Archives for August 2007

August 2007 - Page 2 of 11 - Money Morning - Only the News You Can Profit From

China Sells Record Amount of Bonds to Fund Its Government Investment Arms

From Staff Reports China sold $79 billion in bonds — the world’s biggest bond sale — to help fund a state-run investment company that will help manage its $1.33 trillion in foreign-exchange reserves, also the world’s biggest. China’s Ministry of Finance said in a statement yesterday (Wednesday) that it sold the 10-year bonds carrying 4.3% […]

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The Price of Coffee is on the Rise: Who's Really Going To Profit?

By Jason Simpkins Staff Writer First it was the cost of a tank-full of gas for your Mercedes SUV. Then it was interest rate on your home-refi loan. But when they messed with your morning ritual – and boosted the price of your morning latte, well, that was taking things just too damned far. Coffee-king […]

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It's Not Just The Credit Market Weighing On Bernanke's Decision

By Mike Caggeso Staff Writer In spite of the market turmoil of recent weeks, global economist Jay Bryson has a message for investors and consumers alike. Calm down, folks: It’s not as bad as it seems. In fact, Bryson even says the odds of a full-blown recession are unlikely. With the strong recovery in stocks […]

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Acer Shows Why We're Hot On Asia

By Martin Hutchinson Director of Global Investing Research Gateway Inc. (NYSE: GTW), the PC retailer, was worth $27 billion in 1999. Now Taiwan PC-maker Acer Inc. is buying it for $710 million. That shows that even in the consumer-oriented PC business, U.S. distribution capabilities are trumped by Asian manufacturing skills and high-tech know-how. It’s a […]

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Aussie Bank Chief Favors Big Four' Merger to Avoid Asia-Market Irrelevance

From Staff Reports National Australia Bank Ltd. (OTC: NABZY) has jumped back into the debate on the Australian federal government’s ban on mergers between the country’s “Big Four” banks after NAB Chief Executive John Stewart changed his stance on the highly controversial policy, which many feel will relegate Australia’s banking system to a secondary position […]

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Bad Credit Replaces Terrorism as America's Boogeyman

By Mike Caggeso Staff Writer Credit defaults have overtaken terrorism as the U.S. economy’s Public Enemy No. 1, a key national research group reported Monday. The National Association of Business Economics, a Washington-based association, surveyed 258 NABE panel members in the survey: Of that total, 32% cited loan defaults and excessive debt as their biggest […]

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Low Consumer Confidence Unlikely to Motivate the Fed; Stocks Plunge

By Jason Simpkins Staff Writer Worries about the strength of the U.S. economy coupled with questions about the central bank’s willingness to intercede sent shares into an outright freefall yesterday (Tuesday), with the Dow Jones Industrial Average shedding more than 280 points. The bellwether 30-stock Dow plunged 280.28 points – or 2.1% – to close […]

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Venetian Opens On Macau

From Staff Reports  It’s certainly big enough to be a battleship. Or an aircraft carrier. So it was fitting that its grand opening on Tuesday initially seemed more like a ship’s christening: Someone smashed a bottle of champagne on the bow of boat – a gondola that will navigate one of the resorts three indoor […]

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This $900 Million Bet Has Global Traders Talking

By Keith Fitz-Gerald Contributing Editor Insiders trade when they know something. They’re not supposed to, but they do anyway. It’s just a fact of life. Most of the time, it’s pretty petty-ante stuff, but occasionally a trade comes along that makes even jaded professionals like me sit up and take notice. Just such a trade […]

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Wal-Mart Faces New Global Rival in its Home U.S. Market

From Staff Reports Wal-Mart Stores Inc. (NYSE:WMT), the No. 1 U.S. retailer, is about to get a taste of its own medicine. Wal-Mart said it is considering acquisitions in its home U.S. market, and will move to reduce its growth reliance on its gigantic all-everything Supercenters store by focusing on smaller stores. Wal-Mart is being […]

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