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May 21, 2013

Anonymous - Operation Hunt Hunter

Asian Latest News by MarketWatch May 21, 2013.


Asia


Japanese stocks rally toward fresh multiyear highs to lead broad gains for Asian markets, as indications that the Federal Reserve Bank isn’t close to slowing its asset purchases lifts investor sentiment. 53 min ago
 Tokyo stocks lead Asia ahead of Bank of Japan meet

LOS ANGELES (MarketWatch) -- Hong Kong's stock market was due to open at 1 p.m. local time for the afternoon session after the Hong Kong Observatory dowgraded its rain warning to "amber" from "black," indicating easing rains. The morning session was cancelled due to the warning. 9:56 p.m. Today
 Hong Kong to open for afternoon as rains ease
 
LOS ANGELES (MarketWatch) -- Australian stocks rose Wednesday, with mining issues continuing to recover from recent weakness that stemmed in part from concerns about slowing in China. The S&P/ASX 200 rose 0.4% to 5,200, higher as shares of BHP Billiton Ltd. gained 1.7%, while shares of Rio Tinto Ltd. and Fortescue Metals Group Ltd. each jumped 2.3%. Shares of gold producer Newcrest Mining Ltd. , however, lagged, losing 1.6%. Financial stocks were mixed, with National Australia Bank Ltd. up 0.2%, while Westpac Banking Corp. shed 0.1%. Also in focus Wednesday, shares of Seven West Media dropped 6.6% after private equity firm KKR & Co. moved to sell its 12% stake in the broadcaster. The stake is worth about 260 million Australian dollar ($255.25 million). 8:41 p.m. Today
 Australia stocks advance, paced by miners

The Global Impact Challenge - A better world, faster.

Gerald Celente Interviewed by ABC Australia with Ian Henschke - on May 1, 2013.

One Response to Apple Tax Strategy May Be to Copy It: The New York Times: ALERT FGC BOLSA - FGC FINANCIAL MARKETS May 21, 2013.

 

 

FGC BOLSA- FGC FIN

Complied: May 21, 2013 09:10:23 PM



High & Low Finance

One Response to Apple Tax Strategy May Be to Copy It
An unintended consequence of a Senate hearing might be companies deciding to take advantage of the same loopholes as Apple.

Ted Butler: Blockbuster in gold: GATA - THE GATA DISPATCH May 21, 2013.

Ted Butler: Blockbuster in gold

8:33p ET Tuesday, May 21, 2013

Silver market analyst and market rigging whistleblower Ted Butler speculates tonight in line with Hong Kong fund manager Bill Kaye (http://www.gata.org/node/12567) to the effect that JPMorganChase and other big bullion banks were behind the recent smashing of the gold and silver futures markets so they might obtain metal cheaply, particularly by redeeming shares of the gold and silver exchange-traded funds GLD and SLV and draining their metal. Butler's commentary is headlined "Blockbuster in Gold" and it's posted at GoldSeek's companion site, SilverSeek, here:

http://m.silverseek.com/commentary/blockbuster-gold-11856

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



The New York Times Global Update May 21, 2013: Crews Search for Survivors in Oklahoma After Tornado


May 21, 2013
Compiled 20:45 GMT

Global Update

TOP NEWS

Crews Search for Survivors in Oklahoma After Tornado

By JOHN ELIGON, MANNY FERNANDEZ and MICHAEL SCHWIRTZ
Rescue workers sought survivors as they sifted through debris and around power lines to reach those who were feared trapped.

A Familiar Roar, Then Sadness and Resolve

By JOHN ELIGON
Oklahoma residents on Tuesday began the painstaking process of trying to come to grips with what happened, and the uncertain path forward.
The Lede

Latest Updates From Oklahoma

By JENNIFER PRESTON, CHRISTINE HAUSER and LIAM STACK
The National Weather Service said on Tuesday that the tornado was a category EF5, the most powerful category of tornado.
Business

Video: Apple's Tax Avoidance Strategies

The Times's Charles Duhigg on the financial practices of Apple and a corporate culture that pushed for great innovation, in both products and tax strategies.
Opinion

Editorial

Why Is Russia Still Arming Syria?

By THE EDITORIAL BOARD
Doubts are growing about whether a promised peace conference will even come off.
WORLD

Syrian Forces and Hezbollah Fighters Press Assault in Key Town

By HANIA MOURTADA and ANNE BARNARD
Airstrikes were reported on Tuesday amid conflicting accounts about the progress of the battle for Qusayr, a town in western Syrian long held by anti-government forces.

U.S. Takes Steps to Add Security at Embassies

By ERIC SCHMITT
The State Department is racing to fulfill recommendations on diplomatic security, but some Republicans have questioned its ability to carry out the changes.

Japan's New Optimism Has Name: Abenomics

By MARTIN FACKLER
Prime Minister Shinzo Abe's economic shock therapy, which combines a flood of cheap cash, fiscal stimulus and deregulation, is getting early results.
BUSINESS

C.E.O. Rejects Claims That Apple Is Avoiding Taxes

By NELSON D. SCHWARTZ
Rather than taking unfair advantage of what Congressional investigators say are a host of tax code loopholes, Timothy D. Cook said, the company was a victim of an outdated tax system.
DealBook

Dimon Prevails in Key JPMorgan Vote, Retaining 2 Top Jobs

By JESSICA SILVER-GREENBERG and SUSANNE CRAIG
Jamie Dimon held on to his title of chairman after JPMorgan's shareholders defeated a proposal to split the chairman and chief executive roles.
DealBook

Court Hears Appeal of Ex-Director of Goldman

By PETER LATTMAN
A lawyer argued that Rajat Gupta, found guilty of leaking boardroom discussions, should be granted a new trial because a judge erroneously admitted wiretapped conversations.
TECHNOLOGY

A Flashy Bet for Yahoo on a Shift in Social Media

By JENNA WORTHAM
New services are moving beyond the Facebook approach, with tools to create new content instead of just sharing it.

Before Tumblr, Founder Made Mom Proud. He Quit School.

By JENNA WORTHAM and NICK BILTON
David Karp, 26, whose mother responded to his high school boredom with a suggestion that he try home-schooling, played a role in several start-ups before founding Tumblr.
DealBook

Sprint Raises Offer for Clearwire Stake

By MICHAEL J. DE LA MERCED
Sprint Nextel raised its offer on Tuesday for the nearly 50 percent stake in Clearwire that it does not already own, just hours before shareholders were scheduled to vote on its earlier offer.
SPORTS

Anchored Putting Strokes to Be Banned in 2016

By BILL PENNINGTON
The change, which came after months of spirited debate, will prohibit golfers from anchoring the club against the body while making a stroke beginning in 2016.

Mourinho and Madrid: Loving, Loathing and Leaving

By ROB HUGHES
The departing coach did not win any European titles for Real Madrid, and now the club will search for another manager, yet again, as it tries to live up to past glory.

Bowlers, Not Batters, Lead Hyderabad to Playoffs

By HUW RICHARDS
Hyderabad did not have a batsman among the top 10 run scorers in the Indian Premier League, but three of its bowlers were among the leading wicket-takers.
U.S. NEWS

Obama Speaks to Loss in Oklahoma

By PETER BAKER
In a televised statement, the president offered prayers and promises of material aid to the victims of the devastating tornado that struck on Monday.

Arizona Desert Swallows Migrants on Riskier Paths

By FERNANDA SANTOS and REBEKAH ZEMANSKY
Migrant deaths remain high even as apprehensions have fallen, with tighter borders pushing people to take riskier routes from Mexico to the United States.

Leahy Voices Optimism as Panel Continues Work on Immigration Bill

By ASHLEY PARKER and JULIA PRESTON
Senator Patrick J. Leahy, the chairman of the Senate Judiciary Committee, suggested that Tuesday could be the last day of debate on legislation to overhaul the immigration system.
OPINION
Op-Ed Contributor

Is the Vision Thing Important?

By JOSEPH S. NYE Jr.
Leadership matters, but not exactly in the ways that experts predict.
Op-Ed Columnist

What Our Words Tell Us

By DAVID BROOKS
Gradual shifts in language use over the centuries reflect tectonic shifts in culture.
Op-Ed Columnist

One School's Catholic Teaching

By FRANK BRUNI
With just the briefest acknowledgement of her life partner, Carla Hale lost the job she'd loved for more than 18 years.


MarketWatch - Wall Street at Close Report May 21, 2013: U.S. stocks rise after Fed officials comments



By Polya Lesova, MarketWatch , Victor Reklaitis
 
NEW YORK (MarketWatch)U.S. stocks rose on Tuesday after comments from two Federal Reserve officials suggested that the central bank is not close to tapering its bond-buying program. 

The S&P 500 index SPX +0.17%  gained 8 points, or 0.5%, to 1,674.16, with health care posting the biggest gains and telecommunications the biggest laggard among the 10 major industry groups. 

The Dow Jones Industrial Average DJIA +0.34%  rose 76 points, or 0.5%, to 15,411. 

The Nasdaq Composite COMP +0.16%  rose 8 points, or 0.3%, to 3,505. 

Stocks accelerated gains in the afternoon after New York Fed President William Dudley, who is also vice chairman of the Federal Open Market Committee, said that the Fed may adjust the pace of asset purchases up or down depending on the economic outlook and that he was unsure which way the next change will be. 

Earlier in the day, St. Louis Fed President James Bullard said the central bank should continue with its present bond-buying program and adjust the rate of purchases in view of incoming data on growth and inflation. He said the program is the best policy option and has been effective. 

The Fed’s $85-billion-a-month asset-purchase program aims to boost economic growth and lower the jobless rate. The program has buoyed the stock market and its end — if not properly managed — may hurt sentiment among equity investors, potentially triggering a correction in the market. 

On Wednesday, Federal Reserve Chairman Ben Bernanke will testify before Congress about the economic outlook, and the Federal Open Market Committee will release minutes from its latest meeting. 

“Broadly speaking, investors are really waiting to see what Mr. Bernanke is going to say in front of Congress,” said Andrew Wilkinson, chief economic strategist for Miller Tabak. “The next 20 points in the S&P 500 are probably predicated on what he has to say.” 

Stocks on Wall Street finished slightly lower on Monday, after Chicago Federal Reserve President Charles Evans said the Fed’s policy stance remains appropriate and the improving economy still faces headwinds. 

The Dow and S&P 500 are on pace Tuesday to achieve record closes again, as bullish sentiment remains strong. 


Deutsche Bank recommended staying long equities and added that valuations implied that the S&P could trade as high as 1,800 by year end. 


Bloomberg News Enlarge Image
Apple CEO Tim Cook testified at a Senate hearing Tuesday about the company’s tax practices.
Home Depot Inc. HD +2.54%  was one of the top gainers in the Dow, with its shares up 3.2% after the home-improvement retailer reported a jump in quarterly earnings, buoyed by the recovery in the housing market.
Also in the Dow, J.P. Morgan Chase & Co. JPM +0.15%  shares gained 1.7%. The bank’s annual meeting took place in Florida Tuesday and a nonbinding shareholder vote on splitting the CEO and chairman roles — currently held by Jamie Dimon — failed to passed. 

Shares of Apple Inc. AAPL -0.74%  slipped 0.5%, as Chief Executive Tim Cook defended the tech titan’s tax practices as proper at a Senate hearing Tuesday. A Senate panel has said Apple avoided corporate-income taxes on billions of dollars in overseas income over the past four years. Read MarketWatch’s live blog on the Apple hearing.
 
Polya Lesova is MarketWatch's New York deputy bureau chief. Follow her on Twitter @PolyaLesova. Victor Reklaitis is a New York-based markets reporter for MarketWatch.

The Economist - New Selected Articles May 21, 2013: Shipping containers, the Emperor Constantine and Tumblr


Tuesday, May 21st 2Editor's picks

A selection of new stories from Economist.com
Americas view: Named and shamed
Erasmus: Constantine's cross
Free exchange: In praise of shipping containers
Baobab: Appy birthdays
The Economist explains: What is Tumblr?


Americas view:
Named and shamed
Social media expose the ghastliness of Mexico's entitled set
READ MORE »
Erasmus:
Constantine's cross
Why European Christians are grumpy and Middle Eastern ones stoical
READ MORE »
Free exchange:
In praise of shipping containers
An antidote to economic pessimism
READ MORE »
Baobab:
Appy birthdays
In Côte d'Ivoire, where birther conspiracies abound, people will soon be able to register the births of their children via a mobile-phone app
READ MORE »
The Economist explains:
What is Tumblr?
On May 20th Yahoo! announced that it was buying Tumblr for $1.1 billion in cash
READ MORE »

Click Here!

DealBook P.M. Edition May 21, 2013: Dimon Prevails in Key JPMorgan Vote, Retaining 2 Top Jobs



Tuesday, May 21, 2013
TOP STORY
Jamie Dimon, the chief executive and chairman of JPMorgan Chase.
Dimon Prevails in Key JPMorgan Vote, Retaining 2 Top Jobs Jamie Dimon held onto his title of chairman after JPMorgan's shareholders defeated a proposal to split the chairman and chief executive roles.
Outside JPMorgan Chase's annual shareholder meeting in Tampa, Fla., on Tuesday.
Live Blog: JPMorgan's Shareholder Meeting Jamie Dimon held onto his title of chairman after JPMorgan's shareholders defeated a proposal to split the chairman and chief executive role.
DEALBOOK HIGHLIGHTS
Court Hears Appeal of Ex-Director of Goldman A lawyer argued that Rajat Gupta, found guilty of leaking boardroom discussions, should be granted a new trial because a judge erroneously admitted wiretapped conversations.
Irregularities Suspected at Hong Kong Mercantile Exchange The Hong Kong securities regulator announced on Tuesday that it had discovered possible financial irregularities at the just-shuttered Hong Kong Mercantile Exchange and said it referred the matter over to the police for investigation.
Herbalife Hires PricewaterhouseCoopers as Auditor Herbalife has hired PricewaterhouseCoopers as its auditor, replacing KPMG, which had resigned as the company's auditor after it was revealed that a former partner had leaked secret information about clients to a third party.
Despite Stumbles, a Promising Path for Start-Ups in Brazil Investors and entrepreneurs say that economic conditions in Brazil are difficult, but that long-term prospects remain highly favorable.
Sprint Raises Offer for Clearwire Stake Sprint Nextel raised its offer on Tuesday for the nearly 50 percent stake in Clearwire that it does not already own, just hours before shareholders were scheduled to vote on its earlier offer.
Morgan Creek to Acquire Signet Capital Management The investment firm Morgan Creek Capital Management announced on Tuesday that it had agreed to acquire the alternative funds business of Signet Capital Management.
Blackstone Leads Latest Chinese Privatization Bid The $662 million buyout bid for Pactera Technology International, an outsourcing firm, is the latest in a series of deals by private equity groups to privatize Chinese firms listed in the United States.
Wall Street Advocacy Group Turns to Former Lawmakers A former banker was successful at the helm of Sifma. But using former politicians to sweet-talk regulators and try to improve the image Main Street has of the industry could be a better strategy.
Buzz Tracker
BlackRock to Buy Real Estate Investment Firm The money manager BlackRock agreed on Tuesday to buy the European and Asian real estate investment firm MGPA for an undisclosed fee. MGPA had around $12 billion in assets under management at the end of March.
LOOKING AHEAD
Economic Reports Data on Wednesday will include sales of existing homes for April.
Corporate Earnings Companies scheduled to release quarterly results on Wednesday include Target, Staples, Lowe's, Hewlett-Packard and SeaWorld.
In the United States The Federal Reserve chairman, Ben S. Bernanke, testifies on Capitol Hill before the Joint Economic Committee; and the Fed releases minutes from its Federal Open Market Committee policy meeting of April 30-May 1.
Overseas The Bank of Japan announces a monetary policy decision; Wolfgang Schäuble, the German finance minister, is to discuss a "New Deal for Europe"; and Kazuo Hirai, the chief executive of Sony, talks about his revival plan.

CMI Spot Prices as of Close of Trading in New York May 21, 2013.


Spot Prices as of close of trading in New York
Tuesday, May 21, 2013
Updated 5/21/2013 Today Change Week Ago Month Ago Year Ago
GOLD $1,379.85 -$6.70 $1,426.15 $1,397.30 $1,588.60
SILVER $22.55 -$0.14 $23.46 $23.13 $28.30
PLATINUM $1,461.50 -$23.30 $1,504.10 $1,426.80 $1,463.00
PALLADIUM $751.00 -$2.60 $727.60 $679.10 $611.20