Archives for May 2008

May 2008 - Page 5 of 14 - Money Morning - Only the News You Can Profit From

Hong Kong Gaining Prominence as Leading Global Financial Center

By Jennifer YousfiManaging Editor At a time when Europe and the United States are shedding jobs in the financial sector, one financial center is only adding to its ranks: Hong Kong. Though it currently holds third place behind London and New York, Hong Kong's presence as a world financial center is growing by the day. […]

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Home Depot Reports 66% Quarterly Profit Decline, Suffers Storm with Lowe's

By Mike Caggeso Associate Editor The Home Depot Inc. (HD) reported a 66% decline in first-quarter net earnings, the result of what Chief Executive Officer Francis Blake called "worsened" housing and home improvement markets. Story continues below… Net earnings for the biggest home-improvement retailer in the United States decreased to $356 million, or 21 cents […]

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China Seeking Superpower Status With Jumbo Jet Deal

By William Patalon III Executive Editor Money Morning/The Money Map Report As a journalist who has followed both the aerospace sector and China's global emergence for many years, I can honestly say that I wasn't surprised when China recently announced its intent to get into the jumbo-jet airliner business. But for investors with an interest […]

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Global Investing Roundups

Lowe's Reports 1Q Declines; Oracle of Omaha for Obama; Microsoft, Yahoo at it Again; Staples Launches Hostile Takeover of Corporate Express; News Corp. Increases Premier Stake; Take-Two Snubs EA; Pacific Ethanol Stock Surges Despite Loss; Feds to Investigate DeVry Lowe's Cos. Inc. (LOW) coughed up a rough first quarter, reporting a 18% decline in profit […]

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Rising Commodities Push Emerging Market Index Back Into Black

By Mike Caggeso Associate Editor A six-day stock rally in emerging markets has wiped away the 2008 year-to-date loss of the MSCI Emerging Markets Index. Rising commodity prices – particularly oil and metals – helped the index recover its 16% loss leading into the beginning of last week.  As the U.S. economy continues to send […]

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Inflation Threatens Eastern Europe, But Region Still Expected to Grow

By Jennifer YousfiManaging Editor The European Bank for Reconstruction and Development (EBRD) kicked off its annual meeting in Kiev with an inflation warning for Eastern Europe. "Inflation, now in double digits in many countries, is the region's most pressing current problem," the EBRD said in its economic outlook report, Reuters reported. "If left unaddressed, inflation […]

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Leading Economic Indicators Positive, but Recovery Is No Sure Bet

By Jason Simpkins Associate Editor The Conference Board's index of leading economic indicators rose for the second straight month in April, but the National Association of Business Economists (NABE) isn't convinced the United States can skirt recession. The Leading Economic Indicators index rose 0.1% in April, just as it had it March. It was the […]

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Talks About Inflation and Interest Rates Will be on the Front Burner This Week as Economic Speculation Resumes

By William Patalon III Executive Editor Money Morning/The Money Map Report You can bet there will be a lot of discussion about interest rates this week, thanks to the release of the producer price index (PPI) report tomorrow (Tuesday) and the U.S. Federal Reserve meeting minutes on Wednesday. The PPI report will undoubtedly rekindle the […]

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As China's Consumers Start Spending More, U.S Consumers Will Begin to Feel the Global Economic Squeeze

By Peter D. Schiff Guest Columnist As China grapples with the consequences of its devastating earthquake, it finally also has begun to confront the destabilizing forces bubbling that are bubbling up from beneath its economic landscape. Last week, several key Chinese officials, typically not known for their candor, conspicuously noted the need to both stimulate […]

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