China launches $11 billion fund for Central, Eastern Europe
BEIJING China has set up a 10 billion euro ($11.15 billion) investment fund to finance projects in Central and Eastern Europe, Industrial and Commercial Bank of China (601398.SS) (1398.HK) said in a statement issued on Sunday.The China-Central Eastern Europe fund will be run by Sino-CEE Financial Holdings Ltd, a company established by the bank earlier this year.The company was formally launched by Premier Li Keqiang during his visit to Riga on Saturday. The fund is aiming to raise 50 billion e..>> view originalCARB Finds New Audi Defeat Device, German Paper Digs Up Smoking Gun Document
Theresa May vows she will not allow her hands to be tied in negotiating post-Brexit future
In an indication that she will not allow the UK's preparations to be held back by EU rules blocking members from striking bilateral deals, Mrs May intends to use the three-day trip to seek official-level talks to pave the way for a post-Brexit free trade agreement, as well as moves to break down existing barriers to commerce and investment. On her first trade mission as PM, Mrs May was joined by representatives of 33 companies from around the UK in an effort to "reboot an age-old relationshi..>> view originalHigh Latino Early Voting Turnout Being Seen in Some States
A long, long, long line of early voters in a Las Vegas grocery store over the weekend and reports of other high Latino early voting has been creating some excitement as Election Day nears. Witnesses to the long lines to vote at Cardenas grocery store - where the poll was open until 10 p.m. Friday - were ecstatic and amazed by the numbers who were waiting to cast their ballot. Political analyst Jon Ralston said the turnout may have spelled the end for Republicans. There were reports of hi..>> view originalHow LinkedIn Drove a Wedge Between Microsoft and Salesforce
At first, Microsoft and Salesforce put past grievances behind them — the two had squabbled over patents, employee poaching and more — and agreed to make their products work better with each other. Their relationship warmed up when they began to talk about a merger, but then quickly got frosty when they couldn’t agree on a price. There are big personalities behind the battle. At Microsoft, the job of adjusting course has fallen to Satya Nadella, a poetry-quoting chief executive who is trying to ..>> view originalEgypt Stocks Rally Most in Mideast on Bets Float to Appease IMF
Egyptian stocks rallied a seventh day on bets an unprecedented decision to float its currency will help cement a $12 billion loan from the International Monetary Fund.The EGX 30 Index climbed 4.4 percent at 12:15 p.m. in Cairo, poised for the longest winning streak since March. Members of the benchmark gauge traded at the most expensive in 17 months based on future earnings, as the measure’s 14-day relative index rose further into overbought territory. Shares in Dubai fell 0.6 percent, while th..>> view originalNo matter who wins the US presidential election, Social Security loses
During the next US president’s term, Social Security will reach an important milestone. In 2019, it will start paying out more in benefits than it takes in taxes and interest income. That does not mean benefits will need to be cut, at least right away. Social Security has a stock of US Treasury bonds that’s expected to pay benefits for another 15 years. But in 2034 something has to happen—either benefits are cut, taxes increased, the government takes on more debt, or spending on other programs ..>> view originalCash at Buffett's Berkshire Hathaway hits new record with stock market near highs
Getty Images The cash is mounting at Warren Buffett’s Berkshire Hathaway. Is Warren Buffett running out of acquisition ideas? Buffett’s Berkshire Hathaway BRK.B, -0.48% ..>> view original
Sunday, November 13, 2016
China launches $11 billion fund for Central, Eastern Europe and other top stories.
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