August 2007 - Money Morning - Only the News You Can Profit From

The World's Leading Electronics Manufacturer Makes Its Move In Vietnam

By Jason Simpkins Staff Writer Hon Hai Precision Industry Co. Ltd, the world’s No. 1 contract-manufacturer of consumer-electronics products, is boosting its Vietnam investment to $5 billion. The company originally planned to invest $1 billion, but the increased outlay underscores Vietnam’s strong prospects. Vietnam, which joined the World Trade Organization (WTO) in January, is one […]

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The Philippines' 7.5% GNP Growth is No Fluke

By Mike Caggeso Staff Writer All the hot talk of China, India and even Vietnam’s soaring economies have overshadowed a country that has been making gains for the past decade — the Philippines. Fueled by a steady economy and a surging service sector, the archipelago country posted a 7.5% GNP growth for the second quarter, […]

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Message to Bernanke: Don't Give in to Speculative Clamor

When Fed Chairman Ben S. Bernanke addresses the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming, today (Friday), he’ll have to acknowledge that the risks to U.S. economic growth have increased – especially with the disruption to the credit markets and the tightening of credit in many areas. But Bernanke will also likely […]

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Government Ready to Intervene in China's Inflation Troubles

By Mike Caggeso Staff Writer China’s growing inflation rate will force government intervention later this year, Su Ning, deputy governor of the People’s Bank of China, said. Inflation hit a 10-year high at 5.6% in July. Food prices — hampered by a lackluster wheat harvest and an outbreak in pig diseases — accounted for 80% […]

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