Archives for December 2009

December 2009 - Page 10 of 10 - Money Morning - Only the News You Can Profit From

South Korea's Exports Rise, but Future Looks Murky

Year-over-year exports from South Korea rose for the first time in 13 months amid higher shipments to two of the world's largest economies. However, future sustainability of the export-based economy is made uncertain by questions surrounding the removal of global stimulus measures.

Overall shipments rose 18.8% to $34.3 billion in the first 20 days of November, Korea's Ministry of Knowledge Economy said yesterday (Tuesday). Roughly one-third of shipments were to the stimulus-backed economies of China and the United States, where exports increased by 52% and 6.1%, respectively.

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Profit From the Looming Spike in Crude Prices That the U.S. Oil Lobby Doesn't See Coming

[Editor's Note: Money Morning recently conducted an extensive Q&A with Dr. Kent Moors on the future of energy. Dr. Moors last wrote about a revolutionary new technology that takes low-value fuel and turns it into a high-hydrogen-content gas.]

John Felmy has been the chief economist of the American Petroleum Institute (API) for years. He's well respected. And I appreciate his experience. But the two of us disagree more often these days.

We most recently locked horns at Malone University in Canton, Ohio, last week, where we were debating the future of oil. (Actually, when the invitation was made, I was supposed to debate Sarah Palin. But she pulled out to go on the road and pitch a book she didn't write.)

Nonetheless, something disturbing emerged from the debate.

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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.

Reuters Poll Shows Manufacturing Decline; Treasury Pushing Banks to Stem Foreclosures; Sands Hong Kong IPO Flops; India GDP Growth Could Lead to Monetary Tightening; LatAm to Return to Growth in 2010; China Snaps Back at Currency Accusations

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Bargain Hunters Turn Out for Black Friday

More shoppers turned out for the Black Friday weekend this year, but they spent less per capita and favored lower-priced items, according to a survey by the National Retail Foundation. The survey showed that about 195 million consumers shopped stores and Web sites, up about 13% from the 172 million who ventured out last year. […]

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Dubai Debt Fiasco Could Weigh on U.S. Banks

A potential default by Dubai on debt payments could have a ripple effect on U.S. banks and the still-gloomy commercial real estate industry, some analysts say.

Citigroup Inc. (NYSE: C) has $1.9 billion invested in the nation's state-owned investment vehicle Dubai World, JPMorgan Chase & Co. (NYSE: JPM) said in a research note.

While not directly affecting Citi or other major U.S. banks, the indirect effects could be more crippling on a broader scale, Rochdale Securities analyst Dick Bove told CNNMoney.

"There could be huge indirect exposure," Bove said. "One has to assume that U.S. banks will be hurt."

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