By Jason Simpkins Associate Editor After boosting its benchmark interest rate by a quarter point on July 3, the European Central Bank (ECB) may be forced to reverse course and cut rates sooner than it planned, as slow growth is beginning to trump concerns about inflation. The ECB left its key rate unchanged at 4.25% […]
Archives for August 2008
August 2008 - Page 10 of 12 - Money Morning - Only the News You Can Profit From
EPA Rejects Ethanol Waiver
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By Jason SimpkinsAssociate Editor The Environmental Protection Agency has denied a request from several U.S. policymakers to temporarily waive ethanol requirements for gasoline in hopes of bringing down corn prices. A federal energy bill, the Renewable Fuel Standard (RFS), currently requires that 7.76% of gasoline products be blended with ethanol. That amounts to about 9 […]
Cisco Says "No Deal" for EMC; Shares Jump on Better-Than-Expected Financial Results
From Staff Reports Cisco Systems Inc. (CSCO), the world's biggest maker of networking gear and the focus of a recent "Buy, Sell or Hold" feature in Money Morning, is not in any deal talks with any big companies, and apparently won't be a bidder for data storage giant EMC Corp. (EMC), Cisco Chief Executive John […]
U.S. Political Strife Drives ADM Ethanol Business to Brazil
By Jason Simpkins Associate Editor Archer Daniels Midland Co. (ADM), the nation's largest ethanol producer, could begin shifting much of its biofuels operation to Brazil, as corn-based ethanol attracts continued political scrutiny in the United States. ADM profits from oilseed, corn processing, and agricultural services hit a record $3.4 billion for the 2008 fiscal year, […]
The Only Stock Market Chart Investors Need to See
By Keith Fitz-GeraldInvestment DirectorMoney Morning/The Money Map Report With all the negative news that's right now permeating the global financial markets – hammering stock prices – we wouldn't blame you one bit if you wanted to stick your head in the sand. But before you cash out and take that escape route, there's a stock […]
Ex-Fed Chief Greenspan Changes His Tune and Blasts the Housing Bubble He Helped Create
By Peter D. SchiffGuest Columnist The housing bubble was former U.S. Federal Reserve Chairman Alan Greenspan's doing – plain and simple. He gave birth to it, nurtured it, protected it, and guided it during every stage of its development. In fact, if there were a deck of playing cards featuring the key players in this […]
Global Investing Roundups
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Freddie Mac's Grim Quarter; Sprint Swings to 2Q Loss; Time Warner Could Dump AOL; Lonmin Rejects Xstrata Offer; Ambac Posts Record Net Profit; Playboy Stripped of Earnings; Oil Prices Continue Slide Freddie Mac (FRE) yesterday (Wednesday) posted a second-quarter loss that was more than three-times larger than Wall Street expected, The Associated Press reported. Freddie […]
The Three Signs That the Credit Crisis Has Yet to Hit Bottom
By Keith Fitz-GeraldInvestment DirectorMoney Morning/The Money Map Report "Have we seen the worst from the financial sector?" The question – a very good one – came from an audience member following my global investing presentation at the Agora Wealth Symposium in Vancouver, British Columbia. During my entire time there, the interest in the ongoing credit […]
Kuwait Triples Investment in Japan, Highlighting Sovereign Wealth Flight From U.S. Assets
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By Jason Simpkins Associate Editor The Kuwait Investment Authority (KIA), the oil-rich nation's sovereign wealth fund, is planning to triple its investment in Japan to $48 billion, highlighting a global investment shift away from U.S. assets. The Kuwait sovereign wealth fund already has $15 billion to $16 billion invested in Japan, but Kuna, the nation's […]
News Corp. Expands Presence in India with $100 Million Investment
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By Jason Simpkins Associate Editor News Corp. (NWS), the media giant owned by Rupert Murdoch, will strengthen its presence in India with the creation of six regional television channels. Murdoch has in the past warned that an advertising slowdown in the newspaper and television industries would have a decidedly negative impact on U.S. media businesses. […]
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