From Staff Reports A virulent swine virus is “sweeping” China’s pig population – causing pork prices to spike, and spawning fears of a pandemic that could race through this huge country’s pig farms, according to a report in the International Herald Tribune newspaper. This is a development investors should watch, for if it ends up […]
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Global Markets
The Second Quarter Votes are in: Global Gains Trump Domestic Pains
By William Patalon III And Mike Caggeso When Deere & Co. yesterday (Wednesday) reported a 23-jump in quarterly profits, the agricultural-equipment maker said that a 5% sales slump in its North American market was more than offset by a 30% revenue gain in the company’s overseas markets. The Moline, Ill.-based Deere (NYSE: DE) – known […]
Japan's Surprisingly Strong Economy Makes it a Great Global Play
Global investors should take heed: Japan's economy continues to be much stronger than it looks.
China scraps currency rules for companies
China on Monday scrapped a regulation that forced companies to convert a portion of their foreign currency holdings into the Chinese Yuan
Foreign Markets Thrive; U.S. Closes With A Thud
By Jason Simpkins Central banks continued funneling cash into the world’s wounded financial systems Monday, the latest in a series of liquidity infusions that began last week. The European Central Bank offered another $65 billion in emergency funds, while the Bank of Japan injected $5.1 billion. The Federal Reserve again came in on the low end […]
ABN AMRO Deal Points to Next Ways to Profit From China
As a global trader interested in aligning my money with the most powerful trends of the day, I’m constantly watching the headlines in search of the latest moneymaking opportunity. I am particularly interested in stories that emblazon the front pages of newspapers everywhere else around the world, but that barely even rate a mention here […]
Global Crisis Investing and a Grandmother's Advice
By Keith Fitz-Gerald Contributing Editor Whenever I’m faced with a market like this one – rocky and volatile, with hidden wildcards just waiting to trip us up – I can’t help but think about my late grandmother, successful amateur investor Virginia Gruner, and the warning she would issue in just these situations: “Hold onto your […]
AIG Gets OK to Buy Stake in Bulgarian Telecom Operator
From Staff Reports The European Commission (EC) has given AIG Global Investment Group the green light to acquire 65% of Bulgarian Telecommunications Co. (BTC), the Eastern European country’s largest landline telecommunications operator, for $1.47 billion. AIG Global Investment Group is the private-equity investment arm of American International Group Inc. (NYSE: AIG). The EC ruled that […]
ECB Bails Out Banks; Dow and Other Global Stock Indexes Plummet
By Jason Simpkins The credit mess that started as a slowdown in the U.S. housing industry, and then spread to the sub-prime mortgage market, morphed into a full-blown global credit crisis yesterday (Thursday), forcing the European Central Bank into action. Yesterday’s developments were no surprise to us, for we’ve been saying for months that the […]
Investing With Caution During a Global Financial Crisis
By Martin Hutchinson Chief Global Investing Strategist In the last week, a bank in Germany and another in France got themselves into deep trouble by speculating on the U.S. sub-prime mortgage market. And yesterday (Thursday), the European Central Bank was forced to inject no less than $130 billion into the world monetary system. Stock prices […]