By Mike Caggeso Associate Editor Seeking haven from the region’s soaring inflation and the falling U.S. dollar, Gulf States Saudi Arabia, Qatar and the United Arab Emirates are considering unifying under a single currency, but they may be ditching the euro as their model. “GCC countries might not follow the example of the euro,” the […]
Archives for February 2008
February 2008 - Page 4 of 15 - Money Morning - Only the News You Can Profit From
Huawei Breaks Silence on Busted 3Com Deal
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By Jason Simpkins Associate Editor Huawei Technologies Co. acknowledged for the first time yesterday (Monday) that a takeover of Marlborough, Massachusetts-based 3Com Corp. (COMS) would not likely proceed. “Due to the complexity of the acquisition process, the increase in acquisition costs, and the significant change in stock market conditions since last year, Bain Capital and […]
Boeing in the Hunt for $30 Billion Jet Fighter Deal With India
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By William Patalon III Executive Editor Money Morning/The Money Morning Report U.S. aerospace giant Boeing Co. (BA) said that it's "actively pursuing" the sale of the advanced F/A-18 Super Hornet attack aircraft to India, hoping to strengthen business relations with a country that's planning to spend $30 billion on defense wares over the next five […]
Money Morning's Three-Minute Review: How Last Week's Events Will Shape This Week's Action
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By William Patalon III Executive Editor Money Morning/The Money Map Report Sovereign wealth funds are here to stay. If you have any doubts at all, just watch as the deals keep coming. Qatar is the latest of the Middle East "Cash Barons" to jump into financial services fray. The state-run Qatar Investment Authority sovereign fund […]
Will the Year of the Rat Bring Fortune to Disney?
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By Jennifer Yousfi Managing Editor The Walt Disney Co. (DIS) has picked a favorable time to make its big push into Asia. The Lunar New Year on Feb. 7 marked the beginning of the Year of the Rat. And I think we know which "rat" Disney is hoping will win over millions of new Asian […]
Commodity Prices Soar to Record Highs as Markets Grapple with Instability
By Jason Simpkins Associate Editor The prices for oil, gold, and platinum all hit record highs last week, as investors strengthened hedge positions against weaker equity markets and inflation. "People want to get into commodities and damn the consequences. Given what is going on in other markets – equities are wobbly and some bonds are […]
China Allows Banks to Invest in Japanese Stocks
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From Staff Reports Commercial banks in China will be allowed to invest in Japanese stocks and funds, another sign that the government is loosening its historically tight investment policies. A statement on the China Banking Regulatory Commission's Web site said the policy shift is intended to further diversify risk by allowing investors to participate in […]
Midday Market Update: Stocks Extend Losses on Continued Recession Fears
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By Jennifer Yousfi Managing Editor Uncertainty over the future of the U.S. economy sent stocks lower again today (Friday), erasing slight early morning gains as a research note from a Sanford C. Bernstein & Co. analyst cautioned that the first quarter would see another big drop in profits for brokerage and mortgage firms. "The reason […]
More Recession Warning Signs Send Markets Lower
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By Jennifer Yousfi Managing Editor A drop in gasoline prices coupled with more troubling economic indicators sent stocks down yesterday (Thursday), erasing gains made in early morning trading. At the New York close, the three major U.S. stock indices were in the red. The blue-chip Dow Jones Industrial Average Index dropped 147.60 points (-1.19%), to trade […]
Global Investing Roundups
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Citigroup Sell-Off; LexisNexis to Absorb ChoicePoint; China Mobile is London Calling; Russia SWF Buys Fannie and Freddie; Etihad Airways to Buy 50 to 100 Aircraft; Google To Launch Video Advertising; Telefonica O2 Czech Republic Post 138% 4Q Profit; Dubai Investment Quadruples MGM Profit In an effort to focus on faster growing and less competitive markets […]
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