The vultures are picking at AIG’s bones.
China Life said it is interested in buying the Asian assets of AIG. “We want to buy parts of AIG’s business, especially those in areas of Asia such as Hong Kong, Singapore and South Korea.”
My view: China Life will be sorry!
From the monthly archives:
November 2008
Citigroup is getting a big dose of government handout because of its portfolio of toxic debt. $306 billion worth.
Citigroup is going to dump a bunch of its crappy assets but one category it wants to hold on tight to is its emerging markets assets.
“Our emerging markets franchise is the core of the [...]
Starbucks warned last night that 2009 would be a very tough year.
“As a retailer that is dependent upon consumer discretionary spending, the Company expects to face an extremely challenging fiscal 2009 because of these economic conditions.”
Starbucks did say that it expects to end 2008 with 20 fewer stores in the U.S. [...]
JA Solar, one of China’s largest solar power companies, jumped by 51% on Monday…on no news.
I know the Dow jumped by 396 points on Monday, but a 51% jump is pure speculation and a dangerous thing to chase.
I need to exercise some caution with my remarks about China because I don’t want to get on the bad side of the Chinese government.
That is exactly what happened to the rock group, Guns N Roses, whose album has been banned in China.
“Blame it on the Falun Gong, they’ve seen the end [...]
Venture Capitalists poured $964 million into 59 deals in Q3, a 22% increase from the $790 million invested in 73 deals during the same period last year.
Year-to-date, $3.3 billion has been invested in Chinese businesses.
The Chinese stock market and economy may be down, but it is far from out. There are [...]
Huang Guangyu, China’s richest man with an estimated net worth of $6 billion, has been detained by police amid allegations of securities fraud.
Guangyu built from scratch one of China’s largest companies, home appliance retailer Gome Electrical Appliances. Gome stores are all over China and prospered during the Chinese real estate boom.
Trading of [...]
We try to use technical analysis for forecasting, but it’s better used as a rear-view mirror. Here is a daily chart of gold by the numbers … #1 – the second part of a double-top. This signaled (in retrospect) gold’s upcoming, steep decline.
#2 – a pivot point. Measuring from 1 to 2, [...]
I am sad to say that the Chinese are doing a better job of goosing their economy than we are. Not only is China increasing spending, it is also lowering income taxes.
China’s Yi Jianlian scored 27 points to power the New Jersey Nets to a 112-95 win over the lowly Los Angeles Clippers on Saturday.
