Thursday, July 26th, 2007
Korean Economy Soars, Credit Rating Improves
Staff Reports
The economy of South Korea grew at a 1.7% pace in the second quarter, its fastest performance in 18 months and one that induced Moody’s Investors Service to boost that Asian nation’s credit rating. And that, in turn, caused Korean stocks and its currency to rise in value. Moody’s boosted Korea’s credit ratings to A2, the first increase in five years, while the Korean Won soared to its highest level since 1997. For the latest up-to-date profit opportunities in Asia, take a look at Money Morning’s latest research report.
Jim Rogers: China’s Expansion Depends on Water
Oil isn’t China’s most precious resource. China must spend $162 billion in the next five years to clean up its polluted rivers-as nearly 40% of them are undrinkable. "China has a huge water problem," Legendary investor Jim Rogers says. "…If they don’t solve it, or if they don’t solve it in time, then China has failed." Find out which six global water treatment powerhouses are set to make “liquid profits.”
