From the category archives:
Taiwan-based ChipMOS, a company I visited it during my last trip to Taiwan, is a chip testing company. The last thing you want your new computer to do is not work when you take it out of the box. ChipMOS (IMOS: 0.73 +0.02 +2.82%) makes sure that doesn’t happen.
Business stinks though. Q4 sales dropped by [...]
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You can have capitalism without democracy. People tend to forget that about China.
According to Amnesty International, China lead the world in executions in 2008 with 2,390. That’s about seven people a day!
For perspective, Iran executed 376 people last year.
Don’t get into trouble in China.
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The Bank of China reported a 59% drop in its Q4 profits.
The Bank of China owns more U.S. subprime securities of any Asian institutions with $2.59 billion of toxic junk. How toxic? The Bank of China has aleady written off $2.25 billion of it.
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The Chairman of India’s top economic agency, the Planning Commission, described the corner that Bernanke has painted himself into pretty accurately.
“Fortunately, we have more room for further relaxation unlike some of the industrialized countries where the scope for monetary easing has been pretty much exhausted.”
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Former Singapore Prime Minister Lee Kuan Yew said that the optmistic outlook for an economic recovery will be at least 2-3 years but could take up to six years.
The optimistic case is based on a rapid rebound of the U.S. economy. My advice to Singapore is to not hold their breath for the U.S. [...]
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I believe one of the keys to making money in the U.S. stock market in the future is to invest in companies that get a big chunk of their sales from outside the slow-growth U.S.A.
Like Nike, who gets more than 50% of its sales from outside North America. And I thought only spoiled American brats [...]
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Think that the Dow Jones had a good week? The Chinese stock market did even better. The Shanghai Composite Index was up 7.2% last week.
Chinese basic metals and gold stocks were jumping like fleas.
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China Sunenergy (CSUN: 4.29 +0.07 +1.66%) reported a larger-than-expected quarterly loss today.
“China Sunergy has faced the same unprecedented and volatile environment as many of our peers across the solar sector, as a result of the ongoing global financial crisis.”
The global slowdown is a problem but not as much as $40 oil. I’ve repeatedly warned to [...]
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The Organization for Economic Co-operation and Development (OECD) is predicting that China will grow its economy by 6% to 7% in 2009.
That is one of the lowest forecasts I’ve seen but everybody other than the Chinese government itself keeps lower their growth forecasts. The OECD has previously for 8% to 9.2% growth back in November.
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If you’re an old fart like me, you’re probably not a giant sender/receiver of text messages on your cell phone. My kids send them like crazy.
The Chinese, however, send even more. In 2008, China Mobile (CHL: 49.47 -0.08 -0.16%) subscribers sent 607 BILLION text messages.
That is a mountain of text messages and a very lucrative [...]
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