Wednesday, August 26, 2009
Tuesday, August 25, 2009
Monday, August 24, 2009
The company's net profit was 22.0 billion yuan ($3.22 billion) for April-June, based on Reuters' calculations.
The result was higher than the 16.1 billion yuan expected by five analysts surveyed by Reuters. It compares to a restated net profit of 1.62 billion yuan in April-June last year.
Wednesday, August 19, 2009
The country will need to deal with the side effects of enormous dosages of "monetary medicine" that continue to be administered, said Buffett, who runs insurance and investment company Berkshire Hathaway Inc.
Thursday, August 13, 2009
Increased imports by the South Asian country may sustain a 45% rally in global palm oil prices this year. The nation relies on overseas purchases to meet more than half its cooking oil needs, with palm oil accounting for 80% of the total.
“This means that 2010 may be tough for equity, for the most part of it,” he said.
Meanwhile, the majority of the economists The Wall Street Journal surveyed during the past few days said the recession that began in December 2007 is now over. Battling the downturn defined most of Mr. Bernanke's term, which began in early 2006 and expires in January, and economists say his handling of the crisis has earned him four more years as Fed chief.
Though the economists were overwhelmingly supportive of Mr. Bernanke, they don't think his tenure was without mistakes. A slow initial response to the credit squeeze and the decision to let Lehman Brothers fail were cited as the biggest errors.
Wednesday, August 12, 2009
In late February, Robert Prechter of Elliott Wave International said "cover your shorts," and predicted a sharp rally that would take the S&P into the 1000 to 1100 range.
With that prediction having come to pass, Prechter is now saying investors should "step aside" from long positions, and speculators should "start looking at the short side."
"The big question is whether the rally is over," Prechter says, suggesting "countertrend moves can be tricky" to predict. But the veteran market watcher is "quite sure the next wave down is going to be larger than what we've already experienced," and take major averages well below their March 2009 lows.
Yes, the late 2007-early 2009 market debacle was just a warm-up to what Prechter believes will be the bear market's main attraction. In this regard, he says the current cycle will echo past post-bubble periods such as America in the 1930s and England in the 1720s, after the bursting of the South Sea bubble.
The 2000 market peak market a "major trend change" for the market from a very long-term cycle perspective, and the downside is going to continue to be painful well into the next decade, Prechter says. "The extreme overvaluation, the manic buying and bubbles in the late 1990s [and] mid-2000s are for the history books - they're very large," he says. "The bear market is going to have balance that out with some sort of significant retrenchment."
Friday, August 7, 2009
Second-quarter net income of $1.82 billion, or $2.30 a share, compares with a net loss of $5.36 billion, or a split- adjusted $41.13, a year earlier, New York-based AIG said today in a regulatory filing. Operating income, which excludes some investment results, was $2.57 a share, beating the average estimate of five analysts surveyed by Bloomberg by $1.07.
RCECAP AT AN ISSUE PRICE OF RM0.5503 PER SHARE ("PRIVATE PLACEMENT")LISTING'S CIRCULAR NO. L/Q : 54098 OF 2009
Kindly be advised that the abovementioned Companys additional 71,097,134 new ordinary shares of RM0.10 each issued pursuant to the Private Placement will be granted listing and quotation with effect from 9.00 a.m., Monday, 10 August 2009.