Thursday, July 23, 2009
Be Wary of China's Market
Many of us want to or do believe that China is going to be able to support us out of the recession, but the country’s growth is surely unable to continue at an 8% per year rate when it relies so heavily on exports. Maybe it is time to stop putting such an emphasis on China’s ability to save us. China can’t continue to succeed if the western powers continue to fail.
VW and Porsche to Possibly Merge
As the car industry continues to struggle it appears that Porsche is about to be sold to Volkswagen. VW has announced that it will continue its attempts to purchase the luxury car maker despite plans falling through the first time around.
Wednesday, July 22, 2009
The American Economy Will Never Be the Same
By now we all realize that it will take awhile for the American economy to recover but according to Robert Reich the economy will never be the same again and it may take a lot longer than previously expected. We are going to have to completely rebuild it.
Solar Panels Making a Comeback?
Despite the limited demand for solar panels of late, Chinese solar panel company Yingli Green Energy Holding Co has announced that prospects for the industry have been improving leading them to consider the opening of a new plant in the States.
Monday, July 20, 2009
LDK Acquires 70% of Solar Green Technology
Chinese solar wafer manufacturer LDK (NYSE:LDK) has acquired a 70% equity interest in the Italian systems integrator Solar Green Technology SpA. Solar wafers are the principal raw material used to produce solar cells, devices capable of converting sunlight into electricity. LDK's headquarters are located in Xinju, Jiangxi province, China.
Friday, July 17, 2009
Global M&A Volume Down 47.4% in 2009
Mergermarket reports that global M&A volume (number of transactions) fell by 47.4% in the first half of 2009 compared with the same period in 2008 and that the value of transactions declined by 43.6%. European deal volume was the most affacted, falling by 66.1%, while Asia-Pacific M&A was less hit.
Thursday, July 16, 2009
Man Group to Acquire 25% of China's Sinotruk
German truck manufacturer Man Group plans to acquire a 25% equity stake in leading Chinese truck manufacturer Sinotruk for Euro 560 million.
Wednesday, July 15, 2009
AGNC shares to Deutsche Bank
Yesterday it was announced that American Capital Agency Corp would sell 2,500,000 shares of AGNC to Deutsche Bank.
Tuesday, July 14, 2009
Singapore's Moving Out of the Recession
Singapore’s economy has started growing again despite the recession. The country’s second quarter growth proves what many of us have suspected, that Asian countries will be among the first to overcome the current economic turmoil.
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