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Australian Stock Market Report – Morning 10/24/13

The Bank of Canada monetary policy decision resulted in no change to the overnight lending rate which remained at 1.0pct. This was as expected. However, the BoC dropped its previous bias to lift the policy rate. This bias has been in place for a year. In other words the BoC has now moved to outright neutral. Inflation is now expected to remain low for longer, the level of economic activity is also lower than expected, while risks of further weakness in the economy are taking on increasing import...

How to Increase the World’s Real Wealth

Real money as we know it arose along with marriage and the golden rule. These innovations allowed people to live together, peacefully, and to do business with one another. Trade, savings, investment, the division of labour - these are the bedrock innovations upon which modern capitalism rests.

Bond Market Burglars to Bring Bears Out of Hibernation

Although the Fed may realize (though I doubt it) that the current asset purchases have minimal impact on the real economy of the majority of American people, they probably think that continuous monetary stimulus is the lesser of two evils. This is a wrong assumption, in my opinion, because prices are rising far more than wages and salaries.

Another Nail in the Coffin for the Global Financial System

This week's theme is the global financial system. It's been around for 40+ years in its current guise. That is, since 1971 when Nixon reneged on the US government's promises to pay its debt in gold (or gold equivalent dollars).

Gold, Tapering And ETFs

By Jonathan BarrattDashed hopes of tapering for the time being and even further stimulus efforts have spurred a more positive outlook for gold.

Australian Stock Market Report – Afternoon 10/23/13

Three events over the past 24 hours have influenced markets and currencies. Firstly, last night a report showed there were fewer jobs created in the US over Sept than many had hoped. This reduced the likelihood of an imminent tapering in the Fed's current stimulus strategy and also pushed markets and the Aussie dollar higher. Secondly, this morning, the latest Consumer Price Index (CPI) showed that prices rose by a more than expected 1.2 per cent over the September quarter; all but wiping out...

Australian Stock Market Report – Midday 10/23/13

The All Ordinaries Index (XAO) is rising for the seventh straight day; up 0.2 per cent and sitting at around a five year high. This makes it the longest winning streak in nine months and comes courtesy of some worse than expected US jobs numbers overnight.

Thailand to Slap New 500 Baht Entry Arrival Tax on Tourists Effective 2014

Thailand, known for its archaeological sites, sandy beaches, weekend and night markets, Buddhist temples and, of course, the traditional Thai massage, among others, wants to slap a 500-baht (AU$16.60) entry tax on tourists upon their arrival at the country. The government targets to implement the new fee effective January 2014.

Stop Reading The AFR If You Are Scared!

By Peter Switzer, Switzer Super ReportFor all my subscribers who are getting worried about the soundness of Australian banks, well, I make one recommendation, and I do this with a heavy heart ? stop reading the Australian Financial Review!Don't get me wrong, I read this respected newspaper but ...

Early Xiaomi Backer is New Partner of GGV Capital

Hans Tung of Qiming Ventures in the new partner of GGV Capital, a cross-border venture capital company that has its focus on China and the U.S. Mr Tung, a venture capitalist who support the Chinese phonemaker Xiaomi that is now growing valued at $10 billion, is the sixth general partner of GGV.

HTC Chairwoman Cher Wang Takes Over Many Functions of CEO Peter Chou to Avert the Phonemaker’s Crash Amid 70% Loss of Market Share

Is Taiwanese phonemaker HTC following the footsteps of the once-giant Canadian tech firm BlackBerry? Reports said that the fortunes of the company that impressed the tech world with its HTC One smartphone is on a downhill, having lost 70 per cent of its market share and 90 per cent of its market capitalisation since its glory days in 2011.

Australian Stock Market Report –Afternoon 10/22/13

Tuesday afternoon trade for the ASX200 was marked by new highs being made in successive hours. The exception being the final hour of trade, when sellers gained some traction following comments from the Federal Treasurer. Mr Hockey spoke of the outlook for the 2013-14 Federal Budget deteriorating. The impact was modest and not enduring. The Aussie dollar dipped and recovered not long after the comments, although it had been in a downtrend all day. December 10-year bond futures were trading at 95....

Sugar Prices Soar After Fire At Brazil Port

lobal sugar prices have risen to a one-year high after a fire broke out at several warehouses in the southern Brazilian port of Santos last Friday, destroying some 180,000 tons of sugar in the process.

Australian Stock Market Report – Midday 10/22/13

The ASX200 has been well supported in early trade on Tuesday. The index made successive highs in the first hour of trade. Significantly this price action was supported by solid volumes.

Heavy Smog Pollution Shuts Down China’s Harbin City, Flights Cancelled, Schools Close, Residents Scared

Harbin City, capital of China's Heilongjiang province of 11 million people, has been enveloped by a chockfull of smog so thick authorities have been forced to cancel flights and suspend classes. Residents are scared out of their wits as the smog, expected to last for at least the next 24 hours, could become recurring as the country enters the winter season.

BlackBerry Relaunches BBM for Android, iPhone

Troubled Canadian phone maker BlackBerry released on Monday the BlackBerry Messenger apps for iPhone and Android users. The release is almost a month delayed because of problems.

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