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Offshore Fund returns of 34.6% including a 27.0% dividend distribution

Shayne Heffernan — Tue, 21 May 2013 12:01:24 +0000

HCM is pleased to announce its Offshore Fund generated net annual returns of 34.6% including a 27.0% dividend distribution to investors in 2012. These results outperformed the major indexes, hedge fund benchmarks and were achieved against a backdrop of international low interest rates. The Fund achieved, net of fees, total return of 34.6% for its [...]

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China Logistics Group Inc (OTCMKTS:CHLO) Trade Alert

Shayne Heffernan — Tue, 21 May 2013 11:50:50 +0000

China Logistics Group Inc (OTCMKTS:CHLO) Trade Alert Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish China Logistics Group Inc (OTCMKTS:CHLO) is currently 118.3% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a [...]

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Moore, OK is in ruins Monday, Dozens Killed

Paul A Ebeling Jr — Tue, 21 May 2013 09:14:42 +0000

Moore, OK is in ruins Monday, Dozens Killed A monstrous tornado at least a half-mile wide roared through the Oklahoma City suburbs Monday, flattening entire neighborhoods and destroying an elementary school with a direct blow as children and teachers huddled against winds up to 200 mph. At least 51 people were killed, including at least [...]

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The Fed to End to Stimulus, USA Downgrade Warning

Shayne Heffernan — Tue, 21 May 2013 09:04:55 +0000

The Fed Plans an End to Stimulus US: Opinion: Fed may soon stop its monthly $85-Bln bond purchases. US: U.S. Faces Downgrade in 2013 Without Budget Deal, Moody’s Warns. SILVER Holdings (largest ETF) iShares Silver Trust have fallen to their lifetime low. GOLD: SPDR Gold Trust holdings down to 1,031.50 MT (4 year low). GOLD [...]

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Tornado Death Toll Rises

Shayne Heffernan — Tue, 21 May 2013 07:45:01 +0000

Tornado Death Toll Rises A least 20 children are among those who perished in the tornado that barreled through a suburb of Oklahoma City in the US. The tornado destroyed at least two schools, including the Plaza Towers elementary school, where at least seven children were killed, according to broadcaster CNN. A sixth-grader identified only [...]

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SoCal Edison Agrees to Pay $37-M in Penalties Over California Wildfire

Paul A Ebeling Jr — Tue, 21 May 2013 07:24:28 +0000

SoCal Edison Agrees to Pay $37-M in Penalties Over California Wildfire EIX, T, S, VZ, CCI, Southern California Edison has agreed with California investigators to pay $37-M in penalties over a Y 2007 wildfire that burned nearly 4,000 acres of Los Angeles County. State investigators at the California Public Utilities Commission found that the October [...]

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UK Ruins Scotland’s Economy

Paul A Ebeling Jr — Tue, 21 May 2013 07:23:44 +0000

UK Ruins Scotland’s Economy The Scottish government struck back at claims from London that independence will damage the country’s economic prospects in a report Tuesday that criticizes UK governments for holding back the Scottish economy and squandering its resources. The report, called ‘Scotland’s Economy: The Case for Independence,’ is also deeply critical of UK governments [...]

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Portuguese demonstrate against Troika

Paul A Ebeling Jr — Tue, 21 May 2013 07:21:42 +0000

Portuguese demonstrate against Troika, gov’t austerity measures Hundreds of Portuguese gathered in front of the presidential palace in Lisbon Monday in protest against the Troika and the government’s implementation of tough austerity measures. During the demonstration organized by the “screw the troika” movement, the protesters shouting slogans opposing the Troika comprising the European Union, the [...]

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US Treasury Takes Steps to Avoid Bankruptcy

Paul A Ebeling Jr — Tue, 21 May 2013 07:19:43 +0000

US Treasury Takes Steps to Avoid Bankruptcy The US Treasury Monday said it will suspend investments in federal worker retirement funds, the latest emergency measure the government is taking to stay under the federal debt ceiling. Treasury Secretary Jacob Lew in a letter to lawmakers said the government would halt investments in the Civil Service [...]

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China RMB Yuan advanced to 6.1911 Vs USD Tuesday

Paul A Ebeling Jr — Tue, 21 May 2013 07:17:42 +0000

China RMB Yuan advanced to 6.1911 Vs USD Tuesday The Chinese currency Renminbi, or the Yuan, advanced 87 basis point to 6.1911 Vs the USD Tuesday, according to the China Foreign Exchange Trading System. In China’s foreign exchange spot market, the Yuan is allowed to rise or fall by 1% from the central parity rate [...]

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Australian Dollar Reflects Weak Global Economy

Shayne Heffernan — Tue, 21 May 2013 07:14:31 +0000

RBA Says Mining Slowdown Drove Rate Cut BHP Australia’s central bank cut its benchmark interest rate to record lows at the beginning of May to give the resource rich economy a jolt as a rapid cooling in mining investment and a high Australian Dollar slowed growth and eroded business confidence. Tame inflation readings and the [...]

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USD/JPY Headed Under 100

Shayne Heffernan — Tue, 21 May 2013 06:51:18 +0000

USD/JPY Headed Under 100 USD/JPY intraday: under pressure. Pivot: 102.90. Our preference: SHORT positions below 102.9 with targets @ 102.05 & 101.85. Alternative scenario: The upside penetration of 102.9 will call for 103.3 & 103.7. Comment: Monday’s bearish gap maintains a downside pressure. Opinion published is an intraday view. Green Lines Represent Resistance | Red [...]

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GBP/USD Up on Weak USD

Paul A Ebeling Jr — Tue, 21 May 2013 06:47:35 +0000

GBP/USD Up on Weak USD GBP/USD intraday: bullish bias above 1.5205 Pivot: 1.5205. Our preference: LONG positions above 1.5205 with 1.528 & 1.533 in sight. Alternative scenario: The downside penetration of 1.5205 will call for 1.5155 & 1.511. Comment: the break above 1.5205 is a positive signal that has opened a path to 1.528. Opinion [...]

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Gold Price Report : Asia Trading

Shayne Heffernan — Tue, 21 May 2013 06:40:31 +0000

Gold Price Report : Asia Trading A doji star occurred (where a doji gaps above or below the previous candle). This often signals a reversal with confirmation occurring on the next bar. GOLD (Spot) intraday: bullish bias above 1363 Pivot: 1363.00 Our preference: LONG positions above 1363 with 1407 & 1419 in sight. Alternative scenario: [...]

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SAC may close hedge fund to outsiders

Paul A Ebeling Jr — Mon, 20 May 2013 23:53:11 +0000

SAC may close hedge fund to outsiders SAC Capital’s Steven Cohen may broker a deal with the government to close his $15-B hedge fund to outside investors to settle an insider trading probe, according to a report late Monday. Last Friday, Mr. Cohen sent a letter to investors saying he was no longer unconditionally co-operating [...]

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Commodities, Crude Oil Gains 0.8%, Gold Finishes 1.4% Higher

Paul A Ebeling Jr — Mon, 20 May 2013 23:52:09 +0000

Commodities, Crude Oil Gains 0.8%, Gold Finishes 1.4% Higher Jun Crude Oil rose for a 4th day running on support from a weaker USD index, erasing earlier losses. The energy component lifted off its session low of 95.23 set just after pit trade opened and advanced into positive territory by late morning. It spent afternoon [...]

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ASEAN Stock Exchange Preview

Shayne Heffernan — Mon, 20 May 2013 19:55:15 +0000

Singapore The FTSE Straits Times Index (STI) ended +4.93 points higher or +0.14% higher to 3,454.23, taking the year-to-date performance to +9.07%. The FTSE ST Mid Cap Index gained +0.18% while the FTSE ST Small Cap Index gained +0.53%. The top active stocks were JSH 500US$ (-1.62%), Singtel (+1.24%), Kep Corp (+1.28%), DBS (+0.29%), and [...]

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US Treasuries Flat, US Dollar Down

Paul A Ebeling Jr — Mon, 20 May 2013 19:36:58 +0000

US Treasuries Flat, US Dollar Down DXY, EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, USD/CAD 10-Yr: -02/32..1.954%.. USD/JPY: 102.40.. EUR/USD: 1.2875 Afternoon Update 2-yr UNCH @ 99 24/32 3-yr UNCH @ 99 17/32 5-yr -01/32 @ 98 30/32 7-yr -01/32 @ 99 23/32 10-yr -02/32 @ 98 04/32 30-yr +02/32 @ 94 15/32 EUR/USD +35 pips @ [...]

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Moving this Market

Paul A Ebeling Jr — Mon, 20 May 2013 19:34:43 +0000

Moving this Market CVX, PG Industry Watch Strong: Energy, Financials, Industrials Weak: Consumer Staples, Utilities, Telecom Services, Health Care There is some hesitation ahead of Fed Chairman Bernanke’s testimony before Congress Wednesday about the economic outlook. The Ultimate Equity Platform, Thomson Reuters Latest Charting and News Technology call +1 801 265 8886 to get your [...]

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Gold and Silver Forming a Bottom in Here?

Paul A Ebeling Jr — Mon, 20 May 2013 19:31:11 +0000

Gold and Silver Forming a Bottom in Here? GDX, GDXJ, SLW, PPLT A look at the Gold this am showed that it may have been ready test even new lower lows based on the trade, then a 2% gain in Gold’s price may signal a change in direction. A new report from the Commodity Futures [...]

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This is the Weakest US Economic Recovery on Record

Paul A Ebeling Jr — Mon, 20 May 2013 19:27:17 +0000

This is the Weakest US Economic Recovery on Record Obamacare + food stamps add up to the most jobless recovery in American history, according to a commentary by Forbes Magazine. Louis Woodhill, a Forbes contributor who is a software entrepreneur and serves on the Leadership Council of the Club for Growth, noted the United States [...]

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Thai Q-1 GDP +5.3% on Year; Government Cuts 2013 Growth Forecast

Paul A Ebeling Jr — Mon, 20 May 2013 19:22:05 +0000

Thai Q-1 GDP +5.3% on Year; Government Cuts 2013 Growth Forecast Thailand’s economy continued to expand in Q-1 from a year earlier, though the pace of growth slowed due to a moderation in domestic and foreign demand amid a weaker-than-expected global recovery. GDP rose 5.3% in Q-1 from a year earlier, Arkhom Termpittayapaisith, secretary-general of [...]

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Thaksin pushes for charter rewrite, Red-Shirts rally

Paul A Ebeling Jr — Mon, 20 May 2013 19:20:29 +0000

Thaksin pushes for charter rewrite, Red-Shirts rally Thailand’s fugitive former Prime Minister Thaksin Shinawatra made a high-profile speech to his Red Shirt clad supporters Sunday night and called for continued effort to amend the constitution, which he said would bring “true democracy” to the country. Mr. Thaksin, speaking on SKYPE broadcast on giant open-air screens [...]

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Greece Buying 142 New Ships from China

Paul A Ebeling Jr — Mon, 20 May 2013 19:17:14 +0000

Greece Buying 142 New Ships from China Greek Shipping Minister Kostis Moussouroulis said here Saturday Greek shipowners have recently signed contracts to buy 142 new ships from Chinese shipbuilding companies. The orders, which were signed in April, accounted for more than 60% of the recent global orders of Greek shipowners, said the Greek official. The [...]

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Myanmar’s Jewellery Industry Begins to Shine

Paul A Ebeling Jr — Mon, 20 May 2013 19:16:36 +0000

Myanmar’s Jewellery Industry Begins to Shine The international demand for gems and jewellery is growing in spite of the slowing growth in developed countries, and mid-range consumers increasingly purchase medium-priced products from newly growing hubs while traditional producers face the challenges of global competitiveness. Myanmar’s approach to the international market during the last decade is [...]

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Algeria plans to build its 1st nuclear plant in Y 2025

Paul A Ebeling Jr — Mon, 20 May 2013 19:16:23 +0000

Algeria plans to build its 1st nuclear plant in Y 2025 Algeria plans to build its first nuclear plant in Y 2025 to cope with the country’s soaring electricity consumption, the official APS news agency reported Sunday, citing Minister of Energy and Mines, Yousef Yousfi. “We plan to set up our first nuclear power plant [...]

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China’s Telecom Giants tap Internet Potential

Paul A Ebeling Jr — Mon, 20 May 2013 19:14:13 +0000

China’s Telecom Giants tap Internet Potential CHL, CHU Chinese telecom operators have stepped up their efforts to boost their business through exploring online channels, since more people in the country prefer shopping on the Internet. On World Telecommunication and Information Society Day, which fell on Friday, Chinese mobile carriers launched different e-commerce campaigns to attract [...]

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The Fed Warns of Recession

Paul A Ebeling Jr — Mon, 20 May 2013 18:35:44 +0000

The Fed Warns of Recession The Chicago Federal Reserve has released its National Activity Index for the month of April. Unfortunately, the move was in the wrong direction. April saw the drop down to -0.53 from an already negative report of -0.23 from March. Monday’s report sounds like yet another negative economic one, but the [...]

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National Bank of Greece (ADR) (NYSE:NBG) Trade Alert

Shayne Heffernan — Mon, 20 May 2013 15:59:10 +0000

National Bank of Greece (ADR) (NYSE:NBG) Trade Alert Technical Outlook Short Term: Overbought Intermediate Term: Bearish Long Term: Bullish An evening star occurred (this is a three-candle pattern). This is a bearish pattern than often signifies a major top. A falling window occurred (where the bottom of the previous shadow is above the top of [...]

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One Winning Ticket in the US Powerball $590,500,000 Jackpot

Paul A Ebeling Jr — Mon, 20 May 2013 13:17:58 +0000

One Winning Ticket in the US Powerball $590,500,000 Jackpot One lucky person walked into a Publix supermarket in Florida, bought a ticket won and is now worth about $590.5-M, the highest Powerball jackpot in history. Whoever has the winning ticket had not come forward as of Sunday afternoon. “This would be the 6th Florida Powerball [...]

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Pump and Dump Spam, Subpoenas Issued Against Xumanii and Publishers of Awesome Penny Stocks and Select Penny Stocks

Paul A Ebeling Jr — Mon, 20 May 2013 13:16:53 +0000

Pump and Dump Spam, Subpoenas Issued Against Xumanii and Publishers of Awesome Penny Stocks and Select Penny Stocks XUII, FROG, GENM, VUME, AMWI, GOFF, SWVI, FARE, TAGG, PHRX The 1st Subpoenas have been issued in Spam Email Pump & Dump Lawsuit Against Xumanii and Publishers of “Awesome Penny Stocks” and “Select Penny Stocks” Newsletters. George [...]

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AP CEO: Obama’s Phone Spying was Unconstitutional

Paul A Ebeling Jr — Mon, 20 May 2013 13:08:38 +0000

AP CEO: Obama’s Phone Spying was Unconstitutional The President and CEO of The Associated Press says the US government’s seizure of AP journalists’ phone records was “unconstitutional” and already has had a chilling effect on news gathering. Gary Pruitt, speaking on CBS’ “Face the Nation,” says the Justice Department’s secret subpoena of reporters’ phone records [...]

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Americans Back Investigations of Obama Scandals

Paul A Ebeling Jr — Mon, 20 May 2013 13:06:50 +0000

Americans Back Investigations of Obama Scandals A new poll found that Americans by a large margin believe that Congress is not overreacting to the growing scandals plaguing the Obama administration. A CNN/ORC poll found that 54% of Americans don’t believe that Congress is overreacting to the IRS scrutiny of conservative groups, while 42% said that [...]

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Singapore Stock Exchange Preview

Shayne Heffernan — Sun, 19 May 2013 19:25:58 +0000

Singapore Stock Exchange Preview Shayne Heffernan takes a look at the trading week ahead in Singapore Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish An engulfing bearish line occurred (where a black candle’s real body completely contains the previous white candle’s real body). The engulfing bearish pattern is bearish during an uptrend [...]

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The Stock Exchange of Thailand Preview

Shayne Heffernan — Sun, 19 May 2013 19:12:20 +0000

The Stock Exchange of Thailand Preview Shayne Heffernan takes a look at the week ahead on The Stock Exchange of Thailand Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish The Ultimate Thailand Stock Research, Thomson Reuters Latest Charting and News Technology call +1 801 265 8886 to get your FREE 30 Day [...]

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Singapore Dollar Weekly Preview

Shayne Heffernan — Sun, 19 May 2013 19:02:36 +0000

Singapore Dollar Weekly Preview Shayne Heffernan takes a look at Singapore Dollar trading for the week ahead. The Singapore dollar is undervalued next to the USD for now, a break above 1.26 is where I will recommence selling USD and buying SGD Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bearish Singapore Dollar [...]

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Thailand: Thai Baht Outlook

Shayne Heffernan — Sun, 19 May 2013 18:51:10 +0000

Thailand: Thai Baht Outlook Shayne Heffernan takes a look at the Thai Baht trading for the week ahead. Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bearish The Thai Baht is currently 1.2% below its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility [...]

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USD/JPY Weekly Outlook

Shayne Heffernan — Sun, 19 May 2013 18:41:20 +0000

USD/JPY Weekly Outlook Technical Outlook Short Term: Overbought Intermediate Term: Bearish Long Term: Bearish Our volume indicators reflect volume flowing into and out of JPY= at a relatively equal pace (Turning Bearish). Our trend forecasting oscillators are currently bullish on JPY but have had this outlook for the last 30 periods. Our momentum oscillator is [...]

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EUR/USD Outlook

Shayne Heffernan — Sun, 19 May 2013 18:31:38 +0000

EUR/USD Outlook Technical Outlook Short Term: Oversold Intermediate Term: Bearish Long Term: Bearish Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish. EUR is currently 1.3% below its 200-period moving average and is in an downward trend. [...]

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Five Must-See Charts for Yield Investors

Shayne Heffernan — Sun, 19 May 2013 14:15:10 +0000

HeffCap Global Dividend Focused CFD Fund, great protection in the current economic environment There are a few ways to beat Uncle Sam’s offer of less than 2% interest. MarketWatch’s Laura Mandaro asked money managers and strategists where they go to hunt for yield.

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Australian Dollar Outlook

Shayne Heffernan — Sun, 19 May 2013 14:10:29 +0000

Technical Outlook Short Term: Oversold Intermediate Term: Bearish Long Term: Bearish Australian Dollar is currently 6.2% below its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility [...]

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Key West Summer Fishing Adventures

Shayne Heffernan — Sun, 19 May 2013 13:59:23 +0000

Key West Party boat fishing is group fishing at it’s finest in the Florida Keys. In order to save you, the lucky fisherman, money on your party boat fishing trip, and still provide a great Key West fishing experience, we book a group of fishermen on a single chartered fishing trip, which lowers your cost [...]

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USD/ZAR South African Rand Outlook

Shayne Heffernan — Sun, 19 May 2013 13:34:30 +0000

USD/ZAR South African Rand Outlook Shayne Heffernan takes a look at the USD/ZAR USD/ZAR closed above the upper band by 10.6%. Although prices have broken the upper band and an upside breakout is possible, the most likely scenario is for the current trading range that ZAR is in to continue for now but reverse and [...]

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No Bull Market, Just a Cattle Stampede

LiveTradingNews.com wire staff — Sun, 19 May 2013 11:05:32 +0000

No Bull Market, Just a Cattle Stampede At market tops, bullish enthusiasm alters society’s brain chemistry to the point where what should be ridiculed becomes widely acceptable to the cattle rushing towards a terrible day of reckoning. Case in point is the following video, where 116,000 is taken as a serious possibility for the Dow [...]

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China’s Exporters Hit Hard by Rising CNY

Paul A Ebeling Jr — Sun, 19 May 2013 10:59:20 +0000

China’s Exporters Hit Hard by Rising CNY For Chinese exporters who have been facing sluggish demand from European and US markets since last year, the rising Yuan added another burden. According to the latest data from the Bank for International Settlements, the Yuan’s exchange rate index in April was 115.24, or 0.88% higher than in [...]

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Forex, Trade Idea Update: GBP/USD – Sell at 1.5315

Paul A Ebeling Jr — Sun, 19 May 2013 10:53:46 +0000

Forex, Trade Idea Update: GBP/USD – Sell at 1.5315 Chart by Pro RealTime.com GBP/USD – 1.5201 Original strategy: Sell at 1.5335, Target: 1.5180, Stop: 1.5370 New strategy: Sell at 1.5315, Target: 1.5175, Stop: 1.5350 The Cable has retreated again after meeting resistance at 1.5323 Thursday, so, a break of last week’s low at 1.5173 is [...]

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Forex, EUR/USD Broke Down Consolidation Support, and Rising Trendline

Shayne Heffernan — Sun, 19 May 2013 10:50:07 +0000

Forex, EUR/USD Broke Down Consolidation Support, and Rising Trendline EUR/USD: 1.2796 Let’s look at the falling trendline that held after a relief rally retreated from 1.2930. The 16 May session saw EUR/USD stuck in consolidation, but the 17 May Friday US session saw some action as EUR/USD broke below the previous 1.2842 low. This broke [...]

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The Currency War Rages On, USD Outlook

Paul A Ebeling Jr — Sun, 19 May 2013 10:47:20 +0000

The Currency War Rages On, USD Outlook The alignment in the currency markets has been incisive, as most countries are not bashful in their attempts to devalue their currencies. While the USD is gaining strength these days, the consequence of the current events does not look good for the USD. During Ys 2008-9 crises the [...]

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Gold Price, the Fundamentals are Still Firm

Paul A Ebeling Jr — Sun, 19 May 2013 10:42:34 +0000

Gold Price, the Fundamentals are Still Firm The World Gold Council reported strong demand for the physical metal by consumers, industry and central banks in Q-1 of Y 2013 relative to the same time last year. This growth in demand, however, is being offset by lower speculative investment demand in the form of financial assets [...]

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Obama Pays Bribes to Foreign Officials

Paul A Ebeling Jr — Sun, 19 May 2013 10:32:25 +0000

Obama Pays Bribes to Foreign Officials US Senator Bob Corker says he is waiting for an explanation from the White House over reports that the United States has made millions of dollars in secret cash payments to President Hamid Karzai of Afghanistan. Senator Corker said in a TV interview that a letter he wrote to [...]

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IRS Withheld Information From Congress

Paul A Ebeling Jr — Sun, 19 May 2013 10:28:44 +0000

IRS Withheld Information From Congress US Rep. Paul Ryan said Friday that the hearing with the ousted head of the Internal Revenue Service on the agency’s targeting of conservative groups made at least one thing clear to legislators. “The one answer we did get, though, is that the IRS withheld information from Congress,” the Wisconsin [...]

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Brazil, Retail Spending Soft

Paul A Ebeling Jr — Sun, 19 May 2013 10:20:49 +0000

Brazil, Retail Spending Soft Brazil’s monthly output grew by 0.7% in March on a M-M, seasonally-adjusted basis, according to the IBC-Br index, a proxy for monthly GDP, of the Banco Central do Brasil aka BCB, the Central Bank. The expansion reflected gains in industrial output, but retail sales were flat, indicating soft private consumption. Q-1 [...]

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India, Inflation Trends Lower

Paul A Ebeling Jr — Sun, 19 May 2013 10:19:08 +0000

India, Inflation Trends Lower India’s rate of wholesale price inflation, as measured by the wholesale price index WPI, moderated to 4.9% Y-Y in April from 6% in March. The rate of consumer price inflation also slowed, with the CPI increasing by 9.4% in April, down from 10.9% in the prior month. The provisional WPI estimates [...]

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Japan: Yen Manipulation Fails Economy

Paul A Ebeling Jr — Sun, 19 May 2013 10:17:04 +0000

Japan: Yen Manipulation Fails Economy Japan’s real GDP grew by a seasonally adjusted 0.9% Q-Q in Q-1, led by strong consumption and exports. This was the fastest rate of expansion since Q-1 of Y 2012, when the Japanese economy grew by 1.3%. On an annualized basis, the measure often quoted in local and international media, [...]

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Japan’s core machinery orders grow 14.2% in March

Paul A Ebeling Jr — Sun, 19 May 2013 10:10:26 +0000

Japan’s core machinery orders grow 14.2% in March Japan’s core private-sector machinery orders rose a seasonally adjusted 14.2% in March from February, up for the 2nd straight month, according to the government data released Friday. The figure corresponds to an upturn forecast in the orders, which exclude those for ships as well as from utilities [...]

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OECD and the Current Financial Crisis

Shayne Heffernan — Sun, 19 May 2013 09:55:25 +0000

Income inequality increased by more in the first three years of the crisis to the end of 2010 than it had in the previous twelve years, before factoring in the effect of taxes and transfers on income, according to new OECD report and data. The analysis says that the welfare state has cushioned the blow [...]

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Myanmar’s President leaves for official visit to Washington

Paul A Ebeling Jr — Sun, 19 May 2013 09:50:21 +0000

Myanmar’s President leaves for official visit to Washington Myanmar President U Thein Sein left Nay Pyi Taw Friday night for Washington to pay an official visit to the United States, official sources said. On his 1st trip to Washington as a Myanmar head of state in 47 yrs, U Thein Sein will meet his US [...]

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The IRS is too Big and too Powerful

Paul A Ebeling Jr — Sun, 19 May 2013 09:46:46 +0000

The IRS is too Big and too Powerful The ousted head of the IRS apologized to Congress Friday for his agency’s tougher treatment of tea party and other conservative groups seeking tax-exempt status, calling it “horrible customer service.” Steven Miller, who has been acting IRS commissioner, told the House Ways and Means Committee they resulted [...]

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Maserati Becomes China’s Most Disliked Auto

Paul A Ebeling Jr — Sun, 19 May 2013 09:39:44 +0000

Maserati Becomes China’s Most Disliked Auto Chinese man put “Hit” on his 2011 Maserati Quattroporte A US$420,000 (tax paid), Y 2011 Maserati Quattroporte was recently hammered in Beijing. The owner, known only by his last name of Wang hired 4 hitmen to destroy the car with sledgehammers. Reports from the Qingdao Morning Post say that [...]

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Commodities, Gold Falls for 7th Session Running, – 5% on the Week

Paul A Ebeling Jr — Fri, 17 May 2013 20:00:32 +0000

Commodities, Gold Falls for 7th Session Running, – 5% on the Week Jun Crude Oil advanced for a 3rd straight session despite strength in the USD index. The energy component briefly dipped into the Red and to a session low of 95.00 mid-morning floor trade. Then it regained momentum and recovered. It settled at 96.03, [...]

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How You Can Tell If the IRS Is Looking at You

Paul A Ebeling Jr — Fri, 17 May 2013 19:57:44 +0000

How You Can Tell If the IRS Is Looking at You AMZN, EBAY, FB Ok, you consider yourself a law abiding US citizen, and you are not starting a nonprofit organization with conservative ties. Even so, you may be a candidate for a tax audit-and you may have no clue what you have done to [...]

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The World’s Most Dangerous Waters

Shayne Heffernan — Fri, 17 May 2013 19:54:37 +0000

The World’s Most Dangerous Waters Maritime piracy a front burner issue for governments, shipping companies, cruise lines, energy firms, global conglomerates and for sailors now. And some piracy hot spots are not as “Hot” as they were in the days of old, the criminal phenomenon persists and has spread globally. When 1st looking at the [...]

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Poland Has Caught the Eye of Asian Investors

Paul A Ebeling Jr — Fri, 17 May 2013 19:51:09 +0000

Poland Has Caught the Eye of Asian Investors Outside of Asia, Poland is alone in having resisted a fall in national output for 21 yrs. It has also had one of the brightest economic recoveries since Y 2009. With a well-managed economy, government debt under tight control and clear aspirations to adopt the Euro when [...]

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China, Woman Sentenced to Death Over Ponzi Scheme

Paul A Ebeling Jr — Fri, 17 May 2013 19:47:43 +0000

China, Woman Sentenced to Death Over Ponzi Scheme A Chinese court sentenced a businesswoman to death after prosecutors accused her of running a Ponzi scheme that defrauded investors of about $70-M, shining a light on the abuses in China’s underground banking system and the severe penalties they can draw. According to a statement posted this [...]

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Moving this Market

Paul A Ebeling Jr — Fri, 17 May 2013 19:46:48 +0000

Moving this Market ADSK, DELL, JCP, JWN Industry Watch Strong: Financials, Energy, Industrials, Technology Weak: Consumer Staples, Telecom Services, Health Care Options expiration Continued leadership from financials Better-than-expected economic data From the open Friday it took about 30 mins for the S&P 500 to take back Thursday’s losses as buy-the-dip t action took hold. The [...]

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US Treasuries Down, US Dollar Up

Paul A Ebeling Jr — Fri, 17 May 2013 19:46:04 +0000

US Treasuries Down, US Dollar Up DXY, EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, USD/CAD 10-Yr: -16/32..1.946%.. USD/JPY: 103.00.. EUR/USD: 1.2825 Afternoon Update 2-yr UNCH @ 99 24/32 3-yr -01/32 @ 99 18/32 5-yr -06/32 @ 98 31/32 7-yr -10/32 @ 98 25/32 10-yr -16/32 @ 98 08/32 30-yr -1 04/32 @ 94 16/32 EUR/USD -60 pips [...]

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Wall Street Waits for a Stock Market Pull Back

Paul A Ebeling Jr — Fri, 17 May 2013 19:45:25 +0000

Wall Street Waits for a Stock Market Pull Back The Standard & Poor’s 500 Index is up 140% since the low of 9 March 2009. That asks the question of when the next pull back or correction come The topic of the next pullback is a hot one on Wall Street. “Being called ‘high-end’ is [...]

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Americans, The IRS Sees Everything You Do Online

Paul A Ebeling Jr — Fri, 17 May 2013 19:44:51 +0000

Americans, The IRS Sees Everything You Do Online The IRS may be watching your online activities including what you post on social media sites, what you sell online, even what you write in emails and text messages. Some tax experts and civil liberties groups are disturbed by what they call the agency’s secretive practices. Taxpayers [...]

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UK’s David Cameron Tenure In Question, EU Debate Continues

Paul A Ebeling Jr — Fri, 17 May 2013 19:42:09 +0000

UK’s David Cameron Tenure In Question, EU Debate Continues British Prime Minister David Cameron is struggling to maintain control over the public debate as the anti-European Union movement within his own government suddenly gains traction, leaving the future of Britain’s EU membership and of Cameron’s own tenure up in the air. Cabinet ministers Michael Gove [...]

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US Rail Cars Filled Up with Crude Oil

Paul A Ebeling Jr — Fri, 17 May 2013 19:38:59 +0000

US Rail Cars Filled Up with Crude Oil BNSF, BRK-A, BRK-B CSX, NSC, UNP In its weekly report published Thursday, the Association of American Railroads (AAR) noted that rail carloads of petroleum rose 50.8% on the week, compared to the same week a year ago. YTD, US railroads have hauled 54.1% more petroleum than they [...]

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Galllup, the American Family is Out of Money

Paul A Ebeling Jr — Fri, 17 May 2013 19:24:10 +0000

Galllup, the American Family is Out of Money According to a new Gallup poll on the financial needs of the American family: The federal poverty threshold for a family of four is just under $24,000; however, Americans believe such a family unit living in their community needs more than double that — $58,000 — just [...]

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Can Orb Win the Preakness

Shayne Heffernan — Fri, 17 May 2013 18:01:34 +0000

Can Orb Win the Preakness Brought to you by CarbonSports, the leader in US Horse Racing Visit carbonSports Eight 3-year-old colts are entered to challenge Orb in the Preakness, among them Departing, who skipped the Derby, but is drawing a lot of interest as one of the so-called new shooters in Saturday’s race. After winning [...]

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Glen’s Diamond Beats Top Trip in Yorkshire Cup

Shayne Heffernan — Fri, 17 May 2013 17:39:11 +0000

Glen’s Diamond and Top Trip pulled clear of the field and the pair went neck-and-neck to the line. Top Trip had looked on top form when jockey Mickael Barzalona switched him up the inside to challenge Glen’s Diamond from two furlongs out. They crossed the line together but Glen’s Diamond was judged to have nosed [...]

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IMF Reports, Spain Is Insolvent

Paul A Ebeling Jr — Fri, 17 May 2013 16:50:05 +0000

IMF Reports, Spain Is Insolvent Spain is officially insolvent. The IMF’s report, he says, comes as close to declaring Spain as being insolvent as we will ever see in an official analysis. Spain’s budget deficit is projected to decline this year to 6.6% of GDP. That steep drop is mostly due to the cost of [...]

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Grupo Simec , S.A.B de C.V. (NYSE: SIM) Buyback

Shayne Heffernan — Fri, 17 May 2013 14:56:37 +0000

Grupo Simec , S.A.B de C.V. (NYSE: SIM) Buyback Grupo Simec , S.A.B de C.V. (NYSE: SIM) announces to the general public that through its repurchase fund, on May 16, 2013, bought 100,000 of its own shares, (SIMEC-B). Grupo Simec S.A.B de C.V. has authorized a repurchase fund of $ 1,000 million pesos, which will [...]

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China Data Points to Slower Economy

Shayne Heffernan — Fri, 17 May 2013 14:34:23 +0000

China Data Points to Slower Economy The annual growth in sales of consumer goods is expected to slow this year, with growth mainly driven by private consumption rather than public spending, according to a new report. The report said, the growth in retail sales of consumer goods will mostly be backed by demand from private [...]

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Economic Index® (LEI) for Spain Declines

Shayne Heffernan — Fri, 17 May 2013 14:31:29 +0000

Economic Index® (LEI) for Spain Declines The Conference Board Leading Economic Index® (LEI) for Spain declined 0.2 percent in March to 104.4 (2004 = 100), following a 0.4 percent decline in February, and a 0.6 percent increase in January. At the same time, The Conference Board Coincident Economic Index® (CEI) for Spain, a measure of [...]

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Obama is the New Nixon

Paul A Ebeling Jr — Fri, 17 May 2013 13:43:47 +0000

Obama is the New Nixon Obama rebuffed a comparison between his governing style and that of former President Richard Nixon. “I’ll let you guys engage in those comparisons,” Mr. Obama said. “You can read the history and draw your own conclusions.” President Obama said Thursday a “balance” should be struck between national security interests and [...]

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Try Thomson Reuters XENITH Free

Shayne Heffernan — Fri, 17 May 2013 12:09:01 +0000

Try Thomson Reuters XENITH Free Power to the Private Trader Loaded with real-time news & data, fundamentals, economic reporting, analytics, and much more, MetaStock XENITH is quite simply the most powerful platform available to the private trader. MetaStock XENITH Redefines How You look at the Market We’ve placed the most comprehensive market information, news, analytics, [...]

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Masterpiece paintings return to England for 1st time in 230 yrs

Paul A Ebeling Jr — Fri, 17 May 2013 11:21:05 +0000

Masterpiece paintings return to England for 1st time in 230 yrs A world-class collection of oil paintings returned from Russia to England which was set to exhibit Friday is like the treasures of the Forbidden City returning to Beijing, the exhibition curator said. The bulk of the collection of oil paintings brought together by the [...]

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China Cuts the ” Red Tape” for Investment Projects

Paul A Ebeling Jr — Fri, 17 May 2013 11:07:55 +0000

China Cuts the ” Red Tape” for Investment Projects HBC In a move to cut the “red tape” and boost economic growth, China has decided to eliminate the need for central government approval for a wide range of investments. Local governments can now give approval for some investment projects, the State Council, or cabinet, said [...]

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US Democrats Seek More Action in White House Scandal

Paul A Ebeling Jr — Fri, 17 May 2013 11:07:30 +0000

US Democrats Seek More Action in White House Scandal Some US Democrats that are very worried about the unfolding controversy at the Internal Revenue Service IRS believe US President Obama did now quiet the uproar by ousting the agency leader. They say he needs to act more aggressively to shore up his political standing and [...]

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Bill Gates is Once Again the World’s Richest Man

Paul A Ebeling Jr — Fri, 17 May 2013 10:58:42 +0000

Bill Gates is Once Again the World’s Richest Man MSFT, AMX Bill Gates, 57 anni, the co-Founder of Microsoft Corp. NYSE:MSFT, recaptured the title of world’s richest person from Mexican investor Carlos Slim Thursday, LTN learned early Friday. It is the first time Mr. Gates has held the mantle since Y 2007, citing data from [...]

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Crude Oil prices rise on speculation of more central bank stimulus

Paul A Ebeling Jr — Fri, 17 May 2013 10:56:47 +0000

Crude Oil prices rise on speculation of more central bank stimulus Crude Oil prices went up Thursday on speculation that global central banks will boost stimulus after downbeat economic data. The advance figure for seasonally adjusted initial unemployment claims in the week ending 11 May increased 32,000 to 360,000, the highest level in 6 wks, [...]

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Baptist Newspaper Said IRS Targeted Them‏

Paul A Ebeling Jr — Fri, 17 May 2013 10:55:54 +0000

A 180 anni Baptist newspaper said Thursday that it was targeted by the US Internal Revenue Service for extra scrutiny. The Biblical Recorder, published by the North Carolina Baptist State Convention, said it was singled out by the agency in March. Last Summer, the Recorder gained national attention after Allan Blume, its editor, published an [...]

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IRS Scandal, Executive that Managed the Targeting Collected Big Bonuses

Paul A Ebeling Jr — Fri, 17 May 2013 10:49:05 +0000

IRS Scandal, Executive that Managed the Targeting Collected Big Bonuses The executive in charge of the Internal Revenue Service’s tax exemption department received more than $42,000 in bonuses over three years. The IRS, in response to a Freedom of Information Act request from The Washington Examiner, provided data showing that Lois Lerner, who is director [...]

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American Liberals Are Call for Eric Holder’s Ouster

Paul A Ebeling Jr — Fri, 17 May 2013 10:48:48 +0000

American Liberals Are Call for Eric Holder’s Ouster Radio talk-show host Bill Press, former Chairman of the California Democratic Party, has become at least the 2nd heavyweight liberal commentator to call for the ouster of Attorney General Eric Holder. Writing over Twitter, Mr. Press blasted Holder for the Justice Department’s seizure of Associated Press reporters’ [...]

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IRS Targeted Catholic League

Paul A Ebeling Jr — Fri, 17 May 2013 10:47:35 +0000

IRS Targeted Catholic League The problems with the IRS extend beyond playing politics with conservative groups seeking a tax-exempt status. Dr. William Donohue said Thursday, I have never made this public before, but given the heightened interest in the way the IRS has conducted itself, the time has come to disclose what happened. Just weeks [...]

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US House Judiciary Committee Gets Tough With AG Holder

Paul A Ebeling Jr — Fri, 17 May 2013 10:43:53 +0000

US House Judiciary Committee Gets Tough With AG Holder Attorney General Eric Holder had words with Rep. Darrell Issa (Rep-CA.) during Wednesday’s House Judiciary Committee hearing, criticizing the congressman’s behavior as “unacceptable” and “shameful.” Rep. Issa, who chairs the House Committee on Oversight & Government Reform, fired an aggressive line of questioning at Mr. Holder, [...]

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ASEAN Stock Exchange Preview

Shayne Heffernan — Thu, 16 May 2013 20:15:36 +0000

ASEAN Stock Exchange Preview Singapore The FTSE Straits Times Index (STI) ended +10.75 points higher or +0.31% higher to 3,452.28, taking the year-to-date performance to +9.01%. The FTSE ST Mid Cap Index declined -0.22% while the FTSE ST Small Cap Index gained +0.07%. The top active stocks were Singtel (+0.25%), DBS (-0.58%), GLP (+2.08%), THBev [...]

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Judge denies Jodi Arias’ lawyers’ request to withdraw

Paul A Ebeling Jr — Thu, 16 May 2013 19:51:54 +0000

Judge denies Jodi Arias’ lawyers’ request to withdraw Attorneys for Jodi Arias asked to step down from the case after their client was convicted of first-degree murder, but a judge denied the request. Arias returns to court Thursday for the final phase of her trial as the same jury that convicted her last week now [...]

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Obama Says, I Had No Advance Knowledge of Probe of IRS Actions

Paul A Ebeling Jr — Thu, 16 May 2013 19:06:26 +0000

Obama Says, I Had No Advance Knowledge of Probe of IRS Actions Thursday, US President Obama said he had no advance warning about an inspector general’s report on the Internal Revenue Service’s IRS selective scrutiny of small-government advocacy groups. With the inspector general’s report and investigations by Congress and the Justice Department, Mr. Obama said [...]

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US Treasuries Up, US Dollar Down

Paul A Ebeling Jr — Thu, 16 May 2013 17:34:10 +0000

US Treasuries Up, US Dollar Down DXY, EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, USD/CAD 10-Yr: +18/32..1.875%.. USD/JPY: 102.25.. EUR/USD: 1.2885 Afternoon Update 2-yr UNCH @ 99 24/32 3-yr +02/32 @ 99 20/32 5-yr +07/32 @ 99 08/32 7-yr +12/32 @ 99 07/32 10-yr +18/32 @ 98 28/32 30-yr +1 06/32 @ 95 28/32 EUR/USD +5 pips [...]

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Moving This Market

Paul A Ebeling Jr — Thu, 16 May 2013 17:33:25 +0000

Moving This Market Industry Watch Strong: Technology, Materials Weak: Consumer Discretionary, Health Care Weekly initial claims: 360-K actual, 330-K consensus, 328-K prior Continuing claims fell to 3.009 million from 3.013 million April CPI: -0.4% actual, -0.2% consensus, -0.2% prior Core CPI: +0.1% actual, -0.2% consensus, -0.2% prior April Housing starts: 853,000 actual, 970,000 consensus, 1,021,000 [...]

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ECB’s Liikanen, Bail-Ins, Not Bail-Outs Should Be the Rule

Paul A Ebeling Jr — Thu, 16 May 2013 17:32:36 +0000

ECB’s Liikanen, Bail-Ins, Not Bail-Outs Should Be the Rule Europe needs clear and transparent rules on which creditors will be the 1st to face losses when a bank fails, one that shift the burden from the taxpayer, a member of the European Central Bank’s decision-making panel said Thursday evening. “Bailout, which means government support, should [...]

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Japan In Doubt Over Currency Move

Paul A Ebeling Jr — Thu, 16 May 2013 17:32:14 +0000

Japan In Doubt Over Currency Move BOJ Discussing Potential Impact of Rise in Long-Term Rates Amid concern over a sudden rise in long-term interest rates, the Bank of Japan will discuss the related risks and potential effect on its 2% inflation target at its 2-day policy meeting next week, The Nikkei reported in its Friday [...]

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VaporBrands International Inc (OTCMKTS:VAPR) To Reverse Split, Issue New Stock

Shayne Heffernan — Thu, 16 May 2013 17:05:34 +0000

VaporBrands International Inc (OTCMKTS:VAPR) To Reverse Split, Issue New Stock VAPR looks ready to collapse here after news today that they have not paid their licensing deal VaporBrands International, Inc. (pinksheets:VAPR) (“VAPR, VBI”), reports that VAPR is evaluating a corporate restructuring and new business opportunities unrelated to the current business model of branding and selling [...]

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Italy, Silvio Berlusconi’s Opera Could Weaken Fragile Coalition

Shayne Heffernan — Thu, 16 May 2013 17:00:46 +0000

Italy, Silvio Berlusconi’s Opera Could Weaken Fragile Coalition The never-ending corruption and sex crime cases against Silvio Berlusconi, the Italian media mogul and former prime minister, could trigger a deep split between Berlusconi’s center-right People of Freedom (PDL) party and the center-left Democratic Party (PD), undermining the current, fragile government coalition. Mr. Berlusconi has been [...]

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Warren Buffet Gets a Downgrade

Shayne Heffernan — Thu, 16 May 2013 16:25:04 +0000

Warren Buffet Gets a Downgrade Warren Buffet’s Berkshire Hathaway NYSE:BRK has been downgraded today as ratings agencies express concern that Berkshire’s stock holdings make the company risky, as does its practice of keeping less capital to protect against losses than its competitors do. S&P’s downgrade of United States debt has also dragged Berkshire Hathaway’s rating [...]

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Growing Regulatory Pressure, Geopolitical Unrest And A Global Economic Crisis

Shayne Heffernan — Thu, 16 May 2013 15:57:41 +0000

Growing Regulatory Pressure, Geopolitical Unrest And A Global Economic Crisis According to a new KPMG International survey report, regulatory pressure is consistently one of the biggest threats facing companies across industries, and the number one challenge facing financial services and energy and natural resources companies. Regulatory, namely government pressure to contain spending, was the top [...]

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Wave Power China Green Energy

Shayne Heffernan — Thu, 16 May 2013 15:29:55 +0000

Wave Power China Green Energy During last week, Eco Wave Power’s founders, Mr. David Leb (Founder and CEO) and Ms. Inna Braverman (Co-Founder & Marketing Director) arrived to Kempinski Hotel in Beijing in order to sign an initial collaboration agreement between EWP and a Chinese Governmental fund. The agreement was executed in an official signing [...]

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10 BEST FAMILY CARS OF 2013

Shayne Heffernan — Thu, 16 May 2013 14:29:57 +0000

Families in the market for a new car can see which models the experts recommend most in the list of 10 Best Family Cars of 2013 by the editors of Kelley Blue Book www.kbb.com, the leading provider of new and used car information. All families are not created alike, so it stands to reason that [...]

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China Real Estate News

Shayne Heffernan — Thu, 16 May 2013 13:42:32 +0000

China Real Estate News The average price of land purchased by Chinese property developers surged 21.1 percent year-on-year in the first four months of this year, according to the latest data. The Shanghai-based E-house China R&D Institute said in a report released on May 14 that the growth rate was 6 percentage points faster than [...]

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Amazon NASDAQ:AMZN UK Tax Fight

Shayne Heffernan — Thu, 16 May 2013 09:39:37 +0000

Amazon NASDAQ:AMZN UK Tax Fight Amazon NASDAQ:AMZN came under renewed fire over its British tax status after official figures revealed it only paid £2.4 million on UK sales of £4.2 billion last year. Figures filed to investors in the online retailer will increase the scrutiny on company executives when they appear before a parliamentary committee [...]

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Japan Targets China, ASEAN in Currency War

Shayne Heffernan — Thu, 16 May 2013 09:33:11 +0000

Japan Targets China, ASEAN in Currency War The depreciation in the Japanese yen has greatly affected China’s exports to the country, although Japan’s quantitative easing measures are conducive to its domestic market recovery, the Ministry of Commerce said on Thursday. China’s currency the yuan strengthened 6.1 percent against the yen in April, while China’s exports [...]

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George Soros Fund Dumps Banks, Reduces USA, Gold Exposure

Paul A Ebeling Jr — Thu, 16 May 2013 09:10:25 +0000

George Soros Fund Dumps Banks, Reduces USA, Gold Exposure Soros Fund reports no stakes in Morgan Stanley NYSE: MS, JP Morgan NYSE:JPM AAPL, GE, JCP GDX, GLD, C, AIG Soros Fund Management LLC disposed of stakes in banking giants J.P. Morgan Chase & Co.,and Morgan Stanley in Q-1, while lowering its position in Citigroup Inc. [...]

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Indonesia, Another Worker Found Dead at Freeport’s NYSE:FCX Collapsed Tunnel

Paul A Ebeling Jr — Thu, 16 May 2013 09:05:39 +0000

Indonesia, Another Worker Found Dead at Freeport’s NYSE:FCX Collapsed Tunnel Another worker was found dead Thursday at PT Freeport Grasberg mine in the east, raising the death toll from a tunnel collapse to five, a local policemen said. “We found another worker who was killed in the accident,” Tembaga Pura police chief Sudirman said. The [...]

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High Level Corruption in the USA

Paul A Ebeling Jr — Thu, 16 May 2013 09:04:18 +0000

IRS Stalled Conservatives, Gave Liberals a Pass on Tax Exemptions Evidence is piling up that the Internal Revenue Service gave better treatment to left-wing groups than those on the right, with data showing the agency approved dozens of liberal and progressive organizations as tax-exempt while leaving conservative groups hanging. No Tea Party applications were approved [...]

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China Withdraws Stimulus

Paul A Ebeling Jr — Thu, 16 May 2013 09:00:55 +0000

China Withdraws Stimulus China’s central bank is set to reduce the amount of money in the financial system this week for the 1st time in 3 wks, as the flow of speculative funds from overseas increases the need to avoid oversupply. The People’s Bank of China is likely to drain a net CNY35-B ($5.70-B) through [...]

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Anthony Weiner is Running for Mayor of NYC

Paul A Ebeling Jr — Thu, 16 May 2013 09:00:17 +0000

Anthony Weiner is Running for Mayor of NYC Former US Congressman Anthony Weiner is “definitely running” for Mayor of New York this year, one of his allies told the NY Post. Mr. Weiner resigned from Congress in Y 2011 after admitting that he sent nude photos of himself to several women over Twitter. The buzz [...]

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Global economic recovery losing momentum

Paul A Ebeling Jr — Thu, 16 May 2013 08:54:27 +0000

Global economic recovery losing momentum Global economic recovery has lost momentum over the past three months, with several economies still facing significant challenges and are unlikely to resume “normal” growth rates soon, the investors service of international credit rating agency Moody’s said Wednesday. In a report titled “Update to Global Macro Outlook 2013-14: Loss of [...]

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Japan’s Abe May Consider North Korea Meeting

Paul A Ebeling Jr — Thu, 16 May 2013 08:54:13 +0000

Japan’s Abe May Consider North Korea Meeting Japan’s Prime Minister Shinzo Abe said Wednesday he may consider meeting North Korean leader Kim Jong Un if it will help resolve the long-pending issue of Pyongyang’s kidnapping of Japanese citizens. “If a summit meeting is deemed as an important means in considering ways to resolve the abduction [...]

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Indonesia to simplify business license for the Crude Oil, Nat Gas sector

Paul A Ebeling Jr — Thu, 16 May 2013 08:52:49 +0000

Indonesia to simplify business license for the Crude Oil, Nat Gas sector Indonesian President Susilo Bambang Yudhoyono said Wednesday that the government would simplify licensing for investment on oil and gas sector, in a bid to attract investment. President Yudhoyono said that the number of license for exploration and production that had to be owned [...]

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Vietnam targets to earn US$40-B from electronics exports by 2017

Paul A Ebeling Jr — Thu, 16 May 2013 08:51:11 +0000

Vietnam targets to earn US$40-B from electronics exports by 2017 SSNLF Vietnam set a target to earn US$40-B from electronics exports by Y 2017, over nearly US$20-B from Y 2012. The remarks were made by Vietnamese Deputy Prime Minister Nguyen Thien Nhan at the 18th Annual World Electronics Forum (WEF) in capital Hanoi, which drew [...]

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Chinese Concerned About Bloomberg Terminals

Paul A Ebeling Jr — Thu, 16 May 2013 08:48:07 +0000

Chinese Concerned About Bloomberg Terminals Chinese users of Bloomberg terminals expressed concerns Wednesday about Bloomberg News allowing journalists access to data on how clients use the terminals and urged the company to protect client data and ensure financial security. The concerns were in response to media reports Tuesday that China’s central bank and foreign exchange [...]

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Jury Says, Jodi Arias Should Face Death Penalty

Paul A Ebeling Jr — Thu, 16 May 2013 08:45:04 +0000

Jury Says, Jodi Arias Should Face Death Penalty The same Phoenix jury that convicted Jodi Arias for the 2008 slaying of her ex-boyfriend, Travis Alexander, declared Wednesday that she is eligible for the death penalty. The jury returned the eligibility verdict after less than 3 hrs of deliberation. In Arizona, the jury must first decide [...]

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Steven Miller Boss of IRS Forced to Resign

Shayne Heffernan — Thu, 16 May 2013 08:43:30 +0000

Steven Miller Boss of IRS Forced to Resign The boss of the US Internal Revenue Service resigned Wednesday, in the wake of the Internal Revenue Service’s scandalous treatment of Tea Party groups. US President Obama made the announcement from the White House, saying Treasury Secretary Jacob Lew requested and accepted the resignation of the IRS [...]

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Jodi Arias Life or Death?

Shayne Heffernan — Wed, 15 May 2013 20:10:52 +0000

Jodi Arias Life or Death? Jurors are considering whether the death penalty should be an option for Jodi Arias after convicting her last week of murdering her former boyfriend, Travis Alexander. If the jury decides Alexander died in a cruel, heinous and depraved manner, then the next phase will begin to determine whether Arias lives [...]

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ASEAN Stock Exchange Preview

Shayne Heffernan — Wed, 15 May 2013 20:04:47 +0000

ASEAN Stock Exchange Preview Indonesia Bumi Serpong Damai, an Indonesian property company based in Jakarta, plans to raise as much as Rp 175 billion ($18 million) from the sale of shares in a rights offering this year. The property company plans to sell its 1.75 billion new shares in a limited public offering at a [...]

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New York Fed Manufacturing Zone Enters Recession Levels

Paul A Ebeling Jr — Wed, 15 May 2013 19:47:46 +0000

New York Fed Manufacturing Zone Enters Recession Levels More economic data is out for the markets to digest. Inflation appears to be be nonexistent. The bad news, that manufacturing in the New York area is contraction rather than holding on to modest growth. Price Index (PPI) to cover inflation at the wholesale and production level. [...]

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New York Fed Manufacturing Zone Enters Recession Levels

Paul A Ebeling Jr — Wed, 15 May 2013 19:45:59 +0000

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Germany Cannot Stop Eurozone From Sinking Into Long Recession

Paul A Ebeling Jr — Wed, 15 May 2013 19:41:40 +0000

Germany Cannot Stop Eurozone From Sinking Into Long Recession Germany’s economy crept back into growth at the start of the year but not by enough to stop the Eurozone from contracting for a record sixth straight quarter, and France slid into recession. Falling output across the bloc meant the 17-nation economy is in its longest [...]

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Obamagate: The Impeachable Offense

Paul A Ebeling Jr — Wed, 15 May 2013 15:35:48 +0000

Obamagate: The Impeachable Offense Veteran political analyst and best-selling author Dick Morris says that US President Obama “sure knew” about the IRS’ policy of targeting conservative groups for scrutiny. He also asserts that the IRS went so far as to audit Mitt Romney’s donors during the presidential campaign. And he says the Obama administration’s snooping [...]

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A Look a 888 Poker Tournaments

Gossip in Hollywood — Wed, 15 May 2013 13:40:44 +0000

A Look a 888 Poker Tournaments General Perks: • All new players get $8 FREE – No deposit necessary! • Players get a welcome bonus of 100% up to $400 released in chunks: for every 100 status points, players get $10 released • #1 site for beginner players/casual players • Sleek and smooth new software [...]

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Google NASDAQ; GOOG to Launch Spotify Style Music Service

Paul A Ebeling Jr — Wed, 15 May 2013 13:29:54 +0000

Google NASDAQ; GOOG to Launch Spotify Style Music Service AAPL, P, AMZN Google’s Android unit to set launch a paid subscription music streaming service like that of Spotify AB as soon as this week. Wednesday, Google hosts its annual conference for software developers, Google I/O, where it has previewed music-related initiatives in past years and [...]

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Obamagate: Can the US President Survive

Paul A Ebeling Jr — Wed, 15 May 2013 12:44:32 +0000

Obamagate: Can the US President Survive Obama Scandals, the IRS Scandal Reaches into the White House Cleta Mitchell, one of Washington’s most respected elections attorneys, said Tuesday she has tangible evidence that high-ranking IRS officials in Washington were fully aware of the agency’s campaign to target conservative groups for heightened scrutiny, despite their denials. And [...]

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The Daily Gold Price Report

Shayne Heffernan — Wed, 15 May 2013 12:20:57 +0000

The Daily Gold Price Report Shayne Heffernan takes a look at the Gold Price MARKETS Spot gold fell as much as 0.5% to $1,418.63 lowest since April 24. June- gold drops as much as 0.5% to $1,417. FACTORS U.S. equities rise limits gold’s safe haven appeal . DJIA gained 123.57 to close at a record [...]

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CURRENCIES: USD Holding Around Multiyear High Vs. the JPY

Paul A Ebeling Jr — Wed, 15 May 2013 12:15:35 +0000

CURRENCIES: USD Holding Around Multiyear High Vs. the JPY DXY, USD/JPY, AUD/USD, EUR/USD, GBP/USD The USD slipped against the Japanese Yen Wednesday, though it held near its highest level in more than 4 yrs on prospects for an improving US economy and the end of monetary stimulus by the US Federal Reserve. The Dollar (USDJPY) [...]

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The Viaggio Coffee Machine Fills Your Travel Mug For You

Paul A Ebeling Jr — Wed, 15 May 2013 12:14:47 +0000

The Viaggio Coffee Machine Fills Your Travel Mug For You Viaggio Coffee Maker A lot of people are in the habit of preparing their own morning caffeine hits at home and taking their drinks with them on their journeys to work. The Viaggio Coffee Maker renders this routine a little more efficient by filling your [...]

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Vampire Merlot is Made for the Connoisseur

Paul A Ebeling Jr — Wed, 15 May 2013 12:14:16 +0000

Vampire Merlot is Made for the Connoisseur These Dracula-inspired wines are perfect for the Vampire fanatic. What better time could there be to order a Dracula-inspired wine than to celebrate the new Dracula movie staring Luke Evans and Jonathon Rhys-Myers is set to launch Summer 2014? These wines come in a wide selection, but the [...]

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Abu Dhabi Airport Features Sleeping Pods For Your Relaxation

Paul A Ebeling Jr — Wed, 15 May 2013 12:13:32 +0000

Abu Dhabi Airport Features Sleeping Pods For Your Relaxation Falling asleep in airports happens often, one that forces people into arranging themselves in uncomfortable positions on a bench in front of random strangers, but the Abu Dhabi International Airport is changing that experience with its new sleeping pods. The ‘GoSleep’ sleeping pods allow airport patrons [...]

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EU wants Switzerland to end bank secrecy

Paul A Ebeling Jr — Wed, 15 May 2013 12:10:26 +0000

EU wants Switzerland to end bank secrecy EU finance ministers gave the Green Light Tuesday to start talks with Switzerland and Liechtenstein about surrendering bank data, as Europe stepped up its fight against tax evasion. The move, described as ‘historic’ by Germany’s Finance Minister Wolfgang Schaeuble, redoubles pressure on Switzerland to open up account details [...]

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New Zealand Hotel Chain Launches China Optimum Service Standards

Shayne Heffernan — Wed, 15 May 2013 12:08:09 +0000

New Zealand Hotel Chain Launches China Optimum Service Standards ACRFY, ACRFF New Zealand’s largest hotel group, Accor PINK:ACRFY, ACRFF, will introduce Optimum Service Standards at a range of its hotels to cater for the country’s fastest growing tourism market, China. The move followed New Zealand Prime Minister John Key’s call to upgrade services to Chinese [...]

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World’s central banks rush to cut rates, but China stands firm

Paul A Ebeling Jr — Wed, 15 May 2013 12:06:33 +0000

World’s central banks rush to cut rates, but China stands firm While central banks worldwide have cut rates and weakened their currencies in response to the plummeting Japanese Yen, China has stood firm, confident that its economy, the world’s 2nd biggest, can withstand current global weakness, a leading economist says. Central banks in the eurozone, [...]

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RBS NYSE:RBS expects to complete banks restructure in 2014

Paul A Ebeling Jr — Wed, 15 May 2013 12:02:41 +0000

RBS NYSE:RBS expects to complete banks restructure in 2014 Royal Bank of Scotland expects to go from “bust bank” to “normal bank” and mostly completed the bank restructuring in Y 2014, said the Bank top-level executive on Tuesday. The journey from “bust bank” to “normal bank” would take five years as the rescue of RBS [...]

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Shanghai Free Trade Zone Update

Paul A Ebeling Jr — Wed, 15 May 2013 11:59:53 +0000

Shanghai Plans Free Trade Zone SS:600284 Despite rapid development in the past few years, many die-hard traditionalists in Shanghai still believe in the old adage that a bed in Puxi is preferred to a house in Pudong. But this “wilderness” has now become the focus of the city’s future. And this is not just related [...]

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US Treasuries Fall for 7th Time in 8 Days

Paul A Ebeling Jr — Tue, 14 May 2013 20:06:24 +0000

US Treasuries Fall for 7th Time in 8 Days 10-Yr: -10/32..1.963%.. USD/JPY: 102.20.. EUR/USD: 1.2943 US Treasuries reversed their early gains, finishing lower for the 7th time in the past 8 sessions. The complex saw modest overnight buying persist into the US session, but maturities were unable to hold their early gains as sellers emerged [...]

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ASEAN Stock Exchange Preview

Shayne Heffernan — Tue, 14 May 2013 20:03:24 +0000

ASEAN Stock Exchange Preview Singapore The FTSE Straits Times Index (STI) ended +3.80 points higher or +0.11% higher to 3,432.76, taking the year-to-date performance to +8.39%. The FTSE ST Mid Cap Index gained +0.25% while the FTSE ST Small Cap Index gained +0.08%. The top active stocks were GoldenAgri (+5.66%), Singtel (+1.79%), DBS (-0.06%), THBev [...]

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Calls For Eric Holder’s Resignation Over Justice Department AP Scandal

Paul A Ebeling Jr — Tue, 14 May 2013 19:52:01 +0000

Calls For Eric Holder’s Resignation Over Justice Department AP Scandal Republican National Committee RNC Chairman Reince Priebus called for Attorney General Eric Holder’s resignation Tuesday, saying Holder had “trampled on the First Amendment.” Mr. Holder was caught in controversy Monday when it was revealed the US Justice Department had secretly obtained 2 months of telephone [...]

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US Attorney General Holder Sidestepped AP Spying Case

Paul A Ebeling Jr — Tue, 14 May 2013 19:50:44 +0000

US Attorney General Holder Sidestepped AP Spying Case The US Justice Department says Attorney General Eric Holder removed himself from a decision to subpoena phone records of The Associated Press. A Justice Department statement Tuesday says that Holder stepped aside, a procedure known as recusal. The statement says AG Holder stepped aside because he had [...]

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US 30 yr Mortgage Rate Rising

Paul A Ebeling Jr — Tue, 14 May 2013 19:49:55 +0000

US 30 yr Mortgage Rate Rising Z Real-estate website Zillow Inc. NASDAQ:Z said its real-time rate on 30-yr fixed-rate mortgages rose for a second straight week after a string of declines. The 30-yr fixed-mortgage rate on Zillow Mortgage Marketplace was 3.48%, up from 3.39% a week earlier. The Mortgage Marketplace, which launched in April 2008, [...]

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Australia Economy Suffers from Wayne Swan

Shayne Heffernan — Tue, 14 May 2013 19:49:03 +0000

Australia Economy Suffers from Wayne Swan Wayne Swan, Australia’s worst ever treasurer has managed to leave Australia worse off then he started, despite a mining boom and potential riches, Mr Swan’s anti business, xenophobic policies kept the country going backwards. Although the Global economy is in some serious doubt there was room over the past [...]

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Thailand CPN Global Expands to Malaysia

Shayne Heffernan — Tue, 14 May 2013 19:40:50 +0000

I-Bhd and Thai mall specialist CPN Global Company Ltd have entered into a joint venture to build a 1.5 million sq ft mall in I-Bhd’s flagship development i-City with a gross development value of RM580mil. I-Bhd would have a 40% stake via i-City Properties Sdn Bhd (ICP) in the joint venture while CPN would have [...]

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Euro Crisis Remains a Threat

Shayne Heffernan — Tue, 14 May 2013 19:36:59 +0000

Euro Crisis Remains a Threat A majority of European investors believes that the eurozone debt crisis is still a threat to financial markets which are rising strongly despite weak activity in Europe, according to Fitch Ratings agency in a report yesterday. The findings were based on a quarterly survey carried out between April 3 and [...]

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Scomi Group Bhd Upgraded

Shayne Heffernan — Tue, 14 May 2013 19:34:42 +0000

Scomi Group Bhd Upgraded Oil and gas services provider Scomi Group Bhd has secured a contract worth RM98.5mil from Dragon Oil (Turkmenistan) Ltd for the provision of drilling and completion fluids services in Turkmenistan. “This win is certainly testimony of the quality of our products and services to our client. Our drilling and completion fluid [...]

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Iskandar Real Estate News

Shayne Heffernan — Tue, 14 May 2013 19:32:00 +0000

Iskandar Real Estate News MMC Corp Bhd plans to further unlock the value of the company’s massive landbank, in excess of 4,500 acres located in Iskandar Malaysia, by strategically developing the land for industrial customers. Group managing director Datuk Hasni Harun revealed that the company, via subsidiaries, has two large pieces of land in Johor [...]

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MOLPoints Come to Indonesia

Shayne Heffernan — Tue, 14 May 2013 19:27:10 +0000

MOLPoints Come to Indonesia MOL Global Pte Ltd’s Indonesia unit has teamed up with retailer PT Sumber Alfaria Trijaya Tbk to sell MOLPoints online to reach out to Indonesia’s 15 million avid online gamers. MOL said on Tuesday its game vouchers would be available through Sumber Alfaria’s Alfamart and Alfamidi outlets in Indonesia. For MOL, [...]

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2013 U.S. and Women’s Chess Champions

Shayne Heffernan — Tue, 14 May 2013 19:22:32 +0000

2013 U.S. and Women’s Chess Champions Crowned in Saint Louis Grandmaster Gata Kamsky and International Master Irina Krush win prestigious Championship titles The Chess Club and Scholastic Center of Saint Louis (CCSCSL) crowned Grandmaster Gata Kamsky, 38, the 2013 U.S. Chess Champion and Irina Krush , 29, the 2013 Women’s Chess Champion. Both champions hail [...]

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Cabineering Debuts in West Yellowstone

Paul A Ebeling Jr — Tue, 14 May 2013 19:16:54 +0000

“Cabineering,” a new trend offered in West Yellowstone, provides the comforts of home and the perks of a hotel for adventurous travelers in remote areas. Explorer Cabins at Yellowstone, a 50-cabin property, is scheduled to open July 1. Explorer Cabins will provide a unique vacation experience by combining several lodging trends, including cabineering, “generational travel” [...]

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The CFTC Wants Info about Off-Exchange Trading

Paul A Ebeling Jr — Tue, 14 May 2013 19:03:38 +0000

The CFTC Wants Info about Off-Exchange Trading MS The Commodity Futures Trading Commission sent letters to market participants asking for information about complex trades used in energy and metal derivatives markets. The type of trade, known as an “exchange for relative positions,” was created as a work-around between the regulated on-exchange futures market and the [...]

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US Treasuries Down, US Dollar Up

Paul A Ebeling Jr — Tue, 14 May 2013 18:42:41 +0000

US Treasuries Down, US Dollar Up DXY, EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, USD/CAD 10-Yr: -06/32..1.942%.. USD/JPY: 102.25.. EUR/USD: 1.2960 Afternoon Update 2-yr UNCH @ 99 24/32 3-yr UNCH @ 99 18/32 5-yr -01/32 @ 98 30/32 7-yr -05/32 @ 98 23/32 10-yr -06/32 @ 98 07/32 30-yr -14/32 @ 94 18/32 EUR/USD -20 pips @ [...]

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EU’s Barnier, Most Oppose Cyprus Bank Solution

Paul A Ebeling Jr — Tue, 14 May 2013 18:41:30 +0000

EU’s Barnier, Most Oppose Cyprus Bank Solution A “large number of European Union member states would support only imposing losses on depositors over EUR100,000 during bank wind-downs as a last resort, EU financial-regulation Chief Michel Barnier said Tuesday. Mr. Barnier, who was speaking at a press conference after an EU finance ministers’ meeting in Brussels, [...]

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IRS, AP Scandals Are US President’s Abuses and Failures

Paul A Ebeling Jr — Tue, 14 May 2013 18:41:10 +0000

IRS, AP Scandals Are US President’s Abuses and Failures News the IRS targeted conservative groups for intense scrutiny is only one in a series of revelations pointing to a culture of expediency and intolerance in Barack Obama’s White House that has corrupted his administration. Cases in Point: the September slayings of Ambassador Chris Stevens and [...]

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White House Lied About Benghazi, IRS Scandal Like Nixon Watergate

Paul A Ebeling Jr — Tue, 14 May 2013 18:38:24 +0000

White House Lied About Benghazi, IRS Scandal Like Nixon Watergate Monday night, Former Vice President Dick Cheney charged that “several officials up to and including President Obama” are complicit in a cover-up to hide the truth about last September’s terrorist attack on the US diplomatic mission in Benghazi in which Ambassador Chris Stevens and three [...]

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Plandai Biotechnology Inc (OTCMKTS:PLPL) Can it Continue?

Shayne Heffernan — Tue, 14 May 2013 12:41:05 +0000

Plandai Biotechnology Inc (OTCMKTS:PLPL) Can it Continue? Plandai Biotechnology Inc (OTCMKTS:PLPL) closed above the upper band by 9.7%. This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely. Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long [...]

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Nuvilex Inc (OTCMKTS:NVLX) Update

Shayne Heffernan — Tue, 14 May 2013 12:34:32 +0000

Nuvilex Inc (OTCMKTS:NVLX) Update Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish On 5/13/2013, NUVILEX INC closed above the upper band by 15.6%. This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely. NUVILEX [...]

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Medora Corp (OTCBB:XUII) Overbought

Shayne Heffernan — Tue, 14 May 2013 12:30:35 +0000

Medora Corp (OTCBB:XUII) Overbought Stochastic Oscillator One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 88.4555. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80. A big white candle occurred. This is generally [...]

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The Gold Price Report

Shayne Heffernan — Tue, 14 May 2013 08:13:16 +0000

The Gold Price Report Shayne Heffernan takes a look at Gold Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bearish Funds like HeffCap’s Metals Funds that have built a unique portfolio of Metals and Metal related derivatives and equities are set to see strong growth for the next few years. MARKETS Gold rose [...]

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Senator John McCain, I would Call Benghazi a Cover-up

Paul A Ebeling Jr — Tue, 14 May 2013 08:00:56 +0000

Senator John McCain, I would Call Benghazi a Cover-up The revised talking points put out for Ambassador Susan Rice after the attack on the US diplomatic facilities in Benghazi amounted to a cover-up, Sen. John McCain, Rep. AZ., said. “I would call it a cover-up in the extent that there was willful removal of information, [...]

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IRS Targeted Pro-Israel Groups Too

Paul A Ebeling Jr — Tue, 14 May 2013 08:00:25 +0000

IRS Targeted Pro-Israel Groups Too Jewish groups also appear to be receiving additional scrutiny from the US Internal Revenue Service for having views on Israel that are contrary to those of the Obama administration and for possible connections to Israel, according to The Jewish Press Monday. The pro-Israel group Z STREET filed a lawsuit in [...]

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IRS is Out of Control

Paul A Ebeling Jr — Tue, 14 May 2013 07:59:15 +0000

IRS is Out of Control NWSA, NWS News Corp’s NASDAQ: NWSA, NWS Rupert Murdoch joined in on the Internal Revenue Services’ admission that during the Y 2012 election the government agency targeted conservative groups that included the words “tea party” or “patriot” in their tax documents, saying the agency is out of control. Sunday, the [...]

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Another Euro Bail Out

Paul A Ebeling Jr — Tue, 14 May 2013 07:58:51 +0000

Portugal $2.7-B Bailout Tranche To Be Released Finance ministers from the Eurozone Monday welcomed new austerity measures announced by the Portuguese government to lower the country’s deficit over the next years, paving the way for it receive US$2.7-B tranche that has been withheld, Finance Minister Vitor Gaspar said Monday. European Economics Commissioner Olli Rehn said [...]

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Philadelphia Abortion Doctor Found Guilty of Murder in the 1st Degree

Paul A Ebeling Jr — Tue, 14 May 2013 07:56:30 +0000

Philadelphia Abortion Doctor Found Guilty of Murder in the 1st Degree A Philadelphia abortion doctor was found guilty Monday of 1st degree murder and could face execution in the deaths of three babies who authorities say were delivered alive and then killed with scissors at his grimy clinic, in a case that became a flashpoint [...]

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Philadelphia Abortion Doctor Found Guilty of Murder in the 1st Degree

Paul A Ebeling Jr — Tue, 14 May 2013 07:55:46 +0000

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Obama Calls Benghazi Probe a Sideshow

Paul A Ebeling Jr — Tue, 14 May 2013 07:55:11 +0000

Obama Calls Benghazi Probe a Sideshow US President Obama Monday called the targeting of conservative groups by US tax officials “outrageous” and said that any Internal Revenue Service IRS employees involved would be held accountable. Obama’s comments came during a news conference with visiting British Prime Minister David Cameron, marked the 1st time the President [...]

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Ferragamo PINK:SFRGF Confirms 2013 Outlook, Q-1 Profit Spikes

Paul A Ebeling Jr — Tue, 14 May 2013 07:53:45 +0000

Ferragamo PINK:SFRGF Confirms 2013 Outlook, Q-1 Profit Spikes Salvatore Ferragamo SpA, MI:SFER reported Q-1 profit that exceeded estimates and confirmed its projection for earnings growth this year on rising sales in the Americas. Earnings before interest, taxes, depreciation and amortization rose 26% to EUR 48-M ($62.3-M), the Florence, Italy-based company said Monday in a statement [...]

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Inflation in the US Economy, it is Coming

Paul A Ebeling Jr — Tue, 14 May 2013 07:52:11 +0000

Inflation in the US Economy, it is Coming Upward pressures are merging in the data, the US Federal Reserve and other major central banks in recent years struck the same liberal QE policy , e.g, Zero short-term interest rates, with massive balance-sheet expansion, yet no major country is showing any signs of inflation. But, now [...]

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Gold Rush Lifts Profit at India’s Biggest Jewelry Maker

Paul A Ebeling Jr — Tue, 14 May 2013 07:50:32 +0000

Gold Rush Lifts Profit at India’s Biggest Jewelry Maker RAJESHX, TITAN, GITANJLI A surge in demand for Gold ornaments and coins after the biggest slump in prices in three decades is poised to boost profit at Rajesh Exports Ltd. BO:RAJESHX, India’s largest manufacturer and exporter of jewelry. Net income in the 3 months ending June [...]

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Privacy Scandal, Bloomberg May Face Collapse

Paul A Ebeling Jr — Tue, 14 May 2013 07:47:26 +0000

Privacy Scandal, Bloomberg May Face Collapse NWSA It is not very likely that trading firms will dump their Bloomberg terminals right away, but savvy Wall Street pros say the firm faces long-term damage to its brand credibility from its privacy breach scandal. Market participants rely on the firm’s data centers for charts, economic reports and [...]

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Visa NYSE:V Ready for China Market Opening

Paul A Ebeling Jr — Tue, 14 May 2013 07:44:33 +0000

Visa NYSE:V Ready for China Market Opening MC, AXP, DSF Visa Inc, the world’s biggest card payments network, is gearing up to participate in Yuan-denominated business in China, as regulators prepare to release rules facilitating foreign players to enter domestic market possibly as soon as July. Jeff Liao, country manager of Visa Information Systems (Shanghai) [...]

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China Real Estate, Property Market Slows, Panic Subsides

Paul A Ebeling Jr — Tue, 14 May 2013 07:43:28 +0000

China Real Estate, Property Market Slows, Panic Subsides The value of new home purchases in China rose at a slower pace in the first four months with home seekers feeling less panicky in April compared to a hectic March. Sales of new residential properties, excluding government-subsidized affordable housing, jumped 65.2% from a year earlier to [...]

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Consumer price inflation in Germany eased in April

Paul A Ebeling Jr — Tue, 14 May 2013 07:41:47 +0000

Consumer price inflation in Germany eased in April Consumer price inflation in Germany eased further below the European Central Bank’s target in April, thanks to falling prices for fuel and heating oil. The annual inflation rate fell for the fourth straight month to 1.2% in April from 1.4% in March and 1.5% in February. That [...]

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AUD Appears Fragile Ahead of Budget

Paul A Ebeling Jr — Tue, 14 May 2013 07:41:13 +0000

AUD Appears Fragile Ahead of Budget The Australian Dollar traded just below parity with the USD Tuesday ahead of the government’s 2013-14 budget which is expected to confirm a sharp deterioration in finances. The Australian Dollar was trading at US$0.9986–down from US$0.9994 late Monday. It traded at a fresh 11-month low in New York of [...]

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The Big US Banks To Submit Midyear Stress Tests by 5 July

Paul A Ebeling Jr — Mon, 13 May 2013 20:10:09 +0000

The Big US Banks To Submit Midyear Stress Tests by 5 July The 18 largest US banks must submit their next round of “stress tests” to the Federal Reserve by 5 July as regulators push firms to solidify their capital positions. The Fed said the midyear tests, which are being conducted for the first time, [...]

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ASEAN Stock Preview

Shayne Heffernan — Mon, 13 May 2013 20:09:03 +0000

ASEAN Stock Preview Singapore The FTSE Straits Times Index (STI) ended -14.81 points lower or -0.43% lower to 3,428.96, taking the year-to-date performance to +8.27%. The FTSE ST Mid Cap Index gained +0.21% while the FTSE ST Small Cap Index declined -0.40%. The top active stocks were THBEV (+3.97%), Croesus RTr (-4.80%), Kep REIT (+4.70%), [...]

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Crude Oil Futures Heading Lower on Rise in OPEC Output

Paul A Ebeling Jr — Mon, 13 May 2013 19:54:20 +0000

Crude Oil Futures Heading Lower on Rise in OPEC Output The Organization of Petroleum Exporting Countries (OPEC) produced 30.46-M BPD last month, well above its agreed quota of 30-M BPD. The message: Crude Oil supply is available and even higher demand can easily be met. That message has not been lost on Crude Oil traders, [...]

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Avis Budget Group NASDAQ:CAR Recognized as a Best for US Vets Employer

Paul A Ebeling Jr — Mon, 13 May 2013 19:45:04 +0000

Avis Budget Group NASDAQ:CAR Recognized as a Best for US Vets Employer Avis Budget Group, Inc. earned a place in the Y 2013 edition of Military Times’ Best for Vets: Employers survey. The Company was recognized for its achievements in recruiting and employing veterans, for its policies related to veterans, reservists and their families, and [...]

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China’s economic growth in 2013

Paul A Ebeling Jr — Mon, 13 May 2013 19:44:18 +0000

China’s economic growth in 2013 expected to reach 8.2% MS China’s economic growth in 2013 is expected to reach 8.2 percent, while the achievement of the target involving a higher probability to tip the risk towards bear case than before, an economist of Morgan Stanley NYSE:MS said Monday. As for one of the most important [...]

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Iran to build 6 Crude Oil refineries in Africa

Paul A Ebeling Jr — Mon, 13 May 2013 19:41:44 +0000

Iran to build 6 Crude Oil refineries in Africa Iran will build 6 Crude Oil refineries in African countries in the near future, Tehran Times daily reported Monday. Iranian energy official Hassan Khosrojerdi was quoted as saying Iran has signed memorandums of understanding with six African countries and has started to look for appropriate places [...]

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Melting Ice Cap Draws China, Japan to Explore for Arctic Riches

Paul A Ebeling Jr — Mon, 13 May 2013 19:40:55 +0000

Melting Ice Cap Draws China, Japan to Explore for Arctic Riches OGZPY Japan, China and South Korea are looking to expand their influence in the Arctic as melting ice offers potentially lucrative access to resources and shipping shortcuts in the region. Asia’s biggest economies are among 14 applicants seeking observer status on the 8-nation Arctic [...]

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China, Luxury car brands raise service level as competition grows

Paul A Ebeling Jr — Mon, 13 May 2013 19:29:23 +0000

China, Luxury car brands raise service level as competition grows In response to increasingly fierce competition in China’s luxury car market, manufacturers have increased investment in dealer training to improve customer satisfaction and loyalty. To offer professional instruction to its dealer staff, BMW recently opened a new training center in Guangzhou, its 3rd on the [...]

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US retail, food sales up 0.1% in April

Paul A Ebeling Jr — Mon, 13 May 2013 19:26:03 +0000

US retail, food sales up 0.1% in April US retail and food services sales posted a slight up-tick last month, the US Department of Commerce reported on Monday. The Commerce Department said that the combined sales of retail and food services edged up 0.1% from the previous month to seasonally adjusted 419 billion U.S. dollars [...]

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US Treasuries Down, US Dollar Up

Paul A Ebeling Jr — Mon, 13 May 2013 19:25:07 +0000

US Treasuries Down, US Dollar Up DXY, EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, USD/CAD 10-Yr: -05/32..1.922%.. USD/JPY: 101.95.. EUR/USD: 1.2965 Afternoon Update 2-yr UNCH @ 99 24/32 3-yr UNCH @ 99 18/32 5-yr -01/32 @ 99 01/32 7-yr -02/32 @ 98 29/32 10-yr -05/32 @ 98 14/32 30-yr -12/32 @ 95 05/32 EUR/USD -25 pips @ [...]

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Moving this Market

Paul A Ebeling Jr — Mon, 13 May 2013 19:24:18 +0000

Moving this Market IBB, GDX Industry Watch Strong: Consumer Staples, Health Care Weak: Materials, Utilities, Industrials Retail Sales: Actual +0.1%, consensus -0.3%, prior -0.4% (revised -0.5%) Retail Sales ex-auto: Actual -0.1%, consensus -0.2%, prior -0.4% Business Inventories: Actual 0.0%, consensus 0.3%, prior 0.1% (revised 0.0%) After fighting its way back into positive territory, the S&P [...]

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Obama’s Handling of Benghazi Unworthy of Greatest Power on Earth

Paul A Ebeling Jr — Mon, 13 May 2013 18:47:50 +0000

Obama’s Handling of Benghazi Unworthy of Greatest Power on Earth The Obama administration’s decisions during and after the deadly terror attack on the US Embassy in Benghazi on 9/1, 20121 were “unworthy of the greatest power on earth,” wrote NY-T columnist Maureen Dowd Sunday Ms. Dowd’s opinion piece follows one a few weeks ago that [...]

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More Benghazi “Whistleblowers” Expected to Come Forward

Paul A Ebeling Jr — Mon, 13 May 2013 17:55:13 +0000

More Benghazi “Whistleblowers” Expected to Come Forward Expected more witnesses to step forward with information about last year’s deadly attack on a US mission in Benghazi and how testify on how President Obama’s administration responded to the unfolding events. We are going to see more whistle blowers IMO. I certainly know my committee has been [...]

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VaporBrands International Inc (OTCMKTS:VAPR) Bullish Divergence

Shayne Heffernan — Mon, 13 May 2013 13:42:19 +0000

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Moody’s Warn on China

Shayne Heffernan — Mon, 13 May 2013 11:29:53 +0000

Moody’s Warn on China China’s shadow banking activities have risen nearly 70 percent over the past two years and now total more than half the size of the world’s second-largest economy, ratings agency Moody’s said Monday. Shadow banking includes private lending, off-balance-sheet vehicles and trusts, and allows borrowers to circumvent banks’ formal underwriting standards, as [...]

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Fitch Expects More Euro Trouble

Shayne Heffernan — Mon, 13 May 2013 11:13:08 +0000

Fitch Expects More Euro Trouble The majority of European investors believe buoyant financial markets do not reflect underlying weaknesses in the eurozone, according to Fitch Ratings’ quarterly investor survey released on Monday. “The doubters are in two camps: 29 percent who feel that this is a short-lived period of market calm; and 30 percent who [...]

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Big Three US Auto Co’s Dump Japan

Shayne Heffernan — Mon, 13 May 2013 11:07:47 +0000

Dozens of car, truck and motorcycle makers will be in attendance at the Tokyo Motor Show later this year, organisers said Monday, but the Big Three US automakers will be skipping it again. The 43rd edition of the event, which is held every two years, is scheduled for November 22 to December 1. General Motors, [...]

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Obama is Ultimately Responsible for Benghazi

Paul A Ebeling Jr — Mon, 13 May 2013 10:52:14 +0000

Obama is Ultimately Responsible for Benghazi Radio talk-show host Rush Limbaugh said that US President Obama will ultimately be held responsible for the 9/11, 2012, attack at the US post in Libya, not former Secretary of State Hillary Clinton. “Right now, the focus is on Hillary Clinton, as it should be,” Mr. Limbaugh said Friday [...]

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Denis Rodman is Going Back to North Korea, Blasts Obama

Paul A Ebeling Jr — Mon, 13 May 2013 10:48:55 +0000

Denis Rodman is Going Back to North Korea, Blasts Obama Former NBA star Dennis Rodman says he’ll go back to North Korea on 1 August in an attempt to secure an American imprisoned there. Mr. Rodman was critical of President Obama for not talking to North Korean President Kim Jong-un after his last visit there. [...]

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Justice Ginsburg says, Roe Vs. Wade is Too Sweeping

Paul A Ebeling Jr — Mon, 13 May 2013 10:48:24 +0000

Justice Ginsburg says, Roe Vs. Wade is Too Sweeping Justice Ruth Bader Ginsburg is one of the most liberal members of the US Supreme Court, and could be expected to present a strong defense of Roe Vs. Wade in reflecting on the landmark vote 40 yrs after it established a nationwide right to abortion. But, [...]

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Corn Advances on Persistent Wet Weather Threatens US Harvest

Paul A Ebeling Jr — Mon, 13 May 2013 10:47:45 +0000

Corn Advances on Persistent Wet Weather Threatens US Harvest Corn climbed on concern that persistent wet weather in parts of the Midwest, the largest growing region in the US, raises the risk of the nation missing a record production forecast. Corn for Jul delivery gained as much as 0.6% to 6.3975 bu on the Chicago [...]

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Gold Declines for 3rd Day on Drop in SPDR, USD’s Strength

Paul A Ebeling Jr — Mon, 13 May 2013 10:46:54 +0000

Gold Declines for 3rd Day on Drop in SPDR, USD’s Strength GLD Gold fell for a 3rd day running in the longest decline since April, when the metal entered a Bear market, as investment holdings resumed a drop and the USDs strengthened. Gold for immediate delivery lost as much as 0.8% to 1,436.12, and was [...]

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‘Great Gatsby’ Opens Strong with $51.1-M

Paul A Ebeling Jr — Mon, 13 May 2013 10:36:54 +0000

‘Great Gatsby’ Opens Strong with $51.1-M The film’s outstanding North American opening puts it at # 2 behind holdover “Iron Man 3,” which remained strong in its 2nd weekend, taking in $72.5-M domestically and pushing its worldwide total to a huge $950-M. Proving that an director-driven drama can hold its own against an action tentpole, [...]

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China, Walmart NYSE:WMT Launches Mobile Food Testing Labs

Paul A Ebeling Jr — Mon, 13 May 2013 10:35:58 +0000

China, Walmart NYSE:WMT Launches Mobile Food Testing Labs In its latest initiative to boost food safety in China, Walmart launched a mobile testing program in Guangzhou, the capital of Guangdong province, Thursday. Each mobile laboratory is equipped with professional facilities and four third-party technicians. The program will serve Walmart’s 70-plus stores in Guangdong province and [...]

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Forex, China to Simplify Regulations

Paul A Ebeling Jr — Mon, 13 May 2013 10:35:25 +0000

Forex, China to Simplify Regulations China will simplify regulations on foreign exchange management to create a more convenient investment environment for foreign investors, the State Administration of Foreign Exchange (SAFE) said Saturday. The SAFE issued a new guideline which further clarifies forex management for foreign investors and abolishes some normative documents fettering foreign direct investment. [...]

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Renaming the Arab Spring will not hide American prejudice

Paul A Ebeling Jr — Mon, 13 May 2013 10:35:02 +0000

Renaming the Arab Spring will not hide American prejudice With war expanding, death toll increasing, a view that Syrian war has gone to the critical point is spreading. When the attention was concentrated on the changing war situation, some people may have forgotten the tragedy was regard as the extension of the “Arab Spring” at [...]

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