BUSINESS

IMF Approves €839m Loan for Portugal

The International Monetary Fund informed that it approved the next loan tranche of approximately €839 million for Portugal under the country's €78 billion international bailout.

Rio Tinto CEO Albanese Steps Down After $14bn Write-down

On the 17th of January, Rio Tinto Plc, the world's second largest mining company, informed that its chief executive officer Tom Albanese would resign because of a $14 billion write-down on the value of assets which he supervised. The impairment charge is mainly associated with the $38 billion takeover of Alcan Inc. and the $4 billion coal purchase in Mozambique.

China Sees its Annual FDI Drop First Time in 3 Years

China's foreign direct investment decreased roughly 3.7 percent in 2012 from 2011. It is a first fall in China's annual FDI since 2009, according to the official figures. China saw its 2012 FDI drop as investors either had not been so keen on investing in emerging markets due to current economic conditions or had been choosing to transfer their businesses to markets with cheaper workforce.

China’s Businesses to Sponsor Manchester United

Manchester United Plc inked two sponsorship deals with China's businesses, namely, China Construction Bank Corp. and Wahaha Group Co. As it has been underlined, both sponsorship deals are "territory specific" as 19-time English soccer champion Manchester United wants to benefit from its status in Asia.
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Debt Doesn't Worry Me... Yet

By Peter Switzer, Switzer Super Report17 January, 2013I received a great question from a subscriber, Bill, who, as an old Chartered Accountant, can't ignore the indebtedness of the US government.

Novo 7: Nexus 7’s Clone

It's usual for Apple devices such as smartphone and tablets to be cloned by Android-based ones, but this new China-made tablet was probably inspired by Asus and Google-made Nexus 7.

Qantas, Emirates Alliance Finally Lifts Off

The much touted Qantas and Emirates alliance will now finally lift off after the Australian Competition and Consumer Commission (ACCC) on Thursday gave the two airline companies the awaited interim approval for its partnership.

TripAdvisor Names Best Hotels in Australia

With Australia Day just a week and a few days away from now, some of you might be considering packing up your bags to spend the long weekend with your family, friends and loved ones. In so doing, you may want to consider some local hotels which TripAdvisor named as the best in all over Australia.

Australian Stock Market Report – Midday 1/17/2013

Despite the release of some disappointing employment numbers this morning, the Australian sharemarket is improving for the third time this week, with the All Ordinaries Index (XAO) up by 0.7 per cent or 34.1 pts to 4799.1. Most sectors are trading higher, with the exception of the telcos which are slipping modestly.

GroupVox: Push-to-Talk Service for Facebook

Push-to-talk (PTT) service is similar to a walkie-talkie with radio devices and usually has a limited range. In mobile devices, PTT can have unlimited range using an Internet connection and individuals conversing can be from both ends of the world. GroupVox developed their PTT service app which allows Facebook users to send text messages to one another and voice messages similar to a walkie-talkie.

Sell Gold, Buy Timber

by Carl Delfeld, Investment U Senior AnalystThursday, January 10, 2013: Issue #1945No question, gold has had a nice run.

Top 4 Tablets Under $200

Tablet devices may take over the existence of laptop computers in the future due to its great potential on delivering mobility, functionality, and battery life. Unlike laptops and netbooks, tablet devices are light and usually thin with capabilities to make office documents and presentations, multimedia functions, and have loads of applications.

Samsung, AT&T Dispatches OTA JellyBean 4.1.1 for Galaxy S3

Samsung and AT&T finally released over-the-air (OTA) the JellyBean 4.1.1 update for the Galaxy S3, which delivers exciting new features to the hugely popular smartphone courtesy of the smooth platform collaboration between Android and TouchWiz.

Australian Stock Market Report – Afternoon 1/16/2013

The Australian sharemarket managed to improve for the second time this week today, with the All Ordinaries Index (XAO) up 0.5 per cent or 22 pts to 4765.0. Today was the busiest day on the market in terms of volume so far this year; with $4.12 billion worth of shares exchanging hands.

Review: Todoist App for Better Project Management

The company Doist developed a productivity app called Todoist which is available on a mobile device, desktop, browser, Gmail, and many more. Now used by over 450,000 people, the app was named top mobile application by The Guardian and cited by The Next Web as among the 35 best productivity apps for 2013.

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