Asian markets plunge after Wall Street slide

Taking cue from US stocks market of  Wednesday,  Asian stocks tumbled Thursday as fears that the world's biggest economies are shrinking sparked fresh panic, despite continued efforts by several governments to ease the financial crisis and bail out packages. The...

Asian stock markets rally on new bail out hopes

The Stock market in Asia are rallying with fresh hopes of new bail out packages. The gains in the region picked up due to the government pledges worldwide to bail out their financial sector, along with efforts to inject liquidity. New measures are expected to fend off the...

So Much for 'Decoupling from US Dollar'

Decoupling from the U.S. dollar has been bandied about since 2002, by our socialist friends to the north -- Canada.  Well, get used to folks... we're all in this mess together, as the saying goes "when the U.S. sneezes the world gets a...

Answering the gold (and silver) price conundrum « Peter J. Cooper’s Weblog

"I am absolutely convinced that the answer to the gold and silver price conundrum is that the market this week is seeing liquidation of commodities by funds that urgently need cash for other reasons, such as margin calls, which is being balanced by physical buying of gold and...

Nokia's Shares Drop after Pessimistic Forecast

Nokia predicts lower sales volume in the upcoming quarter. This is not too surprising, since Nokia's handsets are either entry-level (missing things like bluetooth or even a camera) or insanely high-end (and costing more than a laptop). Even grey-market phones in this...

Eyewitness: Russian troops pull back

"All morning, the Russian soldiers had been standing listlessly around the checkpoint at Igoeti, just 35km (22 miles) from Tiblisi. As they cradled their rifles and chatted to local villagers, it seemed they were in no hurry to go. Then suddenly, at around noon, the first...

Consumers Favor Hybrid Technologies

"Americans, to quote JFK, seem willing to "pay any price" to achieve better gas mileage. As gasoline prices pass $4 a gallon, consumers remain high on hybrids. That holds true both before and after the average market price -- $5,000 -- is revealed, according to the J.D....

RBS issues global stock and credit crash alert

"The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks. "A very nasty period is soon to be upon us - be prepared," said Bob Janjuah, the...

RBS warns of Black Monday within three months, buy precious metals « Peter J...

" In a Daily Telegraph scoop today the bank warns that the S&P 500 will fall by more than 300 points to around 1050 by September. This Wall Street crash will reverberate through Europe, Asia and the emerging markets, and amount to ‘one of the worst bear markets over...

Is Saudi Arabia about to repeat its oil policy error of 1998? « Peter J. Coo...

" So I wonder if Saudi Arabia really decided to screw down oil prices next week, how long will this last? The emerging economies will soon swallow up any surplus production and we will be back to square one, and prices will go up again. Only at that point Saudi Arabia may...