Samsung is going shopping.The Korean electronics titan is looking to acquire medical device makers.It wants to challenge the likes of GE and Siemens in the industry.
Asians are shopping for gold.India and China are bidding up the price of the precious metal.
Both gold jewelry and bullion are in demand,the latter as security in uncertain economic times.The Indian middle class will continue lifting sales in the second half at the Mumbai bazaar.The wedding season in August will contribute to the increase.
China's property controls have slowed growth in the big cities.Now Beijing is imposing such measures in the smaller ones.According to the Xinhua news agency,Q2 residential land price appreciation slowed.Credit Suisse believes that home inventories are so high,owners will have to cut prices.
Asian shares were mixed Monday morning.Hong Kong,Tokyo and Singapore stocks rose,while Shanghai,Seoul and Sydney issues retreated.
Hong Kong saw scattered clouds Monday.It was 82F,with the humidity at 84%.Winds were W at 8 mph,and thunderstorms were in the forecast.
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