BUSINESS

Australian Stock Market Report – Afternoon 3-22-13

The Australian sharemarket managed to improve modestly for the first time this week, with the All Ordinaries Index (XAO) rising by just 0.1 per cent. Despite the gains, local shares slumped by 2.9 per cent over the past five sessions. Weakness from the miners continues to be a drag on trade, with iron ore prices slumping by around 15 per cent in just a month. The moves by BHP Billiton, Rio Tinto and Fortescue are quite closely correlated to iron ore price moves in general.

Jobs Lost Because of Apps

As the world shifts more toward a global economy, information technology plays a bigger role in making things easier for people, from communicating with people on the other continents to more complex tasks such as preparing reports.
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Your Editor On Twitter

By Rudi Filapek-Vandyck, Editor FNArenaI joined Twitter. Not because I am curious what this celebrity has to say about her kids, or to read that another one is waiting for a connecting flight, impatiently.

Blame The Federal Reserve, not the Human Heart

Americans today live like there's no tomorrow. You can see this in the data regarding retirement. People behave like they will never retire, and the prophecy is self-fulfilling. Under these conditions, they won't.

China Manufacturing Slowely Rebounds in March after Feb’s Plunge

Newest preliminary data showed that China's manufacturing rebounded moderately in March after the world's second economy saw its factory activity slump in February due to the timing of the Lunar New Year holiday. The findings were welcomed with a relief as an increase in a key gauge might mean that the China's economy is after all on the road of recovery. Certainly, all this will help new Premier Li Keqiang to make the China's economy stand on its feet.

Strong Housing Market in Chile

Property prices are rising quite strongly in Santiago, Chile's capital. The average "real" price of a new house in Greater Santiago rose by around 9% y-o-y to January 2013, according to the Chilean Chamber of Construction (CChC).

The Global Recovery Is Really Underway

-The US to drive the global recovery- Europe to improve- China to firm- Italy not that big a riskBy Andrew NelsonThe global economy is finally on the road to full recovery, with positive conditions only accelerating over the years ahead.

Australian Stock Market Report – Afternoon 3-21-13

Despite creeping into positive territory at times, the Australian market fell once again, with the All Ordinaries Index slipping 0.1 per cent to 4976.8. So far, this has been the biggest weekly pullback for the local market in 10 months, when the All Ords lost 5.62 per cent in just five days.

Drama in Europe’s Economy: Savers ‘Suffer for Cyprus’

Back in the bad old days of 2009 it was like Stalingrad every day. Trapped capital was encircled by wealth-destroying news events. Money that could still walk fled to the core of the global financial system.

A Weak Signal for the Iron Ore Market

The market may be 'primed' for a fall from a technical or charting perspective, but yesterday's move was, not surprisingly, driven by central banks. Although this time Ben Bernanke wasn't involved...not directly anyway.

Due for an Aussie dollar/Japanese Yen Pullback

It's going to be an incredibly interesting week in Australia. The same 'periphery to the core' dynamic could apply here, internally. That is, you could see even more money move into high-yielding bank stocks and out of the riskier corners of the market. This would confirm recent trends.

Volkswagen is Ready to Recall Cars in China

On the 20th of March, Volkswagen AG informed that it would recall nearly 385,000 in China, its biggest market, to fix gearbox problems. Everything indicates that the recall will start in April. Certainly, the recall will be a harsh blow for the company as the whole operation may cost it over $600 million.

New Google Play 4.0 Version Leak [Video]

Google's next version of the Play Store has been revealed on Droid Life, and a hands-on video demonstrates the tweaked look and deeper integration of the Holo-theme. Most of the layout is still same, many new pages are blank in this new look and it's easier to switch between searching for apps, music, books and videos.

YouTube Logs 1 Billion Unique Users Monthly

There are now more than 1 billion unique users monthly for the video sharing site YouTube. That means 50 per cent of people who are on the Internet visits YouTube.

Drug Giant AstraZeneca to Slash 1,600 Jobs

AstraZeneca PLC, the global pharmaceutical giant and the UK's second biggest drug company, informed that it planned to restructure itself by introducing downsizing program and reorganizing its global research and development operations.

India Cuts Interest Rates as it Aims to Boost Growth

Not surprisingly, the Reserve Bank of India has decided to cut interest rates for the second time since the beginning of 2013. The cut in interest rates is aimed at boosting growth and reviving investment in the former "Jewel in the Crown." However, the Reserve Bank of India underlined that other easing monetary measures would be difficult to introduce.

China Sees Home Prices Climb in February

Newest data showed that China witnessed an increase in new home prices in 66 of 70 Chinese major cities in February, raising concerns over the prospects of economic growth. Unquestionably, the new leadership will have to face all challenges caused by increases in new home prices and real estate speculation.

BBC Worldwide is to Get Rid of Lonely Planet for £50m

At last, BBC Worldwide, the entertainment company, informed that after all it sold its Lonely Planet to NC2 Media for slightly over £50 million. Fortunately for Lonely Planet, it is now in hands of US-based NC2 Media which has plans what to do with it and how to run it to make it even more successful.

Sharp Informs About Delay in Qualcomm Investment

Sharp Corp., well known Japan's electronics maker, informed that a second investment from US chipmaker Qualcomm Inc. encountered some difficulties and therefore it was delayed. The delay in Qualcomm investment in Sharp was mainly driven by the inability of meeting terms of the original accord. Certainly, the setback will have an impact on Sharp Corp. which has been struggling to restore its balance sheet.

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