Investment News
Caixin Online: Chinese cities compete to host foreign PE funds
As competition among private-equity firms, such as Blackstone and TPG, heats up in the Chinese market, major cities there are fighting each other to host the funds, in hopes of big returns for their local economies, reports Caixin Online.
Categories: Investment News
New Zealand Assesses Quake Damage
New Zealand could spend at least $1.4 billion on repairs following Saturday's 7.1-magnitude earthquake, which damaged more than 500 buildings and houses in the city of Christchurch and set off aftershocks that continued to shake the region.
Categories: Investment News
New Zealand faces quake aftermath
New Zealand extends a state of emergency following Saturday's earthquake, while insurers attempt to quantify the damage.
Categories: Investment News
KT Sets iPhone Date
South Korea's KT Corp. will start selling Apple's iPhone 4 in the country on Sept. 10.
Categories: Investment News
Craig Stephen's This Week in China: Hong Kong faces real-estate showdown
It's near impossible to ignore the Hong Kong property market, as another record land auction last week keeps real estate firmly in the focus of policy makers and investors. But, asks Craig Stephen: Will Hong Kong's government act?
Categories: Investment News
Afghans Move to Bail Out Kabul Bank
Afghanistan's government inched closer to bailing out the country's largest bank, setting aside hundreds of millions of dollars that could be used to keep Kabul Bank solvent, officials said.
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NewsWatch: July's trade balance data may unravel mystery
A fresh set of trade data to be released will be eagerly cross-examined by economists after last month’s report proved a cipher.
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George Clooney's 'The American' Tops Labor Day Box Office
George Clooney's "The American" shot past rivals at the box office over the Labor Day holiday weekend.
Categories: Investment News
BIS Questions Growth Tradeoff
Sustained debt reduction need not be a cause of weaker growth in the aftermath of a crisis, as long as policy makers fix the problems that caused the turmoil in the first place, the Bank for International Settlements said.
Categories: Investment News
Samsung Flags Expansion
South Korea's Samsung Electronics is considering investing a record $25.55 billion next year to bolster its existing operations and expand into new business segments.
Categories: Investment News
Earl loses strength over Canada
Once a hurricane, Earl has lost energy and its tropical-storm punch over Canada, according to U.S. government forecasters.
Categories: Investment News
Mark Hurd Discusses A Top Role at Oracle
Mark Hurd, who resigned as chief executive of Hewlett-Packard last month, is in talks to join Oracle as a top executive.
Categories: Investment News
UPS Plane Had Smoke in Cockpit
Investigators said a UPS cargo plane that crashed in Dubai shortly after takeoff Friday had smoke in the cockpit and was struggling to maintain altitude.
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Craigslist Adult Ads: "Censored"
The Adult Services section of Craigslist has been removed and replaced with the word "censored" since Friday night.
Categories: Investment News
Wall Street's New Power Broker
A former numbers-cruncher at Ford Motor is now one of the most powerful people on Wall Street, whose opinion can sway fortunes and scuttle empires.
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BP Evidence Raised From Gulf
Investigators looking into what led to the BP oil spill in the Gulf of Mexica are a step closer to answers now that the well's blowout preventer has been retrieved.
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Rosneft Taps New CEO
The board of Rosneft nominated Eduard Khudainatov as the new head of the state-controlled oil major, less than a day after Russian President Dmitry Medvedev's ordered his appointment.
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Hon Hai Cuts Target for Long-Term Sales
Hon Hai is lowering its long-term target for annual sales growth to 15% from twice that level previously, Chairman Terry Gou said.
Categories: Investment News
Stocks to Watch: Stocks to watch: Casey's, Phillips-Van Heusen
Among the companies whose shares are expected to see active trade in Tuesday's session are Casey's General Stores Inc., Phillips-Van Heusen Corp., and Flow International Corp. U.S stock markets are closed Monday for the Labor Day holiday.
Categories: Investment News
ETF Investing: Copper, currency gains fuel Chile ETF's rally
A rebound in copper prices and a strengthening local currency have pushed an exchange-traded fund tracking Chilean stocks into the top ranks of the emerging markets category.
Categories: Investment News