Archives for August 2008

August 2008 - Page 4 of 12 - Money Morning - Only the News You Can Profit From

How to Profit From A China Investing Strategy

[The Second of Two Parts] By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report Investors who abandon China now will live to regret their decision. That’s why we say that every investor has to have a China investing strategy. With the benchmark Shanghai stock index down 56% so far this year, you might find that […]

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U.S. Private Equity Firm Lone Star Gets a Bargain on Distressed German Bank IKB

By Jennifer YousfiManaging Editor U.S. private-equity firm Lone Star Funds announced yesterday (Thursday) that it would buy a majority stake in Germany’s IKB Deutsche Industriebank AG for one-fifth of the original asking price. Lone Star will pay $223 million (150 million euros) for a 90.8% stake in IKB, considerably lower than the asking price by […]

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China and Iraq Finalize Oil Contract, as Western Oil Majors Waver

By Jason Simpkins Associate Editor China and Iraq will sign a deal next week to develop the Ahdab oil field, 100 miles southeast of Baghdad, at time when political gridlock and security concerns have cast doubt over several pending short-term contracts. The new agreement, valued at $1.2 billion, is a variation of a deal struck […]

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Foreign Economies Must "Decouple" from the United States by Suspending Lending to U.S. Consumers

By Peter D. SchiffGuest Columnist Economists, who now see American troubles spreading around the world are predicting that foreign central banks will ignore the gathering inflation threat and follow the U.S. Federal Reserve down the rate-cutting path. Similarly, they argue that since the downturn began here, the recovery of the U.S. economy will likely be […]

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Global Investing Roundups

eBay's Copy Cat Move; Mortgage Applications at New Low; FDIC Extends Help to IndyMac Customers; Oil's Wild Ride; Suntech Stock Shines; BJ's Stock Slump; HP Beats Expectations; TVA Hikes Rates 20% Influenced by online retail giant Amazon.com Inc. (AMZN), web-based auction site eBay Inc. (EBAY) announced it would be reducing listing fees for sellers who […]

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Citi Denies Shopping Stake in HDFC, but Other Assets are Still Up for Grabs

By Jason Simpkins Associate Editor Ajay Banga, Citigroup Inc.'s (C) Asia-Pacific chief said yesterday (Wednesday) that his company would not sell its stake in India's Housing Development Finance Corp. (HDFC), but did not comment on reports that the largest U.S. bank is about to sell its back-office unit to Tata Consultancy Services Ltd. (TCS). "India […]

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Monsanto Sells Off Controversial Milk-Hormone Unit to Focus on Seed Product Lines

By Jennifer YousfiManaging Editor Monsanto Co. (MON), the world's largest seed producer, is selling off its rights to a synthetic milk-producing hormone in order to focus its attention more closely on its core business of developing genetically modified seeds and pesticides. U.S. pharmaceutical company Eli Lilly & Co. (LLY) will pay Monsanto $300 million for […]

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How to Profit From the Emerging Markets Investment Banking Boom

By Martin HutchinsonContributing Editor Emerging markets are the place for investment bankers to wheel and deal during the next couple of years, as bankers in Asia, the Middle East and Latin America earn an increasing share of investment banking revenue. Emerging markets share of investment banking revenue has increased both in percentage share and total […]

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