- Brazil's Vale to List in Hong Kong on Dec.8
The Sao Paulo-based Vale said it would list about 652 million common shares and class A preferred shares on the financial hub’s bourse, making it the largest listed foreign company in non-financial sector.
- 71 SOEs Still Remain Operation in Property
Only seven SOEs have sold their stake in less than 20 property firms after the government ordered 78 SOEs with no core businesses in the real estate industry to hand in a withdrawal proposal in March.
- India or China?
China’s authoritarian politics means that it cannot profit from the innovations that depend on software, as that is an instrument through which dissent can flourish and become subversive of total control.
- GIC Becomes Second Biggest Share Holder of CICC
The Government of Singapore Investment Corp will become the second-largest share holder of China Investment Capital Corporation (CICC) after it receives a substantial stake from Morgan Stanley for its exit.
- The Retreat of Macroeconomic Policy
The monetarist-Keynesian post-WWII near-consensus, which played such a huge part in making the 60 years from 1945-2005 the most successful period for the global economy ever, may unravel nonetheless.
- The Irrepressible 1930's
The failure of the G-20’s Seoul meeting to make any progress towards agreement on exchange rates or future reserve arrangements opens the door to a re-run of the 1930’s.
- Dangdang to Raise $204Mln via U.S. IPO
Dangdang expects to raise 204 million U.S. dollars via its 17 million American depositary shares of U.S. IPO on the estimated date of Dec. 8.