By Jason Simpkins Associate Editor Iran opened an exchange for crude and petrochemicals Sunday, an effort that encourages private investment in the nation's prominent energy sector. "The bourse provides an economic opportunity for Iranians, other countries, and foreign customers," Iranian Oil Minister Gholam Hossein Nozari said in a statement. The primary trade currency used by […]
Archives for February 2008
February 2008 - Page 7 of 15 - Money Morning - Only the News You Can Profit From
Qatar Sovereign Wealth Fund Buying Credit Suisse Shares, Qatar Prime Minister Says
By William Patalon III Executive Editor Money Morning/The Money Map Report The government of Qatar – operating through its state-run investment fund – is accumulating shares in Swiss banking giant Credit Suisse Group (CS) and says it intends to invest as much as $15 billion in U.S. and European bank stocks over the next year. […]
Midday Market Update: Commodities, Wal-Mart Earnings Carry Markets to Early Gains
By Jason Simpkins Associate Editor Strong earnings from Wal-Mart Stores, Inc. (WMT) and soaring commodity prices helped U.S. markets to their first increase in three trading days today (Tuesday). Wal-Mart announced a record fourth fiscal quarter, as sales exceeded $100 billion. Wal-Mart is the first retailer to ever cross that threshold in a single quarter. […]
Now That Warren Buffett is Crazy About the Loonie, Here are Seven Ways to Profit From a Strong Canadian Dollar
Editor's Note: The Money Morning staff was off enjoying the President's Day holiday yesterday, but our regular publishing schedule will resume tomorrow. In the meantime, here's a brand-new investment research report we thought that you would find both interesting and profitable. By William Patalon III Executive Editor Money Morning/The Money Map Report According to a […]
Outlook 2008: Three Ways to Profit From Sovereign Wealth Funds - the "Next Wall Street"
By William Patalon III Executive Editor Money Morning/The Money Map Report Editor's Note: This is the 18th Installment of an Ongoing Series Highlighting the Global Investing Outlook for 2008. A year ago at this time, few investors had ever heard the term "sovereign wealth fund." But now these government-controlled investment pools are making headlines virtually […]
How Much is that Doggy in the Window? Fetching Profit in the Pet Care Industry
By Jason Simpkins Associate Editor Last year, Pfizer Corp.'s (PFE) animal health unit introduced the drug SLENTROL in the U.S. market as a way of dealing with doggy obesity. The drug succeeded in helping the canine community shed something besides fur, and is now destined for a debut in Europe. Experts estimate that 25% to […]
Money Morning's Three-Minute Review: How Last Week's Events Will Shape This Week's Action
By William Patalon III Executive Editor Money Morning/The Money Map Report Investors can expect another tug of war between the Bull and the Bears in the U.S. stock market this week. The bulls will take comfort from efforts to rescue the embattled U.S. bond-insurance industry. But several of the earnings reports slated for release this […]
Citigroup Forced to Suspend Redemptions in Hedge Fund
By Jennifer Yousfi Managing Editor To avoid a fire sale of illiquid assets, Citigroup Inc. (C) was forced to suspend investor withdrawals from CSO Partners, a hedge fund that focuses on corporate credit. "We have temporarily suspended redemptions of all shares of CSO to stabilize the fund and allow time to address its funding needs […]
Warren Buffett's Berkshire Hathaway Crafts Deals for Kraft Foods and GlaxoSmithKline
By William Patalon III Executive Editor Money Morning/The Money Map Report Warren Buffett's Berkshire Hathaway Inc. (BRK.A, BRK.B) has taken an 8.6% stake in Kraft Foods Inc. (KFT), making it the foodmaker's biggest shareholder. In a regulatory filing made late last week, the Omaha-based Berkshire also revealed that it had acquired a $76.1 million stake […]
Import Prices Rise to 12-Month Record High
By Jennifer Yousfi Managing Editor U.S. import prices reached a record high in January, the Department of Labor reported late last week (Friday). Import prices for January increased 1.7%, more than twice as much as had been expected. According to a Bloomberg News survey of 52 economists, import prices were only expected to increase 0.5% […]