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Tuesday, August 31, 2010

George Soros Gold the ultimate asset bubble

Gold Rallying to $1,500 as Soros's Bubble Inflates


George Soros described gold as “the ultimate asset bubble” at the World Economic Forum’s January meeting in Davos, Switzerland. Buying at the start of a bubble is “rational,” he said.

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Monday, August 30, 2010

George Soros : Europes ominous moves against the Roma

By George Soros
NEW YORK —
—The Roma have been persecuted across Europe for centuries. Now Roma (often called Gypsies, a term they dislike) face a form of discrimination unseen in Europe since World War II: group evictions and expulsions from several European democracies of men, women and children on the grounds that they pose a threat to public order.

This month, France began to carry out plans to expel all non-French Roma, implicating them as a group in criminal activity, without any legal process to determine whether individuals have committed any crime or pose a threat. These French actions follow Italy's "security package" of 2008, which described so-called "nomads" as a threat to national security and imposed emergency legislation leading to expulsions of non-Italian Roma.
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Tuesday, August 24, 2010

Alibaba Group Founder and CEO Jack Ma on the Economic Crisis

NEW YORK, March 12, 2009 - China's Internet titan, Jack Ma, discusses how the economic crisis provides an opportunity for Americans to re-embrace the entrepreneurial spirit.

Monday, August 23, 2010

Soros Sells JPMorgan, U.S. Bancorp; Ackman Adds Citi

Aug. 17 (Bloomberg) -- Bloomberg's Erik Schatzker reports on major newsmakers in today's Movers & Shakers. (Source: Bloomberg)

Friday, August 20, 2010

George Soros buys 4% of Bombay exchange

Billionaire investor George Soros has bought a 4% stake in the Bombay Stock Exchange via his Quantum hedge fund from Dubai Financial Group , The deal is valued at $800- $850 million

Thursday, August 19, 2010

George Soros slashes exposure to US equities

By James Quinn - The Telegraph | Published: 7:51 AM 08/19/2010
The legendary investor’s Soros Fund Management – which has approximately $25bn (£16bn) under management – reduced its equity investments by 42pc to $5.1bn by the end of June, down from $8.8bn at the end of March.

The asset allocation decisions were made during a period in which the Standard & Poor’s 500 index – the broadest US equity index – fell 12pc.

The fact that Mr Soros – best known as the man reputed to have made $1bn by “breaking the Bank of England” during the 1992 fiscal crisis – has decided to make such a concerted shift out of equities will send a clear message to other investors.

Full Story: George Soros slashes exposure to US equities – Telegraph

Monday, August 16, 2010

SKS rises 16 pct on market debut

Mumbai Shares in SKS Microfinance rose more than 16 per cent on debut on Monday after the lender raised about $358 million in an initial public offering earlier this month.
At 9:01 a.m., shares in the firm that gives tiny loans to poor women were up 16.2 per cent at Rs 1,145, while the main Mumbai market was trading 0.1 per cent higher.
full article >>>

Saturday, August 14, 2010

George Soros On The Rise Of China

The legendary investor George Soros says the future of the global economy will depend on China.

Friday, August 13, 2010

David Wei of Alibaba Seeks More Acquisitions in U.S.

Aug. 11 (Bloomberg) -- David Wei, chief executive officer of Alibaba.com Ltd., talks about the company's financial results and growth strategy. Alibaba, the Chinese e-commerce company partly owned by billionaire George Soros, said second-quarter profit rose 46 percent as a rebound in Chinese exports boosted product listings on its website. Wei speaks with Bloomberg's Rishaad Salamat in Hong Kong. (Source: Bloomberg)

Thursday, August 12, 2010

Two Stocks Warren Buffett and George Soros Agree On

The two top traders/investors are Berkshire Hathaway's (BRK-A) (BRK-B) Warren Buffett and George Soros. Both of these billionaires have been investing in stocks for years, with very successful track records. If you look at the list of stocks that each own, you will find only two that they agree on.
First, there is the ever popular Wal-Mart Stores Inc. (WMT), which will be announcing earnings next week on August 17. The stock sports a forward price to earnings ratio of 11.6 and a reasonable price earnings growth ratio of 1.23. The stock even pays a 2.3% dividend
Read more >>>>

Wednesday, August 11, 2010

George Soros Interview on Indonesia TV

Face to face desi anwar with George Soros

Citi and Soros Economic Development Fund help create 1,400 new jobs in Haiti

PORT-AU-PRINCE, Haiti - Citi will partner with the Soros Economic Development Fund (SEDF), a non-profit social investment fund, to launch a professional training program for employees of apparel company CODEVI. This investment will help create 1,400 new full time jobs for Haitians over the next 12 months. The $250,000 Citi grant was announced in Port-Au-Prince today by Eugene M. McQuade, CEO Citibank, N.A.
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Friday, August 6, 2010

Billionaire George Soros Portfolio

George Soros
Hungarian-born George Soros is famous for co-founding the Quantum Fund, a private hedge fund responsible for the bulk of Soros' $14 billion fortune. The fund, which was launched in 1970, was notorious for focusing on overseas investments - particularly major bets on currencies and emerging market stocks.

Some of the new positions taken on by Soros Fund Management last quarter include an $81 million stake in Cobalt Energy (NYSE:CIE), a $54.2 million stake in PNC Financial Services (NYSE:PNC) and a $33.1 million bet on Telecom Argentina (NYSE:TEO).

Those buys were offset in part by large position closures, including a $66.4 million stake in food processing firm Bunge Limited (NYSE:BG) and a $22.4 million stake in Coach (NYSE:COH). (To learn more about this high-stakes investor, see George Soros: The Philosophy Of An Elite Investor.)

Source: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/08/05/investopedia46151.DTL#ixzz0vpvG2c7g

Tuesday, August 3, 2010

SKS Microfinance Gets Bids for 13.5 Times Shares Available in Stock Sale

SKS Microfinance Ltd., the Indian lender backed by investors including George Soros, received bids for 13.5 times the stock available in an initial public offering that’s seeking to raise as much as $347 million.
in Bloomberg.com
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George Soros was born in Budapest, Hungary, in 1930. His father was taken prisoner during World War I and eventually fled from captivity in Russia to reunite with his family in Budapest. Soros was thirteen years old when Hitler's Wehrmacht seized Hungary and began deporting the country's Jews to extermination camps. In 1946, as the Soviet Union was taking control of the country, Soros attended a conference in the West and defected. He emigrated in 1947 to England, supported himself by working as a railroad porter and a restaurant waiter, graduated in 1952 from the London School of Economics, and obtained an entry-level position with an investment bank.

In 1956, Soros immigrated to the United States, working as a trader and analyst until 1963. During that time, he developed his own theory of markets called 'reflexivity', which he has laid out in his recent books THE ALCHEMY OF FINANCE and THE CREDIT CRISIS OF 2008 AND WHAT IT MEANS. In 1967 he helped establish an offshore investment fund; and in 1973 he set up a private investment firm that eventually evolved into the Quantum Fund, one of the first hedge funds, through which he accumulated a vast fortune.