Word: swapping
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...after the U.S.-led coalition toppled Saddam Hussein's regime in Iraq, the Iranians came up with another offer: they would trade their Arab captives, including Saad, for members of the Mujahedin-e-Khalq (MEK), an Iranian terrorist group that was given sanctuary by Saddam. "It was a straightforward swap: your terrorists for ours," says a Western intelligence official familiar with Tehran's offer. The official says the offer included assurances that the MEK operatives would not be tortured and that international human-rights organizations would have access to them. "They said, 'We'll let the Red Cross or Amnesty...
...Holdings, in which Citi has stuck its mortgage loans, is still in bad shape, Citi officials say Citicorp, which the bank calls its "core" investment bank and its retail bank divisions, is on the mend. Later this week, Citi plans to complete the first stage of a deal to swap a large chunk of its preferred shares for common stock, which will greatly improve the financial standing of the bank - though it will also more than quadruple the company's shares outstanding and result in the government's owning 34% of Citi...
...border trade transactions in yuan for selected Chinese companies. This step will likely increase the use of yuan in Hong Kong, one of the world's premier financial centers. (The program also solidifies Hong Kong's role as China's chief financial hub.) This step follows a series of "swap agreements" concluded with foreign countries that allow their central banks to acquire yuan for use in trade with China. So far this year, the Chinese central bank has inked six such agreements - with nations including Argentina, Malaysia and Indonesia - totaling 650 billion yuan ($95 billion...
...kind and really gets him. Andrew (Joshua Leonard) is one of those carefree, just-back-from-Machu Picchu types, reliable mostly for being unreliable. Both men are at that stage of life where the costumes they've been trying on are about to become uniforms if they don't swap them for something else soon...
Langley said he expects that the contract swap will have a minimal effect on the workers and on the University. He said that such contracts come up for review frequently and noted that the evaluations are "always a subject of money and performance...