The mainstream view is that China can smoothly transition its economy from construction to consumption. This is a dangerous illusion.
Microsoft just made permanent it price-cut promotion for its Surface tablets. On Thursday, Aug 29, the Surface Pro had a new starting price of $799 or $100 less.
Before we get stuck into today's Daily Reckoning, just a reminder to watch out for a special report from Gowdie Family Wealth editor Vern Gowdie tomorrow. Vern makes some pretty big claims. We won't go into it here, but if you think we're bearish, check out Vern's well-reasoned analysis for a comparison.
According to reports Vodafone Group and Verizon Communications are in advanced discussions about a sale of the holding for about $130 billion. Vodafone Group Plc (VOD) is in talks to sell its 45 percent stake in Verizon Wireless to U.S. partner Verizon Communications Inc. in what would be the biggest deal in more than a decade.
It is a major piece of legislation and could change the way we know software. It is a move that is expected to improve the system and drive further innovation. The New Zealand parliament on Thursday passed legislation that bans software patents. The motion was passed by a 117 to four vote and followed five long years of parliamentary debate. However, the legislation will only affect new patent applications. It means that existing software patents in New Zealand will continue to remain in force.
As Tourism Australia vies for a larger pie in India’s outbound travel market, it got a lucky boost from Air India which landed the first Boeing 787 Dreamliner on a commercial service in the country.
The uptrend has held for a 10th week. The market remained flat as the uptrend stop was tested for a second week in a row.
The modest improvements recorded at midday were built on in the afternoon, with shares closing at intra-day highs. The All Ordinaries Index (XAO) jumped by 0.8 per cent, the fourth improvement for the week and pushing the XAO back above 5100pts.
RetroMacCast podcast, John Leake, built an Apple Mini Mac Palm-sized replica.
The Canadian Transport Authority (CTA), the national regulator of the aviation industry, ordered on Thursday Air Canada and Porter Airlines to amend the amount they pay air travelers who fail to reach their destinations according to plan.
The sustained success of iPhone and Galaxy smartphone releases in the past years is anchored on the lifestyle they represent, a new report said, which surprisingly remains a mystery to other mobile device makers.
China has targeted to launch by yearend 2013 its first unmanned Chang'e-3 moon landing mission. The country's State Administration of Science, Technology and Industry for National Defence said the carrier rocket for the lunar probe has successfully passed pre-launch testing.
The Australian sharemarket is improving modestly for the fourth time this week. Conflict in Syria is still a problem for markets; however the chance of an imminent US led military intervention seems to have diminished for the time being. Overnight, the British parliament voted against using force in Syria.
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.
Bill Gates, co-founder of Microsoft and richest man in the world; well qualified to lead any company, good leadership qualities and he's done it before.Tim Cook, 15-year veteran at Apple Inc. may also be asked to step in for Steve Ballmer at Redmond
What could be better than taking photos with top of the line smartphones with like iPhone 5, or Samsung Galaxy S4? Taking photos with lenses attached to the smartphone. Sony has done exactly that with the QX10 and QX100, two lenses that connect to the smartphone camera. These are essentially huge lense camera accessories that can be hooked up to cameras on mobile devices. What does it do? You can turn your smartphone into a mean machine that zooms right in with image sensors giving you amazing q...
This is the torture tests of the Moto X, which was subjected to scratches on the screen, back and side using a key and a knife, and finally being hit of all sides. The results are pretty impressive, said PhoneBuff, which conducted the torture tests that lasted more than 4 minutes.
Australian flag carrier Qantas is slowly beginning to turnaround financially as the air carrier logged $6 million full-year net profits, its first after it suffered from its first loss since the company was privatised.
By Greg PeelThe Dow closed up 16 points or 0.1% while the S&P gained 0.2% to 1638 and the Nasdaq added 0.
Our operating hunch is that US stocks, Treasuries and gold have all turned over recent months.
Emerging markets are in all sorts of trouble, and with the oil price preparing for another Middle Eastern war, centred this time in Syria, their problems are about to get worse. A collapsing currency combined with a rising US dollar oil price is a big tax on economic growth, and it comes at precisely the wrong time for the global economy.
McDonald's the world's most popular hamburger chain is getting into the chicken wing business. After several months of testing in Chicago, McDonald's is preparing for a nationwide rollout of its "Mighty Wings" next month, the company has confirmed.
The Australian sharemarket rose modestly today, with concerns relating to Syria put on the backburner briefly. The All Ordinaries Index (XAO) edged higher by 0.1 per cent, with the underperforming (yesterday) mining & energy stocks leading the improvements.
Tanzania, Africa's fourth largest gold producer, has been exposed as employing children as young as eight years old to work in its many gold mines, the Human Rights Watch (HRW) said.
Apple is attempting to trademark “STARTUP” application in Australia
New Zealand dairy giant Fonterra has announced that it will resume its Sri Lankan operations after temporarily suspending work and plant processing for the safety of its employees. Meanwhile, the price of Fonterra's NZX-listed units went up 3.2 per cent or $7.10 after the company retested its alleged contaminated whey protein concentrates and found the botulism scare to be a false alarm.
Colombian rebels who belong to the National Liberation Army (ELN) released on Tuesday Canadian mining executive Gernot Wober after 221 days in captivity.
By Jonathan BarrattAs we have already seen a 20% rally in gold from the lows of US1180 we have to assume, based on a technical footing, that the bull market is back with us.
It is common to see images of women in bikinis in adverts for products that mainly target male buyers such as wine or a car. However, to sell homes, the best come-ons would be photos of the model units of an architect's perspective such as this illustration
Operators of the Dux Live bar in Christchurch, New Zealand is still studying if it will also place a camera in the women's room, following the controversy caused by its installation of surveillance camera in the men's room.
