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Investors Buy into China Netcom

Online Stock Market Trading by Andrea Niem

The start of a new week on Wall Street has investors wondering if the stock market is indeed recovering after rallying in response to the Federal Reserve's intervention on Friday, day reprieve from weeks of losses. Food Prices Fuel China Inflation Fears Grocery shopping has become a painful experience for Zhang Xueyi. Meat prices have risen 50 percent in the past year, and eggs and other products are not far behind, old railway technician's family to spend a third of its $400 monthly income on food.

Stock Investing Course China Netcom raised more than $1 billion from its initial public offering, while South Korea has acted to jumpstart its economy.

The main question on investors' minds is whether China will be labeled in the treasury report as a currency manipulator.

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Stock Investing Game Nov 14, 2004 (AXcess News) Hong Kong - China Netcom (NYSE: CN) raised more than $1 billion from its initial public offering, while South Korea has acted to jumpstart its economy.

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Journal Prime Rate Street Wall China Netcom, the country's leading fixed-line phone operator, will use proceeds from its initial public offering to expand its network and pay off bank loans.The company sold about one billion shares at $1.9 each, and the shares start trading on the New York Stock Exchange in the United States and on the Hong Kong Stock Exchange this week.

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Stock Market News Paul Budde, a telecommunications analyst in Australia, says investors were drawn to the stock because they felt Netcom's extensive network will outweigh any difficulties of doing business in China.

Stock Investing Basics "The simple reason is its huge potential and that people take the risk to accept the uncertainties that any investment in China brings with it," said Mr. Budde.

Stock Investing Software The South Korean government plans to pump up the country's sagging economy, unveiling a $9 billion stimulus package.Advertisement

Stock Market Trading Pending parliamentary approval, the plan's broad focus is on building highways and housing and boosting the technology sector. The government hopes the stimulus package will keep South Korea's growth rate around five percent.

Stock Investing For Dummy Weak domestic demand and high oil prices are hurting South Koreans' confidence, especially among manufacturing companies.

Stock Market Crash One of the largest outsourcing companies in India has changed hands for $500 million. United States giant General Electric off-loaded its outsourcing operation to two U.S. equity investment firms. It is the biggest take-over in India's expanding outsourcing industry.General Atlantic Partners and Oak Hill Capital Partners each bought equal stakes in G.E. Capital International Services. G.E. sold its 60 percent stake because it wants to streamline its business.

Stock Investing Tip Source: Voice of America

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