Smithfield Foods, the pork giant, sold 4.9% of its stock to Cofco Ltd, the largest agricultural company in China.
China consumes more pork by itself than the rest of the entire world combined, so this is just one more example of China making sure it has access to the strategic assets it needs to [...]
From the monthly archives:
June 2008
I admire a lot of things about Warren Buffett, but I especially admire all the philanthropic work he does. One of the highest profile charitable things he regularly does is auction off a lunch with him.
In the past, I’ve seen people spend hundreds of thousands of dollars to lunch with Buffett
Last week, [...]
Central bankers all across Asia are raising interest rates, including the Reserve Bank of India increased its key rate to 8.5% last week.
The reason is simple — inflation is taking off. The most recent inflation numbers showed inflation rising at the fastest pace in 13 years to 11.4% in India.
A few late-breaking developments worth noting:
Shares of Home Depot just broke below their January spike low. If you’re a technically inclined type, you might remark that there doesn’t appear to be much in the way of support until the bear market low (around $20 way back in January 2003).
Meanwhile, Fortune Brands just warned about [...]
Apple better be worried because it looks like Garmin has built a better mobile phone mousetrap. The Nuvifone is a slim touch-screen GPS-enabled phone so slick that it could dominate the mobile phone market for years.
The Straits Times Index of Singapore has lost almost 15% of its value so far in 2008. That’s too much for an economy that is healthy, vibrant, and growing.
Man, I’ve been busy with my new oil report. I just had some time today to kick back and read some stories. Check out this first one …
Investment Bank Fortis Expects Complete Breakdown of the American Financial Markets Within Days or Weeks RUSSEL/AMSTERDAM (DFT) - Fortis expects a complete breakdown of the American [...]
China’s national pension fund, the National Social Security Fund (NSSF) , reported assets of 439.69 billion yuan at the end of 2007, up from 282.77 billion a year earlier.
In U.S. dollars, that converts to $64 billion!
You don’t have to open a brokerage account in China to invest in Chinese stocks.
Did you know that over 100 Chinese companies are listed on U.S. exchanges, like the NYSE and Nasdaq?
Did you know that 74 Chinese companies are listed on the London Stock Exchange? In fact, officials from the LSE expect [...]
After agreeing to disclose it nuclear weapons status, North Korea was removed from the ‘terrorist list’ by President Bush. Bush also removed economic sanctions against North Korea.
Don’t think that this mean North Korea is a good place to invest. First of all…you can’t. And even if you could, North Korea is not a [...]
