Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Saturday, June 27, 2009

Asian Stocks Up Amid Mergers and Acquisitions

Today Asian stocks edged up but investors remained as mergers and acquisitions highlighted regional activity.

Australian lenders have largely managed to dodge the global financial
crisis, and the country's No. 1, National Australia Bank, is looking to
dominate the insurance industry after snapping up most of British insurer Aviva's business there for $660 million.

Aviva, the world's No.5 insurer, joins a growing list of global firms
exiting Australia to focus on their domestic markets.

In mining, Xtrata aims to merge with rival Anglo American to form a $68 billion company, better able to compete with giants like BHP Billiton.

In regional share markets, high demand for hybrid cars led investors to buy up shares for compnaies like Japanese battery-maker Yuasa, which fell sharply last week.

Fuji Electric soared on a report it will team up with Furukawa Electric to develop power chips for hybrids, while Nissan shares rose on plans to invest $1 billion in a U.S. electric cars plant with partner NEC.

Regional airlines continued to experience turbulence, with Japan Airlines likely to seek around $1 billion in emergency funding from the government, hit by slumping global travel and rising fuel costs.
Category: News & Politics
Tags:
NTD Market Report Economy Benchmark Money Trade Nikkei Australia Bank Aviva's business

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Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
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