All Posts Tagged With: "bloomberg"
Fed Signals Next Move Will be a Hike in Rates, But Timing Remains Uncertain
The next move from the U.S. Federal Reserve will be to increase the Federal Funds rate, although the timing of that hike remains to be decided.
“A number of participants worried about the possibility that core inflation might fail to…
27Aug2008 | Money Morning | 0 comments | ContinuedChina’s Economy Looks to Rebound After Lackluster Olympics
Despite a flood of investment leading up to the 2008 Olympic Games, economic conditions in China have been on the decline for the entire month of August, leading some analysts to warn of a post-Olympic slowdown. But the Chinese economy…
25Aug2008 | Money Morning | 0 comments | ContinuedGlobal Investing Roundups
GM Pins Hopes on Cruze; GameStop’s Worried Outlook; New Car-Parts Leader; U.K.’s Retail Sale Surprise; Oil Bounces Back; Is Lehman a Takeover Target?; Jobless Claims on Decline; BK Has Its Way
-General Motors Corp. (GM) announced yesterday (Thursday) it plans to invest…
22Aug2008 | Money Morning | 0 comments | ContinuedGlobal Investing Roundups
Target Misses the Mark; General Dynamics Broadens Horizons; Chavez Bounces Cemex; Manchester United Scores with Saudi Deal; Lacker Lobbies for Rate Hike; Carlyle Group Chair Steps Down; Hedge Fund Fraud Judgment; Quiznos Overseas Expansion
-Target Corp. (TGT) yesterday (Tuesday) reported a 7.6%…
20Aug2008 | Money Morning | 0 comments | ContinuedMultinational Corporations Step up the Search for the “Next China”
As far as foreign direct investment in Asia is concerned, China is still the undisputed leader, drawing approximately $42.78 billion in just the first five months of the year, an increase of 55% from the same period a year ago.
But…
20Jun2008 | Money Morning | 0 comments | ContinuedChina’s Export Machine Shifts Into High Gear, Even as U.S. Market Decelerates
China’s exports advanced at a 28% pace in May, despite growing economic turbulence in the United States and Europe, underscoring yet again that the Asian giant doesn’t need Western markets to flourish.
The strong export growth should also give China’s central…
12Jun2008 | Money Morning | 0 comments | ContinuedGlobal Investing Roundups
Gazprom Sees $250 Oil; Kenya Goes on $25 billion Spree; Vietnam Jacks Interest Rates to 14%; Oil Demand Slowing; U.S. Trade Gap Widens; Brazilian SWF; 3G iPhone Bobbles Apple Stock; XTO to Buy Hunt Petroleum
-Natural gas firm, Gazprom OAO (OTC:…
11Jun2008 | Money Morning | Comments Off | ContinuedLehman Brothers Raises Capital After $2.8 Billion Quarterly Loss
Lehman Brothers Holdings Inc. (LEH) was forced to raise fresh capital yesterday (Monday), evidence that the subprime-fueled credit crisis is still far from over.
“I am very disappointed in this quarter’s results,” Chairman and Chief Executive Officer Richard S. Fuld, Jr. said in…
10Jun2008 | Money Morning | 0 comments | ContinuedGlobal Investing Roundups
Gas Fuels Factory Orders; Borders Cuts Jobs to Cut Costs; Starbucks Serves Up Free Wi-Fi; Kenya Inflation Soars 32%; Chevron to Invest $5 Billion in Africa; Staples Raises Bid for Corporate Express; Lehman Looking for Cash Infusion; Oil Slides
–U.S. factory…
4Jun2008 | Money Morning | 0 comments | ContinuedApril Durable Goods Unexpectedly Improve, Shining Soft Light on U.S. Economy
Orders for durable goods, excluding transportation, rose 2.5% in April, an unexpected gain that underscores that a weak greenback and strong overseas demand for American-made goods are helping recharge the downtrodden U.S. economy.
Total orders last month shrunk by 0.5%…
29May2008 | Money Morning | 0 comments | ContinuedIndonesia to Withdraw from OPEC Due to High Oil Prices
Indonesia, the sole Asian member of the Organization of the Petroleum Exporting Countries (OPEC), will withdraw from the oil cartel at the end of this year.
Energy Minister Purnomo Yusgiantoro announced today (Wednesday) that he would sign a decree officially withdrawing…
29May2008 | Money Morning | 0 comments | ContinuedGlobal Investing Roundups
Bank of America Boosts China Bank Stake; Home Prices Continue to Fall; Record Profit and Resignation for Vodafone; Standard Pacific Stock Shoots Up; Landis&Gyr Lands 7 Million “Smart Meter” Contract; S. Africa Grows a Slow 2.1% in 1Q; Gold Futures…
28May2008 | Money Morning | 0 comments | ContinuedIn Major Shakeup, China’s Govt. Melds Six Largest Telecoms into Three
There are three new kings in China’s $100 billion-plus telecom kingdom: China Telecom Corp. Ltd. (ADR: CHA), China Network Communications Group Corp. Ltd. (ADR: CN) and China Mobile Ltd. (ADR: CHL).
Not surprisingly, all are state controlled.
But now that the first…
28May2008 | Money Morning | 0 comments | ContinuedHSBC Chief Calls for Tougher Inflation Fight, Industry Changes
The chief executive officer of HSBC Holdings PLC (ADR: HBC), Europe’s biggest lender, today (Tuesday) called on the U.S. Federal Reserve and other central banks to make fighting inflation a priority.
“Inflation is a long-term problem because there is no long-term…
27May2008 | Money Morning | 0 comments | ContinuedShares of Canada’s BCE Plunge After Investors Learn Proposed LBO is in Jeopardy
Shares of BCE Inc. (BCE) suffered their biggest downdraft in at least a quarter century yesterday (Thursday), after an unexpected court ruling threatened to derail a $53.9 billion leveraged buyout (LBO).
A collapse would make it the biggest LBO ever to…
23May2008 | Money Morning | 0 comments | ContinuedDueling Views on Housing: Jim Rogers Sees More Pain to Come While Warren Buffett’s Housing Expert Sees Rebound Under Way
When asked about their outlook for the crisis-ridden U.S. housing and financial-services markets, two U.S. financial experts provided outlooks that completely contradicted one another - once again underscoring how tough it is for investors to predict when the U.S. economy…
12May2008 | Money Morning | 0 comments | ContinuedDon’t Fear “The Ides Of March”… Just Follow These Simple Anti-Recession Tips
Smart Profits Report - “Beware the Ides of March.”
So said a wise soothsayer to Julius Caesar in the famous Shakespeare play, warning him of impending doom. Caesar scoffed at him - and of course lived to regret it when he paid…
8May2008 | Smart Profits Report | 0 comments | ContinuedWith a Rate Decision, GDP Report Due Today, the Fed Walks the High Wire Again
If U.S. Federal Reserve policymakers make the expected quarter-point rate cut at the end of their meeting today (Wednesday), the impact will be felt well beyond U.S. borders.
Indeed, the interest-rate reduction could set in motion a series of diverse global…
30Apr2008 | Money Morning | 0 comments | Continued-
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