Archives for October 2007

October 2007 - Page 3 of 13 - Money Morning - Only the News You Can Profit From

Warren Buffett and Berkshire Hathaway Purchase Stakes in 20 South Korean Firms, Including POSCO

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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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