Global News

We’re only at midweek, but traders are celebrating on selling floors around the world as the leading indexes continue to rise to lofty and, in some cases, record highs. The Footsie 100 closed up 35.8 points yesterday to reach its highest point since December 2007.  The Nikkei Index broke past the 14,000 mark to 14,180 […]

Market timing is difficult. Actually it’s not difficult, it’s impossible. To find out why, read my Premium Newsletter: Value Investing – How To Get Rich Slow.

Okay.  I admit it.  We’ve been hard on HSBC (LSE:HSBA) this past 12 months.  In fact, I gave them a pretty strong poke in the eye just two weeks ago today on 23 April, when I berated them for their treatment of the “little people.”  And I was a wee bit sarcastic about them about […]

May is soon upon us and then we will see if the markets will crash as they have for the last few years. If they do we will then buy, if they don’t we will start buying. It’s a simple strategy… try and miss a likely correction. Subscribe to Clem’s Premium Newsletter: Value Investing – […]

Down from €1,425 million in 2012 to €564 million in 2013 Daimler AG (stock-exchange symbol DAI) achieved earnings below the prior-year level in the first three months of 2013. The Daimler Group posted first-quarter EBIT of €917 million (Q1 2012: €2,098 million). Net profit amounted to €564 million (Q1 2012: €1,425 million). Earnings per share […]

Monthly report by ratings agency Fitch sees LG Electronics downgraded to BBB- Fitch Ratings has published the latest edition of its Asia-Pacific monthly newsletter. The ‘Asia-Pacific Monthly’ is one of the most viewed reports on the Fitch website. In March, Fitch became the first international rating agency to upgrade the Philippines to Investment Grade (Fitch […]

“Reputation is an idle and most false imposition; OFT got without merit, and lost without deserving.” ~ William Shakespeare The share price of GlaxoSmithKline (LSE:GSK) plunged 12.0 pence to 1646.0 by mid-afternoon following allegations by the Office of Fair Trading (OFT) that GSK may have illegally delayed the introduction of generic drugs in order to […]

339m-euro loss compared to 1.57bn in 2012 Nokia shares have fallen by 13% after the smartphone manufacturer announced it had made a loss of 339m-euros in the first quarter of 2012. The company saw a 13% decrease in sales of its Lumia brand, contributing to a 20% fall in revenue to 5.85bn-euros from 7.35bn. Commenting […]

The Australian car manufacturing industry cannot survive. Just one week after Holden reluctantly revealed the true value of taxpayer support it received over the past 12 years (an incredible $2.18 billion) the company declared it would axe a further 500 manufacturing and engineering workers. The Australian taxpayer has tipped an incredible sum into the local […]

Those were the words of Zhang Ke of the Chinese accounting firm ShineWing as he told reporters that local government debt in the country is “out of control.” Mr. Zhang said that ShineWing “audited some local government bond issues and found them very dangerous, so we pulled out.  Most don’t have strong debt servicing abilities. […]