Morgan Stanley Garner Says Emerging Stocks Are ‘Secular Bull Market’

Emerging markets may offer the only “secular bull-market” among global stocks, led by economic and earnings growth in China, Morgan Stanley said.

JPM Eyes “The Biggest Bull Market Of Your Career”

0325 GMT [Dow Jones] JPMorgan Chief Asian and Emerging Markets Equity Strategist Adrian Mowat says in press briefing that with inflation low, a very powerful, synchronized policy response from governments, central banks, there’s likely to be a sustained period of above-trend growth in major economies starting in 2010; calls it “the biggest bull market of your career.” Adds in emerging markets, risk premia had been highly compressed, but with economic growth likely to be better than expected, analysts will start revising up earnings forecasts. Is Overweight cyclical markets where investors currently Underweight, such as South Korea, Taiwan, Mexico, Indonesia, Thailand; Underweight Malaysia, Eastern Europe, South Africa, Singapore, HK, Australia. Also likes tech, commodities, consumer discretionary stocks. (AJP)

Private banks have failed their customers

Private banking as an industry used to make a virtue out of being dull. Maybe, with hindsight, that wasn’t such a bad thing.

Mayor paid his way to top

Disgraced Shenzhen mayor Xu Zongheng had spent millions of yuan trying to buy his way to the top position in the city and had angered many parties with his arrogant behaviour, sources said.

China Eyes 35% Share of Global Shipbuilding by 2011

The government will support qualified companies pursuing listings and issuing bonds, and expedite the process of setting up an industry investment fund.

8 weeks jail for sedition

Ong Kian Cheong, 50, a SingTel technical officer, and his wife, Dorothy Chan Hien Leng, 46, a UBS associate director, were found guilty on May 28 of four charges of sedition after an 11-day trial

Liquidity’s Role in Delusions of Recovery

Chinese market rallies, commodity prices and U.S. improvements are fuelling hopes of an economic turnaround. Don’t be fooled.

Rio Tinto’s ‘perfidy’ slammed

A Commentary by China’s official Xinhua news agency on Wednesday slammed Rio Tinto’s ‘perfidy’ for scrapping a deal with Chinalco, saying the agreement fell apart due to ‘possible political prejudice’.

Andy Xie: Tight Spot for Fed, Blind Spot for Investors

If you are a speculator and confident you can get out before it crashes, this is your market. If you think this market is for real, you are making a mistake and should get out as soon as possible. If you lost money during your last three market entries, stay away from this one – as far as you can.

Rongtong Rat Trading Exposes Loopholes

A securities probe that rooted out an alleged rat trader was limited in scope by regulations that may be letting the big ones get away.

Censorship fears after edict over porn filter

An aggressive move against online pornography that will force computer makers to pre-install a parental-control program has raised concerns about a fresh attempt by the mainland to increase internet censorship.

Censorship fears after edict over porn filter

An aggressive move against online pornography that will force computer makers to pre-install a parental-control program has raised concerns about a fresh attempt by the mainland to increase internet censorship.

BHP Billiton’s Price Plan for a Soft Market

In an interview, CEO Marius Kloppers said he backs flexible pricing for iron ore buyers and plans to sell uranium to China.

China’s got all that money and nowhere to spend it

China is ground zero for one of modern history’s greatest resource grabs. Massive investments in Latin America, Africa and Asia have delighted many politicians anxious to revive economic growth. In more developed economies, though, China is hitting its share of resistance or misfortune.

Guangzhao Industrial gets further extension for debt

Singapore Exchange-listed firm Guangzhao Industrial Forest Biotechnology Group has won another extension to repay more than US$8 million (S$11.6 million) to bondholder Liberty Harbor.

OZ Minerals sticking to Chinese deal

It rejects last-minute unsolicited US$1.2b refinancing proposal from Canadian bank

Statue aims to restore ‘truth’ about war heroine

The statue of wartime agent Zheng Pingru shows her at the moment of her execution by the Japanese.

Commodity price rally not the recovery signal many believe

Yet although the surge in commodity prices has had far-reaching effects, some observers are beginning to question whether the rally - like the rise in stock markets - might have run dangerously ahead of economic reality, and to wonder if prices may now be primed for a nasty fall.

Multinationals look to grow in the wind

On the outskirts of Shanghai, German engineering giant Siemens began construction on a 581-million-yuan wind power equipment plant in late May that marks the company’s entry into China’s wind energy market.

China’s new PCs to block sites

China’s government wants all PCs sold in the country from July 1 to be loaded with software that blocks certain websites, the Wall Street Journal reported on Monday.