By Jason Simpkins Managing Editor Money Morning The U.S. Federal Reserve today (Tuesday) delivered the results of its bank stress tests to the 19 participating financial institutions. The government will tell 10 of the banks to raise more capital, according to media reports. The results of the tests won't be released until Thursday, but Bank […]
Archives for May 2009
May 2009 - Page 10 of 11 - Money Morning - Only the News You Can Profit From
Three Ways to Profit As Taiwan Rebounds From the Financial Crisis
By Martin HutchinsonContributing EditorMoney Morning As you scour the globe for potential post-financial-crisis profit plays, don't overlook Taiwan. Stock markets around the world have already started to rebound with joy as investors begin to believe that that the unpleasant global recession is finally nearing its bottom. Unfortunately, there's one sobering conclusion many investors have so […]
China/Taiwan Investment Accords Will Lead to Profit Plays for Investors
[Editor's Note: Money Morning Investment Director Keith Fitz-Gerald is one of the world's leading experts on Asia, especially China. Right now, Fitz-Gerald is leading an investment tour of the Red Dragon, and he'll be sending along regular investment travelogues to update Money Morning readers on his latest observations. Fitz-Gerald previously wrote about how China is […]
Investment News Briefs
Housing and Construction Stats Improve; Mobius: Emerging Markets Close to Bull Market; Sprint Beats Expectations; Bovespa Hits Seven-Month High; Buffett Says Wall Street Sold "Sewage"; Liberty Spins Off DirecTV; Airlines Low on Cash; Mexico Lifts Work Ban on Flu Scare With our investment news briefs, Money Morning provides investors with a quick overview of the […]
Obama Wants New Law to Tax Overseas Profits and Nail Tax Dodgers
By Don MillerAssociate EditorMoney Morning U.S. President Barack Obama today (Monday) announced a proposal for new legislation to pursue American tax evaders by closing loopholes and clamping down on overseas tax breaks for American businesses and individuals. Under provisions of the plan, companies would no longer be able to write off domestic expenses for generating […]
Three Gorges Dam Project Demonstrates China’s Domestic Growth Ambitions
[Editor's Note: Money Morning Investment Director Keith Fitz-Gerald is one of the world's leading experts on Asia, especially China. Right now, Fitz-Gerald is leading an investment tour of the Red Dragon, and he'll be sending along regular investment travelogues to update Money Morningreaders on his latest observations. Fitz-Gerald previously wrote about how China is capitalizing […]
Chrysler Planning Quick Bankruptcy Exit by May 22
By Mike Caggeso Associate Editor Money Morning Chrysler LLC has asked court approval for a May 22 exit from bankruptcy, outlining Fiat SpA's (OTC ADR: FIATY) plan to scoop Chrysler assets and urging that a quick bankruptcy is vital to keep suppliers, dealers and consumers' trust in the brand. According to its filing in New […]
Manufacturing Expands in China and India as the Global Economy Inches Toward a Recovery
By Jason Simpkins Managing Editor Money Morning Manufacturing in China and India expanded last month, according to multiple factory indices that showed the two powerhouses of production are benefiting from government stimulus measures and a tentative rise in economic activity around the world. In India, the ABN AMRO Bank purchasing managers' index (PMI) rose to […]
SEC Studies Restoring Uptick Rule That Could Have Mitigated Bear Market in U.S. Stocks
At a roundtable discussion tomorrow (Tuesday), the U.S. Securities and Exchange Commission (SEC) will talk about restoring a rule that some believe could have mitigated the bear market in U.S stocks. Tomorrow’s meeting, which will focus largely on short-selling, follows recent internal discussions in which SEC officials have talked about restoring the so-called “uptick rule,” […]
Motivations Abound for Federal Reserve's Delayed Release of Bank Stress Test Results
By Mike Caggeso Associate Editor Money Morning The results of the bank stress tests are in, but instead of releasing them today (Monday), the U.S. Federal Reserve is holding them close to its chest until after the markets close Thursday. The amount of information awaiting disclosure seems to have grown, as have the reasons to […]