The financial services industry in the United States and Europe is still reeling from the financial crisis, shedding tens of thousands of jobs each month – even a year after the crisis hit its apex. However, recent evidence suggests that the financial services industry in Asia – particularly China, which was largely isolated from the […]
Archives for September 2009
September 2009 - Page 9 of 10 - Money Morning - Only the News You Can Profit From
The Five Financial Shockwaves to Expect When China's Yuan Swaps Places with the U.S. Dollar
Most Americans will view China’s effort to dethrone the U.S. dollar as the world’s main reserve currency as one of the biggest economic threats that this country will have to face. But the reality is that this tectonic shift in global finance – and the economic shockwaves that will result – could provide investors with […]
Investment News Briefs
With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world. ECB Holds Rates at 1%; Shanghai Soars; Oracle-Sun Deal Faces European Probe; Dainippon Agrees to Buy Sepracor; South Korea 2Q GDP Moves 2.6%; OECD Says Global Recession May Be Over; […]
OECD: Global Economic Recovery to Start Sooner Than Expected, but Caution Remains
The worst global recession since World War II is ending faster than previously thought, but the recovery will still be a slow one, the Organization for Economic Cooperation and Development (OECD) said today (Thursday). For the combined economy across the Group of Seven (G7) nations, the OECD expects a contraction of 3.7% this year, down […]
When it Comes to China, Australia Shows Investors How to Maximize Profits
A $15 billion deal for liquefied natural gas (LNG) involving Australia, China and global-oil heavyweight Exxon-Mobil Corp. (NYSE: XOM) has prompted many investors to worry that China may be using its global-markets muscle to "paper over" cracks in the global economy. In reality, however, this mega-deal is a harbinger of what's to come, and highlights […]
Investment News Briefs
With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world. Yuan Funds on Track for $1 Trillion; U.S. Manufacturing Rebounds in August; Wells Fargo Repaying TARP Through Earnings; GM China Sales up 112% in August; Australia's Economy Grows Faster than […]
Semiconductor and Electronics Makers Anticipate a Bounce in Business Spending Next Year
A longtime investment adage holds that "As goes Intel, so goes the rest of the semiconductor industry." And as goes the semiconductor industry, so goes the U.S. economy. These days, microchips are present in virtually every type of product – from coffee makers to cars: If it plugs into the wall or takes batteries, chances […]
BP's 'Giant' Discovery Gives the Gulf of Mexico New Life
BP PLC (NYSE ADR: BP) yesterday (Wednesday) announced a "giant" oil discovery in the Gulf of Mexico that may contain more than 3 billion barrels of oil. The find is evidence of the Gulf's resurrection as a major oil producer, as well as the great lengths – or depths – to which major oil companies […]
Yesterday's Sept. 1 Downer For Stocks Darkens the Outlook in an Already Bleak Month For Investors
Money Morning Staff Reports When it comes to U.S. stocks, the first trading day of September typically sets the tone for the rest of the month. And with share prices having hit a sour note yesterday (Tuesday), investors probably shouldn't anticipate a positive showing for the rest of September. U.S. stocks nose-dived yesterday, with the […]
Landslide Election Victory in Japan Will Lead to an Avalanche of Future Profits For Global Investors
When it comes to Japan, political change should translate into long-term profits for global investors. After 54 years of near-single-party rule – not to mention two decades of economic malaise – it's not surprising that voters eager for change delivered a landslide election victory to the opposition in that key Asian nation. Last weekend's Japanese […]