By Mike Caggeso Associate Editor India's poor domestic infrastructure, high population and threatening levels of unemployment will slow the country's real gross domestic product [GDP] growth, Moody's Economy.com said in a report. It forecasted India's real GDP to slow to 8.0% in 2008, down from the 8.8% it posted in 2007, Thomson Financial reported. Other […]
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A Dozen Ways to Beat the Dow: Twelve Ways to Profit No Matter Which Way the Market Swings
By William Patalon III Executive Editor Money Morning/The Money Map Report Manic trading sessions like the one Wednesday – the Dow Jones Industrial Average endured a wild 625-point swing on its way to a 299-point gain – can be very tough on an investor's psyche. You don't know which way the market will move next. […]
Global Investing Roundups
China Economy Swells at 13-Year High; Wii Sales Trigger Nintendo Target Raise; Nokia Pockets 67% Profits in 2007; Average Interest Rates Lowest Since 2004; Morgan Stanley Slashes 1,000 Jobs ; Gold Breaks $910, Platinum Breaks Record; Tata Motors Eyes U.S. Market; Lehman Bros. to Cut 140 Traders China's economy grew at an 11.2% clip in […]
Global Investing Roundup
Starbucks Dips to $1 Coffee; Toyota May Etch GM in 2007 Sales; L'Oreal Smells a Sweet Deal; Record Oil Fuels ConocoPhillips Earnings; Carrefour Rings Up a Strong 4Q; Red Hot Egypt Economy to Grow; China Allows Banks to Invest in Singapore; eBay CEO Ends 10-Year Reign Faced with increasing competition from McDonald's Corp. (MCD) and […]
Four Ways to Profit as You Keep the Bear at Bay
By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report We didn't get the 500-point drop in the Dow Jones Industrial Average that we appeared headed for yesterday, but that doesn't mean we're out of the woods. The U.S. Federal Reserve is of the opinion that an emergency-rate cut of three quarters of a percentage […]
Global Investing Roundup
Vale Digs Xstrata; Vodaphone Expands In India; Ping An Bolsters War Chest; Israel Goes Green; Halliburton Inks a Deal with PeMex; U.K. Bails Out Northern Rock; Nautilus Opens Up a Credit Line Vale (RIO), the world's largest producer of iron ore, said it has held talks to buy mining rival Xstrata PLC for a proposed […]
Inflation - Not a Speculative Bubble - is the Force Behind Soaring Gold Prices
By Peter D. Schiff Guest Columnist Holding onto its "all-is-well" bias like a terrified cowboy on an enraged bull, Wall Street has managed to convince itself – and much of the world – that inflation is a non-issue. When confronted with facts to the contrary, Wall Streeters' rationalizations come thick and fast. And nowhere is […]
Air France-KLM Pins Hopes on Northwest Merger
By Jennifer Yousfi Managing Editor Air France-KLM (AKH) is taking a unique interest in Delta Air Lines, Inc.'s (DAL) merger talks with Northwest Airlines Corp. (NWA) and UAL Corp.'s (UAUA) United Airlines. Air France-KLM, itself a product of a major airline merger, is one of Delta's primary European partners under the SkyTeam Airline Alliance. Northwest […]
Global Investing Roundup
Trouble's Brewing for SABMiller; Merrill Lynch Posts Biggest Loss in 94 Years; Generic Drugs Wound Novartis Profits; Reliance Reaps Refining Profit SABMiller Plc (PINK:SBMRF), the world's third-largest brewer, reported slowed sales growth in the third quarter, the Associated Press reported yesterday (Thursday). Excluding revenue from acquisitions, beer sales grew just 4.1% for the three months […]
Outlook 2008: BioTech Offers Investment Longevity
Editor’s Note: This is the 16th Installment of an Ongoing Series Highlighting the Global Investing Outlook for 2008. By Jason Simpkins Associate Editor In 2007, biotech stocks doubled the return of the Standard & Poor’s 500 Index, storming back from a sub-par 2006. And last year’s industry-wide restructuring – fueled by a slew of mergers […]