Tag Archive
Hutchison Telecoms Gain May Be Tempered By Taxes – US-FOREX.US
HONG KONG – The best hope for money-losing Hutchison Telecommunications International to return to black ink for the second half of this year is the long-awaited sale of its Partner Communications in Israel for nearly 1.4 billion.But Hutchison Telecommunications International shareholders held their applause on the sale of Partner Communications on Thursday. Shares of Hutchison… »
Chinas Huge Construction IPO – US-FOREX.US
China’s largest state-owned construction company has just trousered 50 billion yuan from investors. That is 1 billion more than it was expecting. China State Construction Engineering Corp raised that sum by way of an initial public offering of 40% of its A-shares on the Shanghai exchange. The offering was priced at the top of the… »
Pricey Relief For Mechel – US-FOREX.US
Sinister comments from Russian Prime Minister Vladimir Putin last summer triggered fears that Russian steel titan Mechel could be the next Yukos. Now the firm of billionaire Igor Zyuzin has succeeded in refinancing some 2.6 billion in short term debt, in a move that has caught the market by surprise and bucks the trend of… »
Legg Masons Cautious Forecast – US-FOREX.US
At the end of 2008, money managers from across Legg Mason said that absent the U.S. and the world economies falling into a severe depression, the chances were good that the U.S. equities markets would rally in 2009. For months, Legg’s best minds, including William Miller of the Legg Mason Value Trust and Harry “Hersh”… »