The South Korean stock market was trading sharply higher Tuesday, extending its gains for the second straight trading session. Steep gains prompted the stock exchange operator Korea Exchange to suspend program trading temporarily for a second straight day to cool the market just after it opened.
In the currency market, the South Korean won rose 5.4% [...]
Political Economy dominated the financial markets last week. The failed first attempt for Congress to pass the Financial Bailout package on Monday sent the Dow Jones Average down 778 points, a loss of 7%. The S&P 500 and tech-dominated NASDAQ fared even worse, each dropping 9% on Monday. Gold shot up from a $739 low [...]
Gold and silver rallied Monday as the crisis on Wall Street worsened with gold up $21.70 to $782 and silver up 28 cents to $11.02. Gold fell slightly in Asian trading but has risen in early European trading to $780/oz.
Gold’s resilience is impressive considering the bloodbath seen in the oil pits where oil has fallen [...]
The recent pull down in the US major financial institutions has spurred investment in gold as a safer option. The gold price increased by over 2.3 percent or $17.40 to $780.85. Investment in silver also increased over anxiety of the US financial markets stabilising.
The crisis in US financial markets were fired up as Lehman Brothers, [...]
Toronto law firm Amsterdam & Peroff ) warns that Canadian corporations, like Magna International or Petro-Canada, that do business in Russia or with Russian entities are endangering their shareholders by so doing.
He argued, as I have, in favour of a ban preventing Russians from owning Canadian entities or assets until Moscow demonstrates that foreigners are [...]
The first step is to assess your investment needs: Are you investing simply to stay ahead of inflation? How much risk can you tolerate? Are you investing for your future retirement?
You should be dividing your savings into three pools: The first is cash that you may suddenly need, covering living expenses for three to six [...]
CHICAGO (Reuters) – Many investors snapped up options on Monday in several commodity-related stocks and exchange-traded funds to insure their portfolios from another wave of selling as oil prices slid to a three-month low. U.S. light crude fell $3.69 at $121.41 a barrel on the New York Mercantile Exchange, after falling to $119.50, the lowest [...]
SunPower (SPWR) is on a roll. Revenues for Q2-2008 were $383 Million – up 120% yoy. Guidance for 2009 was excellent, I think that SPWR’s management is excellent, and their products are the best in the industry. Until someone comes up with a cheap multi-junction solar cell, SPWR will be the top dog for cell [...]
Warnings about real estate bubbles rarely seem to be out of the news as economists fret about consumers spending more than they are saving and governments grapple with inflation.
Fierce competition amongst banks and mortgage lenders in the US, Spain, Ireland and other parts of Europe led to consumers being offered mortgages under the most ridiculous [...]
In time, history will provide a fulsome overview of the twin housing and debt crises, perhaps the most challenging debacle since the Great Depression. At this early stage, however, Westwood tallies a “top 10” list of underlying causes and considers what can be done to reverse the situation.
Cheap mortgage loans offered on lax lending terms [...]