All Posts Tagged With: "RTP"
Global Investing Roundups Wednesday, August 27th, 2008
Retailer’s Sales Slump But Not Its Stock; Stay-at-Home Diners Hurts Darden; Oil’s Dollar Jump on Weather and Political Unrest; FDIC’s Bad Bank List Bulges; HP Closes Deal with EDS; Citi Pays Restitution; GT Solar Swings to Profit; Rio Digs Record Results
How Coal Shortages in China Will Spark More Foreign Takeovers of U.S. Assets
The Lost Decade: How the U.S. Financial Crisis Resembles Japan’s Ten Years of Misery - And How to Play it for Profit
A “Lost Decade” doesn’t have to translate into lost profit opportunities.As the global financial crisis continues to escalate, the United States is increasingly facing the prospect of a long malaise that could easily eclipse Japan’s Lost Decade of the 1990s in both duration and depth.
Merrill Lynch: Emerging Market Infrastructure Spending Will Surge 80% in the Next 3 Years
Merrill Lynch & Co. Inc. (MER) has raised its annual infrastructure-spending estimate for emerging markets by 80%, as developing countries try to keep pace with fast-growing economies and large cash reserves, BusinessWeek reported.
Invest in the ‘Hottest’ Commodity Around
The latest iron ore price hike was 97%… and there is much more to come in the future.
Australia Delays Decision on Sinosteel Bid
Editor’s Note: Australia is well positioned to ride the commodity boom, says Dan Denning in The Daily Reckoning Australia. That is unless the government interferes too much…
The Return of ’70s Inflation or ’30s Deflation?
Editor’s Note: Bill Bonner wore a brown polyester shirt in the ’70s. The polyester shirt is gone, but ’70s-style inflation is back. So is ‘30-style deflation, says Bill. The Fed is doing it’s best to combat deflation by juicing up the markets with more easy money. But in doing so they’re pushing the price of commodities through the roof…
Rio Secures 97% Iron-Ore Price Increase… BHP Seeks More
Steelmakers throughout Asia cringed earlier this week when they heard the news that Aussie mining giant Rio Tinto PLC (ADR: RTP) had secured a 97% price increase for its iron-ore.
But getting Rio out of the way was only half the battle, because now steelmakers are forced to confront BHP Billiton Ltd. (ADR: BHP) and its chief executive, Marius Kloppers, who may not be so easily placated.
Chuck Butler Currency Round-Up
Aussie dollar pumping iron… Icelandic krona dumps… Brazilian real top of the class… China puts brakes on renminbi…
Merger to Make Chinese Steel Giant Even Bigger
Baosteel Group Corp., China’s largest steel producer, will pay $4.2 billion in cash for an 80% stake in a new Guangzhou-based steel mill that will merge two rivals, Shaoguan Iron & Steel Group and Guangzhou Iron & Steel Group.
China is already the world’s top steel consumer and producer, churning out one-third of the global supply. This newly formed company, Guangdong Iron & Steel Group Corp., will boost Baosteel’s capacity by 33% to 40 million tons.
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