Most expect Korea to bump rates up and to start its exit program to get in front of any potential inflation. There has also been chatter about resource based Norway raising rates as well. Read More
Investors should put their cash to work and focus on leading economic indicators, and not lagging indicators such as the unemployment rate, advised Daphne Roth, head of equity research at ABN AMRO Private Banking. Read More
Commodities and commodity stocks higher pre-open on Alcoa earnings. While Alcoa is getting all the attention, Australia is again helping Asian markets due to a much better than expected jobs report there...Australia reported an increase of 40,600 jobs in August versus a forecast of a drop of 10,000 jobs. Read More
Look to invest in hot growth spots in Asia such as China's oil refiners and wind power firms, as the region's economy will see a stronger recovery compared to the rest of the world, said Philip Niem, head of Asia discretionary portfolio management at Barclays. Read More
As the G20 world points fingers at the US for it's weak dollar policy, the Obama administration and Federal Reserve should take notice. It's not the specifics of a new world reserve currency or the specifics of pricing oil in non-dollar terms, it's the fact that it's being discussed that matters! The rest of the world is greatly and gravely concerned not only of the current US dollar decline, but also of the potential bigger decline yet to come. Read More
Global stock markets are higher overnight due to...Australia? Yep. The central bank there became the first G20 country to raise interest rates, by 25 basis points to 3.25 points. The Australian dollar jumped to a 14-month high, and stocks rose as well. Read More
Lucinda Chan, divisional director at Macquarie Private Wealth is adding stocks to her portfolio, in particular those that will ride the upturn in more developed economies such as the U.S. and the UK. Read More
Missed out on the top two best jobs in the world? No worries! There's still a job in paradise that you may qualify for. Interview question No. 1: Do you own pruning shears? Read More
First, lobster dropped to lunch-meat prices. Now, wine is cheaper than water! So, you know what you have to do to beat this recession, right? Have a feast! Read More
As the buzz about economic recovery grows louder, a new survey reveals the best place in the world to ride out the rest of the recession, which could be one of the first stops on the recovery train. Read More