Archives for February 2008

February 2008 - Page 5 of 15 - Money Morning - Only the News You Can Profit From

U.S. Olympians Brown Bag it to Beijing

By Jason Simpkins Associate Editor Chinese officials were put on the defensive yesterday (Thursday) when questioned at a press conference about recent media reports that made it clear the U.S. Olympic team – more than 600 athletes and 400 personnel – would be bringing their own food to the Olympic Games in August. "There is […]

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Cotton - 2008's Forgotten Commodity?

Editor's Note: Agricultural commodities are on fire, but farmers' rush to grow more corn and wheat could create a shortage of cotton. A special report jointly developed by U.K. affiliate MoneyWeek Magazine and our experts here at Money Morning explores the cotton market and how investors can benefit. For more information on MoneyWeek, please click […]

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By Giving up on China, Investors are Giving up on Profits

By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report Investors who abandon China now will live to regret their decision. Even if the U.S. economy skids into a recession, China will continue to grow for decades to come. And that's after nearly 30 years of double-digit growth that country has already logged into the […]

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Dresdner Bails Out Struggling SIV

By Jennifer Yousfi Managing Editor Following a recent precedent set by Citigroup Inc. (C) and HSBC Holdings PLC (HBC), Dresdner Bank AG will rescue its K2 fund, an $18.8 billion structured investment vehicle (SIV), brought low by the subprime credit crisis. Dresdner is Germany's third-largest bank and a wholly owned subsidiary of Allianz SE (AZ). […]

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Rio Tinto Wants More For Its Iron Ore

By Jason Simpkins Associate Editor Rio Tinto PLC (RTP), the world's second-largest iron ore producer, indicated that it was not satisfied with the 65% increase in the benchmark ore price settled on by Brazil's Vale (RIO), the International Herald Tribune reported. Traditionally, world iron ore prices have followed the annual benchmarks established by one of […]

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More Writedowns Ahead as Credit Crisis Spreads

By Jennifer Yousfi Managing Editor A credit crisis that is no longer contained to just the subprime market may lead to an additional $203 billion in write-downs according to a recent research note from UBS AG (UBS) analyst, Philip Finch. "The problem is broadening from just subprime CDO write-downs to potentially a much bigger credit […]

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Midday Market Update: Leading Economic Indicator Index Points to Slower Growth

By Jennifer Yousfi Managing Editor A drop in gasoline prices coupled with more troubling economic indicators sent stocks down, erasing gains made in early morning trading. At noon ET, the three major U.S. stock indices were narrowly mixed. The blue-chip Dow Jones Industrial Average Index dropped 13.35 points (-0.11%), to trade at 12,413.91. The tech-laden Nasdaq […]

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China’s Involvement Helps Derail 3Com Takeover on National Security Concerns

By Jason Simpkins Associate Editor In a move that effectively waves the white flag on a proposed $2.2 billion merger, 3Com Corp. (COMS) and its two deal partners – Bain Capital Partners LLC and Huawei Technologies Co. – yesterday (Wednesday) announced they would withdraw their application to the U.S. Committee on Foreign Investment. “The deal […]

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Consumer Prices Rise, Giving the Fed Cause for Concern

By Jason Simpkins Associate Editor Consumer prices rose 0.4% in January, an indication that Federal Reserve policymakers will have to think twice about the risk of inflation before making more interest rate cuts. Energy prices rose 0.7% last month after gaining 1.7% in December, the Labor Department reported yesterday (Wednesday). Fuel costs were up 4.5%.  […]

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How and Why Investors Should Tap Resource-Rich Brazil

Editor’s Note: Unlike many emerging economies, Brazil is becoming an investor’s hotspot because of its rising middle class and wealth of soft commodities. A special report jointly developed by U.K. affiliate MoneyWeek Magazine and our experts here at Money Morning explores the factors fueling Brazil’s long-term potential. For more information on MoneyWeek, please click here. […]

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