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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.
We had a tour de force from the original investment biker Jim Rogers this morning. So what about this market rally?
Millions of Chinese shivered through power cuts and water shortages on Wednesday and millions more were stranded by snow that has blanketed parts of central and southern China.
If you're wondering why we are experiencing some mid-morning weakness, it shouldn't come as a big surprise. First, the Dow has rallied almost 900 points in 3 days--time for a rest, already. Two, China has now become the new lead story of "Sunday night selloffs" so lightening up a bit into the weekend is not shocking anyone.
This has been a good week, with the stimulus package on its way, a 75 bp cut in rates from the Fed, and some hope that bond insurers may be getting some help from insurance regulators. S&P 500 up 2 percent.
The threats of terrorism and the reliance on the drug trade loom over Afghanistan daily, but as development of basic infrastructure progresses, Finance Minister Anwar ul-Haq Ahady says the government is hoping to lure investment in its natural resources.
China's economy grew 11.4% in 2007, the fastest pace in 13 years, but slowed in the final months of the year as global demand weakened and measures to curb inflation and bank lending started to bite.
China overtook the United States as Japan's biggest export destination in 2007 for the first time in modern history, a symbolic move that has softened the impact of a deepening U.S. slowdown on the Japanese economy.
The commodities boom may be one driver of inflation, but it been a powerful engine for emerging market economies and will very likely be a key component of the global growth equation in 2008. Government and corporate leaders from both developed and developing countries gathering in Davos Switzerland for the World Economic Forum’s annual meeting will be weighing in on that economic dynamic.
While a panel discusses the interdependence of world economies and a lesser reliance on the U.S. consumer to drive growth, the financial and investing gurus in the hall watch stocks tumble on the prospect of a U.S. recession.
This morning GM released its global sales for last year, and guess what, the company is still #1 in the world. But it is now in a virtual tie with Toyota for the top spot. Officially, GM sold 9.369 million vehicles worldwide.
While futures are at their lows, you would think that traders would have been in for hours, trading heavily. But volume is not that heavy; Chinese stocks down 10 percent-20 percent, and energy and material stocks are down 5 percent to 10 percent--but on light volume.