Wine is for drinking! Not for companies to complain. Jim Cramer advises to stick with domestic winners.» Read More
This week, we delve into the world of natural resources and chart the Chinese company, Chalco. Mining giants BHP Billiton and Rio Tinto have dominated the headlines of late, with BHP aggressively pursuing a bid to acquire Rio.
Japanese and South Korean steel mills have agreed to pay Brazilian mining giant Vale 65 percent more for iron ore under term contracts this year, sources said on Monday, setting the stage for other Asian steel mills to conclude similar deals.
China's producer price inflation jumped to a three-year high in January as transport disruptions caused by severe winter weather pushed up the cost of food and coal.
A slew of weak economic news and stronger than expected inflation news is weighing on stocks ahead of the Presidents’ Day weekend. Consider: .
China's economy is likely to grow around 10 percent this year despite a global slowdown stemming from the U.S. subprime mortgage crisis, Dominique Strauss-Kahn, managing director of the International Monetary Fund, said on Friday.
Once again, the energy sector is leading the market--in fact the AmEx Oil Index is up six days in a row. What's going on? Oil commodity traders don't believe the International Energy Agency's claim that oil prices will drop in response to slower U.S. growth (which they said yesterday), and have been bidding up oil, which at $94.40 is at its highest level in a month.
The United States has won a preliminary ruling in a World Trade Organization case over Chinese tax policies that restrict imports of foreign auto parts, a U.S. trade official said on Wednesday.
Venezuela needs US refineries as much as we need the oil.The bulk of Venezuelan oil into Exxon's U.S. operations goes into its joint venture in Louisiana. Venezuela supplied about 78,000 bpd into the Chalmette refinery in Louisiana last year, according to energy analyst Andy Lipow in Houston.
The fast-food company's opening a restaurant a day there, and there's plenty more room to grow.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
China Investment Corporation (CIC), the Chinese sovereign wealth fund, is near a deal with private equity group JC Flowers to put about $4 billion into a new fund to invest in ailing financial institutions, the Financial Times reported.
BRIC is out. These new global investment hot spots are in.
Rio Tinto rejected a sweetened $147.4 billion takeover offer from miner BHP Billiton, saying the hostile bid undervalued the company.
Futures are up slightly after yesterday's 90 percent downside day. The problem with yesterday is that it clearly reinforced the notion that we are still in a downtrend; many now expect the January lows to be tested. The Dow is down nearly 500 points in the last two trading sessions.
Millions of Chinese began the biggest holiday of the year without power on Wednesday but tens of thousands of stranded passengers had found trains, buses and planes to get back home for family reunions.
There are competing theories about China’s performance in 2008. On the one hand, the ‘Olympics Put’ theory holds that China will ensure strength through the Beijing Olympics. But the ‘Year of the Rat’ theory predicts losses in a ‘highly competitive year.’
Bears are arguing that the ISM Services report--well below expectations--is the final nail in the rescission coffin. We now have several very weak data points in the last week: ISM Services, nonfarm payrolls, and new home sales. Only durable good orders recently have been above expectations.
Aluminum Corp of China will explain to Australian political leaders on Tuesday why it bought a 9 percent stake in Rio Tinto, in a move seen as an attempt to ease concerns may try to take over one of Australia's biggest companies.
The Chinese government is stepping up disaster relief after parts of the south and east were struck by their worst snows in half a century, though the weather is expected to become milder this week.
It's a small Chinese company that makes clean energy from garbage. Cramer thinks it could be the real deal.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
China's snow-stricken railways were creaking back into action on Friday, but with power cuts still crippling swathes of the country, President Hu Jintao visited a coal mine and urged workers to boost production.