News on Permanent Portfolio Fund (PRPFX)Monday March 30th 2015
Latest news for Permanent Portfolio(PRPFX) (See analysis on PRPFX)
Aggregared News for Permanent Portfolio(PRPFX) from various sourcesThe Riskalyze Report: Advisors Buy the Small Cap Rally
Swiss Shock Spurs Gold Bid as ETP Assets Jump Most Since ‘11
[video] 'Hedge your bets' amid geopolitical turmoil: Pro
Latest business news
Monday March 30th 2015: Latest financial news from the worldEuropean, Asian shares rise, helped by Chinese stimulus
Dufry details $4 billion fundraising plan for WDF buy
By Joshua Franklin and Thomas Atkins ZURICH (Reuters) - Dufry AG has fleshed out plans for its takeover of Italy's World Duty Free SpA (WDF) , as the Swiss company seeks to consolidate its position as the biggest player in the fast-growing airport retail sector. Dufry said on Monday it expects to raise at least 2.1 billion euros ($2.3 billion) through a rights issue of new stock and up to 1.5 billion via long-term debt instruments, adding the plan had the backing of major investors. The combined Dufry-WDF will have a market share of 25 percent and projected annual sales of $9 billion, cementing Basel-based Dufry's position as the world's biggest player in the fast-growing sector. WDF operates 495 stores in 98 airports including London's Heathrow and Gatwick.
Oil prices drop on possible Iran deal, dollar
By Christopher Johnson LONDON (Reuters) - Oil prices fell on Monday as officials from Iran and six world powers discussed a possible deal over Tehran's nuclear program that could bring an end to sanctions and allow an increase in Iranian oil exports. "Regarding Iran, there are two possible outcomes: a framework deal or an extended deadline," Bjarne Schieldrop, chief commodities analyst at SEB Markets in Oslo, told the Reuters Global Oil Forum. Brent crude was down 47 cents at $55.94 a barrel by 0800 GMT as the market began to price in a deal with Iran. Barclays said a build in U.S. stocks would make its way into an oversupplied global market in the second quarter and that demand would unlikely be strong enough to support oil prices once that happened.
Soros says ready to invest $1 billion in Ukraine if West helps
Billionaire financier George Soros is ready to invest $1 billion in Ukraine, if Western countries help private investment there. Soros has previously urged the West to step up aid to Ukraine, outlining steps towards a $50 billion financing package that he said should be viewed as a bulwark against an increasingly aggressive Russia. "The West can help Ukraine by increasing attractiveness for investors.
GM's Cadillac CT6 tests strategy for taking fat out of big cars
When General Motors Co takes the wraps off its new Cadillac CT6 on Tuesday the most important thing about the vehicle could be what is under its skin. The CT6, to be unveiled ahead of the April 3-12 New York auto show, is an expensive car aimed more at boosting Cadillac’s brand image than sales volume. GM engineers are studying variations on the CT6’s multi-material construction for at least four other future vehicle architectures and other models could be derived from the CT6's “Omega” architecture, Travis Hester, CT6’s chief engineer, said in an interview.
Ford revives the Lincoln Continental, aims at U.S. and China
By Joseph White NEW YORK (Reuters) - Ford Motor Co will resurrect the Lincoln Continental as its top-of-the line luxury sedan, betting the classic name will help rebuild the brand's image in the United States and China. Ford's Lincoln will unveil a prototype of the future Continental sedan on Monday ahead of the April 3-12 New York auto show, which will feature many of the Continental's future rivals, including the Cadillac CT6 sedan from General Motors Co , a new Jaguar XF sedan from Jaguar Land Rover and a bevy of super-premium models from Daimler AG’s Mercedes Benz. Ford retired the Continental name in 2002, and joined its rivals in using letter and number codes for most models.
South Korea picks KAI, with Lockheed, for $7.9 billion fighter jet development
By Joyce Lee SEOUL (Reuters) - South Korea chose on Monday Korea Aerospace Industries Ltd , which expects to partner Lockheed Martin Corp , to develop a mid-level fighter jet that will cost around 8.7 trillion won ($7.88 billion). The Defense Acquisition Program Administration (DAPA) also confirmed its decision to upgrade South Korea's Patriot missile system, with Raytheon Co chosen to upgrade the launch systems. South Korea has been trying to bolster its arsenal in the face of a missile threat from North Korea.
Exclusive: Fidelity moves to end DuPont proxy battle - sources
By Nadia Damouni and Mike Stone NEW YORK (Reuters) - Fidelity Investments, a major investor in DuPont , has put pressure on activist fund Trian Fund Management LP and the chemical conglomerate to reach a settlement in what it sees as a detrimental proxy fight, according to people close to the matter. Fidelity, whose 2.5 percent stake makes it DuPont's sixth largest shareholder, has not publicly revealed what sort of compromise it was seeking. Yet its unusual intervention as peacemaker could influence other mutual fund investors in DuPont and pre-empt what could be this year's biggest battle over board representation. In a filing with the U.S. Security and Exchange Commission last Wednesday, Trian disclosed that on March 11 it received a call from one of DuPont's largest stockholders encouraging Trian and the company to resolve the proxy contest and avoid a costly and disruptive conflict.
Hong Kong retail rents drop as Chinese shoppers stop
A drop in Chinese tourist numbers is driving down shop rentals in Hong Kong, with vacancies increasing in the same prime areas that just three years ago pipped New York's Fifth Avenue to become the world's most expensive retail real estate. Spooked by months of cross-border tensions and pro-democracy protests, tour groups visiting Hong Kong from China plunged about 80 percent this month, dealing a blow to the retailers that had built their businesses around these mainland visitors' once insatiable demand. "If they don't cut the rent, I will leave," said the head of a consumer goods chain that also has a shop in Causeway Bay. Hong Kong retail sales in January fell to their lowest level since 2003, a factor property agents said prompted more retailers to negotiate lower leases, or just move out.
Volvo Cars to build U.S. plant to spearhead sales recovery
By Laurence Frost PARIS (Reuters) - Volvo Cars will invest $500 million in its first U.S. assembly plant under plans announced on Monday, plugging a longstanding gap in the Swedish carmaker's manufacturing base as it pursues a global comeback under Chinese ownership. Volvo is in advanced talks with several U.S. states and will announce a location within weeks, Chief Executive Hakan Samuelsson said in embargoed comments made before the announcement. Following its sale to Zhejiang Geely [GEELY.UL] by Ford in 2010, Volvo has stepped up investment in new models and production, adding a pair of Chinese factories to its two older European plants. North American manufacturing is "the last piece in establishing our global footprint", Samuelsson told Reuters.
If you want to buy an Apple Watch in-store, you'll need a reservation
Even if you're not laying down thousands of dollars for the VIP treatment, if you're looking for an Apple Watch (and you're shopping in old-school bricks-and-mortar style), you won't be able casually dip ...
Microsoft, KPMG expand strategic relationship
Exhibition lets you go hands-on with 40 years of gadgets
G20 world leaders' personal information leaked in 'email error'
Australian G20 organisers have been left red faced after it was revealed an email autofill error led to a leak of passport details for 31 world leaders, including Barack Obama, Vladimir Putin, and more.
Cleopatra the tortoise gets a 3D-printed shell
Hewlett-Packard enterprise eyes growth in converged infrastructure
Post-company split, Hewlett-Packard's enterprise business is seeing growth in the Australian market, and believes delivering on customer demand, particularly in the converged infrastructure market, is helping fuel growth.
Puush calls for password change after malware hit
'Grinder' biohacks his eyeballs to get night vision
Liquid metal machines 'eat' in order to move
Robots typically rely on batteries to get power, but they may soon have to do little more than nibble on another material to start moving. Chinese researchers have developed simple liquid metal machines ...
Encrypted communication 'biggest problem' in tackling terrorism, Europol warns
Coachella, Lollapalooza ban selfie sticks
Government says new technology stymies Australian tax system
A new discussion paper released by the Australian government suggests that the emergence of new financial transaction technology such as bitcoin is making it tough for the country's authorities to clamp down on tax avoidance.
Apple's Tim Cook speaks out against pro-discrimination laws
Halo 5 lands on Xbox One this October 27th
Researchers demonstrate quantum entanglement, prove Einstein wrong
British Airways confirms frequent flyer hack
How would you change Sony's Xperia Z1?
Telco complaints lower by another 4.5 percent
GitHub suffers 'largest DDoS' attack in site's history
The dos and don'ts: Adrian Di Marco's lessons to success
Turnbull wants transformation office to be shared globally
Game Boy camera gun prints when you shoot
NewSat continues to seek funding for Jabiru-1 satellite
NewSat has requested for its trading halt to remain in place until it is able to find a solution with lenders in the United States to provide additional capital raising for its Jabiru-1 satellite project.
Ignorance could be bliss for next generations of business
Apple Watch Edition buyers will get the red carpet treatment
When you're buying a $10,000 watch, you expect first-class service -- and Apple is apparently ready to deliver. Sources for 9to5Mac claim that people who buy the gold Apple Watch Edition will get to skip ...
NSA considered scrapping its mass phone surveillance program
New Samsung and HTC flagships, Chromebook Pixel, Fitbit Surge (MobileTechRoundup show #342)
School principals threaten parents with police if kids play 'Grand Theft Auto'
Anarchy in the storage frame: No future for SANs
Life with the Moto 360: has Motorola's smartwatch turned a corner?
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