MYSTOCKVOICE OPTIONS

Editor Picks

This is some text about the editor's picks

Vale well positioned as Chinese steelmakers warm up

0 CommentsPosted: Monday 04/05/2009 22:37 by: Paul H

Companhia Vale do Rio Doce (Vale) (RIO) has recently been climbing back from lows caused by the severe drop in demand for its principle feedstock, iron ore. However, there are signs that the Brazilian mining giant may be turning the corner, as the Baltic Dry Index (BDI) has begun to show some activity off the back of speculation that the steel industry is picking up, particularly in Asia.

Share:

The Long Case for Russia's Mobile Telesystems

0 CommentsPosted: Sunday 03/05/2009 22:41 by: Paul H

Although in Q4 2008, Mobile Telesystems [MTS] (MBT) suffered a disastrous $794.8 million foreign exchange loss to reflect book value of the company’s foreign-denominated debt due to the weak ruble, there are plenty of signs Russia’s largest mobile operator is worth investing in now. Revenue grew 4.0% to $2.42 billion from $2.33 billion a year ago, which is healthy in the current economic climate. Taking into account that the ruble declined by 16% against the dollar in the last three months of 2008, this is a signal that Mobile Telesystems is a very robust play indeed.

Share:

'BRIC' countries are trading more and relying less on West

0 CommentsPosted: Monday 15/06/2009 15:09 by: Paul H

Just when you thought decoupling — one of the hottest economic theories in recent years — was dead and buried, it resurrects itself in a new, and even more controversial, form.

Share: