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CNBC Dismisses Talk of Outside Investor Stepping in at Troubled Bear Stearns

From Staff Reports Shares of Bear Stearns Cos. Inc. (BSC) fell 3% yesterday (Thursday) afternoon after a CNBC report downplayed any talks between the embattled investment bank and potential outside investors – one of whom is rumored to be Berkshire Hathaway Inc.'s (BRK.A, BRK.B) Warren Buffett. After the swing out of positive territory, the shares […]

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Pepsi 'Goes Red' in China

By Keith Fitz-Gerald Contributing Editor Sometimes it's better to invest in the hungry underdog than in the satisfied leader, and nowhere is that more clear than with Pepsi and Coke in China. In a story that received only passing coverage here in the U.S. market, Pepsi recently 'went red' in China – as in Coca-Cola […]

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Here's Why MGM is a High-Profit Play on China

By William Patalon III, MBA Managing Editor Money Morning & The Money Map Report When it comes to MGM Mirage (MGM), to borrow a phrase from an old rock-n-roll hit, "you ain't seen nothing yet." That seems to be the general consensus on Wall Street, where investors and analysts alike are salivating over the efforts […]

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China Covets Crude

By Jason Simpkins Staff Writer China's top oil producer, PetroChina Co. Ltd. (PTR), has raised its production estimate for the Jidong Nanpu oil field. The field is located in the Bonhai Bay area and is one of China's biggest discoveries in recent history. "We estimate that, eventually, we could have proven reserves of as much […]

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China Shenhua Plans an $8.9 Billion Shanghai IPO; PetroChina a $5 billion Shanghai IPO

  From Staff Reports China Shenhua Energy Co., China’s largest coal producer, plans to raise 66.6 billion Yuan ($8.9 billion), in the biggest share sale in China in 2007. The initial public offering will sell about 1.8 billion shares on the Shanghai market for 34.99 Yuan to 36.99 Yuan a piece, the company said in […]

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Mattel Releases Huge Mea Culpa in Chinese Toy Recall

By Jason Simpkins Staff Writer Mattel Inc. (MAT) issued an apology to China, Friday, taking the blame for recent product recalls which the toy company admits were design oriented. Mattel also said it recalled more lead-tainted toys than justified, according to an article by The Associated Press. Mattel's executive vice president for worldwide operations, Thomas […]

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Central Asian Nations Band Together to Build A Modern Day Silk Road

From Staff Reports Seven countries are working together to build a modern day ‘Silk Road’ that will run through Asia to the Middle East and Europe. The Financial Times reported that the parties involved are in the early stages of planning the $19 billion project. The plan is expected to receive formal endorsement in November. […]

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How to Profit From the Dubai-China Connection

By Keith Fitz-Gerald Contributing Editor It was only back in August that I penned a report that I titled, The China Connection: Why Dubai Is Really Interested In MGM. Within that little investment treatise, I suggested that the “real” story wasn’t Dubai’s investment in MGM – as most analysts thought. It was Dubai’s interest in […]

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China Sends Pork Packing, Escalating U.S. Trade Dispute

By Jason Simpkins Staff Writer Clearly agitated by controversy related to the safety of its exports, China is striking back. Early this week, Beijing rebuffed shipments of both Canadian and American meat products, citing safety concerns. Shipments of pork kidney from the United States and spare ribs from Canada were rejected, after Chinese authorities found […]

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Shares of Baidu – "China's Google" – Surge

From Staff Reports Shares of Chinese search engine Baidu (BIDU) hit a record high yesterday (Monday) after an RBC Capital Markets analyst increased his price target for the stock on expectations for a solid third quarter, according to The Associated Press. In a note to clients Monday, RBC analyst Jordan Rohan raised his price target […]

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China Raises Interest Rate for the Fifth Time This Year

By Jason Simpkins Staff Writer Hoping to tighten the belt on its rapidly bloating economy, the People's Bank of China on Friday raised interest rates for the fifth time this year. The interest rate on the one-year loan was raised 0.27% to 7.29%, effective Saturday. Rates paid on bank deposits were raised by a similar […]

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Dubai Plans to Boost Asia Investment by 150% Within Two Years

By Mike Caggeso Staff Writer Soud Ba’alawy, the executive chairman of Dubai World — an investment company backed by the state — said the firm would invest up to $2.5 billion in India and China over the next two years. The moves will strengthen Dubai World’s already-expanding international portfolio. But these investments are at a […]

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World Bank Suggests Investor-Friendly Changes to Stabilize Chinas Rocketing Economy

By Mike Caggeso Staff Writer A slew of cold-hard statistics came out of China yesterday (Wednesday), reinforcing the nation's need to manage growth, interest rates and inflation. The World Bank's quarterly report said China's GDP is expected to grow a staggering 11.3% in 2007 and around 11% in 2008.  Its CPI index (the bellwether for […]

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Alcoa Sells Chalco Stake for $2 Billion

From Staff Reports Alcoa Inc. (AA ), the biggest U.S.-based aluminum producer, has sold its nearly 7% stake in China's largest aluminum maker for $2 billion. The Pittsburgh-based Alcoa sold its interest in Aluminum Corporation of China Ltd., also known as Chalco (ACH ), for the equivalent of $2.23 a share, a 15% discount to […]

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Mattel Recalls Signal China's Arrival

By Keith Fitz-Gerald Contributing Editor On the heels of yet another Mattel Inc. (MAT) recall last week, many investors are wondering if shoddy manufacturing and poor quality control will be China’s undoing. I don’t think so. In fact, I’m sure of it. As a longtime China observer, I can tell you that that this is […]

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