BUSINESS

Zuckerberg Belies Facebook Smartphone Rumours

It is a search function in a beta mode that would allow members to search information posted by their friends, not a smartphone. Facebook Chief Executive Officer Mark Zuckerberg's announcement on Tuesday at the company's headquarters dashed weeks of rumours that the most popular social media company would soon roll out a mobile device.

Miner Rio Tinto to Expand Iron Ore Production on Growing China’s Demand

Rio Tinto PLC, the world's second largest mining company, informed that it would expand iron ore production by approximately 15 percent as it saw its 2012 output grow to about 253 million tons, topping its earlier forecast. The strong results were pushed mainly by the revival in China's demand for iron ore.
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Overexposed to the Curse of Once-Off Economic Growth

The good thing about digging holes is that you can fill them back up again. You get two bursts of economic activity from the one project. Heck, you could employ two people to do the job instead of just one. A hole digger and a hole filler.

China’s GDP: Still Making Up the Numbers

Well here we go. Let the countdown begin. China's fourth quarter GDP numbers come out on Friday. We reckon most of the run up in the All Ords to 4751 has been in anticipation of good news. If form holds, stocks will trade down once the news is in.

Australian Stock Market Report – Midday 1/15/2013

The Australian sharemarket is off to a positive start for the second consecutive session, with the All Ordinaries Index (XAO) up 0.2 per cent or 8.1 pts to 4753.8. Global markets overnight ended mostly higher, with the Dow up 0.14 per cent, while shares in Germany and France also improved modestly.

Five Common Apps for Android, iOS

There are hundreds of thousands of application that can be downloaded from Google Play and iTunes for their respective devices. Before, most of these applications are exclusive to either Android or iOS, but now, developers have optimised their applications to make them usable to both OS platforms, increasing their target market users.

Uranium And A Slow Road To Recovery

By Andrew NelsonAs the old curse goes; may you live in interesting times. And for the uranium market, last year contained surely some interesting times.

6 Provocative Financial Predictions for 2013 and Beyond

Someday, someone will fund an academic study identifying the crevice in the human brain that craves year-end predictions for the coming 12 months. Wherever it resides, it is undeniably strong and far more prevalent among the populace than the craving for news about, say, the 'fiscal cliff' or the New York Jets' quarterback saga.

iPhone Fever Cools Down

iPhone's steady hold on the smartphone market is growing weaker as months go by in the never-ending battle against Android mobile devices. The signs of weakness begin to show as Apple cut the orders of screens and other components by 50 per cent.

A Sing in the Top of the Aussie Dollar

Jacob Lew has been nominated to be the next Treasury Secretary of the United States. Mr Lew is an Obama Administration loyalist and insider, and is committed to the President's strategy of taxing his way out of America's $16.4 trillion deficit.

China Relies More on Domestic Supply Due to Higher Prices of Iron Ore

While Australian miners are happy with the strengthening of iron ore prices in the global market, their glee may be short lived. Reports said that in response to iron ore price rising to $158.50 a tonne from a low of $86 in 2012 has prompted Chinese steelmakers to prefer domestic supplies.

Rudi's View: Books I Read In 2012

By Rudi Filapek-Vandyck, Editor FNArenaA few years ago I spent my December holidays traveling through Zimbabwe, to study a widely unknown economy recovering from a decade of hyperinflation.

Australian Stock Market Report – Afternoon 1/14/2013

Local stocks edged higher in a session that delivered few insights, although the overarching tone for markets appears reasonably constructive. At face value it appears as though the main risk would be skewed towards investors being underweight (local) stocks as prices grind higher. This view will be put to the test later in the week with several key data releases locally and elsewhere, in addition to the 2nd week of the US reporting season and a Bernanke speech, all of which could have a durable...

Australia Cycling: Stricter Anti-Doping Testings Now Compulsory

An independent review that looked into cycling in Australia has urged to its governing body to implement stricter anti-doping testings in the wake of scandals that marred the sector in 2012, also relatively linked to those of U.S. cyclist rider Lance Armstrong.

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.

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