By unilaterally stripping away the Venezuelan oil holdings of both Exxon Mobil Corp. and ConocoPhillips, Venezuela President Hugo Chavez has essentially bid adios to future investments by foreign corporations.
Demand for big-ticket U.S.-made goods plunged in May, as orders for metals, heavy machinery and even aircraft all skidded. The orders for so-called “durable” goods dropped by 2.8% last month – the biggest decline in four months, and far more than the 1% decline economists had projected. This report is considered a crucial indicator of […]
In the decades to come, the real money will be made through global investing. The fast-growing markets in Asia, Eastern Europe, Russia and parts of Latin America will emerge as key places to do business, and their companies will see their values soar.