Word: sovereigns
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Palin is not alone in seeing Russia as the provoker—not the provoked—as a country seeking to regain its former empire, to invade sovereign countries on a whim, to send a message to the world that it’s back...
...stake in Morgan Stanley, one of two major U.S. investment banks left standing. The announcement capped a frantic few days during which Morgan Stanley CEO John Mack sought a saving dose of capital from Wachovia, a U.S. bank, and the China Investment Corp., Beijing's $200 billion sovereign wealth fund, which had already bought 9.9% of Morgan Stanley last December. MUFG joined the fray over the weekend, sources say, and within days committed to buy a strategic stake, which includes a seat on the Morgan Stanley board. With the U.S. Federal Reserve now compelling both Morgan Stanley and Goldman Sachs...
...That was a pointed reference to the perils of investing in U.S. financial companies over the last 18 months. In May 2007, China Investment Corp. (CIC), the country's sovereign wealth fund, sank $3 billion into Blackstone Group, the U.S. private equity firm, only to watch its stake shrink by half in value as financial stocks tanked. "The leadership [in Beijing] thinks they got taken and they are determined not to let it happen again," says a Hong Kong investment banker close to CIC. But that does not mean the Chinese aren't interested. CIC bought 9.9% of Morgan Stanley...
...Bishopsgate, the center of London's financial district, helped convince Britain to seek a political settlement with the IRA. In 2005, a former Lebanese prime minister in 2005 was killed by a car bomb that provoked a cascade of events that led to Hizballah becoming the de facto sovereign authority in Lebanon. Or, on a happier side, the sharp drop off in car-bombs in Iraq has averted a civil war. And the Oklahoma City truck bombing effectively destroyed the right wing insurgency Tim McVeigh wanted to rally...
...That's more or less the deal secured by Temasek, a sovereign wealth fund in Singapore, when it invested in Merrill Lynch. It dumped $4.4 billion into Merrill last December at $48 per share, but a downside protection clause meant the firm would make money even if the stock plunged to $24. It did - and then some. By late last week, Merrill traded at just over $17 a share, increasing the pressure on CEO John Thain to do a deal. Over the weekend, he sold the firm to Bank of America in an all-stock transaction worth about...