From Staff Reports European Union finance ministers open two days of talks today (Monday) to discuss how key U.S. problems as a slowing economy, a super-weak dollar and a huge-and-growing trade deficit will affect the European Union, as well as the rest of the world economy. The falling dollar has made U.S. exports cheaper versus […]
Archives for October 2007
October 2007 - Page 11 of 13 - Money Morning - Only the News You Can Profit From
Analysts Unhappy with Internal Inventory Audit Report From China's LDK Solar
From Staff Reports Shares of high-flying LDK Solar Co. Ltd. (LDK) fell yesterday (Thursday), even after the Chinese solar wafer maker said an internal audit revealed no evidence of wrongdoing related to the way it reports inventory. Early Thursday, LDK said it conducted an investigation after its former financial controller, Charley Situ, said the company […]
Garmin Shares Rebound After Analyst Says Fears of Nokia-Navteq Are Overblown
From Staff Reports Shares of personal navigation device maker Garmin Ltd. (GRMN) bounced back after a rocky two days Thursday, after a Deutsche Bank AG (DB) analyst said the sale of Navteq Corp. (NVT), which provides Garmin with map data, is not a threat to Garmin's business. The analyst, Jonathan Goldberg, maintained his "Buy" rating […]
Four Ways to Beat the Credit Crunch and Profit From Global Growth
By William Patalon III, MBA Managing Editor Money Morning/The Money Map Report The worldwide credit crunch isn't over after all. Just days after U.S. stocks soared to record highs – and Wall Street upgraded the embattled homebuilding sector – worldwide groups are issuing warnings that there's likely more pain to come. Investors even bid up […]
Four Ways to Profit as China Ignites Global Milk and Dairy Prices
By Mike Caggeso Staff Writer China's ever-growing middle class has driven up the average price of milk around the world, upsetting everyday grocery shoppers but also providing deft investors with opportunities to profit. The newfound demand from the Far East has also raised the incomes of dairy farmers and changed the way milk – once […]
Investors Looking for 'Goldilocks' Jobs Report Today, With Room For Stocks to Resume Their Upward Advance
From Staff Reports The Labor Department will release its September jobs report early today (Friday), the first such reading since the now-infamous "shocker "August payrolls report that stunned investors, sparked a stock-market sell-off and essentially forced the central bank to slash short-term interest rates. The August jobs report, released Sept. 9, showed that the U.S. […]
China-America Joint Venture Warms Otherwise Frosty Relations
By Jason Simpkins Staff Writer What's in a name? For HuaMei Capital Co., it's a history-making example of how U.S. and China entrepreneurs can work together and profit. Investors from the two countries on Wednesday unveiled HuaMei, Mandarin Chinese for "China-America." But company officials promise that HuaMei will be more than a catchy name, or […]
When Corruption is Low, Your Profits are High
By Martin Hutchinson Director of Global Equity Research Transparency International last week published its Corruption Perceptions Index, ranking 180 countries around the world according to their level of corruption. That sounds like boring goody-goody stuff, suitable only for one of the less-interesting World Bank seminars. But that's not the case: The level of corruption in […]
Firms Issue Mea Culpa for Botched Hedge Fund Markets Report
From Staff Reports A research report that concluded that $32 billion flowed out of hedge funds in July – leading analysts to think the controversial investment vehicles were a major cause of the global credit crisis that started in August – was wrong, the two firms that issued the report admitted yesterday (Wednesday). TrimTabs Investment […]
U.S. Officials Question Whether 3Com Deal Gives Defense Secrets To China
From Staff Reports China's No. 1 network-equipment maker – a firm alleged to have ties to Beijing's military, as well as past links to Saddam Hussein and the Taliban in Afghanistan – could gain access to U.S. defense-network technology in the proposed buyout of 3Com Corp. (COMS), the Washington Times newspaper reported yesterday (Wednesday). 3Com […]