Commodity prices falling almost as fast as they rose this year raise questions again on the wisdom of investing in such markets, but those in the game for long will say its worth it, a market researcher said. Some are asking if commodity prices in general had gone up too high, too fast, leading to a bubble.
Monday, March 24, 2008
Egypts Alcotexa sells 100 tonnes cotton in week
CAIRO (Reuters) - The Alexandria Cotton Exporters Association (Alcotexa) said on Sunday it committed in the week ended March 22 to sell 100 tonnes of cotton for export.
Saturday, March 22, 2008
China banks to face harder times after bumper 2007
HONG KONG (Reuters) - Chinas huge banks are poised to report strong profit growth for 2007, thanks to a surging economy and stock market bull run, but 2008 is set to be a tougher year for the top three Chinese lenders.
Inflation-proof your portfolio
Think of inflation as a menace you can manage -- if you take the right steps. Here are three things to consider to help ensure your money will last as long as you do.
Dow falls 293 as commodities slump
Gold falls under $1,000; crude oil drops 4.5%. Concerns about more write-downs at Merrill Lynch hit financial stocks. Visa shares jump 29% on the companys first day of trading. Morgan Stanley profits are better than expected.
Wednesday, March 19, 2008
S.Africa manufacturing confidence at 4-1/2 year low
JOHANNESBURG (Reuters) - Confidence in South Africas manufacturing sector plunged to a 4-1/2 year low in the first quarter of 2008, hit by slowing consumer demand, higher input prices and power shortages, a new survey showed on Monday.
S.Africa finmin Manuel warns on current account, market turmoil
PRETORIA (Reuters) - South Africas large current account deficit is a major chink in its armour given a low savings rate and global financial market turmoil, Finance Minister Trevor Manuel said on Monday.
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