News: 2014-01-24

Technology

Lenovo to buy IBM’s low-end server unit for $2.3 billion | Reuters

Tesla takes on China with aggressive Model S pricing | The Verge

Brand study finds T-Mobile’s un-carrier assault on AT&T is working — Tech News and Analysis

Microsoft Rocks Expectations With FQ2 Revenue Of $24.52B, EPS Of $0.78, Surface Top Line Of $893M | TechCrunch

Which Online Dating Service is Right For Me?

EBay dismisses Icahn proposal to spin off Paypal | Reuters

Australia accuses Snowden of ‘treachery’ – FT.com

 

Markets

Death to the Rentier! (or not) | PRAGMATIC CAPITALISM

Lew Calls Bitcoin a Place to Hide, Shares Dimon’s ‘Incredulity’ – Bloomberg

The time for official e-money is NOW! | FT Alphaville

Wall Street Shorts Economists – Bloomberg

 

Oil/Commodities

U.S. Shale Boom Forces Pemex to Find New Buyers – WSJ.com

Inflation Jumps in Australia – WSJ.com

How America’s Fracking Boom Helps to Boost Treasuries Demand – Bloomberg

West’s 30-year vendetta with Iran is finally buried in Davos – Telegraph Blogs

3 reasons the Canadian dollar will shed another 10%-15% | Financial Post

Insight: Norway’s $833 billion oil fund eyes riskier bets | Reuters

Fears of China slowdown as factory sector contracts – Telegraph

China Moves to Avert Shadow Lender’s Default – WSJ.com

“A troubled mining company facing repayment of a 3 billion yuan ($496 million) loan has received government permission to restart one of its coal mines, as creditors and officials try to avoid an unsettling default in China’s loosely regulated shadow-banking sector.”

PetroChina delays operation of refineries on overcapacity | Reuters

“PetroChina has put off starting up two new refineries and delayed expansion of another to counter the threat of overcapacity as oil demand growth slows in the world’s second largest oil consumer, a company official said on Thursday. China’s oil consumption last year grew at its slowest in more than 20 years, calculations on government data showed on Monday, as soft economic growth sliced demand for transportation and industrial fuels such as diesel.”

Shell could be forced to delay Arctic drilling after US court sides with green group – Telegraph

U.S. appeals court throws Arctic drilling into further doubt | Reuters

 

Emerging Markets

South Korea records fastest economic growth in 3 years – FT.com

Argentina’s Peso Plunges as Central Bank Scales Back Support – Bloomberg

Turkey Intervenes to Halt Lira Slide – WSJ.com

Rajan Rate Revamp Hinges on Curbing India Fiscal Spending – Bloomberg

 

North America

Fewer Immigrants Came to U.S. Last Year – Real Time Economics – WSJ

Why your house is a terrible investment

Upward Mobility Has Not Declined, Study Says – NYTimes.com

JPMorgan CEO Dimon says government cases were ‘unfair’ | Reuters

U.S. jobless claims up modestly, labor market trend improving | Reuters

Berkshire Is Said to Face Start of U.S. Systemic-Risk Scrutiny – Bloomberg

 

Europe

Exclusive: Germany, France attack EU plan to curb big banks | Reuters

Carney signals scrapping of forward guidance target – FT.com

Otra hipoteca barata: ING se une al club

This article shows the credit market in Spain loosening. That will be very helpful for Spain’s housing market as it should keep house prices from falling further.

Euro zone starts 2014 on a high, China falters | Reuters

BBC News – UK car production reaches six-year high, says trade body

Spanish jobless rate tops 26% at end of 2013 – RTÉ News

 

Japan

Guide To Gauging The Recovery of Japan’s Property Market – Japan Real Time – WSJ

 

Elsewhere

Michelle Obama Photobombs LeBron With Impressive Slam Dunk

Manchester United fall out of Deloitte Football Money League top three for first time – Telegraph

 

finance news