Archive for June, 2007
In a blow to Malaysia’s plan to develop another mega project, oil industry players have given only cautious approval to the multi-billion-dollar northern pipeline project, citing slowing oil demand in the Asian region and cost concerns, reported AFP. On completion in 2014, the pipeline will divert about 20 percent of oil transiting through the Strait […]
... written on Jun 13 2007Wall Street plunged Tuesday as investors, driving the Dow Jones industrial average down nearly 130 points, grappled with a seemingly relentless rise in bond yields. The blue chip index is 381 points, or 2.8 percent, below its record close of 13,676.32, reached June 4. The Standard & Poor’s 500 index fell 16.12, or 1.07 percent, […]
... written on Jun 13 2007TheStreet.com, a name synonym with Jim Cramer has announced the cancelation of the first round of its “Beat the Street” competition due to cheating. Although the financial news site did not disclose the tactics of the cheats, it said that all participants of the first contest could enter its next stock picking match. The $100,000 […]
... written on Jun 12 2007It was a mission impossible for Malaysia second finance minister Nor Yakcop who traveled all the way to New York to ask for a credit rating increase, only to be turned down by Moody who maintains the country credit rating remains “constrained”. Malaysia, which has spent more than it brings in for nine straight years, […]
... written on Jun 12 2007Well, what do you know, Apple Inc.’s (Nasdaq: AAPL, stock) dropped like a bomb-shell immediately after a so-called “underwhelming” presentation by Steve Jobs. CEO Steve Jobs opened the company’s annual MacWorld developer conference on Monday in San Francisco and almost as soon as he left the stage, the company’s stock started to drop, finishing the […]
... written on Jun 12 2007I’ve to admit Apple Inc.’s (Nasdaq: AAPL, stock) is one of favorite stocks simply because it the branding, its’ innovative products and Steve Jobs. I can’t imagine what will happen if Steve Jobs is part of Google Inc.’s (Nasdaq: GOOG, stock) team. It would be awesome, but I guess the law of nature would not […]
... written on Jun 11 2007You should noticed there’re four more Call Warrant issued by CIMB Investment Bank for two foreign-listed shares namely Singapore Telecommunications Limited (SIN: Z74) and HSBC Holdings PLC (HKG: 0005). The stock-code for Singapore Telecommunications Call Warrants will be known as SINGTEL-C1 and SINGTEL-C2 while HSBC Holdings will be known as HSBC-C1 and HSBC-C2 respectively. Singtel-C1 […]
... written on Jun 11 2007Another week has passed with another round of stock market crash. That’s the law of stocks investing, you’ve to be able to take the risk. Wouldn’t it be nice to be able to short stocks as easy as buying it especially in Malaysia stock market? And what’s your decision on the Maxis’s offer of RM […]
... written on Jun 09 2007Stocks snapped a three-day losing streak Friday, letting investors recoup some of the losses incurred during a week in which concerns about interest rates roiled Wall Street. In Friday’s session, the Dow Jones industrial average showed its biggest point gain in more than two months, and the Standard & Poor’s 500 index crossed back above […]
... written on Jun 09 2007In yet another similar crisis, Megan Media Holdings Bhd (KLSE: MEGAN, stock-code 7101), joined the bandwagon of financially suspect firms saying its receivables, sales costs and inventories had been overstated. Its inventory could have been inflated by as much as 100 million ringgit ($29.2 million), Megan said, adding that receivables amounting to 334.3 million ringgit […]
... written on Jun 08 2007
