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Global Markets

Global Investing Roundups

InBev Seeks Overthrow of AB Board; Microsoft Open to New Talks with Yahoo; Crude Retreats; Merrill Lynch to Write Down $6 billion; Freddie and Fannie Tumble; Tighter Fed?; Greenback Weighs on Gold; Prius Goes Solar Belgian brewer InBev NV announced yesterday (Monday) that it would attempt to remove the entire Anheuser-Busch Cos. Inc. (BUD) board […]

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LIBOR Sends Another Shaky Signal to the Global Financial Markets

By Martin HutchinsonContributing Editor The news that the London Interbank Offer Rate (LIBOR) system of setting interest rates is running into trouble was surprising at first glance.  It seems some banks are giving phony LIBOR quotations that don't reflect the true rates at which they accept deposits. In the perfect financial system, beloved of regulators […]

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Doha Deal Could Offer $100 Billion a Year to Global Economy if it Gets Done

By Jason Simpkins Associate Editor The Doha round of global trade negotiations, which for seven years has failed to liberalize agricultural trade, may finally be close to its first conclusive action. Global food prices, which have surged more than 80% in the past three years, are actually moving the talks forward by eradicating the tariffs […]

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Four Ways to Profit from Taiwan’s Recent Presidential Election

By Martin Hutchinson Contributing Editor Taiwan is the China investors should be focusing on. Investors in Taiwan got good news last week when the party that favors closer relations with China won the Taiwanese presidency. The win by Ma Ying-jeou of the Kuomintang party sent the Taiex Index up 4% in one day. The win […]

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Global Investing Roundups

General Mills Serves Up 60.8% Net Profit; Vale to Add 62,000 New Jobs; Berkshire Takes Stake in Marmon; Oil Drips Lower; Gold Loses Luster; Tata Communications Launches & Slumps; Cheaper Coffee at Starbucks; Nike Hits $1 Billion in China General Mills Inc. (GIS) offset the soaring cost of wheat with cost-cutting measures and increased sales, […]

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Hong Kong’s Blue-Chip Index Plunges

From Staff Reports Hong Kong’s Hang Seng Index had its biggest daily loss since the day after the 9/11 terrorist attacks, and has now lost 23% from its Oct. 30 high, crossing the 20% loss threshold that has traditionally signaled a bear market. “Sentiment is very weak and investors are selling big time,” Mona Chung, […]

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Global Investing Roundup

News Corp. Buys Into German PPV Market; Indiabulls Beefs Up Consumer Lending; Nokia-Siemens Joins Moves Into the Mid-East; Schnitzer Quarterly Earnings Lackluster News Corp. (NWS), the news and media conglomerate controlled by billionaire Rupert Murdoch, has purchased 15% of Premier PREGn.DE, the largest pay-TV broadcaster in Germany. According to Reuters, News Corp. is paying $421.6 […]

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Global Investing Roundup

Tata Motors Emerges as Front-Runner for Jaguar and Land Rover; Toyota Supplants Ford as Second-Largest U.S. Auto Seller; KongZhong Mobile Teams With China Sports Industry; Investors Not Buying London Scottish Bank's Assurances  Tata Motors Ltd. (TTM), the largest truck maker in India has emerged as the favored bidder for the Jaguar and Land Rover units […]

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Global Investing Roundup

Globalstar Expands South American Reach; Centro Properties Puts Itself on the Auction Block; Vietnam Brewer Sabeco Plans IPO; PHH Corp. LBO Falls Through Globalstar Inc. (GSAT), a leading provider of mobile satellite voice and data services, announced yesterday (Wednesday) that it has reached an agreement with Loral Space & Communications Ltd. (LORL) for the company's […]

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Global Investing Roundup

BlueScope Broadens Base with IMSA Acquisition; Lifetime Moves Into Mexico with Ekco; Alibaba.com Deal Will Allow Chinese Online Consumers to Buy From U.S. Retailers; Daito Founder Puts His $1.7 Billion Stake on the Block  BlueScope Steel Ltd., Australia’s largest steelmaker, announced yesterday (Thursday) that it would pay $730 million for IMSA Steel Corp., the Associated […]

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