Same Bat Time, Same Bat Place
Article :
April 2008
When an imminent bank blowup threatens to singe the entire global financial system, who gets a call on their bat phone? As it turns out, the heads of all the top institutions around the world, from Dubai to Shanghai – in addition to the usual suspects on Wall Street. But for all this “speakerphone diplomacy,” the real power still lies in the hands of a select few. So, who belongs to the star chamber and who does not? For the answer, look no further than last month’s fateful Easter Sunday and the conference call that heralded the buyout of Bear Stearns. From the New York Times today, an excellent, fly-on-the-wall retelling.
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Bear Scare To Drive Off SWFs?
Article :
March 2008
By all accounts, single white females are still spending up a storm, but that other, more discriminating SWF – the sovereign wealth fund – may have had it with the banks after Bear Stearns’s descent into hell. A tale of how one firm narrowly sidestepped disaster.
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The Trip of a Lifetime for Investors
Posting :
Mark Whistler
:
02/20/2008
Investors seeking to explore the investment possibilities in China might love this journey in April!
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The Courtship
Article :
February/March 2008
When it came time for Executive Centre CEO Paul Salnikow to find a partner, he turned to Marathon Asset Management, a deep-pocketed tenant who was familiar with his space.
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Bank Woes, Bad Monster Movies
Article :
January 2008
As the FT notes today, it’s like a financial version of “The Blob” — every time you think the subprime monsters are receding, they just come back bigger and stronger. Case in point: despite China’s distance from the vortex of the credit crunch, it’s finding out it is hardly impervious today, as reports pile up that the country’s largest bank may face write-downs on U.S. mortgage securities dwarfing the amount it originally expected. A roundup on what’s happening and what might be just around the corner.
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Clash Of The Titans
Article :
December 2007
It doesn’t take a genius to see China’s been on a resources-gobbling tear. It pines for mines the way a drug addict fiends for methadone. So no wonder it has its eye on Rio Tinto Group. But so does BHP Billiton, which is brandishing a cool $134 billion. Does China have that kind of lumber to compete? Sure it does (somewhere) but first its steelmakers, which consume more iron ore than anyone else in the world, have to a) unite and b) block BHP’s bid. Can it be done? The market, for one, has already cast its vote.
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A Good Day For Tarring, Feathering
Article :
November 2007
But just who will end up being tarred and feathered tonight remains to be seen at a face-off Harvard students are supposedly planning against UBS at a bank recruiting event. Here, the skinny on the students’ alleged beef. (We’d really rather not go into it ourselves, seeing as we’d 1) like to not get sued and 2) would rather not give succor to another lame, Ivy League anti-whatever demonstration.
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Backing Off The Bear
Article :
October 2007
So much for scrounging for big tips on Wall Street goings-on by attending Communist Party conclaves. We’re never doing that again. It turns out that a statement made by China’s Banking Regulatory Commission vice chairman about Citic Bank being interested in buying a Bear Stearns stake at just such a conclave was a false alarm. Still, Citic had some interesting things to say about its chats with Bear.
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On Economic Freedom, Gini Coefficients
Article :
October 2007
How is it that Hong Kong has a pegged currency, the only state-owned Disneyland, a leader who's selected by China, a handful of oligarchs towering over it – and yet is somehow the world's freest economy?
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Blackstone, China – Any Questions?
Article :
September 2007
Well, it doesn't take a genius to see everybody's headed east. And while a little late to the party, Blackstone has finally landed its first tres de rigeur Chinese investment.
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China Citic May Raise $5.7B in IPO
Article :
April 2007
China Citic Bank Corp may raise as much as $5.7 billion in a simultaneous Hong Kong and Shanghai initial public offering, the world's largest stock sale so far this year, three people with knowledge of the details said.
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China's ICBC Passes Bank of America in Market Value
Article :
March 2007
Industrial & Commercial Bank of China Ltd overtook Bank of America Corp as the world's second-most valuable financial firm, even though the Beijing-based company earns about one-third the profit.
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Henderson Land To Buy Henderson Investment Assets
Article :
March 2007
Henderson Land Development Co, a builder controlled by Hong Kong billionaire Lee Shau-kee, said it will buy assets from its investment arm for about HK$12.1 billion (US$1.6 billion), after twice failing to buy out the unit.
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Gung Ho Fat Pigs
Posting :
Heather Flick
:
02/20/2007
Sunday marked the Chinese Year of the Golden Pig. But with the recent run up in China's markets, will the New Year continue to nourish hungry traders, or are the hogs getting fattened for the slaughter?
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Cross-Border Bonanza
Article :
March/April 2007
At the large banks and private-equity funds, 2006 was the year big bonus checks took on an international flavor. Our exclusive survey provides some hard numbers. SCROLL DOWN FOR THE DATA.
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