Subscribe to Money Morning get daily headlines subscribe now! Money Morning Private Briefing today's private briefing
Category

Global Investing

Turkey Economy Slows, Interest Rate Cuts Looming

From Staff Reports By most standards, 3.9% GNP growth is pretty good. But not for Turkey, where the second quarter figure is down from 6.9% in the previous quarter, marking its slowest growth since Q1 2002. Turkey’s economy has enjoyed five-straight years of growth. In 2005, Turkey’s economy grew at a 7.4% clip. In 2006, […]

Read More…

This $900 Million Bet Has Global Traders Talking

By Keith Fitz-GeraldContributing Editor Insiders trade when they know something. They're not supposed to, but they do anyway. It's just a fact of life. Most of the time, it's pretty petty-ante stuff, but occasionally a trade comes along that makes even jaded professionals like me sit up and take notice. Just such a trade surfaced […]

Read More…

China Communication Construction Taunts Barred U.S. Investors With 136% First-Half Profits, 130% YTD Stock Gains

By Mike Caggeso Staff Writer China Communication Construction Co. released striking first-half numbers that parallel the country's massive trade explosion. Profits rose 136%, revenue rose 24% and earnings per share leaped 90% during the first half, CCCC reported in its first half-year earnings statement since its December 2006 IPO in Hong Kong. Infrastructure construction, which […]

Read More…

Intel Starts Work on $2.5 Billion China Chip Plant

From Staff Reports Intel Corp. (INTC), the world's largest chipmaker, said Saturday that construction work already has started on its $2.5 billion chip manufacturing plant in China – its first actual manufacturing plant in Asia. Named "Fab 68," the new Intel chip-manufacturing facility will be "an integral part of our global manufacturing network while bringing […]

Read More…

Billionaire's Plans for Macau Casino Resort Stung by Global Credit Crunch

By William Patalon III Managing Editor The Money Map Report Even billionaires aren’t immune to the subprime-mortgage crisis and the accompanying global credit crunch. Only a week after the Las Vegas Sands Corp. opened its luxurious Venetian Macao hotel and resort just off the China coast, the Macau casino plans of Australian billionaire media mogul […]

Read More…

Hold your noses and profit

By Martin HutchinsonDirector of Global Investing Research Emerging-markets investing can be a strange business. Most of the time, the process is fairly simple, and profitable. All one must do is to: Identify the two or three best prospective countries. Examine the economic and political prospects of each one (as well as the prospects of the […]

Read More…

Chinese Banks Go Public to Satisfy Bull Market Demand

By Jason Simpkins Staff Writer China Construction Bank Corp. is gearing up for what is likely to be the world's second biggest public stock offering this year.  The amount the bank expects to raise was not disclosed in the preliminary prospectus released Tuesday.  But based on current share prices it's estimated that the stock offering […]

Read More…

Sony Financial Holdings Shaping to be Japan's Biggest IPO of the Year

By Mike Caggeso Staff writer Most of us know Sony Corp. (SNE) as Japan's electronics and videogame juggernaut. But its upcoming IPO will add another public dimension — insurance and financial services juggernaut. Yesterday (Tuesday), the Tokyo Stock Exchange approved the application for the listing of the common shares of Sony Financial Holdings. Sony Corp. […]

Read More…

Taiwan's Asustek Plans $200-$300 ‘Developing Markets' Notebook PC

From Staff Reports Taiwan-based Asustek Computer, a leading PC maker, will launch its much-awaited cheap computer this month, a laptop computer designed for the developing economies. Developed in partnership with U.S. chip giant Intel Corp. (INTC), the laptop has a seven-inch screen that will come in two versions: One that will sell for about $199 […]

Read More…

The Philippines' 7.5% GNP Growth is No Fluke

By Mike Caggeso Staff Writer All the hot talk of China, India and even Vietnam’s soaring economies have overshadowed a country that has been making gains for the past decade — the Philippines. Fueled by a steady economy and a surging service sector, the archipelago country posted a 7.5% GNP growth for the second quarter, […]

Read More…