Were you watching the markets yesterday, Fellow Reckoner? Well, you might have saved yourself the time. Stocks were flat. Oil and gold both rose, but each by less than half a percent. A virtually uninterrupted snoozefest, in other words.
In order to exercise control over the population, governments throughout history have made people dependent on government largess. A government can make an increasing number of people dependent on its generosity by providing more and more benefits to a larger and larger share of the population.
The tech world constantly produces winners and losers with some twists. The dominant forces of yesteryears now found themselves struggling and barely surviving, which analysts said is the current state of Sony.
News reports have indicated that people lining up for the refreshed regular iPad and the iPad Mini were not as spectacular as the iPhone 5 queues, but Apple reported on Monday that it already sold three million units of all versions of the slate in the first 72 hours of its availability.
Local investors are hedging their bets today, ahead of arguably one of the busiest days of the year. At 3.15pm AEDT the "race that stops the nation" will see millions of Australians leave their desks to watch the Melbourne Cup, while tonight in the US, the hotly contested 2012 Presidential Election gets underway. Also of significance to market watchers, is this afternoon's interest rate decision at 2.30pm AEDT. Money markets are now factoring in just a 47pct chance that rates will be cu...
Lately he is all over the world and Microsoft big boss Steve Ballmer is a firm believer of the products he sells, which for now hovers only on one ‘powerful’ computing system – the freshly rolled out Windows 8.
Former French Prime Minister Francois Fillon has warned President Francois Hollande to rein in his "clumsy" attacks on German Chancellor Angela Merkel.
By Greg PeelDespite a widely held belief of commodities analysts that the global demand-supply balance for uranium into the medium term points to higher prices, spot uranium has continued to slide away on lack of genuine buying interest, dragging medium and longer term price indicators down with it.
By Andrew Nelson in FloridaThe US presidential election is only a day away and in two days we'll probably know who the winner is.
Africans are making a bid to be a major hub of mobile gaming. With more than 700 million mobile broadband subscribers in the entire continent, a growing number of young entrepreneurs are going digital and creating innovative and interactive content in their own home market.
Although Karachi authorities assured the Pakistani importer of 21,000 Australian sheep that the animals suspected to be sick would be culled following international standard in exchange for withdrawing a court challenge, evidence indicates otherwise.
By Greg PeelThe Dow closed up 19 points or 0.2% while the S&P gained 0.2% to 1417 and the Nasdaq added 0.
Experts believe that the Reserve Bank of Australia (RBA) will retain the current 3.25 per cent overnight cash rate when the central bank's monetary committee meets on Melbourne Cup Day on Tuesday, Nov 6.
By Greg Peel"At today's meeting, with prices data slightly higher than expected and recent information on the world economy slightly more positive, the Board judged that the stance of monetary policy was appropriate for the time being.
Local telco subscribers were being ripped off on current data plans offered by the country’s three major players, the Australian Communications Consumer Action Network (ACCAN) said on Monday.
Local stocks received a boost in the afternoon session, after a volatile day which saw the main index see-saw between positive and negative territory. By close, the All Ordinaries Index (XAO) was firmer by 10.3pts or 0.2pct to 4493.6.
Apple, the world’s most valuable company, closed its fiscal 2012 with a whopping net income of $US41.7 billion, a jump of 61 per cent from the $US25.9 billion that the tech giant had netted in the previous year.
The Australian sharemarket is off to a negative start, with the All Ordinaries Index (XAO) down 0.2 per cent or 10.6 pts to 4472.7. Almost all sectors are in the red; however the defensive telcos are up modestly. Telstra (TLS), the sixth biggest company on the local market is up 0.12 per cent or 0.5 cent to $4.09.
More than 30 million hands are fiddling with the Samsung Galaxy S3 at the moment, the South Korean tech giant reported over the weekend, supporting latest data from research firm IDC that showed Samsung once again reigns supreme in the global smartphone arena.
Another teardown of the new iPad Mini revealed that Apple’s Bill of Materials (BOM) for the compact tablet amounted only to $US188, affirming the tech giant’s intent to pocket as much profit as possible from the gadgets it rolls out.
- Spanish economic forecasts ambitious- Bail-out looming- Italian economic forecasts unrealistic- Bail-out also on the cardsBy Greg PeelTonight and next week, in a two-step process, the Greek parliament will vote to ratify the Samaras government's new, tighter fiscal measures and the proposed 2...
Domain has launched Domain Chinese today, the first property magazine for the Sydney Chinese community that not only features listings, but also editorial content as well as statistics and tools for the property investor.
A news application is on sale at Top Nine in Apple Store. Nick D'Aloisio, a 17-year-old Londoner has launched this news application called Summly for iOS users. He has so far received more than $1 million in funding from investors.
The perception of China's economic problems have changed. But they're still stuck with the same problems they had a few months ago. That is, the need to rebalance a historically imbalanced economy.
Yesterday, the Australian stock market fell nearly 60 points - or 1.3% - on heavy volume. It was the steepest one day fall in...we don't know, but its seems like a while. There was no real catalyst for the sharp decline.
The federal government of Australia will launch this November the National Digital Economy Strategy which aims to double the number of Australians who telework to 12 per cent by 2020. The roll out is part of the country's observance of Telework Week from Nov 12 to 16.
Kim Dotcom announced on Friday plans for Mega, a service which will replace the file-sharing site MegaUpload.
The decision of Pentagon or the U.S. Defense Department last week to seek new contracts for its mobile phone needs brings to focus software security. Pentagon has a current contract with Research in Motion, the maker of the BlackBerry, but expressed openness to try other units such as those of iPhone and Androids.
Dwindling sales of locally built car models plus a high Australian dollar have forced auto maker Holden to slash 170 positions from its Elizabeth, South Australia manufacturing factory.
Despite a positive start, local stocks ended Friday's session only modestly higher, as investors pared back ahead of a key US jobs report being released tonight and next week's local interest rate decision. After hitting 4507 points in early trade, the All Ordinaries Index (XAO) finished the session only 3.4pts higher at 4483.3, a gain of 0.1pct. Over the course of the trading week, the XAO lost 0.3pct during extraordinary circumstances where Hurricane Sandy caused the New York Stock Excha...
