Word: expo
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...about their northern neighbor's success that local officials had to be reminded to put up signs congratulating Beijing after it nabbed the Games last year. Now, Shanghai has a marquee event of its own to celebrate. Last week, the city won the right to host the 2010 World Expo?adding another bauble to its gaudy and growing list of tourist attractions. Already under construction is the world's first commercial magnetically-levitated train line. Shanghai also aims to develop the world's tallest building by 2007, and last week, the city was reportedly close to landing a deal...
...will Credit Suisse match that? The logical place to start is Winterthur, where Credit Suisse has had to inject an extra €.5 billion in capital this year. Mack says much hard work has already been done. The unit has altered its asset mix - reducing its equity expo-sure and putting more money into bonds and cash. Credit Suisse also last week appointed Leonhard Fischer to head Winterthur. Does Fischer - who ran investment banking at Germany's Dresdner Bank - have the right background to run an insurance firm? Says Mack: "We have a lot of insurance experts. What we need...
...Governors from agriculture states - especially Minnesota's flamboyant Jesse Ventura - were in full force at the expo, and all called for an eventual end to the embargo. And ironically, Florida, the seat of the embargo's staunchest Cuban exile support, was the most heavily represented - at least by business if not by Gov. Jeb Bush, who had publicly chastised Ventura for attending the event. "This trip has been an emotional roller coaster for me," said Carlos de Quesada, 34, the son of Cuban exiles who represents a Tampa livestock shipment firm, Cuba-Florida Cattlemen, and who was himself making...
...angrily denies. "Millions of tons of food have been distributed free to six million people" since a hurricane ravaged the island last November, insisted Castro, who reveled in feeding U.S. livestock for photographers. If Cuba can't pay for any of the food purchases it signs for during this expo, he said, "we'll give [Cason] $100 million." (Cason had no reply...
...Disputes were overshadowed by deals at the expo, however, as U.S. companies inked new multi-million-dollar pacts with government-run hotels, restaurants and supermarkets, as well as foreign-run enterprises on the island. Some reasoned that engaging Cuba economically will, in the long run, help transform the country democratically. Michael Walter, 33, president of Splash Tropical Drinks in Ft. Lauderdale, Fla., was poised to sign a marketing partnership in Cuba and the Caribbean with Cuba's state-owned rum company, Havana Club. "If a country is a threat to us, that's one thing, but I don't think...