China is making huge economic investments in Africa — a win-win or natural resource exploitation?
Roundtable probes the politics of China’s large-scale investments in Africa
Category: Finance
Car giant Ford is to sell its luxury UK-based car marques Jaguar and Land Rover to Indian company Tata. Tata, India’s biggest vehicle maker, is likely to pay about $2bn (£1bn) in the deal, although analysts will be keen to see the exact price and terms.
Microtransactions in Games – good or bad? Clearly, both. Here is a viewpoint against it!
“Visa Inc., the largest payment-card network, set a record for U.S. initial public offerings today by raising $17.9 billion, more than expected… It values the entire company at $42.5 billion.”
“The IPO eclipses AT&T Wireless Group’s $10.6 billion stock offering in 2000 and ranks second in the world after the $22 billion debut in 2006 of Industrial & Commercial Bank of China Ltd.” – Bloomberg
Visa Raises $17.9 Billion in Record-Setting U.S. IPO
Update: Visa sold additional $1.8 billion worth of IPO shares bringing the total tally to $19.7 billion. (Source)
“Software went through a period where it got way too complex. We have a concept that focuses on simplicity…”
“The U.S. has finally slid into recession, according to the majority of economists in the latest Wall Street Journal economic-forecasting survey, a view that was reinforced by new data showing a sharp drop in retail sales last month.”
Most economists say recession has arrived as outlook darkens
The complete WSJ economists survey
Yahoo! has confirmed sending a rejection letter to Microsoft for their $44.6 billion take over offer stating that Microsoft has greatly undervalued it. Instead Yahoo! is reconsidering a deal with AOL after rejecting an earlier offer from them.
Yahoo confirms rejection letter to Microsoft
Yahoo! set to revive merger talks with AOL
Related post: Microsoft offers to buy Yahoo for $44.6 billion!
The researchers discovered that feeling down triggers self-centered thinking. This egocentrism augments the likelihood that some one spend more money than usual for an item, in order to make them feel better.
Depression Leads To Egocentrism Which Augments Money Spending
Related post: The consumer paradox
“Microsoft Corp., the world’s biggest software maker, made an unsolicited $44.6 billion offer for Yahoo! Inc. to challenge Google Inc.’s dominance in Internet search services and advertising.The $31-a-share bid of cash or Microsoft stock is 62 percent more than Yahoo’s closing price yesterday. Before today, Yahoo had dropped 18 percent this year in Nasdaq Stock Market trading, and said this week that fourth-quarter profit fell 23 percent.” – Bloomberg
“The U.S. Federal Reserve on Tuesday slashed U.S. interest rates (the overnight rate at which banks lend each other) by a hefty three-quarters of a percentage point, the biggest rate cut in more than 23 years, in an emergency bid to lend support to a U.S. economy some fear is on the verge of recession… The last time there was a rate cut of at least three-quarters of a point was in October 1984.” – Reuters
The interest rate cut has steadied the global markets which were previously in a free fall.
As a result of Fed’s rate cut, the CBOE Market Volatility Index (VIX) (so-called stock market fear gauge) spiked to its highest level seen since the end of the previous bear market before paring gains, as the major stock market indexes bounced off earlier lows.