Word: exchangee
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Another survival strategy: sell stakes in your bank to foreigners, so you can tap their capital and expertise. "With foreign partners, we can think 'O.K., you are the competition, but we are friends, so let's share experience,'" says Trung of Sacombank, which has three foreign partners, including ANZ, holding...
While foreign banks gear up and local private banks seek partners, Vietnam's state-run banks are also adapting. Four are set to be partially privatized this year and will list on the stock exchange, beginning with Vietcombank in a few months, according to Le Duc Thuy, governor of the...
In May 2006, Business Week profiled Anshe Chung, a Second Life user who had made $250,000 USD in virtual Linden Dollars. Chung could exchange this for American dollars on the LindeX Currency Exchange that Linden Lab operates through PayPal. Such singular concern for profit does not make Second Life...
Christopher James Bishop, 35, taught German at Virginia Tech and helped oversee an exchange program with a German university. Bishop decided which German-language students at Virgina Tech could attend the Darmstadt University of Technology to improve their German. "He would teach them German in Blacksburg, and he would decide...
But while U.S. authorities have thwarted Gates' subjugation of the PC software business in recent years, Mexico has done precious little to rein in ubiquitous business empires like Slim's - which today accounts for almost half the Mexican stock exchange's $370 billion value and controls a horde of industries...