BUSINESS

How to Make Money from the 2012 Mayan End-of-the-World Failed Prophecy

Obviously, the world didn't end on Dec 21, 2012. After recovering from all the media frenzy the non-event generated, the question in many people's mind is what's next until the next cuckoo predicts another Doomsday and candles, shelters and miniature Noah's ark become bestsellers again?

Australian Stock Market Report – Afternoon 12/24/2012

The Australian sharemarket continued on its strong run to improve for the 10th time in 12 sessions and is still trading around 18-month highs. The All Ordinaries Index (XAO) edged higher by 0.2 per cent or 10.4 pts to 4645.6. All sectors managed to rise modestly, with the utilities the biggest improvers in percentage terms. The local market will be closed on both Tuesday and Wednesday.

Queensland Airlines Grounded on Safety Concerns

The state of Queensland's Barrier Aviation airline has been grounded by the Civil Aviation Safety Authority (CASA) after the airliner has been found to contain "serious and known defects." Effectively immediately, the suspension will last for five working days.
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Jellybean Smartphones Releases in 2012

In 2011, Ice Cream Sandwich was on high demand by various users with flagship smartphones because of its cool features and performance improvements. Brand manufacturers are coping with demands for requests of updates up to the version 4.0.3.

Samsung Quietly Replacing ‘Bricked’ Galaxy S3s

Samsung is reportedly issuing replacements for faulty units of the bestselling Galaxy S3 following numerous complaints that the bestselling smartphone was experiencing ‘dying out’ episodes some months after owners’ initial use.

Aussies Throw Away $8 Billion Worth of Food Yearly

With the end-of-the-world scenario now over, Australians would likely be able to concentrate on the Christmas and New Year celebrations, which would mean a lot of food preparations. It also means a lot of wasted food. Throughout the year, Aussies waste $8 billion worth of food, said a study by Do Something!, released on Sunday. Based on an estimated volume of four million tonnes of food thrown away yearly, Do Something! founder John Dee reckoned the value of per capita wastage at $1,036.

Daily Forex Forecast 12/24/2012

Last week saw big moves in the Aussie as we reached highs above 1.0570 earlier in the week on hopes a deal would be done early to solve the fiscal cliff, as the week wore on and hopes dropped so too did the risk correlated AUD.

Facebook Starts in the US $1 Trial Run of Paid Messaging System

Facebook, after losing millions in its failed IPO, has started to implement in the United States the $1 trial run of its paid messaging system scheme, where non-friends who want to contact you must pay in order for their messages land in your Inbox folder rather than in the Other folder.

Australian Stock Market Report – Midday 12/21/2012

The Australian sharemarket continues its formidable run, with the All Ordinaries Index (XAO) up by 0.4 per cent or 19.2 pts to 4665.8. This makes it the Aussie market's fourth consecutive session of gains. Volume has been heavy over the past few days due to equity and index options expiry yesterday. Today marks the end of the final full week of trade for 2012. The market will be closing early on Monday and will not trade next Tuesday or Wednesday.

Global Markets Update – 12/21/12

Risk assets reversed losses once again driven by headlines regarding the fiscal cliff negotiations. House Speaker John Boehner's pledge to work with President Obama was enough to help improve sentiment. There were also plenty of positive economic releases in the US including a better-than-expected GDP print and existing home sales data.

Australian Dollar Outlook – 12-21-12

The overnight market focus was all on the US, and its unresolved talks to avert the so-called fiscal cliff which is doing a good job influencing the market at the moment. This has kept risk appetite low and seen to a slight weakening in the AUD.

Australian Stock Market Report – Morning 12/21/2012

The Conference Board leading index eased by 0.2pct as expected. Hurricane Sandy had an influence on the result. US September quarter GDP expanded by 3.1pct, up from the 2.7pct reported last month. US jobless claims rose by 17,000 to 361,000 last week.

Could Japan Save The World In 2013?

By Greg Peel"We think this could be the beginning of a fresh reflation cycle for the global system," BNY Mellon's Simon Derrick told the London Daily Telegraph, "combining with the US recovery to mark a turning point in the crisis".

Australian Dollar Outlook – 12-20-12

The Australian Dollar has dipped back below 1.0500 against the Greenback as a lack of development in US budget negotiations drives markets. The US Dollar firmed as risk sentiment turned negative on what appears to be a stalemate between US President Obama and the House of Representatives.

Global Markets Update – 12/20/12

After having had a strong run in recent sessions, risk assets finally retreated in US trade as cracks appeared in the fiscal cliff negotiations. Equities were firmer in European trade as markets continued to ride on fiscal cliff optimism and on the back of a better-than-expected German Ifo business climate reading.

Australian Stock Market Report – Morning 12/20/2012

US homebuilding permits increased by 3.6pct in November to a seasonally adjusted rate of 899,000 units - the highest level in nearly 4½-years. In contrast housing starts fell 3pct in November but followed three straight months of solid gains.

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