Spanish Energy Spin-off Takes Flight - December 14, 2007 04:07 PM
Spanish utility company Iberdrola launches Iberdrola Renovables, a spin-off of its “green energy” unit; analysts debate the potential for future renewable energy initiatives and the wisdom of spin-offs that are driven by investment fads rather than good business sense.
Dubai’s Construction Projects Reach for the Sky - December 06, 2007 11:55 AM
As part of its continuing effort to position itself as a luxury brand, the emirate of Dubai is spending billions of dollars on remarkable construction projects that have divided architectural critics.
Sony Sells Sizeable Stake to Dubai State Investment Fund - November 30, 2007 12:27 PM
Dubai International Capital’s move boosts Sony’s shares; the purchase is the latest by United Arab Emirates in a series of investments in international holdings.
Flailing U.S. Bank Beckons Gulf Nation Investors - November 29, 2007 12:46 PM
Troubled banking giant Citigroup sells the state-run Abu Dhabi Investment Authority a portion of the company worth $7.5 billion, the latest in a string of Gulf nation investments made as the dollar tumbles and oil prices rocket.
Farm Bill Provides Subsidies to the Wealthy, Too - November 12, 2007 10:00 AM
On Oct. 25, the Senate Committee on Agriculture, Nutrition & Forestry agree to allocate $280 billion for agriculture, nutrition programs and farming subsidies; but some commentators question whether the money is being distributed fairly.
Bank Feels the Pain of Home Foreclosure - October 26, 2007 11:42 AM
Countrywide Financial offers refinancing for adjustable-rate loans to avoid adding to its growing inventory of repossessed properties; meanwhile sub-prime debtors file for bankruptcy in a bid to keep their homes.
Euro Stocks Surpass U.S. Markets - April 03, 2007 02:12 PM
A new report shows U.S. capital markets lagging behind their transatlantic counterparts, as the euro booms and the dollar declines. But how accurate is this data?