Word: rios
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Since then, the gangs have dumped the severed heads of other victims in front of suburban town halls. So Rojas (not his real name, which he asked to be changed for security reasons) took his family across the Rio Grande to live in an apartment in El Paso, Texas. "I feel fearful, impotent," he says. Worse, he adds, is the realization that the police in Juárez not only are incapable of stopping gangs but are "working with them. Our police institutions have been overrun by narcos. Changing that will take many years and some very big cojones." (See pictures...
Chinalco, China's huge metals company, recently spent $19.5 billion buying into global mining giant Rio Tinto (RTP). Rio needed the money to decrease its debt. There is speculation that China wanted to secure access to minerals. To that extent, the investment was a "strategic" one on China's part. The Australian government considered blocking the deal but did not. Perhaps debt-laden Rio made the case that it needed the money too much to help it through the economic downturn. (See pictures of China's electronic waste village...
...leverage as they might think. What Obama will find in Trinidad is that the embargo is "the single most unpopular policy in the hemisphere," says Erikson. And with or without democratic reform, Cuba is being brought back into the Latin American fold; last year it was invited into the Rio Group, one of the region's major organizations. Still, Erikson adds, most of Latin America has a positive impression of Obama, which will make it harder for the Castros to ignore or even rebuff his overtures. "They recognize that Obama is a genuinely new political phenomenon in the U.S.," says...
...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 in exchange for a secure future stream of oil and gas. (Overall, Chinese enterprises are on track to invest double the amount abroad this...
Considering how far mineral prices have fallen, some analysts believe Chinalco might actually be paying a premium for Rio Tinto assets. But BOC International's Xu says, "The price is much, much lower for the assets--particularly iron ore and copper--than it would have been just six months ago. This seems like a pretty good deal." And as long as commodity prices are depressed, Chinese companies will be Going Out, cash in hand, ready...