By William Patalon III Managing Editor Berkshire Hathaway Inc. (BRK.A, BRK.B) Chairman Warren Buffett yesterday (Thursday) paid his first visit to South Korea, where the billionaire U.S. investor has invested in 20 companies, including a 4% stake in the country's Number One steelmaker, POSCO Ltd. (PKX), South Korea's Yonhap news agency said. In an email […]
Archives for October 2007
October 2007 - Page 3 of 13 - Money Morning - Only the News You Can Profit From
Vietnam Growing at Exceptional Rate… American Investors Looking for Good Entry Point
Vietnam stocks have soared 25% since early August alone, underscoring the promise of that Asian nation. A special report jointly developed by U.K. affiliate MoneyWeek Magazine and our experts here at Money Morning explores the factors fueling Vietnam's long-term potential. Vietnamese stocks have rocketed over the past few weeks, gaining 25% since early August. The […]
The Five Top Plays to Profit from the Gold Boom
By Martin Hutchinson Director of Global Investing Research [Editors Note: The Second of Two Parts. To Read Part I of this story, please click here]. If you were a gold investor back in the good old days of 1895, life was pretty easy. You'd spend the day in a huge leather armchair at your London […]
Why India Is Losing the Race with China - and What It Can Do to Gain Ground
By Jason Simpkins Associate Editor India, no doubt, has corned the global market in the service sector. Think of it as the call center to the world. But China has established itself as the world's factory floor, making everything from Barbie dolls to match sticks. Yet while the growth in India has been impressive (its […]
Global Investing Roundup
Merrill Writedown; STM Surprises; Longtop IPO Soars; Glaxo Cuts Costs; VW Deal Cleared Merrill Lynch & Co. Inc. (MER) yesterday (Wednesday) took $7.9 billion in mortgage-related writedowns – $3.5 billion more than the company predicted only two weeks ago – for the third quarter, spawning fears that the global credit crisis might be entering a […]
Dubai World Halts Investments in MGM Shares - For Now - But Las Vegas Firm Still Offers Great Promise From China
From Staff Reports Dubai World has temporarily halted its investments in MGM Mirage Inc. (MGM), after shares of the Las Vegas hotel-and-gaming firm soared well above the suitor's target price. A government-run venture investor, Dubai World used its Infinity World Investments unit to purchase 14.2 million common shares of MGM stock at about $84 a […]
Would Buffett Give China Mobile a Thumbs Up or Down?
By Mike Caggeso Associate Editor China Mobile Ltd.'s (NYSE:CHL) 30% nine-month profit growth is just as impressive as it is worrying – to Warren Buffett at least. The world's largest mobile-phone operator credited rapid subscriber growth and gains in value-added businesses for its growth, which has handed investors 120% gains on the company's stock since […]
Production Report Drives BHP Estimates Down
BHP Billiton Ltd. (BHP), the world's largest mining company, released a lackluster output report Tuesday. According to the report, the company continues to take substantial losses related to its Australian uranium operations. The Age of Australia reported that BHP has been forced to make spot market purchases of uranium to fulfill its supply obligations. That […]
The $8 Billion "Family Feud"
From Staff Reports An expensive legal family war has shed light on the wealth of the Sultan of Brunei, a small country located on the north coast of Malaysia. Sultan Hassanal Bolkiah, who is the country's absolute monarch, is alleged to have secretly transferred $8 billion of state money into his personal bank account, the […]
The Five Ways to Profit From the Pending Gold Bubble
By Martin Hutchinson Director of Global Investing Research (The First of Two Parts) The Fed has kept interest rates too low for the last decade, causing bubbles in tech stocks and housing, and has now begun to lower rates anew. Other central banks have done the same, notably in China, where the economy and the […]