Archive for the 'India' Category
Rio Tinto (RTP) says it will charge spot price for some contracted iron ore
In a move that many customers may view as controversial, miner Rio Tinto announced Thursday that it intends to charge steelmakers market prices [subscription required] for some critical raw materials, despite the existence of long-term contracts, The Wall Street Journal reported.
Rio Tinto (N…
Fearing $150 oil, India wants Exxon, others to prospect in country
India announced Tuesday that it wants oil sector giants ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX), among others, to tender and explore for oil and gas in the country, on concerns that oil may hit $150 per barrel, Bloomberg News reported.
India, Asia’s third-largest oil consumer, does not…
Oil again breaks through $100 after low inventories report
Oil again traded by $100 Thursday, crossing the psychological barrier for the moment consecutive day, boosted higher by cold weather in the Eastern U.S. and a below-consensus oil stock report.
Moreover, a prolonged cold snap in the northeast combined with one more not good news item from any …
With oil, it’s cyclical theory vs. emerging market demand
It’s rarely easy to offer a contrarian point of view, particularly when a vital commodity is in such high demand as oil is nowadays, but author John Cassidy attempts to do so in the January 2008 issue of Portfolio magazine, “The Coming Oil Crash.”
In it Cassidy walks us through classic cyclic…
Bhutto assassination brings new interest to protection companies
Today’s news that Pakistani opposition leader Benazir Bhutto was killed in a terrorist attack has reminded everybody, including the Democratic Party, just how dangerous a world we habitable in. We are once again reminded that there is a very large movement of individuals bent on the destruction …
Looking for a way to play China? Check out Potash
While investors still starvation to capitalize on the double-digit growth in China, as well as strong growth in emerging markets like India, Russia, and other Eastern European countries, many have turned somewhat gun-shy when it comes to investing directly in those countries firms. With many spe…
Best Stocks for 2008: Income expert votes for Templeton Emerging (EMF)
For 25 years, Steven Halpern, editor of TheStockAdvisors.com, has surveyed the main financial newsletter advisors asking for their favorite stocks for the coming year. that essay is one of 100+ ideas in the Best Stocks for 2008 report.
“My favorite conservative concept for 2008 is Templeton E…
Taj Mahal’s dollar refusal symbolic of greenback’s rough 2007
What universal transaction perhaps best symbolizes the U.S. dollar’s rough year of 2007?
Giddy British tourists with more money to spend in New York than, seemingly, Donald Trump?
How about an universal attraction that won’t take dollars? In November 2007, India’s Taj Mahal, one of the sev…
Credit industry woes: One man’s perspective
You’ve been hearing and reading all the naughty news about the credit industry and all the nasty things that its difficulties might mean to you, but is anyone considering the positive outcome that that major reset of the American economy could mean in the towering run? Being that I’m a cynical o…
Is there a true risk from sovereign petrodollar funds and the central Asian banks?
What does the coming year hold for the economy? BloggingStocks’ Peter Cohan considers five issues that will factor heavily in 2008.
Sovereign Wealth Funds (SWFs) are estimated to be amoung $2 trillion and $15 trillion. That’s a wide range, but even at the low end, it’s a lot of money. The SWF…
U.S. Q3 current detail deficit declines — better, but still not good
The U.S.’s current history deficit decreased to $178.5 billion in Q3 2007, down from a revised $188.9 billion in Q2 2007, the U.S. Commerce station announced Monday, as exports of capital goods and motor vehicles increased.
Economists had expected [subscription required] a Q3 2007 history def…
Money Winners of 2007: Mukesh Ambani — home sweet home
Mukesh Ambani is the chairman, managing director, and largest shareholder of Reliance Industries, India’s largest private sector enterprise. With its wide-ranging operations, Reliance Industries has been called India’s General Electric (NYSE: GE), and Ambani’s personal stake in Reliance Industri…
Wal-Mart says 2007 China sales are three times higher than rivals
With negative pressure mounting on the U.S. sales results of Wal-Mart (NYSE: WMT) in 2007, the company has been shifting focus on more potentially profitable and more lucrative markets including China and India after failing in Germany and South Korea, the world’s largest retailer exited those m…
Is the price of oil ‘artificially’ high?
Discussion in financial and public policy circles appears to building regarding increased monitoring of energy markets, as well as, at minimum, inquiries into whether oil prices have been manipulated.
One group, closetheenronloophole.com - - a coalition of oil dealers (the humans who deliver …
