BEARISH bets for the dollar are turning savage, with Credit Suisse slashing its forecast to US75c after conceding the currency is "normalising" quicker than it expected. In one of the biggest dollar calls in the market by a major bank, ...
Tags: Credit Suisse, dollar, bank
BEARISH bets for the Australian dollar are turning savage, with Credit Suisse slashing its 12-month forecast to US75 cents after conceding the currency is "normalising" quicker than it expected. In what may be the biggest dollar call by a ...
Tags: Australian dollar, economy, bank
China Petroleum and Chemical Corp, or Sinopec, slashed its ex-works prices for styrene-butadiene rubber by 5-6% effective Wednesday, end-users said. With the latest cut, Sinopec Qilu Petrochemical is offering SBR1502 in East China at Yuan ...
The European Commission has introduced new caps on mobile data roaming charges, making it cheaper to use maps, watch videos, check emails and update social networks while travelling in the EU. From today, it will cost a maximum of 0.45 + ...
Tags: Mobile Data, Electronics
BlackBerry continues to expand its support for Android and iOS with Secure Work Space, which separates work and personal apps and data, as the company tries to hold on to enterprise users by becoming more platform neutral. Remaining ...
Tags: Computer Products, Blackberry
Sales of devices based on Apple's Mac OS and iOS will overtake those of products running all flavors of Windows in 2015, a Gartner analyst predicted Monday. The switch in leadership would come roughly 13 years after Steve Jobs reinvented ...
Microsoft today confirmed that it has heavily discounted the Surface RT tablet to universities and K-12 schools, cutting the price of the entry-level model by 60%. It was the third time within a month that Microsoft has launched a Surface ...
Tags: Microsoft, Surface RT, Schools
Taiwan-based blank optical disc maker Ritek plans to introduce 7W LED light bulbs. There will also be a promotional campaign where consumers can buy one and get one free for NT$299. Market observers noted that retail prices of 7-8W LED ...
China will see tariff on watches imported from Switzerland drop 60 percent accumulatively over the coming decade. Chinese premier Li Keqiang paid a visit to Switzerland during May 23 and May 25 and on May 24, China signed a MoU on ...
When it comes to tablets, Microsoft and its OEMs don't know where they're going, an analyst said today. "There's still the idea that they don't quite get it," said Carolina Milanesi of Gartner in an interview. "And I don't think the ...
Tags: Microsoft, Tablet Strategy
The Asia Contract Price for paraxylene is likely to reach a settlement for June, after no conclusion for May, as a firmer purified terephthalic acid production margin has narrowed the gap between buyers and sellers, sources close to the ...
Tags: paraxylene, Chemicals
Sony will leverage its streaming technology to bring PlayStation games to devices other than dedicated consoles as part of its ongoing turnaround, but said gaming profits will still suffer and lowered sales targets for its smartphones and ...
Tags: Sony, PlayStation Games, Computer Products
A SHOCK contraction in Chinese manufacturing and the prospect that the US Federal Reserve could soon unwind its quantitative easing measures rocked local markets yesterday, pushing the Australian dollar close to an annual low and wiping ...
INVESTMENT banks have continued to go cold on the Australian dollar, with Credit Suisse?s global strategists telling clients the Aussie could fall to 85 US cents in 12 months because "this time it's structural". "While a rebound remains ...
Tags: economy
The local sharemarket fell in cautious trade yesterday before US Federal Reserve chairman Ben Bernanke's testimony to US congress and the release overnight of the minutes of this month's Fed board meeting. The benchmark S&P/ASX 200 closed ...
Tags: Sharemarket, Bernanke, US Congress