BUSINESS

Australian Stock Market Report – Afternoon 12/4/2012

The ASX200 attempted a rally in the first half hour of trade although the move faded quickly and the index lost ground over the remainder of the session. The weaker economic pulse from the US in addition to the war of words between politicians in relation to the fiscal cliff allowed sellers to get traction over regional indices, the majority of which ended in negative territory at the conclusion of the regional session.
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Google Says Nexus 4 Will Not Ship Until After Christmas 2012

It’s official, many more lusting after the Nexus 4 will never get their hands on the Google handset this December, which the internet giant said is sold out for the holidays and will not ship until January, at the earliest, next year.

3 New Browsers for Smartphone Devices

In November, Google Chrome surpassed 1 per cent of web usage in smartphones and tablets. The market increase is from Android users so far, although the Chrome has been released to iOS in June, it only accounted for 0.01 per cent in the same month.

Germany may soon Write-Off Greek Debt as it Softens Stance

German Chancellor Angela Merkel, for the first time on Sunday, hinted that her government may ultimately accept a write-off of Greek debt in the future; but stated that Athens first had to fulfil their fiscal targets, including posting a budget surplus by 2014/2015.

Nokia Lumia 920 Sells Briskly but Struggles to Meet Solid Demands

Supply of Nokia’s Lumia 920 was getting scarce in the past few weeks due mainly to solid demands and apparently the Finnish mobile phone maker was caught off guard by the overwhelming reception generated by its new flagship smartphone.

Oz Business To Step Warily Into 2013

By Greg PeelDunn & Bradstreet has today released the findings of its September quarter survey of Australian business executives.

Analysts Forecast RBA Would Cut Overnight Cash Rate to 3%

Analysts agree that the Reserve Bank of Australia (RBA) would cut on its Tuesday, Dec 4, policy board meeting the overnight cash rate by 25 basis points to 3 per cent. The move would bring down the key lending rate to a three-and-a-half-year low or the same level in April 2009, the height of the global financial crisis.

Is Uranium Setting Up For A Happier Christmas?

By Andrew NelsonNovember was a little kinder to uranium producers than September or October was, with new demand trickling into the market and providing some support for spot prices.

Massive Weekend Traffic Jam Over 200 Km Long Traps 4,000 Trucks in Russia

Thousands of Russian truck drivers probably made the thumbs down sign and said "Nyet" (No in Russian) after they were stuck in a 200-kilometre gridlock over the weekend. The traffic jam along the M-10 motorway lasted for 44 hours and trapped more than 4,000 trucks. The gridlock was caused by heavy snow.

A Streetwise Hercules At The Bank Of England

By Ben TraynorMark Carney's been hired to bang bankers' heads together...WHERE have all good men goneAnd where are all the gods?Where's the streetwise HerculesTo fight the rising odds?Isn't there a white knight upon a fiery steed?Late at night I toss and turn and dream of what I ...

Re-balancing Remains RBA's Focus

By Rudi Filapek-Vandyck, Editor FNArenaAt its final meeting for calendar 2013, the Reserve Bank of Australia (RBA) has sliced off a further 25bp to bring the official cash rate down to 3.

Australian Stock Market Report – Afternoon 12/3/2012

Not for the first time, Monday bore witness to one of those perverse circumstances where stocks rise in response to weaker economic news. The last week in the US was defined by a lack of progress in relation to the fiscal cliff, although Republicans and Democrats expressed confidence that the matter would be resolved in a timely fashion. Weekend developments in Washington saw an opening gambit being made by the Democrats, which was summarily dismissed by the Republicans. 'The game' has beg...

South Australia Health Mulling to Terminate 105 Jobs

Spurred by budget cuts, the state government of South Australia is mulling to terminate 105 jobs across its non-hospital health services as a result of budget streamlining measures.

Notable Surprises on iFixit’s 21.5-inch iMac Teardown

The new super-thin 21.5-inch iMac is quite a view and getting inside the new Apple desktop is most definitely an engineering marvel, as proved by the latest discovery of teardown specialist iFixit.

India Sees GDP Growth Slow to 5.3%

On the 30th of November, the ministry of statistics informed that India saw GDP growth slow to 5.3 percent in the quarter ended in September. The economy of India slowed more than analysts initially expected. It is likely that the Asia's third economy is to see its worst year in a decade as analysts underline the importance of implementing difficult reforms that could revive the economy of India.

Credit and Credibility

Is it laughable, or lamentable? The market, that is. In the past few years, it has become a joke...a tool of manipulation, an unreliable source of information. Despite the outperformance of the US equity markets this year, ordinary investors (presumably people with savings they would like to invest in productive and attractive businesses) are not interested.

Australian Hospitals Now to Use Automated Robots

Australian patients and their caretakers better start getting used to having some of their hospital requirements served by an automatic guided vehicle (AGV), with the Royal North Shore Hospital in New South Wales the very first to engage the modern technology.

Australian Flight Attendants Wants Standardization of Carry-On Luggage Regulations

The Flight Attendants Association of Australia (FAAA) has called on the national government to standardise the prevailing regulations of the airline industry's carry-on luggage to ensure the safety of both flight attendants and airline travellers, as well as prevent undue delays brought about luggage traffic on departing flights.

Queensland Govt Pushes Through Closures of TAFE Campuses

The state government of Queensland has finally approved to push through with the closures and sale of some 13 empty TAFE (Technical and Further Education) Campuses, while another 12 are being planned to be combined the Central Queensland Institute of TAFE and the Central Queensland University.

Australian Stock Market Report – Midday 12/3/2012

The Australian sharemarket is kicking off the new trading week in positive fashion, with the All Ordinaries Index (XAO) up 0.5 per cent or 22.3 pts to 4540.3. This adds to last week's 2 per cent rise; the local market's second straight week of gains.

Sinking US Net Worth, Soaring US Debt

Behold a new damage assessment from the credit crisis: The net worth of the median American household plunged 47% from 2007-2010.

Even Running Around in Circles Can Pay Dividends

So we've decided to chronicle our attempt to join an Aussie Rules football team. The Daily Reckoning seems like as good a place as any to do this for your amusement. Thrilling, right?

The Slashes and Sell-Offs of Rio Tinto

While our political leaders push, shove and bicker like stupid kids in a playground, signs of a weakening economy continue to mount. Yesterday, Rio Tinto told investors it plans to slash $5 billion in costs by 2014. Mining services companies duly suffered more share price falls.

Osram Cuts Jobs to Save €1bn

On the 30th of November, Osram informed that it would downsize another 4.700 jobs as well as sell its plants to better compete with Asian rivals. The job cuts at Osram will help the company save approximately €1 billion ($1.3 billion) and improve profitability as the market for traditional light bulbs shrinks significantly. Earlier this week Siemens AG announced to spin off Osram.

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