Money Morning Investment Director Keith Fitz-Gerald is currently leading an investment trip through China, taking in that country's culture and scenery, as well as its investment opportunities. Here is Part III of a short series detailing his observations and discoveries. By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report MUTIANYU, CHINA – When you […]
Archives for May 2008
May 2008 - Page 12 of 14 - Money Morning - Only the News You Can Profit From
Making Sense of (and Profiting from) Gold's Dip Below $850
By Mike Caggeso Associate Editor The gold bugs must be scratching their heads. After all, it's just not supposed to work this way. They've watched as oil prices continued to set new records, understanding that global turmoil and rising demand from China means that "black gold" won't be getting cheaper anytime soon. They've stared as […]
Analysts Skeptical of Proposed Rice Cartel
By Jason Simpkins Associate Editor Five Asian rice producers, led by Thailand, are considering the establishment of a cartel –similar to the Organization of Petroleum Exporting Countries – to better control the supply and price of rice. However, many analysts are skeptical that such an initiative will ever gain traction. "Though we are the food […]
Better Than Expected Economic Reports Signal the Economy Could Be Ready for a Fed on Pause
By Jennifer YousfiManaging Editor The U.S. economy shed 20,000 in April, the Department of Labor announced in its monthly employment summary, bringing total unemployment up to 5% from 5.1% last month. "We are in a recession, this report doesn't change that," Ellen Zentner, an economist at Bank of Tokyo-Mitsubishi UFJ Ltd. in New York, told […]
Citing Rampant Inflation, JPMorgan Cuts Major Asian Indices' Forecasts by Double Digits
By Mike Caggeso Associate Editor Citing the global inflation epidemic as a key threat to growth, JPMorgan Chase & Co. (JPM) made double-digit cuts to its 2008 stock index forecasts for several major Asian economies. While JPMorgan is still projecting growth for the Asian indices in question, analysts believe the increasingly restrictive political environment will […]
Microsoft Withdraws Yahoo Bid
From Staff Reports Microsoft Corp. (MSFT) last Saturday yanked its $44.6 billion bid for struggling Internet-search pioneer Yahoo! Inc. (YHOO) after the two companies were unable to come to terms over the buyout price. In a statement, the software giant said it failed to win over Yahoo's board of directors – even after boosting its […]
Japan Makes Way for China Tourist Money
Money Morning/The Money Map Report From my vantage point on my recent visit to both China and Japan, the signs are clear. China is coming. And Japan knows it. Major department stores like Takashimaya Co. Ltd., Sogo Co. Ltd. and Mitsukoshi Ltd. are gearing up. In places like Tokyo, Osaka and Kyoto, they're seeing a […]
With Much Blood-Letting to Come, the U.S. Housing Finance System Needs Replacing
By Martin HutchinsonContributing Editor In much of the discussion about the collapse of the U.S. housing market, commentators have assumed that the massive run-up in property prices that preceded the subprime-mortgage meltdown were simply the result of a speculative frenzy that became a full-fledged market bubble. But that's not the case at all. You see, […]
The View From China: A World Case Study for Alternative Energy
Money Morning Investment Director Keith Fitz-Gerald is currently leading an investment trip through China, taking in that country's culture and scenery, as well as its investment opportunities. Here is Part II of a short series detailing his observations and discoveries. By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report XI'AN, CHINA – For years, […]
Global Investing Roundups
Exxon Mobil's Profit Geyser; General Motors Cleans Up Its Act; Home Depot Boards Up 15 Stores; New $60 Billion City in U.A.E. Planned; Wheat Hits Five-Month Low; Brit Firm's Silicone Valley Buy; Burger King's "Whopper" Quarter; PharmaNet Plunges on Canceled Contracts Exxon Mobil Corp. (XOM) said yesterday (Thursday) that record crude prices helped its first-quarter […]