Car trader Paul Law predicts sales at his company could be 10 per cent higher than normal for this time of year. Photo: Nora TamTo some, the fun ride has only just begun.”Sales have been better,” Paul Law Siu-hung, chairman of Olympic Motor Group and a used car dealer, admits cheerfully.He says the recent rally in stocks gave a welcome […]
Car trader Paul Law predicts sales at his company could be 10 per cent higher than normal for this time of year. Photo: Nora TamTo some, the fun ride has only just begun.”Sales have been better,” Paul Law Siu-hung, chairman of Olympic Motor Group and a used car dealer, admits cheerfully.He says the recent rally in stocks gave a welcome […]
Beijing’s bid to rein in speculators could hit Hong Kong stock marketThe Hong Kong stock market is expected to take a hit after Beijing announced measures to rein in speculation, after the country’s benchmark index doubled in 10 months to its highest level since March 2008.Late on Friday, regulators announced that fund managers would be allowed to lend shares for […]
Mainland investors piled into the city’s stocks via the through train programme, with turnover hitting a record HK$21 billion. Photo: Dickson LeeThe Hong Kong stock market opened high on Thursday morning with a 5 per cent rise in the Hang Seng Index a day after it was swamped by a wave of mainland Chinese money that helped drive trading to a record […]
LONDON (MarketWatch) — Were you too skeptical to follow the Europe bulls and pile into the region’s stock markets early in the year? But worried now it is too late to make stellar returns out of the once unloved region?The good news is that you can still comfortably take a seat on the European equity train, and let the European […]
AEROTERROR: A regular flight from Caracas to Tehran carried more drugs and money than people by BusinessInsider.com : Wednesday 03:14:42 CTCategories: markets, streamFrom 2007 to at least 2010, there was a flight from Caracas, Venezuela to Tehran, Iran that made a stop in Damascus, Syria.Hugo Chavez and Mahmoud Ahmadinejad reportedly called it ‘Aeroterror.’ Only government officials with a special clearance […]
On Feb. 17, an article appeared in The New York Times, “As Rivals Falter, India’s Economy is Surging Ahead,” by Keith Bradsher, which, among other things, says, “The stock market and rupee are surging. Multinational companies are looking to expand their Indian operations or start new ones. The growth in India’s economy, long a laggard, just matched China’s in recent […]
On August 4th the Wall Street Journal carried a breathless tale of how a handful of obscure oilfield suppliers were striking immense riches in the sand dunes of Wisconsin. Owing to the “shale revolution”, the stock price of an outfit that had originated in the stagnating business of supplying sand traps to golf courses, and which had been at death’s door as […]
On August 4th the Wall Street Journal carried a breathless tale of how a handful of obscure oilfield suppliers were striking immense riches in the sand dunes of Wisconsin. Owing to the “shale revolution”, the stock price of an outfit that had originated in the stagnating business of supplying sand traps to golf courses, and which had been at death’s door as […]
Chapter 4: The Explosive Bubbles of the Early 2000s1. The Internet BubbleMost bubbles have been associated with some new technology (as in the tronics and biotech booms) or with some new business opportunity (as when the opening of profitable new trade opportunities spawned the South Sea Bubble). The Internet was associated with both: it represented a new technology, and it […]
