BUSINESS

Troubled UK Construction Sector Contracts in January

The troubled UK construction sector contracted again in January, according to the newest figures. However, construction companies showed a little bit more confidence as they employed new workers for the first time in four months.

Anglo American Platinum Posts $715m Loss on 2012 Labor Strikes

Anglo American Platinum Ltd., the world biggest producer of the metal controlled by Anglo American PLC, informed that it saw an operating loss of approximately $715 million in 2012 as its production was affected by violent labor strikes in South Africa.

China Sees its Services PMI Grow to 56.2 in January

According to official data, China's services PMI in January jumped to 56.2. Certainly, the improvement was driven by retailing and construction segments which bolstered and boosted government's efforts to get the China's economy back on track. The services PMI for January is another sign that the China's economy is indeed recovering from a slowdown.

Australian Stock Market Report – Afternoon 2/4/2013

A flurry of buying for local stocks at the beginning of the session failed to translate to anything more substantial on Monday. By the close of trade the market was close to the lows of the session. The main factor at play was the lack of a catalyst as the market traverses the region around the 5000 market. The ASX200 opened at 4927.2, traded at a high of 4951.3, made a low of 4907.5 which was where the index closed.
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Samsung Galaxy S3 Hack in 10 Minutes for Wireless Charging

The upcoming Galaxy S4 is rumoured to sport wireless charging capability but those who can hardly wait for the next Samsung flagship smartphone launch and happen to own the million-selling Galaxy S3 can actually enjoy this feature in advance.

Australian Stock Market Report – Midday 2/4/2013

The Australian sharemarket has kicked off the week a touch higher, with the All Ordinaries Index (XAO) up just 0.1 per cent or 3.1 pts to 4945. Global markets rose impressively on Friday, partly thanks to a healthy jobs report out of North America. There were 157,000 jobs created in January, while previous monthly reports were upgraded which was also seen as a positive.

Tubbataha Reef Damage to be Compensated -- US Embassy in Manila

The United States Embassy in Manila said the U.S. government has vowed to extend the 'appropriate compensation' to the Tubbataha Reef that was damaged when its mine countermeasure ship USS Guardian ran aground on the precious World Heritage site on January 17.

US Saw Strong Car Sales in January

After optimistic results noted in 2012, the beginning of 2013 is also comforting for automakers as new car sales in the US increased sharply in January.

China’s Geely Acquires Taxi Maker Manganese Bronze

After all, there are happy endings... Chinese car manufacturer Zhejiang Geely Holding Group Co. informed that it acquired legendary cab maker Manganese Bronze for approximately £11 million. The producer of London's black taxis run into financial difficulties and entered administration in 2012. It seems that Manganese Bronze's legend will be restored at last.

Production Report Makes Independence's Day

- Independence Group increases production & grades- Reduces costs- Exploration potential- Two brokers upgrade to BuyBy Greg PeelIf commodities analysts had to pick one metal/mineral offering little in the way of enthusiastic price upside in 2013 it would likely be nickel.

Advertising Shifts Substantially Into New Media

-Advertising spending to improve-But mostly in new media-Publishers face strong headwinds-TV advertising to reboundBy Eva BrocklehurstTraditional media is on a downhill road, advertising spending is choppy, debt levels are high.

Australian Stock Market Report – Afternoon 2/1/2013

The positive atmosphere around the local stock market has continued to build at the end of the week. In the last 2 days there have been a number of setbacks, yet the upward momentum of the index has prevailed.

Australians Hunt for More Wi-fi Hotspots

A new research of Australia's data usage habits has found that Aussies have been venturing more towards wi-fi hotspots in increasing numbers, which is not surprising since the same study likewise revealed that half of all Australian adults now already own a smartphone. That Aussies will clamor for more free wi-fi hotspots to support their rapid mobile requirements is just a matter of time, so to speak.

Nexus 4 Australia: Aussies Might Go for the $496 Deal

Nexus 4 is gone again in Australia after only days of being available. Both the 8GB and 16GB variants of the Google flagship smartphone has just returned to Google Play site, but now buyers are doused with cold water again.

Tubbataha Reef Tweets of Donald Trump Son: Sordid or Gutsy?

It seems that comparing the price of a US minesweeper and a marine sanctuary is never a good way to earn public appeal as Filipino netizens take on Twitter in response to Donald Trump Jr., reports Inquirer.net.

Australian Stock Market Report – Midday 2/1/2013

Following on from a quick pullback yesterday, the local market is improving for the 11th time in 12 trading sessions. The All Ordinaries Index (XAO) is up 0.7 per cent or 36.6 pts to 4937.6. The market is anticipating economic news out of China between 12pm (AEDT) and 12.45pm (AEDT) which could drive markets this afternoon.

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.

Imperial Tobacco’s Mood Spoiled by Black Market Sales

On the 30th of January, Imperial Tobacco Group Plc. informed that the first-half profit would decline because of black market sales and the deepening crisis in Europe. Along with the announcement on the half-year profit outlook, the Europe's second-biggest tobacco company revealed that Robert Dyrbus had resigned from his position.

Shell’s Q4 Profits Rise, But Miss Estimates

On the 31st of January, Royal Dutch Shell PLC informed that it saw a 13 percent jump in profit for the fourth quarter. As it was underlined by the Europe's biggest energy company, increased costs in both exploration and output were balanced by high refining margins. However the profit for the final fiscal quarter did not meet with analysts' estimates due to weaker prices in North America.

Stocks Are Up. Great! What's Next?

By Peter Switzer, Switzer Super ReportThere's no more appropriate time for a market review and outlook statement for the month ahead.

Time To Cotton On

By Jonathan BarrattCotton has had a really turbulent time over of the last 24 months and so have the producers who at some stage have been producing the commodity at a loss.

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