By William Patalon III Executive Editor Money Morning/The Money Map Report I sat down last week with market analyst and Money Morning Contributing Editor Keith Fitz-Gerald for our monthly interview. In our last discussion, in mid-October, Fitz-Gerald specifically warned that stock prices in China could correct in November – just as they've done. China remains […]
Archives for November 2007
November 2007 - Page 2 of 13 - Money Morning - Only the News You Can Profit From
Global Investing Roundup
PacificNet Profits Jump Despite Revenue Slump; Jeweler Signet's Results Don't Sparkle; Issues Profit Warning; Sanyo Posts First Profit in Three Years; BMO Financial Drops in Profits To Build Future Momentum PacificNet Inc. (PACT) – a leading provider of gaming, e-commerce and customer-relationship-management technologies in China – yesterday (Tuesday) announced un-audited third-quarter revenue of $9.8 million. […]
Citigroup Gets a Much-Needed $7.5 Billion Boost from Abu Dhabi
By Mike Caggeso Associate Editor Citigroup Inc. (C) will receive a $7.5 billion cash infusion from the Abu Dhabi Investment Authority, an investment arm of Abu Dhabi's government. The investment will enable the largest U.S. bank to keep paying its $2.16 a share dividend – a promise made by Chairman Robert Rubin – but at […]
Surging Demand and a Nationwide Shortage: Why India Wants Coal for Christmas
By Jason Simpkins Associate Editor Over the past decade, India has blossomed into an industrial and technological powerhouse. And two of the nation's strongest performing sectors have been steel and power, which have provided resources so vital to India's rapid growth. Unfortunately, those sectors are faced with a major shortage that has restricted their growth […]
Consumer Confidence Wanes on the Brink of the Holiday Season
By Jason Simpkins Associate Editor Consumer confidence dipped in November, providing the latest bit of conflicting data about the prospects for this year's holiday shopping season. Spiraling fuel costs and dwindling home prices – which have persisted since summer and which aren't expected to improve for the foreseeable future – were blamed for the disappointing […]
South Africa's 4.7% 3Q Economic Growth Raises Questions About the Country's Prospects
By Mike Caggeso Associate Editor South Africa's economy grew at an unexpectedly brisk 4.7% clip in the third quarter, driven by a 12.5% growth in the finance, real estate and business service industries from last year, a detailed report from Statistics South Africa said yesterday (Tuesday). The economy's third quarter performance was a marked improvement […]
Eight Ways to Profit if OPEC Dumps the Dollar
By Keith Fitz-Gerald Contributing Editor Last Sunday, Iranian President Mahmoud Ahmadinejad dropped a bombshell in Riyadh. And while it wasn't a nuclear one, it might as well have been. He stated on the record at a rare gathering of the heads of the Oil Producing and Exporting Countries (OPEC) cartel that OPEC members have expressed […]
With one-third of the world’s land… two-thirds of its people… and skyrocketing markets like China, there’s little doubt that Asia is poised for a long financial boom.
In fact, the World Bank recently reported that Asia will soon account for 55% of the worldwide economy – double its current share. That would make it twice the global economic force that the U.S. is today. It’s a sobering thought. And yet it’s also an opportunity – perhaps the best one we’re likely see […]
Global Investing Roundup
DHL Delivers in Asia; Airbus Throttles Back on Iberia Bid; Quebecor Won't Print Dividends; Areva to Power China's Nuclear Power Program DHL Worldwide Express Inc., a division of Deutsche Post AG Bonn (DPSTF), said yesterday (Monday) that it plans to invest $175 million in a new North Asia cargo hub at Shanghai's Pudong International Airport. […]
India Government Rejects Citigroup Bid to Boost its Stake in India's Chief Stock Exchange
By Mike Caggeso Associate Editor India's government rejected a bid by Citigroup Inc (C) to raise its equity stake in the National Stock Exchange of India Ltd. from 2% to 5%. Under federal guidelines, foreign investors are allowed to hold up to 5% in an Indian stock exchange, and Citigroup is within those bounds. Nonetheless, […]