From Staff Reports Taiwan-based Asustek Computer, a leading PC maker, will launch its much-awaited cheap computer this month, a laptop computer designed for the developing economies. Developed in partnership with U.S. chip giant Intel Corp. (INTC), the laptop has a seven-inch screen that will come in two versions: One that will sell for about $199 […]
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Global Markets
The Philippines' 7.5% GNP Growth is No Fluke
By Mike Caggeso Staff Writer All the hot talk of China, India and even Vietnam’s soaring economies have overshadowed a country that has been making gains for the past decade — the Philippines. Fueled by a steady economy and a surging service sector, the archipelago country posted a 7.5% GNP growth for the second quarter, […]
German Bank SachsenLB, Buffeted in Subprime Crisis, to Be Taken Over by Larger State Bank
From Staff Reports Germany's Landesbank Baden-Wuerttemberg will take over SachsenLB, the smaller public-sector German bank that helped the subprime LBBW will pay $342 million as an initial measure, said Guenther Oettinger, the governor of Baden-Wuerttemberg. He said SachsenLB's owners would transfer their holdings to LBBW. SachsenLB will be part of the state-run bank in early […]
Hong Kong Metal Shares Surge
From Staff Reports Aluminum Corp. of China Ltd. (NYSE: ACH) and Jiangxi Copper Co. Ltd. (SHA: 600362) soared to records yesterday (Monday), bolstered by strong fundamentals for the copper market and expectations that the shares could be a favored selection when investors in China gain direct trading access to the Hong Kong Stock Exchange starting […]
The Three Secret Indicators That Will Pave the Way to Global Profits
By Keith Fitz-Gerald Contributing Editor The National Association of Business Economists, or NABE, says its newest study shows that credit risk has taken over for terrorism as the No. 1 business concern. Not surprisingly, trading tanked. What a stunner. How this stuff continually makes headline news is beyond me. It’s hardly insightful. What is enlightening, […]
Are Your Investments Third Class?
By Martin Hutchinson Director of Global Investing Research Brazil President Luis Inacio “Lula” da Silva announced this week that “Brazil is not afraid” of the subprime mortgage crisis. Indeed, he said, it’s purely a U.S. problem, caused by people trying to make a lot of “third-class money.” That’s a concept so beautiful, and so inviting […]
Fund Manager Favors BHP, Which is Striking it Big in India
From Staff Reports Anglo-Australian mining giant BHP Billiton Ltd. (NYSE:BHP), which on Wednesday reported a $13.42 billion fiscal 2007 profit, said today (Friday) that the nine big projects it is set to finish in India this year would all meet their targets for costs and timing. BHP’s net profit presented a 28.4% gain over its […]
China Moves to Enable Individuals to Buy Hong Kong Shares
From Staff Reports Beijing's decision to allow individual mainland investors to trade directly in Hong Kong-listed shares could funnel tens of billions of dollars into the Hong Kong market over the next year and could help fuel an ongoing bull market in stocks, experts say. Deutsche Bank AG (NYSE: DB) estimates the Monday policy shift, […]
Wm Wrigley Capitalizing on Innovation, Global Reach
From Staff Reports Brokerage Bear Stearns Cos. (NYSE: BSC) yesterday (Tuesday) upgraded gum-and-candy maker Wm Wrigley Jr. Co. (NYSE: WWY) to “peer perform” from “underperform,” citing Wrigley’s better-than-expected competitive response to a competitive threat from rival Cadbury Schweppes (NYSE: CSG), as well as ongoing momentum in the developing markets and continued success with new products. […]
China's Blazing Economy Demands Fourth Rate Hike in Five Months
By Jason SimpkinsStaff Writer Desperate to try and cool off an economy that’s grown at 10% or better for four straight years, China’s central bank raised interest rates yesterday (Tuesday) for the fourth time since March. China’s CSI 300 Index has climbed approximately 144% this year, after having already doubled in 2006. However, the nation’s rapid […]