Archive for August, 2007
In the yo-yo trend, Dow Jones industrials gained almost 250 points after Wednesday’s closing. Reason – many investors believe the Federal Reserve will cut interest rates at its next meeting on Sept. 18 or even sooner and were preparing for Fed Chairman Ben Bernanke to hint at such a move on Friday at a speech […]
... written on Aug 30 2007This year, 2007, marks the 10-years anniversary since the last recession in 1997 Asia Economiy Crisis which saw the local Kuala Lumpur Composite Index plunged from the pride of 1,230 points to the lowest of merely 262 points (Sept 1998). 1997 crash was also the most severe to the extend that the former premier Mahathir […]
... written on Aug 29 2007In the latest filing with the Securities and Exchange Commission, Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A, stock) revealed it has bought additional 10.1 million shares of Burlington Northern Santa Fe Corporation (NYSE: BNI, stock) since 23rd Aug 2007, raising its stake in the nation’s No. 2 railroad to nearly 14.8 percent. The new shares were […]
... written on Aug 28 2007Since the last durian-eating session between Singapore’s Prime Minister Lee Hsien Loong and Malaysia’s premier Badawi with the pledge by the former to support IDR (Iskandar Development Region), everthing has quiet down until today when the ambitious IDR project was awaken again by the local media. This time, it was reported that a group of […]
... written on Aug 28 2007In the upcoming 2008 Malaysia Budget, the government may implement the goods and services tax (GST) and single-tier corporate tax. Deloitte KassimChan Tax Services Sdn Bhd technical director K Sandra Segaran said the GST was likely to be accompanied by further reductions in both corporate and personal income tax rates as has happened in countries […]
... written on Aug 27 2007The Dow Jones industrial average rose more than 140 points on Friday, closing at 13,378.87, mainly due to stronger-than-expected reading on new homes sales for July. The Commerce Department said new home sales rose 2.8 percent in July, after falling 4 percent in June. The increase in July lifted sales to a seasonally adjusted annual […]
... written on Aug 26 2007As much as you like to surf the internet for great information to either help you in your daily work or to do research for your blog, there is the possibility of your computer being exposed to other unfriendly parties. When your notebook or computer is online, your computer will constantly broadcasts your IP address, […]
... written on Aug 26 2007Ever since the subprime mortgage mini crisis ruled the U.S. financial news end of July 2007, every single stock was affected regardless of whether it’s financial or technology stock. And you should have noticed FinanceTwitter had stopped trading options temporary since then. Coincidently the housing problem blown-off at the same time of the earnings season […]
... written on Aug 25 2007While the Federal Reserve is busy fighting and calming the internal subprime mortgage crisis internally, one external force could and might be the catalyst that would add fuel to the already spooky wildfire. This factor is none other than the U.S. economic rival China. Starting with banks, Chinese banks are sending some early alerts that […]
... written on Aug 24 2007Most of the professional foreign investors do not limited their investment into a single basket, meaning they put their eggs into lots of baskets – diversification is the name of the game. They realized long ago that U.S. financial markets do not give them a safe and guarantee returns not matter how good they are […]
... written on Aug 24 2007