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Latin America Jumpstarts Carrefour Sales Growth
by Tom McGregor    Tue, Apr 14, 2015, 12:11 AM

$ 1AAabbbccarefour.jpgFrance-based supermarket chain Carrefour enjoyed strong sales growth from the Latin America region.

The BBC News reports that, "French retail giant Carrefour has reported a 3.2% rise in underlying first quarter sales, beating analysts' expectations.  The retailer posted total sales of €21bn ($22.4bn; £15.2bn), helped by strong growth in Latin America."

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Greenpeace USA Endorses Elizabeth Warren for President
by Tom McGregor    Mon, Apr 13, 2015, 10:26 PM

$ 1AAabbbcbarren.jpgGreenpeace USA is 'Not Ready for Hillary' as its executive director, Annie Leonard, intends to endorse Sen. Elizabeth Warren (D.-Ma.) for President in 2016.

According to NewsMax, "Top environmental activists are definitely not "ready for Hillary," as they prepare to open a strong grassroots movement to encourage Massachusetts Sen. Elizabeth Warren to challenge her from the left for the Democratic presidential nomination."

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Shale Gas Industry Slumping
by Tom McGregor    Mon, Apr 13, 2015, 09:58 PM

$ 1AAabbbcalegas.jpgAs oil prices stay low, the shale gas boom may soon fade away.

The Houston Chronicle reports that, "The shale oil bonanza that made millionaires from Texas to North Dakota is slowing down for the first time in years, a sign that painful industry cutbacks are starting to have an impact.  The nation’s oil production is set to slip this month by 57,000 barrels a day as natural declines in older shale wells outpace gains from newly drilled wells, the U.S. Energy Information Administration said in its monthly drilling report on Monday."

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Top 10 Daily Business China News Alerts 04/14/2015
by Tom McGregor    Mon, Apr 13, 2015, 08:47 PM

Stay Updated on Real China Business News at Real Time 

1.       World Bank misses the point about China

 

…a significant slowdown in China, though unlikely, would exert large spillovers, particularly on commodity exporters. In China, a disorderly unwinding of real and financial vulnerabilities could trigger a sharp slowdown in investment and output growth. A steep decline in property prices could force developers and banks to deleverage quickly, leading to a sharp contraction in real estate investment. A disorderly unwinding of local government financing could trigger a sharp slowdown in infrastructure investment. A wave of bankruptcies in primary and heavy industries suffering from overcapacity could seriously derail fixed investment in otherwise healthy industrial sectors. And excessive risk taking in the shadow-banking system could eventually force a rapid cutback in liquidity and credit, deeply curtailing investment. 

 

http://www.macrobusiness.com.au/2015/04/world-bank-misses-point-china/ 

 

 

2.       China's Kandi May Go Public, Pursue Tesla Turf In EVs 

 

Who'll corner China's rising electric car market? Kandi Technologies Group (NASDAQ:KNDI) is making a run for it in a plan to seek capital, and is also showing signs it might grow to be a competitor to Tesla Motors (NASDAQ:TSLA) in the luxury segment there.  Despite Tesla's problems with China sales, it already outstrips Kandi's EV joint venture in electric-car revenue within the country. 

 

http://news.investors.com/041315-747688-kandi-electric-vehicles-group-may-go-public-in-china.htm?ven=djcp&src=aurlabo
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Australia Struggles with Iron Ore Prices Crashing
by Tom McGregor    Mon, Apr 13, 2015, 02:42 AM

$ 1AAabbbcccbore.jpgAustralia had enjoyed economic boom times with a global surge in commodity prices. Nevertheless, iron ore prices are collapsing.

The BBC News reports that, "Australia expects the plunging price of iron ore - its biggest export - to reduce revenue forecasts by A$25bn (£13bn; $19bn) over the next four years, Treasurer Joe Hockey has said.  He told the Australian Financial Review (AFR) that his May budget would be based on the anticipated price of iron ore falling further, to $35 a tonne."

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Russians Renew Embrace of Orthodox Faith
by Tom McGregor    Mon, Apr 13, 2015, 02:09 AM

$ 1AAabbccmage.jpgPresident Vladimir Putin has encouraged Russians to show their patriotic fervour by praying to the Orthodox Church.

According to the Daily Telegraph of London, "Vladimir Putin praised the Russian Orthodox Church for creating a “spirit of patriotism” among young people on Sunday as he joined its leader for an Easter service.  Mr Putin, Russia’s president, attended overnight prayers at the Christ the Saviour Cathedral in Moscow alongside Dmitry Medvedev, the prime minister, and the latter’s wife, Svetlana."

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Top 10 Daily Business China News Alerts 04/13/2015
by Tom McGregor    Sun, Apr 12, 2015, 10:55 PM

Monday  April 13, 2015

 

Stay Updated on Real China Business News at Real Time 

1.       Why Ford's Lincoln Chief Is Excited About China

 

 

Ford Motor Company  (NYSE: F  ) executives at last week's New York International Auto Show made no secret of the fact that the striking Lincoln Continental Concept was designed with the Chinese market in mind.  But why is Ford suddenly so hot to sell Lincolns in China?  The answer might surprise you. According to Lincoln President Kumar Galhotra, Ford's market research showed that the Lincoln brand is held in extremely high regard by Chinese consumers -- even though the automaker had never officially sold Lincolns in China. 

 

http://www.fool.com/investing/general/2015/04/12/fords-lincoln-chief-excited-about-china.aspx 

 

 

2.       Lexus plans China reveal of next ES sedan

 

Lexus' ES sedan is its biggest-selling car in brand's lineup for the U.S. So where is Lexus going to reveal the next generation of the ES?  China, of course.  The choice of China as the place to pull the sheet off the new car underscores again the importance of the Asian giant as rivaling the U.S. when it comes to the car market. It's especially important for luxury makers. 

 

http://www.usatoday.com/story/money/cars/2015/04/12/lexus-es-china/25671493/ 

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Lindsey Graham Defines Conservative Values as 'Corporate Welfare'
by Tom McGregor    Sun, Apr 12, 2015, 10:35 PM

$ 1AAabbcaham.jpgSen. Lindsey Graham (R.-S.C.) is flailing in rage over some Republicans who oppose American taxpayer funding of the Export Import Bank, which only permits Big Business corporations to register on its charter.

The Daily Caller reports that, "Sen. Lindsey Graham said Republicans should not let ideological idealism divert them from the primary goal of job creation while advocating for the Export-Import Bank Thursday."

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Podesta Group Masterminds China Media Global Expansion
by Tom McGregor    Sun, Apr 12, 2015, 08:49 PM

$ 1AAabbcpodesta.jpgBEIJING: When Hillary Clinton served as Secretary of State, she offered USAID funding to provide the Podesta Group, a lobbying firm with close links to the Clinton Foundation, to work with the Chinese government to create a "Grand Strategy" to promote propaganda efforts and attract a larger global audience for State-owned media outlet CCTV English News, based in Beijing. Sources have informed the Dallas Blog that CCTV paid over $20 million to the Podesta Group.

USAID funneled its funding through two sources, NED (National Endowment for Democracy) and CIMA (Center for International Media Assistance). CCTV then sponsored a report published by the Podesta Group on Oct. 22, 2013, entitled: 'China's Grand Strategy for Media: CCTV's International Expansion." It was authored by Anne Nelson while endorsed by Don Podesta, director of CIMA.

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France Smacks Down on HSBC
by Tom McGregor    Fri, Apr 10, 2015, 03:28 AM

French law enforcement officials are investigating London banking giant HSBC over tax evasion allegations.

According to the Daily Telegraph of London, "HSBC has said it will fight an order to pay a €1bn bail after French authorities said they had put the bank under formal criminal investigation for alleged tax evasion.  The company said it had been notified on Wednesday that French magistrates had put its Swiss private bank under "mise en examen" - a legal quirk of the country's criminal system that orders the accused institution to pay a bail fee."

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