A day earlier, gold futures had backed away from a three-week high to finish lower for the first time in three sessions as a U.S. budget deal helped dull the precious metal’s appeal.
Standard Bank’s Walter de Wet said that the potential agreement eliminates “another hurdle to economic growth” and increases the chances of a stimulus taper this month. “From a tactical perspective,” he said, “we still believe that gold should be sold into rallies.
HP exec paints bleak picture of Microsoft, Intel future
The future of computing won't favor Microsoft and Intel.
That's the opinion of an HP executive speaking at a conference in Barcelona.
Apple’s deal with China Mobile Ltd. to sell iPhones won’t be limited to handsets, but will also entail broad cooperation between the two companies, the chairman of the world’s largest carrier said Wednesday.
China Mobile Chairman Xi Guohua said that already multi-millions of Apple’s iPhones have been ordered by its customers, signaling strong demand for the device. Apple’s iPhones will begin selling at China Mobile, the world’s largest carrier by subscribers, starting Friday.
$AAPL Tim Cook is “incredibly optimistic” about the outcome of the deal with $CHL
I Know First system is optimistic on $AAPL
The new cooperation with China Mobile is the last piece of the puzzle for Apple in the country, officially making the iPhones available through all three of China’s state-run telecom carriers. Though neither Apple nor China Mobile would comment on the exact terms of the deal, Apple is likely to get a considerable bump from China Mobile, which analysts expect to spend generously on marketing and handset subsidies to sell the iPhones.
The cooperation also massively expands the reach of Apple’s sales channels in China, making the iPhones available in China Mobile’s thousands of stores that range across the country from large cities to tiny hamlets.
The World Bank expects global economic growth to accelerate to 3.2% in 2014 from 2.4% in 2013