TodaysFinancialNews.com LLC » International Investing

Tata Motors (TTM) makes its move — out of Singur

Stephanie Grimmett — Thu, 04 Sep 2008 17:05:23 +0000

"West Bengal, as a state, is a democracy the same way Sicily is. And unfortunately for us, one political party has decided the construction of Tata’s new car factory in Singur (a city of 20,000 people about 30 miles northwest of Kolkata) is the perfect opportunity to clean up the state’s corruption." — Stephanie [...]

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Post tags: bannerjee, congress party, imminent domain, India, kolkata, mamata, motors, nano, protest, sicily, singur, tata, trinamool, ttm, west bengal

The British government will destroy the pound sterling

Dominic Frisby — Wed, 03 Sep 2008 16:01:20 +0000

"We must thank Alistair Darling for giving us, with his wise words on Saturday, what has to be the easiest money-making opportunity of the year: to sell the pound as soon as the markets opened on Monday. Not since Northern Rock a year earlier has such an [...]

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Post tags: currency, Dominic Frisby, Moneyweek, northern rock, pound, property, Real Estate, sterling

Think London, Buy China: London Olympics get Beijing treatment

TFN-International — Fri, 29 Aug 2008 17:13:57 +0000

Maybe I’m a bit too cynical, but when London says it’s recruiting Chinese vendors to support the 2012 Olympic games (the next Summer Olympics is going to be in London, in case you missed that memo), I tend to think the reasoning behind the decision has more to do with the favorable exchange rate than [...]

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Post tags: 2012, Beijing, british, censorship, london, olympics, uk

Good Life China (GLCC) posts 26% gains in one hour

Stephanie Grimmett — Thu, 28 Aug 2008 16:45:10 +0000

"The company says its been framed. On the back of only good news (rising profits, new acquisitions, franchise expansion), its shares lost almost all of their value, which Good Life believes is because of a concerted effort to defame the stock online in discussion boards and other venues and then collect on shorted shares." [...]

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Post tags: Beijing, china, east india, glcc, good life, hebei, hudson bay, insurance industry, lien, otc, payday loans, pink sheets, selling short

Dollar rebounds on global economies’ weakness

TFN — Thu, 28 Aug 2008 01:11:18 +0000

The driving force behind the dollar’s comeback, after six years spent mostly in decline: the perception that, even though the U.S. economy is struggling, things are rapidly getting much worse in other countries. Currencies tend to reflect the strength of their home economies, so the buck now is gaining at its rivals’ expense. by Tom Petruno, [...]

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Post tags: dollar rebound, financial news

European Central Bank (ECB) could topple Spain’s financial sector

TFN-International — Tue, 26 Aug 2008 14:20:14 +0000

"There’s a bombshell being delivered here - the European Central Bank is about to stop bailing out eurozone commercial banks. And that could mean another big lender going ‘bust’." — David Stevenson Blogger’s note: Just like in the U.S. and UK, the European Union’s state bank has been extending easy credit to prevent "temporary" illiquidity in [...]

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Post tags: banks, bear stearns, credit, ecb, european central bank, eurozone, financial sector, institutions, spain, uk, us

Dollar rebound: The Chinese are BUYING

TFN — Tue, 26 Aug 2008 14:04:16 +0000

Dollar Bears are proclaiming the world’s rummage sale of U.S. dollars is gonna start any day now. But actually, the Chinese have started to aggressively BUY dollars. The China effect is a key ingredient in the dollar comeback. Beijing’s Politburo is clearly disturbed by the sudden downward turn in the economy as export markets freeze, [...]

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Post tags: China currency, dollar bears, financial news

Buy Vallourec (VK), Fresenius (FME) & Syngenta (SYNN) for the European recession

TFN-International — Mon, 25 Aug 2008 17:47:54 +0000

"With economic growth likely to slow, investors will take a greater interest in firms with clearly visible profitability, operating in strongly growing markets. Here are three examples." — Cedric de Fonclare Blogger’s note: Each week our friends over at MoneyWeek in London ask a professional investor where he or she is [...]

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Post tags: Cedric de Fonclare, cyclical, economic downturn, euro, eurozone, fme, fresenius, inflation, recession, syngenta, synn, vallourec, vk

What the Dollar Bears won’t tell you: Britain’s economy at a standstill

TFN-International — Mon, 25 Aug 2008 02:49:09 +0000

The Dollar Bears are still talking “de-coupling” and cashing out of the dollar… but the economic performance elsewhere ain’t nothing to brag about. by BBC Baltimore — (TFN): UK economic growth ground to a halt between April and June, according to the latest official figures. The Office for National Statistics said the economy stalled, showing no growth [...]

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Post tags: britain economic growth, dollar exchange rate, fincancial news

Buy these funds and ETFs to profit from the biotech merger boom

John Stepek — Fri, 22 Aug 2008 15:01:32 +0000

"There have been a mass of deals in the U.S., while on this side of the Atlantic, a number of attractive little biotech stocks have been approached or agreed to bids in the last couple of months." — John Stepek Blogger’s note: You probably heard about the $43 billion Roche (RHHBY:OTC) bid [...]

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Post tags: big pharma, biotech, dna, etf, fund, genentech, john Stepek, Moneyweek, pharmaceutical, rhhby, roche