The Overnight Report: Nine Days Straight
By Greg PeelThe Dow closed up 5 points, while the S&P gained 0.1% to 1554 (still 11 points shy) and the Nasdaq added 0.
Australian Businesses Predict More Aussie Dollar Strength
- Aussie resilient despite stronger greenback- Importers/exporters expecting further AUD strength- Investment and hedging plans adjusted accordinglyBy Greg PeelThe US dollar index has rallied 5.
Australian Stock Market Report – Afternoon 3-13-13
The Australian share market eased for a second session today, as big falls from the big four banks dragged on the local bourse.
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.
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BHP Firmly Rejects China’s Allegations of Iron Ore Manipulation
On the 7th of March, BHP Billiton Ltd. firmly rejected China's allegations of iron ore manipulation aimed at driving prices up, underlining that it would improve its transparency in trade with the world's second economy. China, which is the world's biggest consumer of iron ore, is convinced that three iron ore miners manipulated the market, thereby pushing prices up.
Galaxy S3 Update: Samsung Revamps Outgoing Flagship, Offers S3 Mini for Free in UK
Samsung is repackaging its Galaxy S3 while giving significant discounts for its smaller sibling, the Galaxy S3 Mini, apparently to spice up interest for the gadgets as refresh of the Galaxy S series is set to arrive this week.
Lloyds Bank Sells 20% Stake in St. James Place
On the 12th of March Lloyds Banking Group PLC informed that it has decided to sell 20 percent of its stake in the wealth management firm St. James Place PLC in order to uphold its capital reserves. The bank is expected to reap a profit of approximately £520 million from the stake sale.
Verizon to Rollout Nokia Lumia 928 on April – Report
Nokia’s Lumia 928 is reportedly gearing up for a U.S. release on April 2013 and the new handset is exclusive for a Verizon distribution.
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.
BOJ keeps monetary policy unchanged in anticipation of new leadership
On the 7th of March, the Bank of Japan informed that it decided to keep monetary policy intact, yet the central bank upgraded assessments of the country's economy.
New iPhone 6 Concepts Show off 3 Handset Variants with 2 Home Buttons on the Side
Apple iPhone 6 remains a mystery despite analysts’ projections that the handset will be a reality by Q1 2014. But for designer Peter Zigich, the smartphone will definitely come and there will be three variants.
Australian Stock Market Report – Midday 3-13-13
The Australian sharemarket has kicked off hump day in subdued fashion, with the All Ordinaries Index (XAO) down by just 0.2 per cent or 9.2 pts to 5119.5.
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.
BlackBerry News: Another Touch Screen Handset and a Lenovo Takeover on the Way?
Sprint may be looking at a modified Z10 for release while Lenovo is speculating a takeover of the BlackBerry company.
Lean, Mean, Mining Machines
By Greg PeelIn the process of open cut mining, as opposed to underground mining, "stripping costs" are incurred.
Android 5.0 Key Lime Pie: Important Features and Upcoming Devices to Run It (Videos)
May 2013 is the expected release date of the new Android 5.0 or Key Lime Pie. The launch of the new OS version will take place at Google I/O on the same month. It is also the day when the first set of devices to run the new OS version from Motorola, ASUS, Samsung, and ZTE would roll out.
Galaxy Note 3 Launch Delayed Further? Samsung to Ditch AMOLED for Sharp’s IGZO LCD
It appears that Galaxy Note 3 fans will have to bear more waiting time as a new report suggests that Samsung will use an LCD display panel for the upcoming phablet instead of the usual AMOLED.
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.
Rinehart Family Feud: Hope Withdraws from Court Case John Secretly Seeks Payment to Drop Lawsuit
The family court feud that Australians are following like soap operas because of the huge money involved has a new twist. It seems the battle has suddenly turned lopsided in favour of the family matriarch who at one point was sued by her three adult children for their fair share of the family wealth.
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 (*).
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.
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.
Budget iPhone Will Spark Price War between Apple, Android Device Makers – Analyst
Introducing the budget iPhone this year is a crucial Apple move, likely creating an overall positive impact on the tech giant’s global presence, notably in the emerging markets, a new report said.
Australian Stock Market Report – Midday 3-12-13
The local share market is trading slightly lower at lunchtime in the East, despite a positive start and another record high on Wall Street overnight.
Motorola X-Phone: Fresh Leaked Specs for Suggest it Gets Key Lime Pie First?
The Motorola X-Phone project is fast shaping up and new reports indicated that power indeed is packed with ‘The Other’ Google signature handset and will flash a body profile that is lighter and thinner than the Droid RAZR Maxx HD.
New Samsung Patents Suggest 3D, Panoramic Imaging Cam Features for Galaxy Note 3, Galaxy S4
New patent filings by Samsung pointed to the likelihood that phone camera to debut with the Galaxy S4 and Galaxy Note 3 is more advanced than expected – capable of 3D video recording and ‘panoramic imaging’, a new report said.
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.
NFC and Fingerprint Sensor: 2 Confirmed Features of Apple’s iPhone 5S?
It could be that wireless charging will skip out the upcoming iPhone 5S but two new powerful features will come rolling out with the Apple smartphone by mid-year, new reports said.
Hancock Coal, Aurizon Ink Deal to Jointly Build Port, Rail Facilities in Galilee Basin
Hancock Coal and rail freight company Aurizon inked an agreement for the joint development of new rail and port facilities in Galilee Basin. The project is estimated to cost $6 million.
Samsung Galaxy Note 2 Deals: AT&T Sells the Android Phablet for 99 Cents
Now is the sweet time to own Samsung’s Galaxy Note 2, which U.S. telco AT&T now sells for only $US.0.99 with a two-year contract.
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.
The Overnight Report: Focus Now On S&P 500
By Greg PeelThe Dow closed up 50 points, or 0.4%, while the S&P gained 0.3% to 1556 and the Nasdaq added 0.
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.
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.
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