News You Can Use for Tuesday
Oil Rises to Record, Nearing $88, on Concern Turkey May Attack Iraq Kurds Crude oil rose to a record, nearing $88 a barrel, because of concern Turkey may attack Kurdish militants in Iraq and disrupt shipments.
Treasury Chief Aims to Steady Credit Markets Two months ago, when credit markets around the world were freezing up in panic over failed mortgages, Treasury Secretary Henry M. Paulson Jr. said that he was confident investors would work things out for themselves. ... But in a sign that administration officials are more worried about underlying problems in the markets than they had previously let on, Mr. Paulson and other top Treasury officials are prodding and pushing Wall Street firms and the mortgage industry to come up with solutions — and helping devise some of them as well.
Paulson Pressured by G-7 Demands to Shore Up Dollar, Ailing Credit Markets A former Master of the Universe like Henry Paulson doesn't often find himself on the defensive. At international meetings this week in Washington, he will be.
Hong Kong Stocks' `Obscene' Discount to China Shares Lures Mobius, Baring Hong Kong's most expensive stock market in three years looks cheap to investors at Templeton Asset Management Ltd. and Baring Asset Management Inc.
China's $200 Billion Fund May Get More Currency Reserves for Investments China Investment Corp., which manages the $200 billion sovereign wealth fund, said it may get more of the nation's record currency reserves to invest based on returns.'
ICICI Venture to Raise $2 Billion For India's Biggest Real Estate Fund ICICI Venture Funds Management Co., a unit of India's most valuable lender, plans to raise about $2 billion for the nation's biggest real estate fund, tapping a market that's estimated to grow fivefold in a decade.
India's Economy Is at `Take-Off' Stage, Poised to Accelerate, Lehman Says India's economy is at a ``take-off'' stage and is poised to grow as much as 10 percent a year for the next decade, Lehman Brothers Asia Ltd. said.
Treasury Chief Aims to Steady Credit Markets Two months ago, when credit markets around the world were freezing up in panic over failed mortgages, Treasury Secretary Henry M. Paulson Jr. said that he was confident investors would work things out for themselves. ... But in a sign that administration officials are more worried about underlying problems in the markets than they had previously let on, Mr. Paulson and other top Treasury officials are prodding and pushing Wall Street firms and the mortgage industry to come up with solutions — and helping devise some of them as well.
Paulson Pressured by G-7 Demands to Shore Up Dollar, Ailing Credit Markets A former Master of the Universe like Henry Paulson doesn't often find himself on the defensive. At international meetings this week in Washington, he will be.
Hong Kong Stocks' `Obscene' Discount to China Shares Lures Mobius, Baring Hong Kong's most expensive stock market in three years looks cheap to investors at Templeton Asset Management Ltd. and Baring Asset Management Inc.
China's $200 Billion Fund May Get More Currency Reserves for Investments China Investment Corp., which manages the $200 billion sovereign wealth fund, said it may get more of the nation's record currency reserves to invest based on returns.'
ICICI Venture to Raise $2 Billion For India's Biggest Real Estate Fund ICICI Venture Funds Management Co., a unit of India's most valuable lender, plans to raise about $2 billion for the nation's biggest real estate fund, tapping a market that's estimated to grow fivefold in a decade.
India's Economy Is at `Take-Off' Stage, Poised to Accelerate, Lehman Says India's economy is at a ``take-off'' stage and is poised to grow as much as 10 percent a year for the next decade, Lehman Brothers Asia Ltd. said.
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posted by Sean Brodrick @ 7:03 AM
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