Foreigners Invest US$8.9 Bln in S. Korea Through Tax Havens

SEOUL, June 28 Asia Pulse – Foreigners invest a total of US$8.9 billion into South Korea through countries offering very favorable tax laws for foreign businesses and individuals, according to the country’s tax authorities Tuesday. In a report to the National Assembly, the National Tax Service (NTS) said about $6.6 billion of the investments came … Read more

First silver ETF filed

Barclays trust would be based on gold ETF model BOSTON (MarketWatch) — Barclays Global Investors filed an initial prospectus for the first exchange-traded fund to reflect the price of silver bullion. If approved by the Securities and Exchange Commission, the ETF’s shares would trade on the American Stock Exchange under the symbol “SLV.” Each share … Read more

China’s On The Playing Field

NEW YORK – Look-out global playing field. Here comes China to play. Before we can turn around, suddenly China, or at least Chinese companies–and is there a real difference?–may wind up owning some large swaths of corporate America. A Chinese company, Lenovo, bought IBM’s entire PC business last month. Now, Chinese companies may be in … Read more

The Future of the Dollar

By Clyde Harrison – CHICAGO (ResourceInvestor.com) — Leo Malamed is known as the Father of the derivatives market. I started in the investment business in 1968, so I was around when the baby was born. In 1968, the Mercantile Exchange wasn’t well known as they only traded eggs and pork bellies. The Exchange being made … Read more

Striking out inflation

Dick Fisher is the spanking new president of the Federal Reserve Bank of Dallas and a voting member of the Fed’s open market committee policy arm. A terribly bright guy, he is somebody who reads the research memos and looks at the data. He may be a Democrat — he served as deputy trade representative … Read more

Which REITs Rule the Range?

So far in 2005, real estate investment trusts (REITs) — entities that manage portfolios of real property — have generally seen firming fundamentals in all property types, from office buildings and shopping malls to apartments and hotels. And those favorable conditions appear to have been noticed by investors: This year through May, the total return … Read more

First currency ETF filed

Rydex Investments has filed an application with the Securities and Exchange Commission for the first currency exchange-traded fund that would provide exposure to the euro. Called the Euro Currency Trust, if approved the fund would trade on the New York Stock Exchange under the symbol “FXE,” according to a Tuesday filing. The Bank of New … Read more