IMF’s Lagarde:
Indonesia’s Economy is
Solid
Christine Lagarde, the Managing
Director and Chairman of the
International Monetary Fund
(IMF), in a meeting with
Indonesia’s Vice President
Boediono indicated that
Indonesia’s economy was “solid
and encouraging.” But she also
warned of “dark clouds” due to
global economic uncertainties.
According to a spokesman for the
Indonesian government, a
possible loan by Indonesia to the
IMF was not discussed, but
previously the Indonesian
government indicated that it was
considering contributing up to
US$1 billion to the IMF.
Lagarde is in Indonesia for three
days and will be speaking at the
Asean-Latin America business
conference in Jakarta on
Tuesday.
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commentaries Click Here)
News and Commentaries
by Jeffrey Friedland & Lorin Cohen
Sponsored by Friedland Global Capital
Weekly Market Update
By Mark Lubchenco
Profit Taking For The
BEE Markets
January 18,
2013 – The
BEEs (Big
Emerging
Economies)
were mixed this
week as Asian
stocks fell on profit taking and
also in response to Apple missing
on its most recent earnings report
affecting Asian suppliers.
The Brazil Bovespa ended the
week down 1.27% closing at
61169.83, while Mexico’s IPC
closed marginally up .80% at
45575.86.
The Nikkei 225 finished the week
flat at 10926.65 up 0.12%. The
Hang Seng also closed flat down
0.09% at 23580.43. Australia’s
ASX 200 ended the week up
1.34% closing at 4835.17, while
Korea’s KOSPI closed down
2.07% at 1946.69. India’s Sensex
also closed the week flat .32% at
20103.53.
The MSCI Emerging Market
index, which includes 2,700
securities in 21 emerging market
countries, closed the week down
1.08% at 1069.12. The
benchmark S&P 500 closed the
week up 1.14% closing above the
1500 mark at 1502.96.
It's Time To Take A Fresh Look At China Yuchai In
2013
January 9, 2013 - A new year is here, and I continue to be bullish on
the prospects for China Yuchai International (CYD). When I wrote
about China Yuchai on October 5th, the company's shares closed at
$13.42. When... (Full Article)
_________________________________________
For Global Investors Seeking Growth Opportunities,
the New Year Leads to Emerging Markets
January 2, 2013 - We’re looking forward to 2013. We see huge
opportunities for investors in equity or debt investments in growing
companies in emerging markets.
As we enter the New Year, there has never been as large a pool of
capital “sitting on the sidelines” or “parked” in U.S. Treasurys as
there is now... (Full Article)
_______________________________
Increased Iron Ore Prices Are Bullish For 3 Steel
Producers
December 20, 2012 - Global iron ore prices have increased to a five-
month high, confirming that Chinese steelmakers, the leading
worldwide consumers of iron ore, are increasing their steel
production... (Full Article at Seeking Alpha)
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Dim Sum Debt Comes To Canada, A First For
Governments Outside China
December 18, 2012 - Canada's British Columbian government
announced in Hong Kong last week that the province intended to sell
at least 500 million yuan ($80.1) million of government debt....(Full
Article at Seeking Alpha)
______________________________________
The Acceleration Of China's Auto Industry Leads To
Opportunities For Investors
December 11, 2012 - China is the world's largest auto market, and
the global auto industry is increasingly about China. Within three
years, China's auto market may grow to be larger than that of the
U.S., Japan and Germany combined...(Full Article at Seeking Alpha)
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Q3 Earnings Confirm Xinyuan Real Estate Well
Positioned For Growth
November 13, 2012 - I was generally pleased with the third quarter
results for Xinyuan Real Estate (XIN). With most indicators pointing
to an improvement in China's overall economy, I'm hopeful that the
end of a very challenging business environment for Chinese... (Full
Article)
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It's Time To Take A Fresh Look At China's Auto
Industry
October 8, 2012 - News stories reporting U.S. auto sales for August
indicated that a total of 1.19 million cars, trucks and sport utility
vehicles were sold in the United States, a 13% increase from August
of 2011, and the highest sales rate in four years... (Full Article)
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A Basic Industry Play: China Yuchai International
Manufactures Over 500,000 Diesel Engines Annually
October 5, 2012 - I must admit that I've been looking at China Yuchai
International Limited (CYD) for quite some time. I've been enthralled
with the company, and despite its significant decrease in revenue
and net income for the second quarter of this year, I haven't lost my
enthusiasm for it... (Full Article)