The following is a report prepared by two stock analysts who were evaluating the investment potential of GMR Infrastructure,
The analysts were looking at GMR’s work on Terminal 3 – aka T3 at Delhi Airport – a symbol of the so-called “Modern and Bold India,”
In one of the few pieces of good news on the US financial / economic front,
Federal bank regulators have agreed to give the Federal Deposit Insurance Corporation unlimited authority to investigate banks,
clarifying the agency’s power, which was in question during the financial crisis.
The F.D.I.C.’s board recently approved an agreement between the agency and regulators at the Federal Reserve and the Treasury Department.
According to Magic Johnson, if LeBron James “wants to be a billionaire, or close to it, [he’s] gotta go to New York.”
Nike, however–the company that is LeBron’s top sponsor–believes that another destination is more vital for achieving this goal.
China.
In the run-up to James’ announcement he would join the Miami Heat to form – along with Dwayne Wade & Chris Bosh – a “super-team”
We remain a bit shaken by the report we ran earlier this week about the seemingly parlous state of the Chinese financial system.
But in the interim, it seems factories there are running full-out, and there is an on-going struggle to find workers.
If Wang Jinyan, an unemployed factory worker with a middle school education, had a résumé, it might start out like this:
As India prepares to adopt new import regulations designed to thwart spying and sabotage,
the country’s mobile phone operators say the costs of implementing the rules could squeeze their thin profits even further
and accelerate an impending wave of consolidation in the industry.
The proposed rules would require phone operators in India to have all foreign equipment they purchase inspected by third-party laboratories in the United States, Canada or Israel
Several people have asked why we haven’t covered the “stress tests” for EU banks, to which we reply:
The ones in the US were a joke – we have no reason to believe the ones in Europe will be any different, and here’s why:
So far this year, more than 100 banks in the US have failed, as regulators shut down banks in Georgia, Florida, South Carolina, Kansas, Nevada, Minnesota and Oregon.
The Japanese government has been accused of running slave labour working conditions after 27 foreign interns died in one year following months of working more than 16 hours a day.
The majority of the victims were in their 20s or 30s and were among an estimated 200,000 trainees from developing countries that are working here under the Japanese International Training Corporation Organisation.
The German banking giant Deutche Bank went all out to convince clients – including many small investors – to invest in a giant Ferris wheel project.
Then it turned out they decided not to invest in it themselves.
Nothing has actually been built, and everyone involved has lost money – EXCEPT Deutsche Bank, which appears to have done quite well on the deal.
Big Pharma is supposed to be an advancing sector, where jobs are plentiful for people with the right skill set.
But don’t tell that to employees at multi-national giant Merck, where about 15,000 of them have been told they’ll be getting the axe – if they haven’t been cut already.
The company plans to lay off about 15 percent of its work force over the next two years as part of a global merger restructuring, according to an announcement it issued earlier this month.
Because they laid off so many workers — more than two million since the end of 2007 — manufacturers now have a vast pool of people to choose from.
Yet some of these employers complain that they cannot fill their openings.
Plenty of people are applying for the jobs.
The problem, the companies say, is a mismatch between the kind of skilled workers needed and the ranks of the unemployed.
