German Bank SachsenLB, Buffeted in Subprime Crisis, to Be Taken Over by Larger State Bank

From Staff Reports Germany's Landesbank Baden-Wuerttemberg will take over SachsenLB, the smaller public-sector German bank that helped the subprime...

Hong Kong Metal Shares Surge

From Staff Reports Aluminum Corp. of China Ltd. (NYSE: ACH) and Jiangxi Copper Co. Ltd. (SHA: 600362) soared to records yesterday (Monday), bolstered...

The Three Secret Indicators That Will Pave the Way to Global Profits

By Keith Fitz-Gerald Contributing Editor The National Association of Business Economists, or NABE, says its newest study shows that credit risk has...

Soybean Prices Approach Record High

By Jason Simpkins Staff Writer Soybeans - a key crop used in the creation of certain Biofuels - is nearing record price levels, and may actually hit...

New Home Sales, Factory Orders Both Pick Up in July

By Jason Simpkins Staff Writer Sales of new homes and U.S. factory orders for durable goods both picked up in July, a development that could enable...

Stocks Post Solid Gains For Week

From Staff Reports U.S. stocks finished out their calmest week in a month on Friday with a solid gain: The Dow Jones Industrial Average soared 142.99...

Financial Institutions in Asia Feel Subprime Shock

By Jason Simpkins Staff Writer The state-run Bank of China and its Hong Kong subsidiary last week stunned investors by revealing a combined $11.25...

Google Planning $8 Billion Worldwide ‘Gphone' Launch

From Staff Reports Search-engine giant Google Inc. (Nasdaq: GOOG) is believed to be only weeks away from the worldwide launch of its “Google...

Are Your Investments Third Class?

By Martin Hutchinson Director of Global Investing Research Brazil President Luis Inacio “Lula” da Silva announced this week that...

Countrywide CEO Still Gloomy After $2 Billion Capital Infusion

By Mike Caggeso Staff Writer Countrywide Financial Corp. CEO Angelo Mozilo said yesterday (Thursday) that the housing market isn’t improving and...

German Budget Surplus Defies Both the Odds and a Global Credit Crunch

By Jason Simpkins Staff Writer Germany is on its way to a surplus for the first time in 18 years, the Financial Times reported – a bit of a...

WHO Says Risks of Worldwide Disease Outbreak are at Highest Levels Ever

From Staff Reports This year’s World Health Organization (WHO) World Health Report warns that brand-new – and still-emerging – infectious...

Commercial Paper Continues Plunge, Pressures Mount on Fed to Cut Rates

From Staff  Reports The level of outstanding commercial paper underwent its biggest weekly drop in at least seven years in the period that ended...

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...

Investors Will Clean Up From Beijing's Toxic Mess for Years to Come

By Keith Fitz-Gerald Contributing Editor As a tri-athlete who has competed at the international level, I know what it takes to get ready both...

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...

Inflation Rate Reaches 7,635% In Zimababwe

From Staff Reports Think inflation is through the roof in the United States? Let’s be thankful we’re not in Zimbabwe, where the...

BHP Earnings Soar 28.4 Percent

From Staff Reports The Anglo-Australian BHP Billiton Ltd. (NYSE:BHP), the world’s largest mining company, reported its fiscal 2007 net profit...

Lehman Shutters BNC Mortgage Unit, Cuts 1,200 jobs

From Staff Reports Lehman Brothers Holdings Inc. (NYSE: LEH) yesterday (Wednesday) announced that it is shutting down its subprime-mortgage unit, BNC...

ECB Still Will Boost Rates in September

From Staff Reports The European Central Bank indicated it may still raise interest rates in September and announced another three month loan –...

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