China

  • Bear Stearns, Berkshire Hathaway, China, Warren Buffett

    At Least One Subsidiary of Citic Group Does Not Consider Itself Too Good To Be Seen in Public With Bear Stearns

    Though China Citic Bank Corp, the banking unit of China Citic Group, said as recently as Thursday that it hadn’t spoken with Bear Stearns about buying a stake in the awesomely declining Madison Avenue stock, nor did it plan to “in the next three months,” China’s Citic Securities Co., another unit of Citic Group*, agreed […]

    / Oct 22, 2007 at 12:44 PM
  • China, Really take a second to think about this, Toys

    Want To Ensure Your Kid Won’t Die? It’ll Cost Ya.

    You say you want to be able to buy Barbie dolls for your son without worrying that he’s going to get lead poisoning but at what cost? Toy manufacturers hoping to call parents on their collective bluff—and really actually kind of baiting them to do so—today announced that they will be complying with safety standards […]

    / Oct 9, 2007 at 4:45 PM
  • China, Maria Bartiromo, Todd Thomson

    Maria Bartiromo Incorporated Into Chinese Lexicon

    The population of China, unable to describe what was going on between Maria Bartiromo and Todd Thomson during their trysts to the Far East, decided to modernize its language. Respectful of Maria’s status as the Money Honey, Maria and Todd were officially branded “ban tang fu qi” or a “semi-honey couple.” The phrase denotes young, […]

    / Aug 22, 2007 at 11:34 AM
  • China

    Time Preference Has Been Repealed
    Chinese Car Buyers Get Their Money For Nothing And Their Chicks For Free

    General Motor’s “biggest China manufacturing joint venture said it would offer interest-free car loans, as the company maneuvers for advantage in the increasingly competitive China market and tries to encourage people in this cash-centered economy to borrow to buy cars,” the Wall Street Journal reports. Even worse: other dealers are apparently offering better deals. Negative […]

    / Aug 22, 2007 at 11:08 AM
  • China

    Don’t Tickle That Elmo!

    China believes the children are our future, just its children, not ours. That is why the first phase of China’s global takeover strategy is to poison U.S. children. Turns out the mole is Elmo, and he wants to pump the West’s children full of lead. He runs more red than we originally thought, it seems. […]

    / Aug 2, 2007 at 12:37 PM
  • Blackstone, China

    Blackstone Shares Buyout Secrets With Chinese Government

    Steve Schwarzman is selling state secrets to the Chinese. Is Schwarzman trying to pull a Jack Bauer’s father in last season of 24 (Schwarzman is the only PE fund guru as “tall” as Keifer Sutherland, after all)? For the low, low price of $540 million dollars, or a nice $23 million a day, the Chinese […]

    / Jul 31, 2007 at 10:15 AM
  • Banks, China, Citigroup

    Let’s Get ‘Er Done: Becoming the World’s Second Largest Bank

    Citi is no longer the world’s largest bank in terms of market cap. When Asian markets closed yesterday the Industrial & Commercial Bank of China (ICBC) was $3 billion ahead of Citi’s market cap of $251 billion. The main reason for Citi’s dethronement is ICBC’s 15% share price surge this month, compared with Citi’s relatively […]

    / Jul 24, 2007 at 1:40 PM
  • China

    The Swiss Army Knife: Made In China?

    You know outsourcing production to China is out of hand when the Swiss Army Knife could have a “Made in China” label on it as early as this year. This has some Swiss people very angry, measured by the ever decreasing number of marshmallows in our hot chocolate. Alois Kessler, a lawyer and retired Swiss […]

    / Jul 19, 2007 at 12:58 PM
  • China

    China Puts Wang In Jail

    Chinese officials are imploring investors not to be tempted by the tips of Mr. Wang (like parents of teenage daughters in the Midwest). Wang Xiujie (pictured) was arrested in Changchun (Changchun is often called the Paris of the Jilin province) for giving investment tips on his blog Daitou Dage 777. Daitou Dage 777, which stands […]

    / Jul 16, 2007 at 10:59 AM
  • China, Goldman Sachs

    How Do You Say ‘Goldman Sachs’ In Chinese? Don’t Ask Goldman

    We’re not saying it’s the height of all arrogance to assume that one’s rank as the “world’s most profitable investment bank” would be enough to displace the fact that a would-be Asian CEO-appointee can barely read or write in Chinese, we’re just saying. Goldman Sachs was told that it could not name Richard Ong chief […]

    / Jul 12, 2007 at 12:51 PM
  • China

    China, looking but not touching – deals and frescoes

    China isn’t gobbling up foreign assets at a rate that many expected, with overseas acquisitions this year on pace to reach only about 75% of last year’s volume. China more than doubled overseas M&A volume last year, acquiring over $20bn in foreign assets in 2006, up from $9.6bn in 2005. This year China’s overseas deal […]

    / May 31, 2007 at 11:35 AM
  • China

    Breaking News: People Buying Stocks in China

    Over 300k people are opening brokerage accounts every day in China and driving the most recent market surge, pushing Shanghai’s CSI 300 past the 4,000 mark. The index has quadrupled since 2006 and doubled since the start of this year, although Greenspan is wary of the bubble buzz, and warned of a possible dramatic correction […]

    / May 29, 2007 at 10:23 AM
  • China

    The SARS is bananas, B-A-N-A-N-A-S

    A rumor that bananas carry viruses similar to SARS initially spread by text messages is causing a drastic price slump in the Hainan region of China, costing local banana producers over $2.6mm a day. China’s Agricultural Ministry claims that bananas do not carry SARS, and that the malady is instead only caused by the practice […]

    / May 25, 2007 at 9:29 AM
  • China, FOREX

    From People’s Republic To Private Equity

    As it turns out, Marx had history precisely backwards. Ownership of the means of production are increasingly heading away from the masses toward private pools of private capital. And now that includes the private capital of the clique that runs China: China will create an agency to invest its immense reserves of foreign currency, now […]

    / Mar 12, 2007 at 12:20 PM
  • China, Economics, Morgan Stanley

    What Good Is A Chief Economist?

    We’ve never been entirely clear about why financial institutions employ people with the title “chief economist.” It’s not as if the analysts looking at individual stocks or market segments are really influenced by these people. We’ve heard that its mostly “for marketing” purposes—the idea would be that if the bank could show it had some […]

    / Oct 23, 2006 at 11:32 AM
  • China, FOREX, Treasury

    Two Senators Who Don’t Want To Become Chinese

    Senators Charles Schumer and Lindsey Graham are long-time China hawks, and most recently have been threatening China with tariff sanctions if it won’t adopt a flexible exhange rate for its currency. Today they are meeting with Treasury Secretary Hank Paulson, who is viewed as friendly toward China. Or, to revert to more typical DealBreaker parlance, […]

    / Jul 26, 2006 at 11:04 AM
  • China, Craigslist, GM, Lucent, Opening Bell, Wal-Mart

    Opening Bell: 4.3.06

    Alcatel Jumps on Plan to Buy Lucent in $13.4 Bln Swap (Bloomberg) It’s official; they’re merging. 8,800 jobs will be cut, Lucent’s Patricia Russo will be the first female CEO of a large French company, and nothing says bubble like Alcatel, the acquirer, jumping 8.8% on the news. The merger will be judged, obviously, on […]

    / Apr 3, 2006 at 8:25 AM

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