SHANGHAI, March 19 – Chinese state-owned enterprises’ profit rose 88.9 percent in January and February from the year-ago period, the Finance Ministry said, bolstered by China’s economic recovery. Cumulative profit at state firms for the two months China state enterprises profit up 89 pct in Jan-Feb

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China state enterprises profit up 89 pct in Jan-Feb

Filed under: International Markets , Newsletters , Stocks to Buy “Industrials stocks focus on the manufacturing, transport and construction of physical goods and heavy infrastructure,” says Elliott Gue . The contributing editor to Personal Finance explains, “The best in the sector share one key trait: powerful leverage to a global economic recovery led by growth in the emerging markets and renewed spending on basic infrastructure across the developed world. The S&P 500 Industrials has outperformed the broader market by 20% during the past year.” Continue reading ABB (ABB) and Shaw (SHAW): Industrial Gains ABB (ABB) and Shaw (SHAW): Industrial Gains originally appeared on BloggingStocks on Thu, 18 Mar 2010 11:00:00 EST. Please see our terms for use of feeds . Permalink  |  Email this  |  Comments

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ABB (ABB) and Shaw (SHAW): Industrial Gains

Citigroup Inc (C:NYSE). will provide $576 million in loans and cash to help New York City build or renovate more than 20,000 low-income housing units during the next four years, its chief of community development banking said. The participation of C C:NYSE: Citigroup to Help Finance 20 000 NYC Housing Units

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C:NYSE: Citigroup to Help Finance 20 000 NYC Housing Units

German magazine Focus reported on Saturday that the finance ministry was considering the possibility of € zone countries using their central banks’ gold reserves to back an EMF. A spokeswoman for Germany’s central bank said she was not aware of any Buba would oppose backing EMF with gold

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Buba would oppose backing EMF with gold

KYEV, March 13 – Ukraine is not on the verge of default despite severe budget holes, newly appointed Finance Minister Fedir Yaroshenko said on Saturday. The government pension fund alone is short of 25 billion hryvnais , and investors worry Kiev m Ukraine is not on the verge of default – FinMin

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Ukraine is not on the verge of default – FinMin

CAIRO, March 13 – Egypt’s budget deficit rose to 65 billion Egyptian pounds in July-Jan of fiscal year 2009/10, state news agency MENA reported on Saturday, citing a report from the finance ministry. The figure represents 5.5 percent of Egypt’s G Egypts budget deficit rises to $11.9 bln – report

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Egypts budget deficit rises to $11.9 bln – report

Filed under: Money and Finance Today , Economic Data The Labor Department reported that weekly jobless claims fell by 6,000 last week to 462,000. This was slightly worse than analysts predictions of 460,000. The four week moving average showed a bit of caution with claims rising by 5,000 to 475,000. The number of people receiving aid after the initial week rose 37,000 to 4.56 million during the week ending February 27. The report also stated that the number of people on extended unemployment benefits fell in the week ending February 20. This number is not all reliable because it does not include the number of persons who have exhausted their benefits. Continue reading Weekly Jobless Claims Were Down 6,000 Weekly Jobless Claims Were Down 6,000 originally appeared on BloggingStocks on Thu, 11 Mar 2010 16:00:00 EST. Please see our terms for use of feeds . Read  |  Permalink  |  Email this  |  Comments

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Weekly Jobless Claims Were Down 6,000

TEL AVIV, March 7 – The Israeli government’s revenue from taxes totalled 14.55 billion shekels in February, up a real 4.2 percent from February 2009, the Finance Ministry said on Sunday. In the first two months of 2010 tax revenue jumped 10.6 per Israel tax revenue up 4.2 percent in February

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Israel tax revenue up 4.2 percent in February

      Here’s the latest story on the economic truth from behind the Great Wall. As you might expect, it tends to be at odds with the official party line. From Bloomberg entitled: China’s Hidden Debt Risks 2012 Crisis, Northwestern’s Shih Says “China’s hidden borrowing may push government debt to 96 percent of gross domestic product next year, increasing the risk of a financial crisis in the world’s third-biggest economy, Professor Victor Shih said. “The worst case is a pretty large-scale financial crisis around 2012,” said Shih, a political economist at Northwestern University in Evanston, Illinois, who spent months researching borrowing transactions by about 8,000 local-government entities. “The slowdown would last at least two years and maybe longer,” the author of the book “Factions and Finance in China” said in a phone interview March 1. Surging borrowing by local-government entities, uncounted in official estimates of China’s debt-to-GDP ratio, is the key reason for Shih’s concern. Harvard University Professor Kenneth Rogoff said Feb. 23 that a debt-fueled bubble in China may trigger a regional recession within a decade, while hedge-fund manager James Chanos has predicted a Chinese slump after excessive property investment. By Shih’s count, China’s debt may reach 39.838 trillion yuan ($5.8 trillion) next year. His forecast for debt-to-GDP compares with an International Monetary Fund estimate for China of 22 percent this year, which excludes local-government liabilities. The IMF sees Spain at 69.6 percent, the U.S. at 94 percent, Greece at 115 percent and Japan at 227 percent. Chinese officials allowed lending to explode from late 2008 to fight off the effects of the global financial crisis. In 2009, new loans rose to a record 9.59 trillion yuan ($1.4 trillion). In the fourth quarter of 2009, the Chinese economy grew 10.7 percent from a year earlier. The economy faces “a slow grinding down of all this debt and there’s no easy way out,” Beijing-based Pettis, a finance professor at Peking University, said in a Feb. 24 interview.” Is is just me or does it seem like everything is going to slam into the fan in 2012? Related Articles: The China Bubble Debate Chanos: The “cracking of state and local municipalities is coming” Welcome to Capitalism, Comrades Chanos on China To learn more about Wealth Daily click here Advertisement We’ll Give You 6 Months Risk-Free of This First-of-Its-Kind Service… We’ve never offered a trading service like this before. In fact we’re not sure anyone has. This is our first ever “beginners” options advisory. And the great part is – you earn while you learn! Industry superstar Ian Cooper will guide you every step of the way as you learn to trade these “everything-proof” investments – but he’ll also send you

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China’s 2012 Crisis

FTI Consulting Inc.’s ( FCN ) fourth quarter operating earnings of 71 cents per share fell marginally short of the Zacks Consensus Estimate of 73 cents, but were significantly higher than the 56 cents per share in the prior-year quarter. Net income increased 21.3% year-over-year to $36.6 million. Non-GAAP EBITDA was $80.8 million or 23.6% of revenues, compared to $70.6 million or 21.9% of revenues in the prior-year quarter. Results benefited primarily from a disciplined expense management and strong restructuring activities coupled by improvement in the litigation driven activities that drove M&A transactions. However, declining revenues from Technology and Strategic Communication segments hampered growth. FTI Consulting’s total revenue increased 6.2% year-over-year to $342.9 million. Quarterly revenue by business segments are as follows: Corporate Finance/Restructuring revenues increased 16.5% to $124.9 million from $107.3 million in the prior-year quarter on robust demand that drove higher chargeable hours and billing rates. The segment continued to be active in restructuring assignments in a broad range of industries being impacted by the global recession, including financial services, automotive, utility/energy, media and telecommunications. Strong contributions from its global expansion into non-U.S. markets such as the Canada and Latin America also enhanced growth. Forensic and Litigation Consulting revenues increased 5.5% to $61.8 million, compared to $58.6 million in the prior-year period. While intellectual property and domain expertise industry practices were strong due to several large financial fraud investigations, the levels of more routine commercial litigation and investigations remained soft on …

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FTI Consulting Misses Estimate – Analyst Blog

Filed under: Newsletters , Bristol-Myers Squibb (BMY) , Stocks to Buy “It’s time for income investors to come back to what’s historically been a mainstay of diversified portfolios: big pharmaceutical companies. We’re adding one of the sector’s most durable members to the Income Portfolio, Bristol-Myers Squibb ( BMY ),” says Roger Conrad . In Personal Finance newsletter, he explains, “The stock has been a lackluster performer since the 1990s, when it was last a Portfolio recommendation. The company’s underlying business, however, has become ever-more valuable. Continue reading Bristol-Myers Squibb (BMY): Time to Buy Pharma Bristol-Myers Squibb (BMY): Time to Buy Pharma originally appeared on BloggingStocks on Thu, 25 Feb 2010 11:00:00 EST. Please see our terms for use of feeds . Permalink  |  Email this  |  Comments

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Bristol-Myers Squibb (BMY): Time to Buy Pharma

Feb. 19 (Bloomberg) — Greece replaced its debt management chief with a former Goldman Sachs Group Inc. investment banker, as declines in the country’s bonds roil European markets. Petros Christodoulou took over from Spyros Papanicolaou as head of the Athens-based Public Debt Management Agency, the Finance Ministry said yesterday in an e-mail. Christodoulou held positions in

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Greece Hires Former Goldman Banker as Debt Chief