BUSINESS

Australian Stock Market Report – Afternoon 11/28/2012

The last 24 hours have been quite revealing in terms of the character of the market. From time to time the market discussion has turned to the matter of how well market sentiment is holding up in the face of US political uncertainty and the fiscal cliff. However this matter has been painted in a different light in the last day.The preceding 24 hours have largely been defined by good news. Common ground has finally been found between the IMF and Eurozone finance ministers in relation to the next ...

People Exposed to Bondi Beach Red Bath Could Be At Risk

When the waters of Bondi Beach turned tomato red on Tuesday morning due to some "algal" infection of the waters, it elicited two types of reactions from the people who witnessed it. One was fear. But the others who were more hard-core adventurous, took a dip into the red waters. Now health authorities are worried those who swam in the infected waters could be at risk.
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The Thanksgiving Gift from the Feds

No group had more to be grateful for this Thanksgiving in America than the few people at the top of the pile. Over the last four decades, their wealth has soared...thanks largely to the feds.

The Red Queen Syndrome

By Richard (Rick) MillsAhead of the HerdAs a general rule, the most successful man in life is the man who has the best informationAll through human evolution we have been harnessing increasingly effective forms of energy.

Microsoft Hauls in 40M New Windows 8 Licences in a Month

Windows 8 is just about to replicate the achievements of its immediate predecessor as Microsoft disclosed on Tuesday that around 40 million licenses of the new operating system have been sold a month after it was rolled out.

Canadian Mark Carney to Guide Bank of England Toward Better Days

It was made public that Mark Carney, the governor of the Bank of Canada, had been designated as the new governor of the Bank of England. It is a surprising move, yet Britain decided to reach for a foreigner as it struggles with its troubled financial system, which certainly needs to be reformed.

Shares of Renesas Grow Owing to the Approval of a Bailout

Japan's Renesas Electronics Corp. saw a marked growth in its shares following an authorization of a bailout worth approximately $2.4 billion which is led by the Government. The shares of Renesas, a chip making company of Japan, rose above 6 percent after the finalization of the $2.4 billion bailout.

Australian Dollar Outlook - 28 November 2012

Bell FX Currency Outlook: The Australian Dollar is steady, after markets in the US and Europe cautiously welcomed a bailout deal reached by the ECB/EU/IMF, on Greek loans and some better-than-expected US economic data.

Nov 30 Release in UK for Ultra Thin 21.5-Inch iMac

On the last day of November, iMac 21.5-inch will go on sale in the United Kingdom. Apple announced on Tuesday that the ultra thin 21.5-inch iMac will be available in stores and online shop by Friday. For the larger version, which is the 27-inch iMac, techies would have to wait until December for delivery but could pre-order it also on Nov 30.

Australian Stock Market Report – Afternoon 11/27/2012

A more constructive tone was in place for local stocks on Tuesday, reflecting the general atmospherics for regional indices. Most stock indices throughout the region ended higher. The Shanghai index was conspicuous for its weaker finish, ending below the 2000 mark.Market participants remain wary of the technical picture around the Chinese index and the difficulty it's having consolidating at an important support level.

Mortgage Choice CEO Sheds Light on Commission Details

In response to a weekend news article that claimed mortgage brokers fail to adequately disclose to customers the commissions they receive from lenders, Mortgage Choice CEO Michael Russell, one of Australia's largest independently-operated firms, seeks to set the record straight.

Nintendo Points to 400,000 First-Week U.S. Sales for Wii U

Will Nintendo’s Wii U fuel the recovery of the limping game console business? While the Japanese game maker would not want to claim that distinction, it reported on Monday that the new product is off to a respectable start – selling 400,000 units in a week’s time.

Asha 311, Asha 205 Keep the Cash Flowing for Nokia

Asha is the reason Nokia remains profitable and recent additions to the series somewhat weaved a clear picture why the handsets, mostly powered by Nokia’s antiquated S40 Symbian platform, were snapped up by close to seven million global consumers as of September 2012.

Furious Negotiations Continue for Resolving of the Fiscal Cliff

According to the latest reports, there are inspiring signs that depict a Republican inflexibility on the easing of taxes. This is the second time in a matter of days that a Republican, Lindsey Graham the Senator, has aimed towards violating on the pledge of never raising the taxes.

Thanksgiving Weekend Sees Holiday Shopping Rise 10%

Thanksgiving traditions have been evolving, adding to the list of usual activities one more thing namely Thanksgiving shopping. Retailers know how to take use of the needs and trends therefore they decided to open the holiday shopping season on Thanksgiving.

Australian Stock Market Report – Midday 11/27/2012

Despite a flat start, local stocks are rallying at lunchtime in the East on reports Eurozone Finance Ministers have agreed to a voluntary buyback of Greek debt. Sources familiar with the situation say it would involve private equity investors taking a haircut, to receive 35c for every Euro of Greek bonds they hold.

Bidding War Erupts over Aston Martin Takeover

Aston Martin, the luxury car brand, is entangled in the middle of a global Indian-Italian Aston Martin bidding war regarding the takeover of Aston Martin Company, after Mahindra, the motors group from India, trumped a major bid from Italy for almost half of the luxury car manufacturer based in Britain.

Swiss Economy Most Competitive in the World

The economies of the world’s nations are ranked by the World Economic Forum (WEF) in terms of how competitive they are, releasing the results in a yearly Global Competitiveness Report.

Samsung Unwraps Dual-SIM Galaxy Note 2 for China

Samsung’s Galaxy Note 2 has become immensely popular, especially in China, that its maker caved in to demands voiced out by Chinese consumers – a dual-SIM version of the world’s first commercially successful smartphone-tablet hybrid.

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