Word: june
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...Such examples of excessive investor ardor for new Chinese stocks aren't hard to find. Shares of Chinese water-treatment-equipment supplier Duoyuan Global Water soared 37% on June 24, its first day of trading on the New York Stock Exchange. Back in Hong Kong, Chinese thenardite producer Lumena Resources (thenardite is a key ingredient in powder detergents, textiles, glass, chemical feedstock and pharmaceuticals) rang up 19% in gains on June 17. On June 22, the IPO of China Metal Recycling closed 22% higher. (See pictures of China's infrastructure boom...
When Yao Ming went down during the third game of the Houston Rockets' Western Conference semifinals series vs. the Los Angeles Lakers on May 8, the big man moaned and slapped the floor. Now it is Chinese fans' turn to grimace after a team doctor announced on June 29 that the stress fracture in the Chinese basketball player's left foot is more serious than previously feared, and could even end the 7-ft. 6-in. center's career...
Japan's hard-hit economy this week got a double dose of mildly good news. According to official figures released June 29, Japanese industrial output jumped nearly 6% in May, matching the largest monthly increase since 1953. And on July 1, the much-watched tankan survey, which measures sentiment among Japan's largest manufacturers, improved for the first time in two-and-a-half years, indicating confidence in the country's economic prospects is starting to grow...
...President Manuel Zelaya, whom they fondly call "Mel." One hundred yards away, marchers in neat white T shirts and designer sunglasses calmly sing the country's national anthem. They accuse Zelaya of being a polarizing class warrior. And they applaud the troops who stormed his house the morning of June 28 and flew him out of the country in his pajamas...
...power, he drew close to Venezuelan President Hugo Chávez and quickly copied his formula for popularity: giving handouts to the poor and blaming all the country's problems on the rich. Amid rising crime and a spluttering economy, the establishment turned on Zelaya. The flashpoint came in June, when he called for a nonbinding referendum on changing the constitution to allow Presidents to stand for a second term. The Supreme Court ruled the vote illegal and soldiers whisked Zelaya away before it could take place, leaving Congressman Roberto Micheletti to be sworn in as the new President. (Read...