BUSINESS

After U.S., Drug Manufacturer Ranbaxy Faces Regulator's Heat in Australia and UK

There seem to be no respite for troubled Indian drug manufacturers Ranbaxy. Reports say that, after facing U.S. Food and Drug Administration (FDA) action last week for manufacturing lapses, the company, acquired by Japanese drug maker Daiichi Sankyo in 2008, now faces regulators agencies in Australia and Europe who are also assessing if drugs manufactured and exported by the Indian firm to their regions are affected.

Australian Housing Market: Mortgage Lending in the Spotlight

The Federal Reserve's surprising decision to keep QE going at its current rate is still front page news. While the US fiddles with monetary policy to meddle with house prices, the Australian government is set to interfere with banks in order to manipulate mortgage lending. If you've been reading the Daily Reckoning for a while, you know we are sceptical that government action like this produces the intended outcome.
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Momentum Builds For Uranium

By Greg PeelIn July last year, Japan restarted its Ohi 3 and 4 reactors and so brought to an end the post-Fukushima period of zero nuclear energy production in the country.

Apple Inc's Shares Dip Slightly as iPhone 5S Sells Out in 1 Day, CEO Tim Cook Officially Joins Twitter (VIDEO)

Apple Inc. fans have been lining up outside Apple stores around the world on Sept. 20 to be one of the first consumers to get their hands on the latest iPhone models, the iPhone 5C and iPhone 5S. Despite the release of the two new iPhone models in the company retail stores, Apple Inc’s share price decreased slightly as Apple investors hold off and wait for the new iPhones’ initial sales data which will be released about a week after.

Australian Stock Market Report – Afternoon 9/23/13

Sellers had the market in a headlock in early trade although the balance shifted following the release of the HSBC flash reading on Chinese manufacturing. The only release of note in regional trade today saw sellers pause as they considered the bigger picture. The Chinese HSBC Flash PMI came in at 51.2 in August, above a consensus forecast of 50.9 and the prior reading of 50.1. Chinese figures released most recently point to the Chinese economy turning a corner which could have positive ramifica...

ZYL Ltd Fined for Continuous Disclosure Breaches

ZYL Limited (ZYL), an ASX-listed metallurgical coal exploration and development company, has paid a total penalty of $66,000 after the Australian Securities & Investment Commission (ASIC) served two infringement notices on the company for failing to comply with its continuous disclosure obligations. The infringement notices pertain to an ASIC investigation into ZYL announcements on the Australian Stock Exchange (ASX).

The End of Australia’s Boom Economy

In the post-war era, there is the strong relationship between economic and electoral success. Despite having steered the nation through the 2007/8 crisis, Australia's left of centre Labour Party was defeated at the 7 September election 2013, primarily for other political reasons.

Energy Investors Take Note

These ominous words hit the finance sphere this week. If you've tuned in to the Daily Reckoning lately, you might think it was Family Wealth editor Vern Gowdie repeating his warning of a 90% stock crash. But these words actually belong to William White.

The Importance of Dividend Stocks for Your Portfolio

The stock market isn't just about how much money the Federal Reserve is printing. US earnings season is less than three weeks away. And expectations aren't pretty, reports our sister publication in the US, the 5 Minute Forecast.

Australian Stock Market Report – Midday 9/23/13

The obstacle of Fed tapering appears to be out of the way for the time being and at face value it seems as though the markets finally have some clear air. Although the price action of the markets most recently suggests that in the absence of any Fed temperance in relation to Q.E, investors are erring on the side of caution and calculating that tapering is a matter of when rather that if.

Australian Stock Market Report – Afternoon 9/20/13

Despite 0.3 per cent fall today, this still was an eventful and largely positive trading week for many markets around the world. Local shares edged higher by 1.08 per cent, US stocks are up 1.69 per cent and Germany's DAX is 2.1 per cent firmer (both the US and German markets have one session remaining this week).

Australian Stock Market Report – Midday 9/20/13

The Australian market cracked through a five year high on Thursday, thanks to the announcement of continued stimulus from the US central bank. Investors are taking a breather today, with local stocks down around 0.4 per cent.

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