Archives for May 2009

May 2009 - Page 4 of 11 - Money Morning - Only the News You Can Profit From

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. Crude Rises Above $62/Barrel; Opel Courtship Down to Three; Unibanco CEO: 4% Second-Half GDP for Brazil; Target and BJ's Beat Expectations; Obama To Sign Credit Card "Bill of Rights"; California […]

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Japan GDP Falls to Record Low but May Have Bottomed 

By Don Miller Associate Editor Money Morning Japan's Cabinet Office said today (Wednesday) that economic output fell to its worst levels ever, tumbling an annualized 15.2% in the first quarter, as the worst recession in 60 years hammered exports and consumer demand. Despite the disturbing news from Japan – the world's second largest economy – […]

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Treasury Selling as Much as $1 Trillion in Bank Assets With Fed and FDIC

By Mike Caggeso Associate Editor Money Morning The U.S. Treasury Department's is pressing the go button on its Public-Private Investment Program and re-expanding the $1 trillion Term Asset-Backed Securities Loan Facility (TALF).  Treasury Secretary Timothy Geithner said to the Senate Banking Committee that he expects the programs to start by early July, Bloomberg reported. "Working […]

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Looking For the Next Global Profit Play? Take a Look at These Emerging Market ETFs

By Mike Caggeso Associate Editor Money Morning Like most investors, Harvard University's billion-dollar endowment fund took a beating during the global financial crisis. Many investors cashed out, opting for the safety of the sidelines. But Harvard called a new play. During the first quarter, Harvard engineered a dramatic shift in its endowment-fund investment strategy – […]

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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. Agricultural Bank of China Raises $7.3 Billion; Banks Applying to Repay TARP; Fiat CEO Confident About Opel Bid; World Bank Prez Sees Year-End Recovery; Derivatives Shrink to $592 Trillion; GE […]

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With India, Long-Term Profit Potential Trumps Near-Term Concerns

By Martin Hutchinson Contributing Editor Money Morning India remains a great long-term profit play. But global investors should beware of the near-term exuberance that followed that nation's weekend elections. The Indian market zoomed 17% on Monday on the news that the Congress Party had been re-elected with an increased majority. It's certainly true that some […]

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Consumer “Bill of Rights” Credit Card Bill Clears Senate

By Don MillerAssociate EditorMoney Morning A consumer "bill of rights" designed to stop credit card companies from imposing onerous interest rate hikes and hidden fees passed a procedural vote in the Senate yesterday (Tuesday), a move that will send it to a joint committee to reconcile differences with the bill that previously passed the House […]

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WSJ: Losses at Small and Midsized Banks Could Exceed $200 Billion in 2010

By Jason SimpkinsManaging EditorMoney Morning More than 900 small and mid-sized banks could face an aggregate $200 billion in losses by the end of next year if economic conditions worsen, according a study conducted by The Wall Street Journal. Using the same worst-case scenario the U.S. Federal Reserve employed in its recent stress test of […]

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U.S. Housing Starts and Permits Revisit Record Lows in April

By Mike Caggeso Associate Editor Money Morning U.S. housing starts and permits unexpectedly plummeted to record lows in April, torpedoing hopes of a housing market recovery as well as hopes the overall economy is regaining traction. Starts for privately owned homes clocked in at a 458,000 annual rate, a 12.8% decline from March's revised rate […]

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