NEW YORK (MarketWatch) -- China issues the first of its long-awaited licenses for third-generation mobile phones, with the licenses going to three state-owned mobile phone operators, state-run Xinhua news agency said.
Asian markets were mostly higher Tuesday, with Japanese stocks struggling to hold on to early gains spurred by recent weakness in the yen, while Hong Kong shares retreated on telecom firms such as China Mobile after a strong recent rally.
The Chinese word for crisisis weiji.
But get this - when translated literally, wei means danger and ji means opportunity. So to the Chinese, a crisis - or danger - represents an opportunity.
Of course, you don’t have to actually speak Chinese to understand what this mindset means for investors.
What you’re seeing in China today ...
But get this - when translated literally, wei means danger and ji means opportunity. So to the Chinese, a crisis - or danger - represents an opportunity.
Of course, you don’t have to actually speak Chinese to understand what…
(Editor's Note: This is the tenth installment of our "Outlook 2009" series, which looks at the global investing outlook for the New Year.) By Don Miller Contributing Writer Money Morning The... Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. Money moves markets. But Money Morning lets you move first. <img[More...]
2008 has been a very difficult year for investors. And most are eager to put it behind them while hoping for a better 2009. I don't have a crystal ball. But I believe there are five powerful trends that ...[More...]