Finance and Economy
Singapore Stock Exchange (SGX) and Australia’s stock exchange operator, ASX Ltd, have agreed to a $8.4 billion merger to create the fifth-largest listed exchange in the world. SGX offered a combination of A$22.00 in cash plus 3.473 of its own shares for each ASX share – valued ASX shares at A$48.00 each, 37% premium to […]
... written on Oct 25 2010On average a McDonald’s Big Mac costs about 14.5 yuan or about US$2.18 in China (Beijing and Shenzhen) as compare to US$3.71 for the same burger in the United States. Based on a study done by McDonald and Economist using Big Mac Index, a semi-hilarious method of measuring the PPP (purchasing power parity) between two […]
... written on Oct 18 2010Instead of writing about just announced Malaysia’s 2011 Budget (*yawn*) I would rather spend some time writing about Apple Inc.’s (Nasdaq: AAPL, stock) earnings scheduled to be released on Monday, 18th Oct 2010. And if you’ve been investing the company’s stock or trading its options, get ready for the explosive earnings announcement. But then some […]
... written on Oct 18 2010You can’t feel sorry for those who has just bought the original (mean real) Mitsubishi Lancer GT to start kicking and banging themselves now that Proton Holdings Berhad (KLSE: PROTON, stock-code 5304) has officially announced the replacement for Proton Waja sedan – Proton Inspira. The news of the replacement model which was essentially a rebadged […]
... written on Oct 14 2010Petronas Chemicals IPO (initial public offering) which is set to raise as much as US$4 billion, exceeding even Maxis Berhad’s (KLSE: MAXIS, stock-code 6012) IPO last year valued at US$3.3 billion, will be offered to retail investors at RM5.05 a share while institutions will need to pay RM5.20 a share. This will make Petronas Chemicals […]
... written on Oct 13 2010While Federal Reserve is set to introduce QE-II (quantitative easing) because its near-to-zero interest rate could not wake up the crawling economy powerhouse, China has the opposite problem – economy overheating. How President Obama wishes he could have the best of both worlds; the China’s boiling economy and America’s presidency. China, the world’s second biggest […]
... written on Oct 13 2010Whether Dow Jones can close this week above 11,000 or tumbles into the red depends on the much-awaited jobs report. Dow closed Thursday at 10,948.58, inches away from the psychological 11,000 level. The U.S. Labor Department will issue the final monthly jobs report before the midterm congressional elections. And economists couldn’t find any reason that […]
... written on Oct 08 2010One day after the stocks were dumped, it recovered with Dow up by 167 points, Nasdaq jump almost 50 points and S&P500 adds 21 points. It’s nice to see all the three indices up more than 1%. With all the good reports out today, it’s hard to believe the current month of October will be […]
... written on Oct 06 2010How do you select which stocks to invest in the current fluctuating market? I use the word fluctuating simply because generally every Tom, Dick and his dog knows that the U.S. economy is crawling and the unemployment is surely not going to improve in another two or three months. The world’s largest stock market is […]
... written on Oct 04 2010August was a bad month while September was rather jolly good for stocks. S&P500 closed the month of September 2010 with a 9% gain. In fact this September was the best September for the U.S. stocks in more than 70 years (since 1939). The gain in September more than makes up for the 4.75% August […]
... written on Oct 02 2010
