By William Patalon III Managing Editor Money Morning China Fire & Security Group Inc. (CFSG), China's leading maker of fire-safety equipment and systems, has a $1 billion opportunity in its home market, thanks to a newly enacted fire code few industrial companies have complied with yet, an analyst wrote in a research note. Michael H.V. […]
Archives for November 2007
November 2007 - Page 7 of 13 - Money Morning - Only the News You Can Profit From
Federal Reserve to Increase Disclosure, Will Now Publish Economic Forecasts Quarterly
By Mike Caggeso Associate Editor Will the "Bernanke Era" be remembered for its own form of glasnost? Perhaps so. U.S. Federal Reserve Chairman Ben S. Bernanke and his team at the policymaking Federal Open Market Committee announced yesterday (Wednesday) that they would increase the frequency of their economic projections from twice a year to once […]
Macquarie Group’s First-Half Profits Rise 45%, But Fearful Investors Cash Out
Mike Caggeso Associate Editor Investors backed away from Australian bank Macquarie Group Ltd. – despite a 45% gain in first-half profit – after Chief Financial Officer Greg Ward warned that the "very, very favourable equity market" the company enjoyed in the first half "may not be as favourable in the second half." Shares of Australia's […]
Global Investing Roundup
Royal Bank of Canada Feels Subprime Pain; China Fire and Security Rings Up Record Earnings; Japan's NTT Dials Up Emerging Market Profits; McDonalds Puts U.S. Operations on Back Burner to Go Global The Royal Bank of Canada (RY), Canada's largest lender, announced yesterday (Tuesday) that it would take an after-tax charge of $160 million related […]
Three Ways to Profit From the Mining Sector's Takeover Boom
By Martin Hutchinson Contributing Editor If you bought Rio Tinto PLC (RTP) following my recommendation in November's Money Map Report, you've made out quite nicely. The stock is up about 30% since my recommendation on the news of the $153 billion takeover bid by Australian minerals giant BHP-Billiton Ltd. (BHP). Now the question is: should […]
Why the Chinese Trade Boom Could Cause the Country to Go Bust
By Jason Simpkins Associate Editor China's trade surplus for the first 10 months of the year expanded by 59% to $212.4 billion, easily eclipsing the full-year record of $177.5 billion set in 2006. According to figures released by the General Administration of Customs, October's trade surplus rose 13.6% from the same month last year, to […]
Sales Soar at Dubai Airshow
From Staff Reports Both Boeing Co. (BA) and rival Airbus SAS secured hefty contracts at the Dubai Air Show, the world's third-largest aerospace event. However, Boeing isn't resting on its success, but is rather looking ahead to what it thinks will be a very lucrative market in the future. Orders topped $80 billion on in […]
Slovak Economy Grows 9.4% in 3Q, Enforces Case for 2009 Eurozone Admission
By Mike Caggeso Associate Editor Slovakia's economy grew at an impressive 9.4% clip – or $21.5 billion – during the third quarter, driven largely by its surging manufacturing sector, the Statistical Office of the Slovak Republic announced yesterday [Tuesday]. Employment also rose 2.1%. The government attributed most of the growth to the "manufacturing of machinery, […]
Banco do Brasil Sees Profits Rocket 50% in Third-Quarter
From Staff Reports Banco do Brasil, Latin America's largest bank, said profits rose 50% in the third quarter, due to borrowers taking advantage of record low interest rates. Farmers comprise a large portion of the government-controlled bank's borrowers. High crop prices – particularly sugar cane for ethanol production – gave farmers more financial leverage to […]
How to Profit from Canada's Commodity Boom
Canada's economy is on a roll and its underlying strength is primarily a commodities story. The main protagonists are uranium and oil, says Jody Clarke in a two-part series from our U.K. affiliate, MoneyWeek Magazine.Those commodities and more are causing investors to see green in the Great White North. [Editors Note: The First of Two […]