By Jason SimpkinsAssociate Editor UBS AG (UBS) plans to separate its investment banking and wealth management units after reporting a fourth straight quarter of widening losses and mounting subprime-related write-downs. UBS announced yesterday (Tuesday) that it lost $329 million in the second quarter after taking another $5.1 billion hit in write-downs on subprime assets. That […]
Archives for August 2008
August 2008 - Page 8 of 12 - Money Morning - Only the News You Can Profit From
India's Reliability Provides a Razor Thin Edge Over China
By Martin Hutchinson Contributing Editor With sky-high growth potential, China and India are the two markets no investor can afford to miss out on. But that doesn’t mean they’re impervious to market turbulence, and in times of trouble, India is the more reliable investment. No doubt, both countries’ markets are suffering this year, with China’s […]
Pledge To Hedge: Travel Tips "They" Don't Want You To Know
[This is the fifth installment of an ongoing series.] By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report I don’t know about you, but I’m sick and tired of the airlines grumbling and whining. I’m also frustrated with the endless list of new surcharges the airlines have come up with. Especially when there’s plenty […]
Global Investing Roundups
Best Buy Goes Kiosk; Strike Averted at Verizon; Pilgrim’s Pride Shutdown; JDA Doubles Up; Japan’s Stimulus; Oil Hits New Three-Month Low; Waste Management Raises Bid; UPS in Talks with Competitor Electronics retailer Best Buy Co. Inc. (BBY) plans to install self-service kiosks in eight major U.S. airports, The Associated Press reported. The vending machines will […]
Eight Ways to Profit if OPEC Dumps the Dollar
Iranian President Mahmoud Ahmadinejad dropped a bombshell. And while it wasn't a nuclear one, it might as well have been. Read the full report here…
Boeing Could Withdraw From $35 Billion Contest with European Rival EADS
By Jennifer YousfiManaging Editor After months of legal and political wrangling to reopen bids for a $35 billion U.S. Air Force tanker contract, U.S. aerospace firm The Boeing Co. (BA) is considering entering a “no bid” plea versus the joint-venture bid of rivals Northrop Grumman Corp. (NOC) and Europe’s EADS NV (PINK: EADSY). “Company officials […]
Ten Ways to Invest in Gold... and Four That Make Sense
There are many ways to invest in gold. You can make 500% in gold stocks or 50% in gold bullion coins or bars. You can even make a 1000% in futures or options… or you can lose it all.
But one thing is for sure: gold is skyrocketing in value – a result of increasing demand from Asia, worldwide inflation and the tanking U.S. dollar. And that demand is causing gold’s price to soar.
China to Supplant U.S. as World’s Largest Manufacturer by Next Year
By Jason SimpkinsAssociate Editor China will overtake the United States as the world’s largest producer of manufactured goods by next year, according to forecasts by economics consultancy firm Global Insight Inc. done on behalf of the Financial Times. China will account for 17% of the world’s manufacturing value-added output next year, versus the United States’ […]
Gray Skies Are Going to Clear Up: Profiting From China's Green-Tech Movement
Money isn't the only thing flowing through China right now. Pollution has filled the streets, contaminated the rivers and clouded the skies. Read the full report here…
Three Ways to Profit from the Overlooked China-France Alliance
France and China are – let's face it – natural buddies.
France has traditionally looked for a political counterweight to the United States, and China is beginning to provide one. China wants to keep the European Union from aligning against it, and France is the EU's guiding spirit – even if it's no longer its largest economy.