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Gulf Resources Q2 Revenue Preview: An Opportunity to Beat Consensus

Jason Nevader submits:

Gulf Resources (GFRE) will be reporting second quarter results in a little less than two weeks and the consensus analyst estimate of $36.97 million in revenues does not take into consideration Gulf's seasonal sales trends and bromine price increases. By my estimate, revenues could be $46.0 million in the quarter.

Hyundai Motor 2Q net profit soars to record $1.2B (AP)

Hyundai Motor Co.'s second-quarter profit soared 71 percent to a record high on a double-digit jump in global sales, including strong performance in the United States, China and emerging markets.

US business wants China currency bill dropped from package

WASHINGTON - More than 20 business groups have recently urged the exclusion of a bill on China's currency policy from a package of manufacturing bills that lawmakers will start voting on this week.
The Currency Reform for Fair Trade Act, also known as the Ryan-Murphy Bill, "will not bring manufacturing jobs back to the United States," the business groups said in a letter sent to House of Representatives Speaker Nancy Pelosi and Majority Leader Steny Hoyer.
"Instead, the bill will likely result in the loss of jobs and market share in many competitive US agricultural, manufacturing and service i

NetSol (NTWK) Set to Benefit from U.S. Investment in Pakistan’s Private Sector

On Monday, U.S. Secretary of State Hillary Rodham Clinton announced a series of programs to promote economic growth and job creation in Pakistan’s private sector. Clinton made the announcement following a visit to Islamabad, where she met with senior Pakistani officials to discuss strengthening U.S.-Pakistani relations. The programs will be administered by the U.S.

VisionChina Media Inc. Announces Second Quarter 2010 Results

Total revenues grow 36% sequentially to $31.8 million, exceeding previously provided guidance
Non-GAAP net loss narrowed to US$2.3 million, compared to a non-GAAP net loss of US$8.1 million in the first quarter of 2010

At Sprint Nextel, Signs of Progress, Despite Loss

The third-biggest wireless carrier in the U.S. reported a quarterly loss of $760 million, or 25 cents a share, from a year-earlier loss of $384 million, or 13 cents a share.


Syringes, Heart Stents Are Big Deal In China

Baseball is a far different game in Denver than in San Diego. The mile-high city's thinner air creates less friction for well-hit balls. Home runs abound. But try to slam one past the vast Petco Park's outfield. It's tough. In much the same way, different industries behave differently in the U.S. than in, say, China. The medical-products group is ranked a lowly 117th out of the 197 industries tracked by IBD, as of Monday's edition.

China ADR Wrap July 27, 2010

July 27, 2010 (Chinavestor) – Stocks were looking a tad overbought heading into Tuesday, a description fitting of both Chinese and U.S. issues. The Shanghai Composite (SHA:000001) snapped a seven-day winning streak to close lower by 0.5%. The Dow Jones Industrial Average barely extended its own winning run by adding a scant 0.1%. Hong Kong was the place to be on Tuesday as the Hang Seng Index tacked on 0.6%. The trio of ETFs that we track here at Chinavestor all finished the day lower, led by a loss of 0.54% for the PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ).

Chinese Energy Cleans Up Its Act

Brian Rezny submits:

Ten years ago, China's energy consumption was just half that of the U.S. But a lot can change in a decade, and a financial crisis can shift the global balance of energy needs.

Uranium Exec Voices Bullish Outlook (UEC, DNN, URZ, CCJ, USU, URRE)

Last week we noted some expert forecasts for a continued uranium supply glut that some believe will extend through 2012, but Uranium Energy (UEC) CEO Amir Adnani believes quite the contrary. In a letter to shareholders, Adnani said, “Throughout the industry, demand far exceeds supply on both a global and local-U.S.

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