BUSINESS

Asia Poised

- China housing to gain traction- Japan to advance (for now) on new policies- India going nowhere fast- More, minor, US improvementBy Andrew NelsonIt's been a busy few months in Europe, in Asia and in many of the lands between, but newsflow, not dataflow has been holding most of the attention.

Australian Dollar Outlook – 4-10-13

The Australian dollar has opened higher, as a fresh bout of US dollar weakness and firmer commodities prices pushed the local currency towards USD 105.00.

Will Japan Provoke the Chinese Dragon?

They don't make them like they used to. Margaret Thatcher died yesterday aged 87. As Prime Minister of Britain from 1979 to 1990 she transformed the British economy and reasserted her country as a major global power. She did this by loosening the State's grip on the British economy, which by the time she took power had degenerated into the 'Winter of Discontent'.
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Global Markets Overview – 4-10-13

It was another quiet night for macro data; French and German trade balances are the only talking points, with French balances disappointing, and German data was just in-line, which was expected. These figures led to mixed trading results in Europe.

Nexus 7 Rumours: Retail Price of $150, July Sale

Google is working on the next-generation Nexus 7 tablet as a follow-up to the successful launch of the device. ZDNET, a reliable source of news about devices, reported on Tuesday that the successor to the Nexus 7 will be available in July in the U.S. and could have a retail price of $150.

Australian Stock Market Report – Morning 4-10-13

In US economic news, US wholesale inventories fell by 0.3pct in February - the biggest decline in nearly 1½-years. Economists had expected wholesale inventories to rise 0.5pct. The weaker build in inventories may result in lower estimates for March quarter growth.

Battle Over Martha Stewart’s Products Continues

It seems that some battles are hard to end. Apparently, one of them is a bloodshed over Martha Stewart's products. These days at war are Martha Stewart Living Omnimedia Inc., Macy's Inc. and J.C. Penneey Co. as everything indicates that three parties of the argument have not reached consensus.

GM Holden to Downsize in Australia

Australia's General Motors Holden, which is the division of General Motors Co., informed that it would begin job cuts which would touch as many as 500 employees.

Australian Stock Market Report – Midday 4-9-13

The Australian market is having its best day in close to a month at lunch, with the All Ordinaries Index (XAO) up 1.1 per cent. This is a refreshing change considering that major sectors have fallen for four consecutive weeks.

China Bird Flu Pandemic: A Scare Planted by the US?

As the number of deaths due to the new avian influenza A (H7N9) reached seven in China, a member of the country's People's Liberation Army (PLA) has said the current health scare now gripping the world's second-largest economy is but a scheme planted by the United States.

Taking A Break Before The Uranium Conference

By Andrew NelsonLast week was a quiet and uneventful week as far as the uranium market goes. Industry consultant TradeTech reports just three deals were done and accounted for only 400,000 pound of uranium changing hands.

Businessman George Soros Blames Euro Crisis for Turning Gold into an Unsafe Haven

Businessman George Soros is blaming the euro crisis in 2012 for making gold an unsafe haven for investors. Since October, gold prices had been on a downtrend and last week the yellow metal for June delivery, the most actively traded contract, hit a nine-month low of $1,553.50 a troy ounce on the Comex division of the New York Mercantile Exchange.

It's Still All Go For Equity Markets

By Peter Switzer, Switzer Super ReportMy colleague Paul Rickard has deconstructed the Treasurer's super proposals which are allegedly targeted at the "fabulously wealthy" but clearly it will affect those with say $700,000 with a 20% return per annum or someone on $1 million making 13% and so on...

Australian Stock Market Report – Afternoon 4-8-13

Despite predictions of a flat to moderately lower day on the Australian share market, local stocks received a boost in afternoon trade on the back of gains on Japan's Nikkei Index. The Nikkei rose a further 3% today, after hitting five year highs on Friday, in response to aggressive stimulus announced late last week by the Bank of Japan.

The Australian Government’s Deficit Numbskullery

How much will this deficit numbskullery by the Australian government cost investors? That's the question we left off with in yesterday's Daily Reckoning. Today we provide the answer: about 30%, give or take.

Australia and Energy Security

If you're going to speculate, you could do worse than speculate on energy. The issue became even more interesting yesterday with Shell's announcement that it would put its Geelong refinery up for sale. The downstream oil and gas business in Australia - refining oil and selling the refined fuels - is an increasingly lousy one.

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