Gulf coast countries, wary of the Euro Debt crisis and other factors, are choosing to invest at home rather than overseas.
Sectors
UPDATE: Bloomberg Removes Reporters Access
Bloomberg, in a response to a complaint made by Goldman Sachs, removes reporters access to its terminals.
Fresenius CEO Watching for New Deals
Fresenius CEO Ulf M. Schneider is on the lookout for deals for the expansion of the German group. Fresenius SE, the diversified healthcare group from Germany, has identified possible firms for ripe for takeovers.
Ma Steps Down as Alibaba CEO
Jack Ma, the Chinese billionaire steps down as Alibaba's CEO. Jack Ma, the Chinese Internet billionaire whose fortune comes from the decade long development of China's largest e-commerce company, the Alibaba Group.
UPDATE - Bloomberg CEO Calls Access to Journalists a 'Mistake"
Bloomberg CEO Daniel Doctoroff called the access to journalists fiasco a 'mistake'. Bloomberg LP CEO Daniel Doctoroff said, after receipt of reports that users of the company terminals were investigating potential leaks of information, said that the company committed a 'mistake' by providing journalists access to data on a client's terminal usage.
Latest News
Swiss Finance Minister said that the government would be debating on the issue of bank secrecy on two specific points.
Shanghai Volkswagen would build a 12.08 billion yuan factory located at the Changsa Economic and Technological Development Zone.
Host British finance minister said that the G7 officials meeting is aimed to discuss continued reforms.
The EBRD is thinking of going directly to the small business man to help jumpstart the European economy.
Icahn, seeking to fight off the Dell-Silver Lake bid, is asking investors to dig deep and put their money on the computer maker.
German exporters face tough hurdle because of the Yen's continued depreciation. The big exporters of Germany are facing a new difficulty from its Japanese competitors following the quick depreciation of Yen as against the Euro.
Delinquent loans from many countries from the former Soviet bloc are impeding the growth and development of these countries and the region.
In a move to restructure its banking industry, the Greek Central Bank is closing down FBBank. Greece, in a bid for housecleaning, has split one of its smaller lending institutions into 'good' and 'bad' parts.
Russia's Finance Minister says there is a need for Russian Parliamentary approval for any terms changed on the loan.
