Archives for May 2009

May 2009 - Page 3 of 11 - Money Morning - Only the News You Can Profit From

Chinese Express Interest in Opel, GM Bankruptcy Still "Not Certain"

By Don Miller Associate Editor Money Morning The competition to buy General Motors Corp.'s (NYSE: GM) Opel and Vauxhall units heated up Friday as the three primary suitors were reportedly joined by an unidentified Chinese automaker. Meanwhile, a bankruptcy filing is not certain in the GM restructuring case, and reports that the Obama administration will […]

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Gold Prices in Danger of Falling From Year's High Point

By Mike Caggeso Associate Editor Money Morning Gold prices are sitting near their highest point since March, and their fourth-highest price point ever, as a result of a global weariness of stimulus-induced inflation and a stock market pullback.  According to a recent report from the World Gold Council, gold demand rose 38%, or 1,016 tons, […]

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Investment News Briefs

With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world. BofA Fast Tracks TARP Payback; Brazil Unemployment Reverses in April; Taiwan GDP Falls 10.24%; Emirates Airline Posts 80% Profit Nosedive; Dollar Swoons Against Euro, Yen; GM and UAW Reach Tentative […]

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In Spite of a Grim Economic Outlook, Japan is a Promising Investment Play

By Martin Hutchinson Contributing Editor Money Morning The investment outlook for Japan is pretty grim right now. The world's No. 2 economy saw its gross domestic product (GDP) decline by 4% in the first quarter – the equivalent of 15.2% annualized decline, and the worst showing in more than 50 years. Even worse – for […]

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S&P Lowers U.K. Credit Outlook Putting Election in Flux

By Don MillerAssociate EditorMoney Morning The United Kingdom's mounting pile of government IOUs toppled it from the list of countries holding the highest-rated credit today (Thursday), which resulted in Standard & Poor's lowering its outlook on the United Kingdom's debt to "negative" from "stable." The downgrade has both financial and political ramifications.  It is sure […]

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As India Inflation Nears 30-Year Low, Policymakers are Priming Third Stimulus

By Mike Caggeso Associate Editor Money Morning India's annual inflation clocked in at a shockingly low 0.61% in the week ended May 9, and 0.48% the week prior, opening a window for policymakers to resuscitate the economy without worrying about consumer unrest. Inflation in India – a rampant problem for years – is hovering near […]

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