The International Monetary Fund has today cut its growth forecasts for China for this year and next, saying stimulus efforts have so far failed to deliver the expected boost. The downgrade appears to have been factored into local sentiment, with Australian stocks hitting a fresh 14 month high in early trade. The All Ordinaries Index (XAO) is up 17.1pts or 0.4pct to 4519.1pts at lunchtime in the East.
The next Nexus phone will appear this month, produced by LG, CNET reports. This will be the first time Google has teamed up with LG and it should help the latter break into the U.S. market. The phone is expected to be heavily influenced by the LG Optimus G.
Much like the battle in the mobile phone space that resulted in three companies - Nokia (NOK), Motorola (GOOG) and one time mobile phone vendor Ericsson (ERIC) - controlling the industry, the smartphone market is now consolidating around its top players. That means market share loss and margin pressure for others.
Several business groups have spoken against the failure of the big 4 to pass in full to borrowers the 25 basis points cut in overnight cash rate the Reserve Bank of Australia (RBA) made last week. The groups also did not spare the central bank for failing to persuade the lenders to follow its monetary policy.
Business leaders from Australia and Japan urged Canberra not to overlook Tokyo while the Gillard government focuses on the Chinese economy as the world gears for the Asian century.
By Greg PeelThe Dow fell 26 points, or 0.2%, while the S&P fell 0.4% to 1455, with the Nasdaq down 0.8% (Apple down 2.
By Eva BrocklehurstAccording to the latest Russell Investments quarterly survey of Australian investment managers, we should expect a sustainable turnaround in the Australian share market within 12 months.
The Australian sharemarket ended in the red for the first time in eight sessions, with the All Ordinaries Index (XAO) easing by just 0.3 per cent or 11.8 pts to 4502. Keep in mind that last week, shares improved by 2.5 per cent, which was the local market's third best performance this year.
More than half-a-million vehicles have been tagged for global recall by Chrysler and Honda, saying defective parts must be replaced or repaired to avert the occurrence of accidents or fire, reports said.
On Friday the US market closed mixed as the early excitement over the better than expected US jobs report started to dwindle away. The NASDAQ closed in the red as Apple and Zynga shares pulled the index lower. Metal prices lost ground and concern over European growth added to the pain.
Another Nokia Lumia will become exclusive for AT&T in US. The Nokia Lumia 920 will run on Windows Phone 8, Microsoft's upcoming software release for PC.
LG announced the addition of 3D video game platform to its Smart TV app offerings. To be released in the later part of 2012, it features primarily family-friendly games in both 2D and 3D in genres including action/adventure, RPGs, puzzle games, sports, and more. User can browse or search for games as well as purchase and play them through the TV's interface which looks like any app store. Owners can use either the LG Magic Remote or any third party game controller.
Longtime readers of my investment letter, Mayer's Special Situations, are well aware of my affinity for investing alongside insiders.
The stock market will not remain in its current tranquil state. Investors will soon be roused from their blissful trance.
We think it's pretty safe to say that share prices will never go down again. The Bernank, the Drag and the Steve have you covered. They have a simple solution for all the world's ills.
A study for ANZ Bank conducted by Newspoll found that many Australians favour the use of new but difficult to cheat technologies to access their bank accounts. In lieu of plastic cards used to withdraw money from ATMs, they would prefer retina or fingerprint scanning technology.
Those monks from St Dogmael's Abbey understood wealth better than your financial advisor. They lived near the river Teifi in England 1000 years ago. And were faced with two problems. They had to feed a bunch of monks with fish, because that was the only meat they were allowed to eat.
Several major Chinese banks have pulled from annual meetings of the International Monetary Fund (IMF) and World Bank to be held in Tokyo next week, claimed a report by the Wall Street Journal on Tuesday, with the territorial dispute between China and Japan now threatening to spill onto the global arena.
A recent French study demonstrating links between Monsanto's NK603 genetically modified (GM) corn and cancer in rats has been found to be of "insufficient scientific quality" by the European Food Safety Authority (EFSA)
Fundamental Update: NFP breakdownBy Kathleen Brooks, Research Director UK EMEA, FOREX.comThe September labour market data was released on Friday.
Coca Cola Amatil's latest shareholder report has revealed improved trading in the second quarter of 2012, resulting in a 5.6 % growth in net profit to $247.1 Million.
The European Central Bank is being speculated to put a hold on the ECB interest rates as it meets on the 5th of October to provide time for newer details in order to better the conditions of the eurozone economy as Spain asks for aid from them.
The Australian sharemarket improved for the seventh straight day today, rising by 2.5 per cent over the past five sessions alone. This is the longest winning streak in over 18 months and the best weekly performance for local equities since late July. Despite the gains, this has been one of the quieter weeks of the year due to a number of public holidays across Asia Pacific. The Chinese markets have been closed for five days straight but should resume trade next week. The market has also been qui...
Four days after the Reserve Bank of Australia (RBA) reduced by 25 basis points the overnight cash rate to 3.25 per cent, two members of the big four announced rate cuts on Friday.
Three years ago, the best treasurer in the world, Wayne Swan, described the then 3% level of official interest rates as '50-year emergency lows'. Now we're approaching these levels again. Is the long emergency back?
A new book on the late Apple co-founder Steve Jobs is slated for publication on 2013 and will be written by his high school love interest, The New York Times reported on Thursday.
The Australian share market started off slightly stronger again today and by lunchtime the All Ordinaries Index (XAO) had rallied 30points higher to 4,450 points, as the reversal in the US$ oil price overnight and strength in the retail sector boosted stocks. The XAO set to close higher for the seventh straight day.
Samsung Electronics is expected to hit an operating profit of $US6.8 billion for the September 2012 quarter, likely boosting its income by about 77 per cent in the past 12 months ending in the period.
Pitting the Nokia Lumia 920 against Motorola’s Droid RAZR HD will practically lead into a fierce combat, actually a proxy war for two tech giants that have been at each other’s neck for the longest time.
The Australian Dollar opens marginally higher today at 1.0230. The case for Tuesday’s 25 basis point cut to the official cash rate was underpinned after yesterday’s sluggish retail sales data which showed only a modest increase of 0.2 per cent for the month of August.
