BUSINESS

Aussie Banks Face Prospect of Massive Job Cuts This Year

Gloomy market environment and government intrusions were being blamed by the banking sector for the projected job losses that the industry could witness this year, which could run to thousands of job cuts, media reports said.
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The Economy: No Change

Despite a post New Year burst of gloom about retailing, online shopping and employment, the reality is that the Australian economy has remained where it was in December, doing a bit better than many media reports suggest, and doing poorly as the same media reports suggest.

Markets: The New Year Rally Snuffed Out

Europe's 2011 woes returned from their Christmas holidays earlier than expected thanks by the Standard & Poor's ratings downgrades and investors here and offshore will have to be very careful.

Top Losers at CES 2012

The Consumer Electronics Show is over and the only thing left to do is mop up the losers of the biggest electronics trade show of the year. Here are some gadgets and companies that made a poor showing at CES 2012.

Investment: Tough Time Ahead, According To Early Reporters

It's not 'new' news, given the damage done to share portfolios over the past six months or so, but we had further confirmation yesterday that the poor performance of equities is going to be bad for the country's listed investment companies and broking firms.

Decoupling EUR/USD And Equities?

By Rudi Filapek-VandyckFNArena has added another video to its Investors Education section on the website.

Global Markets Overview 01/17/2012

European stock markets rose Monday, as the French government successfully sold Treasury bills and investors shrugged off last week's news that Standard & Poor's downgraded the credit ratings of nine euro-zone nations, including France, Italy and Spain.

The Overnight Report: Europe Shrugs

By Greg PeelI would have loved to have been writing something new and interesting in my first Overnight Report for 2012, but I'm not.

2012: Back In The Black

By Rudi Filapek-Vandyck, Editor FNArenaYour team at FNArena has returned from a well-deserved annual break, ready to take on whatever lies ahead for the next twelve months.

Join Rudi's Journey: It's A Different Game In 2012

By Rudi Filapek-Vandyck, Editor FNArenaFor reasons I will explain in the weeks ahead, my attention during the annual year-end break has turned towards the principle of mean reversion.

iPhone Debut Runs Amok in Beijing

Apple Inc. suspended its sale of its new iPhone 4S in China Friday after irate shoppers pelted Apple's flagship Beijing store with eggs and fought with security guards in a desperate bid to get their hands on the new device.

Online Competition: Bricks and Mortar Retailers' Main Threat

Retailers from all over the country are looking through rose colored glass despite many online competitors threatening to lower sales this year. Sales expectations plummeted by 26 points (index of nine) as compared with the same time frame for the past year.

Android’s Virtual Assistant

The iOS has obtained exclusivity of the virtual assistant SIRI and gained remarkable scores and comments from users and critics. It has made iOS smartphones unique against the Android devices by defining the meaning of intelligence. However, the virtual assistant is still in development for best usage in a lot of countries.

New Androids to Challenge Samsung Galaxy S3

In 2012 the world of smartphones is expected to be excited anew with the release of Samsung Galaxy S3 on February. But two of its challengers, Sony and LG, have already given a sneak peek even as S3's release approaches fast. Both of their devices are high-end and Android-powered as well.

ANZ Bank Takes First Step in Interest Rate-Setting Autonomy

ANZ Bank made Australian banking history on Friday the 13th by making good its previous announcement to set its interest rates independent from the overnight cash rates made by the Reserve Bank of Australia (RBA).

Migrant Workers Benefit Most from Australia’s Mining Boom

While the mining boom has generally benefited Australia's economy in general, certain groups reaped more than others did. One of the groups that thrived on the boom more than others is that of immigrant workers.

Is iPhone Putting Kodak out of Business?

Wall Street Journal reported that camera manufacturer Eastman Kodak Company was preparing to file for bankruptcy in the next few weeks.

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