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Global Investing

Are Your Investments Third Class?

By Martin Hutchinson Director of Global Investing Research Brazil President Luis Inacio “Lula” da Silva announced this week that “Brazil is not afraid” of the subprime mortgage crisis. Indeed, he said, it’s purely a U.S. problem, caused by people trying to make a lot of “third-class money.” That’s a concept so beautiful, and so inviting […]

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Fund Manager Favors BHP, Which is Striking it Big in India

From Staff Reports Anglo-Australian mining giant BHP Billiton Ltd. (NYSE:BHP), which on Wednesday reported a $13.42 billion fiscal 2007 profit, said today (Friday) that the nine big projects it is set to finish in India this year would all meet their targets for costs and timing. BHP’s net profit presented a 28.4% gain over its […]

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Dubai's Investment Arm Grabs Stake in MGM

By Mike Caggeso Staff Writer Dubai's extended its state-funded global reach a bit further yesterday (Wednesday) when its Dubai World investment arm agreed to pay $5.1 billion for a 9.5% stake in investor Kirk Kerkorian's MGM Mirage (NYSE:MGM). Dubai World is a holding company for the Persian Gulf state. News of the deal sent MGM […]

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China's Mobile Phone Competition Will Escalate as Business Grows

By Mike Caggeso China Mobile Ltd. (NYSE: CHL), the world’s largest cell phone provider, continues to pummel its competition. Last week, the company posted a stronger-than-expected 25% increase in first-half profits, which rose from $3.87 billion to $4.85 billion. And yesterday (Tuesday), China Mobile announced it added a record 5.6 million customers in July, up […]

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China Moves to Enable Individuals to Buy Hong Kong Shares

From Staff Reports  Beijing's decision to allow individual mainland investors to trade directly in Hong Kong-listed shares could funnel tens of billions of dollars into the Hong Kong market over the next year and could help fuel an ongoing bull market in stocks, experts say. Deutsche Bank AG (NYSE: DB) estimates the Monday policy shift, […]

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Wm Wrigley Capitalizing on Innovation, Global Reach

From Staff Reports Brokerage Bear Stearns Cos. (NYSE: BSC) yesterday (Tuesday) upgraded gum-and-candy maker Wm Wrigley Jr. Co. (NYSE: WWY) to “peer perform” from “underperform,” citing Wrigley’s better-than-expected competitive response to a competitive threat from rival Cadbury Schweppes (NYSE: CSG), as well as ongoing momentum in the developing markets and continued success with new products. […]

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Europe, Japan and U.S. Central Banks Inject More Cash Into Markets

From Staff Reports Central banks in Europe, Asia and the U.S. injected more cash into the global financial markets yesterday (Tuesday), in a continued campaign to allay investor fears, The Associated Press reported. The European Central Bank placed $370.6 billion in its normal weekly refinancing, adding to emergency maneuvers it’s undertaken over the past few […]

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In Japan, Bad News Could be Good News for Investors

By Martin Hutchinson Director of Global Investing Research When Shinzo Abe, Japan's prime minister, suffered an election defeat recently, some investors at first thought it was bad news. You see, it was Abe who had followed the pro-market policies of the previous prime minister, Junichiro Koizumi, and in doing so pulled Japan out of its […]

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Fixed Asset Investment In China Rises to $747 Billion, a 26.6% Increase

By Jason Simpkins Investment in China’s fixed assets – factories, property and equipment – increased 26.6% in the first seven months of 2007, fueling concerns that China’s national economy could overheat. In a related development, inflation has reached a ten-year high, putting even more pressure on China’s central bank to raise interest rates, and slow […]

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