Eagle Eye Opener
Pemex Oil Still Playing Monopoly at 75… But Not Much Longer; Run on Russia: Property Values on the Rise; Markets Tiptoe up to Fed Announcement Wednesday
Petroleos Mexicanos (Pemex Oil) is Mexico’s 75-year old state run energy monopoly.
Asian Currencies Feeling the Sting; Netflix Teams up with DreamWorks; The Other Side of the Story: Easing to Spur Double-digit Stock Growth
For weeks now, uncertainty about how long the Federal Reserve’s stimulus support would last has been the primary driver pushing Asian currencies lower. Now it looks like a whole host of pressures will be piling on in the months ahead.
Smithfield Profit Plunges on Drop in Exports; Clearwire Gives Dish’s Ergen a Nod in Billionaires’ Duel; U.S. Wholesale Prices Rise in May
Hog producer Smithfield Foods Inc (SFD.N), which recently accepted a $4.7- billion buyout offer from China’s Shuanghui International, posted a 63 percent drop in net profit as its exports to China and Russia fell due to concerns about a drug it uses to produce lean meat.
Nikkei Down 10 Percent from Five-Plus Year High; Gold is the Time-Honored Safe Haven, Right?; Greece Named World’s First ‘Demerging Market’
The Nikkei 225 Index followed up Tuesday’s 1.5 percent loss with today’s 2.4 percent dive. After the last two sessions, the Nikkei tumbled a total 10 percent this year from its recent five-and-a-half-year high.
When ‘Nothing’ Means a Lot… The Ultimate Height of Volatility; Germany Takes ECB to Task… And to Court; Sony Strikes First in Next-Gen Gaming Wars
Sure the VIX index gives investors a visual representation of market volatility. But no one needs to draw us a picture to know volatility seems to be at a tipping point.
Rising Unemployment Gives Fed Reason to Stay with Easy-Money Policies; Seek Profits in Eastern Europe; Is Gold about to Rise Again?
Investors should look at Eastern Europe for the next round of oversized profits, said Templeton Group’s Emerging Markets superstar Mark Mobius.