By Mike Caggeso Associate Editor The whirlwind of recent beverage buyouts may continue, as Foster's Group Ltd. (OTC: FBRWY) – Australia's biggest beer and wine maker – may be a takeover target after it conducts a review of its wine business. That assessment didn't come from the company, however, but rather Merrill Lynch & Co. […]
Archives for June 2008
June 2008 - Page 9 of 13 - Money Morning - Only the News You Can Profit From
Six Ways to Capitalize on Korea's Growing Global Muscle
By Martin HutchinsonContributing Editor With key countries in the world economy spiraling toward recession, and even India and China panicking about domestic inflation levels, there's one country in particular that still seems to offer good value in its equities markets, thanks to an economic outlook that combines decent growth and only modest inflation. That country […]
Global Investing Roundups
Gazprom Sees $250 Oil; Kenya Goes on $25 billion Spree; Vietnam Jacks Interest Rates to 14%; Oil Demand Slowing; U.S. Trade Gap Widens; Brazilian SWF; 3G iPhone Bobbles Apple Stock; XTO to Buy Hunt Petroleum Natural gas firm, Gazprom OAO (OTC: OGZPY) predicts oil would top $250 per barrel by the end of 2009, Chief […]
The Fed's "Strong Dollar Policy" Actually Isn't So Strong
By Peter D. SchiffGuest Columnist Ever since Robert Rubin began the tradition in the mid-1990s, it has been a significant element of the U.S. treasury secretary's job to continuously state that a strong dollar is in the national interest. It is widely regarded that such utterances, if repeated often enough, can constitute the sum total […]
Big Changes for LIBOR as BBA Tries to Restore Credibility in Key Lending Rate
By Jennifer Yousfi Managing Editor After months of increasing skepticism, the British Bankers Association yesterday (Tuesday) announced changes to its London Interbank Offer Rate (LIBOR). "These changes will further strengthen BBA Libor and the confidence of its many users," BBA Chief Executive Angela Knight said. The BBA proposed a number of measures meant to restore […]
U.S. Corn Crop Could Decrease by 10% Further Fueling the Great Ethanol Debate
By Jason SimpkinsAssociate Editor U.S. farmers will produce 10% less corn this year than they did a year ago, driving demand to a 13-year low and further enflaming global rhetoric aimed at diversion of the staple crop for use in biofuels. Corn production will fall to 11.735 bushels compared with last year's crop of 13.074 […]
Brazil Economy Expanded 5.8% in 1Q; Central Bank Likely to Raise Rates Again
By Mike Caggeso Associate Edtior Driven by heightened domestic spending, Brazil's red-hot economy posted its fastest first-quarter growth since 1995. The 5.8% economic expansion – the country's 18th consecutive quarterly gain – fuels the notion that its central bank will continue raising interest rates to dampen inflation and demand. "The figures show domestic demand is […]
Pain at the Pump: It's Time to Start Thinking About $7 a Gallon Gasoline
By Jason SimpkinsAssociate Editor U.S. consumers barely had time to get used to the idea of $4 a gallon gasoline before prognosticators started talking about $5 a gallon fuel. And unfortunately for the U.S. economy, the worst is yet to come. The average price of gasoline in the United States broke $4 a gallon for […]
How to Survive Stagflation – With a Profit in Your Pocket
<body By Martin HutchinsonContributing Editor Increasingly in recent weeks commentators have begun speculating about the dreaded "S-word"- stagflation- and whether or not such a protracted period featuring both high prices and high unemployment would blight the U.S. economy. The stagflation debate arose anew on Friday when a worse-than-expected employment report and a record single-day surge […]
Global Investing Roundups
Ethanol Hits the F1 Fast Track; Taiwan Sees Export Surge; BP Holds Back on Billion-Dollar Oil Cache; BE Fashions Fastener Deal; Airlines Fly Away From Small Towns; Pending Home Sales Unexpectedly Soar; New Energy's Focus on South America; Yahoo's Pleading Proxy Formula One racing, usually referred to as F1, may be shopping around for a […]