S&P UPDATE OF 10TH AUG'2016 BY EPIC RESEARCH

theS&P 500 index could soar to 2,300 over the next several months, rising about 5% from its current toppy level.

But here’s the bad news: The Swiss investor, who publishes the aptly named Gloom, Boom & Doom Report, sees the large-cap benchmark shedding more than half its value, possibly over the next year.

“When it unravels, we are going to go to 1,100 on the S&P 500,” Faber told MarketWatch.

“Maybe we go first to 2,300, then we would have a perfect topping formation. A widening-top formation is about the most bearish technical formation you can have,” he said. Faber is referring to a so-called megaphone pattern, or broadening formation, which usually is associated with a sharp reversal in an upward trend for a security.

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Epic Research Singapore : Microsoft & Nokia Market News Update

Microsoft is now officially the proud owner of Nokia's handset division. To say farewell, let's look at the rise and fall of this mobile pioneer. 

Nokia hasn't always been a phone manufacturer. The company dabbled in paper products, footwear and tires before it became involved in the wireless industry. Starting today, it begins a new chapter as its Devices and Services division gets swallowed up by Microsoft in a $7 billion deal. Change is in the air, but very little is known about what exactly will be different now that the two companies are coming together in holy matrimony. Neither party was legally allowed to discuss details about the acquisition in public.



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Epic Research Singapore : Nokia Market News Update

Finland's Nokia said on Monday it expected the 5.4 billion euro (US$7.5 billion) sale of most of its Devices and Services business to Microsoft will close in April this year.

Nokia had previously said it expected the deal to close in the first quarter of the year.

"Nokia reiterates that ongoing tax proceedings in India have no bearing on the timing of the closing or the material deal terms of the anticipated transaction between Nokia and Microsoft," the company said in a statement.
 
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Epic Research Singapore : Nokia News Update

Nokia Corp. took the wraps of its low-end Nokia X smartphone, the first in a new family of phones running Google's Android software designed to regain Nokia's eroding position in developing markets.
 

Priced at EUR89 ($122) excluding carrier subsidies and taxes, the smartphone hits an attractive pricing level in places such as India, Indonesia and Russia, and fills a hole in Nokia's product portfolio. 

Amid the rise in popularity of the Android operating system, thousands of developers are making third-party software for the platform. The main benefit of the Nokia X device is that it will be able to run these apps.

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Epic Research Singapore : Nokia News Update

Nokia Corp. (NOK NOK1V.HE) is considering buying networking-gear maker Juniper Networks JNPR +2.94% to merge it with its Nokia Siemens Networks division, Germany's Manager Magazin Online reports Thursday, citing sources familiar with the situation.
Nokia, which is selling its handset business to Microsoft Corp. MSFT -0.37% for 5.4 billion euros ($7.3 billion), is under pressure to put the proceeds of the sale to use, the report says. 
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