Indonesia, China to have a "China Desk"

""We will have a `China Desk` that will facilitate and optimize the cooperation," Deputy Head of the Mission of the Indonesian Embassy in Beijing Mohamad Oemar said on Sunday.He said the desk would be officially opened in the an investment forum to be held in Jakarta on May...

Bear, Deloitte & Touche Sued Over Mortgage Funds’ Collapse

This just keeps getting uglier."The suit seeks the recovery of $1 billion in losses, as well as punitive damages, from Bear and auditor Deloitte & Touche. The Cayman Islands-appointed liquidators,...

A new ray of hope for Zimbabwe

With the end of President Robert Mugabe's rule so close, international investors are now beginning to show early interest in the country again, and its people are starting to hope for a bright future."After often violent seizures of white-owned farms and clearances of slums...

Dubai investors to invest US$3.5 billion in Indonesia

"A number of investors from Duba, the United Arab Emirate (UAE), have expressed commitment to investing US$3.5 billion in Indonesia, President Susilo Bambang Yudhoyono said before concluding his working visit here on Thursday.President Yudhoyono pointed out that a number of...

Visa is Now Public: Largest IPO in History

Credit-Card behemoth Visa has gone public, and its stock price has doubled for those whocould afford to get in early. For all those using online trading services, they could put Visa on their Visa card."On...

S African investors interested in Indonesia

"President Mbeki said the South African and Indonesian governments need to promote their economy to their respective businesspeople. President Mbeki said that in the case of a number of obstacles facing the two...

After Bear Stearns Rescue, Who's Next?

" With a deal in place to save Bear Stearns from bankruptcy, the company's shares traded above the offer price Monday even as investors began turning a critical eye to other investment banks amid worries about how far the credit contagion could spread."

Asian stocks tumble on Bear Stearns news

On the news of Bear Stearn's fire sale, Asian stocks are taking a nosedive.  "Japan's benchmark Nikkei 225 stock index plunged 4.2 percent to 11,727, while Hong Kong' Hang Seng index was down 4.4 percent at...

Night of the Living Fed

"Night of the Living Fed Paul Krugman is writing about The Face-Slap Theory."The scariest thing I’ve read recently is a speech given last week by Tim Geithner, the president of the Federal Reserve Bank of New York. Mr. Geithner came as close as a Fed official can to...

Sleepless Investors Demand Change (SCSS)

"Sleepless Investors Demand Change (SCSS)"

U.S. economy losses 63,000 jobs in February

"NEW YORK: The U.S. economy shed 63,000 jobs in February, the government said Friday, the fastest falloff in five years and the strongest evidence yet that the country is headed toward - or may already be in - a recession. The unexpected decline raised expectations that the...

At least 7 current, former NFL players allegedly involved in tax scam

Opinion Barry Artiste, Now Public Contributor Ah Yes, Death and Taxes, only one is a sure thing, Taxes that is. An acquaintance, let's call him Peter M age 50, would brag to anyone in earshot about this New...

Market welcomes white flag in DVD format war

"Investors on Monday welcomed Toshiba's signals that it may abandon the HD DVD format, surrendering to rival Sony's Blu-ray in the battle to set the next standard of high-definition DVDs. Toshiba Corp. is reviewing its HD DVD business and "a complete withdrawal is one of the...

Jambi inviting investors to engage in titanium mining

Jambi (ANTARA News) - Jambi`s provincial administration is inviting foreign and domestic investors to engage in titanium mining in three of the province`s districts, namely Merangin, Bungo and Sarolangun, a spokesman said.The head of Jambi province`s mining affairs office,...

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