By Mike Caggeso Associate Editor Citigroup Inc. (C) will receive a $7.5 billion cash infusion from the Abu Dhabi Investment Authority, an investment arm of Abu Dhabi's government. The investment will enable the largest U.S. bank to keep paying its $2.16 a share dividend – a promise made by Chairman Robert Rubin – but at […]
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With one-third of the world’s land… two-thirds of its people… and skyrocketing markets like China, there’s little doubt that Asia is poised for a long financial boom.
In fact, the World Bank recently reported that Asia will soon account for 55% of the worldwide economy – double its current share. That would make it twice the global economic force that the U.S. is today. It’s a sobering thought. And yet it’s also an opportunity – perhaps the best one we’re likely see […]
The Iron Giant That Could Challenge the Chinese Mega-Market
By Jason Simpkins Associate Editor With its landmark bid for fellow mining giant Rio Tinto PLC (RTP), BHP Billiton Ltd. (BHP) has made it clear it won't sit still and watch the surging global commodities boom from the sideline. Instead, the Australia-based BHP intends to transform itself into a mega-giant that can stand toe-to-toe with […]
Black Friday Has Retailers Dreaming of a Green Christmas
By William Patalon III Managing Editor Money Morning/The Money Map Report We warned you not to believe the gloom-and-doomers. Retailers opened their doors early [a Kohl's store near my home north of Baltimore opened its doors at 4 a.m.; another chain hosted a "Midnight Madness" sale], promoted their top toys and electronic gadgets, and discounted […]
Global Growth Fuels Japanese Exports Despite a U.S. Pullback
By Jason Simpkins Associate Editor Japan's yen-denominated trade surplus grew a whopping 66.1% in the month of October, the third-straight monthly increase and a jump that helped continue to fuel economic growth in that country's domestic market, that nation's Finance Ministry said last week. However, Japan's progress could be jeopardized if conditions in the U.S. […]
Dubai Ports World's Record IPO
From Staff Reports Dubai's ambitions to become the leading financial hub of the Middle East got yet another lift last week when the initial public offering of Dubai Ports World raised nearly $5 billion, making it the biggest IPO ever in the region. Strong demand for the port operator's shares – priced at the top […]
Eight "Juniors" to Play for Major Profits in the Gold and Silver Sectors
Definitions may change, and governments may fiddle the figures, but inflation goes up regardless. A special report from Dominic Frisby and our U.K. affiliate MoneyWeek says it's time to buy commodities. Money Morning contributed to this report. Unless your name is Rip Van Winkle, or you work in a drab, windowless office in Washington and […]
Born to Shop: Holiday Retail Season Could Be Better Than Experts Think
The day after Thanksgiving, known in retail circles as "Black Friday," marks the unofficial kickoff of the holiday shopping season. The label is supposed to represent the exact day [or close to it] that retailers move "into the black" – become profitable – for the year. It is also the time that investors, analysts, and […]
The Week That Was: Who's the Next Victim of the Subprime Serial Killer?
By William Patalon III Managing Editor Money Morning/The Money Map Report These days, when I look at the news coming out of the financial-services sector, it reminds me an awful lot of the police-news blotter from my days as a fledgling reporter at The Record, the Havre de Grace, Md., weekly newspaper where I started […]
Ethanol's a Farce and We're Our Own Worst Enemy When It Comes To Energy Alternatives
By Keith Fitz-Gerald Contributing Editor For months we've heard nothing but great things about ethanol. And true to form, the experts here at Money Morning have ignored most of the resultant investor buzz. The truth is that ethanol's a farce and we're our own worst enemy when it comes to refining the technology anyway – […]