Category

China

Coca-Cola's Big Third Quarter Highlights its Rivalry with Pepsi

By Mike Caggeso Staff Writer Coca-Cola Co. (KO), the world's biggest soft drink maker, released better-than-expected third-quarter results yesterday (Wednesday), attributing the upside surprise to its worldwide growth. Overall, the company posted a 13% gain in profits, a 19% jump in net revenue and a 15% increase in earnings per share. Other highlights from its […]

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Record Surge of China ETF Speaks to Risk and Opportunity of Chinese Market

By Keith Fitz-Gerald And William Patalon III Money Morning Editors It's not particularly unusual to see a $10 stock move up 9.43% in a day. But it's extraordinary to see a $200 stock make that kind of move. It's even more amazing to see something like this happen on a day when the Dow Jones […]

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China: Bubble or Bull Market?

By William Patalon IIIManaging EditorMoney Morning/The Money Map Report With stock prices in China continuing to soar, I decided to sit down this week with our resident Asia expert, Keith Fitz-Gerald, to talk about the promises and perils of the China market. Given some of the landmark calls Keith has made – the historic rise […]

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China Citic Looks to Buy Bear Stearns at Bargain Value

By Jason Simpkins Staff Writer Shares of Bear Stearns Cos. Inc. (BSC) soared $2.36 each, or 1.96%, closing at $123.05 yesterday (Tuesday), after China banking giant Citic, a division of China Citic Group announced it was interested in acquiring a stake in the embattled U.S. investment bank. Jiang Dingzhi, vice chairman of the China Banking […]

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PetroChina Surpasses GE as Worlds Second Most Valuable Company; Sets Sights on Exxon

By Mike Caggeso Staff Writer Record oil prices and strong sales and profits have vaulted PetroChina Co. Ltd. (PTR) past General Electric Co. (GE) as the world's second-biggest company by market value. PetroChina also said it had completed procedures for its $5 billion A-share initial public offering and expects to list its shares on China's […]

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Is China Annexing Africa?

Trade between China and Africa hit a new high of $55.5 billion last year, up 40% from the year before. A special report from Tim Bennent and our U.K. affiliate, MoneyWeek Magazine, explores Beijing's motivations for upping its trade relations in Africa. The latest project to hit the headlines is a $5 billion offer from […]

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China and Japan Digging Up A Skirmish 'Down Under'

By Jason Simpkins Staff Writer Murchison Metals, a company heavily backed by Japan-based Mitsubishi, has launched a hostile takeover of Midwest Corp., a company backed by Sinosteel, a state owned Chinese entity. The maneuver underscores a long-standing rivalry between the two nations, one that sees the two Far East juggernauts squaring off in a bid […]

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Deutsche Bank Boosts YUM Brands Target Price to $43

From Staff Reports With its 'robust' cash flows and terrific international growth prospects – especially in China – restaurant operator Yum Brands Inc. (YUM) remains a "Buy," Deutsche Bank Securities (DB) analysts said yesterday (Thursday). The Yum Brands target price has been raised from $38 to $43, Deutsche Bank Securities said. Shares of Yum Brands […]

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Goldman Sachs Finding Resistance to Deals in China

By Jason Simpkins Staff Writer Goldman Sachs (GS) will relinquish its control of the consortium that owns China's largest meat processor, the Financial Times reported. The unexpected decision again raised concerns about China's ongoing reluctance to allow foreign ownership of high-profile domestic companies. Last year, Goldman Sachs teamed up with Chinese private equity firm CDH […]

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Minsheng Becomes First Mainland China Bank to Invest in a U.S. Bank

By Keith Fitz-Gerald And William Patalon III Money Morning In a trendsetting deal that gives U.S. investors a direct play on mainland China’s fast-growing financial muscle, China Minsheng Banking Corp. Ltd. will acquire a 9.9% stake in San Francisco’s UCBH Holdings Inc. (UCBH), making this the first Chinese investment in a U.S. bank. The deal […]

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