The News Review:
- Motley Fool | Investing: Cash Matters
- Saudi’s Tabuk signs deals for food investment abroad
- Learning about asset allocation
- IEA warns of energy investment slide
- Climate change summit hijacked by biggest polluters critics claim
Motley Fool | Investing: Cash Matters
Kitsap Sun
A: Well the stock market is often best for long-term investment appreciation but it should be off-limits. In the short run the stock market can go up — or down as 2008 reminded us. In the long run it has averaged about 10 percent per year but even that’s an average not a guarantee. Don’t risk money you’ll need within three to five (or even seven) years in stocks or you may end up able to afford only a corrugated aluminum shack. Short-term scratch should be kept in a safe place such as CDs or money market funds to protect your principal.
Saudi’s Tabuk signs deals for food investment abroad
Reuters
SE has startedpreparations to invest in food production abroad driving up itsstock. Tabuk signed a memorandum of understanding with localpartners a consortium called Jenat and the Arab Authority forAgricultural Investment and Development (AAAID) to set up anagricultural firm to invest abroad according to a statementposted on the Saudi bourse website on Saturday. It gave no more details. Tabuk shares rose 3. 2 percent by 1055 GMT. Food security has topped the policy agenda in the Gulf Arabregion following rampant inflation in 2008 that underscored thepeninsula’s dependence on imports and forced countries to investabroad to ensure supplies of staples like rice and wheat.
Learning about asset allocation
Seattle Times
Darst; McGraw-Hill 2008 ($39. 95)Covers historic market events investing instruments asset classes to create a diverse portfolio. • “The Winner’s Circle: Asset Allocation Strategies from America’s Best Financial Advisors”; Horizon Publishers Group 2006 ($21. 95)Serves up insights from 27 industry experts on how to build a diverse portfolio. Copyright © 2009 The Seattle Times CompanyMore Business & Technology headlines.
IEA warns of energy investment slide
guardian.co.uk
2 million bpd oil supply capacity seen delayed (Adds details) By Alex Lawler LNDN May 20 (Reuters) – The economic downturn is cuttinginvestment in energy supply raising the risk of higher pricesin future that could hamper any recovery the chief economist ofthe International Energy Agency said on Wednesday. Fatih Birol told Reuters in an interview the IEA adviser to28 industrialised countries expected oil and gas upstreaminvestment to fall 21 percent or about $100 billion in 2009from 2008 due to the global recession. “Energy investment is plunging” Birol said. “If these twocome together — a further cut down in the investment and aquick and strong recovery in the economy — we may havedifficulties in the oil market in a few years’ time. “This may mean higher prices and this will mean the globaleconomy which will be on the way to recovery might be badlynegatively affected.
Climate change summit hijacked by biggest polluters critics claim
guardian.co.uk
“But a report Irresponsible Energy produced by Greenpeace and others concludes: “Using ever greater quantities of energy to produce billions of barrels of otherwise inaccessible oil appears to be a strategy for disaster. It appears however Shell’s strategy. “In his address yesterday Ban said: “Continuing to pour trillions of dollars into fossil-fuel subsidies is like investing in sub-prime real estate. ur carbon-based infrastructure is like a toxic asset that threatens the portfolio of global goods from public health to food security. “Anders Eldrup chief executive of Danish state-controlled oil and gas group Dong Energy said businesses faced a big choice. “There are two tracks being discussed now one a tax on C2 and a cap and trade [the trading of permits by businesses]” he said leaning towards the carbon tax. Cap and trade calls for governments to issue pollution allowances or permits to businesses that can be traded on the open market.
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