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Global Investing

Analysts Unhappy with Internal Inventory Audit Report From China's LDK Solar

From Staff Reports Shares of high-flying LDK Solar Co. Ltd. (LDK) fell yesterday (Thursday), even after the Chinese solar wafer maker said an internal audit revealed no evidence of wrongdoing related to the way it reports inventory. Early Thursday, LDK said it conducted an investigation after its former financial controller, Charley Situ, said the company […]

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Wheat's Forecasted Price Drop Highlights Profit Plays in Commodities

By Mike Caggeso Staff Writer The doubling of wheat's price in the past year – combined with recent forecasts for price declines – have turned wheat's wholesome image into a volatile one. And depending on where you live, you'll hear a different story. In Australia, the world's second-largest wheat exporter, droughts have cramped the yearly […]

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Pepsi 'Goes Red' in China

By Keith Fitz-Gerald Contributing Editor Sometimes it's better to invest in the hungry underdog than in the satisfied leader, and nowhere is that more clear than with Pepsi and Coke in China. In a story that received only passing coverage here in the U.S. market, Pepsi recently 'went red' in China – as in Coca-Cola […]

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U.S. Economy Surges in the Second Quarter, Struggles After That

By Jason Simpkins Staff Writer The U.S. economy made a strong showing in the second quarter, with growth surging at an annual rate of 3.8% — a major improvement over the anemic 0.6% advance of the first quarter, according to The Associated Press. It was the strongest quarterly showing in more than a year, the […]

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Here's Why MGM is a High-Profit Play on China

By William Patalon III, MBA Managing Editor Money Morning & The Money Map Report When it comes to MGM Mirage (MGM), to borrow a phrase from an old rock-n-roll hit, "you ain't seen nothing yet." That seems to be the general consensus on Wall Street, where investors and analysts alike are salivating over the efforts […]

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Google Studies High-Speed Undersea Cable to Asia

From Staff Reports In a move that highlights both Google Inc.'s ambitious global vision – and the massive infrastructure investments required to make that vision a reality – search-engine giant Google Inc. (GOOG) is in early discussions to invest in a group looking to lay a high-speed telecommunications cable beneath the Pacific Ocean. The project […]

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India’s Outsourcing Capacities are Evolving and Shrinking at the Same Time

By Mike Caggeso Staff Writer On the surface, India is still breaking records as the hub of global outsourcing. Revenues from the insurance industry’s business processing outsourcing (BPO) are estimated to eclipse $2 billion and its India-based workforce is expected to double past 100,000 by 2010, the Economic Times of India reports, citing research from […]

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China Shenhua Plans an $8.9 Billion Shanghai IPO; PetroChina a $5 billion Shanghai IPO

  From Staff Reports China Shenhua Energy Co., China’s largest coal producer, plans to raise 66.6 billion Yuan ($8.9 billion), in the biggest share sale in China in 2007. The initial public offering will sell about 1.8 billion shares on the Shanghai market for 34.99 Yuan to 36.99 Yuan a piece, the company said in […]

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The ‘$900 Million Conspiracy’ Trade That Wasn’t?

By Keith Fitz-Gerald Contributing Editor It’s Friday morning, and the $900 million ‘Mystery Trade’ that I’ve written to you about several times recently expires today. This trade, which has been cause célèbre on the Internet, especially in chat rooms frequented by conspiracy theorists, will likely expire having served its purpose as a below-market-rate financing mechanism […]

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Canadian Dollar Reaches Par Against the Greenback

From Staff Reports The Canadian dollar rose to parity against the U.S. dollar for the first time since 1976 yesterday (Thursday), supported by surging oil prices and broad weakness in the greenback, the Financial Times reported. RBC Capital Markets analyst Adam Cole expects the Canadian dollar to continue its upward trajectory. The reason: “Canada produces […]

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