Aly Song/ReutersHONG KONG (Reuters) - More wealthy Chinese are ploughing money into technology start-ups which are increasingly seen as a safe haven as the slowing economy eases hopes of extracting returns from traditional investment such as stocks, property or gold.
TORONTO — Canada’s biggest pension funds say they are walking away from more and more global infrastructure deals, citing concerns that intense competition for assets has driven valuations too far.
The shift could help cool global prices for tunnels, airports, toll roads, energy networks and other infrastructure as Canadian pension plans are among the world’s biggest and most active buyers.
NEW DELHI: Motherson Sumi Systems (MSSL), India's largest auto parts maker, is doing a due diligence on three auto component makers in Europe for possible acquisitions, its chairman Vivek Chand Sehgal said. Move, according to Shegal, is aimed at achieving a threefold increase in revenues in five years. The company has set a revenue target of $18 billion by 2020. It's revenue currentlyis $5.5 billion .
NEW YORK (Reuters) - AT&T Inc will buy Leap Wireless International Inc for $1.19 billion, paying almost double the current value of the prepaid mobile service provider as major U.S. carriers scramble to acquire valuable wireless spectrum.
Top Chinese banks are involved in Ponzi financing of investment deals, offering interest rates over 7% to depositors, to finance real estate projects gone bust and other projects whose assets are not even disclosed.
Banks label these schemes "Wealth Management Products" (WMPs) but any individuls foolish enough to invest in them are going to lose money, perhaps all of it.
Late last month we outlined an IBTimes report which showed that Goldman Sachs paid nearly a quarter of a million dollars to Bill Clinton for a speech before lobbying the State Department (then run by Hillary Clinton) on legislation tied to the Export-Import Bank which would eventually approved a loan to a Chinese company that subsequently placed a $75 million purchase order with a Goldman-owned aircraft manufacturer.
BRUSSELS: Greece and its international creditors are making progress towards finalising a third bailout accord designed to keep Athens in the eurozone in return for yet more tough economic reforms. Officials believe an agreement on terms for the deal can be reached soon, possibly on Tuesday, and end a long-running crisis which has raised serious concerns about the future of the single currency. - What is being discussed in Athens?