September 29, 2009 – 7:43 am
China Investment Corp, a $200 billion sovereign fund, is set to spend $2 billion buying U.S. distressed assets from property to infrastructure via three funds, including one managed by Goldman Sachs, sources briefed on the plan said on Tuesday.
January 31, 2009 – 7:24 am
At the World Economic Forum in Davos, China and Russia placed the blame for the global economic crisis on the United States. Most Americans would agree, and so do many other world leaders.
January 15, 2009 – 9:25 am
Here is a list of the largest banks in the world at the end of 2008: 1. Industrial & Commercial Bank of China, ICBC (China) 2. Bank of America (US) 3. HSBC Holdings (UK) 4. China Construction (China) 5. Bank of China (China) 6. JPMorgan Chase (US) 7. Citigroup (US) 8. Wells Fargo (US) 9. [...]
December 22, 2008 – 6:42 pm
If subprime issues and tainted paper sold around the world didn’t start a global economic war a recent move might do so. Investors in bank debt are threatening to boycott lenders that follow Deutsche Bank in breaking an unwritten rule and failing to exercise a call option on subordinated debt. In a coordinated action, angry [...]
October 13, 2008 – 8:48 pm
This was submitted by a reader: LONDON (AP) – The British government injected an unprecedented 37 billion pounds ($63 billion) into some of the country’s leading banks Monday to avoid a full-scale collapse of the sector.
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