMy colleague Paul Rickard has deconstructed the Treasurer's super proposals which are allegedly targeted at the "fabulously wealthy" but clearly it will affect those with say $700,000 with a 20% return per annum or someone on $1 million making 13% and so on...
Admin System
Apr 09, 2013
Controversial former Prime Minister of Britain, Margaret Thatcher, dies at the age of 87 after a massive stroke.
Apr 09, 2013
Specs of the Samsung Galaxy S4 set for release in Australia in the later part of April are becoming clearer. A statement from the South Korean tech giant confirmed that the much-awaited device would not have a quad-core Exynos 5 Octa processor.
Vittorio Hernandez
Apr 08, 2013
Despite predictions of a flat to moderately lower day on the Australian share market, local stocks received a boost in afternoon trade on the back of gains on Japan's Nikkei Index. The Nikkei rose a further 3% today, after hitting five year highs on Friday, in response to aggressive stimulus announced late last week by the Bank of Japan.
Vittorio Hernandez
Apr 08, 2013
How much will this deficit numbskullery by the Australian government cost investors? That's the question we left off with in yesterday's Daily Reckoning. Today we provide the answer: about 30%, give or take.
Jamelle Agbuis
Apr 08, 2013
If you're going to speculate, you could do worse than speculate on energy. The issue became even more interesting yesterday with Shell's announcement that it would put its Geelong refinery up for sale. The downstream oil and gas business in Australia - refining oil and selling the refined fuels - is an increasingly lousy one.
Jamelle Agbuis
Apr 08, 2013
Well here we go. Japan is once again boldly leading the way into the undiscovered monetary country. Desperate to engineer faster economic growth by any means necessary, new Bank of Japan (BoJ) governor Haruhiko Kuroda announced his attention to double Japan's monetary base to around $3 trillion by the end of 2014.
Jamelle Agbuis
Apr 08, 2013
North Korean threats have not only spread panic because of the political implications of probable military confrontation, but they have also already affected markets.
Jamelle Agbuis
Apr 08, 2013
Newest data by Samsung Electronics Co. showed that the South Korean producer saw its profit climb significantly in the first quarter of the year as sales of mid-tier handsets surged especially in emerging markets. Strong sales of smartphones are expected to be recorded in the period ending June.
Jamelle Agbuis
Apr 08, 2013
A week after the nation was first reported to be suffering from what could be a pandemic, China's stocks have been hit, slumping 10 per cent versus the high posted in February, as the number of infected rose to 21 on Sunday.
Esther Tanquintic-Misa
Apr 08, 2013
Local stocks are flat to slightly firmer at lunchtime in the East, with mining players providing most of the support.
Vittorio Hernandez
Apr 08, 2013
The HTC First phone, the first to feature the Facebook Home launcher, has gotten mixed reviews just days after the device was launched by Facebook founder Mark Zuckerberg on Thursday.
Vittorio Hernandez
Apr 08, 2013
Ahead of its official release in the third or fourth quarter of 2013, images of the BlackBerry Curve were released over the weekend.
Vittorio Hernandez
Apr 08, 2013
Thin is in seems to be the mantra of tablet manufacturers are new models of tablet computers are released on the market.
Vittorio Hernandez
Apr 08, 2013
By Richard (Rick Mills), Ahead of the Herd As a general rule, the most successful man in life is the man who has the best informationInstitutional investors tend to prefer investments that are thought to contain the potential for growth, growth = sprouts.
Admin System
Apr 08, 2013
Apple has delayed the start of construction work for its spaceship-inspired second campus because of the escalating cost. Bloomberg Businessweek reports that the cost has ballooned to $5 billion.
Vittorio Hernandez
Apr 08, 2013
To change the wrong notion that many people have about lovemaking, often caused by first exposure to sex through pornographic movies, a start-up company in New York is attempting to educate the public about what real love making is.
Vittorio Hernandez
Apr 08, 2013
Will the Walt Disney employees who are the people behind the well-loved cartoon characters Mickey Mouse, Minnie Mouse and Donald Duck be joining the ranks of the unemployed?
Vittorio Hernandez
Apr 08, 2013
Almost 10 per cent of 3,500 of 36,000 dining establishments in New South Wales failed the state's hygiene test. Among their violations are preparation of food in dirty kitchens and failure to control the spread of bugs.
Vittorio Hernandez
Apr 08, 2013
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.
Vittorio Hernandez
Apr 05, 2013
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.
Esther Tanquintic-Misa
Apr 05, 2013
Train commuters coming from the northern side of Sydney going into the central district and vice versa have been advised to squeeze in extended time in their travel itineraries after the Newcastle and Central Coast Lines got partially closed due to "urgent overhead wiring repairs."
Esther Tanquintic-Misa
Apr 05, 2013
Local stocks are once again in the red, despite gains on Wall Street overnight and the Nikkei rising more than 4% on open following aggressive stimulus announced yesterday by the Bank of Japan.
Vittorio Hernandez
Apr 05, 2013
One of the world's leading imaging brand, Canon, announced firmware upgrades for three ground-breaking Cinema EOS System cameras - EOS C500, EOS C300, and EOS C100.
Ryan Inoyori
Apr 05, 2013
Facebook founder and Chief Executive Officer Mark Zuckerberg could be facing a $1B in tax bill as he files his 2012 tax return at the IRS this year. The staggering amount result from Zuckerberg’s move to go public in May last year to increase his stake in the world’s first successful social media company.
Apr 05, 2013
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.
Jamelle Agbuis
Apr 05, 2013