Word: staking
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...More than golf courses are at stake. The central government is in the midst of the first comprehensive effort to restrain China's soaring economy in a decade, and whether the attempt is successful has global implications. Faced with overheating markets and rising inflation, Beijing wants to ease annual growth of gross domestic product (GDP) from the current rate of nearly 10% to a more manageable 7%. But China's policymakers may lack the monetary tools to engineer a soft landing, and the specter of a Chinese crash is contributing to fears that the global economic recovery-already under pressure...
...INDICATORS Asian Strategy Stalls Germany 's DaimlerChrysler announced it would sell its 10.5% stake in South Korea 's Hyundai Motor Co., just a month after DaimlerChrysler refused to bailout Japan 's Mitsubishi Motors, in which it holds a 37% stake...
Rumsfeld v. Padilla is closely related to another case currently before the Court: Hamdi v. Rumsfeld, which concerns a U.S. citizen, Yaser Hamdi, captured in Afghanistan fighting with the Taliban. The issue at stake is whether the president can hold him indefinitely as a battlefield detainee. Richmond’s Fourth Circuit Court of Appeals has affirmed this right as a constitutional war power...
...sold to foreigners. That changed in November 2002, when the government allowed shares still held by listed state-run companies to be sold to foreigners. One of the first to test the new regulation was SABMiller, which paid more than $86 million last year for its initial 29.6% stake in Harbin Brewery. That type of deal represents "a trend toward letting foreigners take control of enterprises that the government doesn't consider a strategic industry," says Carl Walter, managing director of JP Morgan China...
...hard to see why SABMiller and A-B are so keen to get their hands on Harbin Brewery. Recent years have seen lackluster sales in the U.S., whereas China has emerged as the world's last great growth market for beer. With SABMiller already owning a stake in another large brewery in a neighboring province, A-B saw the danger that its arch rival might become the region's dominant player...