Due to issues on informal settlers, trees and others, the construction of the Posco steel plant has been suspended.
Industry
Rinehart Fortune Comes to a Head
John Hancock and sister Bianca Rinehart sues to remove their mother as trustee of the Hope Margaret Hancock Trust.
Einhorn Makes Forecast at Sohn Confab
Einhorn of Greenlight Capital gives advice and provides fearless forecast. David Einhorn is one of the most observed hedge fund managers in the industry.
Increasing number of Hedge Funds going into municipal debt
More and more hedge funds are infusing money into cash strapped municipal governments. In the last twenty years, specialized private equity firms have lorded corporate bankruptcies, being called 'vultures' and at the same time infusing capital for these distressed companies.
Sub-Saharan Africa Sells Bond Market
Sub Saharan Africa a hotbed for bond yields according to Goldman Sachs. Many Sub-Saharan countries, aside from South Africa, have sold nearly US$7 billion in debt for the year.
Latest News
Asian nations issue statement to avoid mistakes that lead to 1997 currency crisis. Major regional economies in Asia need to be on guard against execssive risks and asset bubbles boosted by efforts of central banks efforts to build economic growth.
EU advises France to lower its budget deficit. Michel Barnier, the EU Internal Market Commissione advised the French government to undertake its planned reforms.
Wall Street is expecting the Federal Reserve to continue implementing its stimulus program. Wall Street is urging the Federal Reserve to purchase a total of US$1.
Loans remain the safest route for financing during unstable markets. A crackdown on bank lending similar to regulations have not barred corporate funds from plunging itself into the loan markets.
Junk rated companies are riding the crest of yield seeking investors, regardless of the risks. The current European economic crisis has moved a rate cut this week, but this did not hinder the unstoppable search for profit from many fund managers.
Buyout flipping means private equity funds sell and buy assets from one another, which to many looks like recycling in order to generate funds.
More and more banks are incensed with deals done privately instead of the normal auction process conducted.
Charlie Ergen may be the face of Dish Network but Tom Cullen is the muscle behind the push for wireless technology.
From Omaha, Nebraska, Warren Buffett said he won't sell IBM shares despite missed earnings expectations for the quarter.
