Word: africas
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...Once shy of making major foreign investments, Beijing has gone on the prowl for resources and underpriced assets across the globe. Cash-rich Chinese companies, backed by soft loans from state banks and re-energized by lower labor costs as jobs dry up, are descending on Central Asia, Africa and even Western Europe to snap up assets. State mining company Chinalco has tabled a $19.5 billion bid for British-Australian resources giant Rio Tinto. Beijing has launched a fund to buy distressed assets worldwide, inked a deal with Brazil's Petrobras and provided Russia with a $25 billion loan...
...identified himself as ATM Reza, said that he had persuaded one pirate to go to the engine room, where he overpowered the pirate, stabbing him in the hand and tying him up. (Photographer Jehad Nga offers a rare glimpse of the men who plunder the east coast of Africa...
...identified himself as ATM Reza, said that he had persuaded one pirate to go to the engine room, where he overpowered the pirate, stabbing him in the hand and tying him up. (Photographer Jehad Nga offers a rare glimpse of the men who plunder the east coast of Africa...
...fiscal period ending in February of this year, which spokeswoman Josiane Kremer attributes to the firm's expansion into high-growth emerging markets such as Eastern Europe, Russia and China, as well as market share gains in North America. (See pictures of trade between China and Africa...
...industrial output may be expanding again. Home sales are also showing signs of recovery, as is lending. Even the stock market, which had plunged by some two-thirds from its peak in 2007, has clawed back 25% in the last few months. (See pictures of China's investment in Africa...