BUSINESS

The Bull in the China Shop

The mainstream view is that China can smoothly transition its economy from construction to consumption. This is a dangerous illusion.

Is a 50% Market Decline Possible?

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.

Vodafone and Verizon are to Start Talks for U.S. Wireless Stake Sale

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.
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China Targets Yearend Launch of Unmanned Chang'e-3 Moon Landing Mission

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.

Australian Stock Market Report – Midday 8/30/13

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.

Your Editor On Twitter

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.

Sony (NYSE: SNE)'s Smartphone Lens Camera to Cost $450, Announcement on Sep. 4

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...

Some Profit at Last for Qantas

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.

US Market Crash Alert!

Our operating hunch is that US stocks, Treasuries and gold have all turned over recent months.

Emerging Markets Are In Trouble

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 to Add Mighty Wings on its Menu

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.

Australian Stock Market Report – Afternoon 8/29/13

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.

New Zealand's Fonterra Back in Sri Lanka, Units Gain After Botulism False Alarm News

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.

Bull Market Back In Gold?

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.

Should Developers Use Unclothed Women’s Body to Sell Apartments?

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

The Overnight Report: Tentative Rebound, Oil Pushes Higher

By Greg PeelThe Dow rose 48 points or 0.3% while the S&P gained 0.3% to 1634 and the Nasdaq added 0.4%Result season took a back seat on Bridge Street yesterday as offshore pressure finally became too much and Australia joined in a Syria-related risk-off divestment which saw cyclicals dumped, with ma...

Australian Stock Market Report – Afternoon 8/28/13

Australian shares finished firmly lower at the close, with the All Ordinaries Index (XAO) slipping by 1 per cent. The losses within the mining sector worsened throughout the afternoon, with the S&P/ASX200 Materials Index falling by 2.1 per cent.

Can Apple Inc Succeed in Grabbing a Sizeable Market Share in China?

Reports of Apple Inc getting a deal with China Mobile may be attempts to make an aggressive push for Chinese customers to buy more iPhones. If Apple does release a cheaper iPhone, the company should get the pricing right since there is no guarantee it will be warmly welcomed.

Australian Stock Market Report – Midday 8/28/13

After doing little on Monday and Tuesday, the local market is recording its biggest daily slump since 7 August. The most significant driver is the tension in Syria. The potential for a US led military strike has been pushing gold and oil prices higher, while equities have been punished.

Canadian Woman Sarah Casanova Appointed New McDonald's Japan CEO

In what has been an unprecedented move for a country whose mindset is to put only males as leaders whether in the corporate or political streams, McDonald's Japan on Tuesday announced its top post will now be helmed by a woman in the person of Canadian Sarah Casanova.

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