China's Dalian Wanda group and Tencent said they would set up an $814 million e-commerce joint venture with Baidu as the firms compete with Alibaba.» Read More
It’s Beijing, and not Washington, that’s going to get us out of this worldwide recession, he says.
Stock market volumes rose Tuesday as investors cautiously moved some cahs from bonds to stocks in search of higher returns. But with the future still unclear, and fears of the early 2009 gains being short-lived, there is still a substantial amount of cash in investors' portfolios.
Despite the dollar's two-day rally against the euro and the yen, experts tell CNBC the greenback's positive run may be over shortly, as a fast recovery in the U.S. economy seems more unlikely.
Asian stocks hit a two-month high Monday on expectations of a global economic recovery taking place late 2009 as governments increase stimulus measures to aid ailing economies. As a result, investors are beginning to venture back into riskier assets. Experts tell CNBC to expect a rally late January/early February.
Stocks started the week on a positive note again Monday, on optimism for a worldwide economic recovery later this year. But with the future still unclear and economic reports continuing to show deteriorating conditions, experts tell CNBC to stay out of stocks for the first half of 2009.
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The last week of 2008 began in the green for commodities as oil and gold prices surged following a flare up in violence in the Middle East.
Industrial REIT ProLogis up 12 percent, said it was selling its China operations and a 20 percent interest in its Japan property funds to GIC real estate for $1.3 billion. They will use the proceeds to reduce debt. Like many REITs, ProLogis has been looking to reduced leverage, including buying back debt.
The first half of next year will be very bad for the world economy, but investors will find value in stock markets as some deeply discounted shares will stage a rebound, Marc Faber, editor and publisher Gloom, Boom and Doom Report, told CNBC.
And that means a chance at big returns for investors, Cramer says.
Global markets were down Friday, tracking Wall Street's overnight losses. The dollar continued to fall, on track for the biggest weekly decline since 1985, and oil remained near 4-1/2 year lows.
Global markets look set to remain volatile until year-end, as the dollar reverses several months of gains and hits a 2-1/2 month low against the euro, and as oil falls to the $40-a-barrel level despite OPEC's historic supply cut.
Global markets had mild gains Wednesday after the Federal Reserve cut rates to a range of zero and 0.25 percent, as many anticipated. Experts told CNBC that recent market volatility will continue for some time.
Remember oil prices fell 25% in the week after the Nov. 29 sideline meeting OPEC members held in Cairowhere they decided not to really do anything and the market had been waiting for some kind of announcement. That took prices from $56 to $40/barrel.
Investors were cautious on stocks but sold the dollar Tuesday ahead of the Federal Reserve's rate decision. Experts interviewed by CNBC see safe havens like gold and the greenback losing their appeal.
A Chinese-made electric car, backed by Warren Buffett, has been officially introduced to the retail market in that country. The plug-in was scheduled to be sold in the U.S. and Europe starting in 2010, but Reuters quotes BYD Chairman Wang Chuan Fu as telling reporters those plans have been delayed one year to 2011.
The Federal Reserve will again lower interest rates on Tuesday to fight the deepest recession the U.S. has known in years, and may also announce some "unconventional" measures.
The dollar dived to a 13-year low against the yen on Friday after the U.S. Senate failed to agree a bailout for U.S. automakers, raising the prospect Japanese authorities may intervene to stem the yen's rise.
Global markets were wobbly Thursday, hurt by uncertainty over a $14 billion rescue plan for U.S. automakers. In the midst of the increased market volatility, experts interviewed by CNBC advise investors to stay cautious and diversified to survive the bear market.
Murky signs: Markets had rallied Wednesday morning on the belief that an auto industry bailout was all but certain. But some GOP legislators are opposing the White House deal with congressional Democrats. A top analyst sees financials in critical condition until 2010, but a peer says he's been buying bank stocks and socking them away. And a CNBC guest said commodities are going to lead a 50% S&P rally.